Byju’s News LIVE Updates: Byju’s founder may buy back up to 15% in company, reports Bloomberg – Economic Times

SC says it will take up Bilkis Bano’s plea against early release of 11 convicts as lead matter on next date

Bilkis Bano case

Supreme Court judge, Justice Bela M Trivedi recuses herself from hearing pleas challenging the pre-mature release of 11 convicts, who had gangraped Bilkis Bano and murdered her family members during the 2002 Godhra riots.

IT dept conducting raids on Excel Group of Companies in Hyderabad & other premises linked to it. Searches are being conducted at the Gachibowli headquarters of the company. Raids are being conducted simultaneously at 18 places across the country since Wednesday: Sources to ANI

Price as on 04 Jan, 2023 01:20 PM, Click on company names for their live prices.

Cabinet approves an initial outlay of Rs 19,744 Cr for National Green Hydrogen Mission: CNBC

Cabinet approves provisions of National Green Hydrogen Mission, sources told ETNow

Byju’s News LIVE Updates: Byju’s founder may buy back up to 15% in company, reports Bloomberg

Byju Raveendran, founder of India’s education technology giant Bjyu’s, is in talks to raise his stake in the company to as high as 40%, according to a report by Bloomberg. This could estimate to be as much as 15% of the company’s stake. Byju Raveendran is reported to be seeking funds to finance the buyback by using his shares as collateral.Earlier, the Edtech major denied charges that it purchased students’ databases and clarified that it relies on app users, walk-ins and incoming requests for consultation. The statement from BYJU’S comes against the backdrop of summons issued to the company by child rights body National Commission for Protection of Child Rights (NCPCR).

Byju Raveendran is reported to be seeking funds to finance the buyback by using his shares as collateral.

Byju Raveendran, the founder of edtech startup Byju’s, is in talks to raise his stake in the company to as high as 40%, says a Bloomberg report

Gr. Noida: Woman battling for life after being hit by speeding car on New Year’s eve

A 21-year-old woman is battling for her life at a hospital here after a speeding car hit her and two of her friends on New Year’s eve.The incident took place hours before the New Year shocker in the national capital, wherein a 20-year-old woman died a painful death after being dragged by a car for about 12 kn on the outskirts of Delhi in the early hours of Sunday.The three young women are all final year B. Tech students at GNIT College in Greater Noida. While two of them who suffered minor injuries have been discharged from the hospital on Tuesday, the condition of Sweety (21) is stated to be serious.Sweety, who is in ICU, has been put on a ventilator and is said to be in a state of coma. She received critical injuries on her legs and head following the accident which happened at around 9 p.m. on December 31.

India tribunal declines Google’s request to block Android antitrust ruling

An Indian tribunal on Wednesday declined a request by Google to block an antitrust ruling that ordered the tech giant to change its approach to its Android platform, dealing the U.S. firm a setback in a key growth market.In October, the Competition Commission of India (CCI) fined Alphabet Inc’s Google $161 million for exploiting its dominant position in markets such as online search and the Android app store, and asked it to change curbs on smartphone makers related to pre-installing apps.During the hearing, Google’s counsel, Abhishek Manu Singhvi, repeatedly pushed for putting the decision on hold, or extending the date of implementation of CCI’s directives beyond Jan. 19. He said the CCI’s decision will force the company to change its business model and harm consumer interest.The tribunal did not agree. “We are of opinion that at the moment given the voluminous nature of the appeal, there is no need to pass any interim order,” the two-member tribunal panel said.Google told the tribunal in a legal filing that CCI’s investigation unit copied parts of a European ruling against the U.S. firm from a similar verdict on abuse of market dominance of its Android operating system, Reuters reported on Tuesday.The CCI investigators “copy-pasted extensively from a European Commission decision, deploying evidence from Europe that was not examined in India”, Google alleged.The CCI has not responded yet to those allegations.

Google vs CCI

SC grants regular bail to Khushi Dubey

Supreme Court grants regular bail to Khushi Dubey, widow of Amar Dubey, an aide and relative of the slain gangster Vikas Dubey.Khushi Dubey challenged the Allahabad High Court order denying her bail in the case in which 8 police officers were killed in UP’s Kanpur.

NCLAT directs Google to deposit 10 per cent of the Rs 1,337.76 cr penalty by CCI

The National Company Law Appellate Tribunal on Wednesday directed Google to pay 10 per cent of the Rs 1,337.76-crore penalty imposed on the tech giant by fair trade regulator CCI. A two-member bench, however, declined to grant any immediate stay the operations of Competition Commission of India (CCI) penalty and said it would pass any order after hearing out other parties.The appellate tribunal has issued notices to CCI and directed to list the matter on February 13, for hearing over interim stay.The NCLAT direction came over a petition filed by Google, challenging the CCI order on the tech giant abusing its dominant position in multiple markets in the Android mobile device ecosystem, saying the verdict is a setback for Indian users and will make such devices more expensive in the country.On October 20 last year, CCI slapped a penalty of Rs 1,337.76 crore on Google for anti-competitive practices in relation to Android mobile devices. In the October ruling, CCI had also ordered the internet major to cease and desist from various unfair business practices.This was challenged by Google before NCLAT, which is an appellate authority over the CCI against any direction issued or decision made or order passed by the regulator.In its petition, Google had sought an interim stay over the penalty.Android has greatly benefitted Indian users, developers, and Original Equipment Manufacturers (OEMs) and powered India’s digital transformation, Google had said.It also alleged that the Director General (DG) has copy-pasted paragraphs from the rulings of foreign authorities.

SC declines to entertain SP leader Azam Khan’s plea seeking transfer of certain cases

Supreme Court declines to entertain SP leader Azam Khan’s plea seeking transfer of certain cases against him from Uttar Pradesh to another state. Court asks Azam Khan to approach the concerned High Court and directed that his petition may be taken up on an expeditious basis.

Adani arm Ambuja Cements on January 3 incorporated a wholly-owned arm by the name of Ambuja Shipping Services Ltd. The company is yet to commence operations.

Price as on 04 Jan, 2023 10:56 AM, Click on company names for their live prices.

Indian Economy News LIVE Updates: Growth of Indian private sector output climbs to near 11-year high

India’s services industry saw activity increase at the fastest pace in six months during the final month of 2022 amid robust demand, fuelling business optimism despite high costs, a private-sector survey showed.The S&P Global India services purchasing managers’ index (PMI) rose to 58.5 in December from 56.4 in the previous month, confounding expectation in a Reuters poll for a fall to 55.5.The index was above the 50-mark separating growth from contraction for the 17th straight month – the longest stretch of growth since June 2013.”As we head into 2023, companies signalled strong optimism towards the outlook for output,” noted Pollyanna De Lima, economics associate director at S&P Global Market Intelligence.”Inflation trends were mixed, as input prices rose at a faster pace and the upturn in charges moderated.”Expenses rose faster due to greater energy, food, staff and transportation costs so prices charged remained elevated despite moderating slightly from November, when they rose at the quickest rate since July 2017.This could elevate India’s retail inflation which eased to 5.88% in November, below the top of the Reserve Bank of India’s target band of 4%-6% for the first time in 2022.

Delhi’s air quality in ‘very poor’ category as AQI reaches 353

CERC asks Tata Power to share mining profits for Mundra power plant

Price as on 04 Jan, 2023 10:15 AM, Click on company names for their live prices.

Head constable at Israel Embassy Residential Complex in Vasant Vihar, South Delhi has died by suicide by shooting himself. No suicide note was found. During initial investigation, it was found that he killed himself due to domestic reasons. Investigation underway

– Delhi Police

Delhi horror

A man tried to drag a 19-year-old girl inside a car in Delhi’s Pandav Nagar. When she refused to get inside the car, the youth threatened to throw acid at her. The girl was injured during this. After which she was given first aid. Case registered, probe underway, Delhi Police reported.

We are seeking a report from the Airline and shall take action against those found negligent

– Directorate General of Civil Aviation

Air India constituted an internal committee in this incident and recommended to put the male passenger on ‘no-fly list’, the matter is under government committee and decision is awaited

– Air India official

Male passenger urinates on female co-passenger in Air India’s business class

An inebriated male passenger urinated on a female co-passenger in Air India’s business class on Nov 26, 2022.”Air India has lodged a police complaint regarding the incident which took place on Nov 26 when the flight was on its way from JFK (US) to Delhi,” Air India official told to ANI

China is pausing massive investments aimed at building a chip industry to rival the US, after considering $145 billion in subsidies: BLOOMBERG

Until Sandeep Singh resigns, matter would be biased, says woman coach who accused Haryana minister of sexual harassment.

Yogi to interact with India Inc in Mumbai on Thursday

Uttar Pradesh Chief Minister Yogi Adityanath will interact with the top names of India Inc. when he leads the first domestic roadshow in Mumbai on Thursday (January 5) ahead of the Global Investors’ Summit 2023 to be held in Lucknow from February 10 to 12. Coming after the global roadshows in 16 countries, the interaction with the domestic investors ahead of GIS-2023 will take place in eight cities. The companies which are expected to interact with the delegation from UP in Mumbai include Tata Group, Reliance Industries, Mahindra Group, Godrej, Aditya Birla Group, Piramal Enterprises, Parle Agro and JSW Group.

Night curfew imposed along International border in Samba: J&K Police

Night curfew imposed along International border in Samba. It will be applicable from 9pm to 6am in areas up to 1km from the International Border. Appeal to people not to move unnecessarily and carry documents during emergency travel: Deputy SP, SOG, J&K police

Maharashtra: Mumbai police rescues man abducted for Rs 7 lakh ransom; one arrested

The Mumbai police rescued a man who was abducted a month ago for a ransom of Rs 7 lakh and arrested one of the accused involved in the crime. The accused identified as Arjun was arrested from Karnataka’s NM Joshi Marg police station, the police official said on Tuesday. The police further said that four other accused, involved in the case are absconding. “The victim, who is a flower vendor, was allegedly abducted from Mumbai by five accused on December 8, 2022, and was held hostage at an undisclosed location in Sangli,” Deputy Commissioner of Police (DCP) Akbar Pathan said.

Biden to receive Japan’s PM Kishida on Jan. 13: White House

US President Joe Biden will host Japan’s Prime Minister Fumio Kishida on January 13, the White House said in a statement on Tuesday. “President Biden looks forward to welcoming Prime Minister Kishida Fumio of Japan to the White House on Friday, January 13th to further deepen ties between our governments, economies, and our people,” the statement said, adding that the leaders will also discuss security issues around North Korea, Ukraine and China.

FTX founder Sam Bankman-Fried pleads not guilty to fraud

FTX founder Sam Bankman-Fried pleaded not guilty in Manhattan federal court on Tuesday to charges that he cheated investors and looted customer deposits on his cryptocurrency trading platform as a judge set a tentative trial date for October. Bankman-Fried, 30, denied charges accusing him of illegally diverting massive sums of customer money from FTX to make lavish real estate purchases, donate money to politicians and make risky trades at Alameda Research, his cryptocurrency hedge fund trading firm. Bankman-Fried’s attorney, Mark Cohen, announced his client’s plea, saying: “He pleads not guilty to all counts.”

Joe Biden re-nominates Eric Garcetti as US ambassador to India

United States President Joe Biden on Tuesday renominated Eric Garcetti, the former Mayor of Los Angeles, as an ambassador to India, the White House said after sending the nomination to the Senate. In the statement, the White House said, “Eric M Garcetti, of California, to be Ambassador Extraordinary and Plenipotentiary of the United States of America to the Republic of India.”

U.S. FDA allows abortion pills to be sold at retail pharmacies -GenBioPro says

Retail pharmacies will now be allowed to offer abortion pills in the United States under a regulatory change made by the Food and Drug Administration on Tuesday, GenBioPro, the manufacturer of Abortion pill mifepristone, said in an emailed statement. The “in-person” requirement that patients see healthcare providers in physical locations which was temporarily removed during the Public Health Emergency, is now permanently removed, GenBioPro said, quoting Danco Laboratories, which makes Mifeprex, another medication to end an early pregnancy.

5 countries start responsibilities as newly elected members of UNSC

Five countries — Ecuador, Japan, Malta, Mozambique and Switzerland — have began to assume responsibilities as non-permanent members of the United Nations Security Council. Their two-year term officially started on January 1, but the first business day of the Security Council for 2023 after the New Year holiday break is Tuesday, January 3, Xinhua news agency reported. A flag installation ceremony was held on Tuesday to mark the start of their responsibilities. The ceremony was initiated by Kazakhstan in 2018.

Ukrainian PM outlines govt priorities for 2023

Ukrainian Prime Minister Denys Shmyhal has outlined 10 priorities of the government for 2023, including support for the army and the whole security and defence sector. “The year 2023 should be the year of Ukraine’s victory. We do our best for this,” Shmyhal said on Telegram, Xinhua news agency reported. Integration into the European Union and the North Atlantic Treaty Organization is also a top goal for Ukraine, he noted.

Japan Dec factory activity posts sharpest fall in more than 2 years -PMI

Japanese factory activity fell in December at the sharpest pace in 26 months, a business survey showed on Wednesday, with companies seeing further declines amid a global economic slowdown. The au Jibun Bank Japan manufacturing purchasing managers’ index edged down to a seasonally adjusted 48.9 in December from November’s final 49.0. Although slightly higher than the flash figure of 48.8, the reading was the weakest since October 2020 and marked the second month below the 50-line that separates contraction from expansion.

Australia win toss, bat in third Test against South Africa

Australian captain Pat Cummins won the toss and chose to bat in the third Test against South Africa at the Sydney Cricket Ground Wednesday. Australia went for an extra spinner with left-armer Ashton Agar, and Matthew Renshaw coming in to bolster the batting, squeezing out in-form paceman Scott Boland. Josh Hazlewood returns to share the new ball with Cummins in the absence of injured pair Cameron Green and Mitchell Starc.

Tamil Nadu: Seminar for income tax officials, corporates held in Madurai

An awareness seminar was held for income tax officials with tax-paying corporates in Tamil Nadu and Puducherry in Madurai. Principal Chief Commissioner of Income Tax, Tamil Nadu and Puducherry R Ravichandran attended the programme at Income Tax Office, Madurai zone. During the programme, Ravichandran advised on TDS return. Taxpayers raised doubts regarding difficulties in the payment of income tax.

India building a world order based on spirituality, morality: President Murmu

Highlighting the mutual connection between humanity and spirituality, President Droupadi Murmu on Tuesday said India is active in building a world order based on spirituality and morality. President Murmu who is on a Rajasthan visit, on Tuesday, graced the launch of the National Campaign on ‘RISE-Rising India through Spiritual Empowerment’, organized by Brahma Kumaris at Mount Abu. Addressing the gathering, the President said, “Spirituality is the guiding light which can show the right path to the entire humanity. Our country has to use both science and spirituality for world peace. Our aim is that India should become a knowledge superpower.”

Russia says toll from Ukraine strike rises to 89

The toll from a Ukrainian New Year strike in Makiivka has risen to 89, Moscow said on Wednesday, after Russians gathered to mourn the troops in a rare public display of anger and grief. Russia said in the early hours of Wednesday that more bodies had been found under the rubble in the town of Makiivka in the Russian-controlled region of Donetsk and the toll had risen to 89. The defence ministry declared that the tragedy had taken place because Russian troops had used cell phones, giving away their location to Ukrainian forces.