Author: News Desk

Byju’s founder, Byju Raveendran, plans to file a $2.5 billion lawsuit against GLAS Trust in the US, while also submitting new evidence to counter allegations that $533 million was misappropriated from Byju’s American financing entity, Byju’s Alpha. The announcement follows a Delaware bankruptcy court ruling ordering Raveendran to pay over $1.07 billion in a default judgment. The court stated that Byju’s founders had not cooperated with efforts to trace nearly half of the proceeds from a $1.2 billion US term loan issued in 2021. Raveendran has contested the ruling, stating that he was not given adequate time to secure legal…

Kerala Chief Minister Pinarayi Vijayan on Thursday called on the State’s MPs to work toward obtaining Presidential assent for the Kerala Wildlife (Amendment) Bill, 2025. Speaking at a conference of MPs ahead of Parliament’s Winter Session, he highlighted that the law passed by the Kerala Assembly in October includes provisions to expedite action against dangerous wild animals that pose an immediate threat to human life. The amended legislation aims to address the growing human-wildlife conflict in Kerala. It empowers the Chief Wildlife Warden to cull wild animals that cause serious injuries to humans and allows the State to declare certain…

MapmyIndia, India’s homegrown digital mapping and navigation platform, announced that its address-capturing and lead-discovery tools are now integrated directly into Zoho’s CRM software. The collaboration between MapmyIndia (also known globally as Mappls) and Chennai-based Zoho Corp is being described as a landmark partnership by both companies. Rakesh Verma, Co-Founder and Group Chairman of MapmyIndia, said the integration will help Zoho CRM users across India work smarter, improve sales, and keep all data securely within the country. Zoho CEO Mani Vembu added that combining business intelligence with spatial intelligence will give field teams the location-aware insights needed to better serve customers.…

Kerala has crossed 800 pedestrian fatalities this year, prompting the Motor Vehicles Department to start a strict enforcement drive against motorists who ignore pedestrian safety, especially at zebra crossings. Almost half of those killed were senior citizens, highlighting how widespread unsafe driving has become. The department noted that many two-wheeler and four-wheeler users fail to give pedestrians the right of way and often speed through crossings instead of slowing down. Others park on zebra lines or obstruct footpaths, putting walkers at further risk. The rules require drivers to reduce speed and stop at least three metres before a zebra crossing…

Adani Group has moved into the pilot-training business by agreeing to buy a 72.8 percent stake in Flight Simulation Technique Centre for about Rs 820 crore. FSTC runs a network of full-flight simulators, training aircraft and pilot-training programs that range from basic licences to type ratings and specialised skills. Its main training hubs are in Gurugram and Hyderabad, along with flying schools in Bhiwani and Narnaul. The deal is being executed through Adani Defence Systems and Technologies and Horizon Aero Solutions. Horizon is jointly owned by Adani Defence and Prime Aero Services. Both companies have signed share-purchase agreements with FSTC’s…

Bajaj Auto on Wednesday expanded its electric three-wheeler portfolio with the nationwide launch of the Riki e-rickshaw and e-cart, following successful pilot projects in four cities. The company plans to introduce the Riki range in 25 cities, aiming to capture a larger share of India’s rapidly growing e-rickshaw market. Samardeep Subandh, President of Bajaj Auto Ltd’s Intracity Business Unit, told CNBC-TV18 that monthly e-rickshaw sales have jumped from 10,000–12,000 units to nearly 45,000 units, now accounting for 38% of the country’s three-wheeler market. Despite over 500 e-rickshaw brands in India, Bajaj Auto secured a 4–5% market share during its pilot…

A joint venture led by Reliance Industries will invest $11 billion over the next five years to develop 1 gigawatt of AI data capacity in Andhra Pradesh, according to the companies and the state government. The venture, named Digital Connexion, also includes Canadian multinational Brookfield Corporation and U.S.-based real estate investment trust Digital Realty. It plans to build an AI-focused data centre campus spanning 400 acres in Visakhapatnam. This move follows Google’s announcement in October to develop AI data centre capacity in Visakhapatnam over five years, which will be the company’s largest AI hub outside the United States. The global…

Asian Paints has joined hands with the Board of Control for Cricket in India (BCCI) as the official colour partner for the next three years, in a deal valued at around Rs 45 crore. The partnership will cover men’s, women’s, and domestic cricket across more than 110 matches. With this, Asian Paints joins the ranks of BCCI’s other official sponsors, including Campa (Rs 48 crore), Atomberg (Rs 41 crore), and SBI Life (Rs 47 crore). The announcement comes shortly after BCCI secured a jersey sponsorship deal with Apollo Tyres following the exit of Dream11. Amit Syngle, Managing Director and CEO…

At the TN Rising investment conclave on Tuesday, Tamil Nadu Chief Minister M K Stalin witnessed the signing of 158 MoUs worth a total of Rs 43,844 crore, promising the creation of 1,00,709 jobs across the state. Among the deals, Sakthi Aircraft Industries announced plans to set up a state-of-the-art two-seater trainer aircraft manufacturing unit in Tirupur district. The Rs 500 crore investment is expected to generate 1,200 high-skilled jobs, marking the first facility of its kind in Tamil Nadu. “During the TN Rising Coimbatore Conclave, Sakthi Aircraft signed the MoU in the presence of Chief Minister M K Stalin,…

The Union cabinet, led by Prime Minister Narendra Modi, has approved a ₹7,280 crore plan to help India start manufacturing rare earth permanent magnets at home. These magnets are essential for electric motors, renewable energy systems and advanced electronics, but India depends almost entirely on imports right now. The government says this scheme will help build a full rare earth magnet ecosystem in the country, reduce reliance on other nations and make India a stronger player in the global market. Mint had reported earlier that the finance ministry had already cleared the proposal before it reached the cabinet. Information and…