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Edtech startup Byju’s is acquiring Blackstone Group-backed Aakash Educational Services in an estimated USD 800- million cash-and-stock deal. According to a report by Economic Times, after the transaction, Blackstone Group and Aakash Institute’s founders will hold a minority stake in Read more
FDI equity inflows into the country during April-January 2020-21 grew by 28 per cent to USD 54.18 billion, according to the Commerce and Industry Ministry data released on Monday. Foreign direct investment (FDI) inflows during April-January 2019-20 stood at USD Read more
Swiggy, an online food delivery brand, has approximately raised a sum of $800 million from its investors including Goldman Sachs, Amansa Capital, Think Investments, Falcon Edge and Carmignac. This information was shared by brand’s founder Sriharsha Majety in an internal Read more
Germany has become the second major European economy to use a multi-billion-euro recovery plan to spur clean driving, with incentives for electric cars that should boost Volkswagen (VOWG_p.DE) and Tesla (TSLA.O), while polluting SUVs face higher taxes. Berlin’s 130 billion Read more
Expectations that the global economy has dodged the worst-case scenarios for the coronavirus pandemic have led to a dramatic selloff in U.S. government bonds from their record highs, pushing the yield curve to its steepest level since March. Investors will Read more
Volkswagen (VOWG_p.DE) is resuming deliveries of its Golf 8 model after fixing a software glitch, a spokesman said on Thursday. The German automaker halted deliveries of the popular model last month after discovering the problem in the software, which enabled Read more
Oil prices were little changed in choppy trade on Thursday as investors awaited a decision from top crude producers on whether to extend record output cuts. The Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, a Read more