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May 01, 2023

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A group of lenders, who claim to collectively own more than 85% of a $1.2 billion term loan taken by Byju's, has termed the suit filed by the edtech company against their demand for an "accelerated" repayment "meritless".

India welcomes all collaborations that can accelerate its digital transformation and empower its citizens, Prime Minister Narendra Modi said after his Thursday meeting in New Delhi with OpenAI chief executive Sam Altman, who is currently on a tour meeting world leaders across Europe and Asia.

Adani Group's proposed acquisition of Air Works has passed its long stop date and the two companies are not in discussions to extend deal timelines, ratings agency Crisil said in a recent note, potentially adding to the list of purchase plans that have been halted.

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