Byju's Gets Shareholders' Approval For $200 Million Rights Issue

Byju's Gets Majority Of Shareholders' Approval For $200 Million Rights Issue

The EGM held on March 29 was opposed by a group of investors in the company. (FILE)

New Delhi:

The majority of shareholders of edtech firm Think and Learn, owner of Byju’s brand, have approved the company’s resolution to increase its authorised share capital to absorb USD 200 million raised through the rights issue, a statement said on Monday.

The EGM held on March 29 was opposed by a group of investors in the company.

“The Extraordinary General Meeting (EGM) held on March 29, 2024, has been approved by a majority of 55 per cent of the total votes polled. The voting process, which included both the EGM and a postal ballot that concluded on April 6, 2024, has been duly scrutinised by an independent third party,” the company said in a statement.

The approval of the EGM proposals paves the way for Think and Learn Private Limited, the parent company of Byju’s, to issue fresh shares and conclude the rights issue aimed at tackling the liquidity crunch, including unpaid salaries, regulatory dues and vendor payments, the statement said.

While the rights issue provides Byju’s with the necessary financial resources, the company is currently unable to utilise the proceeds.

“A National Company Law Tribunal (NCLT) interim order, on a petition filed by four foreign shareholders, instructed the company to hold the funds received from the rights issue in an escrow account for now. The next hearing on the matter is scheduled for April 23,” the statement said.

The group of four investors — Prosus, General Atlantic, Sofina, and Peak XV — along with support from other shareholders, including Tiger and Owl Ventures, had approached the NCLT against the EGM.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

"If Suffering Deemed Our Right…": Kuki-Zo Groups Call For Polls Boycott

'If Suffering Is Deemed Our Right...': More Kuki-Zo Groups Call For Election Boycott In Manipur

Two “village defence volunteers” were killed in Manipur’s Kangpokpi, Kuki-Zo groups have said

Imphal/Guwahati:

The Kuki National Assembly (KNA) has condemned the killing of two “village defence volunteers” in Manipur’s Kangpokpi district on Saturday, allegedly by an armed group from the valley. The KNA appealed to the Kuki-Zo tribes not to vote in the Lok Sabha elections in protest against what it called atrocities against the tribes.

In a statement, the KNA alleged the Arambai Tenggol, supported by forces, attacked Kangpokpi’s Phailengmol area and killed the two “village defence volunteers”.

“… If suffering is deemed our right in India, then we choose not to participate in the Indian parliament elections,” the KNA said in a statement signed by its spokesperson Mangboi Haokip.

Armed groups in both sides call themselves “village defence volunteers”, a definition of the belligerents in Manipur that has become the most controversial since nothing stops these “volunteers” from killing under the insurance provided by “in self-defence”, and in the absence of any monitoring or accountability.

“It is disheartening that Indian forces, capable of preventing and countering threats from China and Pakistan, have failed to protect innocent citizens… This has led to a loss of faith in the Indian Constitution and its claim to being the world’s largest democracy,” Mr Haokip said.

“In light of the apathy shown towards the minority Kuki ethnic people in Manipur, we feel compelled to abstain from voting in the 2024 Lok Sabha elections to express our anguish towards the Indian leadership,” he said.

The KNA alleged the forces gave covering fire for the Arambai Tenggol before they attacked the hill and killed the two “village defence volunteers”.

Mr Haokip alleged the bodies were mutilated and dragged on a road. Graphic visuals purportedly of this incident have appeared on social media.

“We urge every Kuki-Zo ethnic person to support the election boycott resolution passed by the Kuki Inpi Manipur and other intellectual groups. This boycott serves as a means to convey our pain and suffering to India and the world,” Mr Haokip said.

The KNA joins a long list of Kuki-Zo groups that have called a boycott of the Lok Sabha elections. The Global Kuki-Zomi-Hmar Women community, a group of Kuki-Zo women, including journalists, social workers, former Outer Manipur MP Kim Gangte and leaders of the Kuki-Zomi-Hmar women’s forums in Delhi, had written to Chief Election Commissioner Rajiv Kumar informing him of their decision to boycott the polls.

In a statement issued on Saturday, the Kuki-Zo group Indigenous Tribal Leaders’ Forum (ITLF) said, “Central security forces are deployed to maintain peace and remain neutral, but their actions today have raised many questions ahead of the Lok Sabha election.”

Valley Civil Society Groups’ Allegations

Valley civil society organisations have made counter-allegations that farmers who had gone to the hills to collect firewood were tortured, killed and mutilated by armed groups that are holed up in bunkers.

One of them lying with his face towards the ground was hit with a spade on his neck before he was shot multiple times from point-blank range with an assault rifle, shows a purported video of the killing in January. Anyone from the valley going near the foothills for farming are shot without provocation, civil society organisations have alleged.

The ethnic violence in Manipur over cataclysmic disagreements on land, resources, political representation, and affirmative action policies has dragged on for 11 months now. Over 210 were killed in the violence and more than 50,000 were internally displaced.

"If Suffering Is Deemed Our Right…": More Kuki-Zo Groups Call For Election Boycott In Manipur

'If Suffering Is Deemed Our Right...': More Kuki-Zo Groups Call For Election Boycott In Manipur

Two “village defence volunteers” were killed in Manipur’s Kangpokpi, Kuki-Zo groups have said

Imphal/Guwahati:

The Kuki National Assembly (KNA) has condemned the killing of two “village defence volunteers” in Manipur’s Kangpokpi district on Saturday, allegedly by an armed group from the valley. The KNA appealed to the Kuki-Zo tribes not to vote in the Lok Sabha elections in protest against what it called atrocities against the tribes.

In a statement, the KNA alleged the Arambai Tenggol, supported by forces, attacked Kangpokpi’s Phailengmol area and killed the two “village defence volunteers”.

“… If suffering is deemed our right in India, then we choose not to participate in the Indian parliament elections,” the KNA said in a statement signed by its spokesperson Mangboi Haokip.

Armed groups in both sides call themselves “village defence volunteers”, a definition of the belligerents in Manipur that has become the most controversial since nothing stops these “volunteers” from killing under the insurance provided by “in self-defence”, and in the absence of any monitoring or accountability.

“It is disheartening that Indian forces, capable of preventing and countering threats from China and Pakistan, have failed to protect innocent citizens… This has led to a loss of faith in the Indian Constitution and its claim to being the world’s largest democracy,” Mr Haokip said.

“In light of the apathy shown towards the minority Kuki ethnic people in Manipur, we feel compelled to abstain from voting in the 2024 Lok Sabha elections to express our anguish towards the Indian leadership,” he said.

The KNA alleged the forces gave covering fire for the Arambai Tenggol before they attacked the hill and killed the two “village defence volunteers”.

Mr Haokip alleged the bodies were mutilated and dragged on a road. Graphic visuals purportedly of this incident have appeared on social media.

“We urge every Kuki-Zo ethnic person to support the election boycott resolution passed by the Kuki Inpi Manipur and other intellectual groups. This boycott serves as a means to convey our pain and suffering to India and the world,” Mr Haokip said.

The KNA joins a long list of Kuki-Zo groups that have called a boycott of the Lok Sabha elections. The Global Kuki-Zomi-Hmar Women community, a group of Kuki-Zo women, including journalists, social workers, former Outer Manipur MP Kim Gangte and leaders of the Kuki-Zomi-Hmar women’s forums in Delhi, had written to Chief Election Commissioner Rajiv Kumar informing him of their decision to boycott the polls.

In a statement issued on Saturday, the Kuki-Zo group Indigenous Tribal Leaders’ Forum (ITLF) said, “Central security forces are deployed to maintain peace and remain neutral, but their actions today have raised many questions ahead of the Lok Sabha election.”

Valley Civil Society Groups’ Allegations

Valley civil society organisations have made counter-allegations that farmers who had gone to the hills to collect firewood were tortured, killed and mutilated by armed groups that are holed up in bunkers.

One of them lying with his face towards the ground was hit with a spade on his neck before he was shot multiple times from point-blank range with an assault rifle, shows a purported video of the killing in January. Anyone from the valley going near the foothills for farming are shot without provocation, civil society organisations have alleged.

The ethnic violence in Manipur over cataclysmic disagreements on land, resources, political representation, and affirmative action policies has dragged on for 11 months now. Over 210 were killed in the violence and more than 50,000 were internally displaced.

IPL Points Table: What Loss vs SRH Means For Virat's RCB In Playoff Race

IPL 2024 Points Table: RCB lost to SRH by 25 runs© AFP

IPL 2024 Points Table:Royal Challengers Bengaluru slumped to their sixth loss in seven matches and as a result, the road to IPL 2024 playoffs got much tougher for the Faf Du Plessis-led side. RCB were outplayed completely by Sunrisers Hyderabad, who registered the highest team total in the history of the competition on Monday. Travis Head slammed a brilliant century to take SRH to a record 287/3 in 20 overs before Pat Cummins took three wickets to guide his team to victory. Following the loss, RCB remained last in the points table with just 2 points and a horrible NRR (Net Run Rate) of -1.185. That means RCB have no other choice but win all of their remaining matches in IPL 2024 and hope for other results to go their way if they want to qualify for the playoffs.

On the other hand, SRH strengthened their spot in the Top 4 with 8 points.

Rajasthan Royals remain at the top of the table with 10 points followed by Kolkata Knight Riders and Chennai Super Kings – two teams who also have 8 points but better NRR than SRH.

Latest and Breaking News on NDTV

Travis Head’s destructive hundred fused splendidly with skipper Pat Cummins’ resolve as Sunrisers Hyderabad registered a well-crafted 25-run victory over Royal Challengers Bengaluru.

Head’s maiden T20 hundred (102, 41b, 9×4, 8×6) and Heinrich Klaasen‘s pillaging 67 (31b, 2×4, 7×6) drove Sunrisers to a record-breaking 287 for three, also going past their own 277/3 against Mumbai Indians at Hyderabad this March 27.

The visiting bowlers led by Cummins (3/43) showed superb skill level on a barren pitch, something their counterparts lacked, to restrict RCB to 262 for seven. This IPL match also witnessed the highest cumulative runs scored –549 in any single T20 match.

Skipper Faf du Plessis (62, 28b, 7×4, 4×6) and the super-improvising Dinesh Karthik (83, 35b, 5×4, 7×6) played fine hands but on the night they ended as mere footnotes.

(With PTI inputs)

Topics mentioned in this article

Opinion: Classwork, Homework and Housework

The housework that a student does should also be given due academic credit as it imparts skill that forms part of learning process

Published Date – 15 April 2024, 11:56 PM


Opinion: Classwork, Homework and Housework


By KSS Seshan

The secondary school phase in the hierarchy of the educational system today is midway between the primary stage and the higher educational system. Lower Kindergarten (LKG) to 5th grade form a part of the primary level classes while 6th-10th grade comes under secondary school and above it is broadly categorised as the higher educational level. The higher educational phase has three segments. While Plus-two, also known as Intermediate, is the first, the degree course at the collegiate level is the second and the third is the postgraduate course under the University level. Of the primary, secondary and higher educational levels, secondary school has greater significance as it is the single deciding phase of the future course of education of the children.


Secondary School
When the child comes to the 6th grade, the entry point to the secondary school, s/he is generally about 10 years of age. From then on till about the 15th year, the child navigates through this phase before moving on to the Plus 2 stage. This is the stage when the child is metamorphosed into a young adult with visible signs of physical, mental and emotional transformation. The rapid growth both in physical and mental makeup also leads to psychological maturity. The child exhibits independent traits that ultimately lead to increasing individualism.

The secondary school level also witnesses a major transformation in the methods and contents of the curriculum. At the primary level, most of the learning process is around teachers and the classroom plays a pivotal role. However, at the collegiate and higher educational levels, it is more about the personal effort, interest and enthusiasm of students. Secondary schooling can broadly be said to possess three main channels of educational curriculum: classwork, homework and housework.

Classroom Learning
The teachers, unlike at the primary level, are subject specialists in secondary schools. There are separate teachers for Mathematics, Sciences and Social Studies. Classroom explanation through the teacher serves as the basis for the learning of the child, without which it will be a futile exercise for a secondary school student.

Classroom learning also involves practical classes in subjects like Physics, Chemistry and Biology. This reinforces the theory studied in the book and the students are endowed with greater conviction about the truth they study in the textbook. In Social Studies too, visits to historical places, public buildings and institutions help in understanding history, geography and polity better.

Homework
Divergent views have been expressed by many on the need, quantum, relevance and efficacy of homework as a part of learning that a child at the secondary school level should carry daily. The basic aim of the ‘homework’ is to reinforce and concretise the classroom work the child already is introduced to. Unfortunately, this essential purpose of homework is overlooked and “assignments” not related to the classwork are assigned to children only to keep them engaged in some activity at home.

It is well known that homework many a time turns out to be the work for the parents. The deadlines become such nightmares for students that they get frustrated, stressed, and as a few recent studies have pointed out, children tend to develop behavioural problems.

To overcome the problems of perennial homework, in recent times, technology has come in handy. Any assignment given by teachers has a solution in Google Search and students even in remote village schools are adept at making use of smartphones to do the daily dose of homework. Instant messaging, photostat making, forwarding solved formulas and sharing answers among friends etc have made homework easy, quick and efficient. Parents are happy as they are now a relieved lot. Those who have no access to smartphones and the internet are the ones who face the wrath of the teachers when they fail to do homework. The secret of doing regular homework is pasting from Google without any mental effort on the part of students.

Housework
The most contentious but generally overlooked and unrecognised task that secondary school-level students directly or indirectly engage on a daily basis is the housework. They have some obligation to attend to as a responsible growing member of the family. While in affluent families, servants may be assigned every chore, children in middle and lower-middle-class families have several odd tasks to perform on a daily basis. Starting with getting a milk packet from the nearby kiosk to dropping a guest at the bus stop, several such works are generally the duties of a schoolgoing lad. Similarly, girls are expected to help in the kitchen.

However, for children in the villages and remote rural areas, the housework they generally attend to is more intense and has a strong bearing on the family avocation. For the children in the agricultural families, for example, numerous responsibilities get lined up on each single day. It is an unwritten rule that boys and girls in the family have to clean the cowshed, feed the cattle, take them out to graze and attend to the small but constant regular tasks connected to agriculture, horticulture or animal husbandry. Similar is the case with the families of artisans, businessmen or farm hands.

The housework for an urban child as well as a rural ward though vastly varies in nature, the fact remains that the task does exist and due credit is to be given for the discharge of this task. These household works in a way equip them with practical knowledge leading to skill development in those avocations. While the project work of students, done from the readily available ‘Google’, carries a considerable credit in the evaluation of their performance, it is strange that the time, energy and interest invested in the housework by the young students go unrecognised.
In short, the housework that a student does should also be given due academic credit as it also imparts skill development that forms part of the learning process.

Educational experts and planners who gloat about the features of the New Educational Policy (NEP) should give a thought to the nature of the numerous tasks like the classwork, homework and housework that an average secondary schoolgoing student is expected to perform and due credit should be assigned to all such tasks, with a balance. The performance of the children in academics should be assessed on such multi-tasking methods and not merely on the type of answers dished out at the year-end board examinations.

Kss Seshan

(The writer is a retired Professor of history, University of Hyderabad)

IPL Points Table: What Loss vs SRH Means For Virat's RCB In Playoff Race

IPL 2024 Points Table: RCB lost to SRH by 25 runs© AFP

IPL 2024 Points Table:Royal Challengers Bengaluru slumped to their sixth loss in seven matches and as a result, the road to IPL 2024 playoffs got much tougher for the Faf Du Plessis-led side. RCB were outplayed completely by Sunrisers Hyderabad, who registered the highest team total in the history of the competition on Monday. Travis Head slammed a brilliant century to take SRH to a record 287/3 in 20 overs before Pat Cummins took three wickets to guide his team to victory. Following the loss, RCB remained last in the points table with just 2 points and a horrible NRR (Net Run Rate) of -1.185. That means RCB have no other choice but win all of their remaining matches in IPL 2024 and hope for other results to go their way if they want to qualify for the playoffs.

On the other hand, SRH strengthened their spot in the Top 4 with 8 points.

Rajasthan Royals remain at the top of the table with 10 points followed by Kolkata Knight Riders and Chennai Super Kings – two teams who also have 8 points but better NRR than SRH.

Latest and Breaking News on NDTV

Travis Head’s destructive hundred fused splendidly with skipper Pat Cummins’ resolve as Sunrisers Hyderabad registered a well-crafted 25-run victory over Royal Challengers Bengaluru.

Head’s maiden T20 hundred (102, 41b, 9×4, 8×6) and Heinrich Klaasen‘s pillaging 67 (31b, 2×4, 7×6) drove Sunrisers to a record-breaking 287 for three, also going past their own 277/3 against Mumbai Indians at Hyderabad this March 27.

The visiting bowlers led by Cummins (3/43) showed superb skill level on a barren pitch, something their counterparts lacked, to restrict RCB to 262 for seven. This IPL match also witnessed the highest cumulative runs scored –549 in any single T20 match.

Skipper Faf du Plessis (62, 28b, 7×4, 4×6) and the super-improvising Dinesh Karthik (83, 35b, 5×4, 7×6) played fine hands but on the night they ended as mere footnotes.

(With PTI inputs)

Topics mentioned in this article

Hearzap opens its 100th store in city

Our mission at Hearzap is to equip individuals with the knowledge and confidence to take charge of their hearing health, and our half-acentury long legacy is a testament to this.

Updated On – 16 April 2024, 12:29 AM


Hearzap opens its 100th store in city

Our mission at Hearzap is to equip individuals with the knowledge and confidence to take charge of their hearing health, and our half-acentury long legacy is a testament to this.

Hyderabad: Hearzap, the chain of hearing clinics that promises to offer holistic hearing care solutions, launched its 100th store at Jubilee Hills on Sunday.

The flagship store of Hearzap, which was inaugurated by former CEO of Siemens Hearing Instruments, SK Sharma in the presence of Hearzap’s founder and managing director S Raja, is equipped with a unique physical hearing experience. Speaking on the occasion, S Raja said, “Attaining the milestone of 100 stores is a testament to our unwavering dedication and commitment to revolutionising hearing care in India.


Our mission at Hearzap is to equip individuals with the knowledge and confidence to take charge of their hearing health, and our half-acentury long legacy is a testament to this.

Our hearing experience stores are designed to give a holistic and interactive approach to our customers.”

"Good Morning, Mr Trump": Criminal Trial In Hush Money Case Begins

'Good Morning, Mr Trump': Criminal Trial In Hush Money Case Begins

Trump did not disrupt largely technical proceedings as he has done in other cases.

New York:

“Good morning, Mr Trump.”

The innocuous greeting from a New York judge belied the grim expression on Donald Trump’s face as he sat flanked by his lawyers in the Manhattan Criminal Courts Monday. 

While his legal team tussled with the prosecution over what evidence could be admitted, the first former US president to face a criminal trial listened intently and — barring a few words spoken in response to Judge Juan Merchan — silently.

The case, which could prove enormously consequential for both Trump and the country, is being heard in courtroom 1530 inside an imposing, scaffolding-clad Art Deco courthouse on New York City’s Centre Street.

Trump wore his signature red tie with a white shirt, dark blue suit and a US flag lapel pin as Merchan declared the trial open.

The 45th president fixed the magistrate with a defiant look, having accused him of being “corrupt” on his Truth Social platform after Merchan declined repeated calls from the defence to recuse himself.

“We want justice to be done, that’s all we want,” said the judge.

The case is scheduled to last up to two months and centers on payments made to former adult film star Stormy Daniels as Trump closed in on his 2016 election win.

– ‘Political persecution’? –

Trump did not disrupt largely technical proceedings as he has done in other cases.

That includes his civil fraud trial, heard in a nearby courthouse, that resulted in a $355 million civil penalty that he is appealing.

Time may be against Trump, who is campaigning to dislodge President Joe Biden from the White House at November polls, as jury selection alone could take up to two weeks. 

More than 100 prospective jurors will be present in court at any one time from a pool of 500.

Trump regularly conferred with the lawyers seated either side of him, shaking his head irritably when prosecutors made comments with which he disagreed.

“It’s true,” he muttered at one point in response to an audio tape of him boasting about how well he treats women.

However, he did not react when the now-infamous clip of him describing grabbing women by their genitals was played by prosecutors.

Before sitting down and crossing his hands at a brown wooden table where his lawyers spread out their files, the presumptive Republican candidate for the 2024 presidential election set the tone for the trial.

This is an “assault on America” and “political persecution”, railed the 77-year-old billionaire who could face prison if convicted.

“It’s a country that’s failing, it’s a country that’s run by an incompetent man and is very much involved in this case,” Trump said. “This is really an attack on a political opponent, that is all it is, so I’m very honored to be here.”

Moments later, five photographers were ushered in to capture the unprecedented scene — a former president seated at the defendant’s table.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

5 Dead, Many Injured After Kolkata-Bound Bus Falls From Bridge In Odisha

5 Dead, Many Injured After Kolkata-Bound Bus Falls From Bridge In Odisha

Five people, including a woman, died and several others are reported injured after a Kolkata-bound bus fell from a bridge in Odisha’s Jajpur district on Monday evening, police said. 

The accident took place around 9 pm on Barabati bridge on National Highway-16, when the bus with 40 passengers was en route to Kolkata from Puri.

Jajpur’s Superintendent of Police, a team of doctors and other district administration officials are at the accident spot to supervise the rescue operations.

The fire personnel rescued the injured using gas cutters.

Chief Minister Naveen Patnaik condoled the deaths and announced a compensation of Rs 3 lakh each for the families who lost a loved one. 

45% of doctors prescriptions incomplete: ICMR study

Of the 4,838 prescriptions collected, 475 (which is 9.81%) had unacceptable deviations and the total number of drugs prescribed in these prescriptions was 1,696, which accounted for 3.5 drugs per prescription, the study said.

Updated On – 16 April 2024, 12:25 AM


45% of doctors prescriptions incomplete: ICMR study


Hyderabad: In a troubling trend, a country-wide study in government tertiary hospitals, taken up by the Indian Council of Medical Research (ICMR), has indicated that nearly half of the doctors give incomplete prescriptions to patients, which is a major risk to patient safety.

The ICMR study titled ‘Evaluation of prescription of tertiary care hospitals across India for deviations from treatment guidelines and their potential guidelines’, published in the Indian Journal of Medical Research (February 2024), said that 45 per cent of the doctors in such healthcare facilities (government and private) give an incomplete prescription of which 10 per cent of the prescriptions have totally unacceptable deviations.


“The overall prevalence of deviations found was 45 per cent of which unacceptable deviations were estimated to be 9.8 per cent. To minimise the deviations, clinicians recommended online training on rational prescribing and administrative directives as potential interventions,” the ICMR study, which examined 4,838 prescriptions of which the deficiencies were found in 2,171 prescriptions, said.

Of the 4,838 prescriptions collected, 475 (which is 9.81%) had unacceptable deviations and the total number of drugs prescribed in these prescriptions was 1,696, which accounted for 3.5 drugs per prescription, the study said.

The potential cost or risk to the patients due to these incomplete prescriptions could be increased cost to the patients, probability of an increase in the number of Adverse Drug Reactions (ADR) and drug interactions, development of Anti Microbial Resistance (AMR) due to drug abuse and even possibility of treatment of failure, the study pointed out.

In the study, outpatient prescriptions by physicians of various specialities in tertiary care, teaching government and private hospitals across India were analysed. Prescriptions of eligible patients exiting from OPD or hospital pharmacy were captured and analysed the prescriptions for appropriateness.

The most common drug prescribed inappropriately in the prescriptions with unacceptable deviations was pantoprazole.

The potential consequence of unacceptable deviations reported by the clinician was the increased cost of treatment.

To minimise the deviations, clinicians recommend timely prescription review and implementing continuous educational interventions on rational prescribing, the ICMR study said.