Byju’s in talks to sell US unit Epic for $400 million to Joffre
The potential sale of Epic! Creations Inc. would help Byju’s raise funds to pay down a disputed $1.2 billion term loan, people familiar with the matter said. Other bidders, including Duolingo Inc., have also expressed interest in buying the platform, they said, asking not to be named as the information isn’t public.
IL&FS plans sale of some road assets as InvIT transfer faces hurdles
IL&FS had plans to transfer around a dozen road assets to the InvIT, Roadstar Infra Investment Trust (RIIT). While it has already transferred five of the assets, the transfer of another five is delayed due to legal challenges by lenders and other issues. The process of transferring one asset is progressing, while it has excluded […]
India regains the second spot on MSCI EM index
India now has a weighting of 15.5% on the MSCI Emerging Market Index (EM), compared with 15.11% for Taiwan. India’s weighting has climbed from 12.97% end-January, when Taiwan’s weighting was 14.42%.
D-Street indices gain nearly 1% on Fed signal, fall in US bond yields
BSE’s Sensex gained 594.91 points, or 0.92%, to close at 64,958. NSE’s Nifty rose 181 points or 0.94% to end at 19,411.