The Supreme Court has allowed Aakash Educational Services to proceed with its rights issue. This fundraising move was challenged by Byju’s bankrupt parent company, Think & Learn. The court asked Think & Learn to subscribe to the shares by next Monday. Aakash Educational Services assured the court that Think & Learn’s shareholding would be protected.
Banks seek RBI clarity on forex hedge curbs, warn rules may hit genuine trade flows amid delays
Banks are urging the Reserve Bank of India for clarity on forward contract rules. Recent RBI directives aimed at curbing speculation could impact genuine trade