Hyderabad-based education focused group Narayana, which runs hundreds of schools, colleges and coaching classes across the country, is looking to buy out private equity investors Morgan Stanley Private Equity Asia and BanyanTree Finance from its group firm Nspira Management Services for approximately Rs1400 crore, sources aware of the group's plans told media.
Morgan Stanley PE and BanyanTree invested $75 million in Nspira in 2018, with Morgan Stanley leading the round with a $67 million cheque. The two private equity investors currently hold a 20% stake in Nspira. Morgan Stanley holds a little over 18% stake with BanyanTree holding the rest.

Taiwan's Foxconn said on July 10 that it is pulling out of a joint venture with billionaire Anil Agarwal-led Vedanta Ltd that was set up to produce semiconductors from India.

Foxconn and Vedanta signed a pact last year to invest $19.5 billion to set up semiconductor and display production plants in the western state of Gujarat, seeking to tap into the country's plans to become an electronics major.

In a statement, the electronic major said, "Foxconn is working to remove the Foxconn name from what now is a fully-owned entity of Vedanta. Foxconn has no connection to the entity and efforts to keep its original name will cause confusion for future stakeholders."

The Indian Railways has announced that it is slashing ticket fare for AC Chair Car and Executive Classes for trains by a maximum of 25 per cent. The fare cut is going to be implemented with immediate effect.

The Railways introduced this discount scheme in AC Chair Car and Executive Classes of all trains having AC Sitting Accommodation including Anubhuti and Vistadome Coaches. However, other charges as applicable shall be levied separately.

Richard Waters There is an iron law of social networks: No new network can succeed by simply copying what came before. 

It takes something different to captivate attention and spark new forms of behaviour, whether that is Snapchat’s disappearing messages, Pinterest’s image boards or TikTok’s scrolling videos. Judged by that standard, Threads, the new Twitter challenger Meta launched this week, should be dead on arrival. A standalone app billed as an extension of Instagram, Threads is a bare-bones take on a...

In what could come as good news for passengers, the railway ministry has decided to review the fares of Vande Bharat Express trains that have low occupancy rate. The move is aimed at making such trains affordable for people, sources said.

Officials said the rationalisation will be only for specific routes. They added that there is a possibility of around 5-10% reduction in the fares of some of these premier trains that cover shorter distances of around 200-300 km and where Shatabdi trains are also in operation.