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Byju's to raise $200 million through equity rights issue at $250 million valuation

Byju's is looking to raise up to $200 million in funding through equity rights issue at an enterprise valuation in the range of $220-250 million. The company is planning to offer equity at this low valuation only for this tranche of issue, said sourced quoted by PTI.

“The board of Think and Learn Private Limited (TLPL) today launched the raising of funds USD 200 million by way of a rights issue to all its equity shareholders to support its ongoing efforts to drive growth and achieve operational sustainability,” the ed-tech platform said in a statement.

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Hrithik Roshan, Deepika Padukone's 'Fighter' Roars At The Box Office, Touches Rs 100 Crore In 3 Days

Siddharth Anand's Fighter has been released on the big screens and has drenched the nation in a sheer fervor of patriotism with a perfect blend of action. This has made the film set its strong hold at the box office. Having registered the opening of 24.60 Cr., the film witnessed a historic growth and raked in 41.60 Cr. on day 2. Having collected great reviews, the film continued to grow on the 3rd day with a collection of 27.60 Cr. 

783

Budget 2024: Will new income tax regime get another boost

The new income tax regime received a host of benefits in the Union Budget 2023-24, and it could further get a boost in the upcoming Interim Budget set to be presented on February 1. 

Introduced in the Union Budget 2020-21, the new tax system became the default option from

Last year Finance Minister Nirmala Sitharaman made some adjustments, reducing the surcharge for higher-income individuals and allowing a standard deduction of Rs 50,000. 

The new income tax regime could get further boosts. 

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Padma Bhushan for Foxconn CEO Young Liu

The Central government on Thursday awarded Padma Bhushan to Young Liu, the 66-year-old Chief Executive Officer (CEO) and Chairman of Taiwanese technology giant Hon Hai Precision Industry Co., commonly known as Foxconn.

According to the official website of the Foxconn Technology Group, Liu is a recognised entrepreneur and innovator with over four decades of industry experience.

He also founded three companies-- a motherboard company in 1988 known as Young Micro Systems; a northbridge and southbridge IC design company in 1995 focused on the PC chipset and an ITE Tech and an ADSL IC design company, ITeX in 1997.

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Leaked documents reveal Google's lofty plans for AI this year, may launch the most powerful AI yet

Google believes 2024 is going to be the year in which they will launch one of the biggest and most powerful AI models to have ever existed. This is also the year, they plan, where they take on OpenAI and establish themselves as the leader in generic software solutions.

In the year 2023, the artificial intelligence landscape experienced a rapid surge, fueled by the success of OpenAI’s ChatGPT.

This triumph initiated an AI arms race, witnessing tech giants like Meta, Google, and Microsoft competing fervently to establish themselves as leaders in the field. OpenAI continued to maintain its lead, but recent leaks suggest that Google is aggressively pursuing the goal of delivering the world’s most advanced, safe, and responsible AI.