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Qatar Investment Authority Moves HC to Seek Arbitral Award From Byju's
August 26, 2025
|The New Indian Express Bengaluru
THE Qatar Investment Authority (QIA) has moved the Karnataka High Court against BYJU's founder Byju Raveendran and his investment vehicle Byju's Investment (BIPL) to collect an arbitral award of $235 million (nearly ₹2,060 crore) for allegedly misusing funds.
The QIA, through its subsidiary Qatar Holding LLC, alleged that the funds were used to acquire 1,78,91,289 shares of Aakash Education Services, and there was an express restriction against transferring those shares. It further alleged that in breach of the agreement, the shares were later transferred to another Singapore-based corporate entity controlled by Raveendran, said a press statement from QIA. The
هذه القصة من طبعة August 26, 2025 من The New Indian Express Bengaluru.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من The New Indian Express Bengaluru
The New Indian Express Bengaluru
EC Seeks Proof on Congress' 89L Objections
The Congress on Sunday alleged that the Election Commission dismissed around 89 lakh complaints of irregularities flagged by its booth-level agents (BLAs) during the Special Intensive Revision (SIR) of electoral rolls in Bihar.
1 min
September 01, 2025
The New Indian Express Bengaluru
Holder Sinner and Swiatek in last 16
JANNIK Sinner kept his US Open title defence on track Saturday as Iga Swiatek struggled through to the last 16 and home favourite Coco Gauff booked a blockbuster clash with Naomi Osaka.
1 mins
September 01, 2025
The New Indian Express Bengaluru
States/UTs Told to Update Changes to Redraw Urban Map Ahead of Census '27
INDIA's urban map is set to reflect the present-day reality by capturing the existing facilities, as the Office of the Registrar General and Census Commissioner of India (ORGI) has shared a set of proforma with states and Union Territories (UTs) to update the changed composition of 'Urban Agglomerations' as part of a soon-to-be-launched exercise for Census 2027.
1 min
September 01, 2025
The New Indian Express Bengaluru
Norway Chooses British Warships To Counter Russian Threat
10 BN Pounds Deal
1 mins
September 01, 2025
The New Indian Express Bengaluru
Reigniting Ooru's Shelf Life
Architect Naresh V Narasimhan's BLR Design Centre opened BLR Reads this weekend — a public library space meant for those interested in learning about the city's urban history and culture
1 mins
September 01, 2025
The New Indian Express Bengaluru
Film Producer Booked for Assault, Casteist Abuse
Woman attacked over land dispute
1 min
September 01, 2025
The New Indian Express Bengaluru
India's rivers may flood together, even if far apart, finds IISc study
INDIA is the second-most flood-prone country in the world, according to the National Remote Sensing Centre, ISRO.
1 mins
September 01, 2025
The New Indian Express Bengaluru
COMEDY, FREE SPEECH, AND THE LAW
The quality of the content offered by influencers of our time might often be questionable. Yet, it is one thing to acknowledge this issue, and quite another to call for a law to 'set it right'
4 mins
September 01, 2025
The New Indian Express Bengaluru
GP Prez Married to Minor? Plaint Filed
A police complaint has been filed against the president of Bassapur Gram Panchayat in Hukkeri taluk of Belagavi district for allegedly marrying a 15-year-old girl.
1 min
September 01, 2025
The New Indian Express Bengaluru
Techie Dies After Juvenile Russell's Viper in Slipper Bites Him
A 41-year-old software professional died after he was bitten in the toe by a Russell's viper that was hiding inside his clog slipper. The baby snake too died of suffocation as the techie walked wearing the slipper for nearly 30 minutes without sensing any sting from the snake bite.
1 min
September 01, 2025
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