Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Qatar Investment Authority Moves HC to Seek Arbitral Award From Byju's
The New Indian Express Bengaluru
|August 26, 2025
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
This story is from the August 26, 2025 edition of The New Indian Express Bengaluru.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The New Indian Express Bengaluru
The New Indian Express Bengaluru
Zomato parent co Eternal gets ₹128 cr GST demand
ETERNAL Limited, the company formerly known as Zomato Limited, disclosed in a regulatory filing on Saturday that it has received a significant goods and services tax (GST) demand order totalling about ₹128.35 crore from tax authorities in Uttar Pradesh.
1 min
October 20, 2025
The New Indian Express Bengaluru
Bhagwat calls for freeing minds from influence of Macaulay edu system
RSS chief Mohan Bhagwat, speaking on Sunday in Mumbai at the launch event of the volume Arya Yug, highlighted the significance of the Arya era and asserted that Indians (Aryans) had historically travelled across the world, maintaining good communication channels.
1 mins
October 20, 2025
The New Indian Express Bengaluru
Giriraj sparks rows with remarks on Muslims, says ‘their votes not required’
UNION minister and BJP firebrand leader Giriraj Singh has once again courted controversy by terming the minority community ‘namak haraams’ (ungrateful) and contended that he does not need their votes to win the election.
1 min
October 20, 2025
The New Indian Express Bengaluru
STATES DIRECTED TO SNUFF OUT BONDED LABOUR, TRAFFICKING
THE Ministry of Labour and Employment (MoLE) has directed all states and Union Territories to intensify action against interstate human trafficking and bonded labour, following mounting concerns over slow progress in rehabilitation efforts.
1 min
October 20, 2025
The New Indian Express Bengaluru
Diwali a month-long affair in U’khand as residents set to celebrate Mangseer
WHILE the rest of India concludes its Diwali celebrations on Bhai Dooj, the mountain state of Uttarakhand keeps the festive spirit—and the lamps—burning for nearly a full month.
1 mins
October 20, 2025
The New Indian Express Bengaluru
Prasar Bharati to monetise TV, radio archives
Policy encourages use of new-age tools
1 mins
October 20, 2025
The New Indian Express Bengaluru
Emirates NBD to buy 60% in RBL Bank for $3 bn
IN one of the largest-ever FDI in Indian financial services sector, UAE-based Emirates NBD Bank and RBL Bank Limited has announced that their respective Boards have approved definitive agreements for ENBD to acquire a controlling stake in RBL Bank through a primary capital infusion of about $3 billion (26,850 cr).
2 mins
October 20, 2025
The New Indian Express Bengaluru
NEED ORGAN, TISSUE DONATION TEAMS IN ALL HOSPITALS
ALL hospitals in India should have dedicated teams to counsel families of potential organ and tissue donors, the Centre said in a communication to all states.
1 min
October 20, 2025
The New Indian Express Bengaluru
Op Sindoor on till objectives achieved, says Army Chief
ARMY Chief General Upendra Dwivedi has announced that the ongoing military action, dubbed ‘Operation Sindoor 1.0,’ has not ceased, although the firing has paused temporarily.
1 mins
October 20, 2025
The New Indian Express Bengaluru
WHY YOU NEED TO BUILD A WAR CHEST NOW
HERE are warning signs all around. Despite trade wars and geopolitical tensions, the relative calm in asset prices is disturbing. Equity assets and gold prices do not rally or fall in tandem. The dramatic surge in gold prices over the past year indicates a risk in financial markets. It is not just gold.
2 mins
October 20, 2025
Listen
Translate
Change font size