SpiceJet to seek ₹450 cr refund from former promoter Maran
Business Standard|May 23, 2024
Maran dismisses airline's claim, says Delhi HC made no comments on refund
DEEPAK PATEL
SpiceJet to seek ₹450 cr refund from former promoter Maran

Last year, Ajay (name changed), an employee at the beleaguered edtech giant Byju's, purchased a house in Mumbai for over 1 crore as a gift for his parents. He took a loan of about 75 lakh from a bank on EMI (equated monthly installment). However, a few months after the deal, Byju's handed him the pink slip.

He had to sell off his property at a lower price last year and relocate to his previous accommodation at a chawl.

"It was a middle-class boy's dream to gift a home to his parents and get them out of the chawl in Mumbai," said Ajay.

He was also forced to go from pillar to post to get the provident fund, gratuity, and the full and final compensation. He still has not been able to get that amount from the company. When I called the human resources department, they abused me," Ajay alleged.

هذه القصة مأخوذة من طبعة May 23, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة May 23, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

المزيد من القصص من BUSINESS STANDARD مشاهدة الكل
Business Standard

Indian sports beyond the boundary

Little has been written about Indian sport, and practically nothing about the governance challenges as sport is powered by commerce.

time-read
3 mins  |
June 15, 2024
Expansion of Ayushman Bharat a priority
Business Standard

Expansion of Ayushman Bharat a priority

Expansion of Ayushman Bharat Yojana to cover everyone aged above 70 years, launch of the National Health Claims Exchange (NHCX) and a special drive against tobacco use among youngsters were among the top agenda items discussed during the first high-level meeting chaired by Union Minister of Health and Family Welfare, JP Nadda on Friday.

time-read
1 min  |
June 15, 2024
MAKING A RACQUET
Business Standard

MAKING A RACQUET

At long last, India has a player in the top 100 ATP rankings. But can Indian tennis match the success of badminton?

time-read
5 mins  |
June 15, 2024
Will rural consumers roar?
Business Standard

Will rural consumers roar?

\"Rural FMCG growth overtakes urban after 5 quarters,\" read the headline (Business Standard, May 8, 2024).

time-read
3 mins  |
June 15, 2024
Business Standard

MFS or NPS? Go for both if you don't mind latter's lock-in

If one were to compare the category average returns of Tier-I equity plans of the National Pension System (NPS) with the direct plans of largecap mutual funds (MFS), the latter have a small edge currently.

time-read
2 mins  |
June 15, 2024
Ambuja eyes more buys after Penna deal
Business Standard

Ambuja eyes more buys after Penna deal

Adani Group aims to become leader in cement sector in 4 years

time-read
2 mins  |
June 15, 2024
Business Standard

Sensex, Nifty hit lifetime highs

Benchmark equity indices Sensex and Nifty hit their new closing lifetime highs on Friday, following buying in market heavyweights HDFC Bank, Reliance Industries and Mahindra & Mahindra amid encouraging export data.

time-read
1 min  |
June 15, 2024
Business Standard

Short-term margin overhang likely for Tata Communications

The management of Tata Communications presented its product-to-platform strategy and explained how it hopes to grow its new products and portfolios, and geographies.

time-read
2 mins  |
June 15, 2024
Business Standard

CLSA sees further rerating scope in Vedanta

Shares of Vedanta rose as much as 2.8 per cent on Friday after the Hong Kong-based brokerage CLSA in a report said there was scope for further re-rating for the stock.

time-read
1 min  |
June 15, 2024
Business Standard

Abrdn favours Chinese, Indian stocks on policy boost hopes

Abrdn Plc prefers Chinese and Indian stocks over their Japanese peers in the next three to six months, betting that the right policy moves would help the two emerging markets lure fund inflows.

time-read
1 min  |
June 15, 2024