Issue

This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. Introducing: the Hidden Worlds issue  A hidden world is fundamentally different from the undiscovered. We know the hidden world is there. We just can’t see it or reach it. Hidden worlds exist in the great depths of the ocean and high above us in the planets of the night sky. But they are also all around us in the form of waves and matter and…

Byju’s and a group of its investors have been given three days by the National Company Law Tribunal to file written submissions on a plea about the edtech firm’s rights issue. This and more in today’s ETtech Morning Dispatch. Also in the letter:■ All about ‘Startup Mahakumbh’■ ETtech Done Deals■ India’s internet usage NCLT reserves order on Byju’s investors’ pleaThe National Company Law Tribunal (NCLT) on Tuesday provided three days to Byju’s and a group of its investors to file written submissions and reserved its orders…

The National Company Law Tribunal (NCLT) on Tuesday asked Byju’s and a group of shareholders opposing the cash-strapped edtech firm’s $200 million rights issue to file written submissions within three days, and reserved its order on a plea for interim relief.The tribunal will also seek the views of the Ministry of Corporate Affairs and Registrar of Companies on petition, NCLT’s Bengaluru bench led by judicial member K Biswal said.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian…

Many Americans view illegal immigration as a “very serious” problem, and a majority support building a border wall, new polling has found a week before the Super Tuesday primaries.Republican candidates who want to frame the Biden administration as weak on immigration have repeatedly hammered it as a top issue on the 2024 election campaign trail. A Monmouth University poll released Monday shows that their messaging is sticking — with 8 in 10 Americans across partisan lines seeing illegal immigration as at least a somewhat…

Image Source : FILE Representational Image Elon Musk's Plea to Microsoft CEO: Even someone as big as Elon Musk sometimes needs tech support. In this case, he reached out to Satya Nadella, the CEO of Microsoft, with a request related to setting up new Windows PCs. https://x.com/elonmusk/status/1762173998056804747?s=20 Elon Musk's request "Satya, I don’t mean…

An advisory committee, set up by Paytm owner One97 Communications after the Reserve Bank's action on its payments bank business, is yet to have a deeper engagement with the company to identify any issue, head of the panel and former chairman of Sebi M Damodaran said on Sunday. "We are an external advisor. At this point they (Paytm) are dealing with RBI," Damodaran said in response to a question on the impact on Paytm with regard to RBI's January 31 order on Paytm Payments Banks Limited (PPBL). As per the January 31 order,…

Amid the unfolding Paytm Payments Bank Ltd crisis, Institute of Chartered Accountants of India President Ranjeet Kumar Agarwal on Sunday said its financial reporting review board (FRRB) may deliberate on issues of the fintech firm in the near future. The FRRB of the statutory body is currently conducting a review of the accounts of tech-based education unicorn Byju's over alleged governance concerns, and the exercise is progressing well, the ICAI president said. "So far, we have not considered it (Paytm issue), but the…

The Reserve Bank of India has permitted authorised banks and non-banks to issue prepaid payment wallets for usage in public transport systems.In a notification issued today, the central bank amended its norms on issuance of prepaid wallets to allow special wallets to be issued for tickets in public transport systems.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk ManagementVisitIIM KozhikodeIIMK Advanced Data…

Days ahead of a decisive extraordinary general meeting, Byju Raveendran wrote a letter to shareholders informing them that the edtech firm’s rights issue has been fully subscribed. Details of this and more in today’s ETtech Top 5.Also in this letter:■ BluSmart, Tata Power ink charging deal■ Cert-In probing EPFO, PMO data breach■ ETtech Explainer on Google’s Gemini 1.5Rights issue fully subscribed, will restructure board: Byju Raveendran Byju’s $200 million rights issue is fully subscribed, its founder informed…

is fully subscribed. He also iterated further steps he is taking to ensure transparency on the usage of the funds.Dear Shareholders,I am reaching out today to take you into confidence on certain pivotal steps towards a brighter future for our company. My deep sense of commitment is bolstered by your support as we embark on this new and exciting journey together.Our rights issue is fully subscribed and my gratitude to my shareholders remains strong. But my benchmark of success is the participation of all shareholders in…