$533 mn loan fraud case: US Bankruptcy Court rules against Byju's

IANS | February 28, 2025 10:01 PM

New York, Feb 28 (IANS) A Bankruptcy Court in the US on Friday issued a summary judgement against Riju Ravindran, Think & Learn (the parent company of Byju’s), and the hedge fund Camshaft Capital, finding them guilty of fraudulent transfer of $533 million and a “breach of fiduciary duty.”

Other countries can learn from India’s UPI experience: Cambridge Professor

IANS | February 28, 2025 1:58 PM

New Delhi, Feb 28 (IANS) The Unified Payments Interface (UPI) provides an opportunity to other countries to learn from India’s experience and get ideas on how to adopt it in their own countries, said Professor Carlos Montes, Lead Innovation Hub, University of Cambridge Business School here.