NCLAT dismisses Byju's settlement plea, upholds insolvency

IANS | April 18, 2025 3:27 PM

Chennai, April 18 (IANS) The National Company Law Appellate Tribunal (NCLAT) has set aside the appeals filed by the BCCI and Riju Raveendran, brother of Byju Raveendran, seeking withdrawal of insolvency proceedings against Byju's and to consider the settlement between the beleaguered edtech company and the BCCI.

Slowdown in IT sector not just due to AI, Trump tariffs: Sridhar Vembu

IANS | April 18, 2025 10:53 AM

New Delhi, April 18 (IANS) The slowdown seen in the quarterly results by India's information technology (IT) companies is not just a result of disruption due to artificial intelligence (AI) and Donald Trump’s reciprocal tariffs but also inefficiency in products and services of the broader software industry, Zoho founder Sridhar Vembu said on Friday.