On Tuesday, he said the crisis has brought online learning to the forefront. “Our classrooms are changing possibly for the first time in 100 years, and I’m excited about the opportunities we have to redefine the future of learning,” Raveendran said in a note. … [Read more...] about Byju’s raises $500 million from Silver Lake, other investors
Global equity income
Where does the EPFO invest to generate returns?The EPFO uses its corpus (estimated at ₹13 lakh crore-₹14 lakh crore in the last fiscal) to earn income from investments in debt instruments and equities. Investment in equities is capped at 15%. The remaining funds are invested in debt. The debt component helps the EPFO earn fairly predictable returns, while the equity component has risks associated with fluctuations in the stock market. Based on the EPFO’s earnings for the year, the CBT recommends in March an interest rate at which the payouts can be made. The final decision is notified by the Ministry of Labour. … [Read more...] about The Hindu Explains | Has economic slowdown hit EPFO earnings?
FEMA, at present, does not contemplate a company incorporated in India and listed on a foreign stock exchange selling shares to a person resident outside India. Companies Act 2013 currently has rules for public offers and private placements of securities, is applicable to all companies incorporated in India, including companies that issue ADRs/GDRs as well as those which would propose to list their equity shares on foreign stock exchanges. … [Read more...] about Draft norms soon for overseas listing of Indian companies
Pratibha Advani, CFO of one of the largest digital infrastructure providers, Tata Communications, discusses business in numbers in the global and domestic landscape.In an interview with ETCFO, Pratibha Advani spoke about how the business is steering in these challenging times in the telecom industry in India and globally with protectionism and trade war.“I think natural laws of economics that will come into play will not allow this to move forward,” Advani said on trade war and protectionism. She explained that it is leading to an increase in input costs, making products expensive to a point where the demand will come fall down to stagnation.She refers to it as a wheel of fads that come and go. For trade, she said, “The question is of time, how long will these protective measures last? Accordingly companies need to review their global business strategy.”Tata Communications’ consolidated revenue for FY19 was Rs 16,525 crore with a decline of 1.5% YoY. This … [Read more...] about Keeping pace with growth despite changing industry and competitive environment: CFO, Tata Communications