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Learnings from the Byju’s Mess

Business Today

CREDIT CAPERS • AFTER INCREASING BY ₹18.2 LAKH CRORE TO AN ALL-TIME HIGH IN FY23, NON-FOOD CREDIT CONTINUED TO EXPAND IN THE FIRST QUARTER OF FY24, THANKS TO DEMAND FROM THE SERVICES SECTOR. HERE’S WHAT THE DATA INDICATES

INDIA BOUND • CALLING INDIA A LAND OF OPPORTUNITIES, PM NARENDRA MODI REPOSED HIS FAITH IN THE COUNTRY’S ECONOMY DURING HIS ADDRESS AT THE G20 TRADE AND INVESTMENT MINISTERS’ MEETING HELD RECENTLY. AS ONE OF THE FASTEST-GROWING ECONOMIES IN THE WORLD, WITH HUGE CONSUMPTION DEMAND, THE COUNTRY IS ATTRACTING MANY GLOBAL INVESTORS. THE GOVERNMENT HAS ALSO ROLLED OUT VARIOUS REFORMS TO SPUR FOREIGN INVESTMENTS. AS A RESULT, FDI HAS DOUBLED IN THE PAST DECADE. A LOOK AT THE NUMBERS:

MAKING UP FOR LOST TIME • Ravneet Kaur, the new CCI Chairperson, is swiftly getting the regulator into shape and working on setting up a digital markets unit

GATHERING STEAM

Refreshing Air India • Air India’s ultimate success hinges on the implementation of its turnaround plan and the quality of services accruing from it

NEW AIR INDIA FOR A NEW INDIA

OVER THE MOON • Chandrayaan-3’s success is set to redefine the trajectory of the Indian space sector

CHANDRAYAAN-3: TO THE DARK SIDE OF THE MOON • The Chandrayaan-3 probe has landed near the lunar South Pole, a region with water ice or frozen water, which could serve as a source of oxygen, fuel and water for future missions

IN DEPTH KNOWLEDGE FROM THE MOST CREDIBLE SOURCE • Subscribe and get upto 67% discount

A Step Closer • With India’s first dedicated personal digital data protection law, the challenge now lies in implementing its provisions

Entry Restricted • The government has mandated permits for companies to import laptops and PCs. What will be the impact of the move?

Made in India • With the production of the latest iPhone in the country before its global debut, India’s Make in India play is gathering steam

Alchemy of Languages • The Indian box office is turning vibrant as Hollywood, Marathi, Punjabi and other non-Hindi films are drawing audiences to the theatres

KEY CHALLENGES FOR BYJU’S

CAN BYJU’S SURVIVE THE CRISIS? • ONCE THE MOST-VALUED EDTECH FIRM IN THE WORLD, BYJU’S IS NOW BATTLING SERIOUS FUNDING ISSUES, A CORPORATE GOVERNANCE CRISIS AND COURT BATTLES. THE FIRM WILL HAVE TO URGENTLY RAISE AT LEAST $1.5 BILLION AND SET ITS HOUSE IN ORDER. CAN IT SUCCEED?

TESTED THROUGH TIME • AFTER THREE BOARD MEMBERS REPRESENTING ITS INVESTORS RESIGNED FROM THEIR POSITIONS, BYJU’S IS LEFT ONLY WITH RAVEENDRAN, HIS WIFE DIVYA GOKULNATH, AND BROTHER RIJU RAVINDRAN ON THE BOARD…

LEARNINGS FROM L’AFFAIRE BYJU’S

THE EDTECH FIRM’S IMMEDIATE PRIORITIES

WINNING FORMULA • PHYSICS WALLAH SEEMS TO HAVE TURNED THE TIDE EVEN AS MANY OTHER MAJOR EDTECH PLAYERS IN INDIA ARE GRAPPLING WITH LAY-OFFS, LOSSES, VALUATION CUTS AND REGULATORY SCRUTINY. HAVING SOLVED THE EDTECH RIDDLE, NOW IT’S AIMING FOR RAPID GROWTH

‘‘Artificial intelligence will explode in the next 5-10 years’’ • Soumitra Dutta, Dean of Oxford University’s Saïd Business School, in a conversation with Kalli Purie, Vice Chairperson of the India Today Group, talks about the impact of AI and what the future holds for this disruptive technology

MANAGING RISKS IN THE ERA OF DIGITAL TRANSFORMATION • The ongoing digital revolution has compelled businesses to rethink their strategies for engaging customers and delivering value. The COVID-19 pandemic has further highlighted the significance of digital transformation for industries, businesses, and society at...