The BS Morning Show

Byju’s, it seems, has been reduced to a pale shadow of its former self. Once the world’s most valuable education tech firm, it is now mired in a host of financial and legal troubles. Its just released but delayed financial statement for fiscal year 2021-22 paints a grim picture. Losses had more than doubled in the pandemic-hit year - a period which was considered the best for ed-tech platforms. The firm is now focussing on Generative Artificial Intelligence to lift its fortunes...

Till a few days ago, they were busy in hectic parleys to form a formidable 10 billion- dollar media empire in India. And now, broadcaster Zee and Sony are fighting a pitched battle in courts. While the court proceedings will follow its own course, how will the collapse of this proposed merger affect Zee - whose revenue and profit growth have been muted over the past two years. Has Zee run out of options?  Reliance-Disney merger, on the other hand, is on track...

With the rising wealth, more and more Indians are choosing exotic foreign destinations to get married. From humble Phuket to exquisite Italy, their favourite holiday spots are now doubling up as wedding destinations. But this trend is hitting the local wedding industry hard. Prime Minister Narendra Modi has repeatedly appealed to affluent Indians to ‘Wed in India’...

India’s youngest airline, it seems, is striking the right notes. Last year, Akasa Air was the best on-time-performing airline in five out of 12 months. It has just ordered 150 aircraft for around 20 billion dollars. And its CEO Vinay Dubey wants to put Akasa on the path to be one of the world’s top 30 biggest airlines by the turn of the decade. But there are challenges too...

The IPO of Walmart-owned Flipkart has been in the works for a while now. In 2022, the e-commerce firm had internally raised its IPO valuation target to 60 to 70 billion dollars. Before that, it was 50 billion dollars. Two years on -- while the IPO is still elusive-- the company has now raised 600 million dollars from Walmart. But its current valuation is still below its 2021 peak of 38-billion-dollar...

All eyes are on Ayodhya today. The Ram Temple is all decked up, waiting for the consecration ceremony by a battery of priests led by an elderly Kashi Acharya. Prime Minister Narendra Modi is the ‘Jajman’ or chief guest at the event -- which will be witnessed by millions. And many of them will soon embark on a journey to seek blessings from the deity. The tiny temple city will soon turn into a mega pilgrimage spot...

Fog has sent flight schedules into a tailspin. Hundreds of flights have either been cancelled, or are running hours behind the schedule across most cities. And the fliers they cater to are at the wit’s end. Situation is dire at the country’s largest and busiest airport in Delhi, which has just one CAT 3 runway operational...

India blocked access to nine foreign cryptocurrency exchanges on 12th of January. The government believed that these offshore platforms were not complying with the country’s anti-money laundering law. And investors were also using them to circumvent TDS costs. Some of them -- like Binance -- were quite popular among domestic investors. But now, crypto investors are reportedly flocking to domestic exchanges. There is a surge in registration...

Gujarat’s Dholera is finally getting a large semiconductor fabrication plant. While Vedanta’s plans are still hanging fire, Tata Group may start churning out chips by the end of this year. And the salt-to-software conglomerate is also building a 20-gigawatt lithium-ion storage battery factory in Sanand -- just 95-km from Dholera. Clearly, the company is rapidly cementing its footing in new-age technology. We find out more about how the conglomerate is reinventing itself...

Come July and Australia’s Deakin University will start admitting students. This piece of news might not be of interest to many. But what if we tell you that these admissions will take place in India, and at the university’s local campus in Gujarat? Well, you heard it right. Foreign universities are finally coming to India. The National Education Policy, 2020 had laid down the framework. And UGC came out with a final set of regulations about two months ago...