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Tuesday, June 10, 2025

Byju's sells US subsidiaries at steep discount

Byju's has sold its US subsidiaries, Epic and Tynker, through US bankruptcy proceedings as part of its asset liquidation after a financial downturn. Epic was acquired by TAL Education Group for $95 million, while CodeHS purchased Tynker for $2.2 million. These sales aim to help lenders recover losses from a $1.

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Structured tender model for shipbuilding: Govt aims tech transfer, local manufacturing

India is boosting its shipbuilding capabilities by adopting a "structured tender" approach for specialized vessels like gas and oi...