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We'll soon meet in your inbox. Please wait... The transaction will trigger a mandatory open offer for the purchase of up to 26% additional shares of the company from the public shareholders and the acquiring entity has released a public announcement to the stock exchanges, the company said in a statement. Based on the open offer subscription, the blended purchase price will vary between Rs 1,452 to Rs 1,497 per share (12-16% premium to 12-month average price and 3-6% discount to 6-month average price) and the purchase consideration will vary between Rs 15200 crore to Rs 21000 crore (or, appr...

We'll soon meet in your inbox. Please wait... The government welcomes criticism, genuine requests for help as well as suggestions in the collective fight against Covid-19, but it is necessary to take action against those users who are misusing social media during this grave humanitarian crisis for unethical purposes, one of the people said. The Ministry of Electronics and Information Technology (MeitY) ordered blocking of the posts on a recommendation from the Ministry of Home Affairs. On Saturday, it was reported that Twitter had removed around 50 tweets allegedly criticising the central gov...

We'll soon meet in your inbox. Please wait... Screwvala declined to comment on the details during an interaction with ET. “We are not a unicorn yet. But we are not too far behind,” he said. Screwvala, who founded UTV Motion Pictures in the 1990s which was later acquired by Walt Disney Company, has so far ploughed about $25 million of his own capital in upGrad since it was founded. Apart from Screwvala, upGrad’s founding team includes Mayank Kumar and Phalgun Kompalli. The online education segment, both K-12 and higher education, has seen a large rush of risk capital following the Covid-...

We'll soon meet in your inbox. Please wait... Devastated to see the worsening Covid crisis in India. Google & Googlers are providing Rs 135 Crore in funding to… https://t.co/yOiEFLFiCy— Sundar Pichai (@sundarpichai) 1619409234000 Google India Country Head Sanjay Gupta in a blog post said that the company will work with local governments in India to support them during the crisis. "Our Google community and their families are feeling the devastating impact, too. We’re asking ourselves what more we can do as a company to ensure people get the information and support they need to keep thei...

We'll soon meet in your inbox. Please wait... This medical equipment will be donated to hospitals and public institutions to augment their capacity to help Covid-19 infected patients across multiple cities, it added. The first of these consignments will land in Mumbai on late Sunday night (on April 25) and a majority of the shipping is expected to be completed by April 30, it said. In time of severe COVID-19 impact, we stand firmly with India, deploying our global logistics network to procure &… https://t.co/JNfipqoKDS— Amit Agarwal (@AmitAgarwal) 1619369037000 India is registering a rec...