Byju’s looks to raise $1 billion with the sale of Great Learning, Epic

Byju’s puts Great Learning, Epic on the block to generate $800 million to $1 bn for loan repayment.  Byju’s, which paid about $375 million for acquiring Epic in 2021, is expecting to garner about $400-550 million.   The company has received three term sheets for Epic and the deal talks are at advanced stages.  Byju’s, valued at $22 billion last year, has experienced a series of business crises, including its auditor and board members quitting.  Byju’s, India’s most-valued startup, has put two of its biggest assets—upskilling platform Great Learning and…

Myanmar receives first shipment of Russia’s Su-30 fighter jets: The US warned that Russia’s backing is unacceptable

Russia and Myanmar signed a contract in September 2022 for the delivery of six Su-30SME fighter jets, RIA said.  Myanmar has received the first shipment of two Russian Su-30 fighter jets.  The Sukhoi Su-30SME multi-role fighter jet is designed for enemy aerial target engagement, aerial reconnaissance, combat employment, and pilot training.  Myanmar’s trade minister told the Russian news agency that a number of bilateral agreements will be signed at the East Economic Forum.  The United States has warned that Russia’s backing for Myanmar’s military rulers is unacceptable and destabilizing,  Russia…

Russian General Admits Ukraine Just a ‘Stepping Stone’ to Invade Europe

This week, Putin promoted Lieutenant General Andrey Mordvichev to the rank of Colonel-General.  The General views the invasion of Ukraine as a mere “stepping stone” to further conflict with Europe.   In a recent interview, Mordvichev said he believes Putin’s war will last quite a long time and expand in the future.   To answer the question “Ukraine is only a stepping stone?” Mordvichev responded “Yes, absolutely. It is only the beginning,”  NATO leaders have defended their military and humanitarian aid to Ukraine, saying their aim is to prevent Putin from…

Bomb Blast in Pakistan’s Peshawar Kills Security Personnel, Several Injured

A bomb blast targeting a security forces vehicle near a hospital complex in Pakistan’s Peshawar city on Monday, killed one security personnel and injured several others.  Police said that according to initial reports, five FC officials and three civilians have been injured as a result of the blast.  The blast appeared to have been an improvised explosive device (IED) attack.  Pakistan has been hit by a wave of terrorist activities orchestrated by the outlawed terror outfit.  The Pakistani Taliban later claimed responsibility for the attack.  The Tehreek-e-Taliban Pakistan (TTP) was…

Torture executed against Ukrainian civilians reflects Russia’s ‘war state policy’: UN expert

the UN special rapporteur on torture witnesses shared accounts that were credible, and that confirmed a consistent pattern of torture, including rape and beatings.  This is not random, aberrant behaviour, this is orchestrated as part of state policy to intimidate, instill fear or punish to extract information and confessions.”- The expert said.  Her comments were one of the strongest condemnations implicating the Russian leadership by an independent expert since Russia’s full-scale invasion last year.  Of hundreds of Ukrainian prisoners of war held by Russia and released in exchange, Ukrainian officials…

Saudi Crown Prince bin Salman and Prime Minister Modi discussed Bilateral trade, defence ties

PM holds bilateral talks with Saudi Crown Prince  India-Saudi Arabia partnership crucial for stability, welfare of region and world: PM Modi  We are adding a new dimension to our ties in tune with changing times: PM Modi at the India-Saudi Arabia Strategic Partnership Council meeting.  Europe-Middle East-India infra project discussed  For India, Saudi Arabia is one of our most important strategic partners: PM Modi in talks with Saudi Crown Prince  Saudi Prince: We have to work together for humanity’s benefit  Saudi Prince: Will work diligently for infra projects  ‘India-Saudi friendship…

China Backs New Delhi Declaration’s Focus away from ‘Geopolitics’, Five Keys Takeaways from the G20 Summit

China, which had strongly opposed in the negotiations leading up to the G-20 Summit any direct references to Russia’s aggression in Ukraine, finally backed the New Delhi Declaration and reaffirmed its recent calls for the grouping to stay away from “geopolitics”. Beijing’s opposition to references to Ukraine – the New Delhi Declaration dropped the mention of Russia’s aggression against Ukraine as had been stated in last year’s Bali Declaration had been the most significant of several sticking points in forging a consensus. The declaration also “reaffirmed that the G-20 is…

Amid Border Row with China, BRO To Build World’s Highest Airfield for Fighter Jets In Ladakh’s Nyoma

The Border Roads Organization (BRO) will construct the world’s highest fighter airfield in the Nyoma region of Ladakh.  According to the BRO official, the airfield will help boost the air infrastructure and will be used for a wide-ranging strategic air asset.  The defence minister will inaugurate and dedicate to the nation 90 infrastructure projects constructed by the Border Roads Organization at a cost of Rs 2,941 crore.  BRO chief said that India will beat China in the next two to three years as the government is proactively working towards developing…

Foreign countries including Japan interested in collaborating on UPI, NPCI plans to take UPI to Gulf countries

India’s digital payment systems like the Unified Payments Interface (UPI) are steadily becoming globally attractive amid measures to enable seamless cross-border transactions.  It’s been six years since UPI (Unified Payments Interface) was introduced as a payment system in India.  Japan is ‘seriously’ considering joining India’s Unified Payments Interface (UPI) system to enable cross-border transactions between people in both countries.  NPCI plans to take UPI to Saudi Arabia, Bahrain, and other Gulf countries.  According to a report UPI  transactions are expected to reach a milestone of 1 billion transactions per day…

G20: PM Modi introduces Nitish Kumar, Hemant Soren to US President Biden

The government had sent an invitation to the chief ministers of all the states to take part in the gala dinner hosted by President Droupadi Murmu, which took place in ‘Bharat Mandapam’ in New Delhi, the venue for the G20 Summit. G20 gala dinner: President Droupadi Murmu hosted a gala dinner for the G20 leaders on Saturday evening after the conclusion of the first day of the G20 Summit, in which top leaders of the group participated, including US President Joe Biden. The government had sent an invitation to the chief…