Delhi High Court Seeks Clarity in Defamation Case: Dhoni’s Business Partner Asked for Specific Allegations

January 29, 2024/

Delhi High Court Seeks Specific Allegations in Dhoni’s Defamation Case: A Detailed Overview In a recent development, the Delhi High Court has directed cricketer MS Dhoni’s former business partner, Mihir Diwakar, and his wife Soumya Das, to provide specific allegations against media houses accused of defaming them after Dhoni filed a cheating complaint. Justice Prathiba Prathiba M Singh passed the order, emphasizing the need for clarity in the allegations. Advocate Siddhant Kumar,...

BLOG, FINANCIAL NEWS

Bernard Arnault Overtakes Elon Musk as World’s Richest: LVMH Chief’s Soaring Fortunes in 2023

January 29, 2024/

Bernard Arnault Surpasses Elon Musk to Claim Title of World’s Richest In a financial tussle that has captivated headlines, Bernard Arnault, the Chairman and CEO of Moet Hennessy Louis Vuitton (LVMH), has dethroned Elon Musk to become the world’s richest man. Forbes reports a staggering net worth of $207.6 billion for the French billionaire, marking a $23.6 billion increase. This notable shift occurred as Elon Musk experienced a 13% drop in net...

BLOG, FINANCIAL NEWS

Byju’s Valuation Reset: Navigating Financial Challenges with a 99% Slash in Rights Issue

January 29, 2024/

Byju’s Valuation Plunge: A Drastic Reset in Pursuit of Capital In a surprising move, Byju’s, the world’s most valuable edtech startup, has embarked on a rights issue, slashing its valuation ask by a staggering 99%. The Indian edtech giant aims to raise $200 million through this initiative, emphasizing its critical need for capital to address pressing working capital requirements. Valuation Reset: From Pinnacle to Near Zero Byju’s, once the crown jewel of...

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