The Bengaluru bench of the National Company Law Tribunal has levied a cost of ₹20,000 on edtech platform Byju’s for the delay in filing its reply to a petition by Surfer Technologies. As an operational creditor, Surfer Technologies had on 7 February filed a section 9 application, initiating corporate insolvency resolution process against the troubled ed-tech firm.
Open FlipAfter a slow period of growth in India, IHG Hotels & Resorts aims to double presence in the next five years. It will focus on mid-scale and upper-mid-scale hotels in places like Delhi NCR, Jim Corbett, Mumbai, Amritsar, and Goa, the company's CEO Elie Maalouf said in an interview with Mint. This year, the company has signed 13 new deals across luxury, premium and budget hotels.
Open FlipGanesh Dongre, Senior Manager — Technical Research at Anand Rathi believes that the Indian stock market bias will remain positive till the Nifty 50 index sustains above the 22,200 to 22,250 mark. Shares to buy today 📌IndusInd Bank: Buy at ₹1675, target ₹1730, stop loss ₹1630 📌Federal Bank: Buy at ₹154, target ₹162, stop loss ₹149 📌GAIL: Buy at ₹207, target ₹217, stop loss ₹200.
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