BR Shetty’s firm may be offered debt recast

Lenders are looking to restructure ₹2,000 crore loans owed by embattled billionaire BR Shetty’s Abu Dhabi-based Neopharma Llc., including conversion of some of its debt into equity, a person aware of the matter said. According to Bloomberg, lenders to Neopharma comprise Abu Dhabi Commercial Bank PJSC, Abu Dhabi Islamic Bank […]

Remote work to help tap new biz: TCS

The disruption from the coronavirus pandemic has prompted Tata Consultancy Services Ltd (TCS) to shift its workforce to a more remote model, Tata Sons Ltd chairman N Chandrasekaran said, adding this model is here to stay, and will help the company engage with customers in the future. The remote work […]

Odisha cancels final semester exams of undergraduate and PG students due to Covid-19

The Odisha government on Thursday cancelled the final semester examinations of undergraduate and postgraduate examinations in view of the rising Covid-19 cases. Higher education minister Arun Sahu said the decision was taken after a meeting with vice-chancellors of all state-run universities and principals of all government and aided colleges. “Considering […]

Twitter deletes 170,000 accounts pushing Covid-19 messages in China’s favour

Twitter said the suspended accounts had been spreading “geopolitical narratives favourable to the Communist Party of China” and have thus been removed for attempting to violate the platform. Twitter has shut down more than 170,000 accounts that have been linked to the Chinese government. Twitter experts who reviewed these accounts said that […]