BENGALURU: Edtech firm Upgrad has signed a term sheet to acquire rival Unacademy in an all-stock transaction, founders of the two companies said in separate posts on X on Saturday, marking a significant consolidation move in India’s education technology sector.“We at Upgrad have signed a term sheet to acquire Unacademy in an all-stock deal,” Upgrad…

India’s forex reserves have become more balanced over time, with more gold and some diversification beyond the US dollar. (AI image) A country’s foreign exchange reserves act as the first line of defence against external volatility. In times of global economic turmoil such as the present Middle East conflict, forex reserves are the armour that…

NEW DELHI: On April 6, 2026, the President of India gave assent to the Insolvency and Bankruptcy Code (Amendment) Act, 2026–No. 6 of 2026–and the legislation was published in the Gazette of India. A decade after the original IBC was enacted in 2016, Parliament has approved what practitioners call the most comprehensive rewrite of the…

Asia is likely to face the worst impact of the ongoing Iran war and the resulting energy disruptions, with supply gaps emerging across key economies, global maritime analytics firm Kpler has warned, as reported AFP.“We think Asia will, for now, be the ones suffering the most,” Kpler president Jean Maynier told AFP in an interview…

The rupee appreciated by 28 paise to close at 92.90 against the US dollar on Monday, supported by the Reserve Bank’s measures aimed at curbing speculative activity and reducing volatility, PTI reported.Forex traders said that while the RBI’s actions are positive for the currency, continued foreign fund outflows, a firm dollar and elevated crude oil…

NEW DELHI: The central government issued clarification on jet fuel price hike as it capped the increase in aviation turbine fuel (ATF) prices for domestic airlines to 25% on Wednesday. Citing tensions in the Middle East and closure of the Strait of Hormuz triggered by US-Israeli strike on Iran, the Centre called it “only a…

Years ago it was the Covid pandemic, then Russia–Ukraine conflict, then came Trump’s tariffs and now the world is witnessing a raging crisis in the Middle East. Different timelines, different circumstances but each time, the impact lands closer home. In the first week of the raging conflict with Iran, the US spent $11.3 billion. But…