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Byju’s founder raising funds to buy back 15% of company

  Bloomberg Byju Raveendran, the founder of the world’s most valuable edtech startup Byju’s, is in financing talks to lift his stake in the company to as high as 40%, people familiar with the matter said. The former teacher is seeking funding to finance the stake repurchases — which could amount to as much as 15% of the firm — ...

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India refuses relief to Google over $162m fine

  Bloomberg An Indian appeals court refused to grant immediate relief to Alphabet Inc’s Google over a $162 million antitrust fine for abusing the dominant position of its Android smartphone operating system in the country. The National Company Law Appellate Tribunal asked the US tech giant to deposit 10% of the penalty after admitting its appeal against the Competition Commission ...

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Chinese officials discuss easing of ban on Australia coal imports

  Bloomberg Chinese bureaucrats are discussing plans to resume some imports of Australian coal after a more than two-year ban as relations between the nations improve. The National Development and Reform Commission (NDRC) held talks on proposals to allow four major importers — China Baowu Steel Group Corp, China Datang Corp, China Huaneng Group Co and China Energy Investment Corp ...

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