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Facing troubles getting their refund back from Byju's for an unused tab and learning programme, this family reportedly walked into the Byju's office and dismantled a TV there. This video has now gone viral, adding to the woes of the already beleaguered edtech firm. To top all of Byjus' worries, the Enforcement Directorate has now barred their founder, Byju Raveendran from travelling outside the country. The agency has issued a fresh lookout circular against him. Watch to know more

India's largest telecom operator wants the government to shut down 2G and 3G services in India. Reliance Jio wants people to migrate to 4G & 5G. Jio says that this will also avoid unnecessary network costs of 2G & 3G, and of course increase the 5G use cases, which affect a lot of things -- like new business models, revenue streams, autonomous vehicles, smart cities, smart factories and other such things. Interestingly, Jio doesn't have any 2G and 3G networks - they operate solely on 4G & 5G! Here's why they want a '2G mukt bharat' - watch

Young Chinese are taking advantage of deflation and a weak jobs market to see the world. Along the way, they’re reshaping consumer habits. 

The $10 billion merger of Zee entertainment enterprises and and Japan's Sony corp would have created one of the India's largest media networks. But, this deal collapsed with an acrimonious ending, sending Zee's stock plummeting and Sony standing with a $90 million termination fees demand. Watch.

China's economy is facing challenges due to authoritarian policies, lockdowns, and economic shifts. GDP growth, while at 6.3%, is losing momentum, and youth unemployment is high. Exports, imports, and consumer spending are down, and manufacturing and service sectors are struggling. The country's traditional growth engines of exports, real estate, and infrastructure projects are sputtering. China's attempt to boost domestic consumption hasn't yielded expected results. The appointment of Pan Gongsheng as the new central bank governor reflects Beijing's firm approach to economic challenges. Despite setbacks, China's economic power remains substantial, with a head-start over India in terms of GDP growth, per-capita income, life expectancy, and education.

China's post-Covid economic recovery has turned out to be shaky rather than robust. Initial pent-up demand was followed by economic data for April falling below expectations. China's stocks, government bond yields, and currency declined in response. The purchasing-managers indices (PMIs) for May showed slower growth in services output and consecutive shrinkage in manufacturing activity. Falling input and output prices are hurting industrial profits, hampering manufacturing investment, and raising concerns of deflation. The economy is facing a double-dip risk, potentially with close to zero growth from one quarter to the next. China may resort to easier monetary policy and looser fiscal measures, but some worry the government's response might be inadequate.

The Jalan-Kalrock Consortium has successfully obtained the renewal of the Air Operator Certificate (AOC) for Jet Airways from the Directorate General of Civil Aviation (DGCA). This marks a significant milestone in the revival of India's admired airline, which had ceased operations in 2019 due to financial difficulties. The consortium is fully dedicated to implementing a comprehensive strategy for Jet Airways' success and is working closely with authorities, industry partners, and stakeholders to ensure its revival. With the renewed AOC and support from DGCA, Jet Airways' comeback looks promising and serves as a beacon of hope for other grounded airlines in the aviation sector.

Hackers demanding money to return your data is common. But hackers demanding policy changes from a corporation is unheard of. A ransomware group called BlackCat which claimed responsibility for hacking Reddit’s systems earlier this year did just that. The hacker group is now demanding what Reddit moderators and users who have been up in arms over. A change to Reddit’s recently announced API pricing policy.

Twitter was among the first technology giants to slash its workforce during last year’s market routOver 1,000 tech companies laid off 152421 employees globally in 2022-23, a report mentioned

Step-up and Step-down loans explained