Byju Raveendran (file photo) Byju Raveendran, founder of the collapsed edtech company Byju’s, has been sentenced to six months in prison by a Singapore court in a contempt case, according to people aware of the development who told Bloomberg.The court directed Raveendran to undergo jail time after finding that he had failed to comply with…
Lance Lowry (Agency photo) NEW YORK: At a Georgia state House of Representatives hearing on prison conditions in September, a corrections officer called in to testify, interrupting his shift to tell lawmakers how dire conditions had become. On a “good day,” he told lawmakers, he had maybe six or seven officers to supervise roughly 1,200…
US consumer confidence weakened in May as concerns grew over inflationary pressures linked to the Iran conflict. Households also remained largely pessimistic about labor market conditions, although many expected improvement later in the year. Investors are now awaiting comments from Federal Reserve officials, including Philip Jefferson and Lisa Cook, for further clues on how inflation…
MOSCOW: President Vladimir Putin on Thursday described Russia‘s relations with the United States as “unsatisfactory” but said Moscow was open to dialogue and his June summit with President Joe Biden had opened up room for an improvement in ties. “Yes, in many bilateral and international questions our interests, evaluations, positions do indeed diverge, as everyone…
NEW DELHI: Maruti Suzuki on Tuesday rolled out a series of austerity measures for employees and business partners, to formally respond to Prime Minister Narendra Modi’s call to conserve fuel and reduce foreign exchange spending amid the ongoing West Asia conflict.In a post on X, the country’s largest carmaker said management should conduct business in…
WASHINGTON: The Food and Drug Administration is planning to broaden eligibility for coronavirus vaccine booster shots, allowing 12- to 15-year-olds to receive third doses of Pfizer-BioNTech’s vaccine, according to people familiar with the agency’s deliberations.Regulators are also expected to authorize an extra shot of Pfizer’s vaccine for both adolescents and adults five months after receiving…
NEW DELHI: The new index of industrial production (IIP) series, having 2022-23 as base year, is set to track for first time the output of rare earths and minor minerals, piped natural gas (PNG), water supply, sewerage and waste management — the Technical Advisory Committee (TAC) constituted to undertake base year revision under IIM Kozhikode…
NEW YORK: Earth simmered to the sixth hottest year on record in 2021, according to several newly released temperature measurements. And scientists say the exceptionally hot year is part of a long-term warming trend that shows hints of accelerating. Two U.S. science agencies – NASA and the National Oceanic and Atmospheric Administration – and a…
CHENNAI: JK Tyre has announced one of the largest capacity expansion programmes among Indian tyre manufacturers, despite concerns over the impact of the West Asia crisis on raw material prices. The company has earmarked Rs 4,980 crore to expand the capacities of its truck and bus radial (TBR) and passenger car radial (PCR) tyre businesses…
A Ukrainian serviceman fires his weapon during an exercise in the Joint Forces Operation, in the Donetsk region, eastern Ukraine, Tuesday. (AP) WASHINGTON: The United States said Thursday that Russia is on the verge of unleashing a massive military attack against Ukraine, dismissing Moscow’s claim to be pulling forces back, as artillery fire hit a…