Prosus slashes Indian edtech giant Byju’s valuation to ‘sub-$3 billion’

Prosus has marked down the valuation of Byju’s, India’s most valuable startup, to below $3 billion, the investment giant’s executives said in an earnings call Wednesday even as they asserted…

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LockBit claims cyberattack on India’s national aerospace lab

The notorious ransomware gang LockBit has claimed responsibility for a cyberattack targeting India’s state-owned aerospace research lab. On Wednesday, LockBit added the National Aerospace Laboratories (NAL) to its dark web…

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Starlink-rival OneWeb scores approval to launch satellite broadband services in India

OneWeb India, the local subsidiary of low-earth orbit operator Eutelsat OneWeb, has received the necessary approval from the country’s newly created space regulatory body to launch its commercial satellite broadband…

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India’s anti-money laundering agency finds $1 billion violation at Byju’s

India’s Enforcement Directorate, its anti-money laundering agency, has found that Byju’s violated the nation’s foreign exchange law to the tune of $1.08 billion, a person familiar with the matter told…

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