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The Latest Breaking News from Glas

Byju’s-BCCI settlement remains stalled; NCLT pauses buyer search

Byju's proposed Rs 158-crore settlement with the BCCI remains unresolved. Creditors have met multiple times but could not reach a decision on the matter. The settlement's approval or rejection will determine the continuation of insolvency proceedings. Founders have also challenged GLAS Trust's authority and claim size. The tribunal has paused…

The Economic Times

NCLT posts Byjus-Aakash hearing for July 16 as parties seek time for settlement

Aakash Educational Services and Think & Learn's resolution professional requested a delay in NCLT proceedings, citing advanced settlement talks for the Aakash shareholding dispute. The National Company Law Tribunal has adjourned the matter to July 16, expecting a resolution. This development follows reports of ongoing settlement discussions between Manipal Education…

The Economic Times

Byju’s-Aakash settlement talks enter final stretch ahead of NCLT hearing

Settlement talks are underway between Manipal Education and Medical Group and GLAS Trust, representing Byju's US lenders, to resolve the Aakash Educational Services shareholding dispute. This crucial discussion aims to settle the division of Aakash's value, Byju's most significant asset, ahead of a key NCLT hearing.

The Economic Times

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FDA memo reveals fruit-flavored e-cigarettes aren’t better for quitting smoking

The six-page FDA memo suggests regulators sidestepped previous concerns about the risks associated with sweet vaping flavors

The Independent UK

Marty Makary's Irrational Resistance to Flavored Nicotine Vapes Drove His FDA Resignation

On the subject of tobacco harm reduction, the former commissioner let his emotions override his avowed commitment to following the science.

Reason

Flavored vapes get FDA approval in major shift under Trump

IN FULL

The Independent UK

FDA approves four flavored vapes days after pressure campaign from Trump

Some health experts have warned that flavored vapes can contribute to underage use

The Independent UK

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Mia Drennan: ‘I started my business after being passed up for promotion – now it’s worth £1bn’

MONEY TALKS: Mia Drennan’s global finance company was founded on credit card debt and the desire to be her own boss. Here she tells Lydia Spencer-Elliott about how she stuck to her guns - and backed herself along the way

The Independent UK

Byju Raveendran held guilty of contempt by US court, civil sanctions imposed

Byju Raveendran, the co-founder of ed-tech giant BYJU’s, was held guilty of contempt by the Delaware Bankruptcy Court in the US on Monday, July 7. The court also imposed civil sanctions worth USD 10,000 per day on him beginning July 1. Byju had maintained that the Delaware court does not…

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