Here is a collection of the most important stories this morning:
Counsel, don't sell, Byju's Raveendran tells staff; does away with sales call targets, slashes course prices
Embattled ed-tech Byju’s, earlier known for its aggressive sales practices, has switched gears to a more empathetic selling approach to revive revenues and boost sagging morale.
Sensex, Nifty extend losses, election uncertainty drags street
Benchmark indices BSE Sensex and NSE Nifty 50 extended losses after having opened mildly red on May 9. The ongoing general elections have been keeping the Street on its toes. The Sensex and Nifty have been trading weak for the last four sessions, falling from near all-time highs.
Nomura bullish on defense sector, gives HAL, BEL 'buy' tag
Nomura initiated coverage on Hindustan Aeronautics and Bharat Electronic with a buy rating, as the international brokerage is bullish on the defense space.
Muthoot Finance, Manappuram shares fall up to 8% on RBI's cash disbursal advisory
Shares of Manappuram Finance and Muthoot Finance plummeted up to 8 percent on May 9, a day after the Reserve Bank of India reportedly sent them an advisory letter limiting cash disbursal of loans.
Paytm partners with Euronet after bill payment license loss
Paytm has partnered with Epay, the digital payment unit of US-based payment services firm Euronet Worldwide, to offer bill payment services through its application.
Air India Express terminates some staffers over conflict with cabin crew
Amid the ongoing standoff between Air India Express and a section of its cabin crew that led to the cancellation of nearly 100 flights on May 8, the airline management has let go of some senior crew members who "reported sick" disrupting flight operations, according to sources close to the development.
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