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The resignation letter from BDO subsidiary MSKA pointed out several key issues with Byju’s. These included significant delays in financial reporting, insufficient management support, and doubts about the company’s capacity to recover substantial outstanding payments from a Dubai-based entity.

Tags: #financial ,#financial #payments #issues

Full story at Business Today

Delhi Airport Parking Chaos: Man receives Rs 5,000 bill, finds car damaged

The incident occurred when Deepak Gosain, a resident of Delhi, parked his car at the airport's multi-level parking facility before embarking on a trip. Upon his return, he was presented with a hefty parking bill, which he initially dismissed as a mistake.

Tags: #car ,#car #initially

Full story at Business Today

'BDO suggested backdating financial reports': Byju's hits back, says audit firm resigned on initiation of insolvency proceedings

BDO (MSKA & Associates) was appointed as the auditor of Byju’s and Aakash Educational Services in June 2023 for a period of five years following Deloitte's resignation due to irregularities.

Tags: #years

Full story at Business Today

Tata Sons' sees 74% surge in consolidated net profit at Rs 49,000 crore, aviation business narrows loss in FY24

The Mumbai-headquartered company’s board of directors have recommended a dividend of Rs 35,000 double the amount of Rs 17,500 paid in FY23, which will involve a cash outflow of Rs 1,415 crore.

Tags: #paid #business #amount

Full story at Business Today

Centre notifies marketing code for medical device sector to curtail unethical practices: ‘No travel, gifts or…’

The Central government has implemented a uniform marketing code for the medical device industry, prohibiting companies from providing travel or hospitality services to healthcare professionals. Organizations must form ethics committees and disclose expenses related to marketing and product approval.

Tags: #government

Full story at mint

Amtek group loan fraud: ED attaches farmhouse, industrial lands, other assets worth over ₹5,000 crore

The ED attached assets valued at ₹5,000 crore in Amtek group loan fraud case, exposing fraudulent financial practices and heavy losses for banks.

Tags: #group ,#group #worth #crore

Full story at mint

Ganesh Chaturthi 2024: Crude oil plunges on demand-supply imbalance in 2024, Brent down 20% in 12 months; OPEC+ in focus

Crude oil has plunged around 20 per cent in the last year due to an oversupply from non-OPEC member countries, even as OPEC+ aims to keep markets stable.

Tags: #cent #member

Full story at mint

Harsh Goenka shares views on why some of the city infrastructure is poor: Watch here

Harsh Goenka, chairman of RPG Enterprises, shared a video on his social media platform X on Saturday, September 7, showing how poor city infrastructure is built in the country

Tags: #media #views #shares #social

Full story at mint

Dalal Street Week Ahead: Nifty may continue to remain under corrective pressure

The volatility spiked as well; the volatility barometer India VIX surged by 13.63% to 15.22 on a weekly basis. While setting a distinct corrective undertone, the headline index closed with a net weekly loss of 383.75 points (-1.52%)

Full story at Economic Times

iPhone 16 launch: Action buttons, camera upgrades, and a bold new look- What to expect

Apple is set to unveil the iPhone 16 series at its 'Its Glowtime' event on September 9. The launch will introduce four new models, including iPhone 16 and iPhone 16 Plus, featuring design tweaks, new buttons, and enhanced camera capabilities. Pre-orders may start soon after the event.

Tags: #start #camera ,#camera #series

Full story at Economic Times

Pakistan accepts army involvement in Kargil War for the first time

Pakistan Army Chief General Asim Munir has acknowledged the army's involvement in the 1999 Kargil War. The conflict began when Pakistani infiltrators crossed the Line of Control and seized key positions in Ladakh's Kargil district. Indian forces faced significant challenges due to the extreme high-altitude conditions but successfully reclaimed the positions by July 26, 1999.

Tags: #Indian #General #Chief #seized

Full story at Economic Times

America is losing the battle of the Red Sea

The Houthis have mounted a significant challenge to global maritime security, disrupting shipping through the Bab el-Mandeb. Despite US efforts under Operation Prosperity Guardian, the group has cut Suez Canal traffic and threatened environmental disasters. This crisis highlights the falling cost of power-projection and strategic synergy among US adversaries.

Tags: #crisis #challenge

Full story at Economic Times

As US chips away at Chinese capacity, India takes big first steps

India is making significant strides in its semiconductor industry with new investments and partnerships, while China faces challenges due to US-led restrictions. Recent developments include a $10 billion investment in Maharashtra and a new OSAT facility in Gujarat. The Indian Semiconductor Mission is set to receive additional funding to boost the sector.

Tags: #Maharashtra #making #include

Full story at Economic Times

Two India-registered firms face US sanctions for ‘using deceptive practices’ to ship LNG from Russia

US Department of State issued statement saying it was imposing additional sanction measures to 'degrade' Russia’s attempts to operationalise its Arctic LNG 2 project.

Tags: #statement #issued #measures

Full story at ThePrint

What would you do in Mamata’s place? Not what she did at RG Kar, say Bengal’s people

I asked the protestors at a vigil for the RG Kar doctor this question. Many had a one-word answer: resign. But there were more considered replies, too.

Tags: #considered

Full story at ThePrint

TDP expels MLA Koneti Adimulam after party functionary alleges sexual harassment, writes to Chandrababu

Koneti, 67, who represents Satyavedu, a constituency reserved for SCs, was previously a YSRCP legislator and joined TDP ahead of this year’s general elections.

Tags: #party

Full story at ThePrint

Among CBI's litany of charges against RG Kar ex-chief, nexus with vendors, café contract for bodyguard

Probing alleged financial irregularities, CBI has arrested former RG Kar principal Dr Sandip Ghosh, his ‘close aides’ Biplab Singha and Suman Hazra, along with bodyguard Afsar Ali.

Tags: #alleged #arrested

Full story at ThePrint

25 new faces, dynasts & defectors welcome. BJP’s all-out bid to counter anti-incumbency in Haryana