Indian startups raise $185 million
The deals included five growth-stage and 14 early-stage startups, while one startup chose not to disclose its funding details.
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Congress alleges SEBI probe into Adani stalled by ‘silence’ from tax-haven countries
Amidst PM Modi’s Cyprus visit, Congress alleges a key figure in the Adani “scam” holds Cypriot citizenship. Jairam Ramesh claims SEBI investigations are hindered by tax-haven countries’ lack of financial information sharing and India’s insufficient pressure. He links a Cyprus-based…
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Meesho to pay $288mn tax to come back
Meesho has received approval to relocate its base from the United States back to India. The e-commerce firm will demerge its Indian operations from its US parent. This move aligns Meesho’s structure with its Indian business. Other startups like Zepto…
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Tax experts raise concerns over misuse of GST audit notices
Tax experts have voiced concerns regarding the overuse of GST audit scrutiny notices under Section 74(A), intended for fraudulent cases, during a GST conclave. They argue that these notices are being issued for genuine discrepancies, leading to unnecessary penalties and…
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OnePlus India audit flags glitches, PF payment lags
Auditors flagged OnePlus Technology India for hosting accounting software on foreign servers, using non-English program codes, delayed employee provident fund payments, and pending tax assessments. The company is addressing issues amid scrutiny from the ED and Income Tax Department and…
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Auto companies to roll out double-digit pay hikes
The automotive sector is set to lead salary hikes in FY25, offering an average increase of 10.1%, ahead of the 8.8% average across India Inc, according to Deloitte’s latest study. The hikes are driven by demand for talent in areas…
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