Tuhin Kanta Pandey has been appointed as the new finance secretary, succeeding T V Somanathan. Pandey, currently the secretary of DIPAM, is known for his role in the sale of Air India and the listing of Life Insurance Corporation. He…
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Troubled edtech company Byju’s said in a statement that its auditing firm, MSKA Associates, an affiliate of BDO International, resigned because Byju’s refused to backdate its financial reports. The auditing firm informed the company’s board of its resignation as the…
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The GST Council will meet to discuss important topics like insurance premium taxation, an amnesty scheme, and rate rationalization. They will also review GST on online gaming and tackle fake registrations. Chaired by Finance Minister Nirmala Sitharaman, the council aims…
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ISM, a division within the Digital India Corporation tasked with furthering the country’s semiconductor manufacturing, packaging, and design capabilities was first established in 2022 with a budgetary allocation of $ 10 billion. “The second phase of ISM will be launched…
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Backed by General Atlantic, Byju’s was valued at $22 billion in 2022, but has seen its fortunes dwindle due to many regulatory issues and more recently a dispute with U.S. lenders who are demanding $1 billion in unpaid dues, triggering…
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The Tata Group’s aviation business, including Air India and Vistara, reduced losses to ₹6,337 crore from ₹15,414 crore. Air India saw a 24% revenue increase to ₹51,365 crore. Tata Digital’s business grew 148%, but net losses widened. Tata Sons’ net…
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