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Anonymous

Stealth • 5m

The Ministry of Corporate Affairs (MCA) has clarified that the investigation into allegations of financial misconduct against the troubled edtech startup Byju's is still ongoing. The clarification comes after a media report claimed that the government had exonerated Byju's of financial fraud. On June 26, Bloomberg said that the Indian government's investigation acknowledged lapses in Byju’s corporate governance but found no evidence of financial fraud. According to the report, the yearlong probe by the Ministry of Corporate Affairs did not uncover any wrongdoing such as fund siphoning or manipulation of financial accounts. However, the MCA has disputed these claims, stating that the investigation has not yet concluded. "Recent reports suggesting that Byju's has been cleared of financial fraud in an ongoing investigation by the Ministry of Corporate Affairs (MCA) are factually incorrect and misleading,' the MCA said.

0 replies2 likes

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Anonymous

Stealth • 5m

An india government investigation found out lapses in byju's corporate governance, but cleared byju's of any financial fraud! Will this come as a relief to this company, which was once valued at $22Bn!!!!

4 replies8 likes

Mohammed Zaid

Stealth • 12d

China has launched an anti-monopoly investigation against Nvidia amid ongoing US-China tech tensions

2 replies2 likes

Varun Jeph
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The NineHertz • 15d

Indians Are Losing Rs 41 Crore Every Day To Cyber Crimes: As per the data from the Indian Cyber Crime Coordination Centre (I4C), a division of the Ministry of Home Affairs, India suffered cyber fraud losses amounting to Rs 11,333 crore in the first

0 replies4 likes

Anonymous

Stealth • 6m

Ministry of Defence has issued the RFP to HAL for the procurement of 156 Light Combat Helicopter

1 replies5 likes

Somen's 8D world

Stealth • 7m

is this the ending? 😭 Delaware court restricts Byju’s from use of $533 mn parked overseas Riju Ravindran, co-founder of edtech company Byju's, has been penalized by a US court for contempt of court. The court found Ravindran in contempt for refus

4 replies5 likes

Arcane

Stealth • 5m

ONE INTERESTING OBSERVATION SERIES DAY #2 With the surge in digital payments, UPI has become the most popular payment method in India. However, it's also the most targeted by fraudsters. In 2022, UPI accounted for a staggering 55% of all fraud case

10 replies10 likes

Anonymous

Stealth • 3m

💀UAE Shaikh's personaly observing Pavel durov case in france and building pressure. Sheikhs have jumped in with both feet for Durov - the UAE Ministry of Foreign Affairs demanded that France provide the Telegram owner with full consular services.

3 replies8 likes

Nawal
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SELF • 7m

‼️ In a 63-page order, the Registrar of Companies (NCT of Delhi & Haryana), a division of the Corporate Affairs Ministry, stated that LinkedIn India and the aforementioned individuals failed to comply with the SBO regulations stipulated by the Compan

3 replies7 likes

Pranjal Pandey
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CompSci • 8m

Starting a startup in India involves several legal considerations. Here's a detailed point-wise list of the general legal processes : 1. Choose a Business Structure : Decide on the legal structure of your startup, such as Sole Proprietorship, Partne

5 replies9 likes

Vivek Sharma

Stealth • 3m

The Labour Ministry has opened an investigation into Ernst & Young (EY) following the tragic death of 26-year-old Chartered Accountant, Anna Sebastian. Her family has come forward, citing an excessive workload and high-pressure environment as key fac