Physics Wallah Expands Educational Footprint with Offline Centre in Delhi Indian edtech unicorn, Physics Wallah, has taken a significant step in its expansion journey by inaugurating its first offline educational centre in Saket, Delhi. This move is part of Physics Wallah’s ambitious expansion plan, which aims to establish 18 new educational centres across 12 cities …
Income Tax Department Introduces New Rules for Assessing ‘Angel Tax’ on Startup Investments In a move aimed at simplifying and streamlining the assessment of ‘Angel Tax,’ the Income Tax Department has introduced new rules that redefine the procedures for assessing the value of shares issued by unlisted startups to investors. These changes signify a significant …
BYJU’S CEO Arjun Mohan Announces Major Workforce Reduction and Restructuring Initiative Arjun Mohan, the recently appointed CEO of BYJU’S, has unveiled a significant restructuring plan that includes a substantial reduction in the workforce. This cost-control initiative is expected to affect both permanent and contractual employees, totaling over 5,000 individuals. The restructuring also involves the consolidation …
Dunzo Faces Financial Turmoil Navigating Troubled Waters Amid Layoffs Dunzo, once hailed as a game-changer in the on-demand delivery industry, now finds itself in precarious circumstances. The company, renowned for its ability to swiftly deliver a wide range of goods and services, is grappling with a formidable challenge—its own financial woes. This article explores Dunzo’s …
JPMorgan’s Chase Bank UK Implements Ban on Crypto Transactions Amidst Rising Scam Concerns JPMorgan’s Chase Bank in the United Kingdom is set to implement a significant policy change, as it imposes a ban on transactions to crypto platforms. This move, which is scheduled to take effect on October 16, 2023, has been prompted by a …