Investor Prosus Cites Concerns: Alleges BYJU’S Regular Disregard for Advice Amid Board Exit In a surprising development, investor Prosus has decided to exit the board of BYJU’S, a prominent player in the edtech sector. The decision follows repeated allegations of the company disregarding investor advice and concerns. The move highlights potential challenges in navigating investor-startup …
SEBI Initiates Revolutionary Move: Instant Settlement of Stock Market Trade in the Works In a landmark development, the Securities and Exchange Board of India (SEBI) has taken a bold step towards revolutionizing the stock market with the introduction of instant settlement for trades. Leveraging cutting-edge technology, SEBI aims to enable real-time transactions, optimizing efficiency, and …
ITC Board Greenlights Demerger of Hotels Business: A Strategic Shift in Corporate Focus ITC’s demerger strategy involves segregating its hotels business from its non-hotel businesses. The demerger is expected to create separate entities, optimizing operational efficiency and facilitating focused growth strategies for each division. ITC’s New Direction as it Streamlines its Hotel and Non-Hotel Segments …
Tesla’s Bold Move: Electric Car Tailored for India’s Market, Plans for Local Manufacturing Base Unveiled In a groundbreaking move, Tesla has unveiled its strategic vision to tap into the burgeoning Indian electric vehicle (EV) market. The company is planning to introduce an affordable electric car, tailored specifically for Indian consumers, priced at approximately Rs 20 …
1 Lakh Notices Sent by FM for Non-Filing of Returns and Misreporting Income In a significant move to curb tax evasion and non-compliance, the Finance Ministry has issued a staggering 1 lakh notices to individuals suspected of not filing their income tax returns and misreporting their income. As authorities intensify their efforts to strengthen tax …