Centre directs scrutiny of Byju's books: Report
New Delhi: The Centre has ordered scrutiny into the accounts of education-technology company Byju’s, Bloomberg reported.
The company is already facing a tough situation following the resignation of its auditor and three board members in June.
According to the report, the Ministry of Corporate Affairs has ordered a report in six weeks.
The report stated that the examination of the books includes an internal assessment of the company’s current situation.
Based on the findings of the inspection, the government will decide if the matter needs to be escalated to the Serious Fraud Investigation Office, added the report.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.
JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.
LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).
De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News
RRAG raises racial violence against indigenous peoples in Bangladesh before UN human rights council
Tripura jailbreak: Two officials suspended, hunt for 4 fugitives continues
Israel detains Greta Thunberg, intercepts Gaza aid flotilla
'Any misadventure in the Sir Creek sector will invite a decisive response': Rajnath Singh warns Pakistan
