The Indian Union government has just demanded an audit of Byju's account books, putting the education-technology behemoth under scrutiny. This event comes in the wake of three board members and the company's auditor, Deloitte Haskins & Sells, resigning, which raised questions about the business's financial situation.
Byju's is facing an investigation by the SFIO regarding alleged financial irregularities, including delayed financial reporting and the resignation of its statutory auditor. The SFIO, a multi-disciplinary organization, has been tasked with probing these matters. The ED has also investigated alleged irregularities at Byju's, questioning the authenticity of the company's figures. , Companies News, Times Now
The Internet and Mobile Association of India (IAMAI) – whose members include companies like Google, Meta, and Microsoft – earlier sent a note to the committee set up by the MCA, opposing ex-ante regulations for the sector, saying it will disincentivise companies from scaling beyond a particular limit.
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On May 25, the Government of India’s Ministry of Finance issued a notification to mint ₹75 coin to mark the inauguration of the new Parliament building.