Articles for author: Market News

Market News

Byju’s defies auditor BDO’s resignation, alleging unethical demands for backdated reports amid ongoing insolvency proceedings. Tensions escalate dramatically.

Byju’s defies auditor BDO’s resignation, alleging unethical demands for backdated reports amid ongoing insolvency proceedings. Tensions escalate dramatically.

Byju’s, the troubled edtech company, has responded to the resignation of its auditor BDO, claiming that BDO made unethical requests, including asking to backdate reports. Byju’s insists it complied with all legal requests but refused to engage in any illegal activities. They also argued that BDO’s resignation came after the 45-day deadline for additional information, ...

Market News

Maharashtra celebrates Ganesh Chaturthi, as Chief Minister Shinde welcomes the deity, praying for prosperity amidst challenges faced by farmers.

Maharashtra celebrates Ganesh Chaturthi, as Chief Minister Shinde welcomes the deity, praying for prosperity amidst challenges faced by farmers.

Maharashtra’s Chief Minister Eknath Shinde celebrated the start of the ten-day Ganesh Festival by welcoming Lord Ganesh to his official residence in Mumbai. Accompanied by his wife and son, Shrikant Shinde, the CM performed a traditional puja, praying for the state’s well-being and prosperity. He noted the good rainfall this year, expressing hope for a ...

Market News

The NDA clings to a slim Rajya Sabha majority, leveraging key defections to advance crucial legislation amid a shifting political landscape.

The NDA clings to a slim Rajya Sabha majority, leveraging key defections to advance crucial legislation amid a shifting political landscape.

The BJP-led NDA holds a slim majority in the Rajya Sabha, bolstered by six nominated members, allowing for crucial support on key legislation like the Waqf (Amendment) Bill. With recent by-elections, the Upper House now has an effective strength of 234, with the NDA comprising 119 members, surpassing the halfway mark of 117. Meanwhile, the ...

Market News

Tata Power’s Odisha Discoms award ₹11,481 crore in contracts, empowering local vendors and transforming the region’s economy.

Tata Power’s Odisha Discoms award ₹11,481 crore in contracts, empowering local vendors and transforming the region’s economy.

Tata Power-led Odisha Discoms have made a significant investment by awarding contracts worth Rs 11,481 crore to local contractors and suppliers. Over the past three years, these contracts have focused on supporting local businesses, with Rs 8,690 crore going to micro, small, and medium enterprises (MSMEs) and Rs 2,791 crore to larger firms. The contracts ...

Market News

Byju’s faces turmoil as auditor BDO resigns amid insolvency, triggering a forensic audit, while the company’s value plunges dramatically.

Byju’s faces turmoil as auditor BDO resigns amid insolvency, triggering a forensic audit, while the company’s value plunges dramatically.

Byju’s, the Indian edtech giant, is facing significant challenges as its auditor, BDO Global, has resigned amid ongoing insolvency proceedings. The company claims it could not provide the requested documents because its board is currently suspended due to these proceedings. Byju’s has requested a forensic audit of BDO’s resignation, which was ordered by an insolvency ...

Market News

Wrestlers Vinesh Phogat and Bajrang Punia join Congress as candidates announced for Haryana elections, heightening political drama.

Wrestlers Vinesh Phogat and Bajrang Punia join Congress as candidates announced for Haryana elections, heightening political drama.

The Congress party recently revealed its first list of 31 candidates for the upcoming Haryana Assembly elections, scheduled for October 5. Wrestler Vinesh Phogat has been nominated to contest from the Julana seat, having recently joined the party alongside fellow wrestler Bajrang Punia. Former Haryana Chief Minister Bhupinder Singh Hooda is set to run from ...

Market News

The JPC debates the contentious Waqf Amendment Bill, as ASI warns of conflicts over heritage sites and property claims.

The JPC debates the contentious Waqf Amendment Bill, as ASI warns of conflicts over heritage sites and property claims.

The Joint Parliamentary Committee (JPC) held its fourth meeting to discuss the Waqf Amendment Bill, 2024, where senior officials from the Archaeological Survey of India (ASI) presented their concerns. Various stakeholders, including the Zakat Foundation and the Telangana Waqf Board, expressed their opinions on the bill, which aims to address issues related to Waqf properties. ...

Market News

Trump’s sentencing delayed to post-election, averting potential jail time as he rallies against political opponents amid a tumultuous campaign.

Trump’s sentencing delayed to post-election, averting potential jail time as he rallies against political opponents amid a tumultuous campaign.

Donald Trump will avoid sentencing in his New York hush money trial until after the upcoming presidential election in November, according to a ruling by Acting State Supreme Court Justice Juan Merchan. Originally set for September 18, the sentencing has been postponed to November 26, allowing Trump to focus on his campaign without the distraction ...

Market News

Odisha CM Majhi inaugurates India’s first silicon carbide facility, promising economic growth, innovation, and over 500 new jobs.

Odisha CM Majhi inaugurates India’s first silicon carbide facility, promising economic growth, innovation, and over 500 new jobs.

Odisha Chief Minister Mohan Charan Majhi recently attended the groundbreaking ceremony for India’s first silicon carbide manufacturing facility in Odisha, with an investment of Rs 620 crore. The project, developed by RIR Power Electronics Limited in Bhubaneswar’s EMC Park, aims to position Odisha as a leader in the global power electronics Market. The facility will ...

Market News

Punjab CM Bhagwant Mann urges Haryana voters to choose AAP for progress, promising jobs, education, and healthcare in the October elections.

Punjab CM Bhagwant Mann urges Haryana voters to choose AAP for progress, promising jobs, education, and healthcare in the October elections.

Punjab Chief Minister Bhagwant Mann urged Haryana voters to choose the Aam Aadmi Party (AAP) in the upcoming Assembly elections for better education, jobs, and healthcare. Speaking at public meetings in Kalayat and Jakhal on September 6, he emphasized that the people of Haryana should “press the ‘jharoo’ button” to secure a brighter future. Mann ...

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