Byju’s Dismisses Employees Via Calls Amid Financial Crisis
Byju’s, the Indian education technology (edtech) major valued at $22 billion just two years ago, finds itself in hot water following reports that it terminated between 100 and 500 employees over phone calls, without proper notice or adherence to a performance improvement plan (PIP). This news comes as Byju’s grapples with ongoing financial difficulties exceeding […]
Zomato Receives ₹184 Cr Service Tax Penalty Notice
Online food delivery platform Zomato is locked in a tax battle with the Indian authorities. The company received a demand and penalty order for a staggering Rs 184 crore, a significant sum that they plan to vigorously contest. Service Tax and Penalty on Foreign Transactions The dispute centers on alleged non-payment of service tax between […]
T-Series’ Monthly Album, EP Releases Revealed
India’s music giant, T-Series, is rewriting the music release playbook with a groundbreaking strategy. In a move that capitalizes on the ever-evolving preferences of music consumers, the label announced a plan to unleash a tidal wave of fresh content – multiple Extended Playlists (EPs) and albums dropping every month. This ambitious initiative, spearheaded by Bhushan […]
FSSAI Directs: Avoid ‘Health’/’Energy’ Label on Malts
The Food Safety and Standards Authority of India (FSSAI) is taking a strong stance against misleading labeling practices on e-commerce platforms. In a recent directive, the regulatory body has instructed all online retailers to stop using the terms “health drink” or “energy drink” for products categorized as malt-based beverages. This move aims to ensure transparency […]
SBI Mutual Fund Invests in 3% of Savita Oil
In a move that ripples through the Indian financial landscape, SBI Mutual Fund, a giant in the domestic mutual fund industry, recently acquired a 3% stake in Savita Oil Technologies. This strategic acquisition underscores SBI Mutual Fund’s bullish sentiment on Savita Oil, a company that has been experiencing a stellar year. Savita Oil’s stock price […]
Kala Namak Rice Export Cap Set at 1,000 Tonnes by Govt
The Indian government, steering the world’s dominant rice industry with an annual production exceeding 135.5 million tonnes , has taken a calculated step towards introducing a new contender on the international rice scene. On Tuesday, they announced a shift in policy, permitting the export of up to 1,000 tonnes of Kala Namak rice. This aromatic, […]