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Koushik Roy

Byju's Crisis Deepens: BDO Resigns as Auditor, Demands Forensic Audit Following Deloitte Exit

Byju’s Crisis Deepens: BDO Resigns as Auditor, Demands Forensic Audit Following Deloitte Exit

Byju’s Faces Auditor Resignation Amidst Financial Crisis The Edtech giant Byju’s is currently grappling with a significant crisis as its auditor, BDO (specifically MSKA & Associates), has resigned from its role. BDO was initially appointed to audit Byju’s and Aakash Educational Services for five years, starting June 2023. This resignation follows the previous departure of ...

Koushik Roy

GST Notice for Payment Companies on Transactions Under Rs 2000: Key Details Inside

GST Notice for Payment Companies on Transactions Under Rs 2000: Key Details Inside

Payment Companies Face GST Demand Notices Over Transaction Fees In recent developments, several prominent payment companies, including BillDesk and CCAvenue, have received Goods and Services Tax (GST) demand notices from authorities. These notices pertain to the fees charged by these companies from merchants for digital transactions that are less than Rs 2,000. As reported by ...

Koushik Roy

Adani Group Launches Subsidiary in China for Project Management Services

Adani Group Launches Subsidiary in China for Project Management Services

Adani Group Expands Global Presence with New Subsidiaries The Adani Group, a multi-faceted conglomerate based in India, is intensifying its global operations by establishing a new subsidiary in China, named Adani Energy Resources (Shanghai) Company (AERCL). This strategic move, announced on September 8, 2024, comes as a significant step in the group’s ongoing efforts to ...

Koushik Roy

Will a 0.25% Rate Cut by the Fed Boost the US Economy?

Will a 0.25% Rate Cut by the Fed Boost the US Economy?

Upcoming Federal Reserve Meeting: A Critical Juncture for U.S. Economy The Federal Reserve (Fed), the central banking system of the United States, is set to convene for a significant monetary policy meeting on September 17-18, 2023. With current economic indicators suggesting a slowdown in growth and low inflation, economists and investors alike are keenly anticipating ...