The Ministry of Corporate Affairs has asked Byju’s to explain why it hasn’t filed its audited financials for the year ending March 2021, according to a Bloomberg report.

Earlier this month, the Ministry of Corporate Affairs sent a letter to Byju’s parent company asking them to explain the seventeen-month delay in filing audited accounts.

With an eye on the Indian diaspora, jewellery major Titan has outlined a store expansion plan. The company will add 20-30 Tanishq stores over the next two to three years in the Middle East and North America, C K Venkataraman, MD, Titan, said during the launch of a campaign on Thursday.

Titan expects its sales to be higher by 15-20 per cent this festive season compared to last year, Venkataraman said during the launch of its initiative "Titan Shaurya".

GIC Housing Finance has said it is mulling to raise up to Rs 2,500 crore by issuing bonds on a private placement basis to augment its capital resources.

"Seeing the long-term borrowing requirement of the company and to augment resources at a cheaper rate of interest, approval is sought to mobilise some more funds by way of issue of redeemable NCDs/bonds on private placement basis," GIC Housing Finance said in its annual report 2021-22.

NDTV has said the Sebi in November 2020 banned its promoters for two years from buying or selling shares and any share transfer related to the news network’s acquisition by the Adani group would require the regulator’s approval.

NDTV said in a statement unless pending appeal proceedings were to successfully conclude, prior SEBI approval is needed for Adani to secure 99.5 per cent in the promoter group entity since this would consequently lead to acquisition of voting rights in respect of 29.18 per cent held by the RRPR Holdings in the news network.

Amazon is shutting down the hybrid virtual, in-home care service it's spent years developing, a surprising move that underscores the challenges it faces as it moves into health care.

The service, called Amazon Care, will end by December 31, according to an email sent to staff by Neil Lindsay, senior vice president of Amazon Health Services.

Bharti Enterprises Chairman Sunil Mittal is enhancing his stake in Bharti Airtel with the acquisition of 3.3 per cent stake in the telco from his Singapore-based partner Singtel for around S$ 2.25 billion (Rs 12,895 crore).

The share purchase will be done through the promoter arm Bharti Telecom and is expected to close within 90 days. The Mittal family’s current effective holding in Bharti Airtel is 24.13 per cent.

Oil and Natural Gas Corporation (ONGC) has relaunched a tender to sell gas from its KG fields at a higher price of USD 15 per mmBtu as it looks to capitalise on a global surge in energy prices.

The firm sought bids for the sale of 0.75 million standard cubic meters per day of gas for one year from the KG-DWN-98/2 (KG-D5) fields in the Bay of Bengal, according to the tender document.

Tata Consultancy Services (TCS) on Tuesday said that it would be paying 100 per cent variable pay for its 600,000-plus employees for the first quarter, according to media reports.

"We have come across completely incorrect reports on our compensation. Variable pay is either paid in month one or two as per the normal process, and there is no delay...100 per cent variable pay is being paid for Q1," TCS said in a statement, Moneycontrol reported.

The Warren Buffet-backed Chinese electric vehicle manufacturer BYD will be unveiling a Born Electric SUV for the Indian market by the fourth quarter of the current calendar year.

The deliveries of the same would begin in January, the company’s top official said. This will be the first Born Electric SUV in the mass market. The Born Electric models from Tata Motors and Mahindra and Mahindra would be launched from 2024.

Creditors of Future Retail Ltd have submitted claims worth Rs 21,324.18 crore against the debt-ridden company presently facing an insolvency resolution process.

The financial creditors of the companies, which mainly include banks and financial institutions, have filed claims of Rs 21,057.89 crore before the interim resolution professional of the company.

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