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Loan apps: Corporate affairs ministry probing Chinese companies linked to loan apps; investigations at advanced stages

In recent times, Indian authorities have been cracking down on entities that are operating loan apps illegally and the ministry has also been acting against companies and related individuals for hiding beneficial ownership.
National Capital Territory Of Delhi Serious Fraud Investigation Office Offering College Registrar Of Companies Ro Information Technology Meit Certificate Programme In Data Science Machine

Shadowfax funding: Shadowfax raises $100 million in latest funding led by TPG New Quest

Logistics startup Shadowfax will use the funds to extend its last-mile delivery services to cover 20,000 pincodes across India. The company is looking to include intercity operations in the coming three quarters. Part of the proceeds will be utilised to develop state-of-the-art services for D2C brands and further enhance Shadowfaxs express delivery network, the company said.
Uttar Pradesh Vaibhav Khandelwal Gaurav Jaithliya Amit Gupta Praharsh Chandra Abhishek Bansal

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Byju's rights issue: NCLT reserves orders on Byju's rights issue; gives three days to file written submissions

Four key Byjus investors, led by Dutch investment firm Prosus, told the NCLT that the company was allowed to issue capital of Rs 6 crore through the rights issue, but it was instead issuing Rs 40 crore, as mentioned in the offer letter. This violated the Companies Act, they said.
Uttar Pradesh Byju Raveendran Riju Ravindran Divya Gokulnath Certificate Programme In Data Science Machine National Company Law Tribunal

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