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Finance Minister Nirmala Sitharaman on Monday held a meeting with the heads of several fintech companies and startups during which she emphasised the need for strict adherence to official regulations and giving paramount importance to the protection of consumer interests, a senior official confirmed.
Shree Cement has received an assessment order against the demand of Rs 261.88 crore from the Income Tax department.
The current total order-book for this small company is Rs1,027 crore, with the higher margin defence segment comprising the majority, at Rs889 crore, accounting for 87% of the total order-book.
Leading financial services company Paytm said on Monday that its founder and CEO Vijay Shekhar Sharma has stepped down as Non-Executive Chairman and Board Member of Paytm Payments Bank Ltd (PPBL), as the Reserve Bank of India (RBI) ban on the bank's operations inches closer.
Byju’s is set to go down as the most spectacular corporate flameout. Little more than a year ago, India boasted five decacorns, an elite group of only 47 start-ups around the world valued at US$10bn (billion). Of these, the most valuable Indian decacorn was Byju’s.