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Maintain same GST on online games of skill: IAMAI to Centre
Maintain same GST on online games of skill: IAMAI to Centre

New Delhi,  The Internet and Mobile Association of India (IAMAI) on Monday appealed to the Centre and the GST Council to maintain status quo on GST rates on online games of skill to let the industry survive.

The current rate of GST on this sector of online skill gaming industry is 18 per cent on the Gros

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Adani may say no, analysts don't rule out group's entry into consumer mobility
Adani may say no, analysts don't rule out group's entry into consumer mobility

Chennai,  The Adani Group's announcement on entering the telecom sector seemed to have its impact on the shares of two other players - Bharti Airtel and Vodafone Idea - at bourses on Monday.

While the troubled Vodafone Idea's scrip gained 3.44 per cent to reach Rs 8.72, the stronger Bharti Airtel

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RBI announces measures for settlement of international trade in rupees
RBI announces measures for settlement of international trade in rupees

Chennai,  The Reserve Bank of India (RBI) on Monday announced an additional framework for invoicing, payment, and settlement of exports/imports in Indian rupees.

According to the RBI, the authorised dealer banks should get the prior approval from its Foreign Exchange Department.

The central ban

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Unacademy founders take pay cuts, no free meals or snacks for employees
Unacademy founders take pay cuts, no free meals or snacks for employees

New Delhi,  As the funding winter hit edtech startups and unicorns in India, Unacademy founders and management are taking pay cuts and employees will not get complimentary meals and snacks across its offices, the company's Founder Gaurav Munjal has told employees.

In an internal email, Munjal said th

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BYJU'S says received funds from 11 out of 13 VCs in Rs 3,600 cr round
BYJU'S says received funds from 11 out of 13 VCs in Rs 3,600 cr round

New Delhi,  Edtech platform BYJU's on Monday said that the company has received funds from 11 out of 13 investors in a Rs 3,600 crore funding round which started in June last year.

New York-based Oxshott in September 2021 invested Rs 1,200 crore as part of the Series F round at Rs 285,072 per share,

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IT raids at premises of 2 builder groups in Bengaluru, Hyderabad
IT raids at premises of 2 builder groups in Bengaluru, Hyderabad

New Delhi,  The Income Tax Department on Monday said it has carried out search and seizure operations against two leading real estate groups in Bengaluru and Hyderabad. The two groups are engaged in construction, sale, leasing of commercial and residential space, and in educational and hospitality services.

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Economy/Business
'To maintain majesty of law': SC sentences Vijay Mallya to 4-month imprisonment
'To maintain majesty of law': SC sentences Vijay Mallya to 4-month imprisonment

New Delhi,   The Supreme Court on Monday sentenced fugitive businessman Vijay Mallya to four months' imprisonment for contempt of court in 2017, as he had suppressed information from the court.

It also ordered Mallya to deposit $40 million -- which he had transferred to his family members in vio

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Regional North
Cop suspended after youth's death in custody in J&K
Cop suspended after youth's death in custody in J&K

Srinagar,  A policeman was placed under suspension on Monday following the death of a youth allegedly in police custody at the Nowgam police station in Jammu and Kashmir.

The police said a person named Muslim Muneer was called to Nowgam police station in connection with an FIR lodged in a theft case.

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Tamilnadu/Pondy
TN forms panel to strengthen Maths, Science of govt school students
TN forms panel to strengthen Maths, Science of govt school students

Chennai,  The Tamil Nadu government has constituted an expert panel comprising senior College professors in Science and Mathematics streams for launching a special initiative for students from Class VI to VIII in government and aided schools.

A recent study conducted by the Tamil Nadu school education de

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Delhi Dossier
ED attaches assets worth Rs 14 cr in cryptocurrency cheating case
ED attaches assets worth Rs 14 cr in cryptocurrency cheating case

New Delhi,  The Enforcement Directorate (ED) on Monday said it has attached assets worth Rs 14 crore in the Morris Coin cryptocurrency cheating case under the Prevention of Money Laundering Act (PMLA).

The attached assets include the balance in the bank accounts of Flywithme Mobile LLP (a firm owned by N

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