Three senior executives have resigned from Byju's at a time when the most valuable edtech company has been trying to address challenges such as due diligence issues, legal battles with lenders, challenges in raising fresh capital, and a markdown in its valuation by investors. Prathyusha Agarwal, the chief business officer of Byju's, has quit, according to sources. They said Himanshu Bajaj, business head of Byju's tuition centres, and Mukut Deepak, business head for Class 4 to 10, have also moved on.
Prabhat K Goyal, CFO, Network Associates, faces criminal charges for an accounting scam that duped investors by inflating the company's sales figures.
Motorola has modified the terms of compensation for co-chief executive Jha, including a bigger paycheck, if the restructuring falls through.
After oscillating over 486 points, the 30-share Sensex settled 38.44 points, or 0.10 per cent, lower at 39,020.39. It hit an intra-day low of 38,840.76 and a high of 39,327.15.
The move indicates that Morgan Stanley would keep a watch on its risk-taking ability a year after the global financial meltdown.
The U.S. Federal Bureau of Investigation and others have been investigating whether Texas billionaire Allen Stanford was involved in laundering drug money for Mexico Gulf cartel, ABC News reported on Wednesday, citing federal authorities.
Texas billionaire Allen Stanford and three of his companies were charged with "massive" fraud on Tuesday as federal agents swooped down on his US headquarters. In a civil complaint filed in federal court in Dallas, the US Securities and Exchange Commission accused Stanford, who sponsored international cricket matches, and two other executives of fraudulently selling $8 billion in high-yield certificates of deposit in a scheme..
Subway surpassed McDonalds in terms of number of stores in the US in 2002 and now it has taken the global lead.
After Chanda and Deepak Kochchar, the Kudvas are the second power couple in the financial world to come under the regulatory glare.
Goldman Sachs could end up paying $1 billion (670 million pounds) fine if it wants to settle the criminal lawsuit with the US regulator Securities and Exchange Commission, according to a media report.
Had plans to invest $250 mn in the US polyester manufacturer's facility.
Apple's iconic chief Steve Jobs is back at work and his return will fuel debate over the company's disclosure practices which have drawn the attention of the Securities and Exchange Commission, says a media report.
Former WorldCom Inc chief executive Bernad J Ebbers has been indicted on Federal criminal fraud charges in New York for his alleged role in the nation's largest accounting scandal.
According to The Wall Street Journal, Deutch joined Citi's board in 1996, after leading the Central Intelligence Agency.
The US Securities and Exchange Commission (SEC) team met the six-member government appointed board of the Satyam Computer Services here on Thursday.
The company has filed a registration statement with US market regulator Securities and Exchange Commission for a proposed initial public offering of its ordinary shares, MakeMyTrip Ltd said.
With India set to adopt IFRS in 2011, a number of legal/regulatory issues need addressing for a smooth transition to the globally-followed accounting standard.
According to the US Securities and Exchange Commission, Bartz received a base salary of $969,872 last year and also got a performance-related bonus valued at $1.5 million. In addition, she received $42.1 million in the form of stock and stock options and other compensation of $2.61 million, thus, taking the total pay package to $47.22 million, the filing added.
She was found guilty in January of duping investors and lying about the technology after a three-month trial.
Sebi is learnt to have written to several regulators including those in Bermuda, Luxembourg, and Switzerland, seeking detailed information on some FPIs.
Scam-hit Satyam seems to be losing its status as a noteworthy rival for the top Indian IT firms, as Wipro has become the second major player in this space after Infosys to drop its name from the list of competitors.
Dr Zachariah P Zachariah, arguably the most influential Indian- American Republican and a major fund-raiser for the party for more than two decades and a close friend of the Bush family, has been charged with insider trading by the United States's Securities and Exchange Commission.
Internet major Yahoo Inc's chief technology officer has expressed his inclination to resign, the company revealed in a US Securities and Exchange Commission filing on May 30.
There's a churn in Infosys' highest paid senior executives' list for financial year 2007-08, with Nandan Nilekani, S Gopalakrishnan and S D Shibulal conspicuously missing from the top five.According to a filing by IT bellwether to the US Securities and Exchange Commission, B G Srinivas, Ashok Vemuri and T V Mohandas Pai were the highest paid executives in FY08.
In its annual report filed with the US Securities and Exchange Commission for 2008, Nasdaq-listed SanDisk has stated it is facing risks due to the situation at Satyam, which is the system integrator for installing a new ERP system for the memory disk maker.
Eddie Lampert and Warren Buffett get ready to sell you a ride.
Cuban faces insider trading charges for avoiding a $750,000 loss on an investment in an Internet search company.
W L Ross & Co has acquired 1.8 million American Depository Receipts (ADRs) of Satyam (Mahindra Satyam) from NYSE Euronext for $4.6 million (over Rs 20 crore) at an average price of $2.5 per share, the parent firm of W L Ross, Invesco, said in a Securities and Exchange Commissions (SEC) filing.
Titan's October-December quarter (Q3) business update claims 22-23 per cent revenue growth in the standalone jewellery sales (excluding bullion sales), implying a 4-year compound annual growth rate (CAGR) of 21.3 per cent. Store additions also looked healthy, with 21 new Tanishq stores opened in Q3, taking the total count to 466 (+43 in 9 months of FY24) including two in the US and one in Singapore. Titan added 90 stores in Q3, pushing its total retail outlets to 2,949 (including CaratLane).
For someone who has worked as a federal criminal prosecutor for the better part of her life, it was a challenge for Anjali Chaturvedi to act as defence attorney in an alleged white collar crime. But her success vindicated her lifelong conviction that she should never shy away from challenges.
The list, posted on a website link launched by the US regulator, includes ABB, HSBC, Nokia, Unilever, Cadbury, Total and Siemens among others.
The Centre has recovered around Rs 95.86 crore from at least 11 crypto exchanges for evading goods and services tax (GST), according to data released by Parliament on Monday. The amount includes interest and penalty. The GST investigation department has detected a total tax evasion of Rs 81.54 crore by crypto exchanges that include WazirX, Coin DCX, CoinSwitch Kuber, Buy Ucoin, UnoCoin and Flitpay, among other exchanges. In a written reply to Lok Sabha, minister of state (MoS) for finance Pankaj Chaudhary said 11 cases of GST evasion by cryptocurrency exchanges have been detected by central GST formations.
