India

Byju's, once India's most valued startup, is fighting for its life in courts in India and the U.S.

A proposal aimed at enhancing auditor responsibility for preparing consolidated financials has led to a clash between two of India's accounting regulators.

In the latest example of accounting firms taking on outside investments, the internationally focused firm has sold a minority stake to an Indian billionaire.

The Securities and Exchange Board of India found that about 20 billion rupees may have been diverted from the entertainment company.

The move may heighten concerns about accounting quality at the Indian conglomerate targeted by short seller Hindenburg Research.

Apart from a raid by India's financial crime-fighting agency, the tutoring startup failed to file its financial accounts on time, and U.S. investors accuse it of hiding half a billion dollars.

The education-technology titan has been rocked by the resignation of its auditor and three board members.

The resignation is the latest setback for Byju, the once high-flying startup that is embroiled in a tussle with creditors over a $1.2 billion loan.

The auditor cited insufficient disclosures around the company's transactions with certain entities.

The short-seller allegations against billionaire Gautam Adani are once again reviving questions about the country's role as a tax haven for India's tycoons.