Byju’s to face audit unless salaries are paid, says NCLT

The NCLT said that an audit would be carried out by the Institute of Chartered Accountants of India (ICAI) if the detect company fails to pay salaries.

A Bengaluru bench said on Thursday, “You are a company that is functioning. Surely you should be having revenues,” upon hearing the pleas of unpaid employees.

Telangana sets the stage for India’s distinct esports policies: Exclusive

In addition to the basic rate of 30 percent, a health and education cess at the rate of 4 percent of the amount of tax is levied. Thus the effective tax rate on lottery winnings comes up to 31.2 percent. (Image sourced via Unsplash)

Stakeholders met Telangana’s IT Minister to address issues like taxation on esports prize pools, distinguishing between skill-based and chance-based games, regulating gaming content creators and establishment of regulatory bodies.

OnePlus India appoints Chinese exec as head of India operations amid govt’s push for local talent

OnePlus India has not had an Indian exec at the helm of its local operations since Navnit Nakra’s exit in June 2023. (Image source: Unsplash)

The Indian government has been pushing for the appointment of locals in top decision-making roles. However, a lot of Chinese handset brands are yet to start pursuing this initiative, largely because of the ongoing scrutiny and legal concerns.

YouTube now allows users to request removal of AI-generated deepfakes

The program will roll-out starting with Flipkart and Myntra.

The new policy, as stated on YouTube’s support page, states, “If someone has used AI to alter or create synthetic content that looks or sounds like you, you can request its removal. To qualify for removal, the content should depict a realistic altered or synthetic version of your likeness.”

Tech leaders write open letter to UN over global digital compact

The latest draft of the GDC will undergo review this week by UN representatives in New York.

The Global Digital Compact aims to establish a framework for global digital cooperation, define principles for an open, free, and secure digital future, and accelerate progress on the UN’s Sustainable Development Goals.

SoCheers wins the digital mandate for ASUS India

A leader in motherboards and gaming products, ASUS is also one of the top three consumer notebook manufacturers globally.

The account was won following a multi-agency pitch involving several rounds of presentations and will be handled from the agency’s Mumbai office.