WhatsApp Bans 🚫, DHFL Auditors Fined 🤔, Diesel Sales Drop 📉

Catch up on the latest in 🇮🇳 Indian 🇮🇳 startups and tech landscape - all in 5 minutes. [Newsletter Banner] Daily 🇮🇳 IndiaTech 🇮🇳 Roundup Welcome to today's edition of the NextBigWhat Daily IndiaTech News! Today's top stories include WhatsApp bans, fines for DHFL auditors, and a drop in diesel sales. 📰 Help us reach your your friends and colleagues! Share the NextBigWhat newsletter. [Tweet it]( [Whatsapp]( WhatsApp bans over 7.4 million accounts In India in August 🇮🇳 IndiaTech - Among the restricted WhatsApp accounts in India are 3,506,905 accounts that were proactively blocked before any user complaints. WhatsApp deactivated 72.28 lakh accounts nationwide in September, of which 3.1 lakh were deactivated proactively. - This year, the government introduced the Grievance Appellate Committee (GAC) mechanism, which enables users to file grievances against judgments made by social media platforms on a new portal. ⭐⭐⭐ Rating: 3 out of 5. DHFL auditors face Rs 18 lakh fine and up to 1 year suspension by NFRA 📈 India Business - The National Financial Regulatory Authority (NFRA) has penalized 18 auditors of Dewan Housing Finance Corporation Ltd (DHFL) for professional misconduct. - The penalties include a total fine of Rs 18 lakh and debarments ranging from six months to one year. - The auditors were involved in the statutory audit of various DHFL branches in the fiscal year 2017-18, and were found to have committed various lapses in audit and professional misconduct. PhonePe’s App Store: 3+1 questions [NBW Newsletter Ad]( nextbigwhat brings you curated news, product and tech trends across a range of industries. PhonePe has announced the launch of its upcoming app store (Indus), which is the result of its earlier acquisition of IndusOS. The PR so far has been about anti-Google stand. [Read]( Diesel sales in India drop 3% in September, while petrol sales increase by 5.4% 📈 India Business - Diesel sales in India decreased by 3% in September due to a receding monsoon and slowed industrial activity, while petrol sales rose. - Despite the drop, diesel remains the most consumed fuel in the country, accounting for about two-fifths of the demand. - With steady economic activity and ongoing air travel recovery, India’s oil demand is projected to rise for the remainder of the year. Coal India reports 12.6% increase in September production 📈 India Business - State-owned Coal India Ltd (CIL) reported a 12.6% year-on-year increase in coal production to 51.4 million tonnes (MT) in September. - The company’s output from April to September also rose by 11.3% to 332.9 MT, compared to 299 MT the previous year. - CIL’s coal offtake in September also increased by 12.6% to 55.1 MT, and by 8.6% to 360.7 MT for the April-September period. Get NBW News: The short news app for busy professionals. [App Store]( [Google Play]( Dunzo co-founder Dalvir Suri departs amidst company’s financial struggles 🇮🇳 IndiaTech - Dalvir Suri, co-founder of quick commerce platform Dunzo, has left the company, which is currently facing financial difficulties including delayed salaries and mass layoffs. - CEO Kabeer Biswas confirmed Suri’s departure, noting his significant contributions and hinting at upcoming organizational changes. - Dunzo, which has already laid off over 400 employees this year, is seeking new funding to survive, with potential to raise $30-35 million. Mahanagar Gas Ltd announces price reduction for CNG and PNG in Mumbai 📈 India Business - Mahanagar Gas Ltd (MGL) has reduced the prices of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in Mumbai, with CNG dropping by ₹3 per kilogram and PNG by ₹2 per standard cubic meter. - The revised prices are ₹76.00 per kilogram for CNG and ₹47.00 per SCM for Domestic PNG. - The price reduction follows a decrease in the price of domestically produced High-Pressure High-Temperature (HPHT) Natural Gas by the Centre. ISRO plans second Mars mission, Mangalyaan-2, nine years after initial success 🇮🇳 IndiaTech - ISRO is developing the Mars Orbiter Mission-2, or Mangalyaan-2, aiming to replicate the success of the first Mars mission. - The mission will carry four payloads to study Mars’ atmosphere, environment, and interplanetary dust. - The original Mangalyaan mission, launched in 2013, made India the first country to reach Mars orbit on its first attempt. BYJU’S targets profitability by March 2024, considers selling Epic 🇮🇳 IndiaTech - BYJU’S is restructuring its operations into four core areas and reducing its workforce by 3,000-3,500 to achieve break-even by March 2024. - The company, which reported a loss of ₹4,588 crore in FY21, is set to finalize its delayed 2021-22 financial results in October. - To settle a $1.2 billion Term Loan B, BYJU’S is considering selling off Epic and possibly Great Learning, pending lender approval. Commercial LPG cylinder prices in India increase by ₹209 📈 India Business - Commercial LPG cylinder prices in Mumbai, Kolkata, and Chennai have been revised to Rs1,684, Rs1,839.50, and Rs1,898 respectively. - This increase follows two consecutive reductions of approximately ₹250 in August and September. - Prices for 14.2 kg domestic cooking gas cylinders remain unchanged, while beneficiaries of the Pradhan Mantri Ujjwala Yojana see a price drop of ₹400 per cylinder. Tata Consultancy Services set to release Q2 results and interim dividend on October 11 🇮🇳 IndiaTech - Tata Consultancy Services (TCS) will announce its Q2 results and consider an interim dividend on October 11. - The interim dividend, if declared, will be paid to equity shareholders on October 19. - In Q1 2023, TCS declared an interim dividend of Rs 9 per share and posted a 16.83% on-year rise in net profit. © 2023 Zakti Techmedia Pvt. Ltd. All rights reserved. | [Unsubscribe](