CONDITIONAL OFFER LETTER
OC must for possession letter: CREDAI wants UP RERA to reconsider order
In a statement on June 8, the Uttar Pradesh Real Estate Regulatory Authority (UP RERA) said it was mandatory for promoters to receive OC (occupancy certificate/ completion certificate) of a project, before offering possession letters to allottees. According to UP RERA, this was done "to prevent arbitrariness" being done by the promoters through the offer of possession letters sent to flat buyers and to eliminate the disputes arising between them due to this.
UP RERA sets format for possession letters to flat buyers
It had also directed project promoters to make no binding conditions on the allottees in any way through the offer of possession letter, the UP RERA said in a statement.
Delhi-SFO flight delay: Air India apologises, offers USD 350 travel voucher to passengers
Air India has apologised and offered a travel voucher of USD 350 each to the passengers of the San Francisco flight that took off from the national capital after a delay of more than 30 hours. There were 199 passengers in the flight, according to a source.
The new ChatGPT offers a lesson in AI hype
OpenAI highlighted ChatGPT-4o's improved reasoning abilities but tests showed mixed results. The bot struggled with logic puzzles like the Where's Waldo? puzzle and made errors in reasoning.
Summer heat takes toll on gig workers; the rise of Airchat
Happy Monday! A shortage of delivery executives amid soaring temperatures is becoming a major concern for ecommerce companies. This and more in today’s ETtech Morning Dispatch.
A financial literacy letter to my younger self
India's young population of 1.4 billion with a median age of 28.2 and urban population of 36%. Diverse investment landscape with BSE Sensex reaching 75,000. Strong financial planning for the future with a focus on asset allocation and growth-oriented investments.
- Go To Page 1
Taking the next step on your study abroad journey: Understanding your offer letter
A student's academic path reaches a turning point when they receive an offer letter, which signifies their acceptance into the school for which they have applied and gives them the opportunity to plan their next steps. Offer letters, sometimes referred to as pre-offer letters or letters of acceptance (LOAs), are primarily available in two formats: unconditional and conditional.
Zee Entertainment sends letter to Sony Group Corporation, requesting an extension of cutoff to complete merger
The cut-off date for concluding the merger is December 21. Zee had inked a deal to merge with Sony's India Culver Max Entertainment in December 2021. While the merger has received all the requisite approvals, differences have cropped up between the two over the CEO position.
BharatPe hits Ashneer Grover with fresh case; Tesla ready to invest in India, but conditions apply
BharatPe cofounder Ashneer Grover finds himself in trouble yet again, this time for sharing the company’s confidential information on social media.
Beware, fraudsters are duping job aspirants with fake Canadian employment offers
The Central Crime Station (CCS) has launched an investigation into the fake job permit fraud targeting Canadian employment opportunities. In one case, a 50-year-old unemployed man lost Rs 4 lakh after responding to an advertisement on Facebook and establishing contact with a consultancy claiming to be based in New Delhi. Another victim, a 23-year-old student, lost Rs 14.5 lakh after receiving a fake job letter for a Canadian position.
Uncertainty around Jet Airways puts successful bidder for 3 of its aircraft in spot of bother
Malta-based Challenge Group, which had successfully bid through its special purpose vehicle - Ace Aviation for three B777-300 aircraft of Jet Airways, is facing the prospect of a massive depreciation in the value of those aircraft as more than one year has elapsed after the monitoring committee chose it as the successful bidder but have failed to progress the sale process any further.
'Vo keeda sa to ladka hai': Sachin Meena-Seema Haider get roasted yet again by their neighbour
In this new video, the woman once again made the funny comments unabashedly in style and roasted the much-talked-about couple of Sachin Meena-Seema Haider. She asks Seema in a sarcastic tone, what did the Pakistani woman see in Sachin?
Facing financial distress & food shortages, Seema Haider-Sachin Meena get job offers
The couple first got an offer from film producer Amit Jani to work in his film, and now Seema and Sachin have received a letter from Gujarat in which a businessman has offered them an annual package of Rs 6 lakh each.
Vodafone accuses Jio, Airtel of predatory pricing with unlimited 5G offers
Trai sought responses from Jio and Airtel, both of whom have rejected Vi's allegations. In separate responses, they have said that they can't be called out for offering predatory tariffs as 5G currently has a very small user base with the network rollout currently under progress, officials said.
Higher EPS pension: Is EPFO circumventing the SC order to apply for higher pension by putting impossible conditions for EPF members?
There seems to be no end to the challenges faced by the employees, who were in service on or after September 1, 2014, to ensure higher pension under EPS 95. Though EPFO has put in an online application link for employees to go for joint application with their employer however the have put in such conditions that a large number of employees may not be able to apply for higher pension.
Byju's staff reveal harsh work conditions at edtech giant
Founded in 2011, the Bengaluru-based startup launched its learning app in 2015 and soon snowballed into a multibillion-dollar behemoth - and India's leading edtech biz - with members of the country's burgeoning middle class seeking jobs and financial security in one of the world's biggest tech hubs.
How you can leverage a Letter of Credit to remove risks associated with foreign trade deals
Letter of Credit is important to build trust between buyers and sellers engaging in cross-border deals along with putting in place robust mechanisms to mitigate risks associated with trade
Open for Centre to fix cut-off date to change pension conditions for employees: Delhi HC
According to the government's new pension scheme, all other employees, which included the petitioners who received their appointment letters after the cut-off dates, would participate in the National Pension Scheme which is a contributory scheme.
Win contracts and expand your export business with these quick and effective digitised trade services.
Guide to a few quick, effective digitised trade services to consider
What is a Letter of Credit?
A guide on letter of credit and why is it important for international trade
What are the advantages of a Letter of Credit for MSME exporters and importers?
The skepticism surrounding these factors, including the fear of defaulting payments, often act as roadblocks for MSMEs intending to make their business global.
Wipro, Infosys, Tech Mahindra revoke offer letters given to freshers: report
Top IT and tech firms like Wipro, Infosys and Tech Mahindra have reportedly revoked offer letters given to students after delaying their joinings by nearly three-four months. According to reports, hundreds of freshers were offered jobs by tech firms and after delaying their joining, their offer letters was revoked.
EPAM sacks 100 in India, revokes offers
Sources said the number of people forced to resign across both companies — EPAM Systems and EPAM Anywhere —could be at least 100 employees. ET couldn’t independently verify the number.
India Inc's attrition woes deepen as job offers swell
Unlike previous years where candidates were offered 20-30% pay hike offers, letter of offers now include a 100% jump and with additional equity offered. Too many counter offers by employers will ruin the internal equity amongst employees, experts say.
Oyo revives IPO plans; Ola sacks 200 more engineers
Oyo Hotels & Homes, which filed for an initial public offering in October 2021 but put it off earlier this year because of the pandemic and global macroeconomic headwinds, is reviving its plans for a stock-market debut after cost cuts and recovery in travel helped it reduce losses.
Prashant Jain speaks of 5 of his key learnings in farewell letter
Jain in his long career saw Indian economy opening up, the coming of age of IT industry, commodities boom, bust and boom again; the coming of age of e-mail, mobile, internet, modern retail and ecommerce, renewable power and EVs, the rise of social media, the decline of traditional media, the rise of China, Covid - lockdown, negative interest rates and ESG as a theme, to name a few.
How to step-up handling of forex-related issues faced by exporters
Constant fluctuations in foreign currencies remain one of the biggest issues in cross-border trade. The good news is that there are tools to overcome such impediments. However, Indian exporters need to be better aware about these solutions and use tech to minimise the risks.
Non-compete clause: union may pursue complaint against Infosys with state authorities
“It is a standard business practice in many parts of the world for employment contracts to include controls of reasonable scope and duration to protect the confidentiality of information, customer connection and other legitimate business interests,” Infosys had told ET last month.
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