FINANCIAL COUNSELLING
Google CEO Sundar Pichai testifies in Ozy Media founder's fraud trial
Pichai is the highest-profile witness to testify so far in the trial of Carlos Watson, the founder of Ozy who is accused of misrepresenting his company's financial results, funding and audience data to investors and lenders from 2018 to 2021.
NCLT admits personal insolvency plea against Rajkumar Dhoot of Videocon
The NCLT in Mumbai has admitted SBI's application against Rajkumar Dhoot of Videocon Group for a Rs 5,353-crore default by Videocon Industries, where Dhoot was a personal guarantor.
NCLT rejects JAL's claim of liquidity crunch due to delay in govt approvals, litigations
JAL has submitted that it is an "asset rich company", even after sale of cement plants to resolve the loans under Bucket 1 and Bucket 2A, assets like Real Estate Business - Noida and Greater Noida (about 11,000 flats) will remain with the company. Besides, it had other assets such as two 5 Five Star Hotels/Resort in Delhi, and one in Agra, two Golf Courses in Noida and Greater Noida, a Formula One Sports Complex and Cricket Stadium with Real Estate.
Lesson for entrepreneurs: What are the common mistakes startup founders make and how to avoid them?
India has the third largest startup ecosystem in the world, with 1.17 lakh entities (DPIIT), nearly 1,710 venture capital funds, 794 accelerators and incubators (Tracxn), and several government initiatives like Startup India. Despite this fervour and support, financial and otherwise, the startup journey is extremely difficult.ET Wealth lists the typical mistakes most founders make and tell you how to tackle these
More women than men seek counselling sessions: Report
1to1help's survey reveals insights into employee counseling sessions, indicating a significant female presence, with self-development as a top concern. The IT sector leads in counseling utilization. Gender-specific trends emerge, with men prioritizing self-development and mental health, while women focus on relationships. Increased mental health cases underscore the need for support.
Donald Trump may owe $100 million from double-dip tax breaks, audit shows
The New York Times and ProPublica revealed that Donald Trump employed a questionable accounting tactic to claim improper tax breaks on his Chicago tower, facing a potential $100 million+ tax bill. In recent months, Trump has also been ordered to pay $83.3 million in a defamation case and an additional $454 million in a civil fraud case brought by New York Attorney General Letitia James.
What's gone horribly wrong with the US college admission system
Applicants have more anxiety than ever. Elite schools have more power than ever. Something had to give.
From boardrooms to law firms: General counsels eye law firm opportunities
A recent survey of 300 general counsels and legal heads of companies has revealed that 43% of respondents are interested in career opportunities at law firms. The survey highlights a preference for stability among respondents, with many looking at law firm opportunities as retirement approaches or in the absence of in-house growth prospects. This trend is underscored by recent high-profile moves, such as former Ola Electric Mobility general counsel Sanjit Nagarkatti joining Economic Laws Practice.
Atlan’s valuation nearly doubles; decoding PB Fintech’s FY24 financials
Data collaboration software startup Atlan has raised $105 million at nearly double the valuation since its last round. Details on this and more in today’s ETtech Top 5.
No jobs, no future: In Canada, drugs are Indian students’ last resort
The grim reality of hefty education loans and joblessness in the land they once hoped would offer prosperity has ensnared numerous Indian students in Canada in a vicious cycle of cocaine, marijuana and liquor as a coping mechanism for unemployment-induced stress
'Don't just try to sell...': Wealth advisor, who earns Rs 20 lakh per month, has an important tip for entrepreneur
Bernadette Joy, creator of Crush Your Money Goals, earned a staggering $279,000 (Rs 2.3 crore) last year, averaging around Rs 20 lakh monthly. From podcasting to coaching and public speaking, Joy dedicates 20 hours weekly to her ventures. Advising aspiring side hustlers to leverage their talents for income, she echoes Mark Cuban's wisdom. Reflecting on her journey, she emphasizes pursuing what comes naturally, a lesson learned after her business, Dressed, closed in 2019.
How a hush money scandal tied to a porn star led to Trump's first criminal trial
Trump faces trial in New York for hush money payments to suppress stories of extramarital affairs. The case involves payments to Stormy Daniels and Karen McDougal orchestrated by Michael Cohen and the National Enquirer tabloid.
RBI issues omnibus framework for recognising SROs for regulated entities
The omnibus framework prescribes the broad objectives, functions, eligibility criteria and governance standards, which will be common for all SROs, irrespective of the sector. "The framework is the minimum requirement and the recognised SROs will be encouraged to develop their best practices," RBI said.
Subramanian Swamy's PIL for probe against Axis Bank not maintainable, HC told
Axis Bank has opposed a public interest litigation (PIL) filed by BJP leader Subramanian Swamy seeking a probe into an alleged fraud involving the bank's sale and purchase of shares in Max Life Insurance. The PIL alleges that Axis Bank made undue profits totaling INR 4,000 crore ($527 million) in a non-transparent manner and in violation of applicable regulations.
Ready to let Kerala borrow ₹5,000 crore more, Centre tells Supreme Court
Rejecting the Centre's offer, senior counsel Kapil Sibal, for the Kerala government, said that the amount was inadequate and the proposal to impose stringent conditions would amount to interference in the state's finances and borrowing powers.
NCLT directs IIHL to complete Reliance Capital’s resolution plan within 90 days
The Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday allowed an application filed by the administrator of Reliance Capital and directed Hinduja Group-owned IndusInd International Holdings Ltd (IIHL) to implement the resolution plan for the financial services holding company by May 27.
Delhi HC seeks reply from RBI, SEBI on unlawful lending practices carried by Paisalo Digital
The Delhi High Court has sought responses from the RBI and SEBI regarding unethical lending practices by Paisalo Digital. Mukesh Arya's plea alleges violation of RBI's Master Circulars and seeks an independent inquiry and audits. Santanu Agarwal clarifies the company's stance on the matter.
Skilling startup Upgrad earmarks Rs 100 crore to set up 100 offline centres
The first two such counselling centres have already been inaugurated in Mumbai and Delhi and the first two learning centres in Indore and Pune, the Mumbai-headquartered firm said in a statement. Over 500 career counselling sessions were clocked in the first 30 days of the centres that have already opened.
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