AFFILIATES
Seven Wagner mercenaries killed in Mali attack claimed by al Qaeda affiliate
Seven members of the Russian Wagner mercenary group were killed in an attack in central Mali, claimed by an al-Qaeda affiliate. The attack highlights the dangers faced by Wagner forces supporting Mali's military junta in combating insurgencies. This incident follows previous heavy casualties suffered by Wagner in clashes with rebels, raising concerns about their role in exacerbating the region's instability.
Nazara, ONDC launch in-game shopping platform gCommerce
This platform is aimed at overcoming the low in-app purchase conversion rates and poor yields from advertising that is faced by Indian game developers. Developers will be able to earn a commission on every successful transaction initiated by players through the platform.
CBSE cracks down on 'dummy' schools: Affiliation of 21 schools withdrawn, six schools downgraded
The Central Board of Secondary Education (CBSE) has taken action against 27 schools in Delhi and Rajasthan for engaging in 'dummy' admissions. Following surprise inspections, 21 schools lost their affiliation, while six were downgraded. The CBSE emphasized its commitment to combating such practices that hinder students' educational growth.
US election 2024: How to replace your voter registration card
US Presidential elections are just within a very few days and the whole country is getting ready for such a significant geopolitical event. Voter registration card is going to be pretty important for every individual who would want to vote and if someone wants to update or replace the voter registration card then that individual needs to go through a simple procedure.
YouTube partners Flipkart, Myntra to launch Shopping Affiliate programme
The YouTube Shopping affiliate programme adds to existing monetisation options like ad revenue, YouTube premium, channel memberships and fan-driven features to help creators earn revenue. YouTube's creator economy has generated Rs 16,000 crore of economic activity and created 7,50,000 jobs in India, chief executive Neal Mohan said in an interview with ET.
Big Four affiliates catch the poll fever again, line up for ICAI posts
After a break, partners from Big Four affiliates are engaging in ICAI elections due to a more assertive ICAI, changing audit rules, and recent disciplinary actions. Key candidates include PwC's Abdul Majeed and Deloitte's Nandkishore Hegde. The elections aim to bolster their representation amid growing NFRA influence and stricter international networking guidelines.
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UP government announces timetable for establishing new colleges and courses for academic year 2025-26
The UP government outlines the schedule for establishing new colleges and courses for the 2025-26 session. Key deadlines include submission of online proposals by December 15, 2024, verification of land records by January 20, 2025, and completion of inspections by April 5, 2025, ensuring timely affiliations.
NCLT approves ICICI Bank¡¯s scheme of delisting its affiliate ICICI Securities from the bourses
The National Company Law Tribunal in Ahmedabad approved ICICI Bank¡¯s plan to delist ICICI Securities Ltd. Two objections to the delisting were dismissed. Earlier, the NCLT Mumbai also approved the delisting scheme. ICICI Bank argued that the objections didn't meet the required shareholding threshold. The delisting was approved by a significant majority of ICICI Securities' shareholders.
Byju¡¯s affiliate drained cash from US units in violation of bankruptcy rules: lawsuit
A lawsuit in Delaware claims that Byju Raveendran's company illegally transferred nearly $700,000 from US affiliates amid bankruptcy proceedings. Lenders seek to recover $533 million allegedly hidden by Byju's, involving complex legal battles in both the US and India.
US airstrikes on Syria kill 37 militants affiliated with extremist groups
The US military reported the killing of 37 militants linked to the Islamic State and an al-Qaeda-affiliated group in two separate strikes in Syria. Among the dead were senior militants responsible for overseeing operations. The strikes aimed to disrupt ISIS' capabilities against US interests and allies.
Bankruptcy court admits insolvency resolution plea against four Future Group affiliates
The bankruptcy court has admitted four Future Group companies, including Future Corporate Resources and Central Departmental Stores, under the corporate insolvency resolution process. The Mumbai bench of the National Company Law Tribunal appointed Avil Jerome Menezes as interim resolution professional. These companies defaulted on loans amounting to hundreds of crores, leading to their classification as Non-Performing Assets.
Domestic Violence Act applicable to every woman irrespective of religious affiliation: Supreme Court
The Supreme Court has affirmed that the Protection of Women from Domestic Violence Act, 2005, applies to all women in India regardless of their religion or social background. The court's decision came while addressing an appeal related to maintenance and compensation under the Act, emphasizing its role in safeguarding women's constitutional rights.
Sanjay Raut accuses Maharashtra Government of politicising Badlapur encounter and protecting BJP-RSS affiliates
Shiv Sena (UBT) leader Sanjay Raut criticized the police encounter of Akshay Shinde, accused in a sexual assault case, alleging political motives behind it. He accused Maharashtra's CM and Deputy CM of using the encounter for political gain and questioned their inconsistent response to crimes against women.
Carlyle Aviation affiliates trim stake in SpiceJet to 2.34% from 3.75%
SpiceJet announced that Carlyle Aviation affiliates reduced their stake in the airline from 3.75% to 2.34%. Additionally, SpiceJet resolved its $16.7 million dispute with Engine Lease Finance Corporation through a settlement for an undisclosed amount. This settlement aims to end ongoing litigation and support SpiceJet's future growth and expansion plans.
NCLT admits Future Group affiliate Acute Retail Infra under the insolvency resolution process
The Mumbai bench of National Company Law Tribunal has admitted Future Group's Acute Retail Infra Pvt Ltd for Corporate Insolvency Resolution Process after defaulting on dues of over Rs 65 crore. Ramesh M. Shetty has been appointed as interim resolution professional, and the company's board of directors is suspended.
6 online side-hustle ideas to make money
The digital economy has opened up numerous opportunities for online side-hustles. Options include online tutoring, freelance writing, affiliate marketing, social media influencing, graphic designing, and stock photography. These side jobs require minimal investment and can be pursued alongside a full-time job to earn extra income or gain experience in a desired field.
Wockhardt says acted as per laws, denies Congress' charges over affiliate rental payments to Sebi chief
Wockhardt has refuted allegations of conflict of interest and corruption made by the Congress party against SEBI chairperson Madhabi Puri Buch. The claims relate to rental payments by Carol Info Service, an affiliate of Wockhardt, which is involved in multiple cases with SEBI, including insider trading. Wockhardt termed the allegations as baseless and misleading.
Top audit firms concerned after hefty penalty on BSR & Associates
The NFRA imposed a ?10 crore fine and banned BSR & Associates LLP partners for audit lapses in Coffee Day Enterprises. The firm had depended on subsidiary auditors, which the regulator criticized, emphasizing significant overlooked investments. This hefty fine has concerned audit firms, affecting future engagements. Experts suggest that the principal auditor should not be solely accountable if subsidiary auditors comply with standards. This event occurs amid increased regulatory scrutiny and efforts to reshape India's auditing profession.
Alibaba affiliate may sell 1.54% stake in Zomato
Antfin Singapore, part of Alibaba Group, arranged to sell a 1.54% stake in Zomato on Tuesday through block deals, anticipating raising around ?3,400 crore. The shares were priced at ?251.68 each, a 4% discount to the previous closing price. Antfin previously held a 4.24% stake and had sold a 2% stake earlier this year.
UP to open two universities, to affiliate madrassas to them: Minority minister Rajbhar
Uttar Pradesh plans to establish two universities to affiliate madrassas for standardized recognition. This would impact approximately 25,000 madrassas, including many unrecognized ones. The proposal raised concerns from Jamiat Ulama-e-Hind regarding minority rights and involvement of stakeholders. Iftikhar Ahmed Javed noted the board was uninformed about these changes, emphasizing the significance of proper consultation.
Star incurs an operating loss of $314 million from sports due to T20 World Cup
Star India reported a 45% increase in sports operating losses to $314 million for the June quarter, mainly due to the ICC Men's T20 World Cup 2024's production costs. Revenues rose marginally by 1% to $279 million. Disney noted a profitable quarter for their combined streaming services, ahead of guidance.
10 ways to earn money from your Instagram account
Instagram, with its billion-user reach, offers lucrative opportunities for monetization through brand collaborations, affiliate marketing, and selling products directly. Content creators can leverage their influence by offering exclusive content, starting dropshipping businesses, or providing marketing services. These avenues allow individuals to turn creativity into income, catering to diverse interests and skills in the digital marketplace.
RSS-affiliated union demands extension of MGNREGS to 200 days
Bharatiya Mazdoor Sangh presses for extending MGNREGS, raising pensions, and improving worker benefits, including for beedi and National Health Mission workers.
RSS-affiliate union seeks extension of mandatory work under MGNREGA to 200 days in pre-Budget meet
BUDGET EXPECTATION: In its pre-budget meeting with the finance minister Nirmala Sitharaman on Monday, BMS general secretary Ravindra Himte demanded increasing the minimum pension under the Employees¡¯ Pension Scheme (EPS), 1995 from Rs 1,000 to Rs 5,000 while enhancing of honorarium of scheme workers, especially for Asha, Aanganwadi, Mid-day Meal and National Health Mission workers, the central trade union said in a statement issued on Tuesday.
Amazon backs social media influencers, launches Creator University
Amazon is promoting India¡¯s social media influencers to create content directly on the Amazon platform. Zahid Khan, director of shopping initiatives at Amazon, highlights the dual approach of leveraging external social media platforms and creating engaging content on Amazon.
Bearish trades crater fast in Wall Street¡¯s high-momentum rally
Traders are betting against the tech-heavy Nasdaq 100 index, investing heavily in bearish exchange-traded funds (ETFs). However, their bets have not paid off as the index continues to rise, causing these bearish ETFs to plunge. One example is a bearish ETF that has dropped 20% in a month after receiving $500 million in investments at the start of the month. This situation highlights the risks involved in betting against a strong market trend.
ICAI disciplinary panel overlooks stay to pass order against 2 partners of PwC arms
Despite a Delhi High Court stay, the Institute of Chartered Accountants of India (ICAI) has published orders penalizing two PwC affiliate partners. PwC had obtained a stay against ICAI's disciplinary action, challenging fines and membership removal. The institute's move to upload the order on its website has sparked a legal battle. This follows a similar dispute with EY affiliates. The Big Four firms are contesting ICAI's disciplinary actions, demanding an appellate tribunal be established first.
ICAI passes orders against five affiliates of Price Waterhouse
The Institute of Chartered Accountants of India (ICAI) has sanctioned five Price Waterhouse affiliates, two other entities, and two individuals for professional misconduct. The ICAI directed the entities to terminate existing arrangements with multinational entities, citing violations of the Chartered Accountants Act 1949. The implicated PwC affiliates include branches in New Delhi, Kolkata, Chennai, and Bangalore, among others. Dalal & Shah Chartered Accountants LLP and two chartered accountants were also penalized.
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