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Spread out IBC to make it effective
The Insolvency and Bankruptcy Code is highlighting process failures at various levels, with low realisation and limited success in resolution. Rebalancing between creditors and debtors, addressing legal challenges, and increasing efficiency are crucial for improving the insolvency resolution process in India.
SpaceX's Falcon 9 grounded after failure dooms batch of Starlink satellites
The U.S. Federal Aviation Administration (FAA) grounded SpaceX's Falcon 9 rocket on Friday following the craft's breakup in space and the loss of its Starlink satellite payload. This incident marked the first failure in more than seven years for the rocket, which is a mainstay for the global space industry.
Income tax refund: How to raise refund reissue request; a step-by-step guide
Income tax refund: The tax department begins processing refunds after the taxpayer verifies the form electronically. The refund is typically credited to the taxpayer's account in four to five weeks. If your refund has failed, you have to submit a “Refund Reissue Request” as applicable.
Explained: Adoption procedure for NRIs, OCI cardholders, and foreign nationals
Non-resident Indians (NRIs), Overseas Citizen of India (OCI) cardholders, and foreign nationals have equal priority in adopting orphaned children in India. A detailed guide outlines the eligibility, registration, document requirements, and post-adoption formalities for NRIs and foreign prospective adoptive parents.
UP power station's failure led to outage in Delhi: Atishi
Delhi Power Minister Atishi addressed a power outage in the national capital allegedly caused by a fire at a sub-station of Power Grid Corporation of India Ltd (PGCIL) in Mandola, Uttar Pradesh, disrupting electricity supply from the station's 1200 MW capacity. Atishi expressed concern over the incident, seeking meetings with the Union Power Minister and PGCIL Chairman to prevent future occurrences and reported gradual power restoration efforts.
Trader sends abusive responses to Sebi regarding insider trading, fined Rs 20 lakh
Though Rajat Mishra said he would be available for video call anytime in response to the summons dated March 7, he failed to appear through the call before the investigating authority from Common Investor Service Centre, Lucknow.
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IBBI issues new guidelines to streamline process of appointing IPs as resolution professionals
The Insolvency and Bankruptcy Board of India (IBBI) issues new guidelines to streamline the appointment of insolvency professionals (IPs) as interim resolution professionals, liquidators, and bankruptcy trustees, effective from July 1, 2024.
See AlsoFXNEWS24 |Highlights of the Week: News Roundup | UK Forex ReviewsSpecial Report: Stop & Shop Closing 32 StoresAgreement Between the Government of the People's Republic of China and the Government of the Democratic Socialist Republic of the Sri Lanka on the Reciprocal Promotion and Protection of InvestmentsPennsylvania finally passed the 2024-25 budget. Here's what did, and didn't, get done.Air India introduces Fare Lock option: Comparison of fees, terms and conditions with IndiGo, SpiceJet
Air ticket fare lock: Air India recently introduced the Fare Lock facility, which is a smooth approach to improving the reservation process, according to the airline. Other airlines, too, offer this facility. Let us see their terms and conditions.
New EPF account rules in May: EPFO made these four major changes to the EPF account, claims process in May 2024
New EPF rules: The changes include an extended facility of auto-settlement, multi-location claim settlement, faster New rule for EPF death claim. Let us take a closer at each of these four changes.
NASA mission reveals asteroid's unusual double moon, scientists baffled
NASA sScientists suggest that the Dinkinesh asteroid fractured, causing pieces to separate and form a disk of material. And some of this material then fell back to the surface. Scientists believe that part of this disk material coalesced into the moon Selam, which consists of two touching objects but the specific process behind the formation of this unusual moon remains unclear.
Amid Hardik Pandya-Natasa Stankovic divorce rumours, cricket star opens up about challenges ahead of T20 World Cup
Cricket star Hardik Pandya recently shared insights into his challenges leading up to the T20 World Cup. Despite scrutiny following his IPL 2024 performance, Pandya remains process-driven and optimistic. He emphasized the importance of resilience, continuous improvement, and staying focused amid personal speculations. Pandya's story reflects a winning mindset both on and off the field, as he navigates hurdles with determination and commitment.
Wall Street's faster trade settlement sees some temporary bumps
The transition to faster trade settlements in the U.S. faced bumps despite a mainly smooth switch to T+1 settlement cycle from T+2, mandated by the SEC. Market participants anticipated increased trade failures and hiccups in the securities market.
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
Myth Debunking 101: ‘Receiving feedback is a sign of failure’
Feedback is often misunderstood as criticism, hindering professional growth. Overcoming psychological barriers and seeking feedback for skill development is crucial. Experts suggest leveraging feedback to identify areas of improvement and embracing new technologies. Stories of success highlight the transformative power of feedback when embraced with an open mind.
Do it right, for sake of land acquisition
In a densely populated developing country like India, there are competing demands on land - farming, housing, infrastructure development and factories. This, on more occasions than one would like, has led to conflicts. According to Land Conflict Watch, there are 781 land conflicts, affecting 9.4 mn people and ₹3.11 tn investments.
Portugal is facing suspension from the Schengen Zone. Here's what you need to know if you have a trip planned
Travelers eyeing Portugal must be aware of the EU's pressure on the country to implement a new border control system by July 2024, or face suspension from the Schengen Area. Delays attributed to bureaucratic hurdles and financial constraints highlight the urgency and potential impact on tourism and travel plans.
SC pulls up Delhi authorities for ‘sorry state of affairs’ over failure to process municipal waste
The Supreme Court criticized authorities on Monday for their failure to manage municipal solid waste in Delhi, describing the situation as deplorable. With 3,000 tons of untreated waste generated daily in the capital, the court questioned the lack of a solution. Emphasizing the importance of addressing this issue for the national capital, the court urged against politicizing the matter.
State comptroller calls on Netanyahu to cooperate with probe of Oct 7 failures
A separate letter to Prime Minister Benjamin Netanyahu suggested his office has been dragging its feet on sharing relevant documents. In February, the Israel Defense Forces' Chief of Staff, Lt.-Gen. Herzi Halevi ordered an internal probe of the military's failures of October 7. That inquiry will investigate the IDF General Staff, military intelligence, the deficiencies of the Gaza border defenses, and general operational matters.
8-step process to build scientific hypothesis of successful trading
A scientist and a trader are both alike. They form their hypothesis, test them, and check the results. If the result matches the hypothesis, then they conclude. That’s how you make sense out of the randomness in nature and markets. Until you have a hypothesis that can be tested and proven whether it is working in markets, you will be a gambler.
AI tool brings German woman's deceased mother back to life; she calls it 'spooky' yet 'strangely realistic'
Sirine Malas, residing in Berlin, Germany, sought solace after losing her mother to kidney failure in 2018. Separated from her mother due to fleeing Syria, Sirine yearned for closure and turned to AI technology. Utilizing Project December, she engaged in simulated conversations with her deceased mother, finding both comfort and eerie realism in the experience.
Investors flag Byju’s failure to recover Rs 1,400 crore from reseller
In an Extraordinary General Meeting (EGM) notice, a copy of which ET has reviewed, the investors said the company's value has eroded due to the management's neglect in enforcing its legal rights. More Ideas General Trading, the sole selling agent of Byju’s in GCC countries, owes the edtech firm over Rs 1,400 crore, which the company has been unable to recover despite paying over Rs 300 crore in commissions on sales of Rs 634.18 crores recorded in FY22.
View: In EVM-VVPAT we trust
India's EVMs, introduced in the 1990s, were initially met with scepticism. But they have evolved, incorporating state-of-the-art technology to withstand tampering. One key feature that renders them tamper-proof is their standalone nature. Unlike connected systems vulnerable to hacking, EVMs operate in isolation, minimising the risk of external interference. Absence of internet connectivity, USB ports, Bluetooth connectivity or any external communication interfaces adds a layer of security fundamental to their reliability.
ISRO Recruitment 2024: Vacancies, how to apply, selection process, application link
The selection process for ISRO Recruitment 2024 includes an initial screening based on academic performance and other parameters submitted in the online application. Qualified candidates will be invited for a written test, followed by a skill test or interview for those who qualify. Refer to the official notification for details.
Independent observer monitoring Pakistan elections highlight grey areas in poll process
Free and Fair Election Network (FAFEN) spokesperson Musarrat Qadeem, quoting the initial report on the election, in a press conference said: "The failure to display copies of Form 45, as required, in 29 per cent of polling stations was a notable oversight." Qadeem also criticised the delay in the release of poll results and the suspension of internet and mobile services on election day. She asserted that the complaints about elections should be addressed.
Learning from Failure: How to overcome business challenges and create a successful business model
In the competitive landscape of modern entrepreneurship, innovation and disruption are paramount. Amid opportunities, expansion challenges arise, including financial management and maintaining corporate culture. Failure, inevitable in this journey, offers invaluable lessons. A study reveals 91% of startups fail within five years. Embracing failure cultivates resilience and a growth mindset.
View: UGC rules for foreign universities in India mark the beginning of for-profit education in the country
GoI made a related announcement in the Union budget 2022-23 while proposing to operate foreign universities from GIFT City, free from domestic regulations. However, nothing was specified on the money repatriation matter in IFSCA (Setting up and Operation of International Branch Campuses and Offshore Education Centres) Regulations 2022. It's good that GoI has clarified the issue of money repatriation by for-profit foreign institutions.
BBC Quiz show cancelled after complaints of failure to support disabled participants
In the festive edition of BBC's iconic University Challenge, the cancellation of the holiday episode sparks controversy as contestants with disabilities voice grievances, triggering calls for the entire series to be abandoned and re-recorded by advocates, including the National Federation of the Blind in the UK.
International online transaction is unsuccessful but money has been deducted: When, how will you get a refund?
There are multiple reasons as to why an international online transaction on an e-commerce or other websites could fail if an Indian debit or credit card was used for executing such a transaction. However if the money was deducted for such a transaction although the website showed it as failed, do not worry, it will be refunded back automatically by the bank.
Hypertension can shorten your lifespan: First-ever WHO report says 1 in 3 adults affected by this 'silent death'; ways to keep condition at bay
As per the report, the number of people living with hypertension (with blood pressure of 140/90 mmHg) doubled between 1990 and 2019, from 650 million to 1.3 billion! To make matters worse, nearly half of these people are not aware of their ordeal.
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