JuicyFields, a pyramid scheme for cannabis investment that guaranteed its clients returns of up to 66% in just three months, froze cash withdrawals, removed their profiles from social media networks and those responsible disappeared without a trace, reported elDiario.es. “The project has proven to be a textbook pyramid scheme, but this time with the attractiveness … Read more
A question that has always confused me… and I guess to you too !
As was promised in November 2021, Raymond has taken an important step towards professionalising the management. It has appointed Atul Singh, former head of Coca-Cola India, as the Executive Vice Chairman. Atul worked with Coca-Cola for about two decades at several leadership positions and was last with them as Chairman, Asia Pacific. Prior to joining Coca-Cola, … Read more
After finding out that the Chinese products are produced with forced labour, the US imposed a ban on Xinjiang imports, which hit China’s supply chain. In 2021, the Uyghur Forced Labour Prevention Act (UFLPA) was signed into law, under which the US government assumes that anything made even partially, in the Chinese manufacturing hub of … Read more
In a move to bring a higher degree of transparency, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued instructions making it mandatory for developers to share updates on ongoing projects online on a quarterly and yearly basis besides other requirements. This move is expected to help homebuyers to track the progress of their real … Read more
Lawyers for Elon Musk have notified the US Securities Exchange Commission that the Tesla and SpaceX CEO is moving to terminate the deal to acquire Twitter, and accusing the social media company of being “in material breach of multiple provisions” of the merger agreement. Shares of Twitter fell roughly 6% following the news, while shares … Read more
Macquarie Group, one of the largest foreign infrastructure investors in India, is in talks with commercial investors to raise $205 million to set up an electric vehicle (EV) leasing and finance company, said two people aware of the development. The India-focused e-mobility financing platform will be managed by Macquarie Asset Management, which has assets of … Read more
After Tata Motors doing it last year, M&M going for external fund raise in the EV business was widely expected. The Company has now announced raising Rs 1,925 crore from British International Investment Plc (BII) for the same. BII (formerly CDC Group plc) is the Development Finance Institution of the UK Government and invests between … Read more
India’s most valuable startup Byju’s has just gotten bigger, with the online education platform doubling its revenue to nearly ₹10,000 crore in FY22. Based on the latest revenue figures, Byju’s is valuing itself at $22.6 billion, almost $6 billion more than its October valuation. View Full Image Self evaluation The higher revenue and valuation are … Read more