Sister Wives: New York musician hosts joint baby shower party for all five women he got pregnant. Here is
New York City musician Zeddy Will made his five partners pregnant at almost the same time and hosted a joint baby shower for his five pregnant baby mommas. Taking to TikTok, one of his partners Lizzy Ashliegh revealed this information and presented the party invitations, which showed the shower being hosted in Queens on January 14. Know in detail. Key Points
Economic TimesBig 4 firms expanding talent pool, promote young partners amid rapid growth and shifting dynamics
Top-tier consulting firms EY, Deloitte, PwC, and KPMG are rejuvenating leadership by promoting younger partners to navigate rapid growth, increased regulatory scrutiny, and technological shifts. The average age of new partners has decreased to 33-35, boosting diversity and talent pool expansion. Key Points
Economic TimesPorsche-backed Sensigo deploys AI tools to smooth vehicle repairs
German automaker Porsche (P911_p.DE) and investor UP.Partners have launched Sensigo, a California-based startup using artificial intelligence to enable vehicle service technicians to diagnose, resolve and eventually predict repair issues. Key Points
ReutersICC may earn up to $150 million in World Cup sponsorship fee
The world cricket governing body has 20 sponsors and partners for ICC World Cup 2023. It has six global partners that are paying $8-10 million for these sponsorship slots. The global partners include MRF Tyres, Booking.com, IndusInd Bank, MasterCard, Aramco and Emirates. IndusInd and MasterCard have come in as global partners following the exit of Byju's and BharatPe. Both Byju's and BharatPe gave up ICC sponsorship due to their financial woes. Key Points
Economic Times'Best Sunday ever': Zomato's Deepinder Goyal delivers food and friendship bands to delivery, restaurant partners, customers
Zomato CEO Deepinder Goyal said that this was his best Sunday ever. He shared some pictures on X (formerly known as Twitter). Key Points
Business Today
Urban Company punishes workers when users cancel services, blocks IDs for getting ratings below 4.8 out of 5
According to reports, a group of beauticians who work with Urban Company organized a protest at the company's office in Gurugram. Their main concern was that their accounts were being blocked by the company, both temporarily and permanently. Key Points
India TodayMaruti Suzuki ties up with Chola for dealer financing solutions
Maruti Suzuki India Ltd. (MSIL) has signed a pact with Cholamandalam Investment and Finance Co. Ltd (Chola) to facilitate inventory financing for its dealer partners. Key Points
The HinduEY decision to junk split lifts cloud over India Ops
Following the receipt of the email, the 600+ partners were left disappointed, as the windfall they had been eagerly anticipating following the listing of the advisory business and settlement of the audit business would no longer materialise. In comparison to other regions, the India partnership had negotiated a much more favourable deal, and most partners were expecting significant payouts. Key Points
Economic TimesUnnati Agri ties up with IFFCO for ‘channel financing'
Unnati Agri partners with IFFCO to offer channel financing solutions to 76,000 channel partners across India. Through Unnati Agri's collaboration with non-banking financial companies, including Ora Finance, the digital credit facility enables channel partners to procure larger stock quantities from IFFCO. This empowers them to deliver quality agricultural products to farmers promptly. The partnership supports IFFCO's initiatives in promoting innovative technology-based fertilizers for sustainable farming practices, starting initially in Uttar Pradesh, Bihar, Maharashtra, Telangana, and Andhra Pradesh. Key Points
Economic TimesGovt tightens LLP rules; partners have to declare beneficial interests, intangible contributions
According to the Limited Liability Partnership (Third Amendment) Rules, 2023, notified by the Ministry of Corporate Affairs (MCA), even upcoming LLPs have to maintain such a register, at their registered offices, within 30 days of incorporation. The new rules came into force on October 28. Key Points
Economic Times
Revised terms for EY split leave India partners jittery
The uncertainty increased after a partner call on Wednesday led by Julie Boland, chair of EY US and Americas region, in which she said the agreement needed to be revised. Boland is slated to take over as global chairman and chief executive of audit business after the split. Key Points
Economic Times'It has pockets!': Zomato unveils new kurta for women delivery partners on Women's Day
Zomato allows women delivery partners to wear kurtas instead of western-style t-shirts. The decision was well received by many employees. Key Points
mintDigital lenders’ play for MSMEs; Ola Electric to launch e-autos
MSME-focused digital lenders are increasingly gaining traction as banks slow down on unsecured consumer loans. This and more in todays ETtech Morning Dispatch. Key Points
Economic TimesMastercard signs up as ICC sponsor for 2023 World Cup
Mastercard chief marketing and communications officer Raja Rajamannar said the company will be spending a significant sum to get the right kind of visibility during the World Cup. Incidentally, Mastercard was also the title sponsor for all bilateral matches played in India until March. Key Points
Economic TimesEY calls off splitting its audit and consulting units
The firm intended to spin off its consulting business and much of its tax practice into a stand-alone public company. But the plan, known as Project Everest, suffered repeated setbacks as partners disagreed over compensation and the resources needed to staff the remaining audit practice. Key Points
FinancialexpressPaytm's asset quality metrics remain steady, increase in number of lending partners to support steady growth in medium-term: Motilal Oswal
New Delhi [India], December 11 (ANI): Paytm recently announced that it plans to focus on higher-ticket size personal and merchant loans (Rs 3-7 lakh), as the demand in these loan segments remains strong. The fintech giant announced that this would be targeted at lower-risk and high-creditworthy customers, in partnership with large banks and NBFCs. Show […] Key Points
ThePrintSmartphone shipments seen to have shrunk 15% last quarter
Smartphone shipments in India are expected to drop by 10-15% year-on-year in 1Q23 due to brands focusing on clearing inventory instead of high demand, according to Counterpoint Research. Smartphone sales were 19% in January due to online purchases for Republic Day, but fell 12% in February. Sales for premium smartphones, however, were sustained due to new launches and discounts. Channel partners struggled to accept large quantities of shipments due to low turnover rates consequently leading to a slower inventory movement in Q1. Key Points
Economic TimesSensex soars 900 pts, Nifty nears 17,600; PSBs, Adani Group stocks sizzle
CLOSING BELL: The Rs 15,446 cr stake buy by GQG partners in Adani Group, coupled with positive global cues buoyed sentiment on Friday. Heavyweights RIL, ITC and Airtel also rallied up to 3 per cent. Key Points
Business StandardNDA panel to ensure allies speak in ‘one voice’ — 2024 focus on development, ‘not Oppn narrative’
Decision taken at meeting of NDA spokespersons held Friday. Main aim of one-day media workshop was to ensure better coordination among alliance partners. Key Points
ThePrintUS accuses investment firm, anesthesia company of Texas monopoly scheme
The Federal Trade Commission on Thursday sued U.S. Anesthesia partners and a private equity firm in Texas federal court, accusing them in a novel legal complaint of restricting competition to drive up prices for patients. Key Points
Reuters
GQG partners buys shares worth Rs 1,676 cr in Adani Transmission via bulk deal; promoter sells entire stak
Promoter entity Fortitude Trade and Investment has sold its entire stake for about Rs 2,665 crore. GQG partners has reportedly picked up 1.9% stake or 2.13 crore shares in Adani Transmission Key Points
Economic TimesAquaconnect raises $4 million in pre-Series B
India Business News: Aquaconnect, a full-stack aquaculture platform with embedded fintech capabilities, has raised $4 million in pre-Series B funding round led by S2G Ventures. The company plans to use the capital to scale its operations and expand its coverage in major aquaculture production states in India. Aquaconnect leverages satellite remote sensing and artificial intelligence to improve efficiency in the fish and shrimp farming industry. The funding will also help Aquaconnect double its 'Aqua Partners' network and enhance its product portfolio with farmer-focused innovations and formal credit services. Key Points
Times Of IndiaIndian banks ask fintech partners to limit tiny personal loans amid regulatory glare: Sources
Amid regulatory concerns, top Indian banks and non-bank lenders have advised fintech partners to reduce issuing small personal loans. Paytm on Wednesday announced it will go slow with loans below 50,000 rupees, aligning with RBI's cautionary stance on personal loans and NBFC lending due to rising risk concerns, prompting lenders to reconsider their lending strategies. Key Points
Economic TimesItaly outraged with death of young woman in latest suspected case of domestic violence
Domestic violence claims lives of over 50 women so far this year. Italy has erupted in outrage over the death of a young woman, allegedly at the hands of her possessive ex-boyfriend, with the Italian premier vowing to crack down further on domestic violence that has claimed the lives of more than 50 women so far in 2023. Key Points
The Tribune IndiaBig 4 raid each other's pools as talent war rages amid unprecedented growth
The Big Four accounting firms - EY, PwC, Deloitte, and KPMG - are engaged in a talent war as they seek to strengthen their advisory practices and fill gaps in their service portfolios. Deloitte recently hired 150 members, including 15 partners, from KPMG, prompting KPMG to actively court Deloitte partners and their teams. PwC is also said to be poaching eight partners from KPMG, along with over 150 executives. The demand for talent has intensified as the Big Four firms have reported significant growth, fueled primarily by advisory sectors such as consulting and transactions. Key Points
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Wells Fargo sells $2 billion of private equity investments
Wells Fargo (WFC.N) said on Friday it had sold about $2 billion of its private equity investments as the bank aims to sharpen focus on its core businesses. Key Points
ReutersWells Fargo sells $2 bln of private equity investments
Wells Fargo (WFC.N) said on Friday it had sold about $2 billion of its private equity investments as the bank aims to sharpen focus on its core businesses. Key Points
Reuters777 Partners' aviation asset arm in talks to take a stake in Eastar Jet, lease planes
AIP Capital said it was in talks to pick up a 10% stake in Eastar Jet as the aviation asset management arm of U.S.-based private equity firm 777 partners seeks to tap into the travel resurgence in Asia. Key Points
ReutersRajasthan Royals aims to triple its revenue streams: CEO Jake Lush McCrum
McCrum said the franchise had already boosted those streams and hoped for further growth, citing recent deals with companies such as Luminous Power, reportedly worth INR150m ($2m), for the IPL 2023 season. However, he conceded the funding crunch in startup space has reduced the number of brands engaging with sports sponsorship this year. Key Points
Economic Times5 ways smartphones are killing romance in your relationship
When we rely too heavily on our phones to communicate, we are missing out on opportunities to connect with our partners on a deeper level. Here are ways smartphone use is impacting our romantic relationships. Key Points
Hindustan Times
Blinkit stores have resumed operations after delivery partners' strike, says Zomato
Zomato, in a regulatory filing, has said that Blinkit stores have now resumed operations. It was recently reported that many Blinkit stores were temporarily out of service after delivery partners protested against change in their pay structure. Key Points
India TodayMS Dhoni files criminal case against ex-business partners for alleged fraud
In a surprising turn of events, former Indian cricket captain MS Dhoni has filed a criminal case against two former business partners, accusing them of duping him of approximately Rs 16 crore. The case has been lodged against the directors of Aarka Sports, a sports management company, and brings to light the challenges faced by sports personalities in the business realm. Key Points
Economic TimesMarico Q3 Update: Revenue drops even as volumes grow in low single-digit
Towards the end of the December quarter, Marico initiated significant steps towards improving the ROI of its general trade channel partners while structurally re-igniting growth in the channel. This included a primary stock correction for its channel partners. Key Points
Economic TimesEY initiates unprecedented partner layoffs amidst industry slowdown
International Business News: EY is conducting partner layoffs in various U.S. business segments, primarily in the advisory sector affecting consulting and strategy and transaction Key Points
Times Of IndiaToshiba accepts $15 billion buyout offer from JIP, Nikkei says
International Business News: Toshiba Corporation's board has approved a bid from a group led by Japan Industrial partners for $15.3bn. The move could bring down the curtain on yea Key Points
Times Of India
Turkey earthquake damage set to exceed $100 billion: UN agency
Turkey Earthquake: "It's clear from the calculations being done to date that the damage figure presented by the government and supported by...international partners would be in excess of $100 billion," said the UNDP's Louisa Vinton. | World News Key Points
Hindustan TimesGlobal health heavyweights team up for climate change, infectious diseases funding
Novo Nordisk Foundation, Wellcome and the Bill & Melinda Gates Foundation to put $100 million each. Three of the biggest global health funders have joined forces... Key Points
The Tribune IndiaTHL explores sale of healthcare IT firm Nextech
Private equity firm THL partners is exploring a sale of Nextech Systems LLC that could value the provider of healthcare software at around $1.5 billion, according to people familiar with the matter. Key Points
ReutersVande Bharat sleeper trains plan hits a snag
A top executive of Russia's leading rolling stock manufacturer TMH Group told ET that the company has reached out to top Indian government officials as venture partner state-owned Rail Vikas Nigam Ltd is now pressing for a higher stake in the joint venture formed to supply the coaches. This, he said, is in violation of an irrevocable and binding agreement between the two entities. Key Points
Economic TimesEV, AI, semicon favourites for VCs amid sluggish startup funding
Investments in the three sectors -- deep tech (including AI startups) climate tech and semiconductors -- have totalled $1.58 billion in 2023, in five months itself, according to data from Tracxn. Key Points
Economic Times