IBBI rationalises regulatory framework for insolvency professional entities
The Insolvency and Bankruptcy Board of India (IBBI) has introduced measures to streamline the regulatory framework for insolvency professional entities (IPEs) and enhance the efficiency of insolvency professionals (IPs). The regulator clarified disciplinary proceedings, the limit on the number of assignments, and fee structures for IPEs. Disciplinary proceedings may be initiated against the IPE's partner or director who is an IP and was authorized for the assignment. The limit on the number of assignments will not apply to IPEs. Additionally, the fee structure for IPEs will be market-determined, reflecting their expanded role and institutional framework. Key Points
Economic TimesInside the world of professional cuddling in the heart of NYC
In the concrete jungle, where dreams are pursued and ambitions thrive, many find themselves yearning for something that proves elusive in the cacophony of city life: genuine human connection. In response to this profound yearning, an extraordinary profession has emerged, offering an unconventional yet powerful solution. Key Points
Economic TimesGo First lenders select EY-backed Ajmera as RP
Ajmera's selection is subject to approval from the National Company Law Tribunal (NCLT). The selection was communicated at a meeting of the committee of creditors of Go First on Friday. If approved by NCLT, Ajmera will replace an interim resolution professional who is currently running the company and was originally recommended by Go First's former management, according to sources aware of the matter. Key Points
Economic TimesICSI December 2022 result for CS Professional, Executive courses today @icsi.edu
ICSI Result: CS professional results will be available at 11 am and Executive result will be announced at 2 pm at icsi.edu. Key Points
Hindustan Timesprofessional tax has to be paid by salaried people in these 22 states
Professional tax has to be paid to the State government by every individual earning over a certain monetary limit in 22 states in India. It is only when someone earns an income in any Union Territories and some states like Delhi, Uttar Pradesh, others that they need not pay any professional tax. Key Points
Economic Times
What is professional tax: These employees might have to pay it if working from home
Even if an employee is working from his/her home they need to pay professional tax if their office is registered in a state where professional tax is levied. There could even be situations where an employee is working from home in a state which does not levy professional tax, yet the employee has to pay professional tax. There could be other such situations also. Read here to find out. Key Points
Economic TimesMumbai realtor illegally sells 82 flats during insolvency process
The NCLT had admitted the company under insolvency and had appointed OP Agrawal as the interim resolution professional to take over the operations of the defaulter company in 2018 while suspending its directors and intimating them about implications of the moratorium under the code. In February 2019, one of the employees of the company had requested the resolution professional through an email to authorise the suspended directors to sign pre-CIRP sale agreements. Key Points
Economic TimesICSI to begin registration for CS Executive, professional June 2023 exam today
ICSI Registration: The website to submit applications is icsi.edu and the last date to apply is March 25. | Competitive Exams Key Points
Hindustan TimesEx-Microsoft HR VP shares what people can do after getting laid off, says consider legal options
Microsoft's former HR VP, Chris Williams, offers advice to those affected by layoffs. He says people should carefully review paperwork, consider legal advice, and leverage professional networks. Key Points
India Today10 Quotes by Sundar Pichai on Leadership and Innovation
Business executive Pichai Sundararajan, best known by his professional name Sundar Pichai, is Indian-American. He supervises both Google's parent company Alphabet Inc. and its operations. Key Points
Times of India
Career lessons from SRK: How to keep yourself evergreen throughout the years
Shah Rukh Khan's ability to reinvent himself and connect with millions over decades raises questions about building long-lasting careers. Kenneth Scott, Co-Founder and Director at AO of Hospitality Pvt Ltd, emphasizes the importance of continually upskilling and staying committed to one organization over a long-term period. Key Points
Economic TimesGo First lenders set up committee of creditors, appoint Shailendra Ajmera as resolution professional: Report
Lenders of low-cost carrier Go First have established a Committee of Creditors and have appointed Shailendra Ajmera as a resolution professional in the airline's insolvency case. The CoC will consider a revival plan for the airline and submit proposals to the Directorate General of Civil Aviation. Key Points
mintBoth men and women seek white-collar gig jobs, but for different reasons
While women take up white-collar freelance roles primarily to enable them to stay in the workforce, men choose independent roles to build their professional brand, according to research into work patterns carried out by the white-collar gig platform Flexing It. The skill architecture is different too. Technology has emerged as a major skill area for both. Skills like strategy and business development, as well as supply chain and logistics, have a significant supply of highly skilled male consultants. This is contrasted by the skills of HR and finance that female consultants bring in large proportions. Key Points
Economic TimesThe entrepreneurs who regret starting businesses
Especially recently, becoming your own boss can be glamourous. But not everyone who’s forged their independent professional path is happy they did. Key Points
BBCRising Impact: See sports anime’s release date, plot, cast, streaming platform and more
Nakaba Suzuki's manga, Rising Impact, gets a Netflix anime 25 years after its 1998 debut. The plot follows Gawain Nanaumi's journey from baseball enthusiast to aspiring professional golfer at Camelot Academy. Cast includes Misaki Kuno, Yumiri Hanamori, You Taichi, Atsumi Tanezaki, Katsuyuki Konishi, Shunsuke Takeuchi, Yuto Uemura, Kaede Hondo, Yumi Uchiyama, and Eiji Takemoto. Key Points
Economic Times
SSC to recruit for Young professional (IT) posts, details here
SSC will recruit candidates for Young professional posts. Eligible candidates can check details here. Key Points
Hindustan TimesAdmitting investing mistakes directly leads to making better decisions and, thus, making more money
Most of us, as investors and in other walks of life, rationalise our bad decisions or simply forget about them. professional fund managers and business managers always try to paper over their mistakes simply as a professional survival mechanism. Key Points
Economic TimesLinkedIn eyeing India for its next 100 million members
LinkedIn‘s India business grew by 84% since FY20, and almost quadrupled in size over the past five years. The platform is betting high on the country for its next 100 million members, Ashutosh Gupta, India Country Manager of the California-based professional network and employment platform told The Hindu in an interview. Key Points
The HinduTop French League Is Said to Pick Dazn, BeIN Broadcast Deal
France’s elite professional football league backed a broadcast deal with Len Blavatnik’s streaming group Dazn Group Ltd. and the Qatari sports broadcaster beIN to screen live matches this season, according to a person familiar with the matter. Key Points
mintET Awards 2023: India’s best no longer feel compelled to look beyond our borders, says Satyan Gajwani
Satyan Gajwani, vice chairman, Times Internet, spoke about the remarkable growth of Indias stock markets, showcasing a news report from ET in 1998 quoting a survey result of 3,000 households that preferred selling their stocks rather than buying them. He highlighted Indias burgeoning startup ecosystem, which has persuaded talent to stay in the country. “And most of all, the best and brightest of India no longer feel compelled to look beyond our borders for professional growth, seeing the potential to make a real impact here at home.” Key Points
Economic Times
Married To The Game: See new Prime Video show’s release date, plot, cast, trailer and more
Married To The Game offers an intimate look into the lives of Premier League players and their partners, highlighting the challenges of fame, family, and personal aspirations. Set to premiere on February 23, 2024, this six-part series promises a candid portrayal of the footballers' off-field experiences, providing viewers with a fresh perspective on the world of professional football. Key Points
Economic TimesThis job of getting answers from AI like ChatGPT or Dall-E can pay you more than 2.4 crores
AI-related roles, such as providing precise prompts to generative AI systems, can reportedly offer a salary as high as Rs 2.4 crores. Key Points
India TodayTiger 3: Hollywood star Michelle Lee opens up on shooting an action scene in a towel with Katrina Kaif, says 'It was pretty epic'
Michelle is all praises for Katrina Kaif whose dedication towards perfecting action sequences has bowled her over. She says, 'Katrina was as graceful and professional as can be. Key Points
FirstpostNCLT issues notice to Go First in Delhivery case, gives airline two weeks to reply
The National Company Law Tribunal (NCLT) on Thursday issued notice to Go First in Delhivery case after the settlement talks between the two entities reportedly failed. The resolution professional for Go First has been given two weeks time to file reply to notice. Key Points
Economic TimesGo First gets claims worth $2.9 billion from creditors: Sources
The process is in line with procedural requirements under Indian law which allow every creditor a right to payment and remedy by submitting claims if a company is under bankruptcy. Once the claims are filed, the resolution professional has to check its authenticity. Key Points
Economic Times
Why 'burning bridges' may not be a career killer
Leaving workplaces on bad terms or speaking out against employers has long been considered professionally risky. But the tides may be changing. Key Points
BBCReview audit of Videocon hints at questionable accounting entries by promoters
For the financial year that ended March 31, 2022, the company has reported a total standalone income from operation at Rs 755.72 crore and a net loss of Rs 6,111.4 crore. Key Points
FinancialexpressGo Air lenders likely to appoint Anuj Jain of KPMG India as new RP at CoC meeting today
Lenders of Go Airlines are considering appointing KPMG-backed resolution professional at the first committee of creditors (CoC) meeting scheduled for today to discuss a proposal for additional funding to restart the airline. KPMG, EY, Grant Thornton, PwC, Deloitte, and A&M were in the fray for the RP role. Key Points
Economic TimesIndia, Canada discusses mutual recognition of educational qualifications, dual degrees
Commerce minister Piyush Goyal was in Canada on an official visit and these issues came up for discussion during his meeting with his Canadian counterpart Mary Ng. Piyush Goyal also mentioned that dual degrees, mutual recognition of our educational qualification throughout professional bodies... were discussed in the meetings, it said. Key Points
Economic TimesResident Evil 4 remake: Here's how to unlock Chicago Sweeper, know what is it?
Resident Evil 4 remake is live now. Among all the offering that comes with 2023 Resident Evil 4 remake, gamers are wondering how to unlock the much anticipated Chicago Sweeper. Check how to unlock it. Key Points
Economic Times