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MISLEADING FINANCIAL CLAIMS
Inside KPMG's AI report scandal: False claims, bogus case studies and hallucinated success storiesKPMG has retracted a global report after major organizations like UBS and the NHS denied claims of using AI for operational transformations...- The accounting trick used by companies to make a weak balance sheet look strongIn one recent case, a large investment sat comfortably under equity until the auditor read the shareholders' agreement, found a buyback cla...
- AirAsia ordered to pay Rs 90,750 after flight delay damages Kerala man's plantA farmer's hybrid jackfruit sapling was damaged due to a significant flight delay by AirAsia, leading to a missed connection. The consumer ...
- Cantor V founder and Indian-origin California businessman Mahender Makhijani accused in $100 million fraud; sex party and blackmail claims surfaceIndian-origin businessman and founder of Cantor V Group, Mahender Makhijani, is facing a $100 million fraud investigation in California. Pr...
- Who is Neeraj Sharma, the Indian-American CEO set to lose US citizenship over H-1B visa fraud for jobs that never existed?An Indian-origin businessman, Neeraj Sharma, is at the center of a US immigration fraud case. Authorities are seeking to revoke his citizen...
- Explained: Inside Sebi's Rs 15.15 lakh crore revenue inflation allegations against Rajesh ExportsRajesh Exports has come under intense scrutiny after Sebi accused the company and its promoter of inflating revenues, misclassifying person...
- The curious case of Rajesh Exports: Massive revenues, meagre profitsIndia's fourth-largest company, Rajesh Exports, faces a Sebi probe for alleged financial fraud. Investigations point to accounting irregula...
- Uttar Pradesh RERA cautions against panic buying of homes, says sufficient inventory available for saleUttar Pradesh real estate regulator RERA reveals over 1.15 lakh housing and commercial units are available for sale across the state. Buyer...
- In FY26, 97% of violative ads were on digital platforms, 4/5ths of them on Meta: AsciNew data reveals digital platforms dominate problematic advertisements in the upcoming financial year. Meta alone is responsible for a sign...
- OSM system backed by secure, robust IT platform, says CBSEThe CBSE has defended its On-Screen Marking System, calling it secure and robust. This comes amid controversy over a contract awarded to a ...
- Misleading, erroneous: CBSE response to Rahul Gandhi's allegation OSM contract given to scam-infested firmThe Central Board of Secondary Education has denied claims of irregularities in awarding a contract to Coempt Edutech. Congress leader Rahu...
- Byju gets jail term; SC backs 28% gaming GSTLegal troubles compounded for Byju Raveendran as a Singapore court sentenced him to six months in jail. This and more in today’s ETtech Top...
- 161,000 affected in Krispy Kreme data breach settlement: Eligibility, payout details, and claim rules explainedThe Krispy Kreme Data Breach Settlement has drawn attention after reports confirmed a 2024 data breach affecting about 161,000 individuals ...
- Delhi Gymkhana seeks alternative land for relocation of club in case takeover proceedsThe Delhi Gymkhana Club committee has appealed to the Centre to maintain the club's operations. They seek clarity on relocation and employe...
- Rs 60,00,00,00,000 Scam: How this con woman used Sharia law to trap nearly 2 lakh investors chasing 'Halal profits'Rs 6000 crore Ponzi scam: Nowhera Shaik, a Hyderabad-based businesswoman, has been arrested by the Enforcement Directorate in connection wi...
- Paying extra for MF-PMS? Here’s what investors get and what they may lose on returnsPMS-style mutual fund advisory can fetch you a curated selection of funds with allocation and execution embedded. This convenience faces a ...
- Elon Musk, Sam Altman under attack as OpenAI trial nears endElon Musk's lawyer attacked OpenAI CEO Sam Altman's credibility during closing arguments, accusing the company of enriching itself and stra...
- Has Air India cancelled all international flights until July 2026? Here’s the truth behind the viral claimAir India Flights: Rumors of Air India suspending all international flights until July 2026 are misleading. The airline has temporarily red...
- Rs 40 lakh return from Rs 22,000 investment? How ‘Quantum AI’ scam is misusing Nirmala Sitharaman’s name to lure investorsQuantum AI scam: A viral message falsely claims Finance Minister Nirmala Sitharaman is promoting a 'Quantum AI' investment scheme. It promi...
- RBI cautions against misleading campaigns promising loan waiversAttention all borrowers! The Reserve Bank of India has flagged a concerning trend involving fraudulent loan waiver initiatives. These dupli...
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