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PUBLIC CHARITABLE INSTITUTION
Tata Trusts vice chairman seeks inquiry into 1989 share transfer of Tata SonsA controversy surrounds a 1989 Tata Sons share transfer. Tata Trusts vice chairman Vijay Singh has requested an independent inquiry. This f...- Reliance Foundation secures major win as ITAT overturns cancellation of charity registrationReliance Foundation has won a legal battle against the Income Tax authorities regarding the 'charitable' status of its Mumbai hospital. A t...
- Words of wisdom by Charles Dickens: “A loving heart is the truest wisdom” — Why compassion remains humanity’s greatest strengthCharles Dickens’ famous quote, “A loving heart is the truest wisdom,” remains one of the most powerful wisdom lessons in modern life. He di...
- A Tata Trust board meets amid shadows over old share dealSir Dorabji Tata Trust trustees met Monday for routine matters. A petition questioning a 1989 Tata Sons share transfer to Noel Tata's fathe...
- Tata Trusts row: Fresh complaint filed with Charity Commissioner over share transferA fresh complaint has been filed with the Maharashtra Charity Commissioner ahead of the June 8 meeting of trustees of Sir Dorabji Tata Trus...
- Quote of the day by John D Rockefeller: 'If you want to succeed you should strike out on new paths, rather than...' Life lessons on success, hard work and human nature by American industrialist and philanthropistQuote of the day by John D Rockefeller talks about taking new paths to achieve success instead of following accepted methods. The quote exp...
- Tata Sons IPO: Why former Tata veteran Soonawala is warning against listing the conglomerateA former Tata Sons executive opposes a public listing. He believes an IPO could change the group's structure and social mission. Listing mi...
- India should increase investment in R&D to 2 per cent of GDP: Niti AayogNiti Aayog has urged India to boost research and development investment to two percent of GDP within five years. The report suggests restor...
- In trial pitting him against Elon Musk, nobody has more to lose than OpenAI CEO Sam AltmanAa a high-stakes trial pits Elon Musk against Sam Altman, the OpenAI CEO is facing intense scrutiny over his leadership. Testimony reveals ...
- Quote of the Day by MacKenzie Scott: "I have a disproportionate amount of money to share."Quote of the Day by MacKenzie Scott reflects her evolving approach to wealth and philanthropy. As one of the world’s wealthiest individuals...
- Why did oil prices crash today? $920 million crude oil short placed 70 minutes before US-Iran 14-point deal report — was someone trading on inside information?Oil prices crash today: Nearly $920 million in crude oil shorts entered the market just 70 minutes before reports claimed the US and Iran w...
- Tax shadow over charitable trusts with 'profit' motiveThree top-notch hospitals in Mumbai and a famous international spiritual organisation-all functioning as charitable trusts-have been denied...
- One of Iran's most powerful families founded its largest crypto exchange. It's used by the IRGC to move millionsIran's largest cryptocurrency exchange, Nobitex, is controlled by the sons of the influential Kharrazi family, who concealed their ties for...
- ChatGPT OpenAI Elon Musk trial: From calling Artificial Intelligence firm charity to existential crisis, key takeaways from Tesla boss' testimonyElon Musk repeatedly described OpenAI as a charity and testified that Altman and Brockman reneged on an initial promise to keep the nonprof...
- ET Prime Special Series: Multibagger or Bankrupt - Part 56: An acquisition, a divestment, and a JV for EV. Ready for re-rating?Bulls argue this company is becoming a complete mobility-platform supplier in India: Power solutions and aftermarket, braking and safety. B...
- Tata Trusts review trustee roles at two entities as Maharashtra law caps lifetime positionsTata Trusts is currently under the microscope due to its ongoing trustee appointments. Recent legislation in Maharashtra has placed limitat...
- Tata Trusts to amend Bai Hirabai Trust deed, trustee eligibility clauses under reviewTata Trusts trustees will seek to change rules in the Bai Hirabai Trust deed. These rules previously barred non-Zoroastrians from becoming ...
- Tata Trust row deepens as Mehli Mistry seeks administrator for SDTTMehli Mistry, removed from Tata Trusts, has filed a complaint with the Maharashtra Charity Commissioner. He seeks an administrator for the ...
- CBDT defers requirement of registration of charitable, religious trusts by 4 months till Oct 1Earlier, such registrations/approvals were granted without any specific expiry period unless specifically withdrawn by concerned tax author...
- Only charity for a cause to get tax exemptionCharity sees the need, not the cause, it is said. However, the government now wants to see the cause before extending tax benefits.
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