financial collapse

Candace Owens’ cancelled Australian tour has turned into a major financial controversy after promoter Rocksman collapsed with almost no money left, leaving around 15,000 ticket holders without refunds. Owens claims her team lost “hundreds of thousands of dollars” during the failed visa battle and refund efforts. Liquidation reports are now examining the company’s finances, including possible insolvent trading and questionable transactions, while angry fans and sponsors continue demanding answers about the missing money.

Byju Raveendran, once a startup icon, faces a Singapore prison sentence for contempt, highlighting the dramatic fall of his edtech giant. Once valued in billions, the company's aggressive growth model, fueled by pandemic demand, ultimately led to financial and legal troubles, shaking India's startup narrative and prompting a re-evaluation of the edtech sector's priorities.

Bengal's civic bodies are facing collapse due to widespread resignations, even within Trinamool strongholds, signaling internal party strain. Recent mass departures in North Barrackpore, Diamond Harbour, and Contai have destabilized numerous municipalities. Chief Minister Mamata Banerjee has appealed for unity amidst this growing unrest.

Kerala's ambitious SilverLine rail project has been officially cancelled, marking a significant political shift. The government has halted land acquisition and withdrawn cases against protesters. This decision follows overwhelming evidence of the project's financial, environmental, and technical non-viability, despite initial government assurances. Experts and citizens had repeatedly raised concerns about its feasibility and impact.

Byju's, once a $22 billion edtech giant, has collapsed. Founder Byju Raveendran faces jail for contempt. The remarkable thing about Byju’s is that it did not begin as a cynical idea. There was something authentic at its core. That is partly why the collapse feels so dramatic

A 36-year-old man died tragically in Lucknow. A sack of construction debris fell from a hotel building, striking him on the head. The incident occurred while he was on his way to work. Police have detained the hotel owner for questioning. The victim's family is seeking justice and compensation.

Nvidia CEO Jensen Huang revealed the immense struggles, including near-bankruptcy and personal sacrifices, behind building the tech giant. He admitted the journey was filled with humiliation and setbacks, stating he wouldn't have started Nvidia again if he'd known the pain. Huang emphasized the emotional toll on founders, highlighting the importance of endurance and focusing forward despite hardships.

Japan faces a growing crisis with nine million empty homes, or akiya, due to population decline, inheritance issues, and costly demolition. Tax incentives encourage owners to leave properties standing, leading to decay and potential risks for communities. Many of these vacant homes are unsellable or unrentable.

Zoho founder Sridhar Vembu expresses concern over rising US public frustration with AI, questioning why negative sentiment is growing despite America's leadership in the field. He attributes this anger partly to companies unfairly blaming AI for job losses, arguing that economic pressures are the true driver of layoffs.

Edtech giant Byju's founder Byju Raveendran received a six-month prison sentence in Singapore for contempt of court over asset disclosure non-compliance. This latest setback adds to the company's mounting legal woes, including fund diversion allegations and creditor claims, marking a significant downfall for the once-celebrated startup.

Zoho founder Sridhar Vembu warns the AI boom is a massive investment bubble, potentially the largest yet. A viral post claims AI growth relies on 'round trip revenue loops,' where tech giants fund AI startups with cloud credits, which startups then spend on those same giants' servers. This creates inflated revenue and paper profits, mirroring the dot-com crash.

The NCP (Sharadchandra Pawar) has slammed the BJP's fuel conservation efforts as mere "publicity" and questioned the Centre's pricing policy. The party argues that symbolic austerity measures won't lower prices, while citizens bear the brunt of rising fuel costs and oil company profits remain high. They demand an all-party meeting on energy security.

The ruling marks another setback for the entrepreneur, who is already facing legal challenges from overseas investors across multiple jurisdictions. In the United States, lenders are attempting to recover losses tied to a soured $1.2 billion loan.