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The ‘Rs 300 crore unsold inventory charge’ that Mamaearth has ‘trashed’
Mamaearth’s parent company, Honasa Consumer, is facing allegations of unsold inventory burdening distributors with losses. Honasa refutes the claims, stating a significantly lower inventory value. The company is undergoing a restructuring process, transitioning to a direct distributor model, which has impacted its financial performance. Despite the challenges, Honasa remains committed to its strategy.
‘Embarrassment’: Musk wades into UK politics, calls for PM Starmer’s resignation
Elon Musk has called for the resignation of UK Prime Minister Sir Keir Starmer, criticising his past handling of grooming gangs and accusing him of being a national embarrassment. Musk’s comments, which also supported far-right figure Tommy Robinson and controversial politician Nigel Farage, have sparked significant debate and backlash within British politics.
Watch: Vehicles swept away, villages submerged as massive floods hit TN
Tamil Nadu experienced severe flooding on Monday due to heavy rains despite Cyclone Fengal’s weakened state. The deluge cut off roads and bridges, disrupted traffic, and submerged crops and neighborhoods. Rainfall reached record levels in Krishnagiri and Dharmapuri. Thousands sought refuge in relief camps, and the state requested Rs 2,000 crore for restoration.
New malware exploits fake updates to steal data
Windows has always been a favorite target for hackers, but it seems they have now figured out how to actively target Macs as well. We’ve seen an alarming rise in malware affecting Mac computers, stealing personal data and cryptocurrency. Threat actors are now using AI along with elaborate social engineering tricks to target Apple users, and…
‘Rs 2,026cr loss to exchequer’: BJP targets AAP over CAG report on ‘liquorgate’
The BJP has accused the AAP of causing a Rs 2,026 crore loss to the Delhi exchequer through a liquor scam, according to leaked CAG report pages. Union Minister Anurag Thakur and BJP President JP Nadda criticized the AAP’s excise policies, calling former CM Arvind Kejriwal the kingpin of the alleged scam.
