Latest news with #Saluja
Time of India
a day ago
- Business
- Time of India
ED issues summons to Care Health counsel over Rashmi Saluja Esops 'advice'
The Enforcement Directorate has summoned senior counsel Arvind Datar regarding his advice to Care Health Insurance on ESOPs issued to Rashmi Saluja. The investigation revolves around whether the ESOP issuance violated regulations, leading to scrutiny of legal opinions provided. Former Irdai chairman Hari Narayan may also be questioned in connection with the matter. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: India's federal anti-money laundering agency, the Enforcement Directorate, has issued summons to senior counsel Arvind Datar over his legal advice to Care Health Insurance on the controversial Esops (employee stock ownership) issued to former Religare Enterprises chairperson Rashmi Saluja. Religare holds a 62.98% stake in said the agency may also question former Irdai (Insurance Regulatory and Development Authority) chairman Hari Narayan, who also provided a legal opinion on the ESOP was forced to step down from Religare Enterprises-Care Health's parent-in February, after shareholders blocked her board re-appointment, ending an 18-month tumultuous legal battle against the Burman family-the biggest shareholders of Religare. Thereafter, the Burman family that runs Dabur officially took control of Religare as its new who has represented Sebi in high-profile cases like the Sahara fundraising case, is said to have told ED officials that lawyers cannot be summoned for investigations involving their clients. According to sources, he also told them that lawyers are also prohibited from disclosing legal advice given to their clients because of professional sent to Datar and Care in connection to this remained unanswered until press 2019, Care appointed Saluja as its non-executive chairperson. Two years later, it sought approval from Irdai to grant her Esops. In May 2022, Irdai rejected the plan on the grounds that Saluja's role as non-executive chairperson was similar to that of a non-executive director and that her remuneration should match such a then sought opinions from Datar and Narayan. Both of them advised the company that it could issue Esops because Saluja was an employee of Religare and held the position of executive chairperson. Giving her Esops as a non-executive chair of Care was not on this, Care allotted her 22,700,000 Esops. A securities lawyer explained that Esops can be given to both executive and non-executive directors if they are employees and not promoters. He added that Sebi rules consider non-executive directors as employees for the purpose of 2024, Irdai directed Care to buy back 7,569,000 shares given to Saluja at the same price paid for them (that is ₹45.32 per share) for violating its rules. The regulator also ordered the cancellation of all unused made headlines for opposing the Burmans attempting to gain control of the financial services company.
Yahoo
17-05-2025
- Business
- Yahoo
First-home buyer's money-saving tactic as property prices set to boom: 'Clever strategy'
Aussies are being warned they will face more intense competition to get into the property market and higher prices once the Reserve Bank of Australia (RBA) starts cutting interest rates again. The central bank is widely expected to lower the cash rate on Tuesday, and some Aussies are trying to beat the bull rush. Sonali Saluja settled on her first property on Monday, a three-bedroom, two-bathroom house in Geelong purchased for $586,000. The 38-year-old senior administrator told Yahoo Finance she took the plunge because she wanted to get in while prices were 'still reasonable'. 'I've been doing inspections actively from early March. I believed, after all the research and talking to experienced people, that this was a buyer's market,' she said. RELATED Commonwealth Bank boss pours cold water on supersized $181 RBA interest rate cut Coles shopper 'stunned' after getting $50 item free due to little-known rule: 'Insane' Centrelink issues urgent Age Pension eligibility change warning: 'Double check' 'Elections were also due, so a lot of experts were hoping that prices would boom after the election. 'And then with the further [RBA] meetings coming up and the anticipation of rates going down, it was a win-win situation for me.' Saluja moved to Australia from India about 17 years ago, with her husband currently still living overseas in India. She said it took her about two years to save up for a 10 per cent deposit, with her mother gifting her some money as a wedding present. Her mortgage repayments are currently $3,088 per month, and she is on a variable interest rate of 5.79 per cent. While interest rates are historically high for Australia, Saluja said they were still much lower than in India. 'In India, we're used to 8 or 9 per cent, which is normal for us. So around 5 per cent is great,' she said. Her bank, Great Southern Bank, previously passed on the February interest rate cut in full to customers. Should interest rates drop again next week and her bank passes it on, Saluja said she plans to put the savings towards paying off her mortgage quicker. 'My priority would be paying it off as soon as I can, which is why I have an offset account as well,' she said. Little Real Estate executive general manager of property services Anne Crarey said she was seeing a trend of first-home buyers, along with investors, returning to the market ahead of the expected interest rate cuts. 'I think it's actually a very clever strategy because interest rates are on the decline and we are expecting a cut next week, it is going to move more purchases into the market,' she told Yahoo Finance. 'More competition could potentially drive prices higher. So I do think if you're ready to buy now, you should be buying now. 'The reduction of interest rates is going to most likely drive prices up.' Research by Cotality, formerly CoreLogic, found property prices could increase by an average of 6.1 per cent for each 1 per cent drop in the cash rate, based on previous rate cuts. Commonwealth Bank, Westpac and ANZ are expecting a further three 0.25 per cent interest rate cuts this cycle, on top of the February rate cut. NAB has forecast a supersized 0.50 per cent cut next week, followed by four more cuts to lower the cash rate by 1.50 per cent in total. Australia property values reached new heights in March, reversing a recent downward trend, with Cotality attributing the improved sentiment following the February rate cut as likely the 'biggest driver of the turnaround'. The rate cut also continued to support an 'upwards inflection" in housing market conditions in April, but the research house noted the positive influence from lower rates was losing some potency. 'We had one cut. I think this cut is required and then potentially another cut, just to make sure that we do have that confidence that interest rates are consistently on the decline,' Crarey said. While much of the focus of interest rate cuts is on homeowners, Crarey said they could be good news for renters too. 'Tenants looking to buy is going to give some relief to the rental market. Ideally, we will get some more investors back into the market,' she said. 'The more investors that purchase means we will have more supply of rental properties, which will lead to more stability of prices in the rental market.' Saluja is currently packing up her rental and is hoping to move into her new home by next week. She said she was glad she bought her home when she did and had a 'gut feeling' it was the right choice for her. 'I'm glad that I made a decision. I think any first-time buyer who is still waiting, if they've found the one, they should fight for it,' she said. 'We're approaching times when we might not even be eligible to buy the property that we're looking at, so there's no point waiting too long. 'At this stage, I can say I got the property I wanted. But I don't know if I could say this in three months' time.'Error while retrieving data Sign in to access your portfolio Error while retrieving data
Economic Times
09-05-2025
- Entertainment
- Economic Times
'Are we invoicing in tiramisu now?': Freelancer shares hilarious incident of client paying with ‘cheesecake' instead of money, goes viral
iStock A freelancer's attempt to collect payment for her services took a bizarre twist when a client sent her a whole cheesecake instead of cash. In the wild world of freelancing, one often expects the unexpected. But even by those standards, Harnoor Saluja's recent client interaction takes the cake—quite literally. The communications professional, who works independently, found herself at the center of a viral storm after sharing a bizarre incident on LinkedIn. 'When I thought invoices couldn't get weirder, a client sent me a cheesecake,' she wrote, clearly still amused and a tad baffled. 'Not a thank-you note, not a payment—just dairy-based confusion.' What followed was a masterclass in comedic storytelling, seasoned with equal parts disbelief and wit. Saluja explained that she had shared her address with the client, fully expecting a standard monetary transfer. But the client, in a twist fit for a rom-com gone rogue, interpreted the address as an invitation to send dessert. 'They saw it and thought, 'This freelancer? She needs dessert',' she joked in her post. Her sarcasm only got sharper from there. 'Look, I love cake, but last I checked, I wasn't running a pastry subscription. Are we invoicing in tiramisu now? Should I start accepting PayPal and panna cotta?' The story took on a life of its own as thousands chimed in with equally delicious humour. One user quipped, 'Is this a new kind of barter collab?' Another suggested she add 'Ras Malai' to her list of acceptable payment options. Others were ready to ride the wave with her. 'Should I list 'gulab jamun' under preferred payment modes?' she asked rhetorically. Another commenter fired back, 'Only if you're ready to accept kaju katli as change.' Saluja's own reply to the madness? 'Sir, I'm here to get paid, not open a bakery. But if this is the vibe, I'm raising my rates to include éclairs and emotional compensation.' While the tone was lighthearted, the post underscored a very real frustration faced by freelancers—clients who delay, dodge, or downright ignore payments. Though wrapped in cheesecake, Saluja's anecdote sheds light on a serious issue within the gig economy: the undervaluing of creative and freelance labour. Yet, rather than name and shame, she opted for humour and grace, prompting laughter instead of outrage, and a digital moment of solidarity among other freelancers who've been there—minus the cheesecake saga has now become an internet fable of sorts, with freelancers jokingly contemplating a dessert-based economy. And though Harnoor Saluja still hasn't confirmed if she ever received the actual payment, one thing's certain—she's won the internet, and maybe a few new clients who pay in actual currency.
Time of India
09-05-2025
- Business
- Time of India
'Are we invoicing in tiramisu now?': Freelancer shares hilarious incident of client paying with ‘cheesecake' instead of money, goes viral
In the wild world of freelancing , one often expects the unexpected. But even by those standards, Harnoor Saluja's recent client interaction takes the cake—quite literally. The communications professional, who works independently, found herself at the center of a viral storm after sharing a bizarre incident on LinkedIn . #Operation Sindoor India-Pakistan Clash Live Updates| Missiles, shelling, and attacks — here's all that's happening Pakistani Air Force jet shot down in Pathankot by Indian Air Defence: Sources India on high alert: What's shut, who's on leave, and state-wise emergency measures 'When I thought invoices couldn't get weirder, a client sent me a cheesecake,' she wrote, clearly still amused and a tad baffled. 'Not a thank-you note, not a payment—just dairy-based confusion.' What followed was a masterclass in comedic storytelling, seasoned with equal parts disbelief and wit. A sweet misunderstanding or misplaced generosity? Saluja explained that she had shared her address with the client, fully expecting a standard monetary transfer. But the client, in a twist fit for a rom-com gone rogue, interpreted the address as an invitation to send dessert. 'They saw it and thought, 'This freelancer? She needs dessert',' she joked in her post. Her sarcasm only got sharper from there. 'Look, I love cake, but last I checked, I wasn't running a pastry subscription. Are we invoicing in tiramisu now? Should I start accepting PayPal and panna cotta?' You Might Also Like: Google techie's viral post sparks debate on work-life balance in big tech. Netizen says, 'you get paid more than 40 LPA' From humour to hilarity: Internet joins the bake sale The story took on a life of its own as thousands chimed in with equally delicious humour. One user quipped, 'Is this a new kind of barter collab?' Another suggested she add 'Ras Malai' to her list of acceptable payment options. Others were ready to ride the wave with her. 'Should I list 'gulab jamun' under preferred payment modes?' she asked rhetorically. Another commenter fired back, 'Only if you're ready to accept kaju katli as change.' Saluja's own reply to the madness? 'Sir, I'm here to get paid, not open a bakery. But if this is the vibe, I'm raising my rates to include éclairs and emotional compensation.' Bittersweet realities of the gig economy While the tone was lighthearted, the post underscored a very real frustration faced by freelancers—clients who delay, dodge, or downright ignore payments. Though wrapped in cheesecake, Saluja's anecdote sheds light on a serious issue within the gig economy: the undervaluing of creative and freelance labour. You Might Also Like: Son confesses to JEE Main struggles, texts father. Father's reply goes viral. Netizens say 'Pitaji Ko Mera Namaskar' Yet, rather than name and shame, she opted for humour and grace, prompting laughter instead of outrage, and a digital moment of solidarity among other freelancers who've been there—minus the dessert. The cheesecake saga has now become an internet fable of sorts, with freelancers jokingly contemplating a dessert-based economy. And though Harnoor Saluja still hasn't confirmed if she ever received the actual payment, one thing's certain—she's won the internet, and maybe a few new clients who pay in actual currency.
India Today
09-05-2025
- Business
- India Today
Freelancer says client paid her with a cheesecake instead of money. Viral post
A freelance working professional said she received a cheesecake instead of her payment after sending an invoice. Her post about the odd exchange has gone viral on social media. LinkedIn often brings forward stories of workplace challenges and client experiences, but a user's recent post added a sweet, if confusing, Saluja, a communications professional, said in her post, 'When I thought invoices couldn't get weirder, a client sent me a cheesecake.' advertisement 'Yes. A whole cheesecake. Not a thank-you note, not a payment—just dairy-based confusion,' she added. She explained that she had shared her address, expecting a monetary transfer. Instead, the client interpreted it as a signal to send dessert. 'They saw it and thought, 'This freelancer? She needs dessert',' she added, 'Look, I love cake, but last I checked, I wasn't running a pastry subscription. Are we invoicing in tiramisu now? Should I start accepting PayPal and panna cotta?'Her post continued with a mix of humour and disbelief: 'Sir, I'm here to get paid, not open a bakery. But if this is the vibe, I'm raising my rates to include clairs and emotional compensation. Should I list 'gulab jamun' under preferred payment modes?'Take a look at the viral post here: advertisementThe post invited several witty responses from LinkedIn users. 'Send moongfali,' said a user, to which Saluja replied, 'Only if you're ready to accept kaju katli as change.'Another user asked, 'Is this a new way of 'barter collab' that I'm unaware of?' while one of the users said, 'Could you please also include Ras Malai as a preferred payment option? I'd prefer to pay for a Ras Malai if that's accepted.'See the comments here: While many sympathised with Harnoor Saluja's situation, most found humour in the oddity of being paid with cake instead of cash. Trending Reel
