CHARITABLE INSTITUTIONS
Mehli Mistry challenges ouster from Tata Trust
Mehli Mistry has filed objections against his removal as a trustee of Bai Hirabai Jamsetji Charitable Institution. He claims that the decision was invalid and the voting process was flawed. Mistry argues that the trust deed does not specify a fixed tenure for trustees or eligibility based on citizenship.
Mehli Mistry challenges removal as Tata Trusts trustee, seeks independent inquiry into governance
Mehli Mistry has filed a challenge against his removal as a trustee of the Sir Dorabji Tata Trust. He has raised concerns about procedural irregularities and trustee eligibility in his case. Mistry also seeks an independent inquiry into financial matters related to the trust's administration. He has claimed conflicts of interest and improper financial benefits received by some trustees.
Michael Douglas did not inherit his father's fortune. Why Kirk Douglas chose philanthropy over family inheritance
Hollywood legend Kirk Douglas reportedly left $50 million of his estimated $61 million fortune to charity instead of passing it on to his son, actor Michael Douglas. The decision reflected a lifelong commitment to philanthropy that Kirk shared with his wife, Anne. From supporting children's education and healthcare to improving public school playgrounds and helping homeless people, the couple spent decades directing their wealth towards charitable causes through the Douglas Foundation, which has donated nearly $120 million to more than 200 organisations.
The business of running a hospital: Balancing profitability, patient trust and scale
A hospital’s financial health depends on more than occupancy and revenue, requiring a careful balance of cost control, cash flow and patient trust.
Delhi techie couple donates Rs 50 to political party, claims Rs 40 lakh ITR deduction, evades Rs 5.3 crore income tax, faces IT probe
A Delhi-NCR techie couple allegedly claimed Rs 40 lakh in tax deductions after donating just Rs 50 to a political party. An Income Tax Department probe uncovered fabricated donation receipts, a ChatGPT-generated Yale education loan certificate, bogus housing loan claims and undisclosed rental income, estimating tax evasion of Rs 5.3 crore over five years.
Supreme Court to hear plea saying labour code keeps charitable hospital and welfare body workers out of labour courts
The All India Trade Union Congress in Tamil Nadu has filed a petition against the Industrial Relations Code, 2020. They argue the law excludes charitable institutions and welfare organizations from the definition of 'industry'. This exclusion denies workers in these fields access to legal protections against unfair termination and labor disputes. The Supreme Court's previous ruling established the nature of activities as the defining factor for 'industry'.
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Valmiki Jayanti (October 26, 2026): Date, Significance, History and Why It Is Celebrated
Valmiki Jayanti 2026 will be celebrated on October 26, honouring Maharishi Valmiki, the revered sage traditionally credited with composing the Ramayana. Observed on Ashwin Purnima, the occasion highlights his contribution to Sanskrit literature, Hindu traditions and spiritual teachings. Discover the festival's date, Purnima Tithi, history, religious significance, traditional celebrations and the enduring lessons associated with the life of Adi Kavi.
Ariana Grande’s charity gives $125,000 to support LGBTQ+ rights, mental health and immigrant communities
Ariana Grande has established The Brighter Days Ahead Foundation to aid vulnerable communities in need of support. The foundation focuses on four funding streams, including emergency assistance and mental health services. Recent contributions have included a $125,000 grant to Trans Lifeline to help provide direct assistance to transgender individuals. Grande aims to encourage other donors to contribute as well, improving support for smaller nonprofits.
‘Don’t let Tata lose its soul’: Six Parsi organisations write a letter, raising concerns around Tata Sons' listing
Six Parsi organisations have written to Prime Minister Narendra Modi, warning that a Tata Sons stock market listing could undermine the Tata Group’s legacy, philanthropic ethos and long-term stewardship. The October 7 letter backs the Tata Trusts and the Tata family amid an ongoing dispute over the holding company’s listing.
Ashwin Purnima Snan-Daan Muhurat 2026: Ganga Snan Timings, Tithi End Time and Daan Guide
Ashwin Purnima Snan-Daan falls on October 26, 2026, a perfect day for devotees to engage in sacred ceremonies. The auspicious Purnima Tithi will commence on October 25, continuing until the morning of October 26. Participants are encouraged to take a holy dip and offer acts of charity post-bathing. Ganga Snan timings may differ based on location, so it's advisable to check local times.
What to Donate on Papankusha Ekadashi? 5 Items, Traditions and Their Religious Significance
During Papankusha Ekadashi, devotees are inspired to embrace generosity through charitable donations that honor Lord Vishnu. Activities like providing food grains, clothing, and essential goods are encouraged, with an emphasis on considering one’s financial ability while giving. Donors should ensure that all items are clean and suitable, embodying the principles of kindness and sacrifice integral to Hindu worship.
Tryst with hyperpolitics: CJP won’t determine Gen Z’s political future, how opposition parties harness its energy will
The Cockroach Janta Party (CJP) reflects a shift towards hyperpolitics in India amid ongoing youth protests. As traditional political parties mobilise against the Election Commission, CJP remains an independent and amorphous entity without formal structure. This model captures fleeting moments of youth anger but lacks sustainability due to minimal institutional support. Observers note that CJP's successes are often propelled by established political parties' organizational efforts.
Gautam Adani meets Gurudevshri Rakeshji in Dharampur, says Adani Foundation keen to partner with mission on Grassroots Projects
Gautam Adani visited Shrimad Rajchandra Mission Dharampur in Gujarat along with his wife Dr. Priti Adani. They met the Mission's founder, Gurudevshri Rakeshji, to discuss the principles of seva and sadhana. During the visit, Adani expressed interest in collaborating with the Mission on various initiatives and praised the volunteers' dedication.
Taylor Swift Book Donation: How her $68,000 gift of 6,000 books helped make reading 'cool' among children and teenagers
Taylor Swift donated 6,000 books worth around $68,000 to Pennsylvania’s Reading Public Library in 2011 when the institution was struggling. The books, intended for children and teenagers, were distributed across its branches. As reported by the Reading Eagle, the donation helped bring attention to young readers and highlighted Swift’s connection to her hometown community.
Mistry Objection Not Valid, say two Tata Trusts
Two Tata trusts, Sir Dorabji Tata Trust and Bai Hirabai Jamsetji Tata Navsari Charitable Institution, challenge Mehli Mistry's objections. Mistry claims irregularities in trustee appointments, while the trusts deny any illegal actions. Both trusts assert that his term expired and he no longer qualifies as a trustee. Additionally, the BHJTNCI seeks to replace its reporting trustee, leading to further legal disputes. Proceedings on these matters are set for November 5.
Nana Patekar passes away: PM Modi, Rahul Gandhi, Anupam Kher, Rajinikanth pay tributes
Nana Patekar, the veteran actor, died at his residence in Goa from a cardiac arrest. His death prompted tributes from various politicians, celebrities, and sports figures, reflecting on his contributions. Prime Minister Narendra Modi and other leaders expressed deep sorrow and acknowledged his impact on Indian cinema and society.
Tata Trusts vice chairmen Vijay Singh, Venu Srinivasan inform trustees in letter they weren’t consulted on Tata Sons reorganisation
A fresh rift has emerged within Tata Trusts over Tata Sons’ proposed reorganisation, with Sir Dorabji Tata Trust vice chairmen Venu Srinivasan and Vijay Singh saying they were not consulted before a letter supporting the plan was sent to Tata Sons. The trustees questioned the process, governance implications and whether the communication represented the collective position of the trust.
NBA superstar LeBron James turned his hometown connection into a school that gives children more than classrooms
LeBron James established the I PROMISE School in Akron, dedicated to aiding students who require both academic guidance and personal support. This innovative institution takes a holistic approach, providing essential services such as housing assistance and nutrition programs for families. By 2025, the school served 343 students, seamlessly merging education with vital community resources to enhance children's prospects by addressing their overall circumstances.
SBI seeks clarity on bank accounts under proposed FCRA rules
State Bank of India presented to the Joint Parliamentary Committee regarding the Foreign Contribution (Regulation) Amendment Bill. Officials raised concerns about gaps in foreign donation handling when registration lapses occur. They suggested that clear banking procedures be established for affected organizations. The bill proposed transferring compliance responsibilities to a government-designated authority in certain cases. Opposition parties criticized the bill for potentially disadvantaging minority groups and impacting foreign funding for NGOs.
Jeff Thomasson built a $38 billion firm from $20,000 debt and 1,000 client meetings a year, now gives $100 million to Indiana University
Jeff Thomasson has donated $100 million to Indiana University’s Kelley School of Business. Thomasson founded Oxford Financial Group at age 23 with $20,000 in graduate-school debt and went on to build the firm into a major wealth management business with more than $38 billion in assets under advisement. Reports hint that he built his client base by holding 1,000 meetings in a year.
Cashless health insurance claims: What policyholders can do when hospitals and insurers clash over bills, approvals, and deductions
Inflated bills, delayed approvals, arbitrary deductions. As hospitals and insurers trade charges, policyholders are left footing the bill. What will it take to fix the system?
French mother and Black American father, kidnapped in infancy and raised as a live-in servant in a Swiss family; at 16, Daniel Pauly, ‘The Ocean’s Whistleblower’ escaped Germany and made a massive database covering 36,000+ fish species
Daniel Pauly was born in Paris and faced numerous hardships, including being raised in Switzerland without parental love. After fleeing his unconventional childhood, he pursued higher education and researched fisheries management across multiple continents. His work led to the creation of FishBase and the Sea Around Us project, which quantifies human impacts on global fisheries.
Tata Sons listing row puts individual Tata Trusts trustees under sharper focus
Tata Sons and Tata Trusts are facing significant tensions as they prepare for the upcoming annual general meeting. The Reserve Bank of India's directive has exacerbated governance and influence issues within the trusts. Individual trustees are now under increased scrutiny as their positions become crucial in ongoing debates. Key figures like Noel Tata and Venu Srinivasan are taking opposing sides on important issues.
Horoscope Today, September 24, 2026: Capricorn Strengthens Family Savings, Aquarius Turns Bold Ideas Into Innovation and Pisces Clears Back-Office Work and International Tasks
Today planetary movements drive structured personal leadership, back-office efficiency, and long-term network growth. This movement enhances Capricorn's focus on long-term family wealth and bank savings, guides Aquarius to leverage personal authority and unconventional ideas for structural innovation, and prompts Pisces to clear back-office tasks while managing international logistics. Venus in Libra maintains smooth professional balance.
American billionaire wanted to die broke. So he secretly donated his entire wealth of $8 billion and officially died broke in 2023
Chuck Feeney built a multibillion-dollar fortune through the duty-free shopping business, but he had a very different plan for his wealth. Instead of preserving his fortune for his family or waiting until after his death to donate it, he spent decades quietly giving billions to education, healthcare, human rights and peace efforts around the world. He eventually gave away more than $8 billion, lived in a rented apartment and kept his personal lifestyle modest.
Forrest Gump actor Tom Hanks’ philanthropy beyond Hollywood: How his veterans coffee brand, Women’s Cancer Research Fund work and other charitable efforts are helping people in need
Tom Hanks is known for his decades-long Hollywood career, but his philanthropy has also focused on causes far beyond the movie industry. From launching a coffee brand that directs net profits toward veterans and military families to supporting education, the arts, humanitarian efforts and cancer research, here’s a closer look at Tom Hanks’ charitable work and the causes connected to his name.
Five pivotal figures shaping the battle for $185 billion Tata Group
A widening power struggle at Tata Group has brought several lesser-known figures into focus, from TVS veteran Venu Srinivasan and SP Group’s Shapoor Mistry to Maharashtra Charity Commissioner Amogh Kaloti. Their roles could prove decisive as the battle over N Chandrasekaran’s tenure, Tata Sons’ possible listing and the influence of Tata Trusts moves beyond the boardroom.
Protecting Tata legacy need of the hour: Sharad Pawar
Sharad Pawar urged protecting the Tata Group's charitable ownership and institutional role. He emphasised the group's deep Maharashtra connection and its societal contributions. Pawar stated leadership issues should be resolved through dialogue and due process. He highlighted the importance of respecting Tata Trusts' governance rights. The former Union minister stressed preserving the group's trust-based legacy for India's development.
Tata Sons sets ball rolling for listing after RBI diktat; February 2027 emerges as approximate internal target
Tata Sons has started preparing for a potential stock market listing after the RBI directed it to comply with regulations for upper-layer NBFCs, with February 2027 emerging as an internal working target, people familiar with the matter said.
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