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Business Frauds Day 90: Ritesh Agarwal — OYO’s ₹13,000 Crore Loan to Buy Back Shares at Peak Valuation

Day 90: Ritesh Agarwal — OYO’s ₹13,000 Crore Loan to Buy Back Shares at Peak Valuation THE NUMBER In 2023, Oravel Stays Private Limited—OYO’s parent company—secured a ₹13,000 crore…

Business_Frauds · 2026-05-21 09:11:57

Business Frauds Day 89: Rahul Yadav — Housing.com, fired by his own board, the WhatsApp message that ended his tenure

Day 89: Rahul Yadav — Housing.com, fired by his own board, the WhatsApp message that ended his tenure THE NUMBER ₹1,360 crore. That’s the amount SoftBank Vision Fund wrote off in 2…

Business_Frauds · 2026-05-21 09:11:57

Business Frauds Day 88: Mojocare — The ₹1,200 Crore Wellness Scam That Vanished Into Thin Air

Day 88: Mojocare — The ₹1,200 Crore Wellness Scam That Vanished Into Thin Air THE NUMBER In June 2023, the Enforcement Directorate (ED) froze ₹1,200 crore in assets linked to Mojoc…

Business_Frauds · 2026-05-21 09:11:56

Business Frauds Day 87: Trell — The Influencer Platform That Inflated Its Way to a ₹1,000 Crore Fraud

Day 87: Trell — The Influencer Platform That Inflated Its Way to a ₹1,000 Crore Fraud THE NUMBER In 2022, auditors discovered that Trell, a Bengaluru-based influencer commerce plat…

Business_Frauds · 2026-05-21 09:11:56

Business Frauds Day 86: GoMechanic — The Startup That Drove on Fake Numbers

Day 86: GoMechanic — The Startup That Drove on Fake Numbers THE NUMBER In January 2023, Sequoia Capital and Tiger Global discovered that GoMechanic, a Delhi-based car repair startu…

Business_Frauds · 2026-05-21 09:11:56

Business Frauds Day 85: Zilingo — The $40 Million Vanishing Act

Day 85: Zilingo — The $40 Million Vanishing Act THE NUMBER In March 2022, Sequoia Capital, Zilingo’s largest investor, wrote off its entire $225 million stake in the Singapore-base…

Business_Frauds · 2026-05-21 09:11:56

Business Frauds Day 84: Byju’s Missing ₹9,000 Crore — Sent to US Fund, Then Claimed It Wasn’t There

Day 84: Byju’s Missing ₹9,000 Crore — Sent to US Fund, Then Claimed It Wasn’t There THE NUMBER In March 2024, Byju’s admitted in a US bankruptcy court that ₹9,000 crore ($1.1 billi…

Business_Frauds · 2026-05-21 09:11:56

Business Frauds Day 83: Byju’s — The ₹9,000 Crore Loan Default That Unraveled India’s Most Valuable Startup

Day 83: Byju’s — The ₹9,000 Crore Loan Default That Unraveled India’s Most Valuable Startup THE NUMBER In June 2023, the Enforcement Directorate (ED) revealed that Byju’s, once val…

Business_Frauds · 2026-05-21 09:11:56

Business Frauds DAY 82: ASHNEER GROVER — THE ₹100 CRORE VENDOR FRAUD THAT OUSTED A UNICORN KING

DAY 82: ASHNEER GROVER — THE ₹100 CRORE VENDOR FRAUD THAT OUSTED A UNICORN KING THE NUMBER In January 2022, BharatPe’s internal audit uncovered ₹100.6 crore in "fake vendor payment…

Business_Frauds · 2026-05-21 09:11:56

Business Frauds Day 81: BharatPe — The ₹81 Crore Audio Tape Scandal

Day 81: BharatPe — The ₹81 Crore Audio Tape Scandal THE NUMBER In January 2022, BharatPe’s internal audit revealed that ₹81.28 crore had allegedly been misappropriated by its co-fo…

Business_Frauds · 2026-05-21 09:11:56

Business Frauds Day 80: ITC — VST Industries, Cigarette Lobbying Against Health Regulation

Day 80: ITC — VST Industries, Cigarette Lobbying Against Health Regulation THE NUMBER In 2017, the Ministry of Health and Family Welfare revealed that the tobacco industry, led by …

Business_Frauds · 2026-05-21 09:11:56

Business Frauds DAY 79: THE OBEROI FAMILY — LAND ACQUISITION CONTROVERSIES ACROSS HOTEL PROPERTIES

DAY 79: THE OBEROI FAMILY — LAND ACQUISITION CONTROVERSIES ACROSS HOTEL PROPERTIES THE NUMBER In 2018, the Maharashtra government’s Anti-Corruption Bureau (ACB) estimated that the …

Business_Frauds · 2026-05-21 09:11:56

Business Frauds Day 78: Bajaj vs Government — The Industrialist Who Dared to Speak

Day 78: Bajaj vs Government — The Industrialist Who Dared to Speak THE NUMBER In 1996, the Ministry of Finance’s internal audit revealed that Bajaj Auto had underpaid excise duty b…

Business_Frauds · 2026-05-21 09:11:56

Business Frauds DAY 77: MODI GROUP — GUJARMAL MODI’S DESCENDANTS, CORPORATE COLLAPSES AND RECOVERIES

DAY 77: MODI GROUP — GUJARMAL MODI’S DESCENDANTS, CORPORATE COLLAPSES AND RECOVERIES THE NUMBER ₹4,300 crore. That’s the amount the Modi Group’s flagship company, Modi Rubber Ltd.,…

Business_Frauds · 2026-05-21 09:11:56

Business Frauds Day 76: S L Kirloskar — The Dark Side of a Celebrated Industrial House

Day 76: S L Kirloskar — The Dark Side of a Celebrated Industrial House THE NUMBER In 1998, the Kirloskar Group’s flagship company, Kirloskar Oil Engines Ltd (KOEL), was found to ha…

Business_Frauds · 2026-05-21 09:11:56

Business Frauds Day 75: Manohar Lal Scindia — Gwalior Rayon, the princely state turned corporate

Day 75: Manohar Lal Scindia — Gwalior Rayon, the princely state turned corporate THE NUMBER ₹1,267 crore. That’s the exact amount the State Bank of India (SBI) wrote off in 2001 as…

Business_Frauds · 2026-05-21 09:11:56

Business Frauds Day 74: Nusli Wadia — Bombay Dyeing, Pallonji, the Tata Fight, and the Illusion of Corporate Governance

Day 74: Nusli Wadia — Bombay Dyeing, Pallonji, the Tata Fight, and the Illusion of Corporate Governance THE NUMBER ₹1,200 crore. That’s the amount Bombay Dyeing, controlled by the …

Business_Frauds · 2026-05-21 09:11:55

Business Frauds Day 73: Haridas Mundhra — The Scandal That Shook Nehru’s India

Day 73: Haridas Mundhra — The Scandal That Shook Nehru’s India THE NUMBER In January 1958, the Life Insurance Corporation of India (LIC) discovered it had invested ₹1.24 crore—equi…

Business_Frauds · 2026-05-21 09:11:55

Business Frauds DAY 72: THE DALMIA FAMILY — BENGAL TIGER CEMENT AND THE ORIGINAL POST-PARTITION INDUSTRIAL SCANDAL

DAY 72: THE DALMIA FAMILY — BENGAL TIGER CEMENT AND THE ORIGINAL POST-PARTITION INDUSTRIAL SCANDAL THE NUMBER ₹1,090 crore. That’s the exact amount the Central Bureau of Investigat…

Business_Frauds · 2026-05-21 09:11:55

Business Frauds DAY 71: DHIRUBHAI AMBANI — THE MAN WHO BENT THE LICENSE RAJ TO HIS WILL

DAY 71: DHIRUBHAI AMBANI — THE MAN WHO BENT THE LICENSE RAJ TO HIS WILL THE NUMBER In 1982, the Reserve Bank of India (RBI) discovered that Reliance Industries had raised ₹250 cror…

Business_Frauds · 2026-05-21 09:11:55