Dave Ramsey-affiliated personal finance personality George Kamel is urging consumers enrolled in debt relief programs to exit those arrangements immediately. Kamel's warning targets clients of debt settlement and debt relief companies, which negotiate reduced payoffs with creditors on behalf of borrowers who have stopped making payments. The advice reflects longstanding criticism that these programs damage credit scores, expose clients to creditor lawsuits during the negotiation period, and generate substantial fees that erode any savings on forgiven balances. Debt relief firms typically charge 15% to 25% of enrolled debt as fees, and the IRS generally treats forgiven debt above $600 as taxable income, creating a secondary liability many clients do not anticipate. Kamel's position aligns with the broader Dave Ramsey organization's advocacy for direct debt payoff strategies over third-party negotiation. Consumers currently enrolled should assess outstanding fee obligations, the status of any creditor legal actions, and the tax exposure on settled balances before making any transition decision.
Flipkart will launch a food delivery pilot in Bengaluru by mid-August, charging restaurants a 10-11% commission compared to the 25-35% levied by Swiggy and Zomato. The move targets growing restaurant discontent with incumbent platforms and aims to drive daily engagement across Flipkart's 500 million registered users.
Maruti Suzuki crossed two lakh domestic units in July 2026 for the first time, recording 42.4% year-on-year growth. Total sales including exports and OEM supplies reached 2,41,421 units, with all passenger vehicle segments posting gains.
Air India's net loss more than doubled to ₹22,238 crore in FY26, prompting Tata Sons chairman N Chandrasekaran to extend the Vihaan.AI turnaround timeline from five years to as long as a decade.
UpGrad's all-stock acquisition of Unacademy, valued at Rs 1,955 crore, is set to close within three weeks after CCI clearance and near-complete investor sign-offs. The deal combines upGrad's upskilling business with Unacademy's test prep and medical education platforms, with Gaurav Munjal staying on as CEO.
