It claimed doctors were being paid 'for referring medical tests'.
A potential risk to the rupee's appreciation trajectory lies in the event of a delay in the Federal Reserve's rate cut cycle, particularly if core inflation in the US remains elevated.
The Supreme Court has junked a plea filed by Lieutenant Colonel Prasad Shrikant Purohit seeking discharge in the 2008 Malegaon blast case.
This amount will include Rs 13,100 crore that Economic Affairs Secretary Subhash Garg has been publicly seeking from the central bank's contingency reserve fund since 2017-18 (FY18).
China's Vivo said on Thursday it will export more than one million 'Made in India' smartphones in 2023 to achieve a target announced last year when it sent out its first indigenous shipment to Thailand and Saudi Arabia. Vivo India, known for its economical phones, has proposed investing Rs 7,500 crore in the country and it is set to spend Rs 3,500 crore of that amount by end of this year. According to the firm's India Impact Report 2022, it will start production at a new 'state of the art' manufacturing facility by early 2024 after regulatory clearance.
Qatar Investment Authority (QIA) will acquire around 1 per cent stake in Reliance Retail Ventures Ltd (RRVL), the retail arm of billionaire Mukesh Ambani-led Reliance Industries, by investing Rs 8,278 crore ($1 billion). A QIA's wholly-owned subsidiary will make the investment in India's largest retailer at a valuation of Rs 8.278 lakh crore ($100 billion). Updating about the development, Reliance Industries in a regulatory filing said: "QIA's investment will translate into a minority equity stake of 0.99 per cent in RRVL on a fully-diluted basis." RRVL is the holding company for all retail businesses of Reliance Industries Ltd (RIL).
Adani Enterprises, the flagship firm of billionaire Gautam Adani's group, has bought a close to 30 per cent stake in Start Enterprises Pvt Ltd, which owns the online train ticket booking platform Trainman. Adani Enterprises last month announced that it has signed a pact to acquire 100 per cent of SEPL In a stock exchange filing on Saturday, Adani Enterprises said Adani Digital Labs Pvt Ltd, a wholly-owned subsidiary of the company, has bought a 29.81 per cent stake in SEPL for Rs 3.56 crore.
Elevator News Network (ENN), in association with Helius Inc (Canada), is looking at a turnover of Rs 100 crore in India on the back of growth in out-of-home media, real estate and shopping malls in the country.
Thousands of farmers from around 100 villages of Noida and Greater Noida on Thursday took to the streets seeking hiked compensation, bringing traffic to a standstill in several parts of Delhi-NCR as they made an unsuccessful bid to march towards Parliament.
When billionaire Warren Buffet started his first fund in 1956 with eleven investors, he invested a token amount of $100 of his own money as "skin in the game". Buffet denies it but he is credited with coming up with the term describing those running a fund risk some of their own money in it. The mutual fund (MF) industry has more than Rs 81,200 crore riding on its schemes, shows a Business Standard analysis of data on sponsor and associate contributions from the Association of Mutual Funds in India (Amfi).
According to market experts, the buyers are expected to shell out in the "range of 500 to 600 crore INR" per team in the closed-bid auction for the women's IPL.
Public-sector banks (PSBs) in Q3FY23 wrote off bad loans worth Rs 29,000 crore, up from Rs 23,000 crore in the same quarter a year ago, as part of a clean-up exercise. According to estimates by rating agency CARE Ratings, the write-offs by PSBs in April-December 2022, at Rs 81,000 crore, were lower than the Rs 90,000 crore in April-December 2021. Sanjay Agarwal, senior director, CARE Ratings, said a lot of it was driven by regulations, and assets that had 100 per cent provision coverage were written off.
Indian Oil Corporation said it is losing Rs 90-100 crore per day on fuel sales as the government has not allowed the company to raise retail prices in line with international rates.
The amount is from a total of Rs 19,000 crore (Rs 190 billion) granted by the Railway ministry to Southern Railway for various works like gauge conversion and construction of railway stations.
Two days after assuming the charge of the companies demerged from the Reliance conglomerate, Anil Dhirubhai Ambani Friday announced his first project -- Dhirubhai Ambani Institute of Information Technology.
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Drug trafficking has been on the rise in the capital and the Directorate of Revenue Intelligence and Narcotics Control Bureau have seized over 120 kg high quality heroin in the last two months itself.
Saint Gobain Glass India will invest Rs 100 crore (Rs 1 billion) by October for launching new glass solutions for the automotive sector.
United Breweries Ltd plans to invest about Rs 100 crore (Rs 1 billion) in establishing new Greenfield brewery plants in Orissa, Rajasthan and Uttar Pradesh, as well as expanding the ones.
While most of the amount has been spent on hunger, poverty, healthcare and education, the least was spent on sports, armed forces veterans and technology incubators.
Prasar Bharti has already swiped that amount as advertising revenue for 31 days' telecast of India's Test matches with Australia and South Africa and an ODI with Pakistan.
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A lower court judge arrested in a case related to cash-for-bail scam involving former Karnataka minister Gali Janardhana Reddy, has allegedly said that Reddy's relatives were ready to offer as much as Rs 100 crore to secure bail for him.
Shiv Sena (Uddhav Balasaheb Thackeray) leader Sanjay Raut on Sunday claimed a 'deal of Rs 2,000 crore' has taken place so far to 'purchase' the Shiv Sena party name and its 'bow and arrow' symbol.
Bharat Petroleum Company Ltd has entered into a swap transaction worth Rs 100 crore (Rs 1 billion), making it the first interest rate derivative deal among the public sector entities in India.
The Bharatiya Janata Party dubbed the arrest as scripted and claimed he was in the safe custody of West Bengal Police.
Prime Minister Manmohan Singh on Tuesday said the country needs creativity and innovation to address the problems of poverty, health and environment.
Cumulatively, the total investors' wealth has got eroded by about Rs 2,82,000 crore so far this year.
The 10,000-square feet top-floor apartment is being sold by Raheja Developers.
The state has suffered losses of Rs 4,000 crore and the figure is likely to go up as estimates continue to pour in, he said.
Two aborted missions, three different ministers, multiple rule changes and two decades later, Indian taxpayers will no longer have to pay Rs 20 crore per day to keep the loss-making Air India flying. While opposition Congress expectedly attacked the decision as selling the family silver, DIPAM secretary Tuhin Kanta Pandey said what Tata is getting is not a cash cow but an airline which is bleeding where money needs to be pumped in to refurbish obsolete aircraft and dust up strangled ones while being unable to touch any employee for one year and only be able to resize staff after paying a VRS. "It won't be a very easy task there. Only advantage is they (new Air India owner) are paying the price which they think they can manage. "They are not taking the excessive debt accumulated to fund years of losses. We are continuing it as an ongoing concern.... This process has also saved huge amount of taxpayers money going forward," Pandey told PTI.
The Calcutta high court on Tuesday allowed Leader of Opposition in West Bengal Assembly Suvendu Adhikari to visit the restive Sandeshkhali village, while observing that it is surprising that the main accused Shajahan Sheikh has not been arrested by the state police so far.
Goldman Sachs, a global investment banking and securities firm, has invested Rs 100 crore for a significant minority stake to support TVS Logistics growth plans, which include expansion, increasing its investment in joint ventures and for acquisition opportunities.
The cover, touted as one of the highest taken by an individual, is in two parts: a fire insurance policy of Rs 75 crore (Rs 750 million) and an additional cover of Rs 25 crore (Rs 250 million) for items within the house.
Finance Minister Nirmala Sitharaman on Monday presented the Budget for 2021-22 in the Lok Sabha that is expected to provide relief to the pandemic-hit common man as well as focus more on driving economic recovery through higher spending on healthcare, infrastructure and defence amid rising tensions with neighbours, As India emerges from the COVID-19 crisis, the ninth Budget under the Modi government, including an interim one, is widely expected to focus on boosting spending on job creation and rural development, generous allocations for development schemes, putting more money in the hands of the average taxpayer and easing rules to attract foreign investments.
External Affairs Minister Pranab Mukherjee is undertaking day-long visit to Bangladesh on Saturday to express solidarity with the people of the neighbouring country where heavy loss of life and widespread destruction was caused due to cyclone more than a week ago.
