According to the US Securities and Exchange Commission, Ramesh "Sunny" Balwani and the founder Elizabeth Holmes raised money by deceiving investors about the company's technology, business and financial performance, raising more than USD 700 million in years-long "massive fraud".
Out of the two world records held by track superstar Usain Bolt, his 100m dash timing of 9.58 seconds stands more likely to be broken than the 200m mark of 19.19secs, his fellow Jamaican sprinter Asafa Powell said on Friday.
'A progressive judgment could have moved India forward, given hope to millions of young homosexual men and women, by telling them that there is nothing wrong with them, their feelings and emotions are fine, that it is natural and alright for them to be attracted to people of their own gender and to express love as they wish to. 'But instead, the Wednesday ruling does not protect the rights of a large minority. And that is indeed shameful and hugely disappointing,' writes Aseem Chhabra. 'Instead the Supreme Court judges did not step in to protect the rights of a large minority. And that is indeed shameful and hugely disappointing,' writes Aseem Chhabra.
The BJP, which has emerged as the main opposition party in West Bengal after winning 77 seats in the assembly polls last year, failed to win even a single civic body.
India ended their campaign at the 17th Asian Junior Championships in style as they finished third by winning 17 overall medals, including 7 gold, 4 silver and 6 bronze at Ho Chi Minh City in Vietnam on Monday.
A US Securities and Exchange Commission team is in India to probe the multi-crore rupee accounting fraud at NYSE-listed Satyam Computer and is taking the help of local agencies to this end.
The thinking at the Centre is that since the RBI has ramped up purchases of government bonds, the interest earned on them will be transferred to the exchequer as dividend.
The unexpected interest rate hike by the RBI on Wednesday will have the banking system on average making a 10-15 bps gains on the yields, with private banks making larger gains as 57 per cent of their loans are linked to external benchmark rate and 40 per cent to the marginal cost of lending rates, as per a report. Stating that lenders and borrowers will face volatile times with the Reserve Bank raising the repo rate by 40 bps to 4.40 per cent and the cash reserve ratio (CRR) by 50 bps on May 4 in an off-cycle policy move, India Ratings said the market rates had already been moving higher before the move. The 364-day T-bills have moved up 120 bps and 10-year G-sec by 140 bps since May 2020, when the repo rate was cut to a record 4 per cent, which led to an expectation of a faster and sharper rise in interest rates in the system but the central bank stayed the course to support the fragile economy battered by the pandemic.
The government of India has programmed to raise Rs 241,000 crore, but due to scaling up of issuance size of securities, will end up raising Rs 259,000 crore in April-September 2009.
Biological E has received approval for conducting phase II/III human clinical trial of COVID-19 vaccine candidate Corbevax on children above five years and adolescents, the Department of Biotechnology (DBT) said on Friday.
Foreign Secretary Harsh Vardhan Shringla has met top Biden administration officials, including Secretary of State Antony Blinken and Deputy Secretary Wendy Sherman, and held substantive discussions with them on the strategic bilateral ties and regional and global issues like the current situation in Afghanistan after the Taliban seized Kabul.
The uncertainty created by the jump in COVID-19 infections and localised lockdowns prompted RBI Governor Shaktikanta Das and other members of the rating setting panel MPC to unanimously vote for status quo in interest rates and an accommodative policy stance to support growth, as per minutes of the meeting released on Thursday. "The need of the hour is to effectively secure the economic recovery underway so that it becomes broad-based and durable," the Governor said during the three-day meeting of the Monetary Policy Committee (MPC) which ended on April 7. The renewed jump in COVID-19 infections in several parts of the country and the associated localised and regional lockdowns add uncertainty to the growth outlook, he observed, as per the minutes of the meeting released by the central bank.
Indian sprinter Dutee Chand set a new national record while winning the 60m dash heats at the 7th Asian Indoor Athletics Championships in Doha on Friday.
The RBI's financial stability report has on Wednesday highlighted the disconnect between the real economy and equity market yet again. The central bank observed that Indian equities were trading at rich valuations, with several metrics such as price to earnings multiples, price to book ratio, market cap to GDP and the cyclically adjusted P/E ratio, or Shiller P/E, at above historical averages. For instance, as on December 13, the one-year forward P/E ratio for India was 35.1 per cent, above its 10-year average, and one of the highest in the world.
The GMC poll was being seen as a litmus test for the BJP in the backdrop of its sudden and surprising decision to change the state's chief minister and the entire cabinet recently, ahead of the state Assembly polls due next year.
In a series of tweets after the Drugs Controller General of India (DCGI) approved Oxford's vaccine Covishield and Bharat Biotech's Covaxin for restricted emergency use, Modi said it will make every Indian proud that both the vaccines are made in India.
The proposed move would help in cutting down compliance costs and reducing the friction between rules enacted by capital markets watchdog Sebi, depositories and government, experts said.
'Then select those that are well-aligned with your risk-return profile and investment time horizon.'
Tintu Luka came up with a below par performance but that was enough for her to finish third in women's 800m race in the Primo Nebiolo Memorial Meeting at Turin, Italy.
Former Asian champion Renjith Maheswary nabbed his maiden National Games gold with a new meet record in triple jump as previous marks continued to tumble like nine pins in the athletics arena on the penultimate day of competitions in the 35th edition in Thiruvananthapuram.
Defending champion Seema Punia settled for a bronze in the women's discus throw event in the Asian Games in Jakarta on Thursday.
Prabhat K Goyal, CFO, Network Associates, faces criminal charges for an accounting scam that duped investors by inflating the company's sales figures.
The BJP has won just eight out of the 40 zila panchayat seats in Ayodhya, a disappointment for the ruling party in the district on which the Centre and the state government have lavished much attention.
His son and ace golfer Jeev Milkha Singh lit the funeral pyre.
The panel also recommended giving approval to Bharat Biotech for carrying out a study on interchangeability of its Covaxin and the under-trial adenoviral intranasal vaccine candidate BBV154, but asked the Hyderabad-based firm to remove the word "interchangeability" from the study title and submit a revised protocol for approval.
This is Blinken's first visit to India after assuming charge as the US Secretary of State and the third by a high-ranking Biden administration official after it came to power in January.
US SEC order says that Cadbury India paid an agent a total of USD 90,666 (Rs 61.70 lakh) for "providing consultation, arrange statutory/government prescribed formats of applications to be filed for various statutory clearances, documentation, preparation of files and the submission of the same with government authorities," for specific licences.
In a blow to the Gujarat government, the high court on Wednesday quashed an ordinance issued by it to pave way to delay local bodies polls.
Divya Rolla explains how these asanas will help you improve your overall health.
A top Sebi official on Friday criticised the RBI's "conflicting" roles as a regulator of the government securities market and as a market participant, suggesting that Sebi was better suited for the regulatory function.
Nestle India was the top laggard in the Sensex pack, shedding around 2 per cent, followed by SBI, HDFC Bank, Axis Bank, ICICI Bank, Reliance Industries, HUL and Dr Reddy's. NSE Nifty slipped 20.10 points to 15,670.25.
Tehreek-e-Taliban militants, who launched a major assault on Pakistan's largest airport in Karachi, were carrying XStat devices, which can heal gunshot wounds within seconds and were aiming for a long siege of the facility, a security official said on Monday.
Jitu Rai struck gold twice with his pistol while Kerala's swimming sensation Sajan Prakash continued to shatter records and accumulate gold medals, adding a fifth to his tally, on the fifth day of competitions in the 35th National Games in Thiruvananthapuram on Thursday.
WATCH! All the action in Rajya Sabha
Anil Rego, CEO, Right Horizons, answers your personal income tax queries
The Madras High Court on Thursday stayed the operation of certain sub-clauses of the recently introduced Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021.
Promising sprinter Dutee Chand bagged her second gold medal, winning the women's 200 metres, in a clean sweep of medals by Indians at the Taiwan Open Athletics Championships, Taoyuan City, Taiwan, on Friday.
Armed with necessary macro and micro growth drivers, India is on its way to becoming the fastest growing major economy in the world, a finance ministry report said. Rapid vaccination and teeming festivities will push India's ongoing recovery resulting in narrowing of demand-supply mismatches and greater employment opportunities, as per the monthly Economic Review prepared by the ministry.
