The company said Valcambi was the engine driving the group's business, but Valcambi's audited accounts showed revenues that were only a fraction of what the group reported. That raised a major red flag.
The amazing story of how a little known cheese from Ladakh stunned the world!
India's first trillion-dollar company will be built on technology it owns, not just operates, predicts Ajay Kumar.
Dr Reddy's Laboratories has received approval from Health Canada to sell a generic version of the diabetes drug semaglutide, making it the first company to get market authorisation for a generic semaglutide injection in Canada and the first in a G7 country.
Tata Steel has expanded its partnership with Google Cloud to deploy a unified, enterprise-wide artificial intelligence (AI) strategy across its global value chain, resulting in significant operational improvements.
API Holdings, the parent company of online pharmacy PharmEasy, has significantly reduced its debt from 1,800 crore to 1,050 crore and refinanced it at lower interest rates under CEO Rahul Guha, shifting its focus from 'growth at any cost' to profitability and aiming for a debt-free balance sheet before a potential stock market listing.
Vietnamese automobile major VinFast is rapidly expanding its retail network in India, aiming for 75 dealerships across 60 cities by the end of 2026, while also building a comprehensive EV ecosystem.
"Policy sales will be one of the focus areas for the company because looking at the large insurance gap, large number of people being uncovered. The only right way to go is to increase the number of policies," said Amit Jhingran, MD & CEO, SBI Life Insurance.
The Indian commodity market has experienced significant growth over the past decade, allowing Indian traders to capitalise on price fluctuations in commodities such as gold, crude oil, and natural gas. Earlier, commodity trading required substantial capital as these contracts were only available in bulk quantities. But to make the commodity market more accessible, exchanges such as the Multi-Commodity Exchange (MCX) have launched smaller and more flexible commodities contracts, including mini and micro contracts. These changes in the commodity lot size have changed the way small traders trade in commodity markets.
With duties at 15%, GST at 3%, and making charges running as high as 20% -- the gap between a smart purchase and a careless one can easily be Rs 30,000 to Rs 50,000 on every Rs 1 lakh invested. And most of that gap is entirely avoidable. Ramalingam Kalirajan explains the math.
Delhi Police have dismantled a drug trafficking network in west Delhi, arresting four individuals, including two Nigerian nationals, and seizing MDMA valued at approximately Rs 1 crore.
A significant fraud involving the theft of gold ornaments and their replacement with fake jewellery has been discovered at a Canara Bank branch in Jalna district, Maharashtra. The alleged fraud amounts to Rs 7.31 crore.
'Many of the children I work with had never attended school before and had never been given the right environment or opportunity to learn.'
'When education became accessible -- through flexible learning spaces, creative methods and community-based classrooms -- these same children began to thrive.'
'Over time, many who had never stepped into a formal classroom not only entered the education system but continued their studies further, with some going on to university.'
Onestruction Inc and DataKaveri Systems have signed an MoU to establish a framework for strategic and technical collaboration in urban and built environment data exchange.
In part 3 of a Rediff series exploring new careers for aspiring professionals, Sanjay Salunkhe, founder of Jaro Education highlights how young professionals can adapt to the evolving AI-driven landscape in the creative industry.
The ongoing West Asia conflict is expected to severely impact the supply of affordable housing in India, as rising input costs further erode already thin developer margins. Fluctuations in crude oil and gas prices, coupled with higher freight costs, are driving up prices of essential construction materials like cement and steel, making new projects increasingly unviable for developers.
'Leadership is about understanding how a business works, how it is shaped, built, and expanded.'
'Infertility and reproductive health challenges, much like other chronic conditions, are rising globally.'
Wipro, India's fourth-largest IT services company, has secured an eight-year deal with Singapore-based Olam group, valued at over $1 billion, and will also acquire Olam's IT and digital services arm, Mindsprint, for $375 million, marking one of its largest contracts to date.
Indian IT services companies are set to significantly increase their acquisition spending to $6.5-7 billion this year, up from $5 billion last year, as they seek to boost revenue and capabilities in areas like Cloud, data, enterprise platforms, and AI amidst a challenging economic environment.
Residents of 31 villages in Delhi will soon receive ownership rights to their residential land within 'Lal Dora' limits, according to South Delhi BJP MP Ramvir Singh Bidhuri. Property cards will be issued to landowners, enabling them to secure bank loans.
The Supreme Court has ruled that borrowers are not entitled to a personal hearing before banks classify their loan accounts as "fraud" under RBI directions, clarifying that a written response to a show-cause notice and access to the forensic audit report (with redactions) are sufficient for natural justice.
'First-time applicants may witness longer approval times or higher rejection rates and requests for more documentation.'
A US national was allegedly sexually assaulted at a homestay in Kodagu, Karnataka, leading to the arrest of a staff member and the owner, who reportedly attempted to cover up the incident.
'The Supreme Court stated that once the delimitation plan is approved by Parliament and receives assent of the President, it cannot be undone. Nor can it be modified.'
Jio Financial Services and Munich-based Allianz Group have signed a binding agreement to establish a 50:50 joint venture for general and health insurance in India, building on an earlier reinsurance partnership.
Chief Justice of India Surya Kant cautioned against the uncritical adoption of AI in the judiciary, emphasising the need for human judgement and ethical considerations in judicial decision-making.
Delhi Police have dismantled three multi-state cyber fraud networks involved in online investment scams, fake trading applications, and KYC fraud, leading to the arrest of three key individuals.
The Indian trading and investment space has transformed exponentially in the last few years, and technology plays a pivotal part in how traders engage with the markets. In 2026, brokers are far more than order-execution platforms; they provide several value-added features to market participants to facilitate a data-driven and seamless trading experience.
Chief Justice of India Surya Kant has cautioned against the uncritical adoption of Artificial Intelligence in the judiciary, emphasising the need to balance technological advancements with human intellect and ethical considerations.
A new study reveals that AI chatbots often provide inaccurate and incomplete medical information, raising concerns about their use in healthcare communication.
Homegrown e-commerce giant Flipkart is experiencing a significant trend of senior leaders rejoining the company, driven by its people-first culture, opportunities for growth with ownership, and the chance to solve problems at an India scale.
Despite initial pressure from the West Asia conflict, analysts are optimistic about the Indian hospital sector's outlook, citing strong demand drivers and ongoing expansion plans that are expected to fuel significant revenue growth over the next few years.
Lenders are actively monitoring gold price volatility, prompting them to ask borrowers for additional gold collateral or partial principal repayment when loan-to-value (LTV) thresholds are breached, particularly for loans disbursed in February.
'Now when I see the forest, I don't just see trees -- I see a home that we must protect.'
'More than becoming a unicorn, what truly satisfies us is seeing small businesses grow from Rs 10,000 a month to Rs 20 lakh after joining our platform.'
A Deloitte report reveals that Indian enterprises are leading the world in large-scale AI adoption, but are facing a significant skills gap in AI expertise.
A former Metropolitan Police officer of Indian origin has pleaded guilty to his involvement in a 'crash for cash' scam in the UK, involving fraudulent personal injury claims after staged vehicle collisions.
Infosys and Intel have announced an expanded strategic collaboration to help global enterprises transition from AI pilots to full-scale production, integrating Infosys Topaz Fabric with Intel's high-performance compute platforms.
Prime Minister Narendra Modi on Tuesday announced the signing of the India-EU Free Trade Agreement (FTA), saying it accounts for 25 per cent of global GDP and one-third of global trade.
