Fortis Healthcare has stated that it has no involvement in the dispute between Daiichi Sankyo and the Singh Brothers. The Supreme Court has allowed a forensic audit, affirming that previous observations were tentative. Fortis emphasized there were no penalties or…
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The Supreme Court has cleared the way for a Delhi High Court-appointed forensic auditor to examine transactions involving Fortis Healthcare, Malaysia’s IHH Healthcare and entities linked to former promoters Malvinder and Shivinder Singh. The audit will trace assets linked to…
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The capital expenditure in India’s private sector is expected to go up to Rs 3.2 lakh crore in financial year 2026-27 from Rs 2.6 lakh crore in 2025-26 despite the global economic uncertainties, according to a report in the Reserve…
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The Reserve Bank of India’s (RBI) inflation mandate has likely reinforced the push to drain excess liquidity, with the odds of a rate hike at the October meeting on the rise, according to economists.
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Groups are restructuring NBFC and holding-company balance sheets to stay outside RBI’s regulatory definitions and avoid registration and compliance requirements, sources said. NBFCs are boosting non-financial income, while CICs are changing their asset mix.
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The Securities and Exchange Board of India’s (SEBI) proposed overhaul of settlement norms could help speed up the recovery of diverted funds and strengthen shareholder protection in cases involving financial misrepresentation and siphoning of money, according to SEBI officials and…
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