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NMC COLLAPSE
B.R. Shetty: How Indian entrepreneur went from Padma Shri honouree to losing his $10 billion healthcare empireB.R. Shetty built a vast healthcare and finance empire from scratch in the UAE. His ventures, including NMC Health and UAE Exchange, achiev...- How a Dubai doctor on tea break comes to the rescue of a man suffering heart attack after collapsing near metro stationIn Dubai, Dr. Niraj Gupta, an interventional cardiologist, saved Shervin Sasidharan's life after he collapsed near a metro station due to c...
- Tesla short sellers strike gold with $16.2 billion payout amid stock crash as BYD hits record high with world’s fastest EV recharging techTesla's shares have plummeted, losing over $700 billion in market cap, while short sellers gained $16.2 billion. Meanwhile, Chinese EV make...
- China has broken the ‘Critical Minerals’ marketFrom their most recent peak in 2022-2023, prices of cobalt and lithium have plunged more than 75% after Chinese miners boosted production t...
- Sevenhills Hospital RP seeks repossession of hospital from civic bodyAbhilash Lal, the EY-backed resolution professional of the hospital chain, has written to the Municipal Corporation of Greater Mumbai (MCGM...
- UK seeks to rein in Big Four with new, revamped audit rulesThe widely awaited overhaul comes after lawmakers and practitioners promised to improve audit quality following a series of high-profile mi...
- EY accused of actively concealing NMC Health audit fraud from investorsThe hospital operator’s founder, Bavaguthu Raghuram Shetty, said the accounting giant enjoyed a “deep and cozy” relationship with executive...
- Short sellers got crushed in 2020 as Tesla, Moderna soaredA monthly index of short-selling hedge funds is down 32% this year through October, according to data provider Hedge Fund Research.
- BR Shetty seeks probe by CBI, ED into $6 billion ‘fraud’ in his companiesThe founder of hospital chain NMC Healthcare and UAE Exchange has sent a written complaint to the Central Bureau of Investigation and Enfor...
- BR Shetty: What's in a name? Banks count cost of loans in NMC collapseBR Shetty's NMC imploded this year on allegations of fraud & disclosure of more than $4 bn in hidden debts.
- How Muddy Waters is hammering Indian billionaire’s NMC HealthNMC’s margins are “too good to be true” relative to peers, said Muddy Waters.
- European shares gain on optimism over US-China trade rowBritish software group Sage lost 6.6 percent, after a rating downgrade of its stock by Deutsche Bank, two traders said.
- Medical education is in desperate need of transformation, NMC Bill can bring it aboutParliament has a historic opportunity to not only save medical education from “total collapse” but also bring about a renaissance in the fi...
- Typhoon Chan-Hom weakens after striking Chinese coastIn Zhejiang province, which bore the brunt of typhoon's force, more than 710,000 people were affected and 81,460 hectares of farmland damag...
- Nine killed in heavy rains in southwest ChinaAt least nine people were killed and 11 others went missing after heavy rains lashed southwest China for the last two days.
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