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NMC COLLAPSE
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...
30 Sep, 2024, 10.49 AM IST
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...
20 Mar, 2023, 07.09 PM IST
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...
01 Jun, 2022, 11.33 AM IST
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...
22 Jul, 2021, 03.05 PM IST
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.
10 Dec, 2020, 08.44 PM IST
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...
08 Oct, 2020, 07.16 AM IST
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.
13 Jul, 2020, 10.26 AM IST
How Muddy Waters is hammering Indian billionaire’s NMC HealthNMC’s margins are “too good to be true” relative to peers, said Muddy Waters.
27 Jan, 2020, 03.15 PM IST
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.
20 Aug, 2018, 02.51 PM IST
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...
10 Jan, 2018, 11.20 AM IST
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...
12 Jul, 2015, 11.24 AM IST
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.
12 Aug, 2014, 09.46 AM IST