 "Aviva’s Dramatic Downfall: Unmasking a Million Commission Conspiracy in India")
The Indian tax agency has accused British insurer Aviva of violating local rules by using fake invoices and secret cash payments to pay sales agents beyond allowed commission limits. Over a span of six years, Aviva reportedly funneled around $26 million to non-performing vendors to disguise these excess payments. Investigators revealed that senior officials, including ...
 "Cognizant’s Chennai HQ Up for Sale Amid Controversial Pay Practices")
Cognizant, a major technology firm, has put its India headquarters in Chennai up for sale, potentially bringing in around Rs 800 crore. The property, which has served as its headquarters for over 20 years, spans 15 acres and includes a large office space along the IT Corridor. The company has enlisted JLL, a property advisory ...
 "India’s Wealth Titans: Gopichand Hinduja Leads Dramatic NRIs Surge in 2024")
The 2024 Hurun India Rich List highlights 102 Non-Resident Indians (NRIs), making up 79% of India’s self-made billionaires. Gopichand Hinduja and his family lead the list as the wealthiest NRIs, with a staggering net worth of Rs 192,700 crore, primarily through their London-based Hinduja Group. The list also features notable NRIs like LN Mittal, worth ...
 "RBI Proposes Same-Day Loans for Vendors: A Bold Step Toward Inclusion")
The Reserve Bank of India (RBI) is encouraging fintech companies to consider offering “same-day” loans specifically designed for street vendors and hawkers. These loans would allow borrowers to receive and repay funds within 24 hours, aiming to enhance financial inclusion for individuals at the lower end of the economic spectrum. However, sources indicate that interest ...
 "Farewell to a Hero: Air Marshal Denzil Keelor’s Legacy of Valor")
JP Nadda, the President of the Bharatiya Janata Party and Union Minister, expressed deep sorrow over the passing of Air Marshal Denzil Keelor, a celebrated war hero and former Indian Air Force officer. Nadda highlighted Keelor’s bravery during the Indo-Pakistani War of 1965 and his significant contribution as the founder of Special Olympics Bharat, which ...
 "Starliner Readies for Risky Undocking Amid Propulsion Glitches Before Return")
NASA has set September 6 as the date for the undocking of the uncrewed Boeing Starliner capsule. This decision follows a thorough review of the spacecraft’s recent performance. Last week, NASA announced that the astronauts who flew aboard the Starliner to the International Space Station in June will be returning to Earth on a SpaceX ...
 "HCLTech Soars: Brokerage Upgrades Target Amid Promising Growth Prospects!")
Nuvama, a domestic brokerage, has upgraded its target price for HCL Technologies (HCLTech) to Rs 2,020 per share, a 15.5% increase from the previous Rs 1,800. The upgrade reflects HCLTech’s robust growth potential and improved capital allocation strategy. Key drivers include significant growth in data, AI, and cloud services, with management predicting double-digit industry growth ...
 "Major Merger: Singapore Airlines Joins Forces with Air India to Soar")
Singapore Airlines has received approval from the Indian government for foreign direct investment related to the merger of its airline Vistara with Air India. This significant deal, announced in November 2022, will create one of the world’s largest airline groups, with Singapore Airlines acquiring a 25.1% stake in Air India. The merger is expected to ...
 "Elon Musk vs. Brazilian Justice: A Battle of Free Speech and Power")
Elon Musk is facing backlash in Brazil from Supreme Court Justice Alexandre de Moraes, who is leading efforts against fake news and hate speech. The judge has ordered the freezing of Starlink’s bank accounts in Brazil to enforce fines against X, the social media platform formerly known as Twitter. Musk, criticizing Moraes as a “criminal ...
 "Zoho Launches Payment Revolution: A Unified Solution for Businesses")
Zoho Corporation, a leading software-as-a-service company, has officially launched Zoho Payments, a new unified payment solution designed to help businesses accept online payments seamlessly. This announcement was made during the Global Fintech Fest in Mumbai, where the company also introduced business-to-business (B2B) payment capabilities using the Bharat Bill Payment System. The new payment solution aims ...
