 "Aviva’s India Unit Under Fire for Alleged Million Tax Evasion Scheme")
British insurer Aviva is under scrutiny in India for alleged tax evasion involving fake invoices and cash payments to sales agents. Reports indicate that between 2017 and 2023, Aviva’s India unit breached local commission regulations, which led to an estimated $5.2 million in unpaid taxes. The Indian tax agency claims that Aviva channeled about $26 ...
 "Monsoon Drama: India Faces Rain Surplus Amid Northeast Deficiency")
India experienced a significant increase in rainfall during August 2024, with the India Meteorological Department reporting levels about 16 percent above normal. The country received an average of 287.1 mm of rain, making it the second wettest August since 2001. However, several areas, particularly in the northeast, Kerala, and Vidarbha in Maharashtra, recorded below-normal rainfall ...
 "India Targets Ambitious 4.9% Fiscal Deficit, New Budget Brings Hope")
The Indian government has set a fiscal deficit target of 4.9% of GDP for the current budget, down from 5.6% in the previous year. Between April and July, the fiscal deficit reached 2.77 trillion rupees, accounting for 17.2% of the annual estimate. During this period, net tax collections were 7.15 trillion rupees, representing 27.7% of ...
 "Modi Unveils Fintech Revolution: Empowering Millions and Transforming Lives in India")
Prime Minister Narendra Modi highlighted the transformative impact of fintech on India during the Global FinTech Fest 2024 in Mumbai. He noted that fintech has made financial services more accessible, allowing individuals in both urban and rural areas to easily secure loans and investments. With over $31 billion in investments and significant growth in digital ...
 "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 ...
 "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 ...
India has made significant strides in global research, ranking among the top five countries in 45 out of 64 critical technologies in 2023, a substantial increase from 37 the previous year. The Critical Technology Tracker report reveals that India now holds the second position in key areas such as biological manufacturing and distributed ledger technology, ...
 "GE Power India Appoints Puneet Bhatla as New Managing Director")
GE Power India has announced the appointment of Puneet Bhatla as its new Managing Director, starting from September 1, 2024. Previously serving as the Executive in Business Operations services, Bhatla’s new role is pending member approval. As a result of this appointment, Bhatla will no longer be considered part of the “senior management” under listing ...
GE Power India has announced the appointment of Puneet Bhatla as its new Managing Director, starting from September 1, 2024. Previously serving as the Executive in Business Operations services, Bhatla’s new role is pending member approval. As a result of this appointment, Bhatla will no longer be considered part of the “senior management” under listing ...
 "Billionaire Gautam Adani and his family have topped the 2024 Hurun India Rich List, despite facing allegations from Hindenburg Research last year. Their wealth surged by 95% to Rs 11.61 trillion, dethroning Mukesh Ambani. Adani recorded the highest wealth growth among India’s top ten richest, with significant gains in sectors like ports and energy. The list also highlights Bollywood’s increasing wealth, with Shah Rukh Khan entering for the first time. Overall, India’s billionaires added Rs 28 trillion, representing over half of the nation’s GDP, as the country becomes Asia’s “wealth creation engine.”")
Adani has surpassed Ambani to become India’s richest person according to the latest Hurun list. In an exciting twist, Bollywood superstar Shah Rukh Khan has made his debut on the list. This marks a significant shift in India’s wealth landscape, highlighting the rapid rise of Adani and the enduring popularity of SRK. Read on to ...
