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EY faces £2 billion lawsuit over NMC Health bankruptcy

AUDITOR EY is facing a $2.5 billion (£2 bn) lawsuit in London over alleged negligence in its audits of bankrupt UAE hospital firm NMC...

Indian diamantaire Choksi pledged ‘fake diamonds to get loan’

  INDIA’S federal investigation agency has filed a fresh case against absconding diamantaire Mehul Choksi for allegedly defrauding a financial institution. Choksi, who is also wanted...

Heatwave in India pushes power demand to record high

INDIA’S electricity demand touched a record high in April as its northern states reeled under the hottest pre-summer months in decades, with a surge...

Shell to buy Indian renewable energy platform Sprng

BRITISH multinational Shell signed an agreement with Actis Solenergi Limited to acquire the Indian renewable energy platform Sprng Energy for $1.55 billion (£1.23 bn). Shell...

Musk slammed for ‘targeting’ Vijaya Gadde

  BILLIONAIRE businessman Elon Musk’s criticism of Twitter’s top legal officer Vijaya Gadde has raised fears of “harassment” against the woman executive of the social...

IMF talks on loan progress

  THE International Monetary Fund said last Saturday (23) it held “fruitful technical discussions” with Sri Lanka on its loan request, while the World Bank...

Twitter CEO says he is ‘unsure about company’s future goals

  TWITTER’S India-born CEO Parag Agrawal has told its worried employees he doesn’t know “what direction this company will go in” once the social media...
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