HEALTHCARE FRAUD
Rs. 400 crore of ‘cash’ that existed only on paper: Not for the first time, nor will it be the last
When something is wrong inside a company, the people running it know first. The auditors may sense it next. A regulator might confirm it years later, in an order the public finally gets to read. The ordinary shareholder sits at the very end of that queue, usually learning the truth only after the share price has already delivered its verdict. The value of reading the accounts closely is simple: It is the one way to move a little higher up that queue, while there is still time to act.
US midterm elections 2026: Democrats sweep House and Senate, deal Trump major blow; vow investigations, cost-of-living relief
Democrats have swept both chambers of the US Congress in the 2026 midterm elections, dealing a major blow to Donald Trump and the Republican Party. The victory gives Democrats control over the legislative agenda, powers to investigate the administration and an opportunity to push affordability measures as Republicans face a leadership reckoning.
Congressman Subramanyam vows to end 'forever wars', fight tariffs, hold Trump admin accountable
Indian-American Congressman Suhas Subramanyam recently won re-election in Virginia's 10th Congressional District. He pledged to address concerns about rising costs, healthcare cuts, and federal workforce reductions. Subramanyam committed to ending "forever wars" and fighting unnecessary tariffs to lower costs. His victory reflects significant gains by Democrats in the recent midterm elections. Subramanyam aims to collaborate with the community to drive changes in Washington.
Who is winning Ohio governor race? Can Vivek Ramaswamy win the race amid past controversies and backlash over Amy Acton ad?
Who is winning the Ohio governor race? Republican Vivek Ramaswamy and Democrat Amy Acton are competing in the November 3 election to succeed Governor Mike DeWine. As votes are counted, the contest has also drawn attention over a controversial Ramaswamy campaign advertisement featuring Acton's estranged mother, Donna Arthur, who calls her daughter a liar and urges voters not to support her.
Should my OCI son continue his Indian health insurance policy or take a new one?
ET Wealth Reader's Query: My son recently became an Overseas Citizen of India (OCI). Earlier, he had insurance coverage in India. Should he continue that or take a new one in India?
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SaaS firm Capillary’s AI platform drives new customer wins, revenue grows 51%
Capillary’s aiRA (AI-powered Research Assistant) is an AI agent for enterprise brands that helps connect customer data across platforms and identifies opportunities to acquire, convert, retain and reactivate customers. It also executes campaigns through existing marketing tools, with human approval. It works with data from platforms such as Salesforce, Snowflake, Databricks, Google Ads and Meta, according to the investor presentation.
She sang “my husband sues Obama” at his rallies and sat through his impeachment trial. Then Ken Paxton’s wife filed for divorce
Angela Paxton announced her divorce from Ken Paxton, citing recent discoveries and biblical grounds for the separation. After years of support during his political career, she stated reconciliation was no longer viable. Ken Paxton acknowledged the decision and requested privacy for their family. Reports have surfaced regarding Ken Paxton's alleged relationship with Tracy Duhon, drawing renewed interest in their personal affairs.
Rs. 15 lakh crore of revenue, questioned by authorities – and the real worry was where the cash went
A company can report a loan, an advance, or an investment even after the cash has moved beyond its control. Sometimes the explanation is legitimate. Sometimes the money has been used for a purpose shareholders never approved. How does this happen?
India is addressing Wall Street’s favourite ‘elephant’ in the room to its own advantage
The Indian government has identified 762 potential applications of artificial intelligence across 62 ministries and departments, spanning farming, railway safety, tax compliance, public grievances, customs and healthcare. While some tools are already in use, others remain in pilot or development stages.
Mumbai man posed as doctor for nearly 30 years, Rs 188 crore transactions across 30 bank accounts under scanner
Dharmendrakumar Singh posed as a doctor for almost three decades and misappropriated Rs 188 crore. He allegedly diverted funds from various trusts and organizations to relatives and associates. Investigators scrutinized a tuberculosis screening project that had numerous unverified beneficiary records. During a July search, the police seized medical supplies and documents linked to his operations. The ongoing investigation focuses on the misuse of CSR funds and fraudulent healthcare initiatives.
Who is Tyler Shultz? The whistleblower who led to the toppling of Elizabeth Holmes’ $9 billion Theranos touted to become the ‘Apple of healthcare’
Tyler Shultz became a whistleblower exposing Theranos, which was founded by Elizabeth Holmes in 2003. Holmes claimed Theranos could revolutionize blood testing with minimal blood samples and secured significant investments. Following reports revealing inaccuracies in their technology, Shultz's concerns led to his resignation from the company. He later informed authorities which resulted in charges against Holmes and her partner Sunny Balwani.
Texas Voting: Democrats eye breakthrough as Republicans face voter anger
Texas Democrats are experiencing a rare opportunity to challenge Republican dominance in the upcoming midterm elections. Immigration policies and the economy are fueling voter discontent, particularly among Latino voters. James Talarico is engaging voters with his campaign focused on unity and populism against Ken Paxton. Meanwhile, Gina Hinojosa's campaign for governor has gained traction due to concerns over the cost of living.
Canada revives Express Entry job offer points; Indian workers in high-wage jobs could gain an edge
In a significant move, Canada is modifying its approach to ranking skilled immigrants applying for permanent residency, set to be implemented by November 2026. The revised system will favour candidates with Canadian work experience in high-paying sectors and valid job offers. This policy aims to draw in skilled workers capable of contributing positively to the economy.
IMF chief urges US and wealthy nations to rein in debt to ease global economic pressure
The International Monetary Fund emphasized the urgent need to address rising global debt impacting low-income countries. IMF Managing Director Kristalina Georgieva highlighted that economic growth alone cannot resolve the national debt crisis. Nations are facing difficult choices between supporting vulnerable populations and meeting debt obligations due to escalating interest rates. A new deal on debt repayment and refinancing options is necessary to provide fiscal space.
No magic fix: IMF chief warns growth cannot solve America's $40 trillion debt
The head of the International Monetary Fund highlights the urgent need to address global debt levels. Rising interest rates and inflation have created burdens on low-income countries, with many unable to finance their needs. The median developing country is paying significantly more in interest compared to developed nations, affecting government budgets. Job creation and investment initiatives are crucial for the upcoming workforce, especially as artificial intelligence advances.
Bank of Baroda shares drop 3% after NMC Healthcare founder BR Shetty files $15 bn lawsuit; lender issues clarification
Bank of Baroda shares fell over 3% to Rs 230.40 on Wednesday following reports that NMC Healthcare founder BR Shetty filed a $15 billion lawsuit against the lender in the Bombay High Court alleging fraud. Bank of Baroda clarified to exchanges that it has not yet been served.
Bank of Baroda to defend interests after UAE businessman Shetty files $15 bln suit
Bank of Baroda is contending with a $15 billion lawsuit filed by B.R. Shetty following NMC Health's collapse. Shetty alleges that bank officials facilitated fraudulent transactions and ignored anti-money laundering warnings. The bank is currently pursuing recovery proceedings against Shetty for significant outstanding dues. Bank of Baroda has stated that it has not been served with the lawsuit yet.
NMC Healthcare founder BR Shetty files $15 billion lawsuit against Bank of Baroda
The suit, filed in the Bombay High Court, seeks $5 billion in direct damages for alleged fraud and negligence, $5 billion in consequential damages and $5 billion in compensation for reputational harm arising from various actions taken by the bank, including a lookout circular issued against him.
US midterm elections: Who is Michele Tafoya? The four-time Emmy winner who covered 327 NFL games before entering politics and is contesting in Minnesota Senate race
Michele Tafoya, a former sportscaster, is running for the Senate in Minnesota with a focus on accountability. Her campaign emphasizes fiscal responsibility, government transparency, and family-oriented policies while criticizing corruption. Tafoya's financial disclosures reveal a wealth significantly higher than her opponent, Peggy Flanagan, raising potential voter concerns. Flanagan has highlighted her background, focusing on economic issues affecting everyday families.
Donald Trump Medicaid social security coverage: Check who are eligible after latest change may lead to millions dropped and what will be impact while availing private insurance
Donald Trump Medicaid social security coverage: Refugees, asylum seekers, victims of human trafficking and domestic violence are among those who have lost coverage. Green-card holders were not impacted.
US green card freeze: TCS, Infosys, Wipro, HCLTech had just 61 certified PERM cases in FY26
HCL America recorded 59 certified cases and TCS only two. Infosys and Wipro had no recorded cases in the period and neither did US-headquartered Cognizant.
India needs its own AI safety framework, not a copy of US pact: Industry experts
India should build its own artificial intelligence (AI) safety framework suited to its languages, scale, and application-led AI ecosystem rather than replicate a voluntary pact signed by US President Donald Trump and top technology firms last week, industry experts said.
'Proud to return your money to you': Trump sends personalized letter with $500 ACA 'refund' checks - Read Full Text
Eligible Americans are set to receive $500 refund checks from President Donald Trump linked to the Affordable Care Act. These refunds target individuals who purchased insurance through HealthCare.gov without receiving taxpayer subsidies. Over 950,000 recipients in 30 states are identified for these payments timed before the upcoming midterm elections. A personalized letter from Trump will also arrive along with the check.
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