Makers of popular paracetamol tablet Dolo-650 have distributed freebies worth about Rs 1,000 crore to doctors as consideration for prescribing the tablet, it has been alleged. Senior advocate Sanjay Parikh, representing an NGO Federation of Medical Sales Representatives Association of India, told the Supreme Court that the Central Board for Direct Taxes (CBDT) has made … Read more
Britain’s rate of inflation has surged to a new 40-year high as the Consumer Prices Index (CPI) rose to 10.1 per cent on Wednesday, with increasing food costs the biggest driver of the latest hike. According to the Office for National Statistics (ONS), annual inflation for essential food items is now running at 12.7 per … Read more
Rakesh Jhunjhunwala often spoke at length about wealth creation. Many enthusiasts, learners and experts wanted to learn more about stock market investing from Big Bull. So, they asked him many questions. However, there were times when he faced slightly-unusual questions. Jhunjhunwala was once asked how it felt to be rich in a poor country. In … Read more
Switchboard is a video meeting startup that lets teams collaborate on other software in real time. It went viral on Product Hunt and signed up over 1,200 teams in one week with no marketing budget. They’ve just raised a $25 million Series A led by Icon Ventures to take on Zoom and Microsoft Teams. Switchboard … Read more
President Joe Biden’s team has been wrestling for months with various ways to ease the costs of duties imposed on Chinese imports during predecessor Donald Trump’s tenure, as it tries to tamp down skyrocketing inflation. It has considered a combination of eliminating some tariffs, launching a new “Section 301” investigation into potential areas for additional … Read more
Investor Mark Cuban said buying metaverse land is “the dumbest shit ever.” Virtual real estate exploded in popularity last year, with companies like Sandbox selling property. But the metaverse is nowhere close to materializing, and interest in it appears to be waning. Something is loading. Billionaire investor Mark Cuban is out on digital land purchases. … Read more
Elon Musk offloaded $6.9 billion worth of stock in Tesla Inc. to accumulate cash ahead of a trial that could force the billionaire to follow through on an agreement to acquire Twitter Inc. Tesla’s chief executive officer sold about 7.92 million shares during the last three days of trading, according to regulatory filings. Musk, who … Read more
According to a regulatory filing, AU Small Finance Bank has raised about ₹2,000 crore from qualified institutional investors, falling short of its goal of up to ₹2,500 crore. Among those that participated in the qualified institutional placement (QIP) were DSP, the Singaporean government, Goldman Sachs, and ICICI Prudential Life. The bank reported that on Tuesday, … Read more
Ronnie Screwvala-led edtech unicorn upGrad said it has raised a funding of $210 million from marquee investors and Family Offices who join the company cap-table. This round has witnessed participation from ETS Global (world’s largest TOEFL & GRE Test Leader), Bodhi Tree (a JV of James Murdoch & Uday Shankar), Singapore’s Kaizen Management Advisors Pvt. … Read more