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Evergrande founder pleads guilty to fraud

April 15, 2026

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Financial Express Bengaluru

CHINA EVERGRANDE GROUP'S founder has pleaded guilty to a number of charges including fundraising fraud and bribery in a Chinese court, cementing the downfall of a property tycoon who was emblematic of the country’s real estate boom and bust.

Hui Ka Yan, who rose from humble origins to turn Evergrande into a real estate giant that was at one time the world’s most indebted developer, had been accused of a litany of crimes including illegally absorbing public de

المزيد من القصص من Financial Express Bengaluru

Financial Express Bengaluru

Ukraine strikes pile up oil woes

INDIA EMERGED AS a key buyer of Russian crude after the Kremlin’s invasion of Ukraine as western nations banned purchases of Moscow’s barrels.

time to read

1 min

April 15, 2026

Financial Express Bengaluru

US, Iran may get back to the table this week

NEGOTIATORS MAY RETURN TO PAKISTAN FOR TALKS DESPITE HORMUZ BLOCKADE

time to read

1 min

April 15, 2026

Financial Express Bengaluru

MSP bonuses push PDS costs out of control

A RECENT DIRECTIVE from the Department of Expenditure in the Union finance ministry to state governments, asking them to refrain from announcing a bonus over the minimum support price (MSP) for paddy and wheat came in the wake of rising central-pool grain stocks and fears that such policies could become an unmanageable fiscal cost, official sources told FE.

time to read

1 mins

April 15, 2026

Financial Express Bengaluru

Citi profit beats estimates as market volatility lifts trading revenue

CITIGROUP BEAT ESTIMATES for first-quarter profit on Tuesday, as geopolitical tensions fueled market volatility and boosted trading revenue, while strong dealmaking buoyed investment banking fees.

time to read

1 min

April 15, 2026

Financial Express Bengaluru

Evergrande founder pleads guilty to fraud

CHINA EVERGRANDE GROUP'S founder has pleaded guilty to a number of charges including fundraising fraud and bribery in a Chinese court, cementing the downfall of a property tycoon who was emblematic of the country’s real estate boom and bust.

time to read

1 min

April 15, 2026

Financial Express Bengaluru

Rani Kapur’s veto powers key to Sona BLW family dispute

RANI KAPUR, THE matriarch of the Kapur family behind Sona BLW Precision Forgings (Sona Comstar), continues to wield influence over the company’s promoter holding after the death of her son Sunjay Kapur in June last year due to veto powers, according to people familiar with the governing trust document.

time to read

3 mins

April 15, 2026

Financial Express Bengaluru

When banks think before you click

From fraud war rooms to AI-led alerts, lenders are shifting from reactive defence to predictive protection in a digital-first economy

time to read

4 mins

April 15, 2026

Financial Express Bengaluru

Italy suspends defence agreement with Israel

ITALY'S PRIME MINISTER Giorgia Meloni said on Tuesday her government had suspended a defence cooperation deal with Israel, reflecting frayed ties between previously close allies as the conflicts in the Middle East continue.

time to read

1 min

April 15, 2026

Financial Express Bengaluru

US, Iran may get back to table...

SINCE THE UNITED STATES and Israel began the war on February 28, Iran effectively shut the Strait of Hormuz to nearly all vessels except its own, saying passage would be permitted only under Iranian control and subject to a fee.

time to read

1 mins

April 15, 2026

Financial Express Bengaluru

Tata Sons’ CIC deregistration may be its only way

THE RESERVE BANK of India’s (RBI’s) latest draft guidelines tightening the regulatory framework for upper-layer NBFCs (NBFC-UL) have left the status of Tata Sons exactly where it was in September 2025 when the deadline for its listing lapsed.

time to read

2 mins

April 15, 2026

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