ROME (Reuters) -Italy will cut its budget deficit to 3% of national output this year, the government said on Thursday, below a previous target of 3.3% and inside the European Union’s 3% ceiling for the first time since 2019, before the COVID-19 pandemic.

The fiscal consolidation should allow Giorgia Meloni’s government to exit an EU infringement procedure for countries running excessive deficits by mid-2026, provided Brussels is convinced that Rome’s improved finances can be sustained in coming years.

The procedure restricts offending countries’ flexibility with regard to taxation and spending policies, as they must cut their fiscal deficit by a prescribed amount each year.

Rome’s 2026 budget framework approved at an evening cabinet meeting said the deficit would fall to 2.8% of gross domestic product (GDP) next year, confirming a previous target set in April.

“We are confirming the line of firm and prudent responsibility that takes into account the need to maintain public finance stability,” in compliance with European rules, Economy Minister Giancarlo Giorgetti said in a statement.

(Reporting by Giuseppe Fonte and Gavin Jones)

By Giuseppe Fonte and Gavin Jones

What defines a founder—resilience or revenge? Most entrepreneurs, after facing rejection from an investor, return to the drawing board, refine their pitch, and fight harder to raise funds. But a few, instead of rebuilding, choose to attack the very investors who turned them down.

This is the story of Sandeep Gudapati, Director of Eviris Health Services Pvt. Ltd., a decade-old health-tech startup with little to show for its existence. Once hailed as a promising founder, Sandeep today appears more like a frustrated entrepreneur—or worse, a self-styled whistleblower with questionable credibility.

A Startup Without Growth

Eviris Health was launched in 2015, but even after 10 years, industry trackers find no visible growth, no market impact, and no investor confidence. Our investigation into the company’s bank statements and credit history revealed a troubling picture: mounting debts and weak financial standing.

We have also made the credit History of Sandeep public, Download Now

We will soon make the bank statements Public after regulatory Approval

Please do decide, how an Investor may have entertained Sandeep

Employees too have reportedly faced delays in salary payments, while the company has changed its office address three times, raising further doubts about its stability.

A Shadowy Public Profile

Adding to the intrigue, Sandeep’s public presence is almost non-existent. Apart from a single display picture across his social media profiles, no verified photographs or appearances are available in the public domain.

On LinkedIn and Twitter, Sandeep’s activity revolves almost entirely around one subject—attacking Foxhog Ventures. Initially, his posts drew some engagement, but the response has since dwindled.

His frequent claim? That Foxhog operates without RBI or SEBI licenses. But experts call the accusation baseless: “Why would a foreign VC firm need Indian banking licenses when it doesn’t operate as a bank?”

The Hyderabad Connection – Enter Hitesh Bang

Our investigation soon unearthed another character—Hitesh Bang, a Hyderabad-based businessman who runs the restaurant Parampara.

• Hitesh filed an FIR against Foxhog, but the contents raised eyebrows—it merely stated that he “felt bad because Foxhog rejected his funding application.”
• Despite the flimsy nature of the complaint, Foxhog had to secure bail and has since moved the Hon. Court for quashing of the FIR.
• Sources allege Hitesh’s involvement in hawala transactions, with his restaurant serving as a suspected meeting ground for illicit financial settlements.

Credit History of Hitesh Bang is available for the Public: Download Now

Debt records show Hitesh, too, is under financial stress, with businesses largely dependent on loans.

The Legal Web

Court records further expose the troubled past of both men:

• Sandeep Gudapati faces six cases—three filed by Foxhog, one by Rohit Dewan, and two by lenders for alleged bank fraud. At least one FIR order is currently pending, with cases at the evidence stage.
• Hitesh Bang has three cases pending—two from Foxhog and one from Anita Sharma alleging extortion and blackmailing.
• In addition, Hitesh’s restaurant faces seven consumer complaints over poor service and mismanagement.
• The Bigger Picture

This is no longer the story of a frustrated startup founder. It’s a web of debts, legal disputes, hawala links, and a targeted campaign against any Investor.

Foxhog, meanwhile, continues to expand, we are also investigating against Foxhog and will soon publish the report.

Our team has already released credit histories and will soon make public further bank transaction details and photographic evidence linked to hawala settlements by Hitesh Bang, pending regulatory clearance.

Unanswered Questions

Repeated questions sent to Sandeep Gudapati remain unanswered. Until then, his image as a “fake whistleblower” seems to overshadow his identity as a “health-tech founder.”

The bigger question remains for India’s startup ecosystem:

👉 Will frustrated founders keep chasing investors, or will they focus on building what they once promised?

This article will be amended from time to time as many reports about Sandeep, Hitesh, and Foxhog are still awaiting a response from many government and Private agencies.

Singer-musician Zubeen Garg died due to drowning while swimming off a Singapore island and not while scuba diving as reported earlier, media reports said Thursday (October 2, 2025).

Assam-based Garg, who was in Singapore for the 60th year of India-Singapore Diplomatic Relations and to celebrate India ASEAN Year of Tourism, North East India Festival, died on September 19.

 Zubeen Garg’s family files complaint with Assam CID, wants his death probed

The Singapore Police Force (SPF) said they have extended a copy of the autopsy report, along with its preliminary findings on Garg’s death, to the High Commission of India, upon its request, The Straits Times newspaper reported.

The Indian High Commission says it has received the report. According to a source, the report says that Garg died due to drowning.

The SPF had earlier ruled out foul play in the death of the 52-year-old singer.

“In the case of Zubeen Garg, a coroner’s inquiry could possibly shed light on the sequence of events leading up to his drowning,” the Singapore broadsheet quoted Ng Kai Ling, associate director at LIMN Law Corporation here, as saying.