Page 8 - Gireesh Babu

Apollo Hospitals denies allegations related to pharmacy business de-merger

On Tuesday, the stock price of AHEL came down by Rs 97.80 to end the day at Rs 1,430.85 per share

CavinKare enters sweets-and-snacks retailing with first outlet in Chennai

Firm plans to expand to 500 stores mostly in Tamil Nadu and Maharashtra; pilot store set up in Thane

TCS iON opens AI-driven Command Centre in Chennai to monitor exam venues

More than 6,000 exam centres to be covered real time across the country

Cognizant to acquire tech consulting firm Contino for undisclosed sum

Transaction likely to close in fourth quarter of 2019, subject to regulatory approvals

Indian Overseas Bank to e-auction over 500 properties worth Rs 800 crore

The properties are spread across seven centres comprising Chennai, Coimbatore, Mumbai, Kolkata, Delhi, Bengaluru and Hyderabad

Central Bank withdraws insolvency application against Aban Offshore

Both parties say they are settling dispute; NCLT dismisses application, permits lender to approach it later

Amalgamations Group wins 20 year old legal dispute with shareholder

Amalgamations Group was founded by S Anantharamakrishnan and Amalgamations is the holding company

Constitution of GST appellate tribunal unconstitutional: Madras HC

The court observed that there should be primacy for judicial members and technical members cannot exceed the number of judicial members, according to sources

Apollo Hospitals to seek shareholders' nod for hiving off pharmacy biz

Front end of the business to go to a separate firm, which will focus on achieving Rs 10,000 cr revenue and 30% ROCE within 5 years

Electronics manufacturers ask govt to take steps to boost exports

Almost 60 leading electronics makers will meet the government on Monday and raise the issue

Sun TV's income from movie distribution rises to Rs 223.36 crore in FY19

The company also said that it used to have Rs 400-500 crore for purchase of movies for its television channels but now it is reallocating some of the budget to movie production

Equitas Holdings plans to go for IPO of small finance bank arm

The market regulator returned the company's draft scheme with an advise to re-submit the application after ensuring compliance with provisions mentioned in the Sebi circular

Auto slowdown: Ashok Leyland declares non-working days across units in Sept

Ashok Leyland has agreed to give 5.42% of the profit of 2018-19 as bonus to employees

Ashok Leyland hopeful of settling bonus talks with employees' union

Union has earlier demanded 10% payout, but company stood firm on its offer of 5% and at the end of talks, both parties agreed to 5.423%

Apollo Pharmacy aims to expand its private label business in next 3 years

Company officials said the private label business was 6.5 per cent of revenue last year and expected to be 7 per cent this year

Madras HC directs Cognizant to approach Appellate Authority on tax dispute

A Cognizant spokesperson said that the company may not be able to comment on the development since it has not officially received a copy of the order

Serial entrepreneur G S K Velu to ramp up diagnostics biz in west and south

Move follows expiry of restrictive clauses inserted at the time he sold his stake in Metropolis Healthcare to Carlyle Group

Campus hiring buzz at engineering colleges, Microsoft offers Rs 41 lakh

While most of the IITs are yet to begin the final placement process, several non-IIT engineering colleges start early

Govt addressing issues sectorally, more action soon: FM Nirmala Sitharaman

Government has made two major announcements to revive the economy after consulting business leaders and such dialogue will continue, says finance minister Nirmala Sitharaman.

Merger will force branch closures, hit customer service: staff association

Branch closure would mean more customers going to fewer branches. Banking services would be impacted, as the customer population per branch will increase