Page 891 - Company News
Sakra Hospital to set up second hospital in Bengaluru for Rs 1,000 crore
Sakra, in collaboration with SECOM and TTC, anticipates a revenue surge of Rs 500 crore by the end of 2024
 "Sakra Hospital to set up second hospital in Bengaluru for Rs 1,000 crore")
Sakra World Hospital to invest Rs 1,000 crore on second unit in Bengaluru
Sakra World Hospital is also looking to set up at a third unit, which is envisaged to have 300 beds, as part of its plans to add 1,000 beds in the upcoming years
 "Sakra World Hospital to invest Rs 1,000 crore on second unit in Bengaluru")
ZEEL shareholders approve appointment of three independent directors
Zee Entertainment Enterprises shareholders have approved the appointment of three independent directors to the company's board.
 "ZEEL shareholders approve appointment of three independent directors")
Electoral bonds: 100 listed firms across 32 sectors are donors, shows data
The top five sectors accounted for over 60 per cent of the total donations
 "Electoral bonds: 100 listed firms across 32 sectors are donors, shows data")
Electoral bond data: Smaller companies donated larger share of profit
The top 10 companies by market capitalisation (mcap) contributed over Rs 362 crore
 "Electoral bond data: Smaller companies donated larger share of profit")
US bankruptcy court issues ruling in favour of Byju's term loan lenders
In making its ruling, the ad hoc group stated that the Court confirmed that the transfer of funds from Byju's Alpha, and their continued concealment, likely constitutes a fraudulent conveyance
 "US bankruptcy court issues ruling in favour of Byju's term loan lenders")
'Why malign India Inc? Electoral bonds just tip of poll funding iceberg'
While most companies have mentioned about their spending in electoral bonds in some form in their annual reports, very few have been upfront and categorical about their disclosures
 "'Why malign India Inc? Electoral bonds just tip of poll funding iceberg'")
Air India lays off over 180 non-flying staff as part of fitment process
The loss-making Air India was taken over by the Tata Group in January 2022 and since then, efforts are being made to streamline the business model
 "Air India lays off over 180 non-flying staff as part of fitment process")
KKR mulls selling controlling stake in Indian school chain EuroKids Int'l
KKR could seek a valuation of about $1 billion for its majority stake, the people said
 "KKR mulls selling controlling stake in Indian school chain EuroKids Int'l")
CCI orders probe into Google's practices over Play Store policies
Asks the Director General to submit a report within 60 days
 "CCI orders probe into Google's practices over Play Store policies")
MoD inks Rs 2,890-cr contract with HAL for upgrade of 25 Dornier aircraft
'The MLU for Dornier aircraft includes an upgrade to incorporate state-of-the-art avionics systems and primary role sensors,' the ministry said
 "MoD inks Rs 2,890-cr contract with HAL for upgrade of 25 Dornier aircraft")
Star India starts arbitration against Zee over cricket broadcasting deal
Star India has sought "specific performance" of the agreement or the payment of damages, Zee said in a statement, without providing details
 "Star India starts arbitration against Zee over cricket broadcasting deal")
L&T Technology Services bags $100 mn deal for Maharashtra cybersecurity
Programme will set up 'cybersecurity and cybercrime prevention centre' for public safety
 "L&T Technology Services bags $100 mn deal for Maharashtra cybersecurity")
McDonald's suffers global tech outage, rules out cybersecurity incident
The fast food chain has about 40,000 restaurants worldwide, with more than 14,000 stores in the United States
 "McDonald's suffers global tech outage, rules out cybersecurity incident")
YES Bank, Axis Bank go live as payment service providers for Paytm
YES Bank has gone live as a PSP bank with a closed group of users with the @ptyes handle. Similarly, Axis Bank is live with a closed group of users with the @ptaxis handle
 "YES Bank, Axis Bank go live as payment service providers for Paytm")
Stock exchanges impose fines on Dish TV over board irregularities
The stock exchange notices, in which NSE and BSE both separately imposed a total penalty of Rs 4.26 lakh, were placed before the Board of the company, which met on Friday
 "Stock exchanges impose fines on Dish TV over board irregularities")
Funds safe, claims edtech major Byju's after US court's freeze order
In Delaware hearing, Judge rejects lenders' request for mandatory injunction, said Byju's. Instead orders a preliminary injunction, effectively seeking to maintain status quo
 "Funds safe, claims edtech major Byju's after US court's freeze order")
Zee president and group chief technology officer Nitin Mittal resigns
This announcement comes amid strategic changes in the technology and data vertical, implemented by managing director and CEO Punit Goenka, a ZEEL statement said
Near-term demand remains a concern for listed tile maker Kajaria Ceramics
Even as the March quarter and FY24 volumes are likely to be on the lower side, management and brokerage commentary suggest that recovery could be strong in FY25
 "Near-term demand remains a concern for listed tile maker Kajaria Ceramics")
Lupin gets USFDA nod to market a generic drug to treat bacterial infections
The company has received approval from the USFDA for Doxycycline for Injection USP, the Mumbai-based drug maker said in a statement
 "Lupin gets USFDA nod to market a generic drug to treat bacterial infections")