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NCLT approves Zee Entertainment-Sony India merger, dismisses all objections

NCLT approves Zee Entertainment-Sony India merger, dismisses all objections

The National Company Law Tribunal (NCLT) on Thursday approved the Zee-Sony merger, according to the news agency Reuters. The NCLT had initially reserved its verdict on the merger between Zee-Sony on July 10.

The Mumbai bench of the NCLT, which comprised of H V Subba Rao and Madhu Sinha, had reserved the judgment after listening to objections from creditors such as Axis Finance, JC Flower Asset Reconstruction Co, IDBI Bank, Imax Corp, and IDBI Trusteeship who raised concerns about the scheme.

Nearly 750,000 recipients of PMJAY linked to same phone number: CAG report

Nearly 750,000 recipients of PMJAY linked to same phone number: CAG report

Nearly 750,000 beneficiaries of the Ayushman Bharat-Pradhan Mantri Jan Aarogya Yojana (AB-PMJAY) are registered under a single mobile number – 9999999999, The Indian Express reported, citing the Comptroller and Auditor General (CAG).

A performance audit report on the Centre's flagship scheme for health insurance for poor people was placed in the Lok Sabha on Monday. The report showed that linking 749,820 beneficiaries to a single mobile number was not an isolated anomaly.

Air India in talks with commercial banks for Rs 3,000 crore loan

Air India in talks with commercial banks for Rs 3,000 crore loan

Tata group-backed Air India is in talks with commercial banks for around Rs. 3,000 crore loan, which the airline needs to make the down-payment under sale-and-leaseback agreements with lessors, according to people in the know.

The carrier, the sources said, is talking to multiple lenders in connection with the loan. According to a top State Bank of India executive, several lenders will join hands to extend the loan.

Larsen & Toubro planning to invest as much as $12 bn over next five years

Larsen & Toubro planning to invest as much as $12 bn over next five years

India’s largest engineering and construction company Larsen & Toubro Ltd. plans to invest as much as $12 billion over the next five years, a third of which will go toward expanding its clean energy business.

The company intends to build 2-3 million tonnes of green hydrogen and ammonia capacity with an investment of close to $4 billion.

Shyam Metaliks hits 10% upper circuit post July sales numbers

Shyam Metaliks hits 10% upper circuit post July sales numbers

Shares of Shyam Metaliks and Energy hit the 10 per cent upper circuit on the BSE in Wednesday's intra-day trades backed by heavy volume after the company reported its monthly sales for July.

At 11:55 AM, the stock quoted 7.7 per cent higher at Rs 455 on volume of around 4.11 lakh shares as against the two-weekly average traded volume of around 51,000 shares on the BSE. Meanwhile, the S&P BSE Sensex was down 0.5 per cent at 65,532.

Fire at sofa factory in Mayapuri industrial area, 7 hurt including 2 cops

Fire at sofa factory in Mayapuri industrial area, 7 hurt including 2 cops

Two policemen and seven civilians were injured putting out a fire that broke out at a factory in west Delhi's Mayapuri area early Wednesday morning, officials said.

According to officials, a call was received at 2.05 am that there was a fire at a two-story sofa factory at the market known for dealing in scrap.

India asking corruption, dynasty, appeasement to quit India: PM Modi’s swipe at Opposition

India asking corruption, dynasty, appeasement to quit India: PM Modi’s swipe at Opposition

Recalling the Quit India movement launched by Mahatma Gandhi, Prime Minister Narendra Modi on August 9 said India is now speaking in one voice against corruption, dynasticism, and appeasement.

Mr. Modi's apparent swipe at the Opposition came as the ruling BJP organises events across the country on Wednesday on these lines.

WhatsApp launches screen sharing feature to take on Zoom, Google Meet

WhatsApp launches screen sharing feature to take on Zoom, Google Meet

Meta-owned messaging app WhatsApp on Tuesday announced the launch of a screen sharing feature allowing users to share presentations, photos, and videos with one or more individuals on video calls.

The screen share feature is WhatsApp’s latest take on professional video conferencing platforms such as Google Meet, Microsoft Teams and Zoom. The beta version of the new feature was launched in June this year.

Adani Enterprises considering sale of 44% stake in Wilmar Venture

Adani Enterprises considering sale of 44% stake in Wilmar Venture

Adani Enterprises Ltd. is exploring selling its stake in its Mumbai-listed consumer-staple joint venture with Wilmar International Ltd., freeing up capital for their core business, according to people familiar with the matter.

The conglomerate has been considering a potential sale of its 44% stake in Adani Wilmar Ltd. for a few months, the people said, asking not to be identified as the information is confidential. Adani’s shares are worth about $2.7 billion at the current share price, according to Bloomberg calculations.

Pepperfry co-founder Ambareesh Murty dies of cardiac arrest in Leh

Pepperfry co-founder Ambareesh Murty dies of cardiac arrest in Leh

Pepperfry Co-founder and Chief Executive Officer Ambareesh Vedantam Murty passed away in Leh on Monday night after a cardiac arrest.

Ashish Shah, co-founder of the omnichannel furniture retailer, tweeted: "Extremely devastated to inform that my friend, mentor, brother, soulmate @AmbareeshMurty is no more. Lost him yesterday night to a cardiac arrest at Leh. Please pray for him and for strength to his family and near ones."

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