Jaypee Healthcare Admitted for Corporate Insolvency Process
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Jaypee Healthcare Admitted for Corporate Insolvency Process

Fortis Healthcare, altheare Apollo Hospitals, Medanta and Max Healthcare are among half a desen companies that have shown preliminary interest in acquiring Jaypee Healthcare, the last of the Jaiprakash Group’s priced assets to be admitted into bankruptcy.  On Friday, the Allahabad bench of the National Company Law Tribunal (NCLT) gave an oral order to admit…

Closing Fake A/cs in Govt. Schemes Saved ₹335 L cr.
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Closing Fake A/cs in Govt. Schemes Saved ₹335 L cr.

Weeding out fake beneficiaries of the government’s schemes for food security, rural employment and fuel subsidy between FY18 and FY24 resulted in saving of about 3.35 lakh crore for the exchequer, according to a recent internal presentation of the department of expenditure. The department identified and cancelled 50.1 million fake ration cards, struck off 41.3…

HC Action on ‘Mr. Bean Theme Park over Trademark Issue
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HC Action on ‘Mr. Bean Theme Park over Trademark Issue

The Bombay High Court has restrained a theme park near Lonavala from using the trademark and associated artwork related to the 1990s popular British sitcom Mr. Bean following an application from the UK-based company that holds the rights of the hit series. The temporary injunction rest- rains Mr. Bean Trampoline Park from using in any…

ZEEL Spends ₹176cr on Merger-Related Expenses
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ZEEL Spends ₹176cr on Merger-Related Expenses

Entertainment Enterprises Limited (ZEEL), which has signed an agreement to merge its operations with Culver Max Entertainment (Sony Pictures Networks India), has spent ₹176.2 crore on merger-related expenses in FY23, the company’s regulatory filings show. In the previous fiscal year, merger-related expenses stood at ₹7.3crore. The two companies had signed definitive agreements to merge their…

Rario Collapse, GST Bring Curtains Down on Dream Sports’ VC Arm
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Rario Collapse, GST Bring Curtains Down on Dream Sports’ VC Arm

April 2022, when Dream Sports invested in web3 startup Rario through Dream Capital, its corporate venture capital and M&A arm, it went to town announcing the deal. The sports tech conglomerate noted that Rario had “the largest share of cricket NFT (non-fungible tokens) rights globally, through exclusive partnerships with six international cricket leagues and a…

Byju’s Creditors Onboard Kroll to Guard Great Learning Assets
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Byju’s Creditors Onboard Kroll to Guard Great Learning Assets

Risk and financial advisory firm Kroll said on Wednesday that the creditors of Byju’s hired it to safeguard the mortgaged assets of the Indian edtech company’s Singapore unit and majority-owned subsidiary Great Learning Education. The secured creditors hired it as part of exercising their security rights following defaults by Byju’s, Kroll said in a news…

Israel-Related Stocks Fall Globally as War Escalates
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Israel-Related Stocks Fall Globally as War Escalates

The surprise attack on Israel by Hamas weighed on shares of global companies with local connections, including chipmakers and software providers, as investors fretted that the conflict could escalate. Saturday’s assault has sparked fresh concern about geopolitical risks at a time when global financial markets already were grappling with the impact of higher interest rates…

Sitharaman Asks CAs to Work on ESG, Carbon Accounting Expertise
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Sitharaman Asks CAs to Work on ESG, Carbon Accounting Expertise

Finance minister Nirmala Sitharaman on Thursday asked chartered accountants to adequately familiarize themselves with new and growing areas of auditing, including ESG (environmental, social, and governance) and carbon accounting, and to adopt technology to improve their productivity. Developing expertise in new areas will help not just their clients but also the broader ecosystem, Sitharaman said…

‘Enough Provisions to Enforce GST on Offshore Gaming Cos’
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‘Enough Provisions to Enforce GST on Offshore Gaming Cos’

There are sufficient enforcement provisions to act forms if they do not pay the prescribed GST on online gaming, the Centre has said, downplaying claims that the new tax would make gamers ditch local platforms for offshore ones. Minister of state finance Pankaj Chaudhary said this in a written response a question in the Rajya…