Currently, about 2/3rd of Dr Lal’s revenues comes from North. The Eastern and Western regions contribute 15% each, whereas South contributed only 6% of Rs 2,227 cr revenues in FY24. In October 2021, it had acquired Suburban Diagnostics to expand into West. It was it’s first large sized acquisition. Now after more than 2 years, … Read more
The partnership will see the deployment of advanced imaging technologies made available by Medikabazaar and United Imaging across Krsnaa’s extensive network of diagnostic centers, primarily focusing on semi-urban and rural areas. (United Imaging is a global leader in high-performance imaging equipment. Medikabazaar is India’s largest B2B Healthcare procurement & supply-chain solutions provider) Plan is to establish … Read more
Recently, Supreme Court had dismissed pleas by Indian telecom operators to re-compute Adjusted Gross Revenue (AGR) dues. The companies had sought corrections in the AGR calculations, a penalty reduction, and interest rate adjustments. This resulted in significant implications specifically for Vodafone Idea (VIL), whose burden has now increased to Rs 70,320 cr as of FY24. … Read more
Easy Trip has announced the following two significant investments – 49% stake into Pflege Home Healthcare Center LLC (Pflege) Pflege is a home healthcare provider headquartered in Dubai. Pflege offers comprehensive care services across a wide range of segments, from doctor visits, Registered Nursing care at Home and physiotherapy to home-based medical equipment like ventilators … Read more
Godrej Capital (GCL), the financial subsidiary of Godrej Industries (GIL) was started in 2020. Since then it has been providing home loans in select geographies. It is the holding entity for Godrej Housing Finance (an HFC) and Godrej Finance Limited (an NBFC). The business is ramping up nicely and GIL has now shared the following … Read more
AU Small Finance Bank (SFB) has applied to the RBI for voluntary transition from a SFB to a Universal Bank (UB). The eligibility criteria for a SFB to transition into a UB is – a satisfactory track record of performance for at least five years; listed on stock exchanges; minimum net worth of Rs 1,000 … Read more
As part of the strategic partnership with Apple, Airtel has announced shutting it’s music service Wynk. The Wynk users will transition to Apple Music with preferential offers and pricing. Wynk is estimated to have more than 100 mn users This number is based on app downloads and hence may be grossly over stated. Paid users … Read more
Alkem MedTech Pvt Ltd (AMPL), a wholly owned subsidiary of Alkem Laboratories (ALL), has announced it’s 1st business initiative. It has entered into a design and technology transfer agreement with Exactech Inc (EI), a global medical device company headquartered in USA. AMPL will manufacture and market EI’s joint replacement implants for sale in India. The … Read more
Zomato in a bid to further strengthen it’s going-out segment has agreed to buy Paytm’s movie and event ticketing business. Deal is an all cash deal for Rs 2,048 cr Paytm has said that it had built it’s movie ticketing business from the ground up and acquired Insider and TicketNew for Rs 268 crore between … Read more