NCLAT Sets Aside NCLT Order on Zee-Sony Merger

Agency News : New Delhi

The National Company Law Appellate Tribunal (NCLAT) has set aside the order of NCLT directing bourses NSE and BSE to reconsider their approval for the Zee-Sony merger. A two-member NCLAT bench has asked NCLT to consider the merger of Zee Entertainment with Culver Max Entertainment (earlier known as Sony Pictures Networks India) afresh, after hearing all the parties. The appellate tribunal order came on hearing the appeal filed by Zee Entertainment Enterprises Limited (ZEEL) against the order passed by the

Mumbai bench of the National Company Law Tribunal (NCLT) on May 11, 2023.

The NCLT had directed NSE and BSE to reconsider their prior approvals for the merger of ZEEL and Culver Max Entertainment. It had also

Medplus Health shares zoom 12% after Q4 profit jumps two fold

Agency News : New Delhi

Under the leadership of MS Dhoni, four times champion Chennai Super Kings (CSK) have qualified for the final of the Indian Premier League (IPL) 2023. However, fans are speculating that despite CSK’s success in the ongoing edition of IPL, the relationship between the Captain Cool and star allrounder Ravindra Jadeja has soured. It was evident in a fresh video doing the rounds over various social media platforms in which it is found that CSK CEO Kasi Viswanathan is consoling Jadeja. A few days ago, Jadeja has expressed his disappointment over several things on social media. He had also liked a post from a fan suggesting that he was unhappy with his batting position lower down the order. The liking of the post by the 34-yearold Southpaw also suggested that he is unhappy over fans celebrating his dismissal to watch Dhoni play. The utility all-rounder also uploaded cryptic posts recently and the fans felt that the left-arm allrounder might look to leave CSK. Moreover, after the match between CSK and Delhi Capitals (DC) when the players were returning to the dugout after CSK’s victory, there was a moment between Dhoni and Jadeja that became the talking point between fans.

Shares of Medplus Health Services zoomed 12% to Rs 772.7 in Friday’s trade on BSE after the company reported a two-fold jump in March quarter profit, driven by strong sales in its key retail segment. Its net profit rose to Rs 26.58 crore for the quarter ended March 31, from Rs 11.73 crore a year ago.

The company’s consolidated revenue from operations rose 30%, thriving on the back of improved accessibility among consumers - the company sells medicines online as well as through its retail outlets across the country. Its revenue from retail business, which accounts for almost all pf total revenue, surged about 29% to Rs 1,241 crore, on the back of new launches and scaledup production of existing products. Medplus Health said its gross store additions during the quarter stood at 284 stores. At 9.59 am, the stock was trading 11.5% higher at Rs 769.1 on BSE. On a yearto-date basis, the stock has surged 24%. However, it has declined by 16% in the last one year.