Tag: business news daily

Suzlon to merge wholly-owned subsidiary, transfer project business in restructuring exerciseSuzlon to merge wholly-owned subsidiary, transfer project business in restructuring exercise

Suzlon Energy Ltd.’s board has approved the scheme of amalgamation involving the merger of Suzlon Global Services, a wholly-owned subsidiary with itself. The company also plans to transfer its project business on a slump sale basis to one or more wholly-owned subsidiaries of the company. Suzlon will also undertake a capital reorganization exercise through the Scheme of Arrangement by reclassification and transfer of general reserve to retained earnings of the company and also merge Suzlon Energy Ltd., Mauritius, another wholly-owned subsidiary with itself. The company said that there will be no change in the existing shareholding pattern of Suzlon post…
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September 21, 2024September 21, 2024 TaufanTaufan

Walmart to close 51 clinics as it shutters its entire Walmart Health divisionWalmart to close 51 clinics as it shutters its entire Walmart Health division

Walmart will close all 51 of its doctor-staffed health clinics as part of an announcement that its Walmart Health initiative is shutting down. The clinics, in Arkansas, Florida, Georgia, Illinois and Texas, have been open just a few years. Walmart also said Tuesday it is winding down its virtual care option. Walmart pharmacies and vision centers will not be affected. Patients with scheduled appointments will continue to be seen, and Walmart will make efforts to direct patients to high-quality providers in their insurance networks to ensure they continue to get care, CNBC reported. The announcement is a swift reversal for…
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September 7, 2024September 7, 2024 TaufanTaufan

Revolution Bars’ rivals eye bids for struggling chain’s assets | BusinessNewsRevolution Bars’ rivals eye bids for struggling chain’s assets | BusinessNews

Some of the leading players in Britain’s night-time economy are looking to cherry-pick assets from Revolution Bars, the London-listed leisure group. Sky News has learned that Nightcap and Rekom, two rival bar and nightclub operators, have expressed an interest in buying part or all of Revolution. A number of private equity firms are also said to have planned to submit offers ahead of a deadline set by advisers to Revolution on Wednesday. The scope of the interest from Nightcap and Rekom was unclear, and it remained possible that one or both would not table formal offers. Revolution Bars announced this…
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June 21, 2024June 21, 2024 TaufanTaufan