DoT moves NCLAT against resolution of Videocon

New Delhi

The Department of Telecommunication (DoT) has moved the insolvency appellate tribunal NCLAT against the NCLT order approving the consolidated resolution plan for 13 companies of Videocon Group, including Videocon Telecommunications. It said defaulting telecom companies cannot be permitted to wriggle out of their liability by the Corporate Insolvency Resolution Process. PTI

New Delhi
Pharma major Lupin forays into diagnostics business
Homegrown pharma major Lupin on Friday announced its foray into the diagnostics business and plans to have around 100 laboratories as well as 1,000 collection centres across the country over the next five years. The laboratories would be company-owned, while the collection centres would be a mix of company-owned and franchise outlets. PTI

New Delhi
PFC pays second interim dividend of Rs369 cr to govt
State-run Power Finance Corporation (PFC) said it has paid the second interim dividend of Rs 369.57 crore to the government for the 2021-22 fiscal. The second interim dividend at the rate of 25%, that is Rs 2.50 per equity share of face value Rs 10 each, was declared by the Board of Directors in its meeting held on November 11, 2021, it said. PTI

New Delhi
Sterlite Tech launches 5G-from-India offering
Sterlite Technologies Ltd (STL) on Friday unveiled its 5G-from-India offering at the India Mobile Congress event. The company said its 5G portfolio includes optical, radio and deployment solutions. PTI