Companies & Sectors
Ratan Tata invests in medical response startup app company
Ratan Tata, chairman emeritus of Tata Sons, has made an investment in the US-based medical emergency response start-up app company, MUrgency Inc., founded by a Keralite.
 
"Tata's involvement is an affirmation of the importance of a reliable emergency medical response network," said company founder Shaffi Mather, who has served briefly as an economic advisor to Kerala Chief Minister Oommen Chandy. 
 
Ratan Tata wanted MUrgency to launch and grow the network in India first before taking it overseas, Mather said, adding the investment will help attract talent to the company and partnerships beyond India.
 
MUrgency will use the proceeds of the funding to augment technology and scale up operations besides leveraging Tata's experience and network to develop the emergency response network globally, he said.
 
The company launched its service in February in the TriCity (Chandigarh-Mohali-Panchkula) area of Punjab and Haryana with a responder network of 36 hospital emergency rooms, over 40 ambulances and over 350 medical professionals.
 
MUrgency plans to launch its service in Amritsar and Jalandhar by the end of this month and cover entire state of Punjab by June.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Opposing merger with SBI, unions in associate banks to strike work on 20th May
Opposing the decision of boards of directors of five associate banks of State Bank of India (SBI) to close down and merge with SBI, the All India Bank Employees' Association (AIBEA) has called a strike on May 20.
 
In a statement on Tuesday, AIBEA said it has called an all-India strike in the five SBI associate banks -- State Bank of Travancore (SBT), State Bank of Mysore (SBM), State Bank of Hyderabad (SBH), State Bank of Bikaner and Jaipur (SBBJ), and State Bank of Patiala (SBP) -- on May 20.
 
According to AIBEA, at the board meetings of the five SBI associate banks held in Mumbai on Tuesday, an agenda was brought to close down the associate banks and for acquisition by SBI.
 
"Despite opposition and protest by all the AIBEA's Workman Directors and a few other independent directors about the proposal and the procedure adopted, the resolution has been approved in this regard," the statement said.
 
"It is shameful that when the government is talking of corporate governance and good governance, board agenda is brought without intimation on such a serious matter and decision is taken," AIBEA added.
 
According to the statement, the decision of the five banks is not in consonance with what Finance Minister Arun Jaitley had suggested to the union at their meeting on March 23 and April 25 this year.
 
"He opined that all the five banks can be made into one single entity. But what SBI and the Associate Banks are trying to do is the opposite to what the FM (finance minister) had suggested," AIBEA said.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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COMMENTS

TIHARwale

7 months ago

only workman directors are opposing this move as their seats will become redundant as and when merger happens

134 arrested at Simhastha Kumbh posing as sadhus
As the 'Simhastha Kumbh Mahaparv' -- one of the four Kumbh Melas celebrated as one of the largest spiritual gatherings in the world -- draws to a close, the police have arrested 134 people posing as sadhus and indulging in criminal activities, Additional Director General of Police V. Madhukumar has said.
 
The authorities have initiated proceedings against these people as per law, Madhukumar said on Monday.
 
The ADGP said there have been incidents of theft, vandalism and even a murder attempt at the site of Simhastha Kumbh. Some of the incidents were targeted against sadhus -- religious renunciates -- belonging to various 'akharas' -- an order of such renunciates -- which get a pride of place in sacred bath rituals of a Kumbh pilgrimage.
 
Madhukumar said the third and last 'Shahi Snan' (royal bath) of Kumbh on May 21 would be a big challenge for the police on account of large crowds of devotees that are expected.
 
The Simhastha Kumbh, that began on April 22, will conclude with the Shahi Snan on May 21.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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