Srijan Group to Revive Kolkata’s Armenian Ghat
Srijan Group has taken formal possession of the historic Armenian Ghat precinct on Strand Road, Kolkata, after signing a 60-year lease agreement with Syama Prasad Mookerjee Port (SMPK).Spread across approximately 16,507 sq m, the project marks the beginning of a major riverfront rejuvenation initiative aimed at transforming a neglected stretch of the Hooghly waterfront into a commercial and leisure destination while preserving its heritage character.The precinct comprises several historically significant maritime structures, including the erstwhile Strand Warehouse, Jetty Shed 1, Jetty Worksho..
Athulya Opens Dedicated Geriatric Hospital in Chennai
Athulya Senior Care has inaugurated its first dedicated geriatric hospital in Valasaravakkam, Chennai, marking a significant expansion of its elder care services and completing its integrated care ecosystem spanning hospital care, assisted living and home care.The 60-bed Athulya Geriatric Care Hospital was inaugurated by Thiru Rajendra Vishwanath Arlekar, Governor of Tamil Nadu, in the presence of the company's founders, healthcare professionals and industry stakeholders.The launch comes amid growing demand for specialised elder care infrastructure in India. According to the National Statistic..
PFC, REC Boards Approve Merger Scheme
The boards of Power Finance Corporation (PFC) and REC Limited have approved a scheme for the merger of REC with PFC, paving the way for the creation of one of India's largest infrastructure financing entities with an aggregate loan book exceeding Rs 11 trillion.The proposed merger, approved under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013, envisages the amalgamation of REC, the transferor company, with PFC, the transferee company, along with their respective shareholders and creditors.The scheme remains subject to multiple approvals, including those from sha..
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