A proposed demerger of Deccan Chronicle Holdings Ltd publications division isn't going as per plan. After a forensic audit conducted by Canara Bank revealed glaring financial irregularities lenders are now likely to oppose the demerger, reports CNBC-TV18's Appaji Reddem and Animesh Das.
In a latest mishap, Zenotech failed to pay salaries to its employees for the first time in its eight year history due to non-payment of dues by majority shareholder - Ranbaxy. Promoter Jayram Chigurupati feels that the company is being neglected by Ranbaxy, reports CNBC-TV18's Appaji Reddem.