Wednesday, October 07
Mumbai: The Mumbai Police plan to write to the Charity Commissioner in Maharashtra to find out if there had been any previous complaints about financial irregularities at the trust running the city's Lilavati Hospital and Research Centre or any red flags in its audit reports, people in the know told ET.The Economic Offences Wing (EOW) of the Mumbai Police earlier this month took over the probe into complaints by the current trustees of the Lilavati Kirtilal Mehta Medical Trust, alleging irregularities of ₹1,300 crore at the public charitable trust.The Bandra police station registered three FIRs over the issue in March based on a local court's order. "Since the alleged irregularities run into around ₹1,300 crore, the probe has been handed over to the EOW. Since the allegations are about
Mumbai: ZEE5, the streaming platform owned by Zee Entertainment, aims to reduce its operating losses by 50-60% in FY26, president of digital businesses and platforms Amit Goenka said.The OTT industry has shifted its focus to achieving profitability after years of heavy investments in subscriber acquisition, which had taken a toll on their P&L.In FY25, ZEE5 reduced its Ebitda loss to ₹548 crore from ₹1,105 crore in the previous year. The company has been aggressively cutting costs to achieve its goal of an 18-20% Ebitda margin in FY26."This year, we are striving to reduce our Ebitda losses by more than 50-60% compared to last year. ZEE5 is the only division in Zee Entertainment that is not yet profitable, and we are looking to make it Ebitda-positive," he said.According to Goenka, p
