A case has been filed against Apollo Hospital in the Rahul Mahajan case.
The pharmaceuticals sector is expected to post a revenue growth of around 13.5 per cent and a net profit growth of 30.3 per cent for the third quarter of 2023-24 (FY24), riding on the approval for niche drugs in the US market, fall in raw material prices and correction in shipping rates. In the healthcare segment, hospitals are expected to post revenue growth of 13 per cent during the coverage, while net profit growth would be around 37 per cent, ICICI Securities said in a note. However, the performance may not be comparable on a sequential basis due to the offset of the festive season in Q3FY24, the analysts noted.
Apollo will also increase its bed-capacity to 12,000 from the current 9,000 beds by 2015, for which it plans to have a total workforce of 85,000 employees, group executive director (operations) Sangita Reddy told reporters.
The share of foreign loans in total Adani group debt portfolio dropped to 61 per cent by September 2023 from 63 per cent as of March 2023, as the group repaid part of its foreign loans and refinanced part of older loans. The share of Indian lenders, on the other hand, rose to 39 per cent in the total debt pie in September 2023 from 37 per cent in March after a report by US-based short seller Hindenburg Research in January last year, which led to volatility in the share prices of group companies. The group's total debt remained static at Rs 2.26 trillion in the same period.
Rediff.com's Prasanna D Zore, Hitesh Harisinghani and Afsar Dayatar return moist-eyed, elevated, after spending an evening with clowns and derring-do stunt artistes at Rambo Circus.
Tyre stocks have been on a tear over the past six months, with average returns exceeding 45 per cent. Except for Apollo Tyres, which has seen a slight correction in the last month and a half, limiting its gains to 16 per cent, listed peers such as MRF, CEAT Tyres (formerly Cavi Elettrici e Affini Torino), and JK Tyre & Industries have delivered returns exceeding 30 per cent during this period. Production-related constraints and sluggish demand in Europe, where sales are expected to remain flat, coupled with high valuations, have contributed to Apollo Tyres' underperformance. The tyre sector's gains can be attributed to robust growth trends driven by the replacement market, which constitutes more than two-thirds of sales.
The market leader also cautioned that the tyre industry could be in red unless there is a substantial increase, a minimum of up to 10 per cent, in product prices.
This is the case even though the benchmark index is only 5 per cent below its all-time high. The list of stocks trading at a discount primarily consists companies in the automotive, banking, oil and gas, insurance, healthcare, and metal sectors.
The Aditya Birla group is close to buying the Reddy family's 66.32 per cent stake in Apollo Sindhoori Capital Investments (ASCIL), marking a re-entry of the group into the broking business.
As is common practice of key parties associated with high-profile M&A deals being referred to by code names, this time around, Reliance has reportedly become 'Rome', MTN is 'Madrid' and Ambani is 'Apollo'.
The Rs 2,300 crore Apollo Group on Thursday announced its foray into the online lottery market under the brand name - Lottus - and said the company would invest Rs 250 crore in the venture in the next three years.
Kidney scouts roam around the labour markets in the poorest districts of Bihar, West Bengal, Uttar Pradesh, Tamil Nadu and Delhi in search of potential donors.
It also asked why the data shared pertained to a period from April 2019 even though the scheme for anonymous political funding was introduced in 2017.
Women's IM Mounika Akshaya and WGM Srija Seshadri were away for an evening walk and IM CRG Krishna was sleeping inside the room while burglars entered the apartment.
The Indian Space Research Organisation will provide the technology for the treatment, an official from the hospital said.
The proposed Mumbai project is part of a series of new hospital projects planned by Apollo across the country.
UFO plans to provide a wide distribution channel to the Kerala film industry in a cost-effective manner.
The Vikram lander was 100 kilometers away from LRO, near Manzinus crater in the Moon's south pole region, when LRO transmitted laser pulses toward it on December 12 last year.
'There is not any negative connotation associated with it.'
The list includes Gautam Adani's brother Vinod Adani among others.
Apollo Hospitals was looking at divesting at least 50 per cent of Apollo Pharmacy, the retail pharmacy network, for Rs 1,000 crore.
From steel tycoon Lakshmi Mittal to billionaire Sunil Bharti Mittal's Airtel, Anil Agarwal's Vedanta, ITC, Mahindra and Mahindra, and a lesser-known Future Gaming and Hotel Services were among the prominent buyers of the now-scrapped electoral bonds for making political donations.
The group would be opening at least one hospital every three months for the next one year.
Corporate India is starting to step up its capital expenditure plans amid government incentives and signs of rising demand, company executives and analysts have indicated. This coincides with the Reserve Bank of India (RBI) recently citing a double-digit growth in private capital expenditure. Healthy balance sheets of banks and corporates, along with increasing capacity utilisation and improving business sentiment, are contributing to a favourable environment for sustained growth in private sector investments, the RBI said in its policy last week.
Recently, the government relaxed foreign direct investment (FDI) norms for the space sector by allowing 100 per cent FDI in manufacture of components, systems or sub-systems for satellites, ground segments, and user segments. It also permitted 74 per cent FDI in satellite manufacturing and operation as well as satellite data products and 49 per cent in development of launch vehicles and spaceports. Following this, stocks of related companies saw an uptick on the bourses.
The actor and his wife Upasana Kamineni are expecting their first child; his film RRR has bagged two Golden Globe nominations.
A meeting of the board of directors of Apollo Hospitals Enterprise Ltd will be held on January 28 to consider and approve the unaudited financial results of the company for the quarter ended December 31, 2002.\n\n\n\n
Future Gaming and Hotel Services whose director is the lottery magnate Santiago Martin is the top purchaser of electoral bonds having purchased bonds worth Rs 1,368, according to data uploaded by the Election Commission of India on its website on Thursday.
He halted for a while to let the ambulance pass.
Shares of MRF crossed a first time Rs 100,000 mark, hitting a record high of Rs 100,300, up 1.4 per cent on the BSE in intra-day trade. on June 13, 2023. The stock surpassed its previous high of Rs 99,879.65, touched May 8, 2023. Thus far in the current calendar year 2023 (CY23), MRF has outperformed the market by gaining 14 per cent on improved financial performance.
Four days after the busting of the kidney racket in Apollo Hospital in New Delhi, T Rajkumar Rao, the alleged kingpin, and three others were on Tuesday arrested, even as police said 10 doctors are likely to be questioned in connection with the case.
Tyre maker Apollo Tyres is set to expand its operations through a greenfield project in Tamil Nadu at a cost of Rs 500 crore
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