Apollo Tyres' $100 million project in joint venture with Michelin would begin production from early 2006, its chairman and managing director Onkar S Kanwar on Tuesday said.
The Hinduja group is learnt to be looking at alternative means of financing, including private credit, to fund its Rs 9,661 crore all-cash offer to acquire Reliance Capital. The regulator, Insurance Regulatory & Development Authority of India (Irdai), had earlier rejected the collateral offered by the group to raise funds. The Hinduja group was in talks with Barclays, JPMorgan, Cerberus Capital Management and Apollo Global Management to raise up to $850 million.
Cops said the doctors deliberately gave false information regarding the presence of toxic substances in the body of Rahul.
Indian tyre makers are expanding their capacities in the wake of international players flooding the Indian markets.
The group wants to expand its drug store chain.
The questioning comes a day after police put three senior doctors -- Prasad Rao, Anupam Sibal and Mukund Pandey -- through intense interrogation for nearly nine hours to get details of the treatment given to Rahul.
A case has been filed against Apollo Hospital in the Rahul Mahajan case.
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.
On June 19 evening, Upasana was admitted to the Apollo Hospital in Jubilee Hills, Hyderabad.
Indian family-run business houses have in recent years seen ugly public spats between owners over control. But metals-to-ports conglomerate Essar's Ruia family seems to be an exception. Three generations of the Ruia family - founder brother Shashi and Ravi Ruia, their children and grandchildren - continue to live under one roof and jointly run the business empire.
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.
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.
Stock markets will be driven by quarterly earnings by index majors, global trends and the RBI's interest rate decision this week after digesting news on budget proposals and US Federal policy outcome, say analysts. The trading activity of foreign investors and the movement of global oil benchmark Brent crude would also dictate trends in equities. "On the domestic front, the MPC (Monetary Policy Committee) meeting is scheduled from February 6-8.
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.
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 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.
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.
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.
Apollo Hospitals was looking at divesting at least 50 per cent of Apollo Pharmacy, the retail pharmacy network, for Rs 1,000 crore.
The list includes Gautam Adani's brother Vinod Adani among others.
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.
The group would be opening at least one hospital every three months for the next one year.
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.
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
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.
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.
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.
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.
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