The feud over Ranbaxy patriarch Bhai Mohan Singh's will deepened as Malvinder and Shivender duo (owners of Ranbaxy and Fortis respectively) and Manjit Singh issuing separate notices to the biggest beneficiary, Analjit Singh.
Bhai Mohan Singh came to Delhi from Rawalpindi after the partition, having made big money in road contracts in the northeast region during the Second World War. He was soon in business, lending money to companies based in Delhi. It would be difficult to tell if he would have shared the elation of his grandson, Malvinder Mohan Singh at the family's exit from the company today.
An out-of-court settlement of the feud over Ranbaxy founder Bhai Mohan Singh's will is seemingly imminent between Analjit Singh and Malvinder, Shivender duo, the present promoters of Ranbaxy and Fortis respectively.
The tussle over Ranbaxy patriarch Bhai Mohan Singh's will is set to intensify with his second son Manjit Singh staking claim to his parents assets on Tuesday. The assets include shares of about 40 companies.
Bhai Mohan Singh, the grand old man of India's pharmaceutical industry and founder of Ranbaxy laboratories, passed away on Monday evening at the age of 89.
Riddhima Kapoor Sahni, Neetu Singh and Rishi Kapoor's daughter, is making her acting debut at 46, joining a list of actors who took their sweet time to be bitten by the acting bug.
'The war scenes in which Indian soldiers fight fearlessly and the powerful dialogues are meant to make the audience proud of the loyalty and valour of Indian soldiers,' observes Deepa Gahlot.
'... had gone to South Africa from India over a hundred years ago.'
Mithun Manhas: Street-Smart cricketer, who was always at the right place at right time
Senior Bharatiya Janata Party leaders Amit A Shah, Shivraj Singh Chouhan and G Kishan Reddy filed nomination papers for the Lok Sabha elections on Friday, April 19, 2024.
Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy met business tycoons Mukesh Ambani of the Reliance Group, Naveen Jindal of Jindal Steel, G M Rao of the GMR Group, founder-chairman of Cyient B V Mohan Reddy among others at the Global Investors Summit 2023 'Advantage Andhra Pradesh' in Vishakapatnam, March 3, 2023.
'Nothing in this world is permanent. So also in business.' 'And more so in family businesses where family issues often influence business decisions,' point out S Subramanian and Nupur Pavan Bang.
Ranbaxy did its maiden public issue in 1973.
Gandhi will now be seen in two upcoming OTT series -- Hansal Mehta's Gandhi, starring Pratik Gandhi in the title role, and Freedom at Midnight by Nikkhil Advani.
Gandhiji asked me if I had sufficient warm clothes in view of the coming cold season. I said yes. But he verified my statement by asking Miraben to search my bag to make sure. Such was Gandhiji.
Malvinder, who has made his family richer by Rs 10,000 crore (Rs 100 billion), was brought up in relative austerity. While his cousins zipped around the town in fancy cars, he would travel to college in Delhi Transport Corporation (DTC) buses.
No one would have dreamt then that, in the space of a generation, Delhi would be challenging Mumbai to become the country's business capital.
One reform that Malvinder couldn't do was that of the company's board of directors. For long, doctors and scientists have been inadequately represented on the Ranbaxy board. The new owner will have to address this problem.
Ranbaxy chief Malvinder Singh and Max Healthcare chairman Analjit Singh on Monday said they have reached a settlement on the will of Ranbaxy founder Bhai Mohan Singh and decided to withdraw all cases against each other.
The bitter dispute in the Ranbaxy promoter family took an ugly turn on Wednesday with one section approaching the police against the other, alleging 'illegal construction' at the palatial family house in the heart of the city.
The deceased personnel, Bhailal (30) and Jairam (30), were in the bomb disposal squad vehicle of the Gujarat Police had taken a halt near Nathgram Ashram on Malkhanpur road under Sirsaganj area, when a speeding truck rammed into their vehicle, Superintendent of Police Rakesh Singh said.
A Delhi court on Friday directed the Central Bureau of Investigation to consider the plea of underworld don Chhota Rajan's sisters, who sought its permission to meet their brother currently in the probe agency's custody, on the occasion of 'Bhai Dooj', saying they have not met him for the past 27 years and wanted to bless him.
A US president graced the Republic Day parade in the first year of the Modi regime. Will another American prez turn up in the final year of the first Modi Sarkar?
The Zee saga will see a long-drawn-out court battle before shareholders get any chance to vote on any proposal by the management or Invesco, says Prosenjit Datta.
There are so many patriotic songs that make us proud to be Indians.
'If I had a chance to live it all again, I wouldn't change a thing.'
'India is home to the third-largest number of family-owned businesses in the world.' 'While everyone pays lip service to succession planning being entrenched in the functional DNA of family-owned business enterprises, it's still not an area of focus for a lot of family businesses', points out Shyamal Majumdar.
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