On Wednesday, Daiichi Sankyo's lawyers argued for a stay on stake sale by Fortis, which was opposed by counsels of the hospital chain and promoter entities.
Forty years after the 1984 anti-Sikh riots, a Delhi court on Friday ordered framing of charges for murder and other offences against Congress leader Jagdish Tytler in a case related to the killing of three people in north Delhi's Pul Bangash area during the violence.
Special Judge Rakesh Siyal directed that Jagdish Tytler face trial.
'Many of these patients arrive at emergency departments in distress, struggling to breathe and requiring immediate medical intervention.'
'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.
Forty years after the Bhopal gas tragedy, 377 tons of hazardous waste has been shifted from the defunct Union Carbide factory for its disposal, an official said.
In its investor presentation, IHH said it wanted to develop Fortis into a market leader.
Ranbaxy Group company Fortis Healthcare Ltd on Monday said it plans to have 25 hospitals across the country in the next three years and is looking into the possibility of tapping the capital markets for expansion.
In a year bookended by intractable conflicts and geopolitical fragmentation, India focused on ramping up military prowess by broadly firming up defence procurement worth Rs 4.22 lakh crore even as Indian and Chinese militaries completed pulling back their troops from border face-off points in eastern Ladakh.
The opposition on Sunday asked the Centre to allow discussions in the Parliament on the United States prosecutors' bribery charges against the Adani Group even as Union minister Kiren Rijiju made it clear that the matters to be taken up in the two Houses will be decided by their authorised committees with the consent of the respective Chair.
Fortis International has made seven acquisitions in 10 markets.
The group currently boasts a total strength of 8,000 beds and 56 multi-specialty hospitals across the globe.
Ranbaxy Group company Fortis Healthcare is targeting a pan-India presence with plans to set up 40 super-speciality hospitals by 2010.
Fortis Healthcare Chairman Malvinder Mohan Singh on Wednesday said it planned to launch an IPO for its diagnostics business unit, Super Religare Laboratories (SRL), in 2011. SRL had acquired the diagnostics business of Piramal Healthcare for Rs 600 crore in the first quarter of this financial year.
Fortis Healthcare Limited, part of Ranbaxy Group, has announced plans to increase the number of its hospitals from 10 to 25 in the next 3 to 4 years, with a vision to set up a world class super speciality network.
Fortis Healthcare has already received binding offers from four entities - KKR-backed Radiant Life Care, IHH Healthcare, Manipal/TPG consortium, and Munjal and Burman family offices.
An average voter turnout of 20 per cent was recorded in the first four hours of voting in the bypolls to 15 assembly seats spread across Uttar Pradesh, Punjab, Kerala and Uttarakhand on Wednesday amid an incident of stone pelting in a village in UP's Meerapur and allegations of police personnel deterring voters from casting their ballot.
Both private and government hospitals have joined the protest, fighting for justice for the victim and demanding a security act for doctors.
Fortis Global Healthcare on Thursday said it has acquired a specialised under construction cancer hospital in Singapore from First Real Estate Investment Trust for a consideration of SGD 33 million (over Rs 115 crore).
Move comes within months of acquiring Wockhardt hospitals. Fortis Healthcare, a hospital chain promoted by former Ranbaxy owners Malvinder Mohan Singh and Shivinder Mohan Singh, is close to a major acquisition overseas
Security agencies searched over 100 hospitals and malls in the national capital after they received bomb threat emails on Tuesday. However, it turned out to be a hoax as nothing suspicious was found, officials said.
Security was beefed up as agencies swept the airport terminals after the emails were received around 12.40 pm from the ID exhumedyou888@gmail.com.
Forty domestic companies, including the Videocon group, Jindal Power and Tata Power, have formed a group to convince the central government to allow private participation in generation of civilian nuclear energy.
The relationship between the Singh brothers, erstwhile promoters of Fortis Healthcare, went sour after allegations of fund diversion from the healthcare chain emerged.
Hospital chain Fortis Healthcare on Thursday said it is acquiring 23.9 per cent stake in the Singapore-based healthcare firm Parkway Holdings for about $685.3 million (nearly Rs 3,100 crore).
Study suggested that constant use of Semaglutide may be linked to development of a condition called non-arteritic ischemic optic neuropathy.
Fortis and noted cardiologist Naresh Trehan seem to be heading toward an out-of-court settlement, with the warring factions saying they are trying to reach an amicable solution.
The company will start construction on the 950-bed medicity tomorrow. It will be spread over 10.7 acres of land.
Forty-five specialists will soon be joining key posts of joint secretaries, directors and deputy secretaries in different central ministries as part of the Modi government's ambitious plan to infuse fresh talent to further improve ease of governance.
The company will use the proceeds to fund its expansion plan and repay debt.
Essel Group, Reliance Jio, Fortis and 17 others on Thursday signed initial pacts to invest over Rs 39,000 crore (Rs 390 billion) in Uttar Pradesh, with Chief Minister Akhilesh Yadav promising the investors all possible support.
DLF has entered into an agreement for floating a joint venture with Ranbaxy group company Fortis Healthcare to set up hospitals across the country with about Rs 6,200 crore (Rs 62 billion) of investments.
UK based Trinity Capital (Eight) Limited has increased its stake in Ranbaxy group promoted Fortis Healthcare Limited (FHL) to four per cent from one per cent, through an additional investment of Rs 87 crore.
Rekha Jhunjhunwala's net worth has increased by more than 7 per cent, or Rs 2,865 crore, compared to less than 1 per cent rise in the BSE Sensex.
'I feel like we are so lucky to be here giving this happiness to people back home. We hardly see these kind of events back home where they could celebrate and enjoy those moments. That's something which really, really satisfies me.'
'Every hospital now tracks length of stay closely.' 'More efficiency is brought into the system now.'
Senior advocate Prashant Bhushan, who appeared for the petitioners in the court, said at least 30 shell companies purchased electoral bonds worth over Rs 143 crore.
Better margins, lower interest outgo could see the company turn profitable in FY15.
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.
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