Analysts are expecting pharmaceutical companies to post sales growth of 10-11 per cent in the second quarter this financial year while the Ebitda (earnings before interest, tax, depreciation, and amortisation) margins are anticipated to improve by about 110 basis points. Ebitda improvement will be led by lower input costs because prices of active pharmaceutical ingredients (APIs) are 5-15 per cent lower year-on-year (Y-o-Y). Axis Capital said sales growth would be around 10 per cent, of which growth in the India market would be 11 per cent or so.
Five-time former Punjab chief minister and Shiromani Akali Dal patriarch Parkash Singh Badal, who was admitted to a private hospital in Mohali over a week ago, died on Tuesday. He was 95.
Fortis Healthcare may avoid a hurried response to counter Malaysian investment fund Khazanah's bid to acquire management control over Asia's largest health care chain Parkway Holdings from Fortis which holds the largest number of shares in Parkway.
Chimaji Appaji remains one of the foremost military generals of the Maratha Empire who inflicted a crushing defeat on the Portuguese.
We were aggressively expanding and investing heavily in various new hospital projects. But the global meltdown and crash of the markets put a lot of financial strain on us, says Habil Khorakiwala.
A deadly collision involving a gas tanker and multiple vehicles turned a stretch of the Jaipur-Ajmer highway here into an inferno on Friday morning, killing seven people, injuring more than 35 and engulfing over 30 vehicles in flames as thick black smoke filled the sky.
Sports Minister Kiren Rijiju also quashed the rumours and wished Milkha a speedy recovery.
Normal life was thrown out of gear in Kashmir on Saturday as most areas of the valley received snowfall, disrupting flight and railway operations and also leading to the closure of the Srinagar-Jammu National Highway, officials said.
India opener Ishan Kishan was admitted to a city hospital and underwent a brain scan after being struck on the head during the second T20I against Sri Lanka, in Dharamsala, on Saturday.
The Delhi high court on Tuesday said that in case there were no guidelines issued by the Centre, it expected the city government to expeditiously consider the issue of early re-testing of international travellers who test positive for COVID-19 on arrival.
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.
So far, over 30 people have died across Northeastern states due to heavy rainfalls, floods and landslides, according to media reports.
Both private and government hospitals have joined the protest, fighting for justice for the victim and demanding a security act for doctors.
Slated to become the second healthcare company after Apollo Hospitals to go public, Fortis will offload up to 25 per cent equity through the IPO. The rest will remain with the promoter family.
Fortis Healthcare Executive Vice-Chairman Shivinder Mohan Singh is stepping down from his position to join a philosophical and spiritual organisation.
Though the government claims there are more beds than needed, the national capital's COVID-19 reality, retold through social and other media, is also about the anguish of sons, daughters, wives and others trying desperately to get medical help for their unwell family members.
With Delhi witnessing an increase in swine flu cases, they have also advised people to follow the mask mandate and adhere to social distancing norms.
Here's a look at just some of the bigwigs who took the anti-Covid jab.
In a statement, Fortis said under the accepted offer, IHH would infuse Rs 4,000 crore through subscription to the preferential allotment at a price of Rs 170 per share. The Malaysian firm will then make a mandatory open offer to public shareholders for 26 per cent of the outstanding shares post issuance.
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).
The ongoing agitation has also led the Federation of All India Medical Association to warn that it would declare a nationwide "complete shutdown of medical services" if any "any harm befalls brave junior doctors".
The company will start construction on the 950-bed medicity tomorrow. It will be spread over 10.7 acres of land.
Hospital chain Fortis Healthcare's Rs 1,000 crore (Rs 10 billion) rights issue is likely to hit the market by October, with the firm taking fresh steps to realise the plan.
The Delhi Police on Sunday said it will question the estranged wife of the owner of the farmhouse, where actor-filmmaker Satish Kaushik attended a party a day before his death, following her allegation that her husband 'was planning to get rid' of him.
Earlier Milkha's golfer son Jeev had said that the decision to hospitalise him was a precautionary measure.
Earlier on Monday, two women Naxalites were killed and one CoBRA jawan was injured in an encounter during the same operation, they said.
The sector has expansion plans worth more than Rs 2,000 crore to increase their bed strength in response to robust demand. Fortis, which now manages 3,000 beds with a network of 26 hospitals, is planning to double capacity by 2012 with 40 hospitals. Apollo Hospitals, which has 7,500 beds in 43 hospitals in India and overseas, plans to add 2,000 beds in two years. Meanwhile, the 17-hospital Wockhardt chain will soon add hospitals at Kolkata, Mumbai and at Nasik in Maharashtra.
The oldest patient at the hospital is 83, while the youngest is a two-year-old child who suffered a concussion.
Non-emergency services, such as OPD and diagnostics, and elective surgeries at city-based health facilities, including at Centre-run AIIMS, Safdarjung hospital and RML hospital, are hit since Monday.
He felt dizzy late on Wednesday night and was taken to the Fortis Hospital in Gurugram, where he was declared "brought dead on arrival," they said.
The government on Saturday said a committee will be formed to propose safety measures for healthcare professionals even as OPD services were hit across the country as doctors joined the 24-hour nationwide strike called by the Indian Medical Association (IMA) to protest the alleged rape and murder of a trainee medic in Kolkata.
Pele posted a picture of him receiving the vaccination on Instagram giving a thumbs up sign.
With around 2 million Covid vaccine doses likely to get wasted in December, leading hospital chains have now started to give it gratis to citizens. Sohini Das and Ruchika Chitravanshi report.
Malaysia's sovereign fund Khazanah on Monday offered to acquire full control of Parkway at SGD 3.95 per share with rival India's Fortis Healthcare agreeing to sell its entire stake in the hospital chain.
Motherless baby Damini, who was admitted at a private hospital in Jaipur following government support, was discharged on Monday in a healthy condition.
Fortis Healthcare and its founders, the Singh family, on Thursday made a $2.3 billion (around Rs 11,000 crore) bid to acquire all the shares in Singapore-based hospital chain Parkway in response to an offer launched by Malaysian fund Khazanah.
Brajesh Mishra, the country's first National Security Adviser who played a key role in foreign policy matters and pushed for deeper engagement with the United States, died in New Delhi on Friday evening following a heart ailment.
"We are in a very comfortable situation today. The daily requirement of oxygen is 3.6 metric tonnes and we have about six tonnes available which will last for the entire day. It is quite a comfortable situation."
According to Rajeev Jayadevan, co-chairman, national Indian Medical Association Covid Task Force, the current scenario qualifies as a wave.
His COVID positive wife Nirmal Kaur (82), however, "continues to battle it out bravely," according to the spokesperson.
