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 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.
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.
The Enforcement Directorate (ED) on Thursday arrested former Fortis Healthcare promoter Shivinder Mohan Singh in a money laundering case related to the alleged misappropriation of funds at Religare Finvest. A team of ED officials went to Tihar Jail and placed Singh under arrest as per the provisions of the Prevention of Money Laundering Act.
Fortis is reportedly close to acquiring 10 hospitals of healthcare major Wockhardt for up to Rs 1,200 crore (Rs 12 billion) and an announcement could be made anytime now.
ISRO is part of an exclusive league which has forayed into the Moon and Sun.
He won two terms in office, which was a stunning feat for a leader who used his silence as the most vocal weapon to change the economy and the lives of a billion people, asserts Tarun Vijay, former BJP MP and former Chief Editor, Panchjanya, the RSS weekly.
After the 1962 War with China, there was a demand to forge greater defence cooperation between India and the West. One such voice was that of Sudhir Ghosh, a distinguished MP, to tie up strategic cooperation with the USA immediately after the Chinese attack on India, recalls Rup Narayan Das.
Earlier on Monday, two women Naxalites were killed and one CoBRA jawan was injured in an encounter during the same operation, they said.
The first phase of the three phase Jammu and Kashmir elections will be held on Wednesday, September 18, 2024.
Both Fortis and Religare are controlled by billionaire brothers Malvinder Singh and Shivinder Singh, but are different companies in the healthcare business.
High nitrate levels have been found in groundwater of 440 districts across India, with 20 per cent of the samples collected exceeding the permissible nitrate concentration, the Central Ground Water Board (CGWB) has said in a report.
Chains such as Fortis generate a significant portion of their revenue through health insurance policy reimbursements.
Bypolls will be held on Wednesday in 15 assembly seats spread across Uttar Pradesh, Punjab, Kerala and Uttarakhand. The bypolls, however, will not have any direct impact on the respective legislative assemblies. The results will be declared on November 23. In Uttar Pradesh, polling will be held in Katehari, Karhal, Meerapur, Ghaziabad, Majhawan, Sisamau, Khair, Phulpur and Kundarki. Ninety candidates are in the fray in these seats with the maximum of 14 in Ghaziabad. This will be the first electoral test of the INDIA bloc as well as the NDA in the politically-crucial state after the Lok Sabha elections. In Punjab, bypolls will be held in four assembly seats - Gidderbaha, Dera Baba Nanak, Chabbewal (SC) and Barnala. The bypolls were necessitated after MLAs representing them were elected to the Lok Sabha. Polling will also be held for the Palakkad seat in Kerala and Kedarnath in Uttarakhand.
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).
Fortis Healthcare plans to set up a sports science institute and build at least 10 more hospitals ahead of 2010 Commonwealth Games.
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.
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
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.
'Peninsular Indians could ask 'Why should we contribute half of India's tax revenues if we account for only a quarter of the seats in the Lok Sabha?'.' 'The rest of the country seems likely to counter that 'democracy means one vote per person irrespective of where that person resides in India'.' 'With no easy answers to this thorny debate, the south's economic ascendancy could end up creating a Hobson's choice.' A revealing excerpt from Nandita Rajhansa and Saurabh Mukherjea's book, Behold the Leviathan: The Unusual Rise of Modern India.
Special Judge Rakesh Siyal directed that Jagdish Tytler face trial.
A 32-year-old man chargesheeted in the deadly terror attack on a Central Reserve Police Force (CRPF) convoy in Jammu and Kashmir's Pulwama district five years ago has died of a heart attack in the Government Medical College Hospital in Jammu, officials said.
Cites long delays in reimbursement; Medanta, Max may follow suit.
These centres will undertake stem cell clinical research procedures relating to diabetes, cancer, cardiovascular disease, and neurological ischemia.
'Many of these patients arrive at emergency departments in distress, struggling to breathe and requiring immediate medical intervention.'
Earlier on Wednesday, a committee formed by the Haryana government found criminal negligence on the part of the hospital, causing the death of the seven-year-old girl, who was suffering from dengue.
'Does 99 percent guarantee character and capacity for an independent awareness of life or does it make you -- barring exceptions -- a compliant careerist beholden to governments and corporations?' 'What kind of political and social choices would such minds make?' asks Shyam G Menon.
The relationship between the Singh brothers, erstwhile promoters of Fortis Healthcare, went sour after allegations of fund diversion from the healthcare chain emerged.
'RCB should take this chance. Somehow convince Rohit and make him the captain.'
Fortis Healthcare Holding Ltd on Thursday announced a medicity in Lucknow spread across 52 acres in a township being developed by Ansal Properties & Infrastructure.
Chess governing body FIDE's general assembly agreed to consider lifting parts of a ban on Russian and Belarusian players imposed after Moscow invaded Ukraine in February 2022, in a vote on Sunday in Budapest.
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.
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).
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.
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.
A cross-border takeover thriller that not only saw corporate action but also diplomatic dealings and slugfests among bankers.
