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.
'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.
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.
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.
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.
Special Judge Rakesh Siyal directed that Jagdish Tytler face trial.
'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.
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.
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.
'Many of these patients arrive at emergency departments in distress, struggling to breathe and requiring immediate medical intervention.'
Both Fortis and Religare are controlled by billionaire brothers Malvinder Singh and Shivinder Singh, but are different companies in the healthcare business.
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.
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.
'RCB should take this chance. Somehow convince Rohit and make him the captain.'
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.
Chains such as Fortis generate a significant portion of their revenue through health insurance policy reimbursements.
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
Her sister, who was 13 at the time, later told Sonia about the violence and killings of people from the Sikh community following former prime minister Indira Gandhi's assassination, she said in Delhi on Saturday at a press conference commemorating the 40th anniversary of the riots.
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.
Meanwhile, the Congress' data analytics department chairperson Praveen Chakravarty on Tuesday wrote to Chief Election Commissioner Rajiv Kumar, seeking assembly-wise voter rolls in excel sheet format for the Lok Sabha elections and the assembly polls in Maharashtra.
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.
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.
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.
The relationship between the Singh brothers, erstwhile promoters of Fortis Healthcare, went sour after allegations of fund diversion from the healthcare chain emerged.
Fortis Healthcare Holding Ltd on Thursday announced a medicity in Lucknow spread across 52 acres in a township being developed by Ansal Properties & Infrastructure.
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).
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.
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.
Malvinder Mohan Singh and Shivinder Mohan Singh, the promoters of Fortis Healthcare, will acquire key subsidiaries of Hong Kong-listed Quality Healthcare Asia (QHA) for HK$1,541 million (approximately Rs 882 crore). QHA is the largest private integrated healthcare service platform in Hong Kong.
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.
Yarraji strikes gold in Netherlands
