Upbeat about developing warmth in Indo-Pak relations, Apollo Health and Lifestyle is eyeing Pakistan to spread its network of clinics there.
Apollo Tyres has convened an extraordinary general meeting on December 15 at Kochi to seek approval for technical alliance with Michelin group of France to manufacture dual-branded radial truck and bus tyres.
Indian family-run business houses have in recent years seen ugly public spats between owners over control. But metals-to-ports conglomerate Essar's Ruia family seems to be an exception. Three generations of the Ruia family - founder brother Shashi and Ravi Ruia, their children and grandchildren - continue to live under one roof and jointly run the business empire.
The Hinduja group is learnt to be looking at alternative means of financing, including private credit, to fund its Rs 9,661 crore all-cash offer to acquire Reliance Capital. The regulator, Insurance Regulatory & Development Authority of India (Irdai), had earlier rejected the collateral offered by the group to raise funds. The Hinduja group was in talks with Barclays, JPMorgan, Cerberus Capital Management and Apollo Global Management to raise up to $850 million.
The three-month old lockout at Apollo Tyres's unit at nearby Kalamassery has been lifted and the factory will start functioning from Friday.
Apollo tyres lines up Rs 1,160 cr investment to set up manufacturing unit in Hungary to produce passenger car radials.
Telecom services provider Aircel announced its partnership with Apollo Hospitals to provide interactive healthcare services on mobile phones to users across the country.
Seeking quashing of the FIR, they told that the ACMM had issued summons against them, which is fixed for Friday. To this, Justice Khetrapal asked the ACMM to fix a new date.
The listing would help the company expand.
The group has a succession plan in place and all of Reddy's four daughters have well-defined roles.
Umesh Sharma (40) was the head of emergency medicine department of the premier hospital in south Delhi.
On June 19 evening, Upasana was admitted to the Apollo Hospital in Jubilee Hills, Hyderabad.
Apollo had made efforts to acquire Cooper Tire at the end of 2012.
Stock markets will be driven by quarterly earnings by index majors, global trends and the RBI's interest rate decision this week after digesting news on budget proposals and US Federal policy outcome, say analysts. The trading activity of foreign investors and the movement of global oil benchmark Brent crude would also dictate trends in equities. "On the domestic front, the MPC (Monetary Policy Committee) meeting is scheduled from February 6-8.
Apollo Tyres on Monday decided to offer 14.9 per cent stake to Michelin for Rs 129 crore (Rs 1.29 billion) and to set up a joint venture, which would be 51 per cent owned by the French firm, while the former would have 49 per cent holding.
The pharmaceuticals sector is expected to post a revenue growth of around 13.5 per cent and a net profit growth of 30.3 per cent for the third quarter of 2023-24 (FY24), riding on the approval for niche drugs in the US market, fall in raw material prices and correction in shipping rates. In the healthcare segment, hospitals are expected to post revenue growth of 13 per cent during the coverage, while net profit growth would be around 37 per cent, ICICI Securities said in a note. However, the performance may not be comparable on a sequential basis due to the offset of the festive season in Q3FY24, the analysts noted.
The share of foreign loans in total Adani group debt portfolio dropped to 61 per cent by September 2023 from 63 per cent as of March 2023, as the group repaid part of its foreign loans and refinanced part of older loans. The share of Indian lenders, on the other hand, rose to 39 per cent in the total debt pie in September 2023 from 37 per cent in March after a report by US-based short seller Hindenburg Research in January last year, which led to volatility in the share prices of group companies. The group's total debt remained static at Rs 2.26 trillion in the same period.
The Apollo group is planning to build a hospital in Africa in the next two years.
Apollo overtakes MRF to be the largest tyre maker.
Information and Broadcasting Minister Priyaranjan Dasmunsi, who is admitted in the All India Institute of Medical Sciences for the past eight days following a severe heart attack, was on Monday in a stable condition but still unconscious with no sign of a remarkable improvement.
The move comes after Neeraj Kanwar's reappointment as managing director was rejected by minority shareholders owing to his salary, which increased in spite of a fall in the company's profitability.
Rediff.com's Prasanna D Zore, Hitesh Harisinghani and Afsar Dayatar return moist-eyed, elevated, after spending an evening with clowns and derring-do stunt artistes at Rambo Circus.
The hospital said it had to act when faced with situations where a split second decision could make the difference between life and death.
Tyre stocks have been on a tear over the past six months, with average returns exceeding 45 per cent. Except for Apollo Tyres, which has seen a slight correction in the last month and a half, limiting its gains to 16 per cent, listed peers such as MRF, CEAT Tyres (formerly Cavi Elettrici e Affini Torino), and JK Tyre & Industries have delivered returns exceeding 30 per cent during this period. Production-related constraints and sluggish demand in Europe, where sales are expected to remain flat, coupled with high valuations, have contributed to Apollo Tyres' underperformance. The tyre sector's gains can be attributed to robust growth trends driven by the replacement market, which constitutes more than two-thirds of sales.
"An Aligarh court issued non-bailable warrant against Ratan Jalan, on charges of criminal breach of trust and cheating, following which a police team from Aligarh came to the city on Monday and arrested him," Banjara Hills Assistant Commissioner of Police V Ramakrishnaiah told PTI on Tuesday. Jalan is a resident of Srinagar Colony in Hyderabad.
Amid speculation that cardiologist Naresh Trehan may join Apollo Hospitals, Fortis Healthcare on Wednesday said the surgeon has quit its Escorts Heart Institute and Research Centre.
The integrated hospital and wellness centre would have four major service verticals -- medical cluster, wellness cluster, long-term care and education-R&D zone.
Apollo Tyres' $100 million project in joint venture with Michelin would begin production from early 2006, its chairman and managing director Onkar S Kanwar on Tuesday said.
This is the case even though the benchmark index is only 5 per cent below its all-time high. The list of stocks trading at a discount primarily consists companies in the automotive, banking, oil and gas, insurance, healthcare, and metal sectors.
It also asked why the data shared pertained to a period from April 2019 even though the scheme for anonymous political funding was introduced in 2017.
'There is not any negative connotation associated with it.'
Cops said the doctors deliberately gave false information regarding the presence of toxic substances in the body of Rahul.
The group wants to expand its drug store chain.
Indian tyre makers are expanding their capacities in the wake of international players flooding the Indian markets.
The questioning comes a day after police put three senior doctors -- Prasad Rao, Anupam Sibal and Mukund Pandey -- through intense interrogation for nearly nine hours to get details of the treatment given to Rahul.
Women's IM Mounika Akshaya and WGM Srija Seshadri were away for an evening walk and IM CRG Krishna was sleeping inside the room while burglars entered the apartment.
The Vikram lander was 100 kilometers away from LRO, near Manzinus crater in the Moon's south pole region, when LRO transmitted laser pulses toward it on December 12 last year.
From steel tycoon Lakshmi Mittal to billionaire Sunil Bharti Mittal's Airtel, Anil Agarwal's Vedanta, ITC, Mahindra and Mahindra, and a lesser-known Future Gaming and Hotel Services were among the prominent buyers of the now-scrapped electoral bonds for making political donations.
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