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.
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.
Fortis Global Healthcare Holdings on Wednesday said it will acquire 30 per cent stake in Australia's Dental Corporation for about AUD 100 millions (about Rs 450 crore).
Pinky Irani alias Angel, 53, was arrested in this case by the agency in December last year. She was recently granted bail by a Delhi court.
Slamming Union Agriculture Minister Radha Mohan Singh's reply in Parliament on farmers' suicide, Deve Gowda said it was the worst statement made by the agriculture minister.
Malvinder Mohan Singh and Shivinder Mohan Singh, the promoters of financial services firm Religare Enterprises, will spend Rs 857 crore to acquire another 8 per cent in the company through a preferential allotment of shares and purchases from the open market.
Radha Mohan Singh appointed in-charge of politically crucial UP. Kailash Vijayvargiya will continue to be the in-charge of West Bengal and he will be assisted by BJP national secretary Arvind Menon and party national IT cell head Amit Malviya.
Financial services group Religare Enteprises Ltd on Tuesday announced a top level management rejig with promoters - incumbent Chairman Malvinder Mohan Singh and his younger brother Shivinder Mohan Singh - stepping down as members of the board.
Ranbaxy did its maiden public issue in 1973.
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
Samajwadi Party on Wednesday appointed Mohan Singh as its general secretary and spokesman in place of Amar Singh and he lost no time in demanding the resignation of the dissenting leader from Rajya Sabha on moral grounds.
'... And I don't think it really is that despite a lot going wrong.' 'Naiveté or stupidity or trusting the wrong person, the outcome is the same, which is that the group has gone to trash.' 'I'm not OK with people saying I had a role to play in crooking the system, which is not what I did.'
Mann, 48, is a two-time MP from Sangrur and is the party's state unit chief.
He was detained on the intervening night of Thursday and Friday in Ludhiana and was formally arrested on Friday morning after he was brought to New Delhi by a team of the Economic Offences Wing, Additional Commissioner of Police (EOW) O P Mishra said.
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 exercise, Agriculture Minister Radha Mohan Singh said, will help ease any possible impact of sub-par rainfall on farmers.
The high court imposed various bail conditions on him, including that he shall not tamper with the evidence or influence witnesses, directly or indirectly.
In some Bihar constituencies, candidates named Ram are fighting each other.
In Motihari, his kin, however, were critical of the media for airing such footage.
The previous board of Fortis Healthcare had links with Singh brothers and there was an investigation by law firm Luthra and Luthra into Rs 472 crore that was diverted into other companies.
The Zee saga will see a long-drawn-out court battle before shareholders get any chance to vote on any proposal by the management or Invesco, says Prosenjit Datta.
Hazare, 81, had started his indefinite fast on January 30 over appointment of anti-corruption watchdogs.
Malvinder, who has made his family richer by Rs 10,000 crore (Rs 100 billion), was brought up in relative austerity. While his cousins zipped around the town in fancy cars, he would travel to college in Delhi Transport Corporation (DTC) buses.
Bharatiya Janata Party vice president Radha Mohan Singh on Tuesday dismissed speculation over any change of leadership in Uttar Pradesh and called the state government's handling of the Covid pandemic "unparalleled". Singh and BJP's national general secretary (organisation) B L Santhosh are on a three-day visit to Lucknow, meeting party leaders on "preparations to fight Covid" and what participants called "organisational" issues.
Only three seats, which were among 12 constituencies where Uttar Pradesh Chief Minister Yogi Adityanath addressed rallies, were bagged by the BJP.
When you are the leader, you have to set the pace for the industry
In 2014, Sun Pharma agreed to buy Ranbaxy -- which was then controlled by Daiichi.
Seizing on Prime Minister Narendra Modi's poll promise of 'bigger than Rs 50,000-crore' financial package for Bihar, Shiv Sena president Uddhav Thackeray on Saturday said.
Top party leaders, including those from states, are likely to arrive at the BJP headquarters to file nominations in support of Nadda, who has long been seen as the choice of Prime Minister Narendra Modi and Shah for the job.
Facing arbitration claims by Daiichi Sankyo, Ranbaxy's former Indian promoters - Malvinder Mohan Singh, his brother Shivinder Mohan Singh and family - are counting on certain clauses in the share purchase agreement (SPA) signed with the Japanese company on June 11, 2008, to claim immunity from damages.
Tamanna Hashmi, a social activist, filed the complaint in the court of Chief Judicial Magistrate Hari Prasad, alleging that the minister had said that the farmers' protests were attempts to grab media attention, and sought a direction for issuing summons to Singh.
Daiichi alleged that Singh brothers had concealed and misrepresented critical information concerning US Food and Drug Administration and Department of Justice investigations into Ranbaxy
A section of BJP leaders is of the view that the leadership may spring a surprise with its choice for the post by appointing someone from southern India.
In comments that are bound to snowball into a controversy, Union Minister of State for Agriculture Radha Mohan Singh on Friday attributed farmer suicides to dowry, love affairs and impotency.
Jagat Prakash Nadda was elected unopposed as the Bharatiya Janata Party national president on Monday after he emerged as the only leader in the fray following the nomination process in which his candidature was endorsed by top party leaders.
Facing opposition tirade over the land bill, the Bharatiya Janata Party on Tuesday asked its MPs to go all-out to counter the "disinformation propaganda" by the Congress party and others on all issues even as Prime Minister Narendra Modi lauded Agriculture Minister Radha Mohan Singh's strong retort on farmers' issue.
