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Tuesday, March 31, 2020

Fortis Healthcare


Fortis CEO plans cost cuts of 20% to nurse it back to health

August 20, 2019 1:15 pm

“This is the new Fortis,” he said, pointing to his own office as an example, where all the furniture had been replaced with a conference table so the space can double as a meeting room. “Simple, uncluttered and transparent.”

Malvinder and Shivinder Singh and the ‘missing’ funds of a billion-dollar empire

April 15, 2019 7:02 am

The Indian Express reviews various allegations raised over the last year of diversion of funds previously held by the ex-promoters of Fortis and Ranbaxy.

SC to Fortis ex-promoters: How do you plan to secure Daiichi's Rs 3,500 crore award?

March 15, 2019 12:13 am

Chief Justice of India Ranjan Gogoi asked the brothers to give a concrete plan on how they would comply with the tribunal’s order.

Families of Ethiopian plane disaster victims steel themselves for journey to crash site

March 14, 2019 1:00 pm

After the brief Q and A session, the Ethiopian mourners filed silently out of the room and slowly boarded the convoy of eight Ethiopian Airlines buses. The mourners looked like travelers themselves. Except they carried no luggage, only items to honour the dead in their final resting place.

‘Ability to leverage out Fortis from banks remains a challenge’

March 02, 2019 3:39 am

Following an infusion of over Rs 4,000 crore to pick up 31.1 per cent stake in Fortis, the hospital group on December 11 announced that IHH was initiating an open offer for an additional 26 per cent stake in the firm.

Supreme Court summons Malvinder and Shivinder to appear on March 14

February 27, 2019 2:11 am

“The Court would like to have the personal presence of respondent nos. 2 and 4 ... alongwith their affidavits on the next date fixed i.e. 14.3.2019,” stated the court in its order Tuesday. The Indian Express has viewed a copy of this order.

On Daiichi plea: SC puts Fortis sale to IHH Healthcare on hold

December 15, 2018 3:16 am

The order for maintaining status quo till further orders of the apex court means that IHH Healthcare, which had in July won the bidding war for Fortis with its Rs 4,000-crore offer, will have to wait and can’t go ahead with its open offer which was scheduled to commence from December 18.

Sebi to Fortis Healthcare: Recover Rs 403 crore from Singh brothers, 8 other entities

October 18, 2018 2:51 am

The capital market regulator has also ordered the Singh brothers to not associate themselves with the affairs of Fortis Healthcare in any manner till further directions.

NCLT allows Shivinder to withdraw petition against brother Malvinder Singh

September 15, 2018 1:07 am

A counsel for Religare Enterprises, which was also a respondent in the case, said there were allegations against the company of siphoning off of funds by the Singh brothers.

Long gaps between meals can boost health, longevity

September 08, 2018 4:33 pm

The findings may encourage future studies on how these types of time-restricted eating patterns might help humans to maintain healthy weight and reduce some common age-related metabolic disorders.