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PB Jayakumar
New Delhi, July 23, 2018
Most leading hospitals are struggling to make profits. At the same time, new formats, specialties and technology assisted ventures are coming up with a promise of transforming the sector.


Mail Today Bureau
July 14, 2018
The Fortis board of directors picked up IHH offer to infuse Rs 4,000 crore by way of subscription to preferential shares, over rival TPG-Manipal consortium's offer that included Rs 2,100 crore infusion and merger of Manipal Hospitals with Fortis Healthcare.


BusinessToday.In
July 13, 2018
In a regulatory filing Fortis Healthcare disclosed that its board had decided to recommend the binding investment proposal from IHH Healthcare Berhad (IHH) to invest Rs 4,000 crore by way of preferential allotment at a price per share of 170.


PTI
July 11, 2018
The company had received binding bids from Malaysia's IHH Healthcare and Manipal-TPG combine on July 3, the last day of submission of fresh round of bids called by a newly constituted board.


BusinessToday.In
New Delhi, July 9, 2018
IHH Healthcare will first buy around 25 per cent in FHL through a mix of direct acquisition and preferential allotment, which cost around Rs 2,200-2,400 crore.


PTI
New Delhi, July 7, 2018
The audited results for the March quarter and FY 18 are in line with the unaudited numbers released on June 27. In its unaudited financial numbers, Fortis had reported widening of consolidated net loss to Rs 914.32 crore in Q4 FY18.


BusinessToday.In
New Delhi, July 5, 2018
Ever since Bhavdeep Singh was roped in as CEO by the country's second-largest hospital chain, its losses rose from Rs 73.6 crore in 2015-16 to Rs 74.7 crore in 2016-17.


Mail Today Bureau
July 4, 2018
In a regulatory filing, Fortis Healthcare said it has fresh binding bids without specifying details. The Board of Directors of the company received binding Bids on July 3, 2018. The bids will be evaluated by the board in consultation with its advisors.


PTI
New Delhi, July 3, 2018
As per the fresh criteria, which was put up by the Fortis board on May 29, the potential buyer had to make a minimum investment of Rs 1,500 crore into Fortis Healthcare by way of preferential allotment.


BusinessToday.In
July 3, 2018
IHH today issued a letter to board of Fortis setting out a binding offer, which supersedes and replaced enhanced revised proposal.


BusinessToday.In
New Delhi, June 29, 2018
As per the criteria set by the company, the buyer has to make a minimum investment of Rs 1,500 crore in FHL by way of preferential allotment.


BusinessToday.In
New Delhi, June 27, 2018
The total impairment loss for the year was pegged at around Rs 327 crore, including Rs 125 crore on account of FHL's investments in Escorts Heart Institute and Research Center.


PTI
New Delhi, June 15, 2018
On Thursday, the healthcare chain had said that it is withdrawing the scheme due to delay in completion of the process and strong headwinds in the sector.


PTI
June 14, 2018



BusinessToday.In
June 8, 2018
Fortis Healthcare's due diligence by suitors has reportedly unearthed unpaid vendors' bills of Rs 450 crore and a penalty on its subsidiary Fortis Escorts Heart Institute that's to the tune of Rs 503 crore.


BusinessToday.In
New Delhi, June 1, 2018
Fortis Healthcare has shortlisted four entities to participate in the fresh round of bidding process for the sale of its business. These four parties include the Munjal-Burman combine, Manipal-TPG consortium, Malaysia's IHH Healthcare Berhand and Radiant Life Care.


BusinessToday.in
New Delhi, May 30, 2018
AirAsia CEO Tony Fernandes booked by CBI for violating aviation normsThe CBI has booked AirAsia CEO Tony Fernandes and several others for allegedly violating aviation norms. The crime branch is also carrying out searches at six locations. On Tuesday, the CBI said that they booked these officials over alleged violation of aviation norms, namely the 5/20 rule for getting international flying licenses as well as violation of Foreign Investment Promotion Board (FIPB) rules. The 5/20 rule essentially states that in order to be eligible for international flying licenses, aviation companies would need 5 years of experience and 20 aircraft. AirAsia Group CEO Tony Fernandes allegedly lobbied with government servants for clearances, removal of existing 5/20 rule of aviation and change in regulatory policies, the agency has alleged.Insolvency order against Anil Ambani's firms: RCom offers Rs 500 cr upfront payment to EricssonAfter Swedish networking company Ericsson decided to take the fight over non-payment of dues worth Rs 978 crore with debt-ridden RCom to the NCLT, the beleaguered telecom company on Tuesday came out with a fresh offer of Rs 500-crore upfront payment to Ericsson to settle the matter. RCom on Monday moved the National Company Law Appellate Tribunal (NCLAT) against the NCLT order to admit an insolvency petition filed by Ericsson against the company. The appellate tribunal has now suggested the matter to be solved between the parties, if they wish to do so, and listed the matter for a hearing.  RCom and its two subsidiaries -- Reliance Infratel Limited and Reliance Telecom Limited -- owe around Rs 978 crore to Ericsson.Coca-Cola's first alcoholic drink, Lemon-Do, now on shelves in Kyushu, JapanDiscounting its beginnings as a cocaine-and-wine concoction, and its short-lived wine arm in the 1970s, Coca-Cola largely stayed away from the business of delivering a high in its 125-year history. The company has now launched its first-ever alcoholic drink, Lemon-Do, in Japan. According to AFP, the new fizzy, lemon-flavoured concoction laced with spirits seeks to capitalise on the growing popularity of \"chuhai\" alcopops, enjoyed especially by young Japanese women. Lemon-Do drinks - containing three, five and seven per cent alcohol - is now available only in the southern Kyushu region of JapanFortis initiates fresh bidding; invites 3 companies to take part in processFortis Healthcare today decided to initiate a fresh, time-bound bidding process for its sale and terminated the offer from Munjal-Burman combine that was earlier accepted by the company's board. The move comes a day after the Munjal-Burman combine had given their consent to re-open the bidding process. After its two-day meeting that began on Monday, the Fortis board has decided to initiate a fresh, time-bound process to optimise the company's and shareholders' short and long term interests, according to a regulatory filing.Petrol, diesel prices in India: relief for consumers as fuel rates slashedIn a much needed relief for people across the country, petrol prices were slashed by 59 paise in Mumbai and 60 paise in Delhi today, according to ANI report. Meanwhile, Diesel prices went down by 59 paise in Mumbai and 56 paise in the national capital. On Wednesday, Petrol prices stand at Rs 77.83 per litre in Delhi and Rs 85.65 per litre in Mumbai. The price of Diesel is now down to Rs 68.75 per litre in Delhi and Rs 73.20 per litre in Mumbai. The rates went down after it has been learnt that rising prices of fuel are likely to weigh on the Reserve Bank's rate-setting panel, Monetary Policy Committee (MPC), at its 3-day meet from June 4. This is the first time that the Monetary Policy Committee will meet for three days due to \"administrative exigencies\".


BusinessToday.In
New Delhi, May 29, 2018
After its two-day meeting that began on Monday, the Fortis board has decided to initiate a fresh, time-bound process to optimise the company's and shareholders' short and long term interests.


PTI
May 29, 2018



PTI
May 29, 2018



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