Fortis to divest stake in Hoan My, Vietnam for USD 80 mn

Asian economies like India, China, Indonesia, Myanmar and Vietnam are driving this growth engine. Read Calendar Jun-2013 Economic Events Bank of Japan May 21-22 meeting minutes Food Prices (MoM) Results HDFC Bank | Bank of Baroda | Punjab Natl.Bank | Torrent ...

In an effort to reduce its debt pile further, Fortis Healthcare sold its 65 per cent stake in its Vietnam business, Fortis Hoan My Medical Corporation, to Viva Holdings Vietnam for $80 million or Rs 470 crore (Rs 4.7 billion). The company, which has debt of about Rs 6,000 crore (Rs 60 billion), is expected to bring it down by nearly half by the end of FY14 on the back of this latest deal, as well as completion of the sale of Dental Corporation, Australia. Consequently, the debt to equity ...

As India struggles to make sense of the recent military tensions on the border with China, Vietnam, at the receiving end of Beijing's muscular approach to maritime territorial disputes in the South China Sea, is embracing the United States. ...

Indian firm Tata power wins the US$1.8 contract to invest in Vietnam's Long Phu 2 thermal power plant Tata Power Co. Ltd, Indian's largest integrated power company, beat competitors from South Korea and Russia to sign a contract worth US$1.8 ...

Lyndon B. Johnson''s retaliation for India''s condemnation of the Vietnam war was swift

New Delhi, June 6: Four Indian warships anchored in Da Nang will sail out of the Tien Sa port for a rescue drill with the Vietnamese navy in waters that China contests, about the same time that defence minister A.K. Antony lands in New Delhi tonight after a ...

India's largest hospital chain Fortis Healthcare may sell its Vietnam and Hong Kong units for around Rs 2,100 crore, said a media report while spokesperson of the company refused to comment on the speculations. Media report said that Fortis which ...

India has dispatched four warships on a long overseas deployment through the strategic Malacca Strait to Malaysia, Vietnam and Philippines. NEW DELHI: India has dispatched four warships, including a frontline destroyer and a stealth frigate, on a long ...

East Bengal became the first Indian team to qualify for the AFC Cup knockout round with an unbeaten record, thrashing Vietnam outfit Sai Gon Xuan Thanh 4-1 in their concluding group H league at the Vivekananda Yubabharati Krirangan here on Tuesday. The ...