Singh brothers welcome Manipal Hospitals Fortis Healthcare tak...

Over-expansion, bad management, and multiple allegations irreparably taint Malvinder and Shivinder Singh What do you get when two brothers, third-generation scions of a business house with a solid reputation, exit their stake in their flagship company for $2.4 billion? Such inheritors who leverage cash, industry know-how and pedigree to step bravely into the future would be the ideal answer.   However, the sad reality is that Malvinder and Shivinder Singh have all but destroyed the very ...

Fortis Healthcare has also come under the lens of markets regulator Sebi, which launched an investigation into the alleged regulatory lapses BS Web Team Last Updated at February 20, 2018 11:04 IST Shivinder Mohan Singh (left) and Malvinder Mohan Singh (right) ...

Billionaire Malvinder Mohan Singh and his younger brother Shivinder Mohan Singh, founders of Fortis Healthcare, resigned from the company's board on Thursday. A late night Bombay Stock Exchange (BSE) filing announced the stepping down of the promoters.

Yes Bank has acquired 17.31 % stake in Fortis Healthcare following invocation of nearly 9 crore pledged shares last month. In a regulatory filing, Fortis Healthcare said, "Yes Bank has acquired 8,97,81,906 equity shares having nominal value of Rs 10 per share ...

FC Bureau City: Mumbai Fortis Healthcare, which on Thursday reported a consolidated net loss of Rs 19.10 crore for the December 2017 quarter against a profit of Rs 453.29 crore in the year-ago period, said it will hire an external legal firm to probe into ...

The court also restrained RHC Holdings from operating its bank accounts except for payment of salaries and statutory dues till March 23, the next date of hearing. Image: Malvinder Singh (L), chief executive of Ranbaxy, speaks as Takashi Shoda, president and CEO of Daiichi Sankyo watches. Photograph: Danish Ismail/Reuters The Delhi high court on Monday ordered the attachment of all unencumbered assets of two holding companies of former promoters of India's Ranbaxy Laboratories Ltd to execute the ...

Posted by Equitymaster Asian stocks rose in morning trade on Monday, after the US's S&P 500 extended its winning streak on Friday to six days. Markets in the Greater China region remain closed for the Lunar New Year holiday. Japan's Nikkei 225 rose 1.13% in ...

Diversified financial services firm Religare Enterprises today said it has inducted three new board members and plans to raise Rs 1,200 crore through mix of equity and debt.The announcement comes close on the heels of the resignation of promoters Malvinder ...

Tighten corporate governance and protect investors’ interests Governance issues have hit Indian companies over the years. Several promoters have misused investors’ funds to their personal advantage and hugely profited as a result. The latest to hit the ...