Singh brothers' stake halves to 25.3% in Religare Enterprises

The promoters of hospital chain Fortis Healthcare have quietly reduced their stake by 25 per cent in small tranches over the last six months, even as the talk of a large stake sale keeps floating in the air. Billionaire brothers Malvinder Mohan Singh and ...

Godhwani exit comes at a time when the company’s fund raising plans and proposed related party transactions are under scrutiny, says N Sundaresha Subramanian. Sunil Godhwani, who oversaw the growth of Religare Enterprises from a small non-banking finance company, quit its board of directors on September 6, amid deepening trouble for the financial services major. He is the fourth director to quit in the past few months. This comes when the company’s fund raising plans and proposed ...

The babas' vote banks and the politicians' greed for en bloc votes is the curse of Punjab and Haryana, says Shekhar Gupta. If the context hadn't been so stark we would have found this question more perplexing: Which part of our country has the most godmen per square mile? It is, indeed, an unusual suspect, Punjab and Haryana. This region is known for much else in our country, but not really for such a preponderance of religion, spirituality and self-styled godmen. Not all are crooks. Some have ...

Shares of Fortis Healthcare closed 5.44 percent lower to trade at Rs 146 per share on Thursday after the Supreme Court refused to afford any relief to promoters Malvinder Singh and Shivinder Sing and lender banks of the company to part with their encumbered ...

Posted by Equitymaster Indian stock markets remained range-bound in lacklustre trade on Tuesday as market participants kept to the sidelines in the absence of clear triggers. At the closing bell yesterday, the BSE Sensex closed higher by 33 points and the NSE ...