Fortis Healthcare

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Fortis Healthcare - Total results - 112
COVID-19 pandemic: Private hospitals in India running losses, despite ‘high’ prices
India

COVID-19 pandemic: Private hospitals in India running losses, despite ‘high’ prices

The stark difference between treatment costs at private and public hospitals during the pandemic has rekindled the debate: How is it that private hospitals, despite their exorbitant bills, claim that they are charging patients their best

Religare Finvest case:  Delhi High Court rejects ex-Fortis promoter Shivinder Singh's bail plea
Business

Religare Finvest case: Delhi High Court rejects ex-Fortis promoter Shivinder Singh's bail plea

The Delhi High Court on Tuesday rejected the bail plea of ex-Fortis promoter Shivinder Mohan Singh, arrested for alleged misappropriation of funds from Religare Finvest Ltd (RFL)

Religare Finvest money-laundering case: Court extends ED custody of ex-Fortis Healthcare promoter Malvinder Singh
Business

Religare Finvest money-laundering case: Court extends ED custody of ex-Fortis Healthcare promoter Malvinder Singh

A court here on Monday extended the custodial interrogation of former Fortis Healthcare promoter Malvinder Singh and former CMD of Religare Enterprises Ltd Sunil Godhwani by a week in a money laundering case lodged by ED, in relation to alleged misappropriation of funds of Religare Finvest Ltd (RFL)

Fortis Healthcare says exploring legal options to address contempt notice by Supreme Court
Business

Fortis Healthcare says exploring legal options to address contempt notice by Supreme Court

Fortis Healthcare on Monday said it is exploring legal means with respect to the Supreme Court judgment that found the company guilty of contempt for violating the court's earlier order

Daiichi Sankyo case: SC holds former Ranbaxy promoters Malvinder, Shivinder Singh guilty of contempt of court
Business

Daiichi Sankyo case: SC holds former Ranbaxy promoters Malvinder, Shivinder Singh guilty of contempt of court

The Supreme Court on Friday held former Ranbaxy promoters Malvinder Singh and Shivinder Singh guilty of contempt of court for violating its order asking them not to divest their shares in Fortis Healthcare Limited

ED arrests former Fortis promoter Malvinder Singh, ex-REL CEO Sunil Godhwani in Religare Finvest fraud case
Business

ED arrests former Fortis promoter Malvinder Singh, ex-REL CEO Sunil Godhwani in Religare Finvest fraud case

The ED on Thursday arrested former Fortis Healthcare promoter Malvinder Singh and former CMD of Religare Enterprises Ltd (REL) Sunil Godhwani in a money-laundering case related to alleged misappropriation of funds of Religare Finvest Ltd (RFL)

Religare Finvest fraud case: Delhi court extends police custody of Singh brothers, Sunil Godhwani by two days
Business

Religare Finvest fraud case: Delhi court extends police custody of Singh brothers, Sunil Godhwani by two days

Besides the Singh brothers, the court extended by two days the police custody of Sunil Godhwani, another accused in the Religare fraud case.

Religare fraud case: Delhi court grants 4-day custodial interrogation of Singh brothers, 3 others
Business

Religare fraud case: Delhi court grants 4-day custodial interrogation of Singh brothers, 3 others

Former Fortis Healthcare promoters Malvinder Singh, his brother Shivinder Mohan Singh and three others, arrested for allegedly misappropriating funds of Religare Finvest Ltd (RFL) and causing it losses of Rs 2,397 crore, were produced before a Delhi court on Friday

Delhi Police's EOW arrests former Ranbaxy promoter Shivinder Singh, three others in alleged fraud case
Business

Delhi Police's EOW arrests former Ranbaxy promoter Shivinder Singh, three others in alleged fraud case

The Delhi Police on Thursday arrested former promoter of Fortis Healthcare Shivinder Singh and three others in an alleged fraud case, officials said

Fortis acquisition: IHH Healthcare says it 'understands concerns' of minority shareholders over delay in open offer
Business

Fortis acquisition: IHH Healthcare says it 'understands concerns' of minority shareholders over delay in open offer

Malaysian firm IHH Healthcare on Friday said it "understands the concerns" of the Fortis Healthcare's minority shareholders over the delay in the open offer but stressed that it would proceed with the offer only when the stay is lifted by the Supreme Court

Ranbaxy promoters Malvinder, Shivinder Singh diverted funds despite order to maintain stakes, Daiichi Sankyo tells SC
Business

Ranbaxy promoters Malvinder, Shivinder Singh diverted funds despite order to maintain stakes, Daiichi Sankyo tells SC

The Supreme Court had earlier expressed displeasure at the replies of Malvinder and Shivinder to its directive to submit a plan for paying Rs 4,000 crore to Daiichi Sankyo, as awarded by a Singapore tribunal.

Fortis Healthcare appoints Ashutosh Raghuvanshi as MD and CEO; to help firm achieve profitability, growth objectives
Business

Fortis Healthcare appoints Ashutosh Raghuvanshi as MD and CEO; to help firm achieve profitability, growth objectives

At Fortis, Raghuvanshi will be responsible for the day-to-day management decisions of the company and for implementing its long- and short-term plans, the filing said.

SC asks Malvinder Singh and Shivinder Singh to submit concrete plan for paying Rs 3,500 cr to Daiichi Sankyo
Business

SC asks Malvinder Singh and Shivinder Singh to submit concrete plan for paying Rs 3,500 cr to Daiichi Sankyo

The Supreme Court on Thursday asked former Ranbaxy promoters Malvinder Singh and Shivinder Singh to submit a concrete plan for paying Rs 3,500 crore to Daiichi Sankyo as directed by a Singapore tribunal

SC asks Ranbaxy’s former promoters Singh brothers how they plan to pay Rs 3,500 cr to Daiichi Sankyo
Business

SC asks Ranbaxy’s former promoters Singh brothers how they plan to pay Rs 3,500 cr to Daiichi Sankyo

The SC, on 14 December last year, had ordered status quo with regard to the sale of controlling stakes of Fortis Healthcare.

Malvinder Singh alleges spiritual leader Gurinder Singh Dhillon used money from Ranbaxy stake sale to buy properties
Business

Malvinder Singh alleges spiritual leader Gurinder Singh Dhillon used money from Ranbaxy stake sale to buy properties

Malvinder Singh, in his complaint filed with the Economic Offences Wing in February, said that RHC Holding Pvt. Ltd, made loans worth Rs 5,482 crore to Dhillon’s family members

Fortis saga: Believe in Indian judicial process, hopeful of a positive outcome in SC, says IHH MD & CEO Tan See Leng
Business

Fortis saga: Believe in Indian judicial process, hopeful of a positive outcome in SC, says IHH MD & CEO Tan See Leng

IHH and Fortis are not involved in the dispute between Daiichi and the Singh brothers and are hopeful of a positive outcome on the status quo on the open offer in the next hearing in the Supreme Court scheduled on 14 March, a top Malaysian firm official said on Friday

Fortis Healthcare seeks Sebi’s intervention to initiate legal proceedings, arrest Singh brothers to recover Rs 472 cr
Business

Fortis Healthcare seeks Sebi’s intervention to initiate legal proceedings, arrest Singh brothers to recover Rs 472 cr

Fortis Healthcare has said it has asked markets regulator Sebi to initiate legal proceedings, including the arrest of its former promoters Singh brothers, to recover Rs 472 crore from them and related entities

Singh brothers' feud is a wake-up call for corporate governance in dysfunctional family-run companies
Business

Singh brothers' feud is a wake-up call for corporate governance in dysfunctional family-run companies

The Singh brothers have lost control of two listed companies — Fortis Healthcare and Religare Enterprises — in less than a decade.

Malvinder Singh files criminal complaint against brother Shivinder Singh, spiritual leader for financial fraud, death threat
Business

Malvinder Singh files criminal complaint against brother Shivinder Singh, spiritual leader for financial fraud, death threat

The relationship between the Singh brothers, erstwhile promoters of Fortis Healthcare, went sour after allegations of fund diversion from the healthcare chain emerged.