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Saturday, August 16, 2025
TopicFortis Healthcare

Topic: Fortis Healthcare

Former Fortis Healthcare promoter Shivinder Singh gets bail in money laundering case

The relief was granted to Shivinder Singh on a personal bond of Rs one crore and two sureties by family members of Rs 25 lakh each.

Delhi court dismisses bail plea of ex-Fortis Healthcare Promoter Shivinder Singh

The court further said the fact that Shivinder managed to smuggle a phone while he was in the custody of the ED spoke volumes about his conduct and intention

Jail, bankruptcies and death — 2019 was a tough battle for Indian tycoons

Here are some of the country’s biggest and most-storied businessmen who saw their fortunes fade in 2019 as Indian banks attempted to repair their balance sheets.

Fortis, Max hospitals to stop cashless treatment if Modi govt doesn’t clear dues in 15 days

The government is yet to settle dues of Rs 650 crore and the hospitals have claimed to be hard-pressed for resources.

ED arrests ex-Fortis Healthcare promoter Shivinder Singh in money laundering case

Shivinder Singh, who is already in Tihar jail under judicial custody, was arrested Thursday in a case related to alleged misappropriation of funds at Religare Finvest Ltd.

Fortis takeover by Malaysian firm IHH halted by Supreme Court’s contempt ruling

The fight for Fortis, allegedly defrauded by founders Malvinder & Shivinder Singh, has seen 4 takeover bids, 2 scrapped deals, and most of the board being replaced.

Former Fortis promoters Malvinder and Shivinder Singh sent to 14-day judicial custody

Brothers Malvinder and Shivinder Singh were arrested last week for allegedly misappropriating funds of Religare Finvest Ltd (RFL).

Cases that took Malvinder, Shivinder Singh from Forbes billionaires’ list to police custody

The Singh brothers are accused of multiple cases of siphoning money using a complex web of companies, including Ranbaxy, Religare & Fortis.

Shivinder Singh, former Fortis Healthcare promoter, arrested for fraud

A complaint filed by Religare Finvest Limited alleged Shivinder Singh took loans while managing the firm but invested in other companies.

New CEO of Fortis plans to cut costs big time after ‘fraud’ by Singh brothers

Fortis will squeeze spending in everything from energy-efficient light fixtures to automating its business analysis unit & even renegotiating doctors’ salaries.

On Camera

SC’s stray dog order lit a match in Delhi. Are they a menace or companions?

The last time this matter flared up was when Delhi Chief Minister Rekha Gupta, in a very similar directive in April, called for the relocation of stray dogs in the capital.

Modi’s ‘Diwali bonanza’ for the common man—next-gen GST reforms, lower tax on daily-use items soon

Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.

What is Project Sudarshan Chakra, announced by Modi from ramparts of Red Fort

The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.

War of IAF, PAF doctrines: As Pakistan obsesses over numbers, India embraces risk, wins

Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?