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Tuesday, November 11, 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

India’s fiscal future depends on credibility, not just growth rate

As the era of easy money ends, the gap between the ability to borrow and the credibility to do so will define fiscal resilience. India still has the chance to strengthen both.

No more text-heavy ads, wider scope of services—ICAI’s ethics code overhaul to promote Indian CA firms

Open to public feedback until 26 November, the revised guidelines, among other changes, give CA firms more flexibility to advertise & promote their services.

‘Let them see’: Putin says new nuclear-powered missiles in the making, in message to Washington

At a ceremony felicitating Russian military engineers, Putin highlights Moscow’s 'parity' in defence technologies for the next century.

Bihar is where politics moves, and everything else stands still

Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.