Monday, 23 May, 2022
TopicFortis Healthcare

Topic: Fortis Healthcare

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

PTI -
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

PTI -
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

Bhuma Shrivastava -
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

Himani Chandna -
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

PTI -
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

Ari Altstedter -
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

PTI -
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

Ananya Bhardwaj -
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

PTI -
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

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

Inflation made luxury cars even more expensive but sales remain in fast lane. See Mercedes

Kushan Mitra -
For years, the luxury car market in India was biased towards the entry-level. But today, cars below Rs 40 lakh account for the smallest fraction of sales.
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Doomscrolling—why you continue to surf ‘depressing’ news and what you can do about it

Illustration by Ramandeep Kaur

Quad has a sea of challenges. Navy can take cue from a Maratha admiral who sank English ships

Economy

World’s $300 trillion in debt. Here’s what it means for services like health, education

Victoria Masterson -
To meet debt payments, at least 100 countries will have to reduce spending on essential services, the IMF estimates.

Defence

File photo of a defence personnel armed with a SiG 716 rifle near the Line of Control | Photo: Snehesh Alex Philip | ThePrint

India to ink ‘repeat order’ deal for 73,000 SiG 716 rifles from the US

Snehesh Alex Philip -
In February 2019, 72,400 SiG 716 rifles of 7.62 x 51mm calibre were contracted from SIG Sauer Inc, USA, under government's 'Buy (Global) category', through fast track procedure.

National Interest

Mandir or Masjid? New surveys not needed, just acceptance of truth & move towards reconciliation

Shekhar Gupta -
That temples were destroyed and mosques built is undisputed history. The past can’t be changed, but we can’t deny the wrongs of the past either before we consider reconciliation.

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