Sunday, 27 November, 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

A general view of the opening ceremony of the G20 finance ministers and central bank governors meeting in Jakarta, Indonesia, February 17, 2022. Mast Irham/Pool via REUTERS

G20 presidency is India’s chance to fix power imbalances in artificial intelligence adoption

Aubra Anthony -
Without considering AI challenges across the world, equitably reaping its benefits will remain inadequate, leading to a more unequal and divisive future.
Representative image

Longest CJI only served for seven years. Real changes need continuity in leadership

Lalai Singh published Periyar in Hindi. But he’s still not a social justice hero in North India

Economy

Representational image | Wiki Commons

How India-Australia FTA is set to boost trade that’s already at a record high

Nikhil Rampal -
While the bulk of the trade between India and Australia is so far in the energy sector, the FTA is expected to broaden this to include other goods and services.

Defence

Illustration: Soham Sen | The Print

Modi govt moves with Arunachal Frontier Highway, among India’s ‘toughest’ projects yet, China in mind

Snehesh Alex Philip -
The 2,000 km-long highway will be of strategic importance to military. Same equipment used on other side of LAC being deployed to carry out work on tough terrain, say officials.

National Interest

A Gujarat gamble: A likely reason Rahul is not giving Modi a fight this assembly election

Shekhar Gupta -
I'd rather not buy idea that Rahul's holding his fire until 2024. More likely, Congress believes Karnataka offers best chance of winning a Gujarat-sized state if Gujarat is too challenging.

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