Tuesday, 17 May, 2022

Topic: Fortis

Accused can’t be kept in custody on agency’s hunch they will prejudice trial, Delhi HC says

The court made the observation while granting bail to former Fortis Healthcare promoter Shivinder Mohan Singh. The ED had argued against granting bail to Singh.

Gurinder Singh Dhillon — the music & film-loving Radha Soami head at heart of Fortis crisis

Gurinder Singh Dhillon leads the Radha Soami Satsang Beas, which boasts of a 20-million-strong following across 90 nations.

Supreme Court holds ex-Ranbaxy promoters Malvinder & Shivinder Singh in contempt of court

The top court said that the brothers Malvinder and Shivinder Singh had violated an earlier order by which the sale of their controlling stakes in Fortis Group to Malayasian firm IHH Healthcare was put on hold.

ED arrests Fortis’ Malvinder Singh, Religare’s Sunil Godhwani in money laundering case

Malvinder Singh and Sunil Godhwani are already lodged in Tihar jail after the Delhi Police arrested them, along with Malvinder's brother Shivinder, in the same case. The trio are accused of misappropriating funds of Religare Finvest Ltd.

Malvinder Singh, former Fortis promoter, arrested in fraud case day after brother Shivinder

Malvinder Singh's brother Shivinder Singh and three others were arrested Thursday for allegedly diverting money from Religare Finvest Limited to other companies.

Businessmen brothers Malvinder & Shivinder Mohan Singh accuse each other of assault

Malvinder and Shivinder Mohan Singh, the former promoters of Fortis Healthcare, have not been on speaking terms for months now.

Fortis, Religare empires unravel as Shivinder Singh sues brother Malvinder

Shivinder has accused his brother of 'systematic undermining of the interests of the companies and their shareholders'.

Fortis’s survival rate bleak but not dead yet

Amidst an unprecedented fall in the EBITDA margins of Fortis, whether its two bidders can revive the company's operations is a million dollar question.

Plugged-In: Congress and JD(S) figure out how to be friends, and PM in Sochi

Missed your morning newspaper? Rushing to get to office? ThePrint has the daily news covered for you. From national headlines to opinions and business news, this is all that India's papers are reporting today.

Someone give Fortis directors a discharge slip

While international investors have shown interest in the company, the directors' push for going with two Indian business families is off-putting.

On Camera


Congress leader Rahul Gandhi at the party's Nav Sankalp Chintan Shivir in Udaipur, on 15 May 2022 | Twitter/@ANI

Rahul Gandhi must clear his position on Congress leadership. Cintan Shivirs won’t help

If a 137-year-old party is still discussing its foundational ideas and core ideology, and can’t have everyone on board, the road ahead seems rocky.

Bad timing could hamper LIC IPO

Most early public enterprise IPOs have been trading 75% below their original price, small investors concerned.


Representational image of army personnel in Ladakh | ANI

India ‘doesn’t foresee’ border fighting with China, but ‘won’t back down’ if tensions reignite

Aim is to ensure not just disengagement of troops, but overall de-escalation. Govt in favour of solving tensions through talks as it wants peace with all neighbours including China.

How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels

Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.