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Tuesday, September 30, 2025
TopicFortis

Topic: Fortis

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.

Fortis should put this bid to bed and forget its founders

The founders had taken at least 5 billion rupees of Fortis Healthcare’s cash without board approval. The market regulator, and India’s Serious Fraud Investigation Office, are looking into the company and auditors have refused to certify financial results.

Fortis Healthcare nearing a $1.2 billion deal with TPG-Manipal

Fortis is discussing issuing around 40 billion rupees ($615 million) of new stock to TPG and Manipal through a preferential allotment, one of the people said.

Fortis made a 108% profit on the treatment of the child who died of dengue

Health minister Anil Vij says FIR will be lodged against the hospital administration and doctors under relevant sections of the IPC.

Five-star hospitals are made only for people who would get their treatment abroad

No hospital can have a right to bill you when you have no money, they will have to give you options.

Paradise Papers: Fortis Chairman under drug price regulator’s scanner for Singapore stents

NPPA takes cognisance of ‘leaked’ documents saying Dr Ashok Seth bought shares from a Singapore company that supplied stents to the hospital chain. 

On Camera

Bodoland poll loss a wake-up call for Assam BJP. Zubeen’s death puts CM Sarma in a tight spot

Assam CM can’t celebrate that the Congress drew a blank in the Bodoland Territorial Council polls in 2010 as well as 2015, and bagged only one in 2020.

Market regulator SEBI clears Adani Group of impropriety alleged by Hindenburg Research

SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.

Aerial warfare analyst Tom Cooper faults India’s military PR, says Pakistan does it better

In post on social media, Cooper narrated experience of MiG-21 researcher from Germany who wanted to attend aircraft’s farewell ceremony in India, and the roadblocks he faced. 

Something’s hidden in the Oval Office photo of Trump, Munir, Sharif. India must look closely

What Munir has achieved with Trump is a return to normal, ironing out the post-Abbottabad crease. The White House picture gives us insight into how Pakistan survives, occasionally thrives and thinks.