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.
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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 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.
Research paper, however, finds lowest indebtedness level among Muslims at 12.3% & highest among Hindus at 14.9%. Overall national financial inclusion level at 87.2%, indebtedness at 14.7%.
Fresh details of operation conducted by IAF, Army have come out in gazette notification giving citations of those who were awarded Vir Chakra for their bravery.
On 21 Oct, a buzz went up that the govt had released full list of gallantry award recipients along with Op Sindoor citations. I put an AI caddy on the job. It took me into a never-ending rabbit hole.
Ranbaxy, once one of India’s most trusted brands in pharmaceuticals, proved a lemon for its Japanese buyers, Dai ichi, who sold it later to Sun Pharmaceuticals. There was a lot of fudging in that transaction, for which the Brothers Singh are still trying to wriggle out of responsibility. They would have prospered more if they had practised a higher standard of corporate governance.
I fail to understand why an insurance is necessary at all. If I am sick I go to a doctor and pay his charges. Cut the Insurance Co to its size.
Ranbaxy, once one of India’s most trusted brands in pharmaceuticals, proved a lemon for its Japanese buyers, Dai ichi, who sold it later to Sun Pharmaceuticals. There was a lot of fudging in that transaction, for which the Brothers Singh are still trying to wriggle out of responsibility. They would have prospered more if they had practised a higher standard of corporate governance.