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Latest Articles in fortis healthcare

Fortis Healthcare Reports 69% Decline In Net Profit At Rs 134 Crore

The healthcare major had logged a net profit of Rs 431 crore, which included an exceptional gain of Rs 306 crore

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Fortis Healthcare Case: Sebi Slaps Rs 38.7-Cr Penalties On 32 Entities

Sebi has imposed penalties totalling Rs 38.75 crore on 32 entities, including Fortis Healthcare Holdings, in a case related to diversion of funds

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Fortis Healthcare Case: SEBI Slaps Rs 24 Cr Penalties On Singh Brothers, 7 Others

A penalty of Rs 1 crore has been imposed on Fortis Healthcare and Rs 50 lakh on Fortis Hospitals. Others who have been penalised are Malav Holdings Pvt Ltd (Rs 2.5 crore), Shivi Holdings Pvt Ltd (Rs 2.5 crore), Gagandeep Singh Bedi (Rs 2.5 crore) and Bhavdeep Singh (Rs 2.5 crore)

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Copyright Suit Filed Against Fortis Healthcare, Others In US

The complaint has been filed for the alleged violation of the US Racketeer, Influenced and Corrupt Organizations Act, copyright infringement, tortious interference with contracts, etc.

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Fortis, Apollo Roll Out Sputnik V At 2 Hospitals In Delhi-NCR; Over 3,000 Vaccinated

Fortis Healthcare had earlier announced that it will start administering the two-dose Russian vaccine at its Gurugram and Mohali facilities from June 19.

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Fortis Healthcare Contributes Rs 8.62 Cr To Bharat Ke Veer Corpus Fund

The fund is utilised for the welfare of close family members of the martyrs of the Central Armed Police Forces, who have made supreme sacrifices in the service of the nation.

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Fortis Healthcare Reports Fall In Hospital Occupancy Due To COVID-19 Crisis

The company's diagnostics business also witnessed 75 per cent drop in volumes in April. Patients choose to postpone elective procedures while there was a significant drop in footfalls in the outpatients department (OPD).

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Yes Bank Sells 6.7% Stake In Fortis Healthcare

The public statement came a day after the private lender informed stock exchanges after market hours that it has reduced its exposure to the Religare Group with this transaction.

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IHH Healthcare Halts Open Offer For Fortis After Supreme Court Ruling

Cash-strapped Fortis accepted IHH'S investment offer in July after an extended bidding war for control of the company which operates about 30 private hospitals in India

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Fortis Healthcare Plunges; Report Says Supreme Court Puts Sale On Hold

Cash-strapped Fortis, which operates about 30 private hospitals in India, accepted an investment offer from IHH in July after an extended bidding war for control of the company

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SEBI Asks Fortis Healthcare To Recover $55 Million From Founders, Eight Firms

A detailed investigation of the entire scheme employed in this case is necessary to find out the role of each entity in the alleged routing of funds, says SEBI

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Malvinder Forged Wife's Signature, Says Brother Shivinder Singh

In a petition filed before NCLT, Former Fortis Healthcare promoter Shivinder Singh has alleged that his brother Malvinder forged his wife's signature to execute illegal financial transactions

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Fortis Healthcare Quarterly Loss Widens On Impairment Charges

Fortis has become the target of a bidding war by suitors seeking to get a share of a boom in India's private healthcare market

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'Revlon Duties' In The Indian Context

Constituting an independent committee to oversee the sale without relying solely on representations of any person on matters that are easily verifiable

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Clouds Over Hospital Chain Fortis Keep Suitors From Making Higher Bids

Analysts, bankers and consultancy firms say Fortis, with around 30 hospitals, mostly in large cities in a country that lacks good public healthcare facilities, an established brand and good roster of doctors, is a rare and attractive asset in a market that is growing strongly

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