Fortis gets new CEO in global foray
Malvinder and Shivinder Singh-promoted Fortis Global Healthcare Holdings has appointed Vishal Bali as its chief executive officer.
By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON NOV 29, 2010 09:06 PM IST
Malvinder and Shivinder Singh-promoted Fortis Global Healthcare Holdings has appointed Vishal Bali as its chief executive officer.
Bali, the incumbent CEO of Fortis Hospitals in India, will assume his new position with immediate effect, the company said on Monday.
Fortis Hospitals is part of the 50-hospital chain owned by the Mumbai-listed Fortis Healthcare Limited. The Singh family also owns a majority stake in Fortis Healthcare.
Bali will lead Fortis Global Healthcare in the creation of a pan-Asia integrated healthcare business.
“We are extremely pleased that Vishal is taking on the role of CEO at Fortis Global, our vehicle of growth for international healthcare businesses,” said Malvinder Mohan Singh, executive chairman of Fortis Global Healthcare.
“I look forward to the several opportunities that lie ahead of Fortis Global,” Bali said.
Besides serving on the board of Fortis Hospitals, Bali is a member on the Strategic Initiatives group of Joint Commission International in the US, and on the Global Agenda Healthcare Council of the World Economic Forum in Switzerland.
Bali has spent 19 years running the Wockhardt Hospitals Group in India, until the acquisition of its substantive assets (10 bospitals) by Fortis in 2009.
India's NSE defends reopening market after exchange's shutdown
Posted by Kunal Gaurav | Reuters, Mumbai
PUBLISHED ON FEB 26, 2021 09:08 PM IST
Brokers had criticised the NSE over the lack of information after the four-hour shutdown on Wednesday.
Oil slumps with wider markets, denting record start to 2021
Bloomberg
UPDATED ON FEB 26, 2021 06:52 PM IST
The demand outlook has improved, with traders and investment banks this week making a series of bullish calls and upward price revisions.
Reliance Jio launches new unlimited plans to usher in '2G-mukt Bharat'
ANI, Mumbai
PUBLISHED ON FEB 26, 2021 06:47 PM IST
- According to the plan, new users will get a JioPhone device, unlimited voice calls and data (2GB high-speed data every month) for two years at ₹1,999.
Fiscal deficit rises to ₹12.34 lakh crore at end of January
PTI
PUBLISHED ON FEB 26, 2021 06:41 PM IST
The fiscal deficit at the end of January in the previous financial year was 128.5% of the Revised Estimates (RE).
London could lose out to New York under draft EU finance deal
Reuters, London
PUBLISHED ON FEB 26, 2021 06:12 PM IST
- Britain's financial services industry has been largely cut off from the EU, its biggest customer, since a Brexit transition period ended on Dec. 31 as the sector is not covered by the UK-EU trade deal.
Support both public, private projects: FM to infra ministries
By Rajeev Jayaswal
PUBLISHED ON FEB 26, 2021 06:00 PM IST
The National Infrastructure Pipeline (NIP) will play a critical role in revitalising the economy that is recovering from the devastating impact of Covid-19 pandemic, said finance minister on Friday
Indian economy grows by 0.4% in October-December 2020: Govt data
By hindustantimes.com, New Delhi
UPDATED ON FEB 26, 2021 06:20 PM IST
Indian economy grows by 0.4 pc in October-December 2020: Govt data
Bitcoin slumps 6%, heads for worst week since March
Reuters, London
PUBLISHED ON FEB 26, 2021 04:14 PM IST
The world's biggest cryptocurrency slumped as low as $44,451 before recovering most of its losses.
Sensex crashes over 1,900 points; Nifty tanks 568 points
Posted by Prashasti Singh | PTI
UPDATED ON FEB 26, 2021 06:17 PM IST
The 30-share BSE index ended with a loss of 1,939.32 points or 3.80 per cent at 49,099.99.
Govt extends anti-dumping duty on Chinese tiles by three months
By Rajeev Jayaswal
UPDATED ON FEB 26, 2021 03:09 PM IST
In order to save the domestic tiles industry from cheaper imports from China, the government had imposed up to $1.87 per square meter anti-dumping duty during in 2016 for five years, which would have expired on March 28
RBI favors retaining inflation target regime
Posted by Prashasti Singh | Bloomberg
PUBLISHED ON FEB 26, 2021 02:46 PM IST
The existing mandate requires the RBI to keep headline inflation at the 4% midpoint of its target range of 2%-6%.
India's inflation target band appropriate for next 5 years: RBI report
Posted by Prashasti Singh | Reuters
PUBLISHED ON FEB 26, 2021 02:25 PM IST
"Trend inflation to which actual inflation converges after a shock provides an appropriate benchmark for the inflation target; trend inflation has fallen from above 9% before FIT to a range of 3.8%-4.3% during FIT," the RBI said in its release.
'Fuel prices will come down after winters: Petroleum minister Dharmendra Pradhan
By hindustantimes.com | Written by Kanishka Sarkar, Hindustan Times, New Delhi
UPDATED ON FEB 26, 2021 02:56 PM IST
Dharmendra Pradhan said prices will come down a little as winter goes away. "It's an international matter, price is high due to increase in demand," he added.
Sensex tanks 1,631 points to 49,407 in afternoon session; Nifty below 14,600
By hindustantimes.com | Written by Kanishka Sarkar
UPDATED ON FEB 26, 2021 01:15 PM IST
According to a Reuters poll, India's economy is likely to have returned to growth in the December quarter after contracting 7.5% in the July-September period.
RailTel Corp of India jumps 16% in market debut
Reuters, Bengaluru
PUBLISHED ON FEB 26, 2021 11:10 AM IST
More than a dozen companies, including Burger King India, opted for initial public offerings (IPOs) in the last few months of 2020 to cash in on a rally in Indian shares, fuelled by record foreign inflows and an improving economic outlook.
