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Shri Satyadev Narayan Arya, Hon'ble Governor of Haryana calls on Punjab Governor and Administrator, UT, Chandigarh Shri V.P. Singh Badnore at Punjab Raj Bhavan, Chandigarh on 18.09.2018.

Haryana governor tests positive for Covid, in Mohali Fortis ICU

Hindustan Times, Chandigarh | By HT Correspondent, Mohali
UPDATED ON NOV 16, 2020 03:37 PM IST
Satyadev Narayan Arya was admitted on Monday after testing positive for Covid-19 on Sunday
The eight-month pregnant woman was a resident of Azad Vihar in Khoda colony, Ghaziabad.
The eight-month pregnant woman was a resident of Azad Vihar in Khoda colony, Ghaziabad.

Pregnant woman dies after being denied treatment by 8 hospitals, DM orders inquiry

Hindustan Times, Noida/Ghaziabad | By Tanmayee Tyagi & Peeyush Khandelwal, Noida/ghaziabad
UPDATED ON JUN 07, 2020 02:26 AM IST
The woman, 30-year-old Neelam, was eight months pregnant and a resident of Azad Vihar in Khoda colony, Ghaziabad.
HT Image
HT Image

Covid-19: In the line of fire, duty comes first for Mohali doctors

Hindustan Times, Chandigarh | By Hillary Victor, Mohali
UPDATED ON MAR 23, 2020 12:49 AM IST
The medical personnel are working long hours in uncomfortable protective suits
Additional district and sessions judge Harpreet Kaur also imposed a fine of Rs 25,000 each on the convicts.(Getty Images)
Additional district and sessions judge Harpreet Kaur also imposed a fine of Rs 25,000 each on the convicts.(Getty Images)

2018 murder of Fortis employee: Father-son duo awarded life term

Hindustan Times, Chandigarh | By HT Correspondent, Mohali
PUBLISHED ON JAN 16, 2020 01:00 AM IST
The woman’s body was recovered from the duo’s car when they were stopped for checking at Gharuan check post on October 7, 2018
RFL alleged that Malvinder Singh and his brother Shivinder Mohan Singh in connivance with the employees of Lakshmi Vilas Bank misappropriated two FDs of Rs 400 crore and Rs 350 crore made with the Lakshmi Vilas Bank by the complainant company, the police said.(Mint Photo)
RFL alleged that Malvinder Singh and his brother Shivinder Mohan Singh in connivance with the employees of Lakshmi Vilas Bank misappropriated two FDs of Rs 400 crore and Rs 350 crore made with the Lakshmi Vilas Bank by the complainant company, the police said.(Mint Photo)

Ex-Fortis promoter Malvinder Singh arrested in another case of funds misappropriation

New Delhi | By Press Trust of India
UPDATED ON DEC 24, 2019 09:57 PM IST
Malvinder Singh is already in judicial custody in another case.
HT Image
HT Image

High rent forces Fortis to stop emergency services at Chandigarh Airport

Hillary Victor, Mohali | By Hillary Victor, Mohali
PUBLISHED ON OCT 15, 2019 01:05 AM IST
The hospital has been managing the medical inspection room for the last five years, the Airport Authority now plans to run the services on its own with help from the Punjab government
A 24-year-old man was shot at allegedly by a neighbour while he was partying on terrace of the building with his friends following an argument between them over creating noise in southwest Delhi’s Vasant Kunj area. (Representative Image)(HT File Photo)
A 24-year-old man was shot at allegedly by a neighbour while he was partying on terrace of the building with his friends following an argument between them over creating noise in southwest Delhi’s Vasant Kunj area. (Representative Image)(HT File Photo)

24-year-old shot at by neighbour over party noise in Delhi’s Vasant Kunj: Cops

New Delhi | By Press Trust of India
UPDATED ON MAR 04, 2019 09:06 AM IST
The incident took place on Saturday, police said, adding they were informed at 12 am about a man being shot by his neigbhour after scuffle.
Fortis asks Sebi to arrest Malvinder, Shivinder Singh to recover Rs 472 crore.(Photo by Parveen Kumar/Hindustan Times)(HT Photo)
Fortis asks Sebi to arrest Malvinder, Shivinder Singh to recover Rs 472 crore.(Photo by Parveen Kumar/Hindustan Times)(HT Photo)

Fortis asks Sebi to arrest Malvinder, Shivinder Singh to recover Rs 472 crore

New Delhi | By Press Trust of India
UPDATED ON FEB 25, 2019 09:09 PM IST
Fortis Healthcare has also asked the Securities and Exchange Board of India (Sebi) for a personal hearing on the matter.
Two suspected cases were reported in Ghaziabad on August 31. However, both were later confirmed as negative. In 2017, just two cases of swine flu were reported in Ghaziabad.(HT PHOTO)
Two suspected cases were reported in Ghaziabad on August 31. However, both were later confirmed as negative. In 2017, just two cases of swine flu were reported in Ghaziabad.(HT PHOTO)

Noida: Swine flu claims its first victim this season, man was from Allahabad

Hindustan Times, Noida | By Snehil Sinha
UPDATED ON SEP 19, 2018 02:23 AM IST
Health officials ask people not to panic, say district is ready to tackle H1N1 and has isolation wards, referral centres in place.
The Singh brothers are famous for expanding their two public firms -- hospital operator Fortis Healthcare Ltd. and financial firm Religare Enterprises Ltd(Parveen Kumar/Hindustan Times)
The Singh brothers are famous for expanding their two public firms -- hospital operator Fortis Healthcare Ltd. and financial firm Religare Enterprises Ltd(Parveen Kumar/Hindustan Times)

Fortis’ Shivinder Singh drops lawsuit against brother Malvinder after mom steps in

Bloomberg | By Ari Altstedter and Upmanyu Trivedi
UPDATED ON SEP 14, 2018 08:24 PM IST
Fortis’ Shivinder Singh withdrew a suit alleging “oppression and mismanagement” against his brother Malvinder and a senior manager in their corporate group
Shivinder Mohan Singh (L) and Malvinder Mohan Singh during the Concept Launch and Question and Answer session in Fortis Memorial Research Institute at sector- 44, in Gurgaon.(Parveen Kumar/Hindustan Times)
Shivinder Mohan Singh (L) and Malvinder Mohan Singh during the Concept Launch and Question and Answer session in Fortis Memorial Research Institute at sector- 44, in Gurgaon.(Parveen Kumar/Hindustan Times)

Former Fortis promoter to withdraw NCLT petition against elder brother Malvinder Singh on ailing mother’s advice

New Delhi | By Press Trust of India
UPDATED ON SEP 13, 2018 09:09 PM IST
Shivinder’s counsel Ranjana R Gawai said the petition is not withdrawn yet but getting withdrawn because the ailing mother wants to get this matter sorted out within domestic forum through mediation.
A bidding war for cash-strapped Fortis kicked off earlier this year after its founders, brothers Malvinder and Shivinder Singh, lost their shareholding due to debt, and allegations that the Singhs had improperly taken funds from the company.(Reuters File Photo)
A bidding war for cash-strapped Fortis kicked off earlier this year after its founders, brothers Malvinder and Shivinder Singh, lost their shareholding due to debt, and allegations that the Singhs had improperly taken funds from the company.(Reuters File Photo)

Fortis hospital chain to be rebranded as Gleneagles in future following IHH Healthcare takeover

New Delhi | By Press Trust of India
UPDATED ON JUL 14, 2018 02:50 PM IST
Not only must Fortis’s new owner turn around three straight quarters of losses, it must also deal with the fallout left by the Singh brothers.
A bidding war for cash-strapped Fortis kicked off earlier this year after its founders, brothers Malvinder and Shivinder Singh, lost their shareholding due to debt, and allegations that the Singhs had improperly taken funds from the company.(Getty Images)
A bidding war for cash-strapped Fortis kicked off earlier this year after its founders, brothers Malvinder and Shivinder Singh, lost their shareholding due to debt, and allegations that the Singhs had improperly taken funds from the company.(Getty Images)

Malaysia’s IHH Healthcare wins Fortis hospitals deal, beats TPG-backed Manipal

Bloomberg | By Ari Altstedter
UPDATED ON JUL 13, 2018 10:09 AM IST
Malaysia-based IHH’s offer would invest Rs 40 billion directly in Fortis through a preferential allotment of shares at Rs 170 a share. The price is a 20% premium to Fortis’s closing level on Thursday. Fortis rejected a competing proposal backed by private-equity firm TPG.
As India’s second-biggest hospital network, Fortis’s long-term survival – and its ability and willingness to work with the government – will be important.(Getty Images)
As India’s second-biggest hospital network, Fortis’s long-term survival – and its ability and willingness to work with the government – will be important.(Getty Images)

Opinion: Wanted. A nurse for Fortis who won’t kill it

Bloomberg | By Andy Mukherjee
UPDATED ON JUL 10, 2018 11:33 AM IST
Working out whether India’s second-biggest hospital chain is too deeply damaged to survive has been left to the imagination of the two bidders jostling for the opportunity to nurse it back to health.
A large number of the world’s population suffers from Vitamin D deficiency because we’ve stopped spending time outdoors.(Shutterstock)
A large number of the world’s population suffers from Vitamin D deficiency because we’ve stopped spending time outdoors.(Shutterstock)

Why Indian women are more likely to have a Vitamin D deficiency

Press Trust of India | By Soma Das
UPDATED ON JUL 04, 2018 02:57 PM IST
Indian women, especially those who belong to lower socio-economic groups, have a Vitamin D deficiency and are at risk of bone damage and diabetes, says a new study.
Earlier, Fortis Healthcare had received binding bids from four suitors -- Munjal-Burman combine, TPG-Manipal consortium, Malaysia’s IHH Healthcare Berhad and KKR-backed Radiant Life Care.(Pradeep Gaur/Mint)
Earlier, Fortis Healthcare had received binding bids from four suitors -- Munjal-Burman combine, TPG-Manipal consortium, Malaysia’s IHH Healthcare Berhad and KKR-backed Radiant Life Care.(Pradeep Gaur/Mint)

IHH Healthcare makes fresh binding offer for Fortis

Press Trust of India, New Delhi | By Press Trust of India
PUBLISHED ON JUL 03, 2018 03:52 PM IST
Cash-strapped Fortis Healthcare had set July 3 as the deadline for the submission of the fresh binding bids
The heart reached Fortis hospital at 3:24pm, one hour and thirty-four minutes after it was retrieved at 1:50 pm in Aurangabad on Friday.(AFP File Photo/Representative image)
The heart reached Fortis hospital at 3:24pm, one hour and thirty-four minutes after it was retrieved at 1:50 pm in Aurangabad on Friday.(AFP File Photo/Representative image)

Heart transported 323 km in 94 minutes from Aurangabad to Mumbai via green corridor

Press Trust of India, Thane | By Press Trust of India
UPDATED ON JUN 23, 2018 10:33 PM IST
The live heart of a 13-year-old boy, who died in a road accident, was successfully transplanted into a 4-year-old girl.
Fortis shareholders voted to remove four members of the company’s board following the bid by Hero-Burman group. Some shareholders had opposed that offer.(Ramesh Pathania/Mint)
Fortis shareholders voted to remove four members of the company’s board following the bid by Hero-Burman group. Some shareholders had opposed that offer.(Ramesh Pathania/Mint)

Fortis weighs offers from four parties in new bidding round

Reuters | By Reuters
UPDATED ON JUN 01, 2018 05:28 PM IST
Binding bids under the new process need to be submitted by June 14, Fortis has said.
Earlier this week, cash strapped Fortis Healthcare initiated a fresh time-bound bidding process for its sale after terminating the offer made by the Munjal-Burman combine.(REUTERS File Photo)
Earlier this week, cash strapped Fortis Healthcare initiated a fresh time-bound bidding process for its sale after terminating the offer made by the Munjal-Burman combine.(REUTERS File Photo)

Fortis board appoints Ravi Rajagopal as chairman

Press Trust of India | By Press Trust of India
UPDATED ON NOV 02, 2019 12:58 AM IST
Ravi Rajagopal, a chartered accountant, is currently a non executive independent director on the Fortis board.
A Fortis hospital building is pictured in New Delhi, India.(REUTERS File Photo)
A Fortis hospital building is pictured in New Delhi, India.(REUTERS File Photo)

Fortis Healthcare to initiate fresh round of bidding

Reuters | By Reuters
UPDATED ON MAY 29, 2018 04:18 PM IST
The Munjal-Burman combine, TPG-Manipal consortium and Malaysia’s IHH Healthcare have been invided to participate in the fresh round of bidding.
Fortis has been in the middle of a five-way bidding war with local and international suitors wanting to invest in the firm or buy it.(Ramesh Pathania/Mint)
Fortis has been in the middle of a five-way bidding war with local and international suitors wanting to invest in the firm or buy it.(Ramesh Pathania/Mint)

Hero-Burman consortium agrees to open rebidding for Fortis hospitals

Reuters | By Reuters
UPDATED ON MAY 28, 2018 02:16 PM IST
The Fortis board had approved the Munjals-Burmans offer to invest Rs18 billion ($266.9 million) earlier this month. However, investors have been wary of the board’s choice of the underdog.
Fortis is in the midst of a heated takeover battle with five entities bidding for the company along with a upheaval at the boardroom, wherein several directors have been stepping down.(Ramesh Pathania/Mint)
Fortis is in the midst of a heated takeover battle with five entities bidding for the company along with a upheaval at the boardroom, wherein several directors have been stepping down.(Ramesh Pathania/Mint)

SEBI probes insider trading violation, other regulatory lapses at Fortis Healthcare

Press Trust of India, New Delhi | By Press Trust of India
PUBLISHED ON MAY 22, 2018 05:49 PM IST
Fortis is in the midst of a heated takeover battle with five entities bidding for the company along with a upheaval at the boardroom, wherein several directors have been stepping down.
A Fortis hospital building is pictured in New Delhi, India(REUTERS File Photo)
A Fortis hospital building is pictured in New Delhi, India(REUTERS File Photo)

Two more Fortis directors quit ahead of crucial shareholders’ meet tomorrow

Press Trust of India, New Delhi | By Press Trust of India
UPDATED ON MAY 21, 2018 03:22 PM IST
Fortis innvestors Jupiter India Fund and East Bridge Capital Master Fund had sought the removal of the directors for allegedly failing to work in the interest of all shareholders, particularly in their handling of the hospital chain’s proposed sale.
Leaving aside its temporary cash crunch, Fortis is a prized asset. It’s drawn interest from Malaysia’s IHH Healthcare Bhd., KKR & Co.-backed Radiant Life Care Pvt, China’s Fosun International Ltd. and Manipal Health Enterprises Pvt Ltd.(Reuters File Photo)
Leaving aside its temporary cash crunch, Fortis is a prized asset. It’s drawn interest from Malaysia’s IHH Healthcare Bhd., KKR & Co.-backed Radiant Life Care Pvt, China’s Fosun International Ltd. and Manipal Health Enterprises Pvt Ltd.(Reuters File Photo)

Someone give Fortis directors a discharge slip | Opinion

Bloomberg | By Andy Mukherjee
UPDATED ON MAY 21, 2018 10:21 AM IST
As Fortis tries to sell itself to one of its five suitors, including Indian, Malaysian, Chinese and American buyers, a puzzling question is, why are some of the original directors still hanging around?
Brian Tempest, director, Board of Directors, Fortis Healthcare Limited, addresses a news conference in Gurgaon on Friday.(Reuters File Photo)
Brian Tempest, director, Board of Directors, Fortis Healthcare Limited, addresses a news conference in Gurgaon on Friday.(Reuters File Photo)

Opted for Munjal-Burman offer due to certainty, liquidity issues, says Fortis director

Press Trust of India, Gurgaon | By Press Trust of India
UPDATED ON MAY 11, 2018 05:37 PM IST
While five Fortis board members had voted in favour of the Rs 1,800-crore offer, three members had opted for other offers out of the four binding bids that Fortis Healthcare had received.
A Fortis hospital building is pictured in New Delhi, India.(REUTERS File Photo)
A Fortis hospital building is pictured in New Delhi, India.(REUTERS File Photo)

Fortis opts for Munjal-Burman offer in hospital takeover

Bloomberg | By Ari Altstedter
UPDATED ON MAY 11, 2018 10:39 AM IST
But even with the board’s decision, the battle for Fortis may not be over as shareholders still need to decide whether to accept the deal.
The takeover battle for Fortis was kicked off earlier this year when its founders lost control of their shareholding because of their mounting debts.(Ramesh Pathania/Mint)
The takeover battle for Fortis was kicked off earlier this year when its founders lost control of their shareholding because of their mounting debts.(Ramesh Pathania/Mint)

Manipal-TPG revise bid for Fortis Hospitals, offer Rs160 per equity share

Bloomberg | By Ari Altstedter and Vrishti Beniwal
UPDATED ON MAY 07, 2018 11:35 AM IST
While Manipal has proposed a rights issue of the merged Fortis-Manipal entity, it has offered to subscribe for a preferential allotment of Fortis shares at Rs 160 per share, totaling Rs 2100 crore, for short-term liquidity needs
The fight over Fortis kicked off after the shareholding of its founders, Malvinder and Shivinder Singh, slid to less than 1% as lenders seized stock they’d put up as collateral.(Parveen Kumar/Hindustan Times)
The fight over Fortis kicked off after the shareholding of its founders, Malvinder and Shivinder Singh, slid to less than 1% as lenders seized stock they’d put up as collateral.(Parveen Kumar/Hindustan Times)

Fortis Healthcare jumps to two-month high after IHH raises offer

Bloomberg | By P R Sanjai
PUBLISHED ON MAY 02, 2018 03:56 PM IST
Fortis Healthcare’s shares climbed as much as 5.3% to Rs160.50 intraday, before settling to Rs 158.80, up Rs 6.40. Fortis’s shares gained 24% last month, the best performance since February 2015.
Fortis Hospital in Noida photographed by Ramesh Pathania on 13th August 2012.
Fortis Hospital in Noida photographed by Ramesh Pathania on 13th August 2012.

Fortis gets improved Rs 1,800 crore offer from Munjals, Burmans

Press Trust of India, New Delhi | By Press Trust of India
UPDATED ON MAY 02, 2018 02:05 PM IST
Fortis Healthcare has already received binding offers from four entities - KKR-backed Radiant Life Care, IHH Healthcare, Manipal/TPG consortium, and Munjal and Burman family offices.
Renuka Ramnath(Mint File)
Renuka Ramnath(Mint File)

Renuka Ramnath’s resignation from panel likely to further delay Fortis sale

Hindustan Times, Mumbai | By Swaraj Singh Dhanjal, New Delhi
UPDATED ON APR 25, 2018 11:49 PM IST
Last week, Fortis Healthcare had approved evaluation of only binding offers and formed an expert committee to evaluate the proposals and make a final recommendation by April 26.
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