Indian hospital operator Fortis Healthcare Ltd, which recently agreed to be bought by Malaysia’s IHH Healthcare Bhd, reported a quarterly loss on Tuesday.
As per the filing, the company has entered into an agreement to acquire 51 per cent share capital of Windlass Healthcare Pvt Ltd.
Cadila Healthcare reported over three fold jump in consolidated net profit to Rs 460.5 crore for the quarter ended June 30, 2018 on account of robust sales.
Indian shares ended lower for a second straight session, led by financial stocks such as HDFC and HDFC Bank, while the rupee hit an all-time low against the dollar.
The government is taking steps to ensure proper care of India's elderly population whose population will cross 340 million by 2050, Minister of State for Health Anupriya Patel said.
Wadhwani Initiative for Sustainable Healthcare (WISH Foundation), set up by IGate Co-founder Sunil Wadhwani, is planning to add 100 technology-enabled health and wellness centres in the country by October, its founder donor said.
Tata Trusts signed an agreement with Nagaland government to roll out a cancer care programme in collaboration with the public healthcare system of the state.
GlaxoSmithKline Consumer Healthcare today posted 51.58 per cent increase in its net profit to Rs 200.44 crore for the first quarter ended June 30.
Spire Healthcare shares hit a record low on Monday after it warned of sharply lower full-year core earnings on fewer referrals from Britain’s publicly funded National Health Service (NHS).
BSE Sensex started the week strong at 37,491.39 and climbed to life highs at 37,711.87 and low of 37,128.99, the index closed the week at 37,556.16, showing a gain of 219.31 or 0.59 per cent.
Aircel moves SC to make Airtel clear dues
Alleges that the co withholding Rs453 Cr of bank guarantees paid on its behalf
Bank guarantees have lapsed and Aircel wants Airtel to pay the money
Alleged that Airtel is trying to usurp the sum
Aircel says without the money it may get liquidated
Bain joins KKR in race for Max Healthcare stake
PE firms look to buy 47% stake from Life Healthcare for $450-540 Mn
To decide on buy back of shares on Aug. 20
JET AIRWAYS CLARIFIES
Co planning $400 Mn stake sale is speculative in nature
Jet Auditor BSR may quit if issues are not resolved is factually incorrect
Have been pro-actively working on multiple revenue enhancements
Evaluating various funding options to meet liquidity requirements on priority
Relationship with Etihad Airways very strong
No delays in discharging any loan obligations to any of the lenders
Default status in tabular statement only due to technical errors, rectified now
Clarifies that reports of stake sale are purely speculative
Also Clarifies that rumors of auditor quitting if issues not solved are factually incorrect
Seeks lenders help in bid to avoid default
Airline wants waiver of loan covenant on existing debt facility of $185mn
Co has to repay or refinance at least $500mn of existing debt to avoid default
Told lenders it won’t be able to meet min $50mn profit condition for FY19
Consortium of lenders yet to decide on Jet’s request
Airline’s total debt was Rs 9430 Cr as on 31st March 18
NSE TO JET AIRWAYS
Have noticed a difference in your responses dated August 9 & 10
Clarify whether mgmt extension from audit committee as per Aug 10 response
Or did Audit Committee not recommend results to board as per Aug 9 response?
In Aug 10 response, details of "Certain Matters Not Closed" not provided
Provide exact reasons for which audit committee has not approved results
Again ask you to give us date when board meet to consider results will be held