Fortis Healthcare posts first-quarter loss

Aug 14 2018 | 1 hrs ago

Indian hospital operator Fortis Healthcare Ltd, which recently agreed to be bought by Malaysia’s IHH Healthcare Bhd, reported a quarterly loss on Tuesday.

Cadila Healthcare to acquire Windlass Healthcare for Rs 155.55 cr

Aug 13 2018

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 Q1 profit over threefold to Rs 460 cr

Aug 13 2018

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.

Sensex, Nifty end lower as rupee hits record low; financials weigh

Aug 13 2018

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.

India's elderly population will cross 340 million by 2050

Aug 10 2018

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.

WISH Foundation to add 100 health and wellness centres in India by Oct

Aug 09 2018

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 to roll out cancer care programme in Nagaland

Aug 08 2018

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 Q1 net jumps 52% to Rs 200 cr

Aug 07 2018

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.

Lower NHS referrals dent Spire Healthcare's profit view, shares sink

Aug 06 2018

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).

Sensex marks second straight weekly gain, up 219 points

Aug 04 2018

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.

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Stocks In News



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

ET reports


Bain joins KKR in race for Max Healthcare stake

PE firms look to buy 47% stake from Life Healthcare for $450-540 Mn

ET reports


To decide on buy back of shares on Aug. 20


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

Mint reports


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

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