Healthcare
IHH out of race for Fortis as board refuses to weigh offer
16 Apr 2018
Malaysia’s IHH Healthcare Bhd said today India’s Fortis Healthcare Ltd has declined to engage with the company regarding a takeover offer, which indicates that the Manipal Health Enterprises-TPG Capital combine is virtually certain to win Fortis
Hero’s Munjals and Dabur’s Burmans propose joint investment in Fortis
13 Apr 2018
Fortis Healthcare has received an unsolicited binding offer jointly from Sunil Munjal’s Hero Enterprise and the Burmans of Dabur to invest Rs1,250 crore directly in the company through a preferential allotment
Malaysia’s IHH plans to outbid Manipal Hospitals for Fortis: report
12 Apr 2018
Malaysian investment holding firm IHH Healthcare Bhd plans to bid for India's Fortis Healthcare Ltd at a price marginally better than Manipal Hospitals Enterprises Pvt Ltd's offer, Bloomberg reported today citing people aware of the matter
Manipal Hospitals acquires Fortis’ hospitals business
28 Mar 2018
The merger will create the largest hospital services provider in the country by revenue while also providing a strong promoter and shareholder base to both FHL’s hospitals businesses and SRL
As antibiotics fail, global consumption of antibiotics skyrockets, further driving drug resistance
28 Mar 2018
Manipal, Fortis hospitals pursuing merger deal
27 Mar 2018
Union cabinet approves 'Modicare' national health scheme
22 Mar 2018
The union cabinet has approved the launch of the government's ambitious health scheme, with budgetary support of Rs16,000 crore for 2018-19 and 2019-20
Malaysia's IHH Healthcare to bid for Fortis
14 Mar 2018
Doctors in Quebec feel overpaid, demand less pay!
09 Mar 2018
More than 750 doctors, residents and medical students from the Canadian province of Quebec signed a petition that requests their recently-agreed raises be cancelled, noting that drastic cuts by the government left some citizens without access to necessary medical services
US health insurer Cigna to buy Express Scripts in $67-bn deal
08 Mar 2018
The acquisition highlights a trend toward cost-control through the merger of insurers with medical suppliers and healthcare providers
Private hospitals fleecing patients on consumables, diagnostics
21 Feb 2018
An analysis of bills from four reputed private hospitals in Delhi and NCR by the NPPA reveals that they are making profits of up to 1,737 per cent on drugs, consumables and diagnostics that are not price controlled
NPPA lowers ceiling on stent prices further
13 Feb 2018
The maximum price of bare metal stent has been fixed at Rs7,660 against Rs8,000 earlier and that of drug-eluting stents (DES) at Rs27,890 against Rs31,000 previously
Singh brothers quit Fortis Board
09 Feb 2018
Late on Thursday, the Singh brothers – also the promoters of Ranbaxy Laboratories - stepped down from the Fortis board in connection with a case against Japan’s Daiichi Sankyo which they lost in the Delhi High Court
US set to slash funds for battle against global epidemics
02 Feb 2018
The US Centers for Disease Control and Prevention is dramatically downsizing its epidemic prevention activities in 39 out of 49 countries as funds run out, but India is among the countries that will continue to get priority
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
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