The Fortis board indicated it was unable to engage with IHH due to binding agreements with Manipal Health Enterprises, Manipal Global Health Services and TPG Asia.
The issue received bids for 2.02 billion shares against the total issue size of 37.70 million shares.
India’s Future Group on Tuesday said it had tied up with UAE’s Khimji Ramdas Group to sell garments in Oman, and eventually across the Gulf region, in its first international foray. The Indian consumer goods firm, which sells everything from electronic goods and groceries to fashion apparel, plans to initially… Read more »
It also expects to have a licence to start providing home mortgages by July.
Uber users in India, who until now had Chinese Internet giant Alibaba-backed PayTM as the only payment wallet option available to book a ride, will now be able to pay through Reliance Jio Infocomm’s Jio Money. Reliance said on Monday it had struck a partnership with Uber Technologies Inc which… Read more »
The U.S. Food and Drug Administration has revoked an approval issued in March to India’s Sun Pharma Advanced Research Company Ltd (SPARC) to launch a drug for seizures, citing manufacturing quality problems at its production site. The move comes as a setback to SPARC, the research arm of India’s largest… Read more »