Malvinder Singh News
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Billionaire Nicolas Berggruen wants to talk about economic and political governance at the World Economic Forum’s annual meeting in Davos, Switzerland, this week. If only the more than 2,500 business and political leaders attending would put down their BlackBerrys.
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Fortis Healthcare Ltd. plans to list its pathology unit in India next year and is seeking other acquisitions in Asia after walking away from a bidding war for the region’s largest hospital operator.
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Fortis Global Healthcare Holdings Pte., controlled by billionaires Malvinder Mohan Singh and Shivinder Mohan Singh, agreed to buy units of Hong Kong-based Quality HealthCare Asia Ltd. for HK$1.5 billion ($193 million).
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Fortis Healthcare Ltd. , India’s second-biggest hospital operator, offered about S$3.2 billion ($2.3 billion) for the rest of Singapore’s Parkway Holdings Ltd. , topping a partial bid by Malaysia’s sovereign wealth fund.
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Fortis Healthcare India Ltd. plans to invest $1 billion over three years to boost growth in India and overseas, Chairman Malvinder Singh told reporters in New Delhi today.
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Fortis Healthcare India Ltd., India’s second-biggest operator of hospitals, fell to the lowest in almost seven months after agreeing to buy the international business of its billionaire founders.
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Maruti Suzuki India Ltd., the country’s largest automaker, locked out workers at a factory near New Delhi and ruled out restarting production until a probe is completed into rioting that led to the death of a manager.
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The following companies may have unusual price changes in India trading . Stock symbols are in parentheses and share prices are as of the last close .
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Maruti Suzuki India Ltd., the country’s largest carmaker, fell in Mumbai trading after the company said it’s halting a factory near New Delhi pending the conclusion of a probe into a deadly riot last week.
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Daiichi Sankyo Co. underscored its commitment to reforms at Ranbaxy Laboratories Ltd. under a five- year settlement with U.S. regulators, saying Chief Executive Officer Arun Sawhney will stay until 2017.
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