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.
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).
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.
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.
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.
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.