Apollo Hospitals’ returns on cath labs halve due to stent price cut
Apollo Hospitals Enterprise Ltd’s returns on investment (RoI) in cardiac catheterization laboratories (cath labs) have halved following the government’s decision to slash prices of coronary stents in February this year, reports Mint.
CRISIL to acquire data analytics firm Pragmatix
Rating agency CRISIL will acquire 100% stake in data analytics firm Pragmatix Services Pvt. Ltd for Rs56 crore, reports Business Standard.
ArcelorMittal, Tatas step up Essar & Bhushan Steel bids
Suzlon Global Services Ltd, the operations and maintenance (O&M) subsidiary of Suzlon Energy Ltd, is looking to raise up to $250 million by divesting a large minority stake, reports Mint.
Apax Partners, Carlyle Group may bid for stake in Royal Sundaram
Apax Partners and Carlyle Group LP are among suitors weighing bids for a stake in Royal Sundaram General Insurance Co., reports Bloomberg. Royal Sundaram, a unit of Mumbai-listed Sundaram Finance Ltd., has started a process to sell a 49% stake.
All is well at Infosys, says Narayana Murthy
Weeks after expressing his unhappiness with the board of Infosys Ltd, founder N.R. Narayana Murthy on Wednesday struck a conciliatory note and reiterated his confidence in chairman Nandan Nilekani’s leadership, reports Mint.
Singh brothers restructure Fortis, Religare
Two companies controlled by Malvinder and Shivinder Singh announced a reorganization as the brothers wrestle with debt and legal tangles, reports Bloomberg.
Delhi to get BS-VI fuel two years early to tackle pollution