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news digest: flipkart's game plan, high oil prices, fortis sale, and more




after walmart deal, flipkart plans expansion into other categories it took a $16-billion stake sale, a change in the top management, and an entry of the largest retail giant in the world for flipkart to alter its game plan. read morehigher crude prices threaten govt's dividend income from oil psus r...



news digest: fortis stake sale, flipkart-walmart deal, rjio plan, and more




takeover battle: fortis healthcare board opts for munjal-burman offer the takeover saga at fortis healthcare, one of india’s leading healthcare chains, reached the culmination on thursday, with the board choosing the hero enterprises-burman family office offer as the best for the hospital and diag...



news digest: fortis battle, jio tariff, walmart-flipkart deal, and more




1. fortis battle may drag; tpg-manipal, ihh await shareholder verdict the takeover saga at fortis healthcare is far from over. a day after the fortis board chose, after a 15-hour long deliberation, the fund infusion offer from the hero enterprise-burman family office for the healthcare chain, other ...



fresh fund infusion by munjals and burmans may alter fortis sale plans




the plan for fresh capital infusion (of rs 12.50 billion) by hero’s munjals and dabur’s burmans has the potential to alter the entire deal scenario for fortis hospitals, such that the latter now has a scope to defer its sale altogether. speaking to business standard, sunil kant munjal, chairman,...



fortis stake sale: if things drag, no one will get anything, says munjal




a day after the fortis board chose their offer as the most suitable for the liquidity crunch-hit health care major, sunil kant munjal of hero enterprise along with anand and mohit burman of dabur had a busy day — talking to large portfolio investors, legal experts and also drawing up a strategic p...



news digest: fortis deal, air india sale, hotel occupancy, and more




fresh fund infusion by munjals and burmans may alter fortis sale plansthe plan for fresh capital infusion (of rs 12.50 billion) by hero’s munjals and dabur’s burmans has the potential to alter the entire deal scenario for fortis hospitals, such that the latter now has a scope to defer its sale a...



news digest: bharti infratel-indus merger, tax relief for flipkart and more




renuka ramnath quits fortis advisory panel, move may delay sale process the decision on finalising a buyer for fortis is going to take longer, as renuka ramnath , a member of the advisory committee to evaluate bids received for it, resigned on wednesday — a day before the crucial board meeting of ...



fortis healthcare falls after clarification on merger report




fortis healthcare has dipped 3.5% to rs 142, falling 8% from intra-day high of rs 154 on the bse, after the company said that the merger of hospital chains of fortis and manipal is still under evaluation by the management and no firm decision in this regard has been taken by the board. “on march 2...



iphone 8 is already discounted in india as part of flipkart's diwali sale




flipkart is selling the iphone 8 for ₹59,999 during its diwali sale.flipkart is kicking off the festival season with its four-day sale extravaganza, which sees the first discount on the iphone 8, which made its debut in the country last week. the retailer is selling the 64gb iphone 8 for ₹59,999...



apple days: flipkart offering discount, cashback on iphones, ipads and more




home-grown e-commerce giant flipkart is currently running a promotional offer on apple products. dubbed 'apple days', the sale started on february 12 and will go on until february 15. under the sale, the e-commerce portal is offering iphones, ipads and apple smartwatches at discounted prices, along ...



jhunjhunwala, shareholders question fortis-manipal deal over valuations




ace investor rakesh jhunjhunwala and many minority investors are said to be questioning the fortis healthcare deal with manipal hospitals, as per news reports. a private equity firm has also been reported of having increased its stake in fortis healthcare to attain extra voting rights of about 9.73 ...



flipkart's big shopping days sale: huge discounts, 100% cashback for 4 days




recently acquired by walmart, india's e-commerce giant flipkart announced its major four-day offer, big shopping days starting from may 13 and ending on may 16. this new sale will be the e-commerce giant's first big offer to their customers after the walmart acquisition, which will give the americal...



fortis hospitals to acquire singapore firm rht health trust for rs 4,650 cr




with this, fortis will acquire two hospitals and 12 clinical establishments that are currently operated by rht health subsidiaries, namely international hospital limited, fortis health management, fortis hospotel, escorts hearth and super speciality hospital, and hospitalia eastern private limited. ...



festive season sales: over 3k flipkart sellers sold goods beyond rs 10 lakh




while e-commerce marketplace flipkart might have outsold rival amazon by a factor of two in the largest sale of this festival season, sellers embedded on the platform, too, witnessed their best-selling days this year. flipkart has claimed that, this year, over 3,000 sellers saw sales exceed the rs 1...



news digest: essar steel sale, flipkart-walmart deal, tcs m-cap, and more




essar steel sale: lenders may give time to arcelor, numetal to rectify bids the committee of creditors (coc) for essar steel will meet on tuesday to take a call on the bids after thursday’s order by the ahmedabad bench of the national company law tribunal (nclt). sources close to the development s...



news digest: petrol price freezes, traders to fight flipkart deal, and more




govt may have to cut excise duty as price freeze hits oil firms' marginsmarketing margins of oil companies have come under severe pressure with the government freezing the daily revision of petrol and diesel prices ahead of the karnataka polls. read moretomato farmers see red as 3 years of bumper cr...



the e-commerce war of words: amazon, flipkart spar over no 1 spot




the value of goods sold by amazon india e-commerce platform rose 67 per cent year-on-year in  september quarter.  the gross sales by value also jumped 72 per cent during the quarter, according to a news report in livemint.  however, the sales volume growth of amazon india has actually slowed down...



fortis deal: investors to challenge if manipal-led group is winning bidder




two major investors in fortis healthcare, who have concerns over the bidding process for the cash-strapped indian hospital operator, plan to vote against a manipal hospitals-led consortium if that group is selected as the winning bidder. such a move risks complicating the bidding process for fortis,...



rejected manipal's offer to waive exclusivity clauses from deal: fortis




fortis healthcare said manipal health’s offer to waive exclusivity clauses from their agreement was rejected because of onerous conditions. manipal had offered a one-time waiver from exclusivity provisions under the agreement it signed with fortis last month. this would have allowed fortis to cons...



news digest: retail fuel price, fortis stake sale, nipah virus, and more




state bank of india posts record loss of rs 77 bn in q4; stock rises 3.7% the country’s largest lender, state bank of india (sbi), posted its highest-ever net loss of rs 77.18 billion for fourth quarter ended march 2018 (q4) as asset quality worsened and it made large provisions for bad loans. rea...



flipkart, amazon, others to display mrp, expiry date of products from today




e-commerce players like flipkart, amazon and ebay will have to display maximum retail price (mrp), expiry date and other important details about the products up for sale on their sites, starting monday. this is expected to assuage buyers' concern that e-sellers might be inflating prices much above t...



amazon offers to buy 60% stake in flipkart, but walmart still ahead




american e-commerce major amazon has formally entered the battle for flipkart, a move that may slow down rival walmart’s effort to buy a controlling stake in the bengaluru-headquartered firm. sources indicated that amazon, which aggressively competes with flipkart in the india market, has put in a...



renuka ramnath quits fortis advisory panel, move may delay sale process




the decision on finalising a buyer for fortis is going to take longer, as renuka ramnath (pictured), a member of the advisory committee to evaluate bids received for it, resigned on wednesday — a day before the crucial board meeting of the company. ramnath opted out right before the committee was ...



steam autumn sale cuts prices on 'shadow of war' and 'evil within 2'




entire franchises are on sale as well. the fallout series is seeing price cuts of 50 to 75 percent, while resident evil prices have dropped as sharply as 87 percent.the sale is notable for more than just the savings: this also marks the return of the steam awards. like last year, you're not nominati...



fortis sale: independent director quits board ahead of stakeholders meet




fortis healthcare on sunday said its independent director, tejinder singh shergill, has resigned from the board due to personal reasons. his resignation comes ahead of the crucial stakeholders’ meeting to be held on may 22 to decide the fate of four independent directors — brian tempest, harpal ...