Johnson & Johnson lowers full-year sales forecast, shares fall

Jul 17 2018

The healthcare conglomerate said it expects full-year sales of $80.5 billion to $81.3 billion, compared with a prior range of $81.0 billion to $81.8 billion.

Fortis shares up 4 percent, m-cap rises by Rs 293 cr

Jul 13 2018

Shares of Fortis Healthcare rose by 4 per cent after its board approved Rs 4,000-crore offer from Malaysia's IHH Healthcare for 31.1 per cent stake in the healthcare company.

Fortis picks IHH to takeover hospital chain

Jul 13 2018

Fortis Healthcare today said its board has picked Malaysia's IHH Healthcare to take control of India's second-largest hospital chain, ending months of takeover battle.

IHH Healthcare wins race for Fortis, to invest Rs 4,000 cr

Jul 13 2018

After months of searching for an investor, cash-strapped Fortis Healthcare today said its board has unanimously accepted a binding offer from Malaysia's IHH Healthcare Berhad to invest Rs 4,000 crore in it by way of preferential allotment at Rs 170 per share.

Stocks to watch out for on Friday, July 13: Allahabad Bank, Idea

Jul 13 2018

Indian market will react to June IIP data which was at 8-month low at 3.2%. June CPI Data inched higher at 5% vs 4.87% MoM.

Zydus Cadila receives USFDA nod for migraine relief drug

Jul 12 2018

Zydus Cadila has received final approval from the US health regulator to market Zolmitriptan tablets, used to relieve headache, pain, and other migraine symptom.

Fortis board to meet on Friday to consider fund raising

Jul 11 2018

Cash-strapped Fortis Healthcare, which is in the process of finding a new investor, today said its board will meet on July 13 to consider raising funds through issue of securities on a preferential allotment basis.

Challenges in Indian healthcare persist despite much progress: Vice President

Jul 08 2018

Naidu said the country is making steady progress in healthcare status though there are several challenges to be addressed.

Fortis Board unable to determine if fraud has occurred: Auditor

Jul 07 2018

Independent auditor of the Fortis Healthcare, Deloitte Haskins & Sells LLP today said the Board of Fortis Healthcare are unable at present to determine whether a fraud has occurred on the company.

No change in audited results, evaluating bids: Fortis

Jul 07 2018

Fortis Healthcare today said there has been no change in its audited financial results compared to the unaudited numbers reported on June 27, 2018.

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