According to reports, Fortis Healthcare is likely to strike a deal to get hold of 74% equity stake in unlisted Wockhardt Hospitals for about Rs 7.5 billion.
If the deal get finalizes, Fortis will have to invest Rs 4 billion during the initial phase to acquire a 40% equity stake, which will be raised later.
But, a formal agreement is yet to be sealed, with both companies in the process of ironing out differences, which include the issue of branding the hospital chain, the report added.
San Francisco - In a move that could ring in big changes in the way customers use their mobile phones, internet telephone company Skype will introduce its free software for the iPhone on Tuesday, with versions for other smartphones following in May, the New York Times reported Monday.
Skype already boasts that 400 million customers around the world are using its peer-to-peer telephone system that allows free calls to other Skype members and cheaper rates than other phone companies for calls to landlines and mobile phones.
According to reports, India's foremost privately-owned airline Jet Airways intends slashing its fleet capacity - the airline had earlier announced 18-20% reduction in its winter schedule from October to February.
The airline's Chief Commercial Officer Sudheer Raghavan said that the cuts result from "excess manpower," the company would try to redeploy the affected fleet members for providing better customer service.
Mr. RC Bhargava, Maruti Suzuki chairman, on Thursday, said that Tata Motors newly announced mini car ‘Nano’ will have a marginal impact on Maruti-800 sales.
However, Mr. Bhargava said that Maruti would not slash prices to go up against the latest offering from the Tata stable.
Two-wheeler manufacturers including Hero Honda, Bajaj Auto and TVS Motors, too, understated the expected impact of Nano, and said that the two-wheeler market would remain untouched by the Nano attack.
Country’s largest telecom firm, Bharti Airtel had made it clear that it is not looking at raising fresh funds through foreign investors.
Speaking on the sidelines of an industry event, Sunil Bharti Mittal, Chairman, Bharti Airtel said, “We don't have any plans to raise money, although the headroom is there.”
It can be recalled that government recently had released new guidelines that said foreign investment made via an entity owned or controlled by a resident Indian would be considered as local investment.
According to reports, Fortis Healthcare is likely to strike a deal to get hold of 74% equity stake in unlisted Wockhardt Hospitals for about Rs 7.5 billion.
San Francisco - In a move that could ring in big changes in the way customers use their mobile phones, internet telephone company Skype will introduce its free software for the iPhone on Tuesday, with versions for other smartphones following in May, the New York Times reported Monday.
According to reports, India's foremost privately-owned airline Jet Airways intends slashing its fleet capacity - the airline had earlier announced 18-20% reduction in its winter schedule from October to February.
US health regulator Food and Drug Ad
Mr. RC Bhargava, Maruti Suzuki chairman, on Thursday, said that Tata Motors newly announced mini car ‘Nano’ will have a marginal impact on Maruti-800 sales. 
Country’s largest telecom firm, Bharti Airtel had made it clear that it is not looking at raising fresh funds through foreign investors.
