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15 January, 2019 4:10 PM Fortis avails Rs 1,100 cr loan from Citibank

Fortis Healthcare on Tuesday said it has inked a pact with Citibank to avail a loan of Rs 1,100 crore in order to take care of its contractual commitments and strategic objectives. The loan agreement was executed on January 10, with certain CPs (commercial papers) for disbursal being fulfilled on January 14, Fortis Healthcare said in a regulatory filing 156

14 January, 2019 12:48 PM Shalby Hospitals in talks to take control of two hospitals in Delhi, Kolkata for Rs 250 crore

The Delhi hospital has a 150 bed capacity, while Kolkata is a 200 bedded hospital. Shalby Hospitals, which is on an expansion spree is in talks to take over two hospitals in Delhi and Kolkata at an estimated cost of around Rs 250 crore. The Delhi hospital has a 150-bed capacity, while Kolkata is a 200-bedded hospital. “We typically go for the 150-200-bed hospital 269

14 January, 2019 12:33 PM Sachin Bansal invests Rs 150-cr in Ola

New Delhi: Flipkart co-founder Sachin Bansal has pumped in about Rs 150 crore in ride-hailing platform Ola, according to documents filed with the Corporate Affairs Ministry. "... 70,588 fully and compulsorily convertible, cumulative 'Series J' Preference Shares' having face value of Rs 10 having the rights, privileges and preferences... Is hereby allotted 536

14 January, 2019 9:20 AM Bharti Airtel in talks to buy Telkom Kenya: Sources

India's Bharti Airtel is in talks to buy Telkom Kenya, the East African nation's smallest telecoms operator, to create a stronger challenger to market leader Safaricom, three industry sources told Reuters on Monday. London-based Helios Investment, which owns a 60 percent stake in Telkom, is looking to partly cash out of the investment which it entered 161

11 January, 2019 7:17 AM Jeff Bezos' $69 billion likely alimony to wife MacKenzie more than GDP of over 100 countries

Jeff Bezos' fortune =has soared as high as $160 billion thanks to his stake in Amazon. New Delhi: World's richest person Jeff Bezos and his wife MacKenzie's divorce may come with a hefty price tag for the Amazon founder. The news of world's richest person and Amazon.com Inc founder and Chief Executive Jeff Bezos seeking divorce from his wife MacKenzie 118

10 January, 2019 1:06 PM Three-time CM Sheila Dikshit appointed Delhi Congress chief

New Delhi: Former chief minister Sheila Dikshit has on Thursday been appointed as the new president of Delhi unit of Congress. She succeeded Ajay Maken who resigned last week. On being appointed as the Delhi Congress chief, Dikshit said, "I am honoured that the party has given me this opportunity." Congratulating Dikshit, former DPCC Chief Ajay Maken 97

10 January, 2019 12:23 PM Amazon to Invest in French Firm's Technology for Self-Driving Forklifts

Amazon could build a stake of almost a third in warehouse robotics firm Balyo in the next seven years, as part of a deal that could boost sales of the French company's technology for self-driving forklift trucks. Warehouse automation is a key element in efforts by Amazon to cut costs and speed up deliveries. The world's biggest online retailer currently 151

9 January, 2019 2:50 PM Amazon CEO Jeff Bezos, wife Mackenzie decide to divorce

Amazon.com Inc Chief Executive Jeff Bezos and wife MacKenzie Bezos have decided to divorce after a long trial separation, Bezos said on January 8 in a joint statement by the couple on Twitter. Amazon.com again became Wall Street's most valuable company this week, surpassing Microsoft Inc. Bezos' fortune has soared to more than $160 billion, thanks to his stake 132

9 January, 2019 5:19 AM Kridhan Infra jumps 9% after Singapore subsidiary bags order worth over Rs 160 cr

Kridhan Infra's subsidiary will construct link sewers for the DTSS Phase 2 project at Old Choa Chu Kang Road/ Jalan Bahar, in Singapore. Kridhan Infra shares rallied 9.3 percent in morning on Wednesday after company's Singapore subsidiary Swee Hong Limited bagged order worth over Rs 160 crore. "Singapore Subsidiary – Swee Hong Limited, together with its step-down 178

9 January, 2019 3:18 AM IL&FS Crisis: Lenders Asked To Classify Loans To Firm As Non-Performing, Says Report

In October, the government took control of IL&FS, after a string of defaults on debt obligations by the company spooked domestic markets. The Reserve Bank of India (RBI) has asked lenders of Infrastructure Leasing and Financial Services (IL&FS) to classify loans extended to the bankrupt shadow banking firm as non-performing, two sources with direct knowledge 208