Caught in the takeover battle for Singapore-based hospital chain Parkway, Fortis Healthcare on Wednesday said that it would raise up to Rs 2,750 crore through the securities market.

With the draft direct taxes code being criticised for its proposal to tax long-term savings among others, the finance ministry on Wednesday said a revised draft will be put for public comments within a month for addressing the concerns of all stakeholders.

The Indian auto industry sold 12,08,851 units in May — a record sale for the month of May — on the back of an improved economy and an increase in consumer spending.

Within days of making it mandatory for listed companies to have at least 25 per cent public holding, the government on Wednesday said it was open to changes depending on the feedback it was getting.

The government is hoping to reap a bonanza from the disinvestment of public sector units (PSUs). The Union minister of state for heavy industry and public sector enterprises, Mr Arun Yadav, said on Wednesday that the government would list 35 public sector companies on the stock markets over the next five years.

The Army on Tuesday ordered a court of inquiry to investigate allegations of sexual misconduct against its engineer-in-chief, Lt. Gen. A.K. Nanda, by the wife of a subordinate officer of the rank of colonel.

The Right to Education Act, guaranteeing education as a right to children between six and 14 years, is now witnessing some ugly bickering over who will foot how much of the cost of implementing it.

Union law and justice minister M. Veerappa Moily said on Tuesday, a day after the Bhopal gas tragedy judgment, that the case against former Union Carbide chief Warren Anderson was not over and that he can be brought back and tried. He, however, refused to discuss the implications of the verdict on the current debate over the Civil Nuclear Liability Bill.

The premier medical institute All India Institute of Medical Sciences has acquired O-arm imaging machine. “We have acquired an O-arm machine for spinal injury surgery. This machine helps minimise the risk and one can see image of any body part in real time and with this the chances of going wrong become negligible,” medical superintendent Prof. M.C. Mishra said.

The Delhi government is planning to draft the new Municipal Corporation of Delhi Act in six months through which it intends to end the inspector raj in sanction of building plans. The new law, which will replace the Delhi Municipal Corporation Act, 1957, will enforce time-bound completion of development work.