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Takeover battle looms for Fortis

It looks like the duo of Malvinder Singh and Shivinder Singh have a fight on their hands for the control of Singapore-based hospital firm Parkway Holdings.
Fortis, the hospital chain promoted by the duo, had acquired a 25.3 per cent stake in Parkway in March. Now their hold is being challenged by Khazanah Nasional, the M

Nath: Firms to get road funds

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The government is banking on the private sector for the bulk of the $60 billion investment needed for its ambitious five-year programme to fill the “road deficit”, the Union highways minister, Mr Kamal Nath, said on Thursday.

Mary Kom, Sarita march into semis

Four-time world champion M.C. Mary Kom (46kg) and L. Sarita Devi (51kg) were assured of at least a bronze medal each after they eased into the semifinals of the Asian women’s boxing championship in Astana, Kazakhstan.

Costa Rica’s Figueres to head UNFCC

The UN Secretary-General has appointed the Costa Rican diplomat Christiana Figueres to replace the outgoing head of the UN Framework Convention on Climte change (UNFCC) Yvo de Boer.

Coal PSU’s CMD held by CBI for taking bribe

The CBI on Wednesday arrested five persons, including the chairman-cum-managing director of the South Eastern Coalfields Limited and the managing directors of two private companies on corruption charges. It also recovered Rs. 1.5 crores during the searches.

GoM on caste census

With the Union Cabinet continuing to remain divided on whether to include caste as a factor in the ongoing national census, Prime Minister Manmohan Singh on Wednesday set up a Group of Ministers to look into the politically sensitive matter.

HC, Praful get Air India flying again

A flash strike by Air India (domestic) ground staff and aircraft maintenance engineers was called off by union members on Wednesday evening after a stay order by the Delhi high court. Air India, meanwhile, dismissed 17 union leaders and suspended 15 others. Sources said more dismis-sals may follow.

Canada insists on visa insults, angers India

There was further reason for India to be greatly annoyed with the Canadians after it emerged on Wednesday that an Intelligence Bureau official who was to have travelled to Canada as part of preparations for the Prime Minister’s forthcoming visit to that country was denied a visa as his organisation had “engaged in violence”.

Kalmadi’s 2,000 Scorpios sting Sheila

The Commonwealth Games Organising Committee, chaired by Mr Suresh Kalmadi, will not be bothered by the recent hike in road tax and VAT for buying vehicles. The committee on Wednesday received official approval from the Delhi government to buy 2,000 Scorpio SUVs without paying the seven per cent road tax and 12.5 per cent VAT on every vehicle.

2-3 days for normal AI ops

The Air India employees’ strike had led to large-scale disruption of flights of Air India (domestic). Well over 100 flights were cancelled by the airline during the 30-hour strike even as about 13,000 passengers were affected by the strike that cost the airline about Rs 12 crores. Air India sources said it could take between two to four days to ensure complete flight operations normalcy, considering the large-scale cancellation of flights. Air India (domestic) will operate 78 flights on Thursday.

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