This past week was an action packed one for pharma and healthcare sectors, with events at Fortis Healthcare and the government slashing ceiling prices of coronary stents hoarding the headlines.Investors of Fortis had to sit through a roller coaster ride as the company’s stock reacted sharply to the news flow.The troubles for the company and its embattled promoters Malvinder Singh and Shivinder Singh, referred to as the Singh brothers, have got more complicated. Media headlines have called it the beginning of the "endgame" for the billionaire brothers.Close To be sure, the Singh brothers have indicated that they are not ones to take it on the chin and move on. related news Aditya Birla Fashion and Retail Q2 net loss at Rs 2.35 crore Jaypee Infratech insolvency: Lenders to meet on Nov 18 to comply with SC direction VA Tech WABAG posts consolidated Q2 profit at Rs 23.89 Crore "We would now like to fight for our justice and pride at this point and not for economics only," … [Read more...] about Pharma Weekly Wrap: Has the end game started for Singh brothers?
Baby calendars week by week
Editor’s Note: This story contains one of our Best Business Lessons of 2014. Check out the full list here. advertisement advertisement At Eugene, Oregon-based Palo Alto Software, a company that develops business planning and other business-focused software, every day is Take Our Daughters and Sons to Work Day. CEO Sabrina Parsons, who has led the company since 2007, is a staunch advocate of family-friendly policies and is trying to help her employees and others in the tech sector deal with the fact that people have babies. Taking care of them shouldn’t derail your career. Parsons says that the juggling work and parenting is tough for all parents, but the physical and societal demands placed on women hold particular challenges. From getting pregnant and giving birth to the disparity in many caregiving situations, she says parenting puts women’s careers at risk more than men’s. “You’re in the prime of your career with all of this experience, … [Read more...] about The Tech Company With The Radical Idea That Having A Baby Shouldn’t Derail Your Career
With a chargesheet against Mehul Choksi in a case pertaining to PNB fraud likely to be filed by Friday, all eyes will be on Enforcement Directorate in the week. The directorate, which has been in the thick of action, had last week quizzed Rajasthan Royals co-owner Raj Kundra for over 10 hours in a Rs 2000-crore bitcoin scam.Tony Fernandes misses CBI summonsAirAsia chief Tony Fernandes was on June 6 supposed to join the CBI investigation into the alleged violation of rules to obtain flying licence. He, however, claimed that he did not receive any summon from the CBI.Close “We wish to state categorically that neither AirAsia Group nor Tan Sri Tony Fernandes, in his personal capacity, has received any such notice as of today,” the company said in a statement on Tuesday. related news Tata Motors global wholesales dip 19% in October Fraud-hit CG Power asks firms linked to promoter Gautam Thapar to return Rs 3,300 cr IL&FS crisis fallout: SEBI takes a dim view of … [Read more...] about ED action to be in spotlight this week, chargesheet in Mehul Choksi case by Friday
Moneycontrol NewsFortis Healthcare got a second downgrade of its loans within a week, this time from Care Ratings, which lowered ratings on borrowings worth Rs 853 crore.The rating agency cited concerns over liquidity position after a disclosure by the company about advances extended to promoters, specifically the Singh brothers.The loans included Rs 53 crore loans of Fortis Healthcare's subsidiary Escorts Heart Institute and Research Centre.Close “The revision in ratings assigned to the bank facilities and short-term instruments of Fortis Healthcare Ltd (FHL) takes into account the impact on FHL’s liquidity profile given the disclosure made by the company on significant advances extended to related parties,” Care said in a statement. related news Aditya Birla Fashion and Retail Q2 net loss at Rs 2.35 crore Jaypee Infratech insolvency: Lenders to meet on Nov 18 to comply with SC direction VA Tech WABAG posts consolidated Q2 profit at Rs 23.89 Crore This was … [Read more...] about Fortis gets second rating downgrade on loans this week
Whose job is it to sign the kids up for summer camp, fill out (and fax) the tedious forms, make sure that peanut-free lunches are packed every evening, and drive children to their fun-filled destinations each day? advertisement advertisement In many households–even in this age of egalitarian marriages and dual-income households–much of this minutiae of parenting falls to mom. And it’s burning women out, both at home and at the office. What’s causing this gulf in responsibility, and what’s a modern couple to do? The first important step is to acknowledge that there’s a problem. Inequality Starts With Parental Leave Many couples happily sail along as equals before they have their first child, dividing jobs at home, charging ahead at the office, and dreaming of the family they’ll create together. Today, millennial women are more highly educated than their male counterparts; Millennial men, when surveyed, say that they want to be much … [Read more...] about A Practical Guide For Working Parents To Divide Household Responsibilities