| | NOVEMBER 20268Fortis Healthcare Limited has acquired Suguna Ramaiah Hospitals Private Limited, a multispeciality tertiary-care facility in Rajajinagar, Bengaluru, in an all-cash deal worth about Rs 277 crore. The transaction was executed through its wholly owned subsidiary, International Hospital Limited, and covers the hospital's business, assets, land, and building. Established in 2006, the 110-bed hospital can expand to 150 beds and reported operating revenue of Rs 49.79 crore in FY26. Managing Director and CEO Dr Ashutosh Raghuvanshi said the move strengthens Fortis's presence in north-west Bengaluru, taking its operational bed count in the city to nearly 1,000, including operations and management facilities. It follows the January 2026 People Tree Hospital purchase. Unilever has raised its full-year underlying volume growth forecast to at least 3 per cent, up from around 3 per cent, after third-quarter sales beat expectations. Underlying sales rose 5.2 per cent against analysts' consensus of 4.8 per cent, with volumes up 2.9 per cent and HDFC Securities has named Abhishek Mehrotra Chief Distribution Officer, effective immediately. He will oversee product strategy and distribution across all channels, aiming to expand market presence and drive growth through a unified, customer-centric approach. Mehrotra, previously Head of Equity and Investment Products at the broking firm, has held leadership roles at HSBC Bank, HDFC Bank, Microsoft raised $25 billion through a 10-part bond offering that attracted more than four times the demand on offer, with orders peaking at about $115 billion. Maturities range from two to 40 years, and the sale was led by Wells Fargo, JPMorgan Chase, and UBS. It ended a nearly three-month lull in issuance by Big Tech hyperscalers and was Microsoft's first US investment-grade bond sale since 2017. The company is one of only two US-listed firms holding AAA ratings from both Moody's and S&P Global, setting it apart from rivals. One strategist cautioned that market concerns over AI spending and profitability have not fully eased for other borrowers. FORTIS HEALTHCARE ACQUIRES SUGUNA HOSPITAL IN BENGALURUUNILEVER LIFTS VOLUME GROWTH OUTLOOK AFTER STRONG Q3HDFC SECURITIES APPOINTS ABHISHEK MEHROTRA AS CHIEF DISTRIBUTION OFFICERMICROSOFT'S $25 BILLION BOND DEAL DRAWS HEAVY INVESTOR DEMANDNEWSROOM HEALTHCAREFMCGLEADERSHIP APPOINTMENTSTECHNOLOGY AND FINANCEprices up 2.3 per cent. Emerging markets drove performance, led by India, Latin America and Southeast Asia, said CEO Fernando Fernandez. It has also raised home and personal care prices to offset higher energy and transport costs linked to the Iran war. Unilever maintained its 2026 sales and margin guidance and expects roughly 5 per cent underlying sales growth in the second half. Reliance Securities, Aviva and ICICI Prudential Life Insurance. He is a CFA charterholder and has completed executive leadership education at IIM Ahmedabad. Managing Director and CEO Dhiraj Relli said the elevation reflects the company's belief in building its leadership pipeline from within and giving internal talent room to grow.
<
Page 7 |
Page 9 >