Fortis Healthcare BUY Research Report by Motilal Oswal

Possibility of three-step value unlocking According to media reports, IHH Healthcare Bhd, Asia’s largest private hospital operator, may announce acquisition of a controlling stake in Fortis Healthcare Ltd (FORH) and SRL Diagnostics. In this note, we have evaluated the possibility of a three-step value unlocking in FORH: 1) IHH/private equity buying a controlling stake in…

India-Malaysia to Achieve Trade Target of US$ 15 Billion by 2013

The Union Minister of Commerce, Industry and Textiles, Shri Anand Sharma informed here today that India’s bilateral trade with Malaysia stood at nearly USD 13 billion last year registering a growth of 34% over the previous year. Addressing the members of India-Malaysia CEO Forum, Shri Sharma said, “while we had set a trade target of…

India are the Under-19 World Champions

It was an awesome sunday for Indian cricket. First the seniors beat the Aussies to go 1-0 up in the CB Series best of 3 finals. Then the India Under-19 team beat South Africa to lift the ICC World Cup. Read here. Above pictures courtesy: Cricinfo +++

Malaysian Indians look at LTTE

With the Malaysian minister asking TN Chief Minister Karunanidhi to lay off from his country’s mess, its nothing but double standards by the Malaysian government. If that’s the reason, why does Malaysia make so much noise about the situation in Myanmar and why does it espouse the Palestine cause and the muslim case around the…

L&T buys Malaysian Tamco’s switchgear business

India’s Larsen & Toubro Ltd said it is to acquire the de-merged switchgear business of Malaysia-based Tamco Corporate Holdings Bhd after entering into a share-sale agreement for an undisclosed sum. The engineering, construction and technology company said it will also buy three of Tamco’s switchgear manufacturing subsidiaries — Tamco Shanghai Switchgear Co Ltd in China,…