Fortis, International Oncology tie knot for fighting “CANCER” in India

Fortis, International Oncology tie knot for fighting “CANCER” in IndiaFortis Healthcare, India's fastest growing healthcare chain has entered into partnership with International Oncology, a US-based company formed by a group of Indian doctors working overseas.

Under the arrangement, a team of about 12 doctors from International Oncology would give their services regarding cancer care treatment, including radiation therapy, medical oncology, surgical oncology and bone marrow transplant at Fortis' Noida hospital.

In addition, other doctors from the UK and other countries are expected to join the alliance soon.

Both partners stated in a release that, based on the experience and outcome of the alliance, they would also expand their collaboration to other hospitals of Fortis.

Apart from latest development, International Oncology is also looking to set up independent hospitals in India, particularly at tourist destinations such as Jaipur and Delhi to attract foreigners. The company plans to spend around $50 million in India over the next five years.

Latest study reports revealed that there are about 30 lakh cancer patients in the country and it is one of the fasting growing classes of diseases along with lifestyle related diseases.


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Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Owner of Energy giant Reliance Industries, Mukesh Ambani has put in an extra 0.68% in EIH Ltd. With this, his total stake in the hotel chain has increased to 14.8%. In a filing to the Bombay Stock Exchange, EIH said that the shares were purchased from the market on Tuesday.

Shares of Reliance surged 0.3% at Rs. 939.3 in proportion to the Mumbai market at 1.26pm, while EIH shares witnessed a 4.5% rise at Rs. 150.2.

On Monday, Reliance was quoted saying that it is widening its horizon and has procured 14.12% stake in EIH for a sum of $217.5 million.

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

On Thursday, Bajaj Auto posted a 55% increase in its sales of vehicles. In the month of August, the Company recorded sales of 3,29,364 vehicles, compared to 2,13,072 units in the same month the year before.

Last month, 2,89,176 two wheelers were sold by Bajaj Auto, a big surge than 1,82,441 units, which were sold in August 2009. The Company’s cumulative sales of two wheelers for the time frame between April and August 2010 increased by 68% and were recorded at 1,397,348 units. The number was high from 833,235 units that were retailed during the same period last year.