Abu Dhabi fund, CVC, among suitors for $1 billion NMC hospital businessHospital operators in the region have reported higher profits for last year as the COVID-19 pandemic led to higher in-patient occupancy.
03 Mar, 2021, 04.43 PM IST
BR Shetty seeks probe by CBI, ED into $6 billion ‘fraud’ in his companiesThe founder of hospital chain NMC Healthcare and UAE Exchange has sent a written complaint to the Central Bureau of Investigation and Enfor...
08 Oct, 2020, 07.16 AM IST
BR Shetty: What's in a name? Banks count cost of loans in NMC collapseBR Shetty's NMC imploded this year on allegations of fraud & disclosure of more than $4 bn in hidden debts.
13 Jul, 2020, 10.26 AM IST
Abu Dhabi wealth fund weighs stake in BR Shetty’s troubled NMCThe potential deal comes as NMC faces allegations by Carson Block’s Muddy Waters Capital LLC that its financial statements hint at potentia...
01 Mar, 2020, 02.03 PM IST
Jet-setting billionaire Bavaguthu Raghuram Shetty had it all. Then Carson Block came alongShetty founded NMC in 1975 after moving to Abu Dhabi from his native India. He created Finablr two years ago to consolidate his financial b...
21 Feb, 2020, 08.56 AM IST
How Muddy Waters is hammering Indian billionaire’s NMC HealthNMC’s margins are “too good to be true” relative to peers, said Muddy Waters.
27 Jan, 2020, 03.15 PM IST
National Medical Commission Bill gets Cabinet nod, to be introduced in current session of ParliamentThe NMC Bill proposes a common final year MBBS exam, to be known as National Exit Test (NEXT), for admission to post-graduate medical cours...
17 Jul, 2019, 09.02 PM IST
UAE-based Indian billionaire Shetty hit by double blow in stock marketShetty, 76, a native of Karnataka state in southwest India, moved to Abu Dhabi in 1973 and founded NMC in 1975.
25 Jun, 2019, 09.08 PM IST
IIM Udaipur concludes summer placementsWith a 28% increase in batch size over the previous year, the institute has managed to place its batch of 232 students, with 37% non-engine...
23 Jan, 2018, 06.06 PM IST
UAE Exchange and Travelex to go for global IPOShetty who was in Kochi, said the UAE Exchange which acquired the premier retail forex company Travelex last year is planning to go for a g...
29 Dec, 2015, 04.48 PM IST
- Sunil Vaswani tops list rich Indians list in the Gulf region
Dubai-based Sunil Vaswani, whose firm, Stallion Group, is worth $7.2 billion, has topped the Indian rich list for 2015 in the Gulf region.
09 Feb, 2015, 02.15 PM IST
More assurance of help to 46 nurses from strife-torn IraqOf the 46 nurses, 45 hail from various districts of Kerala and one belongs to Tuticorin in Tamil Nadu.
07 Jul, 2014, 03.35 PM IST
UAE-based Indian businessman offers jobs to 46 Indian nursesNMC Healthcare Group CEO Dr B R Shetty has made the offer to nurses, assuring them he would find place for them in the UAE, an NMC official...
06 Jul, 2014, 01.29 PM IST
India-born B R Shetty buys Travelex for Rs 9,800 croreApax had previously been planning a London listing of Travelex in May or June this year. The market for listings has cooled in recent weeks.
24 May, 2014, 12.07 PM IST
NMC Group plans to invest Rs 500cr in Indian healthcare sectorAbu Dhabi-based New Medical Centre group plans to invest Rs 500 crore in healthcare sector in India, company's CEO B R Shetty has said.
03 Apr, 2013, 12.12 PM IST
BR Shetty, owner of 2 floors in Burj Khalifa, wants to bring NMC hospital chain to IndiaBesides big investments, Shetty's NMC Healthcare will be running a chain of super-speciality hospitals in India, if things go according to ...
04 Nov, 2012, 09.10 AM IST
- NMC Healthcare plans to set up hospital in Manipur
Shetty’s group NMC Healthcare has six healthcare facilities in the UAE and has acquired a hospital in Alexandria, Egypt.
07 Jan, 2012, 06.08 PM IST