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When Centre visits the state Chola MS net crosses 100 crores Auto test tracks launched at GARC Oragadam campus TVS Logistics – another acquisition to sharpen the business model Blue Star plans a new plant in south Rating of states to be released soon People Flow Day- Safety Scoot offers just Rs.13,500 to ANZ... ALL-two launches in a row Adding Zest to Scooty Chola MS launches motor app Hyundai excites again Reality bytes Time to fast-pace the logistics sector - An aerospace-defence cluster in Tamil Nadu… Changing dynamics in human resource management LVB gears to become a financial supermarket TOP 10 CEO Compensation Purdue and IIT-M sign the dotted line OBO Bettermann for better lightning protection TCS’ revenues cross Rs 100,000 crore Make way for the new and dynamic railways Indigo stays leader with 40 per cent share Realty sector takes a break... Veritas Finance- financing the unfinanced IFCI to raise NCDs upto Rs 2000 crore Focus on self-certification and third party inspection Nothing to hide... Creating Tamil Nadu Banana brand WABCO’s second Chennai plant SumInfra- corridor based development... Striking cords for 25 years… Big-ticket investments march towards Punjab Durga - India’s largest blast furnace; now operational Innovation that helped Chennai port TiE applauds innovative entrepreneurs Tata Steel commence operations at Kalinganagar Indian Bank – global businesses crosses Rs 3 lakh crore... Business Briefs Ridley marathon to India Waste, a gold mine Celebration time at MS Chola ISRO's 100th mission Three more leather clusters… Realising double digit growth in Tamil Nadu Brand leaders come forward... Housing Innovation Challenge, 2015 Automotive Vision Plan II... Carrefour’s quick exit Well-refined – RIL’s refinery margins zoom Apple maps – finding its way Bridging the skill deficit in pharma industry Research needs more funding Holiday Inn opens in OMR Chennai An American alliance in the chemical industry? Four daughters and a proud father Techies trip to India Celebrating 180 years of relevance Sun Edison launches solar pumps Illicit markets a concern to growing economy European crisis is a global crisis! Airlines wage price war ALL to launch electric busses Economic, business and social sustainability Inclusive and forward moving... Nigeria comes nearer The new look- 4s Verna Downsizing spree... ECGC expands operations Curbing steel imports will hurt small business... TN budget pragmatic and moderate on fiscal deficit Is Indian telecom industry heading for a monopoly? TII-challenging year with flat growth On the ‘milky’ way Murugappa- a year of consolidation Placing the right shoe forward... Need to focus on ease of doing business... Flexible labour laws… Hero Motocorp - smooth ride More gensets and diesel engines from TAFE Backpack laboratory Dynamic e-commerce scenario Climate change may change the way businesses work... Business Breif Gem of social service... Towards peace of mind Chennai to get a roundabout Metro Digital retail transactions stabilise at higher level… ALL – truck industry is recovering from degrowth Applauding enterprise... Chennai will soon get its World Trade Centre Economic issues take a back seat at G20 summit BRICS development bank Strategy war escalates between Hero and Honda TII’s single largest investment at Thiruthani CUB: towards card-less withdrawal Connecting the unconnected Steel loses its sheen Smart controls for cooling large multi-zone spaces ... STFC raises money Secured NCDs from Shriram City Industry-well poised to invest on expansion Pharma market dozes Investor friendly Japan AirAsia India infuses funds to fight out competition Schwing Stetter India joins hands with US-based Gomaco A global plastic event in India World labour laws at a glance Chennai Port is at last decongested!
 
Four daughters and a proud father

Father of multi speciality hospitals in India, Prathap C Reddy, has gifted the Apollo empire to be largely run by his princesses. The octogenarian, in a management change, brought his four daughters into top controlling positions; altogether they own 34 per cent. At the helm, is still the founder who has hinted at his first daughter, Preetha Reddy to be his heir. She, along with the third daughter, Shobana Kemineni, became executive vice chairpersons from executive directors. Suneeta Reddy and the youngest daughter, Sangita Reddy, are now the managing director and joint managing director respectively.

This management change has already unfolded future plans for the empire: adding 2685 beds across 13 hospitals at a cost of Rs 2400 crore and opening up five cancer and heart speciality hospitals across India. Asia’s largest healthcare group witnessed commendable growth in the last few years. Since 2007 revenue has doubled to over Rs 4000 crore and profits tripled to over Rs 350 crore.

With over half of the employees being women, the group now has over 15 per cent women at top level positions. While the tenure of Shobana as exec-VC is uptill Jan 2015, the others will be in their position until Feb 2016.

 

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