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