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Fortis to start two affordable hospitals
Fortis Healthcare is likely to come up with two low-cost hospitals in two years in an effort to test its affordable health care model. Although the firm is reluctant to divulge the exact locations of these greenfield ventures or the total investment into the project, the health care major is likely to open these hospitals in north and western India while attempting to cut down its capital expenditure there by about 50 per cent.

'The downturn actually helped us to an extent'
Byravee Iyer / Mumbai January 5, 2010, 0:31 IST

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A long-term play
JSW Energy’s track record and high revenue visibility are some clear positives, but the IPO leaves little to gain from in the short-term.
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Monster Worldwide posts Q2 loss of $1.37 mn

Monster Worldwide, the parent company of global online employment solution provider Monster.Com, today reported a net loss of $1.37 million in the quarter ended June 30 this year. - Tata Teleservices incurs Q1 net loss of Rs 34 cr - Indiabulls Sec posts Rs 13-cr loss - Religare Enterprises Q4 net loss at Rs 63.24 cr - FedEx Q4 net loss widens to $876 mn - Hinduja Foundries Q4 net loss at Rs 7 cr - Punj Llyod loss in FY09 due to SABIC case: Atul Punj The company had a net income of $30.83 million in the corresponding year-ago period, Monster Worldwide said in a statement. Revenues rose to $223.05 million in the second quarter ended June 30, 2009, from $354.29 million in the same quarter last fiscal. During the quarter, Monster"s net cash and securities stood at $235 million. For the first half of 2009, the online employment solution provider reported total revenue of $477 million as compared to $721 million in the comparable period last year. The company posted a loss of $12 million for the six months ended June 30, 2009, as against a net income of $53.42 million in the year earlier. Monster Careers revenue declined 37 per cent to $413 million compared with $658 million in the 2008 period. The company"s revenue from internet advertising and fees stood at $64 million, a slight increase over the $63 million in the prior year period.


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