Latest news with #Gleneagles
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Business Standard
11 hours ago
- Business
- Business Standard
IHH inks Fortis-Gleneagles O&M deal to strengthen pan-India platform
Under the agreement, Fortis will manage operations of six Gleneagles hospitals and one clinic, earning a monthly fee and expanding its bed capacity and national presence Sanket Koul New Delhi In a bid to consolidate its healthcare presence in India, Malaysian healthcare major IHH on Wednesday announced an operation and maintenance (O&M) services agreement between its two subsidiary companies—Fortis Healthcare and Gleneagles Healthcare India (GHIPL). As part of the agreement, Fortis will manage the operations of five out of the six hospitals and one clinic under the Gleneagles India network. The agreement will become effective for the sixth hospital—Gleneagles BGS Hospital in Karnataka—upon receipt of acceptance and acknowledgment from certain third parties. The move expands Fortis' geographic footprint by increasing beds under its management, and provides incremental revenue and improves profitability through direct service fees. As part of the deal, Fortis will be entitled to receive a monthly service fee at the rate of 3 per cent of the net revenue of GHIPL's hospitals business on a consolidated basis, which stood at Rs 718.5 crore as of March 31, 2025. Fortis' consolidated revenue stood at Rs 7,783 crore for the full financial year 2024–25 (FY25), of which Rs 6,528 crore came from its hospital business. The healthcare major currently has 4,750 operational beds, including O&M beds, in 27 facilities. It recorded 69 per cent bed occupancy, generating an average revenue of Rs 2.42 crore per occupied bed in FY25. The Delhi-based chain, however, added that the arrangement with Gleneagles is being done on an arm's length basis, as determined by an independent financial adviser. 'The arrangement does not entail any acquisition and is only for the provision of O&M services,' Fortis said in a regulatory filing on the exchanges. The filing also stated that GHIPL shall bear all third-party and out-of-pocket expenses incurred by Fortis, in the manner laid down in the definitive documents. Commenting on the deal, Prem Kumar Nair, group chief executive officer of IHH, said the O&M services agreement reflects the company's commitment to long-term growth in one of its most important markets. He added that this is being done by deepening collaboration to enhance patient care and outcomes and drive greater operational efficiencies.
BreakingNews.ie
2 days ago
- Politics
- BreakingNews.ie
Geldof's threat to quit Blair's Africa Commission
A furious Bob Geldof threatened to storm out of Tony Blair's Commission for Africa – warning it was in danger of becoming 'a laughable grotesque', according to newly-released government files. The Live Aid campaigner was instrumental in persuading Mr Blair to set up the commission to examine the problems of the continent ahead of a crucial summit of the G8 at Gleneagles in Scotland, which the UK was chairing. Advertisement But official papers released to the National Archives in Kew, west London, show he was outraged when – after just one meeting – the commissioners were sent a document setting its 'emerging conclusions'. In an angry letter to the commission's director of policy, the economist Sir Nick Stern, dated August 9 2004, he said it was impossible to have come to any conclusions it such a short period of time. The former rock star warned that he was not prepared to serve on a body which was simply there to push 'pre-determined government policy'. 'To be clear, policy must be determined by the commission independently sitting and independently deliberating and concluding of its own volition. This distinction is vital. If I have got this wrong please inform me so I may tender my resignation,' he wrote. Advertisement 'More broadly, the whole notion of emerging solutions is laughable. If the solution to the misery of Africa can be 'concluded' within a mere six week time span, it is a truly remarkable feat. 'How blind we must all have been these past years. The fact is that there are not and cannot as yet be any emerging conclusions. 'The commission will lose all credibility if it is not clearly seen to be an independent entity. If it seems to advance pre-determined government policy it will be correctly viewed as a laughable grotesque.' Bob Geldof with Bono and Tony Blair in Downing Street. Photo: PA. Geldof went on to complain that the involvement of some of the commissioners – including some of those from Africa – appeared to have been 'minimal'. Advertisement 'Is it not the secretariat's function, on behalf of the chair, to ensure that this is not the case? Or is this all some farcical political game played out at the expense of the wretchedly poor? If so, I ain't playing.' Sir Nicholas wrote back hurriedly to assure him the that the document was not an attempt pre-empt the commission's findings, and that the input from British politicians had been 'comparatively minor'. 'Far from being an attempt to rush conclusions the paper is intended to to be a tool to help promote discussion and ensure a real interchange between commissioners at the second meeting in October,' he wrote. 'I would be very keen to sit down and discuss these questions with you; perhaps we could meet for a drink as soon as we are both around?' Advertisement Geldof's reply is not recorded in the files, but he was sufficiently placated to carry on. After the Gleneagles summit the following year agreed to double aid to Africa and extend debt relief, he hailed it as 'mission accomplished'.
The Independent
2 days ago
- Politics
- The Independent
Bob Geldof threatened to quit high-profile Tony Blair group after just one meeting
Musician Bob Geldof once threatened to storm out of Tony Blair 's Commission for Africa, warning it was in danger of becoming "a laughable grotesque", according to newly released government files. The Live Aid campaigner was instrumental in convincing Mr Blair to establish the commission, which was intended to examine the continent's problems before a crucial G8 summit at Gleneagles, Scotland, chaired by the UK. However, official papers released to the National Archives in Kew, west London, reveal Mr Geldof's outrage when – after just one meeting – the commissioners were sent a document setting its "emerging conclusions". Mr Geldof wrote an angry letter, dated 9 August 2004 and addressed to the economist Sir Nicholas Stern, the commission's director of policy. In it, the musician said it was impossible to have come to any conclusions in such a short period of time. He was not prepared to serve on a body which was simply there to push "pre-determined government policy", he warned. 'To be clear, policy must be determined by the commission independently sitting and independently deliberating and concluding of its own volition. This distinction is vital. If I have got this wrong please inform me so I may tender my resignation,' he wrote. 'More broadly, the whole notion of emerging solutions is laughable. If the solution to the misery of Africa can be 'concluded' within a mere six week time span, it is a truly remarkable feat. 'How blind we must all have been these past years. The fact is that there are not and cannot as yet be any emerging conclusions. 'The commission will lose all credibility if it is not clearly seen to be an independent entity. If it seems to advance pre-determined government policy it will be correctly viewed as a laughable grotesque.' Mr Geldof went on to complain that the involvement of some of the commissioners – including some of those from Africa – appeared to have been 'minimal'. 'Is it not the secretariat's function, on behalf of the chair, to ensure that this is not the case? Or is this all some farcical political game played out at the expense of the wretchedly poor? If so, I ain't playing.' Sir Nicholas wrote back hurriedly to assure Mr Geldof the that the document was not an attempt to pre-empt the commission's findings. The input from British politicians had been 'comparatively minor', he wrote. 'Far from being an attempt to rush conclusions the paper is intended to to be a tool to help promote discussion and ensure a real interchange between commissioners at the second meeting in October. 'I would be very keen to sit down and discuss these questions with you; perhaps we could meet for a drink as soon as we are both around?' Mr Geldof's reply is not recorded in the files, but he was sufficiently placated to carry on. After the Gleneagles summit the following year agreed to double aid to Africa and extend debt relief, he hailed it as 'mission accomplished'.
New Paper
2 days ago
- Sport
- New Paper
Calandagan can do it again
French trainer Francis-Henri Graffard is aiming to double the score in the £1.5 million (S$2.58 million) Group 1 King George VI And Queen Elizabeth Stakes (2,400m) at Ascot on July 26. The desire to cross the English Channel and plunder one of UK's better-known riches is the same, but not quite the stress levels. Last year, the Chantilly handler had walked into the Ascot paddock, happy to fly under the radar with his charge Goliath, but quietly confident the 25-1 roughie could - unlike his namesake - turn giant-killer. However, Graffard was not so sure when he stood in the parade ring and glanced up at the market. "I was on my own, and Lisa my wife didn't come. I think I was 30-1 and I was like 'oh my god, I will probably look like a fool'," he said. However, the German-bred fooled pundits by upstaging a star-studded field that included the eventual Arc winner Bluestocking, 2023 Epsom Derby winner Auguste Rodin and Godolphin star Rebel's Romance, among others. "When he entered the straight, he was cruising, that was a really good thrill," said Graffard. "The way he won was fantastic and I want to go back there and win that race again." With Calandagan this time, the odds will be a lot shorter for the recent Group 1 first-time scorer. Four consecutive times bridesmaid at elite level, the Aga Khan-owned four-year-old gelding finally broke his duck at his last start, in the Group 1 Grand Prix de Saint-Cloud (2,400m) on June 29. The five-time winner by Gleneagles is the 7-4 favourite in ante-post betting, a well-deserved status even if he will be up against a stronger band of performers than the ones he met in the Grand Prix de Saint-Cloud. Coolmore's Jan Brueghel was his nemesis in the last of that frustrating run of four Group 1 misses, the Coronation Cup (2,400m) at Epsom on June 6. Also entered are Epsom Derby-Irish Derby double winner Lambourn, Rebel's Romance who snapped a long run of outs for Godolphin trainer Charlie Appleby at Royal Ascot in the Group 2 Hardwicke Stakes (2,400m) on June 21, and interestingly, defending champion Goliath himself. Graffard has, however, indicated that Goliath's new American owner, John Stewart of the world's latest big-spending player Resolute Racing, would rather aim for the Grade 1 Arlington Million (2,000m) at Colonial Downs, US, on Aug 9 instead. Putting all his eggs in the one Calandagan basket does not seem to faze Graffard. In his eyes, the Grand Prix de Saint-Cloud win has put him up there with the big boys. "It was a real pleasure to see him winning the Grand Prix de Saint-Cloud. But it's really the way he did it that pleased me," he said. "The horse was very impressive that day. We got the job done and in a very good manner." The bullishness also stems from Calandagan already having a proven track record at Ascot, and over the same course and distance. In 2024, he won the Group 2 King Edward VII Stakes (2,400m) at the Royal Ascot meeting, bolting up by six lengths. "He was so impressive that day. That was really nice to watch," recalled Graffard. The late Aga Khan's racing manager Nemone Routh shared the same enthusiasm. "He's a very consistent horse. Things probably do have to just fall a little bit right for him to get his head in front," she said. "But he's a very classy horse, consistent and genuine. So, we're looking forward to a good race at Ascot." A win would not only continue the legacy of the famous green and red epaulettes, but also its breeding arm. "We were really looking for that Group 1 win. So he's got that under his belt now," added Routh. "It is important to run internationally, for the Aga Khan studs, for the brand, for our stallions, for bloodstock." While such lofty expectations can weigh heavily on some trainers, they seem to strike a chord with Graffard. "When you do this sport, you want to be competitive and be seen on the bigger stage. There is no point winning small races," he said. "But when they asked me to train at Aiglemont (Aga Khan's stables), that's my way, I'm very competitive, I want to win big races. So, that was part of the deal." manyan@
Daily Mirror
4 days ago
- Entertainment
- Daily Mirror
Darren Clarke learns Paul McGinley's opinion as he admits ‘it's one of the biggest jokes'
Darren Clarke was once known as golf's golden boy but his reputation as a party lover led to suggestions that he didn't put the work in - a claim Paul McGinley has now shut down Paul McGinley has given his true thoughts on Darren Clarke by dismissing the myth that the Northern Irish golfer coasted on talent alone and didn't put in the hard graft required. Despite their past feud, McGinley described the idea as "one of the biggest jokes in golf." Clarke, now 56, was widely seen as the golden boy of the sport in his early career and enjoyed success in the late 1990s and early 2000s, winning two World Golf Championship events. However, his major tournament record was characterised by underachievement, with the exception of his Open Championship win at Royal St George's in 2011. The Dungannon star's fondness for partying and socialising has led to some speculation that he might have achieved more had he been more dedicated. But, speaking ahead of the 153rd Open Championship at Royal Portrush, his former rival and friend McGinley dismissed such talk. In an interview with Indo Sport, McGinley said: 'That's one of the biggest jokes in golf, the way Darren is positioned as this happy-go-lucky Irishman, always in good form, drinking and partying his head off, incredibly gifted and that's the success that he had. 'We all know and revel in how hard Padraig Harrington worked. I can promise you that golf meant as much, if not more, to Darren and he worked equally as hard. Having lived next door to him for 20 years in England, having seen the effort he put into practice… 'On top of the God-given talent that he had, he also worked at it and probably, in some ways, it hurt him more than it helped him because he was so obsessed with the game and worked so hard on the game that he went up blind alleys too regularly. "I think he'd admit that himself. But he worked very hard and he had incredible ambition. I'm full of admiration for what he has done in his career.' McGinley went on to comment on his huge natural ability, adding: 'I remember when I was playing Under-18s and barely getting into these junior programmes in Ireland. I was coming onto the scene but there was one guy who stood out from everybody else. 'He had bleach blonde hair, he came with an arrogance and a look of confidence about him. He had irons that the players were using on tour, he got all the latest gear and he hit the ball just phenomenally. He was in a different league to everybody else. So from the age of 16, Darren was a step ahead of everybody else.' Despite his glowing praise, the pair once fell out after Clarke controversially made a U-turn on supporting McGinley's bid to become European captain for the 2014 Ryder Cup. Clarke wrote to McGinley in 2011, offering his support to the Irishman's bid to lead at Gleneagles. Yet, in December 2012, Clarke told the BBC that he was putting his own name forward for the captaincy role, before seemingly throwing his support behind Colin Montgomerie after the United States appointed Tom Watson. It was, however, McGinley who was eventually appointed as captain in 2013, leading Europe to a 16½-11½ victory and earning praise from Rory McIlroy, Lee Westwood and Sergio Garcia. McGinley later admitted that their conversations had become "short and sweet." The rift between them was mended by 2016, though, as revealed by Clarke to the Daily Mail. "Paul and I had a great conversation in Dubai. We must have stood and talked for an hour on the range. He was giving me tips and advice about what he had done. We had a great conversation there and I apologised to him," Clarke said. "I let things go. I have moved on. I have made my peace with Paul and he was brilliant in Dubai. I can go back to him and run things past him. He said, 'Whatever you want, let me know.' "We have buried the hatchet and we are moving forward. We have drawn a line under it. He offered me all sorts of advice. He couldn't have been better. That feels good because we were very close growing up all the way through our careers.'
