1999 Before Parvinder Singh dies at 56, he declares that D.S. Brar, a professional and his right-hand man, will run Ranbaxy; his sons, Malvinder and Shivinder, acquiesce despite a hue and cry by grandfather, Bhai Mohan
2004 Siblings oust Brar in a boardroom coup; Brian Tempest (pic), an old family friend, takes over, and Malvinder joins the board and bides his time
2006 Tempest out, Malvinder in; the latter charts out a new vision for Ranbaxy, reduces dependence on the US markets, and expands in Europe, Asia and Latin America
2006-07 The Ranbaxy brothers allegedly help Gurinder Singh Dhillon, spiritual head of Radha Soami Satsang Beas, his family members and Sunil Godhwani, the Satsang’s funds manager, to make a killing through shares of Religare; the brothers sell 13.5 million shares at Rs 10 each before the IPO, though they were issued to the public at Rs 185
Outlook Web Desk /
The toll from disastrous flooding caused by heavy rains and landslides in hilly areas of two central Kerala districts rose to 23 as rescue workers recovered more bodies from the rubbles on Sunday.