Had you invested Rs 10,000 each in JSW Steel, Titan Company and Bajaj Finance 20 years ago, when they were just penny stocks (trading below Rs 10), you would have become a millionaire by now.
Speaking to reporters, Shaikh, who is the guardian minister of Mumbai, said personalities from the film industry and cricketers have occupied beds in major private hospitals for longer periods of time.
Rescue operations continued through the night at the site of the incident which claimed 11 lives and left more than 200 people injured, they said.
He said if people from other cities come to Delhi for specific surgeries, they will be provided treatment at private hospitals. "Delhi's health infrastructure is needed to tackle the coronavirus crisis at the moment," the chief minister said.
It said Delhi is facing an unprecedented heatwave with temperatures hovering around 50 degrees Celsius in some parts for the first time in the city's history.
After a two-year lull, the deal pipeline in India's hospitality sector, which has witnessed a strong revival since the second wave of the pandemic receded, is running full. Family offices, high net-worth individuals (HNIs) and institutional investors are looking at the sector with renewed interest, according to investment and transaction advisory firms working on multiple deals. Most of them declined to divulge details of the deals for reasons of confidentiality. The cumulative debt of the tourism, hotels and restaurant sector rose 8.2 per cent year-on-year (YoY) to Rs 64,408 crore as of March 25, 2022 against Rs 59,519 crore on March 26, 2021, according to the Reserve Bank of India.
Transit accommodation in the Western Court Annexe or state bhavans will be provided to the newly-elected members who don't already have a government house in Delhi till they are provided regular accommodation by the Lok Sabha's House Committee, it said.
'We expect market consolidation and recommend buying during market dips.'
Hospital chain Aster DM Healthcare's plans to sell its Gulf business may run into rough weather with voting advisory firm Institutional Investor Advisory Services (IiAS) raising concerns over the transaction. Recommending an 'against' vote on the resolution, IiAS has said there is no clarity on how Aster DM will utilise the proceeds that it will obtain by selling the unit, which contributes to bulk of its revenues. In November, Aster DM had announced its plans to sell its wholly-owned subsidiary Affinity Holdings, which conducts business in the Gulf Cooperation Council (GCC) region, to Alpha GCC for $1 billion.
Fair trade regulator CCI on Tuesday said it has approved the demerger of the hotel business of diversified entity ITC Ltd into a separate entity. After the completion of the demerger, shares of ITC Hotels Ltd, a new entity, will be listed on the stock exchanges. The proposed combination relates to the demerger of the demerged undertaking to ITC's wholly-owned newly incorporated subsidiary, ITC Hotels.
The fundamental construct of India's neighbourhood policy still needs to be what Vajpayee postulated, Manmohan Singh embraced, and Modi energised. It's just that we need to junk domestic politics and excessive religiosity, while acquiring much humility and a renewed respectfulness towards our neighbours, recommends Shekhar Gupta.
Mongolia can take a lifetime to happen but rewards the intrepid traveller with enduring memories of a surreal, delightful land.
Ramoji Rao lived as the interface between business and politics and was an active participant in both for most of his remarkable life.
Next year Medica and Manipal will merge, making the amalgamated entity the largest corporate hospital chain in the country, overtaking Apollo Hospitals Enterprises.
Ravaged areas of the medical facility were sealed on Tuesday ahead of a thorough probe as the state government geared up to ensure proper treatment of patients shifted elsewhere.
Government think tank Niti Aayog has suggested 100 per cent income tax exemption for donations and provision of working capital loans with lower interest rates for not-for-profit hospitals to strengthen healthcare services in India. In a report titled 'Not-for-Profit Hospital Model in India', the Aayog also pitched for involving high performing hospitals in public private partnership (PPP) models for managing primary health care (PHCs), operations of government facilities and PSU hospitals. "Income-tax exemption could be increased from the current 50 per cent exemption to 100 per cent exemption for philanthropy toward the identified not-for-profit hospitals.
A government doctor said hospitals in Delhi are wary of admitting more patients amid a serious shortage of oxygen in the city.
'The oxygen crisis is at its worst. It is adding more pressure on the functioning. No one is able to help'
Operating margins have been the primary driver of corporate earnings in India in recent quarters, despite revenue growth suffering from weak consumer demand. Companies across sectors have reported a sharp improvement in earnings before interest, tax, depreciation, and amortisation (Ebitda) margins over the past two years, benefiting from lower commodity and energy prices. Higher margins more than compensated for slower revenue growth, resulting in double-digit growth in net profit for five consecutive quarters.
It noted the prosecution's submissions about the need to take Kumar to Mumbai and other parts of the national capital to collect evidence, which was not possible without the accused's custody.
Odisha is facing a morgue crunch as a large number of unclaimed dead bodies from Balasore's triple train accident, have piled up at its mortuaries.
Six hospitals in the national capital have exhausted their oxygen supply while seven others have less than five hours of oxygen left, Deputy Chief Minister Manish Sisodia told Union Health Minister Harsh Vardhan on Thursday.
The decline in hospital admissions can be attributed to the drop in the number of positive cases, officials said.
Mayank Agarwal is believed to be out of danger after drinking liquid from a pouch, which he thought was water and was kept on his seat as he was on board with IndiGo airlines
The police on Saturday claimed to have gunned down eight Maoists during an encounter in forests near Kutul-Farasbeda and Kodtameta villages in the district.
Airports across the country witnessed chaotic scenes on Friday after dozens of flights were either delayed or cancelled after a widespread global computer outage that also hit operations like cash withdrawal at some banks, and impacted functioning of some brokerages. Globally, the Microsoft cloud outage led to US airlines cancelling flights, but the tech giant later reportedly said its cloud services outage in the Central US region has been resolved.
Industry body CII on Thursday made a case for pushing reforms in sectors like land, labour, and agriculture by the Modi 3.0 government to accelerate economic growth, which is estimated to be around 8 per cent in the current financial year. CII president Sanjiv Puri said a lot of policy interventions in the past have put the economy on "a much stronger wicket". "The growth rate is poised to touch 8 per cent during the current year, marking the fourth consecutive year of above 7 per cent + growth.
Wailing relatives of coronavirus patients who perished in the blaze at a Bharuch hospital in Gujarat gathered outside the building in the wee hours on Saturday, blaming the facility administration for the tragedy.
Many parents whose newborn babies were among those dead in the Bhandara hospital fire have blamed the staff there for dereliction of duty. They claimed that no doctor or nurse was present in the unit when fire broke out.
"We are in a very comfortable situation today. The daily requirement of oxygen is 3.6 metric tonnes and we have about six tonnes available which will last for the entire day. It is quite a comfortable situation."
An initiative of Nandan Nilekani's EkStep Foundation, people+ai on Tuesday unveiled its vision for the future of Artificial Intelligence (AI) in India, dubbed 'Adbhut India' (Amazing India). It aims to harness AI as a powerful tool to enhance the lives of all Indians. The event marked the rollout of several initiatives by people+ai that are focused on discovering, demonstrating, and disseminating population-scale AI use cases for India.
Led by a new generation of entrepreneurs, India's family offices are shifting from traditional investments in physical and tangible assets like real estate to investing in technology, healthcare, and retail stocks. This new wave of family offices is engaging in stock market investments, including pre-IPO placements and secondary market operations. "Born into a world of technology, the next generation, especially those born after 2000, view technology as equally crucial as finance for running a business.
Hospitals across the national capital had sent out SOS messages last week about depleting supplies of oxygen.
The incident took place days after a foreign tourist was allegedly gang-raped in Dumka district.
According to the officials, the three-storey coaching institute, surrounded by residential and commercial establishments, had permission to use the basement as a store room, but it was being used as library in violation of the rules.
A record 28,395 coronavirus cases and 277 deaths marked the aggravation of the pandemic situation in Delhi on Tuesday as the positivity rate shot up to 32.82 per cent -- meaning every third sample came out positive -- amid a "serious oxygen crisis" unfolding in the city.
As India continued to record a huge number of new COVID-19 infections, hospitals in the national capital and other major cities complained of 'dangerously low' levels of oxygen that is needed for critically ill patients. The situation has been made worse by states that house oxygen manufacturing units restricting inter-state supplies.
The incident took place at Kurumahat in Hansdiha police station area, around 300 km from the state capital Ranchi, on Friday night when a tourist couple from Spain was spending the night at a makeshift tent.
He, however, added that most of the private hospitals in Delhi were good and only a couple of them were indulging in such malpractice.
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