Sources said the company had already secured the required funds for payments due during the current year and might wait for higher valuations for assets that were on the block. Under the CDR, Wockhardt has to divest its non-core assets at an estimated value of Rs 790 crore (Rs 7.9 billion), but the company has been given six years to complete the transaction.
Most feel as the movement of people normalises, the in-patient volumes in hospitals will grow and by the end of May, occupancy should be around 50 per cent, and 75 per cent over a period of time.
A tea seller was suspected to have contracted COVID-19 near a government guest house, located near Matoshree, the private residence of Maharashtra Chief Minister Uddhav Thackeray.
CEO of Wockhardt Hospital Mumbai, Dr Parag Rindhani, who is a microbiologist, said: "In the past three months, we have seen several cases of COVID-19 and now, fortunately, we are seeing a decrease in numbers. With this trend, we can expect a flattening of the curve by mid-July, which BMC commissioner has also said, and the normalcy of life can be expected by the beginning of August."
Close to completing six decades in healthcare delivery, the Manipal Healthcare Group had a modest beginning with the Manipal Hospital in Bangalore
Kumaraswamy, who had been admitted to Wockhardt Hospital following complaints of chest pain, had been diagnosed to be suffering from severe calcific arotic valve stenosis, necessitating an open heart surgery for replacement of the blocked valve of his heart, hospital sources said. The four-and-half hour long surgery, which commenced at 9 am, was conducted by a team of 8 doctors, headed by Dr Vivek Jawali. "The surgery has gone well," Dr Vishal Bali, CEO of the hospital, said.
"Our intention has always been to provide value-for-money services," Shivinder Mohan Singh, MD, Fortis Healthcare.
These drugs will be entering in their global Phase -3 clinical trials early next year.
After Kumaraswamy was shifted out of the ICU, Governor Rameshwar Thakur, his father and former prime minister H D Deve Gowda, accompanied by his wife Chennamma, other family members and friends visited him.
Close aides of Kumaraswamy told rediff.com that the former chief minister was stressed out after the recent political developments in the state and hence had to undergo check up. They said he was particularly stressed after the Janata Dal Secular-Bharatiya Janata Party government collapsed in the state.
According to the Wockhardt Hospital and Heart Institute cardiologists team which attended on him, his vital parameters are stable and he is likely to be under observation for the next 24 hours.
Prime Minister Dr Manmohan Singh, who underwent an angiography as part of a series of heart-related tests at the All India Institute of Medical Sciences, New Delhi, can continue to live a normal life and even discharge his duties as prime minister according to Dr Vivek Jawali, chief cardio-thoracic and vascular surgeon, Wockhardt Hospitals, Bengaluru.
Half of the 10 IPOs to have hit the market since the beginning of this year have been from the real estate space. J Kumar Infra Projects, KNR Constructions, SVEC Constructions and the now withdrawn Emaar MGF are the worst hit, according to analysts.
Global trend has affected Indian markets too, as two reputed IPOs were withdrawn due to lack of investor response.
Only 11 antibiotics in clinical trials have received qualified infectious disease product status from the US FDA, of which five are Wockhardt's drugs.
He urged former defence health services personnel, nurses and ward boys who have retired from service and those who are trained in medical service but don't have jobs to come forward to help the state in the "war" against coronavirus.
The corporate hospital sector of the country is all set to take away a significant share of the tertiary healthcare service business from individual private healthcare providers by 2010.
Private hospitals, especially smaller standalone ones, are staring at a crisis that they were not prepared for. Analysts say larger corporate chains have to brace up for at least six months for business to return to normal.
The blaze erupted around 7 am in Kamla building located opposite Gandhi Hospital at Gowalia Tank, the official of the Brihanmumbai Municipal Corporation (BMC) said.
'In any business you have to achieve short-term goals.' 'But at the same time you have to keep your broader perspective long term.' 'It is good for business survival.'
Home healthcare remains a niche segment in India even today. Nightingale provides services, starting from family physicians, short- and long-term nursing care, post-hospitalisation care and physiotherapy to stroke rehabilitation, respiratory care, bedside caregivers and attendants, intensive care at home, lab tests and speech therapy.
Naukri.com's Hiring Outlook Survey for 2020 reveals the jobs and sectors that saw a surge in demand during the pandemic.
Delhi's Connaught Place is the 6th most expensive location in the world.
Do away with the table salt. A reduction in the intake of salt can help control various kidney problems.
Many, including DLF, Suzlon, UB, the Tata and the Aditya Birla Group are selling stake or assets to reduce debt and the strain on their balance sheets. That's because they have been hit either by slowing sales, or have a big exposure to markets in the West where demand has contracted sharply as a result of the economic downturn.
Taking up heavy exercise without being conditioned for it may expose one to risks like rhabdo.
The burgeoning Indian market, if handled smartly, offers a challenging opportunity for value creation.
The tax holiday awarded by the Union Budget to healthcare and IT sectors has been greeted with enthusiasm. Major hospital chains had already announced plans to expand in tier 2 cities. The tax holiday has proved to be an added incentive. India needs 3.1 million new hospital beds in the next 10 years. The tax-holiday benefits are available for all new hospital projects except the ones coming up in cities like Delhi, Mumbai, Kolkata, Chennai, Hyderabad, Bangalore & Ahmedabad.
The Indian cricket team's physio was flown to Bangalore from Ahmedabad and admitted to the super-specialty hospital Wockhardt.
The corporate healthcare segment may replicate the success of the Indian IT sector, say experts.
'15, 17 years back we were not even in existence in the US. Today nearly 1/3 of prescriptions written comes from India.' 'India is showing that in a very competitive environment -- like the US and Europe -- our industry is doing very well.'
How a swanky Mumbai cultural venue was transformed into a contact-less facility to combat coronavirus.
The western world had largely considered India to be a production hub, and also, a good potential geography for clinical trials, and a big market. But in Covid-19 research, Indian companies and government researchers are also researching new drug candidates and potential vaccines, says Prosenjit Datta.
Over-expansion, bad management, and multiple allegations irreparably taint Malvinder and Shivinder Singh
BSE-200 companies's list shows that 96 companies had woman directors.
In a surprise announcement in April, Sun and Ranbaxy -- at that time owned by Japan's Daiichi -- declared an all-stock deal to create India's largest and world's fifth-largest drugmaker in an over $4 billion deal.
Whistle-blower Dinesh Thakur will speak on Made-in-India drugs at an event in Washington.
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