Bharatiya Janata Party candidate from Chevella Lok Sabha constituency K Vishweshwar Reddy has emerged as one of the wealthiest contestants in Telangana after he declared his family assets worth Rs 4,568 crore, according to an affidavit he filed with the election authorities.
Spiritual leader Sadhguru Jaggi Vasudev was discharged from a private hospital in New Delhi on Wednesday, days after he underwent an emergency brain surgery after suffering 'life-threatening' bleeding in the skull, a source at the medical facility said.
Apollo HealthCo Ltd (AHL), a subsidiary of Apollo Hospitals Enterprise (AHEL), on Friday entered into a binding agreement to raise equity capital of Rs 2,475 crore from Advent International (Advent), one of the world's largest private equity (PE) players. The transaction will also see the merger of two units under Apollo Healthco - its wholesale pharma distribution unit Keimed Pvt Ltd and online healthcare business Apollo 24'7. The merger will take place in a phased manner over the next 24-30 months.
Addressing an online question and answer session, WHO's chief scientist Soumya Swaminathan said there would be at least one effective vaccine by 2021 but it would be available 'only in limited quantities'. "Most people agree, it's starting with healthcare workers, and frontline workers, but even there, you need to define which of them are at highest risk, and then the elderly, and so on," Swaminathan said on prioritising who gets the vaccine first.
The group has a succession plan in place and all of Reddy's four daughters have well-defined roles.
Industry leaders, including Mahindra Group chairman Anand Mahindra, RPG Enterprises chairman Harsh Goenka and Biocon Ltd chairperson Kiran Mazumdar-Shaw on Monday came out in support of the Agnipath scheme, saying it has large potential for employment of youth in the corporate sector. Mahindra also expressed dismay over the violence against the scheme while asserting that the farm equipment to aerospace conglomerate welcomes the opportunity to recruit trained, capable and young people under the programme. The Agnipath scheme, announced on June 14, provides for the recruitment of youths between the age bracket of 17-and-half years to 21 for only four years with a provision to retain 25 per cent of them for 15 more years.
Exporters on Thursday demanded fiscal incentives, tweaking in customs duties on certain products and credit at affordable rates in the forthcoming Budget to boost exports and create jobs. In a pre-budget virtual meeting with Finance Minister Nirmala Sitharaman, the Federation of Indian Export Organisations (FIEO) said the depreciation of the rupee against the US dollar is affecting exports' competitiveness and the sector requires more support. "Creation of employment is the biggest challenge faced by the country...We would urge the government to provide fiscal support to units which provide additional employment in the export sector," the exporter's body said.
The merged entity will have a combined market share of 6.4 per cent in the non-life insurance industry with 308 branches in the country. The deal is subject to regulatory approvals and the entire process is expected to be completed in nine months.
Apollo Hospitals and Fortis Healthcare are open to importing vaccines.
Three big private hospital chains -- Apollo, Fortis and Max -- on Friday announced the launch of Covid-19 immunisation drive for the 18-44 age group at limited centres in the country from May 1 while the Delhi government said it will start the vaccination exercise once it receives doses from the manufacturers.
Apollo Hospitals was looking at divesting at least 50 per cent of Apollo Pharmacy, the retail pharmacy network, for Rs 1,000 crore.
The integrated hospital and wellness centre would have four major service verticals -- medical cluster, wellness cluster, long-term care and education-R&D zone.
Apollo Group Hospitals on Friday announced to have entered into a strategic alliance with Johns Hopkins Medicine International for collaboration in medicine, education, research and setting up a diagnostics lab.
The group would be opening at least one hospital every three months for the next one year.
Apollo Health Street Ltd, which is more than 75 per cent owned by the Apollo Hospitals group, said on Wednesday it had received a multi-year contract for more than Rs 300 million from a New York-based teaching hospital. \n\n\n\n
The proposed Mumbai project is part of a series of new hospital projects planned by Apollo across the country.
Prathap Reddy, chairman, Apollo Hospitals group, said the group was aiming to provide the best of West and East in healthcare.
Lawyers are working on the documents related to forming a trust and other legal formalities
The Apollo Hospitals launched the country's first two-wheeler ambulances called Apollo First in Chennai, Delhi, Kolkata and Hyderabad on Saturday.
About 250 income-tax sleuths conducted searches at 20 hospitals in Chennai alone
Apollo Health and Lifestyle, a fully owned subsidiary of the Apollo Hospital Group, on Tuesday said it would open 35 clinics this fiscal in non-metro towns as part of its strategy to focus beyond metros.
Dr Reddy of Apollo Hospitals says he has plans to make India the healthcare destination of the world by attracting people.
Members of fan clubs of various leading actors, including Rajinikanth, Kamal Haasan and Vijay, also held prayers, wishing that the singer whose golden voice mesmerised generations for over five decades recover soon.
In 2019 investors backed some of the major online healthcare and pharmacy retailers, with PharmEasy leading the deal list. The firm raised funds through the year to bring in around $220 million and the round is yet to be concluded, according to Venture Intelligence data.
Announcing that the Apollo Hospitals, Chennai, has bagged the HIMSS Analytics Asia Pacific Award for its IT capabilities, Sangita Reddy, executive director -- operations, Apollo Hospitals Groups, said, "We will have 6,000 beds covered with the system and capabilities by the end of the year and in another six months from that all 9,000 beds of Apollo Hospitals will be covered."
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.
Kerala Catholic Bishop Conference president Archbishop Soosa Paikam said the verdict was "painful" and would have disastrous consequences.
"India's middle class, small traders and farmers are the lifelines of its economic growth. By catering to these ambitions #Budget2019 infuses hopes for millions of dreams."
Even though the Health Ministry and Indian Council of Medical Research (ICMR) have been insisting that there is 'no solid evidence' of community transmission so far, the government has started scaling up health infrastructure to deal with any situation.
This time however, the poll panel did not share the overall polling percentage at its briefing.
Happy at the clear mandate given by voters to the BJP-led NDA, India Inc on Friday exuded confidence that Narendra Modi will initiate bold and decisive policy reforms to promote economic growth.
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