DENTAL CLINIC RS 2 LAKH
Apollo Hospitals to acquire Rs 103.2 crore stake in subsidiary Apollo Health
"... we wish to inform you that the Company is acquiring 35,12,107 equity shares of Rs 10 each at a price of Rs.294/- per share (including premium of Rs.284/- per share) aggregating to Rs. 1032.60 million by way of subscribing to the rights issue of Apollo Health and Lifestyle Limited, a subsidiary of the Company (AHLL)," the hospital chain company informed stock exchanges on Saturday.
Max Healthcare to widen reach via acquisitions, says Abhay Soi
Max Healthcare, a leading Indian hospital chain, is assessing acquisition opportunities in tier-2 and tier-3 cities, primarily funded through internal accruals and debt. The company's chairman and managing director, Abhay Soi, believes there is great opportunity in these areas. Max Healthcare currently has a presence in Mohali, Bathinda, Dehradun, Lucknow, and Nagpur. The company is comfortable raising debt funding of up to 2.5 times the earnings before interest, tax, depreciation, and amortisation (EBITDA) if there are compelling acquisition opportunities.
NEET-UG 2024 registrations surpass 25-lakh mark
The NEET-UG registration for 2024 has surpassed 25 lakh, with a 4.2 lakh increase from last year. Students faced challenges with Aadhaar card verification and mobile OTPs, leading to requests for an extension. Female candidates accounted for over 13 lakh applications, competing for 2 lakh seats in various medical disciplines. Medicine offers high salaries, job security, and the need for more doctors in India.
Entero Healthcare Solutions shares list at 2% discount to IPO price
Entero Healthcare's IPO debuted with a discount on BSE and NSE. Proceeds will be used for debt repayment, working capital, funding subsidiaries, and inorganic growth. The company has 73 warehouses and supply relationships with over 1,900 healthcare product manufacturers. The target addressable market is valued at Rs 2.7 lakh crore.
Entero Healthcare IPO: Should you subscribe to this Rs 1600 crore issue?
Entero Healthcare recorded a 31% YoY increase in revenue from operations during FY23, reaching Rs 3,300 crore. ICICI Securities, Dam Capital Advisors, Jefferies India, JM Financial, and SBI Capital Markets are the book running lead managers for the IPO.
Max Healthcare acquires Nagpur-based Alexis hospital for Rs 412 crore
Max Healthcare has acquired Alexis Multi-Speciality Hospital in Nagpur, Maharashtra for Rs 412 crores. The hospital is equipped with high-end bio medical equipment. The acquisition will strengthen Max Healthcare's medical program and surgical specialties, improving revenue and occupied bed days.
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Entero Healthcare's Rs 1,600-cr IPO biggest so far in 2024: 10 things to know before subscribing to the issue
The IPO comprises a fresh equity issue of Rs 1,000 crore and an offer for sale of up to 47.69 lakh shares. Under the OFS, Prabhat Agrawal, Prem Sethi, Orbimed Asia Iii Mauritius, Chethan MP, Deepesh T Gala, among others, will offload shares.
Entero Healthcare announces dates, price band for its Rs 1,600-cr IPO
Entero Healthcare IPO: The price band has been fixed in the range of Rs 1,195-1,258 per equity share. Bids can be made for a minimum of 11 shares and in multiples thereafter. The IPO comprises a fresh equity issue of Rs 1,000 crore and an offer for sale of up to 47.69 lakh shares. Under the OFS, Prabhat Agrawal, Prem Sethi, Orbimed Asia Iii Mauritius, Chethan MP, Deepesh T Gala, among others, will offload shares.
Bengaluru dental clinic asked to pay Rs 2 lakh compensation to patient after damaging 10 teeth
A man sues a dental clinic and its dentists after suffering teeth damage during a dental procedure. The city consumer court orders the dentists to pay Rs 2 lakh in compensation and the clinic to refund Rs 50,000. The patient approached Sabka Dentist clinic in 2016 and paid Rs 34,000 for a yearlong procedure. The procedure lasted for more than two years and the patient had to pay an additional Rs 50,000. The removal of braces revealed damage to eight teeth and enamel of two more.
UPI payment limits hiked to Rs 5 lakh for these transactions: RBI
The Reserve Bank of India (RBI) has increased the transaction limit for Unified Payments Interface (UPI) payments to hospitals and educational institutions to Rs 5 lakh from Rs 1 lakh per transaction. Further no additional factor of authentication (AFA) will be required for transactions of Rs 1 lakh for recurring payments of mutual fund subscriptions, insurance premium subscriptions and credit card repayments. All you need to know about
Sun Pharma Q2 Results: Net profit rises 5% YoY to Rs 2,376 crore
The earnings for interest, tax, depreciation and ammortisation (EBITDA) rose 7.5% to Rs. 3179.4 crore in Q2, and EBITDA margins declined 90 basis points YoY to 26.1%. India formulation sales rose 11.1% YoY to Rs. 3843 crore in Q2FY24. India accounts for 32% of Sun Pharma sales
A Rs 3.5-lakh-crore industry at crossroads: What is the future of plastic in an increasingly climate conscious world?
As the world is looking actively to address the challenges of climate change and pollution, the plastic industry has found itself in quite a predicament as a necessary evil.
Qube Health raises Rs 25 cr in funding
The AI-driven healthtech platform has already aggregated over 11,000 hospitals and clinics, and partners with insuretechs, insurance companies, insurance brokers, e-pharmacy chains and others within the ecosystem
CBDT scanner on transactions at IVF, med colleges providing seats under NRI quota and luxury retailers
India's Central Board of Direct Taxes (CBDT) has intensified its scrutiny of transactions at IVF clinics, NRI college admissions, luxury goods shops, hotels and banquets, due to evidence of large cash transactions at these places. A rule requiring the reporting of transactions of more than INR200,000 ($2,788) has reportedly been widely ignored, while large amounts of cash transactions remain undocumented.
ETMarkets SME Talk: We are committed to make Dentalkart a hub of innovation: Dr Vikas Aggarwal & Sandeep Aggarwal
In the next 5-10 years, I anticipate considerable growth. With India's large population and rising middle class, coupled with the advent of AI and digital dentistry, I see enormous potential for the industry to not just grow, but to redefine oral healthcare standards in the country.
What's behind the babymaking boom in India?
India has over 2,500 fertility clinics and the second-largest number of cycles of treatment after the US. The growth has been fuelled by private equity investors. India's IVF market is projected to expand from $793m in 2020 to $3,722m by 2030, with a CAGR of 16.5%. The new Assisted Reproduction Technology Act, which came into effect in 2020, has made the industry more attractive to corporate investors.
ETMarkets Smart Talk: Earning Rs 1 lakh per month? Here’s how you can achieve your crorepati dream
Diversification is the key for any portfolio and the times we are living in today the main agenda should be to invest money in highly liquid assets which could be easily converted into hard cash during the time of crisis.
Punjab FM presents Rs 1.96 lakh crore budget for 2023-24; agriculture, education health key focus areas
Punjab Finance Minister Harpal Singh Cheema presented a Rs 1.96 lakh crore budget for 2023-24 on Friday. The budget has a focus on agriculture, education, and health segments, with total budget size increased by 26% to Rs 1,96,462 crore. The budget is the first full budget of the AAP government. After coming to power in March 2022, the AAP government first passed a vote-on account on March
Shark Tank India 2: Peyush Bansal tells e-clinic pitchers, accepting Namita Thapar's offer was their "biggest mistake"
In the most recent episode of Shark Tank India 2, Namita Thapar and Peyush Bansal have a verbal spat over a pitch.
Suits & Sayings: FMCG boss throws Vegas-themed Diwali bash; entrepreneur spends Rs 2 L to lose 2kgs
A hospital deal has been baking for close to a year, but the local netas are driving a hard bargain.
Congress pledges to resolve people's issues in Himachal, promises 5 lakh jobs, Rs 1,500 to women: Rahul Gandhi
Assembly elections in the hill state are slated later this year and the Congress is gearing up to wrest power from the BJP. The party has brought out a "Sankalp patra" listing out its poll promises ahead of elections.
Free education, healthcare not freebies, can eliminate poverty: Arvind Kejriwal
At the Delhi government's Independence Day event at Chhatrasal Stadium here, he also emphasised that school education and healthcare in the whole country can be revamped in five years, as this has happened in the national capital.
QubeHealth card offers credit of Rs 10 lakh with no interest for medical expenses: Should you get it?
The card is powered by Visa and RuPay, and can be used to pay for any health or medical expense, including medicines, diagnostics, physical and mental health consultations, wellness, dental or eye procedures, assisted pregnancy, hospital or clinic bills, physiotherapy, etc.
CBI arrests jt drugs controller for taking Rs 4 lakh bribe to clear Biocon Biologics injection
After completing the necessary paperwork, the CBI has arrested Reddy and Dua, nabbed during a trap operation on Monday while the alleged bribe exchange was going on, the officials said.
Telangana draws investments worth Rs 2.34 lakh cr in 8 years
"As on date 19,837 units with proposed investment of Rs2,34,836 crore and proposed employment of 76,56,460 have obtained approvals.
States doling out competitive subsidies on brink of fiscal collapse: Report
The growing culture of doling out subsidies ahead of elections has lately been a topic of public discussion, with NK Singh, chairman of the 15th Finance Commission, publicly speaking against it, highlighting the fiscal unsustainability of these freebies. Punjab ranks second in terms of subsidies given as a percentage of GSDP and eighth in terms of absolute subsidy given during FY19-22 and is also one of the most heavily indebted states with a debt/GSDP ratio of 53.3 per cent in FY22.
Investors Clinic to hire 250 employees in Lucknow to market properties
Investors Clinic, which is based in Noida, Uttar Pradesh, has recently opened its office in Lucknow and hired 65 staff to sell commercial properties of realty firm Migsun.
It's IPOs ahoy! 40-odd issues on the way to mop up Rs 80,000 crore
In 2020, 16 issues had mopped up Rs 26,628 crore, and a similar number of IPOs had collected Rs 12,687 crore in 2019, but 2018 was the best year so far for the primary market as 25 companies had raised Rs 31,731 crore.
The quest for a vaccine: Govt mulls 'Mission COVID Suraksha' with Rs 3,000-cr corpus
The proposed mission will also look to ensure that sufficient volumes are manufactured to meet India's COVID-19 vaccine requirement and to introduce it in public health systems of the Ministry of Health post the approval by the National Technical Advisory Group on Immunisation (NTAGI), to combat further spread of COVID-19 infection.
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