Hamstrung by red tape, hospital operators buy their way into India

Last Updated: Thursday, September 10, 2015, 08:58

Expanding through acquisitions has increasingly become the tactic of choice for hospital operators seeking to speedily expand in India, where the demand for private healthcare is booming thanks to an overburdened public healthcare system.

CCEA approves proposal for strengthening drug regulatory system

Last Updated: Thursday, August 13, 2015, 00:03

To facilitate domestic manufacture of quality medical products, the Cabinet Committee on Economic Affairs (CCEA) Wednesday approved a proposal for strengthening and upgrading the drug regulatory system both at the Central and state level.

IBM to buy Merge Healthcare in $1 billion deal

Last Updated: Friday, August 7, 2015, 08:22

IBM Corp said it would buy medical image company Merge Healthcare Inc in a $1 billion deal and combine it with its newly formed health analytics unit, which is powered by its famous Watson supercomputer.

WTO members seal trillion-dollar IT trade deal

Last Updated: Friday, July 24, 2015, 10:35

World Trade Organization (WTO) members finalized a deal on Friday to cut tariffs on $1 trillion worth of information technology products in a boost for producers of goods ranging from video games to medical equipment.

Samsung heir apologises in public for MERS spread

Last Updated: Tuesday, June 23, 2015, 15:02

The heir of the Samsung business group made a deep bow in apology as criticism mounts on a Samsung hospital for its role in spreading the Middle East respiratory syndrome.

Govt approves FDI worth Rs 4,000 cr in pharma sector

Last Updated: Wednesday, June 17, 2015, 17:15

Proposals for foreign direct investment amounting to around Rs 4,000 crore by four pharma and medical devices firms, including Torrent Pharmaceuticals and Biocon's research services arm Syngene, were on Wednesday approved by the government.

Vedanta unveils Young Achievers' Scholarship Programme

Last Updated: Friday, June 5, 2015, 13:42

Students opting for Graduate courses in Medical or Engineering will be awarded an amount of Rs 30,000/- per year for 5 and 4 years respectively. Similarly, students opting for Bachelor's Degree in Science will be awarded Rs 20,000/- per year for three years.

Stempeutics' Stempeucel gets Orphan Drug status in Europe

Last Updated: Monday, June 1, 2015, 14:31

Shares of Cipla were trading at Rs 669.05 per scrip in the afternoon trade on BSE, up 2.86 percent from its previous close.

Rolls Royces, movies: private India hospitals go luxe for growth

Last Updated: Thursday, May 28, 2015, 10:33

"The fact that you actually come for surgery or medical treatment would be an incidental part of the experience," ABV Group Chief Executive Advet Bhambhani told Reuters.

HDFC Bank launches prepaid medical card with Apollo Hospitals

Last Updated: Monday, May 18, 2015, 18:05

The second largest private lender HDFC Bank Monday launched co-branded medical benefits card with Apollo Hospitals, which allows corporates to disburse medical allowances to their employees and has insurance cover for accidents.

Opto Circuits launches AED in US, Canadian markets

Last Updated: Wednesday, May 13, 2015, 15:27

Shares of Opto Circuits India were today trading at Rs 21 per scrip in the morning trade on BSE, up 7.42%.

Drug makers' tax benefit claim on freebies, gifts unlawful: CAG

Last Updated: Sunday, May 10, 2015, 14:36

Slamming the practice of pharma companies offering freebies and gifts to doctors, government auditor CAG said that drug makers have claimed tax benefits on such expenses despite these being prohibited by law.