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Health & Fitness / The Economic Times

Budget 2025: SBI urges higher healthcare spending, uniform GST on medical devices and tax exemptions

The Union Government's Budget 2025 should focus on revitalizing the insurance and healthcare sectors. Suggestions include exempting GST and taxes on term and health insurance premiums, increasing the healthcare budget to 5% of GDP, and rationalizing GST rates on medical devices. These measures aim to enhance insurance penetration and bolster healthcare infrastructure.

25 Jan 2025 10:31 am
Glenmark launches generic anticoagulant injectable emulsion

Glenmark Pharmaceuticals has launched Phytonadione injectable emulsion through its US arm, targeting anticoagulant markets. The 10 mg/mL single-dose ampules are bioequivalent to Vitamin K1 Injectable Emulsion USP. This launch diversifies Glenmark's institutional product portfolio and reinforces their commitment to offering affordable alternatives, with the market valued at approximately USD 19.7 million annually.

21 Jan 2025 10:43 am
Private hospital in Kolkata launches rooftop helipad for emergency services

Kolkata's Desun Hospital successfully conducted a trial run of its newly launched rooftop helipad with an Agusta 109 SP helicopter, enhancing emergency healthcare services. Approved by the DGCA, the helipad aims to provide critical care air ambulance services for patients across West Bengal, North-East, and Eastern India, ensuring faster medical intervention.

17 Jan 2025 6:27 pm
India poised to be healthcare custodian of world, says Torrent's Samir Mehta

The Indian pharmaceutical industry plans to exceed USD 120 billion by 2030. This will be driven by innovation, supportive policies, and collaboration among stakeholders. The sector has grown significantly over the past 25 years and plays a crucial role in global healthcare. Focus areas include funding, talent development, technology integration, and achieving self-reliance across the supply chain.

7 Jan 2025 5:08 pm
Botanic Healthcare raises Rs 250 crore from Stakeboat Capital & other investors

Botanic Healthcare, a nutraceutical maker based in Hyderabad, has successfully raised Rs. 250 crores in its latest equity funding round led by Stakeboat Capital, with participation from Abakkus Four2Eight Opportunities Fund and DS Group. The funds will support the company's aggressive expansion plans and growth targets in the global nutraceutical market.

7 Jan 2025 4:48 pm
India's first Robotic-assisted Paediatric Gait Trainer for physical rehabilitation launched

Genrobotics launched India's first robotic-assisted Paediatric Gait Trainer, G-Gaiter Paediatric. It aims to improve physical rehabilitation for children with mobility issues. The device uses advanced VR technology and interactive games for therapy. Health Minister Veena George announced its installation at SAT Hospital in Thiruvananthapuram, enhancing healthcare with technology.

3 Jan 2025 10:28 pm
Nothing to be alarmed: Health Ministry eases fears as China battles surge in respiratory virus

China is seeing a surge in infections caused by human metapneumovirus (HMPV), mostly in children under 14. Despite the uptick, the Indian health ministry states there is no cause for alarm, with no substantial increase in respiratory outbreaks within the country and prepared healthcare systems.

3 Jan 2025 6:39 pm
Blackstone, Carlyle and other PEs submit bids to unlock Access' majority stake

Several global private equity funds, including Blackstone and Carlyle, have expressed interest in acquiring a majority stake in Access Healthcare. The company, specializing in revenue cycle management services, is expected to be valued at $1.4-1.5 billion. Access Healthcare, founded by Anurag Jain, employs 27,000 people globally.

30 Dec 2024 6:43 am