Medical device maker Medtronic is looking at options to modify its global manufacturing footprint as part of efforts to mitigate any impact of US President Donald Trump’s tariff plans, a company executive…
Month: February 2025
FDA warns that Chinese-made medical devices are a serious risk
A popular medical monitor is the latest device produced in China to receive scrutiny for its potential cyber risks. However, it is not the only health device we should be concerned about….
Chennai’s Govt Hospital, Kolathur, which was build worth ₹210 crore, will shortly operate
The newly constructed six-storey building of the Government Hospital in Kolathur in Chennai built at a cost of ₹210 crore and awaiting inauguration, would be named after late social reformer ‘Periyar’ E.V….
The Merger of Aster, QCIL will be completed in eight months
The merger between Aster DM Healthcare and Blackstone-backed Quality Care India Limited (QCIL) is expected to reduce HR and procurement costs for the combined entity while eliminating resource duplication. Anoop Moopen, the…
PE firms make betting on Indian healthcare; MedTech funding raised fivefold to $1.2B
India is one of the fastest-growing healthcare markets in the world, and the entry of more corporate players is a positive development, according to Viren Shetty, Executive Vice-Chairman of Narayana Health. However,…
Metropolis is approaching the end of its deals with potential acquisition aims
Mumbai-based diagnostic chain Metropolis Healthcare expects margin dilution in the next financial year ending March 2026 following its acquisition of Core Diagnostic. CEO Surendran Chemmenkotil said, “Core Diagnostic is relatively on a…
GeM plans to acquire from 1 lakh procurement
Public procurement portal GeM is aiming to onboard one lakh government-registered startups on its platform as it would provide a huge buyer base to these entities, an official statement said on Tuesday….
DeepSeek expands after disrupting markets with low-cost AI
The Chinese startup triggered a $1 trillion-plus sell-off in global equities markets last month with a cut-price AI reasoning model that outperformed many Western competitors. Now, the Hangzhou-based firm is accelerating the…
Musk’s satellite firm in prime position for major US air traffic contract
A satellite company owned by Elon Musk has the inside track to potentially take over a large federal contract to modernise the nation’s air traffic communications system. Equipment from Musk’s Starlink has…
American Tower shares jump 6.7% on strong Q4 revenue beat
American Tower Corporation reported fourth quarter financial results that exceeded analyst expectations, as the cell tower operator saw solid demand across its global portfolio. American Tower shares were down 0.07% in pre-market…