Page 15 - Sanket Koul

Pharma, medtech bodies seek transition time and simpler refunds

Industry bodies asked the govt for a three-month transition period, use of old packaging, and a simpler GST refund mechanism to avoid supply chain disruptions in healthcare

Contractors, hoteliers push for GST fixes, clarity on input tax credit

Urge CBIC to implement a special GST payment mechanism

Somerset may close third healthcare fund worth $250 mn by October

The final close is expected next month, with the fund on track to potentially exceed its target.

Parl panel asks Centre to decentralise PMJAY to address accessibility gaps

Panel recommends strengthening existing school and college-based health education programmes on nutrition, fitness, and mental well-being

Mankind Pharma gets CDSCO nod for Phase 1 trials for novel autoimmune drug

Mankind Pharma has received CDSCO approval to initiate Phase 1 trials of MKP11093, a novel JAK-1 inhibitor for autoimmune disorders, as part of its expanding R&D pipeline

Max Estates buys 7.25-acre Gurugram land at Rs 534 cr for housing project

The land parcel has a group housing development potential of 1.3 mn square feet, and will complement its Estate 360 project located on Dwarka Expressway in Sector 36A

In 2024-25, India's school teachers surpassed 10 mn for first time

UDISE+ 2024-25 shows India's teaching workforce crossed 10 million with women forming 54.2 per cent, even as enrolments fell to 246.95 million due to lower primary share

Senior living market to reach $8 billion by 2030, ASLI-JLL report shows

Rising elderly population, policy push and investor interest to drive demand

Competitiveness may be hit on GST rejig: Medical devices industry

AIMED said GST changes could hurt domestic medtech competitiveness and tilt the market towards imports, urging balanced tax slabs, refund reforms, and a higher Health Cess

US pharma tariffs unlikely to hit Indian drugmakers materially: Ind-Ra

Says sector fortified with sound financial position, diversified biz model

Akums Drugs announces JV to set up manufacturing facility in Zambia

Akums will hold 51% in its joint venture with the Zambian government to set up a pharma manufacturing facility, marking its first overseas plant and Africa expansion

15K hospitals to suspend cashless services for Bajaj Allianz policyholders

Hospital body issues notice to Care Health Insurance; says low rates, heavy deductions behind move

CRE Matrix refutes data theft allegations by Delhi-based PropEquity

CRE Matrix denies the allegations of data theft, calling them unfounded, while PropEquity moves the Delhi High Court seeking damages and an injunction

CDSCO flags 8 drugs as spurious, 134 not of standard quality in July

CDSCO flagged eight spurious drugs and 134 substandard formulations in July 2025, while Novo Nordisk reported theft of insulin and Wegovy batches during transit in India

UK businessman Sukhpal Ahluwalia buys Rs 100 cr flat in DLF Camellias

British businessman Sukhpal Ahluwalia has purchased an 11,416 sq ft apartment at DLF's luxury project The Camellias in Gurugram for Rs 100 crore, underscoring demand for high-end homes

Fortis expands UP footprint, signs O&M deal for 550-bed hospital in Lucknow

Fortis Healthcare has partnered with Ekana Group to manage a 550-bed greenfield hospital in Lucknow, expanding its Uttar Pradesh presence alongside its Noida and Greater Noida units

PropEquity sues CRE Matrix for alleged data theft, Delhi HC issues summons

PropEquity has moved the Delhi High Court against CRE Matrix alleging data theft, seeking damages of Rs 8 crore as the court issues summons and sets next hearing for September 19

Landmark Group to invest Rs 400 cr in Gurugram luxury housing project

Landmark Group has announced a Rs 400 crore investment in the second phase of its luxury housing project SKYVUE in Gurugram, featuring premium towers with high-end amenities

Branded homes in high demand; IHCL, Marriott tie up with developers

Hospitality majors like IHCL, Marriott, and others are partnering with developers to tap the growing demand for branded residences, as luxury homebuyers drive the trend across metro and tier-II cities

Govt panel starts drafting rules for refurbished medical device imports

A high-level inter-departmental committee has begun discussions on regulating refurbished medical devices, balancing patient safety concerns with affordable healthcare access