Page 18 - Sanket Koul

Indian pharma faces US revenue slowdown amid scrutiny, tariffs: ICRA

ICRA projects Indian pharma firms' US revenue growth to slow due to price erosion, USFDA scrutiny and tariff risks, while high dependence on Chinese APIs persists despite PLI

Mankind joins hands with OpenAI to institutionalise AI in operations

"GPT-powered dashboards will be used to provide real-time, data-driven insights across R&D, supply chain and commercial operations," a company executive told Business Standard

Hospitals vs insurers: Policyholders bear the brunt of rising medical costs

The simmering conflict came to a head last month when Niva Bupa suspended cashless services at Max Hospitals on August 16, citing unresolved reimbursement issues

Medical device makers ask for extending ITC on services, capital goods

Industry body Aimed says proposed balanced reforms could help reduce healthcare costs for consumers

NMC announces 6,850 new MBBS seats for 2025-26 in line with expansion plan

The National Medical Commission has approved 6,850 new MBBS seats for 2025-26, aligning with the Centre's plan to expand medical education and improve India's doctor-patient ratio

Indian real estate sector expects wave of reforms after SC judgment

2-judge Bench issued a wide-ranging set of 12 binding directions, including framing of specific guidelines for insolvency proceedings in real estate

NPPA asks pharma, medtech firms to cut prices after GST rate reduction

NPPA directs pharma and medical device makers to revise MRPs after GST cut to 5 per cent, while making relabelling of old stock voluntary subject to compliance

HC ruling on JDAs to ease costs, boost project viability, say developers

Legal experts caution of challenge in SC, also clarity would be needed for settling ITC

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