Robotic surgery, once confined to major private hospitals in India, is now available in some public health sector hospitals, as demand rises and more affordable options become available. The Regional Cancer Center in Kerala received $7 million in funding to establish the state's first robotic surgery facility in a public...
Kochi, India Co. Develops Novel Drugs to Battle U.S. Opiod Epidemic
PNB VESPER a Kochi-based biopharma company located in the southern state of Kerala, signed agreements with the U.S. National Institute on Drug Abuse (NIDA) to develop drugs to treat opioid and cocaine addiction disorders. Kochi, (formerly Cochin) is part of the southwestern state coastal state of Kerala. Per the deal,...
Blackstone Enters India’s Healthcare Sector with Billion Dollar Investment
Global private equity giant Blackstone will buy a majority stake in India's Hyderabad-based Care Hospitals marking the firm's entry into the country's healthcare services sector. The deal is valued at $1 billion. Blackstone has also facilitated a further acquisition. Through its investment, Care Hospitals will acquire a majority stake in...
India’s Aster Medcity, Medtronic, Partner to Deliver Parkinsons Therapy
Aster Medcity, a healthcare center in the city of Kochi (earlier known as Cochin), in India's south western state of Kerala, is the flagship hospital of Aster DM Healthcare, a healthcare conglomerate founded by Azad Moopen. This facility has become the first center in South Asia to introduce NeuroNav MER...
Cleareye.ai acquires India software company
Los Angeles, CA-based Cleareye.ai acquired Aiware.ai an artificial intelligence-based fintech solutions provider based in the southern state of Kerala in India. AIWare.ai offered its enterprise-based clientele quantum computing, distributed trust with blockchain and AI solutions. Cleareye.ai, on the other hand, provides AI-enabled services such as consumer experience sensing, insight generation...
Norway's Orkla to acquire another Indian Consumer Company
When I lived in Bangalore, one of the hottest restaurants in town was the Mavalli Tiffin Room, known to everyone at MTR. The owners of the restaurant diversified into the into the instant food business, selling spices and ready-to-eat south Indian snacks and condiments such as "chutneys" and "rasams. MTR products rapidly...