Mumbai-based AI healthcare startup Qure.ai has secured $65 million in a Series D funding round led by Lightspeed and 360 ONE Asset, with participation from prominent investors including Merck Global Health Innovation Fund, Novo Holdings, and Kae Capital. Founded in 2016, Qure.ai specializes in using artificial intelligence to analyze medical images like X-rays and CT scans, providing fast…
This Record-Breaking Sale Just Redefined Dubai's Skyline, and You Won't Believe How Much It Sold For
Dubai’s luxury real estate market has once again set a new standard with the sale of a stunning penthouse in Downtown Dubai for a record-breaking Dh80 million. The property in question, a four-bedroom Sky Collection Penthouse at the Kempinski The Boulevard, boasts over 7,466 square feet of opulent living space, with breathtaking views of the Burj Khalifa.
The penthouse, located in one of…
In a dramatic turn of events surrounding the ticketing industry, Zomato Live and BookMyShow have taken decisive legal steps against unauthorized platforms, sparking a major debate on concert ticket reselling. Both companies are on the front lines after concert tickets for Coldplay and Diljit Dosanjh’s shows were found being sold at exorbitant prices on resale platforms like Viagogo. This comes…
Deloitte has responded to the recent uproar surrounding the tragic death of a young EY employee by establishing a committee to review its internal policies. This incident has sparked widespread debate about work culture in major firms like EY and Deloitte, emphasizing the need for robust employee welfare mechanisms.
Background The controversy began when a young employee at EY, Anna…
Amazon India has appointed Samir Kumar, a 25-year company veteran, as the new head of its India operations. This major leadership transition comes at a time when Amazon faces fierce competition and regulatory challenges in the Indian market. Samir will assume his new role on October 1, 2024, replacing Manish Tiwary, who resigned in August 2024 to explore new opportunities.
Samir Kumar’s…
Budget airline SpiceJet is making a crucial move to raise Rs 3,000 crore through a qualified institutional placement (QIP) in an effort to stabilize its operations and return grounded planes to service. This decision comes at a time when the airline is grappling with significant financial and operational challenges, including grounded aircraft, legal disputes, and the need to settle outstanding…
In a strategic decision aimed at expanding its footprint in the healthcare sector, Max Healthcare has announced plans to acquire a controlling 64% stake in Jaypee Healthcare for an enterprise value of ₹1,660 crore. This acquisition, expected to finalize within 30 days, will give Max Healthcare access to Jaypee’s flagship 500-bed hospital in Noida. The deal is part of a collaboration with the…
Strides Pharma Science has taken a significant step forward by securing shareholder approval to establish OneSource, a specialty Contract Development and Manufacturing Organization (CDMO). This strategic move aligns with the company’s focus on expanding its portfolio and addressing growing demands in the healthcare industry. The approval marks a key milestone for Strides as it works to…
In a significant development, the GST Council has formed a Group of Ministers (GoM) to evaluate the potential reduction of the Goods and Services Tax (GST) levied on health and life insurance premiums. Currently, a steep 18% tax is imposed on both health and life insurance, which has sparked widespread discussions about the burden this places on consumers, especially in a post-pandemic world where…
Hexaware Technologies, a leading digital and technology services company backed by private equity giant Carlyle Group, is gearing up for one of the largest IPOs in recent history. The company has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), seeking to raise Rs 9,950 crore through an Offer for Sale (OFS). This massive public issue stands as the…
