Thursday, Apr 25 2024 | Time 13:26 Hrs(IST)
image
Business Economy


Nephroplus to foray in global markets by next 3-6 months

Hyderabad, Nov 5 (UNI) Nephropuls, a Hyderabad-based Dialysis provider, will enter into global markets by the next 3-6 months, by launching one each dialysis centre, in two countries of south East Asia and the Middle East.
By the next year, the company will set up 20 international dialysis centres and plans to raise between Rs 130-150 crore through series 'D' funding, company Founder and CEO Vikram Vuppala told reporters here, after announcing the acquisition of 22 dialysis centres of DaVita Care India, part of DaVita Inc, a Fortune 500 Company, on Monday.
''Nearly half a dozen international investors are showing interest to invest in Nephroplus and we are holding talks with them. We will hold major stake, though we will go for joint ventures with international hospitals in setting up of dialysis centre at the overseas.
''So far, the company had raised Rs 200 crore in the series of A,B,C funding,'' Mr Vikram further said, adding the company's turnover was expected to touch Rs 200 crore in the fiscal, against Rs 150 crore in the last year.
The company is also planning to go for an IPO (initial public offering) in the next 2-3 years in India, he added.
UNI KNR RJ 2000
More News

RITES collaborates with DVC for rail infra works

25 Apr 2024 | 1:05 PM

Mumbai, April 25 (UNI) RITES Ltd., a prime transport infrastructure consultancy on Thursday said that it has signed an MoU with Damodar Valley Corporation (DVC), a statutory body under the Ministry of Power, to collaborate for Project Management Consultancy for rail infra works.

see more..

JioCinema to redefine subscription market with launch of Premium Plans

25 Apr 2024 | 12:42 PM

Mumbai, April 25 (UNI) JioCinema, the video streaming platform of Reliance Industries, has rolled out new subscription plans, JioCinema Premium, which will include ad-free content across languages, including original series, movies, children's shows, and TV entertainment on any device, including connected TV sets, for Rs 29 a month.

see more..
Rupee falls 6 paise against USD

Rupee falls 6 paise against USD

25 Apr 2024 | 12:15 PM

Mumbai, April 25 (UNI) The Rupee on Thursday declined 6 paise at 83.38 against USD in opening session on rising demand for US Dollar by bankers and importers, dealers at the Foreign Exchange said.

see more..
Sensex up 78 points

Sensex up 78 points

25 Apr 2024 | 12:05 PM

Mumbai, April 25 (UNI) The BSE Sensex remained positive for the fifth day in a row on Thursday, advancing 78 points at 73,931.88 in opening session following gains in Financial services, Health Care and Industrials stocks.

see more..

USD, Pound, Euro up ; Yen down

25 Apr 2024 | 9:50 AM

Mumbai, Apr 25 (UNI) Following were the indicative currency rates and travellers' cheques
buying and selling rates.

see more..
image