Sunday, Apr 14 2024 | Time 03:06 Hrs(IST)
image
Business Economy


Karkinos Healthcare receives investment for development of innovative healthcare solutions

Hyderabad May 22 (UNI) Karkinos Healthcare, a technology-driven, oncology focussed managed health care platform, on Sunday announced that Mayo Clinic has invested a minority stake in the company, subject to certain conditions precedent.
Mayo Clinic will also nominate a member on the Board of Directors of Karkinos as part of this agreement, the Healthcare company said in a release here.
Addressing clinical needs of cancer patients, Karkinos Healthcare, which is pioneering the Distributed Cancer Care Network model in India, has Ratan Tata, Venu Srinivasan, Kris Gopalakrishnan, Ronnie Screwvala, Vijay Shekar Sharma, and Bhavish Agarwal amongst its set of investors.
The Tata Group is investing Rs. 110 crore in Karkinos while Rakuten Medical, the global clinical stage biotechnology company, and Reliance Digital Health, a subsidiary of Reliance Industries, hold minority stakes. Venture Capital fund Endiya Partners also has a stake in the company.
The company works with multiple healthcare institutions and professionals in the oncology ecosystem, successfully bringing care closer to patients backed by a robust technology platform.
Karkinos already offers its services in Kothamangalam, Chottanikkara, Thodupuzha, Munnar locations across Ernakulam and Idukki Districts, in Kerala and is planning to ramp up its operations across India. The company is also setting up a Cancer Centre in Jawaharlal Nehru Institute of Medical Sciences (JNIMS) premises at Imphal, in partnership with the Government of Manipur.
UNI KNR SHK1946
More News

AMCCIE demands withdrawal of new hike in electricity tariff

13 Apr 2024 | 6:21 PM

Pune, Apr 13 (UNI) The Agarwal Marwadi Chamber of Commerce Industries and Education (AMCCIE) on Saturday wrote a letter to Chief Minister Eknath Shinde demanding withdrawal of new hike in electricity tariff imposed by Maharashtra State Electricity Board from this month.

see more..

Kottayam-Kochi Rubber Market Rates

13 Apr 2024 | 5:50 PM

Kottayam, April 13(UNI) Following were the Rubber Market rates announced by the Rubber Board here on Saturday per quintal.

see more..

Institutional investments in real estate nosedive as foreign investors turn cautious

13 Apr 2024 | 5:03 PM

New Delhi, April 13 (UNI) Institutional investments in the country’s real estate sector slumped 55% year-on-year to US$ 552.1 million in January-March quarter (Q1) of 2024 as foreign investors stayed away from the market in the wake of global macro-economic uncertainties and geo-political tensions, property consultant Vestian said in a report on Saturday.

see more..
AP: Granules India’s Unit V facility at Anakapalle completes US FDA Inspection

AP: Granules India’s Unit V facility at Anakapalle completes US FDA Inspection

13 Apr 2024 | 4:45 PM

Visakhapatnam (Andhra Pradesh), Apr 13 (UNI) Granules India Limited, announced on Saturday that the Company’s Unit V facility located at Anakapalle has successfully completed the US Food and Drug Administration (FDA) inspection.

see more..

Hyderabad: HP launches AI-enhanced laptops for gamers

13 Apr 2024 | 4:44 PM

Hyderabad, Apr 13 (UNI) HP has launched AI-enhanced laptops designed for gamers and content creators here on Saturday.

see more..
image