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Apollo Hospitals today said it has completed acquisition of majority stake in Guwahati-based Assam Hospitals. “We have now completed the acquisition of a 51 per cent majority stake in Assam Hospitals, Guwahati,” Apollo Hospitals Enterprise said in a regulatory filing. The Chennai-based health care major had last year announced to acquire a majority stake in […]

King’s College Hospital, one of the UK’s largest teaching hospitals, will soon set up a 1,000-bed world-class medical facility in Andhra Pradesh’s new capital Amaravati, Chief Minister Chandrababu Naidu has announced. “The King’s College Hospital has agreed to set up a 1,000-bed hospital in Amaravati immediately and make it their headquarters as they plan to […]

Hospitality firm Lemon Tree Hotels has launched its first resort property in Delhi-NCR at Tarudhan Valley in Manesar and is planning to set up more resorts under the Lemon Tree brand. As per the management agreement, Carnation Hotels, the hotel management joint venture partner of Lemon Tree Hotels has taken over the management of the […]

The domestic pharmaceutical market grew at 12 per cent y-o-y in February, broadly in line with the average of 12.9 per cent since April 2015, primarily due to steady volumes, sustained healthy price hikes and new launches, a report said. “The Indian Pharmaceutical Market (IPM) reported moderate revenue growth of 12 per cent y-o-y in […]

Dr Reddy’s Laboratories and TR-Pharm today announced a strategic agreement involving three biosimilar products. A total of three products will be registered and subsequently commercialised as a part of this agreement by TR-Pharm in Turkey. TR-Pharm will also manufacture the drug substance and drug product upon completion of its facility investment. Mehmet Goker, General Manager, […]