09.25.07
Posted in Uncategorized at 1:39 am by heaven
MUMBAI: The Hinduja group firm Hinduja TMT (HTMT) on Monday said it has formed a JV with Limitless, the real estate subsidiary of Dubai World, to foray into medicare-related realty business. Hindujas will hold 51% stake in the JV, with Limitless holding the remaining.
“We have identified healthcare as one growth area for the group. We have plans to set up medicity projects in various parts of India, which will offer a complete range of healthcare services including hospital services. Limitless will be handling the developmental aspects of the medicity project,” said Ashok Mansukhani, president, HTMT.
On Monday, HTMT underwent a name-change and will be known as Hinduja Ventures. The company has got approval for the name-change from shareholders at its AGM held in Mumbai. Ashok Hinduja, executive chairman of the group, told shareholders that the group would be investing Rs 100 crore in its medicare projects.
Mr Mansukhani said the company is also developing its 47-acre land near international airport in Bangalore as a residential and commercial property. It has also decided to hive off its media division, IndusInd Media and Communication (IMCL) — as a subsidiary company.
“Currently, IndusInd Media and Communication is a part of HTMT. We have decided to hive off it as a subsidiary and it will be listed in the stock exchanges sometime next year,” said Mr Mansukhani.
IMCL is the major subsidiary of HTMT and is also one of the largest multi-system operators in the country. With approximately more than 6 million subscribers across 14 major cities, the company offers 170 channels in the digital mode.
It also offers about 90 channels in the analog mode. The company has a backbone of over 6,000-km of fibre optic network through which it offers broadband services with national ISP licence. The company is also into content creation, acquisition and aggregation.
IMCL has completed the first stage of conditional access system (CAS) by installing more than 1 lakh set-top boxes in the CAS-notified areas. The company is fully-geared to meet the subsequent phases of the CAS rollout as per the government regulations.
Mr Mansukhani said the media distribution and content services firm of the Hinduja group is also planning to bring more foreign channels to India and an application on the same has been filed with the authorities for the approval.
HTMT has also entered into an agreement with ESPN Star Sports for the distribution of its new cricket channel, Star Cricket, in Mumbai, Thane and Navi Mumbai.
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Posted in Uncategorized at 1:39 am by heaven
MUMBAI: Hinduja TMT Ltd, which is being renamed as Hinduja Ventures, and its joint venture partner UAE's DP World will invest Rs 100 crore each to enter the healthcare sector.
"We will invest Rs 100 crore and DP World would also invest a similar amount," Hinduja Ventures' Executive Chairman Ashok P Hinduja told reporters here.
In March, Hinduja TMT and Dubai World signed a joint venture agreement for infrastructure development projects in India and the Gulf city. DP World is a subsidiary of Dubai World, a holding company owned by the Government of UAE.
"The medicare (healthcare) investments would cover all aspects of the industry such as research & development, diagnostic centres and real estate," Hinduja told the company's shareholders at the annual general meeting here.
The shareholders approved the name change from Hinduja TMT to Hinduja Ventures.
With cash reserves of Rs 502 crore, Hinduja TMT would invest in healthcare, real estate, media and at least half-a-dozen new ventures, Hinduja said.
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Posted in Uncategorized at 1:39 am by heaven
MUMBAI: Lavasa Corporation, the real estate subsidiary of construction firm Hindustan Construction Company (HCC), has signed an agreement with hospital major Apollo Hospitals to build an integrated healthcare and wellness hospital at Lavasa Hill near Pune.
HCC is currently developing a 12,500-acre township project at Lavasa. The Lavasa-Apollo joint venture hospital is likely to be spread over 200 acres of land. It will initially be a multi-speciality hospital with a capacity of 50 bed and is expected to be ready by 2009.
“Eventually the services shall extend to wellness services, rejuvenation, long-term care and research and development,” Lavasa Corporation chairman Ajit Gulabchand said. The initial investment in the project will be Rs 200 crore. Consulting firm Deloitte Touche Tohmatsu advised HCC on the tie-up with Apollo.
Mr Gulabchand also said HCC wants to develop Lavasa as a centre of excellence in major research and development fields and a preferred destination for both business and leisure. “The medical expertise of Apollo will enable us to provide world-class healthcare facilities at Lavasa and improve the quality of life of its residents,” he added.
The integrated hospital and wellness centre will have four major service verticals — medical cluster, wellness cluster, long-term care and educational and R&D zones. Apollo Hospital group vice-chairman Shobana Kamineni said the Lavasa facility will be one of the leading healthcare projects of the group in western India.
The group is also setting up hospitals in Thane and Navi Mumbai. “Services at the Lavasa facility shall cater to both the local population as well as to foreigners. The Indian healthcare services sector is among the fastest growing segments in the Indian industry and is growing at more than 15.5%,” she said.
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09.23.07
Posted in Uncategorized at 1:38 am by heaven
MUMBAI: Healthcare major, Apollo Hospitals group and Lavasa Corporation on Friday signed an agreement to set up an integrated healthcare and wellness destination at the Lavasa Hill town near Pune.
Lavasa is a modern hill town being developed by Hindustan Construction Company group and is spread across 12,500-acres of land, about 65 kms from Pune.
Initially, the plan is to establish a multi-specialty hospital with a capacity of 50 beds which would be ready by 2009, a company statement issued here said.
Eventually, services shall extend to wellness activities, long-term care and research and development, amongst others.
The integrated hospital and wellness centre would have four major service verticals -- medical cluster, wellness cluster, long-term care and education-R&D zone.
Medical cluster would have a higher secondary care hospital and medical and surgical ICUs for key specialities like cardiology, neurology, orthopedics and pediatrics. Support services like radiology, imaging and a diagnostic laboratory would be set up alongside, the release added.
The wellness cluster would comprise facilities ranging from complementary and alternative medicine to medical spa etc. Long term care would include rehabilitation services for patients who have undergone orthopedic surgeries or have neurological disorders.
The education and research zone will have a medical convention centre, training for nurses and technicians and clinical trials facilities, the release said.
The integrated healthcare centre is expected to create 2,000 jobs and would also bring in revenue to the region in the form of medical tourism, the release added.
Deloitte Touche Tohmatsu India facilitated the collaboration between the two companies.
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09.21.07
Posted in Uncategorized at 1:37 am by heaven
MUMBAI: Medical equipment maker Opto Circuits India on Wednesday said it has entered into a technology transfer agreement with Italy-based Elpro Srl to develop, manufacture and market different variants of electro cardio graphs machines (ECG Machines).
The agreement covers four variants of ECG machines and would give Opto Circuits the ability to market the new variants of stand-alone electro cardio graph machines in the domestic and international market, the company informed the Bombay Stock Exchange.
The Bangalore-based company offers medical devices such as pulse oximeters, pulse oximeter sensors, fluid warmers, cholesterol monitors and stents.
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