Fuelled by IFCs investment, Apollo pursues expansion
Sneha Gilada Apollo Clinics, initiated in 2002, over the years, has expanded to a network of 70 clinics across 30 cities in India. “No competitor has come anywhere close to establishing as many clinics,” Anand P Wasker, Chief Operating Officer (COO), Apollo Clinic, proudly stated at the opening of Apollo’s 7thclinic in Hyderabad at Manikonda. “Another branch is expected to come up in Uppal,” he added. The inaugural event was graced by the presence of chief guest Mr. KB Agarwal, Additional Secretary, Union Ministry of Health and Family Welfare. He expressed his appreciation for the contribution of private sector enterprises like Apollo in the field of healthcare, which are instrumental in the implementation of e-health and teleconsultation services in remote rural areas. Each ...
Religare Enterprises to list 3 separate entities
The Dollar Business Bureau Religare Enterprises Limited (REL) on Friday said it would reorganise its existing businesses into three separate entities with an aim to unlock value. According to the new arrangements, the company’s existing operating businesses- capital markets, health insurance and lending will now be listed as three separate entities. The REL Chairman and Managing Director Sunil Godhwani said that the proposed demerger will help unlock value of various businesses under the holding company. This will provide options to the investors also to fund in business of their choice. Over the past one year the company has taken a number of key steps to consolidate its portfolio and maintain a focused strategy in India. He emphasised on accelerating the growth momentum of ...
Liberalisation of capital account must for Indian economy, says RBI official
The Dollar Business Bureau Capital controls have worked well in the case of Indian economy and have protected the economy in times of various currency crises, but, the time has probably come for India to revisit the issue of greater capital account liberalization, said a top official of Reserve Bank of India. “Greater opening of the capital account is inescapable as the Indian economy grows further and becomes global in dimension,” said G Padmanabhan, Executive Director, RBI. Padmanabhan said that since India is likely to become a truly globalised economy in the near future, it cannot afford to remain isolated for a very long period. The official cautioned that as the economy gets more globalized, it will become more ...
