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Apollo Hospitals, a $2 bn health empire, makes a comeback
Health-care is becoming one of India’s largest businesses, with the size of the hospital industry projected to more than double to $133 billion over the next four years, according to the government’s India Brand Equity Foundation. Most patients pay health costs out of pocket, but incomes are rising and the insurance industry is developing. More Indians could be insured over the coming decades as Prime Minister Narendra Modi’s government expands a new initiative to provide health insurance for the poorer half of the country’s population.
Important to address concerns quickly in cyber era, Nestle CEO on Maggi crisis learning
Maggi was banned by the Food Safety and Standards Authority of India (FSSAI) in June 2015 for five months for allegedly containing lead beyond permissible limits, forcing Nestle India to withdraw the product from the market. Following legal battles, the popular noodles brand was back in the market in November 2015.
GI Council reconstituted, IRDA nominates four new members
As the new nominated members by the IRDAI, former additional chief secretary, Andhra Pradesh, C R Biswal has been inducted in the council as the eminent person not connected with insurance.The other nominated members of the council are Vikram Jit Singh Chhatwal¸ whole time director, Medi Assist Insurance TPA as the TPA representative, Saumil Dilip Mehta, director, Mehta & Padamsey Insurance Surveyors & Loss Assessors Pvt as the Surveyors & Loss Assessors representative, V V Venkatasubramanian as the policyholders representative and Y Ramanand Rao as the agents’ representative
Easing oil prices, recovering rupee see FPIs invest over $1 billion in November
Foreign portfolio investors (FPIs) had pulled out over Rs 21,000 crore from the capital markets (both equity and debt) in September. Before that, they had put in Rs 7,500 crore in July and August.According to depositories data, FPIs infused Rs 3,862 crore in the equity markets during November 1-16, and Rs 4,423 crore in the debt market, taking the total to Rs 8,285 crore ($1.14 billion).
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