Hospital Financial News

Edith Wanjiku holds onto one of the few photos she’s left with of her teenage son Ibrahim Kamau

Part of a departure terminal canopy at New Delhi’s main airport has collapsed as monsoon rains lashed the Indian capital, killing one person and injuring six others

The hospitality industry encompasses establishments that serve individuals seeking respite, recreation, business, social activities or a celebration. It presents everything from opulent 5-star hotels to small boutique properties, all offering vast opportunities for development and creativity.

HCG, India's largest speciality cancer care chain on Friday acquired controlling stake in 196-bedded Visakhapatnam-based cancer hospital Mahatma Gandhi Cancer Hospital and Research Institute (MGCHRI) for an enterprise value of Rs 414 crore. HCG will have initial 51% stake in MGCHRI, with plans to complete the acquisition of the additional 34% stake over the next 18 months. The revenue from operations of Visakhapatnam hospital for FY24, was Rs 120.2 crore with an EBITDA of Rs 42.2 crore. HCG said the acquisition is poised to significantly bolster cancer chain's annual EBITDA by Rs 3 per share and gain a leadership position with a dominant share in Vizag region.

ITC Hotels brand portfolio, out of which 24 are managed properties, as per excerpts from ITC's annual report 2023-24. As per ITC’s annual report, the hotels business continues to leverage its ‘asset-right’ strategy to be amongst the fastest growing hospitality chains in the country with over 130 properties and 12,000 rooms under distinctive brands such as ‘ITC Hotels’ in the luxury segment, ‘Mementos’ in the luxury lifestyle segment, ‘Welcomhotel’ in the upscale segment, ‘Storii’ in the boutique premium segment, ‘Fortune’ in the mid-market to upscale segment and ‘WelcomHeritage’ in the leisure and heritage segment. As per the report, the business is witnessing 'growing interest' amongst property owners to partner with its brands resulting in a healthy generation of leads and pipeline of management contracts.

Delhi: A massive fire broke out in a factory located in the Okhla Phase 2 area in the national capital city in the early hours of Friday. Upon receiving the information and acting swiftly on the incident, the officials from the fire department, along with the fire tenders, immediately rushed to the spot. Meanwhile, efforts are underway to douse the fire, as firefighting is still underway on the spot.

COVID-19 is still lingering around. There are new variants, new vaccines and a summer uptick in infections that has been reported across the US. The Centre for Disease Control and Prevention has noted that cases are on the rise across 39 states. The good news is that the hospitalization rate due to the new variant is low. The US too is focusing on a treating particularly vulnerable groups rather than the entire population. It is important to remain vigilant and take basic precautions. Here are all the details of this emerging threat.

Thousands of doctors in England are staging their 11th walkout in a long-running dispute with the government over pay and working conditions

One person has died in the United Kingdom from an E

Officials say a passenger train derailment in northern Russia has killed three people and injured dozens

Families bid a tearful goodbye as 21 critically ill children are set to exit Gaza for treatment abroad

The Supreme Court has cleared the way for Idaho hospitals to provide emergency abortions for now in a procedural ruling that leaves key questions unanswered

Ratan Tata, the esteemed industrialist and philanthropist, has reached out to the people of Mumbai through Instagram, seeking urgent assistance to find a blood donor for a critically ill dog. The seven-month-old canine, admitted to Tata’s Small Animal Hospital, is battling suspected tick fever and life-threatening anaemia.

AIADMK are on a hunger strike in Chennai on Thursday condemning the DMK Government over the Kallakurichi hooch tragedy and demanding an inquiry by the Central Bureau of Investigation (CBI) into the same which claimed 63 lives. AIADMK leader and Leader of Opposition (LoP) Edappadi Palaniswami and other senior leaders are participating in the strike. Ever since the Assembly Session began principle opposition in the assembly AIADMK created a ruckus demanding a CBI inquiry into the illicit liquor tragedy and demanded the resignation of CM MK Stalin.

Howard Wicks faced a life-altering issue when he suffered from Locked-In Syndrome. Howard, who is 29 years old, is paralyzed except for his capacity to think, perceive, and communicate only with his eyes. Howard started a remarkable 18-month adventure to write a 50,000-word book using an Eye Gaze computer, which tracks eye movements. He characterized the procedure as difficult yet cathartic at the same time. At first, Howard enjoyed talking about the portions of his life before the stroke, but the pressure to complete the book also started to get to him, as reported by 'Daily Mail Online'.

General Motors has named a veteran technology executive with roots in the video game industry to steer its troubled robotaxi service Cruise

Ludhiana & Delhi-based real estate developer Hampton Sky Realty Ltd, formerly known as Ritesh Properties and Industries Ltd (RPIL), has announced its plans for constructing luxury hotels in collaboration with esteemed luxury hotel chains.

Bharat Agri Fert & Realty Ltd plans to develop a 7-star theme-based resort on the outskirts of Mumbai with an investment of about Rs 55 crore. It plans to launch an additional 170 rooms, along with a banquet hall and enhanced amenities by 2025-2026, thus offering the perfect venue for destination weddings on the banks of a river within the 120-acre freehold land, the company said in a statement.

Rescue workers are combing through the charred ruins of a factory building near South Korea's capital to find any more victims of a fire that killed 22 people, mostly Chinese migrant workers

Beetel Teletech on Tuesday said it has signed a deal with Alcatel-Lucent Enterprise to distribute the French company's product portfolio, including its networking and communications solutions such as network switches, wireless access points and routers. «By combining Alcatel-Lucent Enterprise's world-class product portfolio with our deep understanding of the Indian market, we are well-equipped to deliver unmatched value to enterprises across various critical sectors,» said Sanjeev Chhabra, managing director at Beetel, said in a joint statement.

Forensic and other experts are combing through the charred ruins of a factory building near South Korea’s capital to find the cause of a fire that killed 23 people, mostly Chinese migrant workers