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| 16 May, 2022, 03:20 PM IST | Print Edition
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    ULTRASOUND MACHINE

    Supply chain woes, input costs push Medtech companies to start making in India
    The weakening of the rupee versus the dollar, freight charges that rose by five times from pre-pandemic levels and high import duties have increased the cost of imports for these companies in India, pushing them to evaluate possibilities of shifting a part of manufacturing to the country, industry executives told ET.
    Wipro GE Healthcare opens greenfield medical devices factory in Bengaluru under PLI scheme
    Spread across 35,000 sq ft, the plant will be manufacturing CT machines, cath lab equipment, ultrasound scanners, patient monitoring solutions, ECG machines and ventilators. It has a workforce of 35 at its shop floor which is expected to increase to 100 in the next two-three years.
    ConsenSys raises $450 million in series-D funding
    The fundraising was led by ParaFi Capital, who took part in the previous fundraising too. It was joined by new investors, including Temasek, SoftBank Vision Fund 2, Microsoft, Anthos Capital, Sound Ventures, and C Ventures.
    IIT Madras researchers develop new technique to provide high resolution ultrasound images
    The research could facilitate better diagnosis of diseases, detection of minute abnormalities and better real-time image-guided biopsy procedures and treatment monitoring applications.
    Global studies show Omicron spreads faster than previous COVID-19 variants of concern: Govt
    A comparative study carried out by Translational Health Science and Technology Institute, an autonomous institute of the Department of Biotechnology has shown that vaccine induced antibodies have reduced ability to neutralize Omicron variant of SARS-CoV-2, Minister of State for Health Bharati Pravin Pawar said in a written reply.
    AI in investing is about human empowerment, not displacement
    Competent financial advisors make intelligent use of the actionable AI and ML input which provides a comprehensive analysis of stocks/sectors and investor behaviour to create long-term wealth for different clients. This ultimate goal is achieved only through disciplined and diversified investments, in line with respective income profiles, risk appetites, available market opportunities, and applicable incentives like tax deductions and exemptions.
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