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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, ML to drive digital healthcare management, says Wipro GE Healthcare's Shravan SubramanyamSubramanyam, who took charge as managing director of GE Healthcare India and South Asia last September, said its research and development centre in Bengaluru -- GE John D Welch Technology Centre -- is developing innovative solutions for global medical products and servicesItaly’s medical assistance to India continue with more flightsWithin the European Civil Protection Mechanism, a new batch of aid and equipment donated by various actors was loaded on the Italian Air Force on the ATR72 Guardia di Finanza plane from Verona this morning.7 out of 1,200 people who returned from UK test COVID-19 positive in TelanganaTelangana Health Minister Eatala Rajender held a review meeting with senior officials of the department on the steps being taken in the state in the wake of global concerns with the new virus strain.As India Inc works from home, the challenges of adopting 5G become glaringly obviousExperts say the future wave of 5G use cases won’t have any meaningful impact unless India’s fragile digital infrastructure quickly sees a complete makeover and becomes comparable with that in the US, China, South Korea and Japan to support the fast broadband technology.Philips to invest Rs 300 crore in India manufacturing, R&D“Even as we work through the current crisis, we are focused on the future and are investing towards it,” Daniel Mazon, vice chairman and managing director for Indian subcontinent at Philips India, told ET.With 5G, you can virtually transport a person, do remote surgeryIndia is taking baby steps towards new-age technology facilitated by 5G. While trials will begin over the next few months commercial on-ground rollout will happen only by 2020.In a breakthrough, now a smartphone-powered low-cost ultrasound scanner has been designedSonograms produced by the device are as sharp as or even more detailed than traditional sonograms.Finance Ministry relaxes norms for import of exported electronic goods for repairsAs per the notification issued by the Central Board of Indirect Taxes and Customs (CBIC), these goods can be imported duty-free with the condition that they will be re-exported after repairs.Govt plans regulations for critical medical devices like pacemaker, X-ray machinesGovt plans to set quality standards for implantable medical devices and equipment, including defibrillators, dialysis and X-ray machines as well as PET, CT scan and MRI equipment.Government to strengthen regulation of ultrasound, other imaging equipmentThe move is also expected to ensure that these products follow high quality standards and are easier for the government to track in order to prevent abuse.Samsung to set up 15 Smart Healthcare centres in Tamil NaduA memorandum of understanding was signed between Samsung India and Department of Medical, Health and Family Welfare, Government of Tamil Nadu in November 2017.Novel augmented tongue ultrasound for speech therapy?London, Oct 15 (IANS) A team of researchers have developed a system that uses an ultrasound to display movements of tongues in real time, a finding which may help patients with tongue surgery to improve their speech.Jeff Immelt steps aside as GE chairman ahead of scheduleImmelt left after determining "that the CEO transition has proceeded smoothly," said the maker of jet engines, gas turbines and ultrasound machines.Philips takes to digital tech to focus on healthcare space and increase workforce by 25%Philips spun off its lighting division in June 2016 to focus on the healthcare division establishing Philips HealthTech as a separate company.Samsung to install high-end machines in 3 Arunachal hospitalsExecutives from the Samsung Electronics visited the hospital to take first hand information of the site for installation of the machines.Arunachal CM Pema Khandu meets Samsung for putting state on IT radarThe meeting has thrown open a wide open space for the electronic giant to partner with the state government in welfare activities under the company's CSR initiatives.Committee to look into instances of assault on doctorsAnupriya Patel said that the the inter ministerial committee was formed following a representation by the Indian Medical Association to them and it has also submitted its report.District magistrates to be hauled up for poor 'Beti Bachao' report card: Maneka GandhiManeka Gandhi was responding to a query at the All Women Journalists' workshop here on decline in the child sex-ratio at Meerut in UP.Improvement in child sex-ratio in 49 districts: Maneka GandhiManeka emphasised on the need for compulsory registration of pregnant women by village panchayats to curb female foeticide.Over 2100 cases filed to check female foeticide: JP NaddaHealth Minister JP Nadda said the registration of 100 medical professionals convicted under the Act has been suspended or cancelled by concerned state medical councils.47 FIRs lodged to check violation of PCPNDT Act in HaryanaApart from this, 2,455 awareness rallies were organised in the selected 12 districts where the sex ratio is skewed and saw participation of 1,46,918 persons.Views on making sex determination tests legal are personal: Maneka GandhiGandhi said it was a fact that even a police constable has the clout to force pathologists to inform him whether a lady is giving birth to a male or a female child.Load More
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