India Launches Rupee-Kyat Payment for Myanmar Pulses

Indian consumers and businesses dependent on pulses, a crucial source of protein in the national diet, can finally exhale. April 2024 marked a turning point for pulse trade with the introduction of a direct Rupee-Kyat payment system. This initiative eliminates the previously cumbersome process of navigating multiple currency conversions, a burden that often translated to […]

Ashneer Grover’s Fintech Leap: ZeroPe Medical Loan App

Ashneer Grover’s latest venture, ZeroPe, is making waves in the fintech sector with its innovative approach to medical loans. The app, currently in its testing phase, has been developed by Third Unicorn, a company founded by Grover post his exit from BharatPe. ZeroPe is set to provide instant pre-approved medical loans of up to ₹5 […]

IPC Warns on Nimesulide Painkiller Adverse Reactions

A recent safety alert issued by the Indian Pharmacopoeia Commission (IPC) has cast a spotlight on the commonly used painkiller Nimesulide. The IPC, the national body for setting drug standards in India, warns healthcare professionals and patients about potential adverse skin reactions associated with the medication. Nimesulide’s Uses and Potential Risks Nimesulide belongs to a […]

Piramal Invests Rs 500 Cr in Puravankara

In a move that promises to reshape the landscape of Indian real estate, Piramal Enterprises, the Piramal Group’s flagship company, has announced a strategic investment of over Rs 500 crore in a carefully curated selection of projects undertaken by Bengaluru-based developer Puravankara Group. This collaboration signifies a major development, aiming to bolster Puravankara’s projects across […]

PlatinumRx Secures $800k Seed Funding from India Quotient

PlatinumRx, a Bangalore-based online pharmacy startup, is on a mission to transform medication access and affordability for all Indians. The company recently secured $800,000 in seed funding, led by venture capital firm India Quotient with angel investor participation. This financial boost will fuel PlatinumRx’s ambitious growth and expansion plans. Expanding Reach to Deliver Savings Nationwide […]

Piramal Alternatives Invests Rs 110 Cr in Biodeal Pharma

India’s booming pharmaceutical sector, valued at a staggering $78 billion , has attracted the attention of Piramal Alternatives, the alternative investment arm of Piramal Enterprises. In a recent move, Piramal Alternatives announced a significant investment of Rs 110 crore in Biodeal Pharmaceuticals, a Noida-based CDMO specializing in nasal sprays and nutraceuticals. Investment Boosts Biodeal’s Infrastructure […]

Aurobindo Pharma’s A.P. Facility: 3 U.S. FDA Notices

Aurobindo Pharma, a leading Indian pharmaceutical company, has hit a roadblock with its recently inaugurated injectable facility located in Andhra Pradesh. The US Food and Drug Administration (US FDA) conducted a routine inspection and issued a Form 483 with three observations, casting a shadow over the facility’s compliance with stringent US regulatory standards. Form 483 […]

Zeno Health Acquires Tablt Pharmacy: Mumbai Start-up Deal

Mumbai, India – In a strategic move to bolster its footprint and address the unmet need for affordable healthcare in Eastern India, Mumbai-based healthcare startup Zeno Health, backed by $25 million in funding, has acquired Kolkata-based Tablt Pharmacy. Finalized in February 2023, the acquisition underscores Zeno Health’s ambition to become a leading player in the […]

Ayurveda Market Hits Rs 1.2 Lakh Crore by FY28

The Indian Ayurveda market is poised for a remarkable upswing, with a projected valuation of ₹1.2 lakh crore (USD 16.27 billion) by FY28, according to a recent study by NirogStreet. This signifies a significant leap from the current market size estimated at ₹57,450 crore (USD 7 billion). NirogStreet’s study breaks down this growth further, indicating […]

PhonePe, Star Health: Transforming Insurance Access

A new dawn is breaking for health insurance accessibility in India. On April 3rd, 2024, Star Health Insurance, the country’s leading retail health insurer, and PhonePe, a prominent digital payments platform, announced a groundbreaking partnership. This collaboration aims to revolutionize the health insurance landscape by offering Star Health’s comprehensive plans through the user-friendly PhonePe app. […]