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KWIN City: Healthcare startups can cut healthcare costs, says Dr Devi Shetty
Economic Times
·
5m ago
Medial
Dr. Devi Shetty, chairman of Narayana Health, emphasized that integrating healthcare startups in the upcoming KWIN City near Bengaluru can make healthcare services more affordable through economies of scale. Speaking at the Global Investors Meet, he highlighted India's need for more medical professionals and infrastructure. KWIN City is envisioned as a training hub for healthcare professionals, catering to global demands. Additionally, the initiative aims to foster local job opportunities and infrastructure development, such as hotel rooms and schools.
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Paytm may remove 5,000-6,300 employees, says report
Business Today
·
1y ago
Medial
Paytm, facing growing losses, plans to cut 5,000-6,300 jobs to save Rs 400-500 crore. In FY23, it had 32,798 employees, with 29,503 actively working. Employee costs rose by 34% year-on-year to Rs 3,124 crore. The company's net loss was Rs 550 crore in Q4. Despite challenges, Paytm aims to optimize costs and achieve profitability by FY26.
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AIC T-Hub selects 20 startups for healthcare program’s 5th batch
Entrackr
·
4m ago
Medial
AIC T-Hub selects 20 startups for healthcare program’s 5th batch. Startup incubator T-Hub in collaboration with Atal Innovation Mission (AIM) has announced the launch of the 5th cohort of AIC T-Hub Healthcare Program. The program has selected 20 promising startups from a competitive pool of over 209 applications. As per T-Hub, this three-month hybrid program is designed to accelerate innovation in MedTech, digital health, and healthcare accessibility by providing startups with mentorship, market access, investor engagement, and regulatory guidance. Among the selected startups are Artyem Care, Bioscafil, Chqup, Cloud Palliative Care, Dag2IL, Epirelief, Dr. DICOM (GLOCAL DIGITAL), Kashi Medicos, Nahush Pharma, Oui Medical, Planytics, Reyansh Technologies, Sigma Mozak, Signel Biomedical, Skinska, Tap Health, thebabyland, TurocratesAI, 365Veda, and Warkas. These startups were selected based on their proof-of-concept readiness, technological innovation, regulatory compliance preparedness, market potential, and the strength of their founding teams. Through this program, startups will gain access to leading hospitals and healthcare institutions for real-world validation and pilot studies, ensuring their solutions are market-ready and clinically viable. Additionally, by engaging with venture capitalists, healthcare firms, and policymakers, startups will have opportunities to forge strategic partnerships and secure funding. Since its inception, AIC T-Hub has supported 53 healthcare startups across four previous cohorts in MedTech, digital health, and healthcare accessibility. These startups have collectively raised over Rs 60.46 crore in funding from investors and grants, facilitated more than 180 market access opportunities with hospitals, corporates, and healthcare institutions.
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MathWorks is an ally in accessibility, enabling healthcare startups to build solutions for rural India
YourStory
·
10m ago
Medial
In India, technological advancements in healthcare have predominantly been limited to urban areas, leaving rural regions with limited access to quality healthcare. However, healthtech startups leveraging technologies like telemedicine and AI are working to bridge this gap. The MathWorks Accelerator Program supports healthcare startups by providing free access to industry-proven software, technical expertise, and guidance from domain experts. Through this program, startups can develop innovative medical devices and solutions that cater to the needs of rural healthcare in India. Startups like iMedrix and PlebC Innovations have already made significant contributions in preventative cardiac care and accessible ultrasound procedures.
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FM’s gift: Startups get a tax breather
Livemint
·
1y ago
Medial
The interim budget has extended the deadline for startups, sovereign funds, and certain businesses in Gujarat International Finance Tec-City (GIFT-City) to claim tax breaks. Startups and investments by sovereign wealth or pension funds can now avail of tax benefits until 31 March 2025. Similarly, tax breaks for businesses in GIFT City have been extended until the same date. However, no extension has been granted to new manufacturing companies. The industry welcomed the extensions but expressed disappointment over the lack of benefits for new manufacturing units.
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India is now doing Rs 66,000 crore of Space business, says Dr Jitendra Singh
IndianStartupNews
·
1y ago
Medial
Dr. Jitendra Singh, Union Minister of State for Science & Technology, emphasized India's growing role in international collaboration across various sectors. He highlighted India's partnerships with countries like Russia and the United States, where India is seen as an equal partner, particularly in the space sector. Dr. Singh mentioned India's ambitious Gaganyaan mission and the participation of private enterprises in the space sector, calling it a "revolutionary shift." He also noted the increasing collaboration between the public and private sectors in India's space industry, leading to a surge in startups and innovations.
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Amazon sees opportunity to lower costs in fulfillment network, CEO says
Economic Times
·
1y ago
Medial
Amazon.com CEO Andy Jassy has stated that the company is looking to reduce costs in its fulfillment network. Following recent staff cuts in several divisions, Amazon aims to lower its cost to serve while also delivering faster for customers. Jassy emphasized that they have reevaluated every part of the network and identified areas where further cost reductions can be made. In recent months, Amazon has laid off hundreds of employees in divisions such as Amazon Web Services, Prime Video, healthcare, and Alexa. Shares of Amazon were down 1% in premarket trading.
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'In the gig world, logistics is huge...': Deepak Shenoy reacts to Zepto CEO's comments on Indian startups
Business Today
·
4m ago
Medial
Deepak Shenoy highlights the efforts of Indian startups like Zomato, Swiggy, Zepto, Flipkart, and Ola to minimize delivery costs, enhance speeds, and expand city coverage. He notes that Zepto alone supports 1.5 lakh livelihoods and brings substantial tax revenues and foreign investment into India. Shenoy argues against belittling Indian startups by comparing them to Chinese counterparts and emphasizes the need for more deep tech innovation. Startups create job opportunities and make logistics accessible.
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Freelancers, startups drive demand for co-working spaces in Bengaluru
Economic Times
·
1y ago
Medial
The demand for co-working spaces in Bengaluru is on the rise, with startups opting for more flexible offices to save on costs and provide networking opportunities. Co-working spaces offer startups the flexibility of leasing contracts and a variety of options, reducing initial costs associated with traditional office spaces. Bengaluru has become the top city for flexible offices in India, with 39% of operational flex space. While the demand in 2023 is slightly slower compared to 2022, there is still optimism about the demand for co-working spaces in the coming year.
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Google releases new open LLMs, Rivian lays off staff and Signal rolls out usernames
TechCrunch
·
1y ago
Medial
Google has released two new open large language models (LLMs), Gemma 2B and Gemma 7B, as part of its push for generative AI dominance. MariaDB, the database company, could potentially go private in a $37 million deal. Change Healthcare, a major US healthcare tech company, suffered a cyberattack on its systems. Rivian is laying off 10% of its salaried workforce to cut costs in a challenging electric vehicle market. Indian e-commerce giant Flipkart is considering acquiring Dunzo, a hyperlocal delivery startup. Signal users can now keep their phone numbers private with the introduction of usernames. YouTube dominates TV streaming in the US, according to a report by Nielsen. French-based Planity has raised $48 million to expand its hair salon software service. Dutch startup Monumental has secured $25 million to develop its robotic carts and arms for bricklaying.
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How senior care startups are harnessing AI for preventive healthcare
Economic Times
·
4m ago
Medial
Senior care startups are leveraging AI for preventive healthcare by using machine learning and real-time data tracking to address potential health issues before they occur. Companies like Primus Senior Living, Khyaal, and Kites Senior Care are developing AI tools for monitoring vitals and creating tailored healthcare plans. These technologies aim to lower healthcare costs and improve early detection, while also battling social isolation among seniors through AI companions, though some patients find AI interactions unnatural.
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