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News on Medial
Online pharmacies could face stricter check-ups
Economic Times
·
1m ago
Medial
The Indian government is planning to tighten regulations on online pharmacy platforms due to increasing complaints about unverified prescriptions and a surge in such platforms. E-pharmacies currently lack specific regulations under the Drugs and Cosmetics Act. This move is part of a broader effort to scrutinize the industry and address concerns posed by these platforms' rapid expansion. Meanwhile, the All-India Organisation of Chemists and Druggists demands a repeal of pandemic-era rules allowing doorstep delivery of medicines.
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Madras HC delivers shot in the arm for online pharmacies
Economic Times
·
1y ago
Medial
The Madras High Court has overturned a previous order that prohibited online pharmacies like Tata 1mg, PharmEasy, Netmeds, and Practo from engaging in digital medicine trading. This decision is seen as a positive development for online pharmacies and could have implications for similar cases. The earlier order was issued by a single-judge bench in December 2018.
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Big Tech to face tougher rules on targeted political ads in EU
Economic Times
·
1y ago
Medial
Tech giants like Facebook, Google, and Twitter may face tougher regulations on targeted political ads in the European Union (EU). The EU is currently considering proposals to impose stricter rules on online platforms to protect the integrity of political elections. These rules could include increased transparency requirements, stricter rules for micro-targeting, and limitations on data collection and use for political advertising. The objective is to prevent the spread of disinformation and ensure fair and transparent elections in the digital age.
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India issues stricter rules for foreign lawyers flying in for client work
VCCircle
·
2m ago
Medial
India has introduced stricter regulations for foreign lawyers visiting for client work. They must inform India's bar council of their visit and disclose client details. These rules follow India's 2023 decision allowing foreign law firms to establish offices for specific legal areas. Despite allowing fly-in services, foreign lawyers face stricter compliance now, including a 60-day stay limit. Critics argue these measures could hinder legal operations, compromising the intended industry liberalization.
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Operating losses of e-pharmacies seen falling below 10% next financial year: Crisil report
Livemint
·
7m ago
Medial
India's online pharmacy sector aims to reduce operating losses below 10% in the next financial year, down from over 30% in 2023, according to Crisil Ratings. The projection is based on a focus on high-margin products and operational efficiencies. While revenue growth is expected, the sector will continue to face cash losses due to high operational costs and competition. Securing timely equity funding will be crucial to maximize growth opportunities and manage cash burn. Online pharmacies currently make up only 3-5% of the Indian market, indicating significant growth potential.
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Digital Competition Bill: Gatekeeper tag likely for top digital startups
Livemint
·
1y ago
Medial
Several top Indian startups, including Zomato, Myntra, and Nykaa, may face stricter compliance standards under the new Digital Competition Bill aimed at ensuring fair play in digital markets. The bill proposes the identification of influential digital economy companies, termed as "systemically significant digital enterprises," who will be required to follow specific regulations and file compliance reports to the Competition Commission of India. Violators of the law could face penalties up to 10% of their global turnover. The bill also covers companies in sectors such as medicine delivery, rail ticket booking, and digital payments.
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Online gaming companies say only illegal platforms will gain from 28% GST
Economic Times
·
2y ago
Medial
The government's decision to impose a 28% GST on the full face value of online gaming could result in users migrating to illegal gambling and betting platforms, industry executives said.
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Amazon to provide free health check-ups to over 80K delivery partners
Economic Times
·
3m ago
Medial
Amazon India has announced an initiative to provide free health check-ups for over 80,000 delivery associates through medical camps nationwide by the end of 2025. Launched with camps in Tamil Nadu and Delhi-NCR, the program includes eye exams, dental check-ups, BMI assessments, and physician consultations. Conducted by Marsh and Care Insurance, delivery associates can access services by presenting government-issued ID at designated camps at Amazon's last-mile delivery stations, reinforcing the company’s commitment to their health and safety.
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Bengaluru: Targeting techies, hospitals double down on preventive health packages
Economic Times
·
4m ago
Medial
Corporate hospitals in Bengaluru are increasingly focusing on preventive healthcare due to a notable rise in health check-ups and consultations, driven by insurance and subscription models. Narayana Hrudayalaya has launched Aarogyam, a tech-focused screening center, while Apollo and Manipal promote regular screenings amid rising lifestyle diseases. Preventive healthcare is emerging as a significant business model, with hospitals offering subscription-based check-ups. Studies highlight a growing awareness and need for proactive healthcare due to prevalent undiagnosed chronic conditions.
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Bottomline: PE-backed Apollo Pharmacies sustains revenue growth but stays in the red
VCCircle
·
2m ago
Medial
Apollo Pharmacies Ltd, backed by private equity, continued to show revenue growth but remained unprofitable for the fourth consecutive year through March 2025. The company's efforts to expand its offline store network and ongoing losses in its online business contributed to its financial challenges, despite being India's largest retail pharmacy chain.
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Why Modi Must Step in to Save India’s Drone Dreams
OutlookIndia
·
9m ago
Medial
India's defence start-ups face challenges in funding and securing orders, hindering their growth in the sector. Despite government initiatives and grants, venture capital and early-stage investors are reluctant to invest in the defence and aerospace industry due to long product development timeframes and limited returns. Bigger, well-connected companies often secure tenders, leaving smaller start-ups struggling. The government needs to provide equal opportunities and support to start-ups, including establishing a dedicated fund for defence start-ups and simplifying regulations. With these measures, India can foster innovation and achieve self-reliance in its defence sector.
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