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Viswanath PillaMoneycontrol News Habil Khorakiwala, chairman of Wockhardt on Thursday welcomed the Union Budget 2018 and its emphasis on healthcare spending.Khorakiwala who heads the Rs 4,000-crore turnover Mumbai-based company which is into pharmaceutical and hospitals, however, expressed  apprehension over the government's track record of implementation.Close In an exclusive telephonic interview to Moneycontrol, Khorakiwala gave 6.5 points out of 10 to the Budget, said chronic shortage of medicines, lack of infrastructure and skilled manpower could pose challenge in rolling out the ambitious National Health Protection Scheme (NHPS) that aims to provide Rs 5 lakh health insurance to 10 crore poor families. related news 373 infra projects show cost overruns of Rs 3.89 lakh cr Zomato looks to become profitable by end-2020 Five of top-10 most valued firms add Rs 56,877 cr in m-cap Below are edited excerpts of the interviewWhat is your overall view on the … [Read more...] about Habil Khorakiwala welcomes govt health proposals, but cautions against brouhaha

Apollo Hospitals managing director Suneeta Reddy called the government initiatives towards healthcare as “path-breaking” and said the private sector participation will be integral in successful delivery of ambitious National Health Protection Scheme (NHPS) that aims to cover 10 crore poor families with Rs 5 lakh health insurance.Reddy, the chief of India’s largest healthcare conglomerate,  in an exclusive telephonic interview told Moneycontrol that private providers however can’t deliver unless it comes at reasonable price.Below are the edited excerpts of the interviewClose How do you see the government’s National Health Protection Scheme proposal? related news 373 infra projects show cost overruns of Rs 3.89 lakh cr Zomato looks to become profitable by end-2020 Five of top-10 most valued firms add Rs 56,877 cr in m-cap It is indeed heartening that 40 percent of India’s population will be covered under an insurance … [Read more...] about Reasonable procedural pricing key for private participation in NHPS: Apollo Hospitals MD Suneeta Reddy

The Union Budget failed to lift pharma stocks despite government announcing some big initiatives to expand healthcare access. The pharma stocks melted this past week in line with the overall negative sentiments prevailed in the stock market.Most pharma companies were expecting some cut in corporate tax which did come through and and the 10 percent long term capital gains tax came as a dampener for investors.However hospital stocks with exception of Fortis Healthcare bucked the trend as the ambitious National Health Protection Scheme (NHPS) that aims to cover 10 crore poor families with Rs 5 lakh health insurance is seen as positive for such companies.Close The BSE Healthcare dropped 6.51 percent in the past week, the benchmark declined 2.88 percent. related news 373 infra projects show cost overruns of Rs 3.89 lakh cr Zomato looks to become profitable by end-2020 Five of top-10 most valued firms add Rs 56,877 cr in m-cap All the big pharma stocks have seen declines including … [Read more...] about Pharma weekly wrap: Pharma stocks melt this past week despite big healthcare initiatives

It was a cry for help that inspired entrepreneur Eric Coly to launch his startup. The former investment banker was approached by a close friend who confided to him that she needed counseling, but she couldn’t find a therapist. Or more specifically, she couldn’t find an African-American therapist. She wanted someone who could understand her experience as a woman of color. advertisement advertisement Coly, a Senegal native diagnosed with depression, understood her frustration too well. He had also experienced the gap between the counseling needs of minorities and the availability of the services. It’s a common issue: Of the 100,000 therapists in the U.S, 86% are white, 5% Hispanic, 5% Asian, and 4% African American. Meanwhile, the American landscape looks far more diverse: The population is 62%  white and 38% racial/ethnic minority, with the latter expected to grow to the majority by 2050. “Take aside the stigmatization and the lack of access … [Read more...] about This app matches marginalized communities to therapists who share their background

The lawsuit between Nike and three designers–Marc Dolce, Mark Miner, and Denis Dekovic, who turned in their swoosh to start a hip new design studio for rival Adidas–is starting to heat up. After filing a $10 million lawsuit against the designers on Monday, the Portland-based footwear company has submitted new evidence to the court that cast Dekovic in a negative light, citing computer forensic evidence to show a conspiracy was afoot. advertisement advertisement According to court filings obtained by The Oregonian, after the three Adidas designers announced that they would be leaving the company, Nike executive Holly Hearn packed up their company laptops, hard drives, and thumb drives, and turned them over to CyTech Services, a Virginia company specializing in computer forensics. CyTech managed to recover a number of deleted files from the devices, allegedly showing that Dekovic was already planning on leaving for Adidas as early as May. This is all Nike’s … [Read more...] about Nike Reveals Recovered Emails, Texts In Lawsuit Against Former Designers