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Truemeds founders Akshat Nayyar and Kunal Wani Truemeds is a tele-health platform that helps patients with chronic diseases find top quality medicines in India at reasonable prices. According to the founders, its customers save an average of 47 percent on their monthly medicine bills and the company is determined to increase these savings to about 70 percent. In an interview with Moneycontrol , founders Akshat Nayyar and Kunal Wani said they aim to use the $22 million raised from WestBridge Capital and other investors to accelerate growth and triple the number of fulfilment centres across the country in six months. Edited excerpts: Q1: Take us through the journey of your company. How did you come up with the idea of Truemeds? Akshat Nayyar: We founded Truemeds in 2019 to address a very big challenge among the Indian middle class, i.e., affordability of medicines. With over 25 crore (250 million) chronic patients needing medicines each month, India is one of the few … [Read more...] about Truemeds aims to become household name for medicines at true prices: Founders

Representative image (Source: https://www.pexels.com/) After repeated pleas by a large number of doctors wishing to pursue their postgraduate degrees to defer the National Eligibility cum Entrance Test (Postgraduate) or NEET PG, scheduled for May 21, failed to move the government, the students have filed a petition in the Supreme Court to postpone the examination. The case is up for hearing on May 13. NEET PG is the qualifying exam for those who have passed their MBBS level to take up broad speciality courses in medicine. But why do the majority of students who are to appear in the NEET PG this year and are backed by various students’ associations apart from the Indian Medical Association (IMA) want the examination put off by a few weeks? Also, why is the National Board of Examination under the Union health ministry which conducts NEET PG not ready to budge from its stand? We try to explain everything here. Why do the students want the examination pushed? Close … [Read more...] about Explainer| Why are doctors at loggerheads with Centre to get NEET PG postponed?

New C-Class Mercedes-Benz, the country’s largest maker of luxury cars by volume, recently launched its entry-level premium sedan the C-class at a price that’s higher than ever before, but the Stuttgart-based auto major doesn’t see that as a barrier to pushing sales and driving volumes. Instead, its executives say that its product portfolio, which it claims is the widest in the category, combined with its transparent pricing mechanism, is future-proofing its business model, and prepping it for even higher sales. Mercedes-Benz India reported sales of 11,242 cars and SUVs in 2021, cementing it at the top of the luxury segment for the seventh year running and giving it a market share of around 41 percent. For Q1 this year, the company says it has already sold around 4,022 units. In terms of its range of products, Mercedes claims the largest selection in the Indian market. “We have the broadest portfolio of any manufacturer in India,” Martin Schwenk, Mercedes-Benz India’s CEO, … [Read more...] about Mercedes-Benz tackles tough market with wide portfolio, transparent pricing

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Tata Motors has launched a long-range version of the Nexon EV in the Indian market on May 11 called the Nexon EV Max which is top of the line among subcompact sport utility vehicles ( SUV s). Experience EVs at their MAX with the new Nexon EV MAX. India’s best-selling EV now is even more electrifying with enhanced range, safety, performance and luxury to give a truly MAX experience. Book Now - https://t.co/M6PyRjs3oz #NexonEVMAX #MovesYouToTheMAX pic.twitter.com/kg8qkn4JIn — Tata Passenger Electric Mobility Limited (@Tatamotorsev) May 11, 2022 Close The new upgraded electric vehicle (EV) has a larger battery pack and longer range. The Nexon EV Max will have a 40.5 kWh battery pack, up from 30.3 kWh for the existing model Nexon EV. The real-world range … [Read more...] about Tata Motors unveils subcompact sport utility vehicle Nexon EV Max in India: Here are the key features & highlights

Pallav Maheshwari said his father was severely injured in an Ola electric scooter accident. (Image credit: Ola-Electric/Facebook, pallav-maheshwari/LinkedIn) A Jodhpur man has flagged a software bug in Ola electric scooters after his father suffered a severe head injury in an accident. Pallav Maheshwari wrote that a software bug in Ola electric is causing its scooters to go in reverse mode at full speed. This is a known issue in Ola scooters and has been flagged multiple times in the past – just last month, a Twitter user wrote of how his scooter switched to reverse mode and ended up crashing. Something similar happened to Maheshwari’s 65-year-old father, who bringing the scooter inside his house to park. “The software bug in the #olaelectric scooter of going in the reverse mode at full speed has severely injured my father,” Maheshwari wrote in a LinkedIn post. Describing the extent of his father’s injuries, who needed 10 stitches on his head, Maheshwari continued: … [Read more...] about 65-year-old severely injured in Ola electric scooter accident. Son flags software bug

Share to Twitter Share to Linkedin U.S. Committee on Small Business & Entrepreneurship Chair Ben Cardin (D-MD) last week convened a hearing on the Biden administration’s Fiscal Year 2023 (FY2023) budget request for the SBA. Specifically, the budget request proposes a $28 million increase in funding to the SBA’s entrepreneurial development programs from $290 million in FY2022 to $318 million. The SBA’s Office of Entrepreneurial Development funds Small Business Development Centers (SBDCs) and Women’s Business Centers (WBCs) that help small businesses start, grow, and compete in global markets by providing quality training, counseling, and access to resources. Biden’s proposal also calls for an increase to the SBA’s lending authority for the 7(a) loan program from $30 billion to $35 billion overall and an increase in funding for the SBA’s 504 loan program , long-term, fixed rate financing of up to $5 million for major fixed assets, from $7.5 … [Read more...] about Biden Seeks Increase In SBA Funding To Expand Small Business Access To Capital

Representative image Novelis Inc, a subsidiary of Hindalco Industries, on Wednesday said that it will pump in $2.5 billion (around Rs 19,000 crore) to set up a low-carbon recycling and rolling facility in the United States. The highly-advanced plant will have an initial capacity to produce 600 kilo tonnes of finished aluminum goods per year. "Novelis Inc… will invest $2.5 billion to build a new low-carbon recycling and rolling plant in Bay Minette, Alabama, USA,” the company said in a statement. This is also the largest global greenfield expansion project of the Aditya Birla Group, and it will take the group’s total investment in the US across businesses to over $14 billion (over Rs one lakh crore), said Kumar Mangalam Birla, Chairman of the Aditya Birla Group and member of Novelis board of directors. More than half of the capacity of the new plant will be used to serve growing demand for aluminum beverage can sheet in north America, which is driven by consumer … [Read more...] about Novelis to invest $2.5 billion to set up low-carbon recycling, rolling plant in US

Representative image A World Health Organisation (WHO) report on excess COVID-19 mortality has estimated 4.74 million deaths for India in 2020 and 2021, nearly 10 times higher than the country’s official coronavirus toll of 4.84 lakh during the two years. India, according to the report, had the highest excess COVID-19 deaths, followed by Russia and Indonesia. Globally, the world health body has estimated that almost three times more people have died of COVID-19 than the official data. As per the UN body, there were 14.9 million excess deaths associated with COVID-19 by the end of 2021. The official count of deaths directly attributable to COVID-19 and reported to WHO in that period, from January 2020 to the end of December 2021, is slightly more than 5.4 million. In other words, the estimated toll is 9.5 million higher than the confirmed fatalities by countries. Close COVID-19 Vaccine Frequently Asked Questions View more How does a vaccine … [Read more...] about WHO estimates 4.74 mn COVID-19 deaths in India in 2020, 2021; nearly 10 times the official toll

Share to Twitter Share to Linkedin China this week reported a 47% plunge in auto sales in April from a year earlier as Covid-19 lockdowns wreaked havoc in the world’s largest auto market and a major global manufacturing hub for auto parts and electric vehicles. Amid business uncertainties in the wake of the country’s Covid policies, “one thing remains certain,” China’s state-run Xinhua news agency said yesterday. “China will stick to its dynamic zero-COVID policy.” So what’s ahead for the global auto industry? I spoke on Tuesday with Bill Russo, the founder and CEO of Automobility, a Shanghai-headquartered strategy and investment advisory firm. The 18-year China business veteran and former head of North East Asia at Chrysler had been on the ground in Shanghai through this year’s lockdowns until last week, when he returned home to the United States. Industry supply chains will remain constrained for the foreseeable future, fueling inflationary pressure, … [Read more...] about ‘Gigantic’ Impact From China Lockdowns To Hit Auto Industry Globally: Automobility’s Bill Russo

Representative image China’s GDP growth forecast for 2022 has been cut by Fitch Ratings from 4.8% to 4.3% in the backdrop of rising coronavirus cases in the country, which led to the adoption of policies that restricted mobility in the important commercial hub of Shanghai aside from broader restrictions across the nation. The ratings agency has; however, revised its 2023 growth forecast for China from 5.1 percent to 5.2 percent based on the assumption that Beijing would gradually phase out its ‘dynamic zero-Covid’ policy over the next year. They explained that their forecast is subject to downside risk if containment measures fail to bring new outbreaks under control quickly or if the easing of current restrictions is delayed, and based on the assumption that Beijing would adhere to the ‘dynamic zero’ strictly until 2023. "Spillover to economic activity from Covid-19 pandemic-related disruption became apparent in March, with retail sales falling by 3.5%, the first YoY … [Read more...] about Fitch Ratings cuts China’s 2022 growth forecast amid uptick in COVID-19 cases