SEVEN HILLS HOSPITAL
PSU stocks: Time to relook? But don’t use the 2023 lens; choose the business. 57 PSU stocks, some good, some not so good
A bull run from June 2023 to June 2024, and then a bear run for a year. PSU stocks now seem at a stage where it is probably time to look at them again. For those who have not noticed, some of these stocks have seen higher-than-average volumes. Also a sort of outperformance in the bearish phase where they did not decline like other stocks in the market. They are not in the news any more; nor are many talking about them on TV. All signs suggesting it might probably be time to look at them again. But this time do it from a very different perspective – and not just because they are PSU. What matters is the category of business they fall into.
1 dead, 5 injured due to electrocution during Ganpati immersion procession in Mumbai
A tragic incident occurred in Mumbai's Sakinaka area during a Ganesh idol immersion procession on Sunday morning, resulting in one death and injuries to five others. The incident took place when a dangling electric wire came into contact with the Ganpati idol, electrocuting six devotees nearby.
NYC explosion: Manhattan blast erupts less than two miles from Jeffrey Epstein’s former residence, steps from Gracie Mansion; see what else this area is known for
An explosion and fire erupted on Manhattan's Upper East Side on August 15th, prompting a massive response from the FDNY. The blaze, originating on the roof of a building on East 95th Street, quickly spread, injuring three firefighters. Residents reported a loud boom before the smoke appeared near the Q train's 96th Street station.
Asia Healthcare Holdings to invest Rs 400 crore in Asian Institute of Nephrology and Urology to double hospital network
Asia Healthcare Holdings will invest Rs 400 crore in Asian Institute of Nephrology and Urology. The investment will occur over the next 4-5 years. AINU plans to expand by opening 13 hospitals in Tier 2 cities. This expansion includes cities like Patna and Bhubaneshwar. The total investment will reach Rs 1,000 crore by FY30.
EIH Limited announces four new hotels under management contracts across India
EIH Limited, Oberoi Group's flagship company, has revealed plans for four new hotels in India. These hotels will be located in Goa, Bengaluru, Gujarat, and Hyderabad. The projects are part of a larger plan to complete 25 properties by 2030. The expansion includes hotels and luxury boats managed through various partnerships.
Haridwar stampede: Six dead, several others injured after huge crowd gathers at Mansa Devi Temple in Haridwar
Stampede at Haridwar Mansa Devi temple: A tragic incident occurred at the Mansa Devi temple in Haridwar. A massive crowd gathered at the temple premises. A stampede broke out, resulting in casualties. At least six people died in the crush. Garhwal Division Commissioner Vinay Shankar Pandey confirmed the deaths. Authorities are investigating the circumstances surrounding the incident.
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Measles cases in US reach all-time high after disease was declared 'eliminated': Check symptoms and prevention tips
Measles in US: US is seeing a surge in number of measles cases since the disease was declared "eliminated" in 2000. The US is seeing a worst outbreak of measles cases with 1,277 confirmed cases reported as of July 5. Anti-vaccine messaging and distrust in federal health agencies have contributed to the rise of measles cases in the US.
Big Beautiful Bill: Republican-led House pushes Trump tax bill closer to passage
House Republicans advanced President Trump's tax and spending bill, overcoming internal divisions to hold a final vote. The legislation, projected to add $3.4 trillion to the national debt, passed a procedural hurdle after Trump and Speaker Johnson convinced holdouts.
India was ready to get a new hill station near Mumbai. But, it is now a ghost town
Lavasa, India's first planned private hill city near Pune, was envisioned as a European-style utopia with open promenades, waterfronts, and elite urban amenities. Created by HCC's Ajit Gulabchand, it stalled after environmental violations and mounting debt, leaving just one-fifth built. Now in bankruptcy, Lavasa has drawn six takeover bids, though regulatory hurdles still cloud its revival.
MGM Healthcare promoter acquires Vizag's SevenHills Hospital under IBC
The Amravati bench at Mangalagiri of the National Company Law Tribunal approved a ₹171 crore resolution plan against ₹1,361.89 crore admitted claims from creditors, employees, and others. The secured creditors admitted claim was ₹1,273 crore.
Max, Princeton Healthcare among 11 entities interested in SevenHills Hospital
JP Morgan Chase-backed SevenHills Hospital, which operates 1,500 beds in Mumbai and 303 beds in Visakhapatnam, is undergoing insolvency proceedings since 2018. The process of finding a buyer for the hospital chain was stalled due to a dispute between lenders and the Municipal Corporation of Greater Mumbai (MCGM). Later it was declared as a Covid-19 hospital under the Disaster Management Act.
Mumbai hospitals to conduct mock drill to check health infrastructure preparedness for COVID-19
In the wake of a spurt in COVID-19 cases in some countries like China, Japan, Brazil and South Korea, the Union government has issued guidelines, asking the hospitals to conduct mock exercises across the country.
Case of omicron found in Dharavi, Mumbai
Another case of the Omicron variant of coronavirus has been detected in India. The patient, who stays in Dharavi, landed in Mumbai on December 4 from Tanzania.
Reliance Foundation scales up COVID operations in Mumbai
Hospitals with Reliance Foundation (RF) will be managing nearly 875 beds, including 145 ICU beds, across National Sports Club of India (NSCI), Seven Hills Hospital and the Trident, BKC.
Lung damage shows coronavirus hasn’t lost sting: Doctors
Doctors at SevenHills Hospital in Andheri have treated a 40-year-old who went from mildly symptomatic to high oxygen dependence in four days. Intensivist Dr Rahul Sawalia said she subsequently needed a non-invasive ventilator despite having been detected on the second day of symptoms.
Over 100 Kerala doctors, nurses to help Mumbai fight coronavirus
Nearly 50 doctors and 100 nurses from Kerala will be in Mumbai in the next few days, said Kumar, who has already reached here along with two other doctors.
Mumbai staring at a huge shortage of doctors and health professionals
Mumbai, which has a population of about 2 crore, is running out of ICU beds and doctors.
BRS Group highest bidder for SevenHills hospital
Despite being endorsed by a Bollywood superstar, SevenHills failed to take off in Mumbai on the back of poor location and mismanagement.
Nita Ambani-led Reliance Foundation in race to buy Seven Hills Hospital in Marol
Reliance Foundation is now among 15 entities who have submitted their expression of interest documents to buy the hospital, once touted as Mumbai first 7-star health facility.
BofAML, JM buy 77% of SevenHills’ debt
The Bank of America-JM combine has bought Rs 910 crore of SevenHills’ total debt of Rs 1,300 crore from the lenders led by Axis Bank.
Apollo Hospitals, Aster DM, Narayan Health initial bidders for Seven Hills hospitals
Seven Hills, with an estimated debt of Rs 1,300 crore, went under the hammer this year as lenders led by Axis Bank, and a State Bank of India (SBI) consortium initiated the insolvency procedure against the hospital chain
Lenders file insolvency plea against SevenHills Hospital
Apart from Axis, an SBI consortium, Allahabad Bank, Union Bank of India, Punjab & Sind Bank, UCO Bank, Canara Bank, Central Bank and Bank of Maharashtra have lent to Seven Hills.
Malaysia's Parkway Hospital acquires 74% stake in Hyderabad-based Global Hospitals for Rs 2150 crore
“The IHH Healthcare Berhad Group has purchased around 74 per cent stake for Rs 2,150 crore, which includes Rs 350-crore debt.”
Well-known foreign and Indian names eyeing to acquire SevenHills Healthcare
The possible transaction will mark the biggest M&A deal after Fortis bought Wockhardt's 10 hospitals for Rs 909 crore in 2009.
Death toll in Vizag HPCL fire reaches 28
At present 12 workers are in the hospital. A massive blaze broke out at the sprawling HPCL complex here on August 23.
JP Morgan will infuse capital to help SevenHills stay afloat
The private equity arm JP Morgan will infuse capital to keep afloat SevenHills Hospital and convince lenders to restructure its loans.
JP Morgan to help SevenHills stay afloat
The private equity arm of the US bank JP Morgan will infuse capital to keep afloat SevenHills Hospital and convince lenders to restructure its loans.
Amitabh Bachchan's 70th birthday: Fan frenzy outside his house 'Jalsa'
The fan frenzy is not only limited to his birthday but its a phenomenon that has not changed over the years as the crowd gathers outside Bachchan's home every Sunday.
Metro bridge collapses in Mumbai; one dead, many injured
A section of an under-construction Metro rail bridge collapsed here today, killing one and wounding 11.
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