Alved Pharma goes to ICICI Ventures for INR 30 cr
Alved Pharma goes to ICICI Ventures for INR 30 cr

Private equity (PE) major ICICI Ventures is acquiring Chennai-based standalone pharmaceutical and
veterinary company Alved Pharma and Foods. RFCL, a wholly-owned veterinary, chemicals and medical
diagnostic company of ICICI Ventures, is learnt to have signed a definitive agreement with Alved Pharma and Foods for a complete buyout.

PE firms eye stake in Bengal Faith Health Care
PE firms eye stake in Bengal Faith Health Care

Private equity firms have reportedly shown interest picking up stake in Bengal Faith Health Care, the Special Purpose Vehicle (SPV) formed to set up the Bardhaman Health City, a INR 1,000 crore PPP (public-private partnership project) to come up on a 60-acre plot near Durgapur Expressway(NH-42).

MindTree to venture into medical electronics
MindTree to venture into medical electronics

IT and R&D services provider MindTree Consulting, which announced a major organisational restructuring recently, plans to expand its business line to tap new markets.

The R&D services, which address industries like data networks, cellular networks, voice networks, telecom solutions, computing and storage systems, consumer appliances and industry systems, will enter new segments such as medical electronics, avionics and defence.

More funds for healthcare and Health Smart Card in Schools
More funds for healthcare and Health Smart Card in Schools

The government will allocate INR 1,360 billion (USD 34.50 billion) for healthcare in the 11th Five-Year Plan (2007-12), up from INR 450 billion in the previous plan, said Union Health Minister Anbumani Ramadoss. He also said that the government will introduce a ‘health smart card’ under the National School Health Programme for every school-going child.

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