The Metro Man of India, Elattuvalapil Sreedharan, now 92, is credited with changing the face of public transport in India with his leadership in building the Konkan Railway and the Delhi Metro. He is also a Padma Shri and a Padma Vibhushan awardee.
New-age players, in spite of cutting down on discounts, are seeing significantly higher revenue growth than incumbents.
Discount-centric strategies, favoured by some of the Tata 1mg’s rivals, are unsustainable in the long term, co-founder Gaurav Agarwal said
Analysts said the race to the bottom seems to be over and there appears to be a clear shift in the sector, with prices increasing gradually
Most new-age diagnostic players moved away from heavy discounts and are now raising prices. With this, the difference in pricing between incumbents and established players is narrowing and moving towards a level-playing field
The venture fund said it plans to make follow-on investments exclusively into companies of previous funds, as co-investors with growth-stage funds in Series B, C and D rounds.
The healthcare startup's losses widened at a time when it is putting itself on a path to profitability and is hopeful of turning profits in the next two years. Its losses increased primarily on the back of mounting expenses in FY23