logo
Inspired by KTR, doctor couple donate Rs 1 lakh for educating needy child

Inspired by KTR, doctor couple donate Rs 1 lakh for educating needy child

Hans India2 days ago
Hyderabad: Inspired by the spirit of 'Gift A Smile' program by the BRS working president KT Rama Rao, renowned neurophysician Dr Chandra Shekar Pathakoti and his wife Dr Pranaya Vani have come forward with a generous contribution of Rs 1 lakh to support Sushmita, a talented young aspirant from an underprivileged background, in her pursuit of a medical education.
Under the 'Gift A Smile' initiative, the BRS working president has been trying to spread smiles by helping through donations, service activities and community welfare efforts. In another heartwarming gesture, Nayini Venkateshwara Reddy has gifted a laptop along with a cheque of Rs 1 Lakh to Chandrashekar, a brilliant student from Telangana Gurukul Schools, who has been studying in the United Kingdom. 'Every act of kindness has been a step towards building a brighter future. We thank these generous individuals for truly embodying the spirit of #GiftASmile,' said KT Rama Rao.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Karnataka government aids a grieving wife to bring back mortal remains of her husband from Guyana
Karnataka government aids a grieving wife to bring back mortal remains of her husband from Guyana

New Indian Express

timean hour ago

  • New Indian Express

Karnataka government aids a grieving wife to bring back mortal remains of her husband from Guyana

MADIKERI: The Karnataka government has come to the aid of a bereaved wife who lost her husband to illness in Guyana of South America. The State will pay Rs 3.6 lakh to bring the victim's mortal remains to India. The deceased PB Girish was a resident of Madenadu village in Kodagu. He was working as a staff nurse at a hospital in Guyana of South America. He fell ill and was under medical assistance from July 3. He is said to have succumbed to a heart attack at a hospital in Guyana on July 14. However, the family learnt that it would cost them about Rs 12 lakh to bring the mortal remains of Girish back to India. Following it, Girish's wife Janaki met CM Siddaramaiah and requested help from the state to pay the amount to bring back the mortal remains. The victim's kin had also approached Virajpet MLA AS Ponnanna seeking help. Following these developments, the Under Secretary to the Government of the State Protocol, Foreign Cell Personnel and Administrative Reforms Department, has directed the Commissioner of Karnataka Bhavan in New Delhi to pay Rs 3.6 lakh to bring Girish's mortal remains back to his homeland. The rest of the amount will be borne by the Sheriff General Hospital at Guyana, where Girish served as the staff nurse. The Indian Embassy at Guyana will initiate steps to bring the body back to the country at the earliest.

Natco Pharma to acquire 35.75% stake in Adcock Ingram for ₹2,000 cr
Natco Pharma to acquire 35.75% stake in Adcock Ingram for ₹2,000 cr

Business Standard

time2 hours ago

  • Business Standard

Natco Pharma to acquire 35.75% stake in Adcock Ingram for ₹2,000 cr

The proposed Rs 2,000 crore deal will give Natco Pharma a strategic foothold in South Africa, with transaction completion expected within four months subject to approvals Sanket Koul New Delhi In a bid to enter the African market, Natco Pharma on Wednesday announced that it has submitted a firm intention for a ZAR 4 billion (Rs 2,000 crore) cash offer to acquire a minority stake in South Africa-based drugmaker Adcock Ingram Holdings (AIHL). If approved, the Hyderabad-based company will hold a 35.75 per cent stake in Adcock Ingram by offering ZAR 75.00 ($4.271) per share to minority stakeholders. The deal gives Natco a gateway into South Africa, with AIHL holding a 10 per cent share of the private pharmaceutical market in the country. It is also the largest supplier of hospital and critical care products in South Africa. This transaction would consolidate Natco's existing 0.80 per cent stake, making it the second-largest shareholder in AIHL, behind the Bidvest Group, which holds the remaining 64.25 per cent. 'Post-transaction, Natco will consolidate 35.75 per cent of AIHL's net profits in Natco's financial results in accordance with its shareholding,' the company said in a regulatory filing. If the deal proceeds, Adcock Ingram will be delisted from the Johannesburg Stock Exchange (JSE) and will continue to operate as a private South African business. Rajeev Nannapaneni, chief executive officer and vice-chairman of Natco Pharma, said the proposed acquisition would help the company tap into new revenue streams and expand its presence in one of the largest and fastest-growing emerging markets. In return, AIHL is expected to leverage Natco's research and development capabilities, regulatory expertise, and global marketing network to support local leadership and expansion into new markets. 'AIHL will benefit from a partnership with a research-focused, innovative, and vertically integrated pharmaceutical company, and over time, South Africans will be beneficiaries of wider access to affordable medicines,' said Andrew Hall, chief executive officer, AIHL. Valued at an estimated ZAR 11 billion ($632 million), AIHL generated revenues of ZAR 9.6 billion ($536 million) for the financial year ending June 2024. Founded in 1890, the company operates across four segments—prescription, consumer, over-the-counter (OTC), and hospitals. It has a diverse product portfolio ranging from generic and branded formulations to critical-care hospital products, as well as consumer and home-care products. The announcement was made after market hours. On Wednesday, Natco Pharma's shares rose by 2.01 per cent, ending the day's trade at Rs 1,034.75 apiece on the Bombay Stock Exchange (BSE).

Dr. Reddy's Laboratories' net profit slumps 11 pc to Rs 14,09 crore sequentially in Q1
Dr. Reddy's Laboratories' net profit slumps 11 pc to Rs 14,09 crore sequentially in Q1

Hans India

time3 hours ago

  • Hans India

Dr. Reddy's Laboratories' net profit slumps 11 pc to Rs 14,09 crore sequentially in Q1

Mumbai: Dr. Reddy's Laboratories' net profit stood at Rs 1,409.6 crore in the first quarter of the current fiscal (Q1 FY26), down 11 per cent sequentially, the company said in an exchange filing on Wednesday. The company had reported a consolidated profit of Rs 1,587.3 crore in the preceding quarter (Q4 FY25). However, the profit of the Hyderabad-based firm saw a marginal jump of over a per cent on year-on-year (YoY) from Rs 1,392 crore in the same quarter a year ago, according to the filing. Meanwhile, Dr. Reddy's Labs revenue stood at Rs 8,545.2 crore in the quarter under review, up around Rs 40 crore sequentially from Rs 8,506 crore, and Rs 872.5 crore year-on-year (YoY) from Rs 7,672.7 crore. The pharmaceutical company saw a jump of Rs 153 crore in its total operating expenses this quarter QoQ, leading to a decline in its net profit. The company reported total operating expenses of Rs 3,115.2 crore in Q1 FY26 against Rs 2,961.6 crore in Q4 FY25. "We delivered double-digit growth this quarter over the same period last year, reflecting our strength in branded markets and positive momentum in the Nicotine Replacement Therapy portfolio. The pricing pressure on Lenalidomide is expected to intensify in the U.S. generics market," said GV Prasad, Co-Chairman and MD. "We remain focused on strengthening our base business by delivery of our pipeline assets, improving overall productivity and business development," Prasad added. Meanwhile, the company has expanded partnership with Alvotech to co-develop, manufacture and co-commercialise pembrolizumab, a biosimilar candidate, this quarter, as per the filing. It has also launched Sensimune in India, an immunotherapy product for house dust mite-induced allergies. The shares of the company closed in positive territory on Wednesday. The stock settled at Rs 1,248.0, up 0.65 per cent. Dr. Reddy's Laboratories is a global pharmaceutical company headquartered in Hyderabad.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store