Latest news with #Bhattacharjee
Time of India
4 days ago
- Business
- Time of India
Embassy REIT raises Rs 2,000 cr via India's first 10-year NCD, marking a historic milestone for the REIT market
Tired of too many ads? Remove Ads A vote of confidence from institutional investors Tired of too many ads? Remove Ads Attractive coupon with step-up structure Popular in Markets 1. DLF-Trident Realty JV sells all 416 flats in Mumbai project for Rs 2,300cr Strategic debt management Setting the benchmark In a landmark move for India's real estate investment trust REIT ) market, Embassy Office Parks REIT—the country's first listed REIT and Asia's largest office REIT by area—has successfully raised Rs 2,000 crore through a 10-year Non-Convertible Debenture NCD ) marks the first time an Indian REIT has raised funds via a debt instrument of such long tenor, signalling a significant milestone in the evolution of the Indian REIT issuance saw strong demand, being oversubscribed 1.4 times, and attracted participation from over 15 top-tier institutional investors, including insurance companies, pension funds, and mutual robust interest highlights not only Embassy REIT 's strong credit profile but also the growing appetite for long-term, stable investments in India's REIT Series XV NCDs, rated 'AAA/Stable' by both CRISIL and CARE, were priced at an effective coupon of 7.33% over 10 years. The structure includes a step-up interest rate—7.25% for the first five years and 7.45% for the next five—offering investors a balanced risk-return profile. A put option at the five-year mark further enhances flexibility for those seeking from the NCD issuance will be used to refinance existing debt, resulting in annual interest cost savings of approximately 70 basis points (bps). This move also helps Embassy REIT stagger its liability profile—a prudent step toward managing future maturities and improving debt Bhattacharjee, Chief Executive Officer of Embassy REIT, said: 'We are delighted to pioneer the first-ever 10-year NCD issuance in India's REIT market and raise ₹2,000 crore from leading institutions. This transaction optimally staggers our liability profile and enables us to prudently manage future debt maturities.'This milestone issuance sets a new benchmark for REITs in India, aligning capital-raising strategies with the long-term investment goals of institutional primarily by large life insurers and pension funds, the issuance reflects strong confidence in Embassy REIT's creditworthiness and the long-term potential of India's commercial real estate Thakore & Associates acted as legal counsel for the this move, Embassy REIT has not only fortified its balance sheet but also paved the way for future innovations in India's REIT and debt capital markets.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
The Print
03-07-2025
- Health
- The Print
India's 1st robot-assisted cementless knee replacement at Delhi hospital. What sets the procedure apart
Led by Dr Sujoy Bhattacharjee, chairman of the Max Institute of Robotic Joint Replacement, the surgical team opted for a cementless implant, using the CUVIS robotic system for precise alignment and placement of the implant, tailored to the patient's unique anatomy. 'We use markers and trackers to guide the robot during surgery,' Dr Bhattacharjee told media persons Wednesday. The procedure was performed Monday on a 54-year-old patient from Jharkhand suffering from advanced osteoarthritis and severe knee deformities such as bow-leggedness (varus) and restricted knee extension (flexion). New Delhi: Doctors at the Max Super Speciality Hospital in Delhi's Saket have successfully performed the country's first robot-assisted cementless medial pivot knee replacement, marking a major milestone for joint replacement surgery in India. He said that the goal was not just to replace the knee, but to preserve key structures, especially ligaments, including the posterior cruciate ligament, which plays a critical role in knee stability. A robot-assisted cementless medial pivot knee replacement is an advanced surgical technique that combines precision robotics with an implant design that closely replicates the natural movement of the human knee. Unlike traditional knee replacements that use bone cement to fix the implant, the cementless approach enables the patient's natural bone to grow into the implant, enhancing long-term stability and durability. This combination of robotic precision, cementless fixation and anatomical design results in faster recovery, reduced post-operative pain, and improved overall joint function. Dr Bhattacharjee demonstrated how a normal knee consists of three bones working in coordination—the upper, lower and the kneecap—with movement supported by two main ligaments, the anterior and posterior cruciate. In traditional surgeries, the implant is fixed using bone cement, but in this case, they opted for a cementless implant made of titanium, which allows the bone to grow naturally into the surface. Using real-time data from the Optical Tracking System (OTS), the surgical team monitored the 'gap', the space between the implant and bone, at every angle of knee movement, whether sitting or standing. Dr Bhattacharjee explained that they first place a trial implant to assess alignment and mobility, and proceed with the final implant only after confirming that the gaps remain consistent at all angles. 'That's the beauty of robotic surgery; it's precise, evidence-based and fully trackable,' he said, noting that post-operative mobility in the patient's leg was excellent, with a smooth range of motion. Doctors at Max claimed that theirs was the world's first robot-assisted cementless medial pivot knee replacement. However, in June 2022, Smith+Nephew, a global medical technology company, had already performed what was widely reported as the world's first robot-assisted cement-free total knee replacement. On 30 June that year, Dr Cyna Khalily in Louisville, Kentucky, used the LEGION CONCELOC cementless implant in combination with the CORI surgical robot for the procedure. The surgery eliminated the need for bone cement and employed a handheld robotic tool to precisely prepare the bone. Dr Bhattacharya clarified that the distinction lay in the type of robotic system used. The CORI system in the 2022 surgery, he said, was a passive robot controlled and guided manually by the surgeon. In contrast, the system used in the Max procedure was an active robot, capable of independently executing pre-programmed movements, which, according to him, sets it apart as a global first of its kind. Also Read: In battle for Indian anti-obesity market, Eli Lilly's pre-filled pen on one side, Novo Nordisk's on other Faster recovery, less chance of loosening Highlighting the benefits of a non-cemented implant, Dr Bhattacharjee said the procedure is quicker because it eliminates the 12-15 minutes usually needed for cement to set. 'In bilateral knee replacements, this alone can save nearly 25 minutes.' The implant bonds directly with the bone, without any cement in between, leading to stronger, more natural integration and better long-term outcomes. He noted that while cement can sometimes compensate for small surgical errors, cementless implants leave no room for error, making surgical expertise crucial. The added benefits include a lower risk of infection, reduced hospital stay as well as faster and smoother recovery due to the biological bonding process. Dr Ankush Sharma, clinical associate and part of Dr Bhattacharjee's team, explained that cementless implants are designed with microscopic pores. 'The patient's bone grows into these pores, locking the implant in place naturally,' he said. In contrast, cemented implants rely on an artificial bond. Cement sticks to both the implant and the bone, but the bone doesn't grow into it. 'Over 10 to 20 years, that cement bond can weaken and lead to loosening,' said Dr Sharma. But with a cementless implant, once bone growth secures it, the chances of loosening are drastically reduced. (Edited by Sugita Katyal) Also Read: Govt considers low-dose emicizumab for haemophilia, trial finds it more effective than existing treatment
Hindustan Times
02-07-2025
- Health
- Hindustan Times
Jharkhand man undergoes robot-assisted cementless knee surgery in Delhi, walks same day
A 54-year-old man from Jharkhand, who had been battling severe knee pain for the past eight years, underwent a robot-assisted cementless medial pivot total knee replacement surgery in Delhi and took his first steps the very same day. He underwent surgery at Max Super Speciality Hospital in Saket(Representational image) Brij Kishor from Dhanbad in Jharkhand had been battling chronic knee pain and progressive joint damage for over eight years. During this period, he sought treatment from local doctors, tried homoeopathic medicine and even travelled to Kolkata for medical consultations. Eventually, he came to Delhi, the patient told PTI. On June 23, he underwent surgery at Max Super Speciality Hospital in Saket. According to a statement issued by the hospital, he was diagnosed with severe osteoarthritis in both knees, along with complex deformities such as varus (bow-legged) and flexion (bent-knee) contractures. He had been unable to walk without support. The surgery was led by Dr Sujoy Bhattacharjee, chairman, Max Institute of Robotic Joint Replacement, who used advanced robotic technology (CUVIS robotic system) along with a cementless medial pivot cruciate-retaining (CR) implant to restore the patient's mobility. The implant's design allows natural bone growth around it, eliminating the need for traditional cement and offering better integration, greater joint stability and improved long-term outcomes, Bhattacharjee said. "This is a global first in robotic joint replacement. The precision enabled by the robot and the use of a cementless implant result in faster recovery and a more natural joint feel for the patient," he claimed. Speaking about the patient's recovery, Dr Bhattacharjee said, "He was barely able to walk before surgery. But on the day of the operation itself, he managed to walk with assistance. Within just a few days, he was walking independently with renewed confidence."
The Print
24-06-2025
- Politics
- The Print
Modi govt has refueled growth in northeast, says Tripura BJP president
Bhattacharjee added that Modi visited the northeast 70 times in the past 11 years. 'Be it literacy campaign or socio-economic development or infrastructure building, the northeast started getting due attention only after Modi became the prime minister,' he told a press conference. Agartala, Jun 24 (PTI) Tripura BJP state president Rajib Bhattacharjee on Tuesday credited Prime Minister Narendra Modi's leadership for ushering in all-round development in the northeast, which he claimed was long neglected by successive governments at the Centre. 'The northeast was neglected by Congress-led governments. Prime Ministers like Jawaharlal Nehru, Indira Gandhi and Rajiv Gandhi hardly visited the region', he claimed. He said Tripura has now become the second fully literate state in the northeast after Mizoram, thanks to sustained support from the central government. Heaping praises on the BJP-led government in Tripura, Bhattacharjee said the state government has not only made the northeastern state fully literate, but has also taken several steps to improve the education system. He said CBSE curriculum has been introduced in government-run schools, and many have been turned into Vidyajyoti Schools (English medium) to give proper exposure to students. He added that many universities have come up in the northeastern state over the past few years, and the state government was also planning to set up a medical college in the tribal-dominated Dhalai district. PTI PS MNB This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Time of India
30-05-2025
- Entertainment
- Time of India
City debates lungi no-entry to auditorium for theatre show
1 2 Kolkata: On Thursday evening, a theatre practitioner was denied entry to GD Birla Sabhagar for watching a play, due to his wearing a lungi. Despite Sanskriti Sagar issuing a statement clarifying that the auditorium has no dress code and apologising to the actor, it has caused division among the city's culturati. Some advocate that shorts and lungi should be permitted, while others believe that, similar to many auditoria abroad, it is important to uphold at least a smart casual dress code. On Thursday night, Joyraj Bhattacharjee had gone for a show of Koushik Sen's 'Marx in Kolkata', starring Jayant Kriplani and Srjit Mukherji at GD Birla Sabhagar. "Despite having a valid ticket, I was just stopped from entering because I was wearing a lungi. The doorman clearly stated, 'Lungis are not allowed'," Bhattacharjee posted on Facebook. His note made it clear that the organisers — Swapnasandhani theatre group — should not be held responsible. This problem, he wrote, lay with "the authorities, not even with the gatekeeper". "I am very comfortable wearing a lungi and have worn it to various venues in the city, including Academy of Fine Arts, Kalamandir and Tapan Theatre and even during my travels abroad. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với sàn môi giới tin cậy IC Markets Tìm hiểu thêm Undo No one has stopped me from entering an auditorium because of my attire," Bhattacharjee said. Soon after his post went viral, Team Sanskriti Sagar apologised to Bhattacharjee, invited him to watch the next show after issuing a statement stating: "We would like to clarify that G D Birla Sabhagar has no dress code or restriction on attire, and everyone, regardless of what they choose to wear, is welcome in the auditorium. What happened was a lapse in judgment at the gate, and we are taking immediate steps to ensure such incidents never occur again. " But the incident left open the debate over whether or not the city's auditoria need a dress code. Moulin Rouge, for instance, makes it mandatory for viewers to wear only formals. Those with a ticket but in informal wear have the option of hiring formals available near the entry gate before they are allowed inside. Bhattacharjee said, "There is an opposite instance where certain venues in Berlin don't allow visitors to enter wearing a three-piece suit. I do not support either of these approaches. I feel aesthetically and ethically everyone should have the right to choose what attire he wants to wear for a programme," he added. But what if someone goes shirtless for a play or wears a night suit paired with a dupatta? Sugata Guha, who had gone to watch "Marx in Kolkata" on Thursday, is in favour of having a dress code. "Attire is also part of our cultural consciousness, and the 'anything goes' attitude in the name of freedom shows a certain cultural degeneration for the lack of being able to do anything better. I don't remember Tagore, Ray, Netaji, Uttam Kumar or even Jyoti Basu attending public events in a lungi. I feel there should be a dress code for certain closed-door events," Guha said. Koushik Sen, the play's director, said: "We can understand the difference between someone coming shirtless because of comfort and someone doing it to hog limelight. Yet, I wouldn't want a dress code since that would mean intruding into personal space."
