Latest news with #KamalShah
Express Tribune
24-05-2025
- Climate
- Express Tribune
City safe from 'Shakti'
The low-pressure system in the eastern central Arabian Sea has intensified. The met office has stated that the system, currently 985 kilometers away from Karachi, could develop into a strong depression within the next 24 hours. If it becomes a cyclone, it will be named Shakti by Sri Lanka. The system is expected to move northwards towards India, and currently, there is no threat to the Pakistani coastline. The weatherman expects the system to intensify into a strong depression in the next 24 hours due to favorable environmental conditions. The Pakistan Fisherfolk Forum has appealed to fishermen not to venture into the open sea, citing safety concerns due to high tides. The forum's spokesperson, Kamal Shah, said that fishermen are being continuously informed through radio transmissions to avoid the open sea for the next few days, considering the potential proximity of the system to Karachi and Sindh's coastal areas.
Mint
22-05-2025
- Business
- Mint
Dialysis chain NephroPlus engages with bankers for planned $200-250 mn IPO
Mumbai: Dialysis chain NephroPlus has engaged with bankers for a planned initial public offering to raise $200-250 million to fund expansion, two people familiar with the matter told Mint. Backed by Investcorp and Quadria Capital, the company will file its draft papers with the regulator over the next three months, with the listing likely by next year, one person said. The person said the IPO will have a fresh capital raise and an offer by existing investors looking to sell a part of their stake. 'NephroPlus has engaged with ICICI Securities, IIFL Capital Services, Nomura and Ambit Capital to help with the issue," the second person said. NephroPlus and the investment banks did not respond to Mint's requests for comment on the proposed IPO. Also Read | Patients saved ₹16,000 crore under Centre's free dialysis scheme Quadria, a healthcare-focused private equity firm, invested about ₹850 crore for a minority stake in NephroPlus last year through a combination of a primary investment and the purchase of shares from Investcorp, Bessemer Venture Partners, IFC, and IIFL Private Equity. NephroPlus planned to use the funds raised from Quadria in the IPO for growth in India and overseas. With plans for additional acquisitions, specialised chains such as NephroPlus are expected to gain market share as hospitals increasingly outsource dialysis operations and governments seek to make high-quality dialysis services more accessible. Demand for dialysis services in the company's target markets is expected to grow at over 11% annually over the next five years, Quadria said when it invested in the company in May 2024. Founded by Vikram Vuppala and Kamal Shah in 2010, the Hyderabad-based company operates about 450 dialysis centres in 250+ towns and cities across India, the Philippines and Uzbekistan. It serves about 30,000 patients, carrying out 3 million dialysis sessions each year. Healthcare growth The company operates in marquee hospitals and standalone clinics, working with leading nephrologists, and also through public-private partnerships in urban and rural areas. Over the past three years, NephroPlus entered the Philippines by acquiring Royal Care Dialysis Centers Inc. and won a public-private partnership bid in Uzbekistan. NephroPlus' revenue grew to ₹566 crore in FY24 from ₹438 crore a year earlier. It recorded a profit of ₹35 crore from a loss of ₹12 crore in FY23, according to an Entrackr report. Also Read | Choppy markets take toll on pre-IPO deal talks The Indian healthcare ecosystem is expected to grow at a CAGR of 16% to $527 billion over the next five years from $250 billion in FY24. The market includes services such as healthcare delivery, diagnostics, medical devices, pharmaceuticals, financing, and health-tech, according to a report by Praxis Global Alliance last year. Of the $250 billion, healthcare delivery accounts for about 55% (about $135 billion) and is expected to grow at a CAGR of 18% over the next five years. Praxis added that the growth will be primarily driven by changing demographics, increasing urbanisation and health insurance coverage, improving medical tourism, favourable government policies, and rising health awareness and accessibility.
Time of India
14-05-2025
- Politics
- Time of India
Pro-Palestine group stages protest outside pizza outlet in Pune; clashes with Hindutva activists, case filed
Image credit: X NEW DELHI: Police have filed cases against members of a pro-Palestine group for staging a protest outside a popular pizza chain outlet in the Karvenagar area on May 8. The protesters were seen holding pro-Palestine posters, prompting a response from Hindutva activists . Cross FIRs were lodged at Warje-Malwadi police station, with BDS India members Sasmit Rao, Kamal Shah, Swapnaja Limkar, Lalita Tangirala, and others accused of promoting organizations like Hamas and attempting to create communal disharmony through their protest. A separate case has been filed against Hindutva activists for assaulting the protesters during the demonstration. KEY HIGHLIGHTS Police have filed cases against members of the Boycott, Divestment, Sanctions India group for protesting outside a popular pizza chain in the Karvenagar area on May 8. Protesters were accused of promoting organizations like Hamas and attempting to incite communal disharmony, leading to cross FIRs lodged at Warje-Malwadi police station. A separate case was filed against Hindutva activists for assaulting the pro-Palestine protesters during the demonstration.
Hindustan Times
13-05-2025
- Politics
- Hindustan Times
Dargah demolition row: SC asks for Uttarakhand's reply on contempt plea
New Delhi, The Supreme Court on Tuesday sought the response of Uttarakhand authorities on a plea for contempt action against them over the demolition of a registered waqf property. The plea has alleged that a dargah in Dehradun was demolished in the intervening night of April 25-26 without any notice despite the assurance given before the apex court by the Centre on April 17 in the matter concerning challenge to the Waqf Act, 2025. "Till the next date of hearing, no waqf, including a waqf by user, whether declared by way of notification or by way of registration, shall be de-notified, nor will their character or status be changed," the top court's April 17 order said. The contempt plea came up for hearing before a bench of Justices B R Gavai and Augustine George Masih. Senior advocate Kapil Sibal, appearing for the petitioner, said the religious place was registered as a waqf property in 1982 and was demolished despite the statement made by the Centre before the top court. "We will keep it along with those matters Act, 2025)," Justice Gavai said. The bench issued notice to the Uttarakhand authorities for their response on the plea and posted the hearing on May 15. The apex court would on May 15 hear the challenge to the Waqf Act, 2025. The contempt plea, filed through advocate Fuzail Ahmad Ayyubi, said Dargah Hazrat Kamal Shah was registered as a waqf property with the Sunni Central Board of Waqfs, Lucknow, in 1982. The plea said it was a revered site of religious importance for over 150 years and an undisputed waqf property. "In teeth of the above undertaking as recorded in the order dated April 17, the respondents/alleged contemnors have demolished the dargah in question in the dark of the night without even granting an opportunity of hearing or any notice," the plea said. It claimed that the offending action was undertaken on a drive conducted by the authorities in Dehradun. The plea also referred to the apex court's November 13, 2024 verdict which laid down pan-India guidelines and barred demolition of properties without a prior showcause notice and 15 days' time to the aggrieved party to respond. Referring to a media report about a statement given by the Uttarakhand Chief Minister, the plea said it was stated that the state would "investigate" 5,700 waqf properties and their records. It alleged that the action of the state officials was in direct contravention of the April 17 order which recorded the statement given by Solicitor General Tushar Mehta, who was appearing for the Centre in the matter related to the Waqf Act, 2025. The plea sought contempt action against the concerned officials for allegedly disobeying the undertaking as recorded in the April 17 order passed by the top court.
