Latest news with #Mysuru-based
News18
21 hours ago
- Business
- News18
Kaynes Tech's promoter pares 1.8 pc stake for Rs 624 crore
Agency: PTI Last Updated: New Delhi, Jun 4 (PTI) A promoter of the Mysuru-based Kaynes Technology India on Wednesday divested a 1.8 per cent stake in the company for Rs 624 crore through open market transactions. According to the bulk deal data, promoter Ramesh Kunhikannan sold 6.25 lakh shares of Kaynes Technology India on the NSE and offloaded 5 lakh shares of Kaynes on the BSE — cumulatively a 1.8 per cent stake in the company. The shares were disposed of in the price range of Rs 5,550.87-5,553.03 apiece, taking the combined transaction value to Rs 624.58 crore. After the latest transaction, Kunhikannan's stake in Kaynes Technology India came down to 55.91 per cent from 57.71 per cent. Details of the buyers of Kaynes Technology India's shares could not be ascertained on the exchanges. Shares of Kaynes Technology India fell 0.97 per cent to close at Rs 5,730.05 apiece on the BSE, and dropped by 0.86 per cent to settle at Rs 5,738.50 per piece on the NSE. In a separate bulk deal on the NSE, the Motilal Oswal Foundation sold 37.04 lakh shares or 0.62 per cent stake in Motilal Oswal Financial Services for Rs 305 crore through an open market transaction. The shares were offloaded at an average price of Rs 825.01 apiece, taking the deal value to Rs 305.58 crore. First Published: June 05, 2025, 00:45 IST
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Business Standard
6 days ago
- Health
- Business Standard
Centre to aid development of indigenous thrombectomy device for stroke
Technology Development Board to fund S3V Vascular Technologies for manufacturing India's first thrombectomy device, aiming to reduce import dependency and boost stroke care Sanket Koul New Delhi In a push for India's medtech innovation landscape, the Technology Development Board (TDB), under the Centre's Department of Science and Technology (DST), on Friday announced financial support for the development of India's first indigenous thrombectomy device for stroke care. A thrombectomy device is a specialised medical tool used to remove blood clots—also called thrombi—from blood vessels, particularly in the brain, to treat ischaemic strokes. Under the support programme, the TDB will sanction financial assistance to Mysuru-based S3V Vascular Technologies for the establishment of a state-of-the-art upstream integrated manufacturing facility at the Medical Devices Park, Oragadam, in Chennai's Sriperumbudur. Commenting on the development, TDB Secretary Rajesh Kumar Pathak said the project reflects the continued commitment to making India a global hub for affordable, high-end medical technology, especially in areas of critical public health need like stroke care. According to a study recently published in The Lancet Neurology journal, India registered over 1.25 million new stroke cases in 2021, a 51 per cent increase compared to 650,000 cases in 1990. Dr N G Vijaya Gopal, Managing Director of S3V Vascular Technologies, said the company's integrated manufacturing facility will not only reduce dependency on imports of the finished medical devices used in mechanical thrombectomy but also reduce India's reliance on the import of raw materials required for the manufacturing of these complex, life-saving devices. The company stated that it aims to integrate these devices into government reimbursement programmes such as Ayushman Bharat, thereby unlocking a domestic market estimated at $2 billion. 'As part of its outreach, S3V also plans to collaborate with leading hospitals to offer simulator-based training for young interventionalists—especially in Tier-II cities, where the stroke burden is high,' it said. Gopal added that S3V has initiated the CE and USFDA approval process for these devices to expand access to cutting-edge stroke care solutions across India, Asia, Latin America, Europe, and the United States. The company also intends to file patents for critical innovations such as the clot retriever head design, braid-over-coil aspiration catheter structures, and several advanced process technologies.
Hans India
6 days ago
- Health
- Hans India
Govt to aid development of India's 1st indigenous thrombectomy device for stroke care
New Delhi: In a significant boost to India's medtech innovation landscape, the Technology Development Board (TDB), under the Union Department of Science and Technology (DST), on Friday announced financial support to the development of India's first indigenous thrombectomy device for stroke care. The board sanctioned assistance to Mysuru-based S3V Vascular Technologies' pioneering neuro-intervention integrated manufacturing plant for the treatment of stroke, which sees nearly 1.5 million cases every year in the country. The project envisions the establishment of a state-of-the-art upstream integrated manufacturing facility at the Medical Devices Park, Oragadam in Chennai's Sriperumbudur. The plant will develop and manufacture advanced mechanical thrombectomy kits -- a life-saving intervention for patients suffering from acute ischemic stroke due to large vessel occlusion. Compared to conventional thrombolysis, thrombectomy offers significantly improved outcomes, reducing the risk of long-term paralysis and disability. "The TDB is proud to support S3V's vision of building India's first comprehensive neuro-intervention manufacturing ecosystem. This project reflects our continued commitment to making India a global hub for affordable, high-end medical technology -- especially in areas of critical public health needs like stroke care," TDB Secretary Rajesh Kumar Pathak said. "The company's focus on integrating these devices into Ayushman Bharat further aligns with the national goal of inclusive healthcare access," he added. The initiative will help replace expensive imported devices with high-quality, locally manufactured alternatives, enhancing both the affordability and accessibility of stroke care in India. "Our integrated manufacturing facility will not only reduce dependency on imports of the finished medical devices used in Mechanical Thrombectomy but also reduces India's dependency on import of the raw materials used in manufacturing of these critical complex lifesaving medical devices," S3V Vascular Technologies Managing Director, Dr N.G. Vijaya Gopal, said, while lauding the government for its support. Gopal said the company has already initiated the CE and the US FDA approval process for the devices to expand access to cutting-edge stroke care solutions across India, Asia, Latin America, Europe, and the US.
Time of India
19-05-2025
- Business
- Time of India
Kaynes Semicon opens chip design centre in Oman with its IT ministry
Kaynes Semicon , a 100% subsidiary of Kaynes Technology India , opened its first overseas chip design centre in Muscat, Oman on Sunday. This was done in partnership with the ministry of transport, communications and information technology and the ministry of labour, Oman. The new very large-scale integration (VLSI) design centre will focus on both front-end and back-end chip design processes. Raghu Panicker, CEO, Kaynes Semicon, told ET that the company will train 80 to 100 students each year in advanced VLSI design technologies. "The centre will help students with designing complex integrated circuits, chip fabrication, wafer preparation, etc," he explained. Asked about the reason for the foray into Oman, he said that the design centre would be fully funded by the Oman government . Ramesh Kannan, MD of Kaynes Technology India , said, 'With this step, we are extending our plan of building a strong semiconductor ecosystem beyond India, supporting local governments'. Mysuru-based Kaynes Semicon, could be the first company to produce India's first packaged chip by July this year, ET had reported on April 1. Kaynes received approval from the Union Cabinet in September last year for setting up an Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat with a Rs 3,307 crore investment. The capacity of this unit will be 6.3 million chips per day. The Middle East is seeing a slew of investments. This includes the US having a preliminary agreement with the UAE to allow it to import 500,000 of Nvidia's most advanced AI chips a year, starting this year. The Nvidia deal would boost the country's construction of data centres vital to developing artificial intelligence models. OpenAI also plans a data centre in the UAE. VLSI research involves tackling complex challenges. Students who are exposed to these activities develop strong analytical and problem-solving skills, Panicker said. The centre provides access to cutting-edge tools and techniques. "Students will gain access to industry-grade EDA tools for real-time project simulations. The programme equips students with the expertise to immediately contribute to real-world semiconductor projects," he said. These tools are often a direct result of VLSI research and development. Students who understand VLSI research are better prepared for advanced roles in the semiconductor industry, where they can contribute to developing new technologies, he said. "This intensive experience in industry-standard design workflows prepares graduates to tackle the complexities of chip development, from specification to silicon, making them highly valuable assets in the global semiconductor industry," Panicker said.
Economic Times
19-05-2025
- Business
- Economic Times
Kaynes Semicon opens chip design centre in Oman with its IT ministry
Kaynes Semicon, a 100% subsidiary of Kaynes Technology India, opened its first overseas chip design centre in Muscat, Oman on was done in partnership with the ministry of transport, communications and information technology and the ministry of labour, Oman. The new very large-scale integration (VLSI) design centre will focus on both front-end and back-end chip design processes. Raghu Panicker, CEO, Kaynes Semicon, told ET that the company will train 80 to 100 students each year in advanced VLSI design technologies."The centre will help students with designing complex integrated circuits, chip fabrication, wafer preparation, etc," he explained. Asked about the reason for the foray into Oman, he said that the design centre would be fully funded by the Oman government. Ramesh Kannan, MD of Kaynes Technology India, said, 'With this step, we are extending our plan of building a strong semiconductor ecosystem beyond India, supporting local governments'. Mysuru-based Kaynes Semicon, could be the first company to produce India's first packaged chip by July this year, ET had reported on April received approval from the Union Cabinet in September last year for setting up an Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat with a Rs 3,307 crore investment. The capacity of this unit will be 6.3 million chips per day. The Middle East is seeing a slew of investments. This includes the US having a preliminary agreement with the UAE to allow it to import 500,000 of Nvidia's most advanced AI chips a year, starting this year. The Nvidia deal would boost the country's construction of data centres vital to developing artificial intelligence models. OpenAI also plans a data centre in the research involves tackling complex challenges. Students who are exposed to these activities develop strong analytical and problem-solving skills, Panicker centre provides access to cutting-edge tools and techniques."Students will gain access to industry-grade EDA tools for real-time project simulations. The programme equips students with the expertise to immediately contribute to real-world semiconductor projects," he tools are often a direct result of VLSI research and development. Students who understand VLSI research are better prepared for advanced roles in the semiconductor industry, where they can contribute to developing new technologies, he said."This intensive experience in industry-standard design workflows prepares graduates to tackle the complexities of chip development, from specification to silicon, making them highly valuable assets in the global semiconductor industry," Panicker said.
