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PB Fintech Ltd., the parent entity of insurance brokerage firm Policybazar, on Tuesday said it proposes to infuse Rs 696 crore in its subsidiary PB Healthcare Services Private Limited in the next financial year to grow its business. The decision was taken by the Board of Directors of PB Fintech Ltd. in a meeting held on Tuesday. The board approved a proposal to make an investment for an aggregate amount of up to Rs 696 crore in PB Healthcare Services Private Limited, its wholly owned subsidiary, by way of subscribing or purchasing its shares or Compulsory Convertible Preference Shares during the financial year 2025-26, PB Fintech Ltd. said in a regulatory filing. The said investment is, however, subject to the shareholder's approval through postal ballot and will be made along with other external investors in PB Healthcare Services Private Ltd., it said. It further said that the capital infusion would be done to meet its general operating expenses and enhance brand awareness, offic
: Union Minister of State for Health Prataprao Jadhav told the Rajya Sabha on Tuesday that suitable actions including rejection of 3.56 lakh claims worth Rs 643 crore and de-empanelment of 1,114 hospitals have been taken against fraudulent entities as reported by the states and UTs under the Ayushman Bharat health insurance scheme. He said in a written reply that 1,504 errant hospitals have been penalised Rs 122 crore and 549 hospitals have been suspended. The Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) is a flagship scheme of the government which provides health cover of Rs 5 lakh per family per year for secondary and tertiary care hospitalisation to approximately 55 crore beneficiaries corresponding to 12.37 crore families constituting economically vulnerable bottom 40 per cent of India's population. On October 29, 2024, Prime Minister Shri Narendra Modi announced expansion of AB-PMJAY to include all senior citizens aged 70 years and above. Under the expansion, all
Pope Francis had stabilised enough on Tuesday after two respiratory crises to be taken off noninvasive mechanical ventilation and resume receiving just high flows of supplemental oxygen via a nasal tube to help him breathe, the Vatican said. Francis, 88, woke up and was resuming respiratory physiotherapy after sleeping through the night, the Vatican said. The Vatican said as of Tuesday morning, Francis no longer needed to wear the mechanical ventilation mask that covers his nose and mouth to pump oxygen into his lungs. He had to resume using the mask on Monday after suffering two respiratory crises that required doctors to extract copious amounts of mucus from his lungs. Francis rested early Tuesday after he suffered further setbacks in his fight against double pneumonia: two new acute respiratory crises that required him to resume using noninvasive mechanical ventilation to breathe. In its early Tuesday update, the Vatican said: The pope slept through the night, now rest ...
Artificial Intelligence (AI) in healthcare is projected to contribute USD 25-30 billion to India's GDP by 2025, enhancing accessibility, diagnostics, and treatment outcomes, according to a report by Deloitte. Government-backed initiatives like the IndiaAI Mission and the Digital Personal Data Protection Act, 2023, are setting the stage for a digitally empowered healthcare ecosystem, ensuring responsible AI integration and enhanced data security, it noted. As per the report -- "Digital Healthcare- Top 10 Myths Debunked Digital Health & AI", AI adoption in healthcare has surged past 40 per cent, surpassing sectors such as FMCG (30 per cent) and manufacturing (25 per cent). Deloitte India Life Sciences and Health Care Industry Leader Joydeep Ghosh noted that India's digital healthcare ecosystem is rapidly advancing, with AI-powered diagnostics, MedTech innovations and digital health records transforming patient care. India's surgical consumables and disposables exports reached USD ...