15, Apr 2024
Aster DM Healthcare announces a Large Special Dividend of Rs.118/- per share to its shareholders.
15th April 2024, Bengaluru: The Board of Directors at Aster DM Healthcare Limited (“Company”), one of the largest integrated healthcare providers in India, has announced a Large Special Dividend of Rs.118/- per share on account of the receipt of proceeds from the sale of the GCC business. The special dividend will be paid within 30 (thirty) days from the date of the declaration i.e. April 23, 2024. This event will result in a significant distribution of ~80% of the consideration of USD 907.6 million as a dividend to its shareholders. Despite this large special dividend, the company will still retain INR~1500 Cr from the sale of GCC business in the reserves under its balance sheet.
The Company had recently concluded the separation of its India and GCC businesses, pursuant to which Affinity Holdings Limited (a wholly subsidiary of the Company) received a cash consideration of USD 907.6M.
The Moopen family continues to hold the 41.88% stake in the listed entity. Dr. Azad Moopen will remain the Founder Chairman and Ms. Alisha Moopen will remain a director on the board of the Company. The listed entity will be led by Dr. Nitish Shetty as Chief Executive Officer, who will focus on the growth of the India business, aimed at creating value for its shareholders.
Dr. Azad Moopen, Founder Chairman, Aster DM Healthcare said, “The current Indian healthcare market looks promising and post segregation now, our efforts will be to dynamically increase our footprint in India. We are making the right investments in our people, innovation, and infrastructure to differentiate ourselves and create long-term value for all our stakeholders. The dividend to be paid is proof of our commitment to all shareholders. As the company progresses, it will continue to prioritize shareholder interests and make decisions in their best interest towards creating sustained long-term value.”
Dr. Nitish Shetty, CEO, Aster DM Healthcare, India said, “The last quarter saw us make significant progress in many aspects, demonstrating our execution strength. We aim to balance shareholder returns with future investments for sustained long-term growth. The dividend distribution plan aims to reward shareholders for their long-held trust and investment in the company. Aster DM Healthcare remains committed to transparency and regulatory compliance throughout the process.”
As the Indian entity is now separate from its GCC counterpart, the Company plans to add 1700 beds by FY27 through the organic route and will further look for expansion through the inorganic route as well. Through both greenfield and brownfield opportunities, the company aims to take its total bed tally in India to 6600+ in the next 3 years and scale up its labs and pharmacy business to emerge as the top 3 integrated healthcare providers in India. The plan will encompass a mix of brownfield and greenfield projects, including the upcoming Aster Capital in Trivandrum, and Aster MIMS Kasargod, and adding bed capacity to the existing hospitals. The Company will also be looking at potential markets such as Maharashtra and Uttar Pradesh. The capital allocation for this expansion is in the range of 1000cr.
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- By Rabindra
15, Apr 2024
300 smallholder farmers from Ratnagiri come together to launch Aamoré: A new way to experience Alphonso Mangoes
New Delhi, 15th April 2024 – Konkan Ratnagiri Bhoomi Agro Producer Company owned and managed by Ratnagiri Farmers, today launched Aamoré – a new D2C brand of Alphonso mangoes owned by smallholder farmers. With a community of over 300 smallholder farmers at its core, Aamoré aims to revolutionize the global perception of Indian agriculture and the iconic Alphonso mango.
Through extensive collaboration and innovative practices, Aamoré brings the highest standards of quality and freshness to Alphonso mango lovers around the world. The initiative is focused on empowering local farmers by equipping them with the tools and knowledge necessary to produce export-ready fruit. This includes the establishment of state-of-the-art packhouse operations, sophisticated scanning technology for each mango, strategies to eliminate spongy tissue, and comprehensive traceability from farm to fork.
In the pilot year, Aamoré Alphonso mangoes are making their debut on the world stage, reaching consumers across the USA, Europe, the UK, Abu Dhabi, and select cities in India. The global launch for a product of this nature symbolizes a confident step forward for Indian smallholder farmers. Currently, customers in Delhi NCR can order Alphonso mangoes from aamore.co.in.
Speaking on this landmark occasion, Ravish Chavan, Chief Program Officer, Konkan Ratnagiri Bhoomi Agro Producer Company said, “Aamoré is all about the innovation and empowerment that we strive to instil in our farming community. It is a testament to what Indian farmers can achieve with the right support and resources. By presenting Aamoré on the global market, we’re not just offering a premium product but also challenging the traditional confines of smallholder farming. Our farmers are not just cultivators; they are forward-thinking entrepreneurs ready to make their mark on the world.”
Aamoré focuses on the two core pillars of the community, the farmer and the consumer. For Farmers, it is an opportunity to realize significantly higher incomes, sustainably and independently. On the other end, for consumers worldwide, Aamoré delivers an unparalleled experience of the highest quality of Alphonso Mangoes; a fruit that is authentic GI Certified and lives up to the promise of being the King of Fruits.
15, Apr 2024
Revolutionising Bengaluru Transit: viaDOTS Invites Startups to Offer Affordable Cab Options
Bengaluru 15th April 2024: viaDOTS, India’s pioneering app-based digital meter taxi service, is unveiling a new opportunity for startups to collaborate and extend partnerships which is aimed at offering discounted cab rides to their employees during surge pricing in Bengaluru, Karnataka. These exclusive employee discount codes, in addition to viaDOTS’ competitive pricing, will significantly reduce ride fares, ensuring affordable commutes even during peak hours.
Amidst Bengaluru’s rise as the Silicon Valley of India, with the establishment of thousands of startups that contribute to nearly 20% of the country’s total startups, the city is subjected to massive surges in cab fares, particularly during the peak hours. The new feature launched by viaDOTS would allow employees of a partnered company to avail discounted prices, provided via unique discount codes to lower their already competitive prices, thanks to viaDOTS’ Digital Meter Taxi model – which ensures fair prices for both the driver and the consumer/rider.
A representative from viaDOTS, notes, “Owing to the influx of startups in the city, Bengaluru often undergoes massive cab fare surges during peak hours, making it impossible for employees/the workforce to avail cab rides on time, who either have to wait longer periods to find a cab with reasonable fares, or give up and pay higher cab fares – affecting the employees’ mental and physical health as well as their pockets. The new feature launched by viaDOTS aims to ease the commute process for the employees of the organizations that collaborate with us, ensuring not only lower prices but also allowing commuters to ride with their ‘favourite’ driver every day.”
12, Apr 2024
Kaseware Announces Strategic Investment from The Riverside Company
Denver, CO, April 12, 2024 — Kaseware, a leading provider of investigation management software sold to public safety agencies and corporations, announced it has received a growth investment from The Riverside Company (Riverside), a global private equity firm. The investment positions Kaseware for accelerated growth and will allow the company to strategically advance its already market-leading intelligence and investigative management software suite used by thousands of safety and security personnel in every US state and around the world.
Dorian Deligeorges, Kaseware Co-Founder and CEO, said, “Now is the perfect time to bring on a partner like The Riverside Company, a firm that has deep experience in the safety software industry and understands the nuances of how Kaseware is innovating investigations and case management. With Riverside alongside us, we will be able to innovate faster, expand our team, and support customers in new ways.”
Founded in 2016, Kaseware offers a leading, cloud-based, all-in-one investigative platform purpose-built to streamline investigators’ workflows, enhance intelligence, reduce time spent on manual tasks, ensure compliant investigations, and help solve cases faster. Kaseware’s leadership team comes from decades of law enforcement, federal, and corporate security experience, including the co-founders who helped build the FBI’s investigation management solution that is still in use today (more details here). Kaseware will continue to operate under the same name, in the same location, with the same people. Deligeorges and all other members of the Kaseware management team will continue to lead the company through this next phase of growth.
“We are thrilled to partner with the Kaseware team,” said Jake Stoller, Principal at The Riverside Company. “We understand that the role of safety personnel and investigators has never been more challenged. The Kaseware product portfolio is already used by some of the world’s most respected public agencies and corporations to streamline investigative processes and manage cases to resolution. We firmly believe in Kaseware’s product vision and see an extensive runway ahead for innovation and growth.”
Kaseware remains committed to providing high-quality customer service and exceptional software solutions to its customers. The partnership with Riverside advances that mission as the investment will allow Kaseware to go deeper in existing customer use cases, expand to new verticals where Kaseware’s product portfolio has high applicability, and develop new modules and integrations that create efficiencies for customers.
12, Apr 2024
Toy Storage Nation Slides Into St. Louis for RV & Boat Storage Workshop
St. Louis, MI, April 12, 2024 — RV and boat storage developers, investors, owners and operators are invited to advance their industry knowledge and accelerate opportunities for entrepreneurial success by attending Toy Storage Nation’s Executive RV and Boat Storage Workshop, June 7, in St. Louis. As an added bonus, all registered attendees will receive a free digital copy of The Guide to RV and Boat Storage, TSN’s premiere 80-page, ad-free publication valued at $495.
The one-day accelerated workshop reels through the encyclopedia of RV and boat storage developing, operating, owning and investing—catapulting attendees to higher levels of expertise in the rec-storage business, whether they are newcomers exploring options or veterans looking to expand and capitalize on higher profit margins.
Industry experts lead presentations covering all angles of the business:
Pinpointing the perfect site for RV/boat storage
Conducting a comprehensive feasibility study
Calculating unit sizes and mix
Identifying industry lenders
Investing for the best returns
Vetting best management software and security technology
Navigating legal concerns, and
Fine-tuning business plans for higher profits.
The workshop offers the ultimate immersive experience, which can only be improved upon by sharing the premiere edition of The Guide to RV and Boat Storage with attendees, who will depart St. Louis equipped to fulfill their toy storage business goals.
“This industry is brimming with opportunities for stealth investors, developers, owners and operators,” says TSN President Amy Bix. “Our Executive Workshop will prove to be an invaluable resource for all experience levels.”
12, Apr 2024
Groundbreaking QT Breast Imaging Technology
El Dorado Hills, CA, April 12, 2024 — True Health Center for Precision Medicine is proud to announce the integration of state-of-the-art QT imaging technology into its renowned breast imaging facility, Qlarity Breast Imaging, located in El Dorado Hills, CA. This pioneering advancement marks a significant leap forward in the field of precision medicine, offering patients unparalleled accuracy and efficacy in breast health diagnostics.
QT imaging technology represents the latest innovation in medical imaging, providing enhanced clarity and precision in the detection and diagnosis of breast cancers. QT offers radiologists and healthcare providers unparalleled insight into breast tissue composition, enabling early detection of potential breast cancer with unprecedented accuracy.
“At True Health Center for Precision Medicine, we are committed to pushing the boundaries of healthcare innovation to provide our patients with the highest standard of care,” said Kristine Burke, MD, Founder and Medical Director of True Health Center for Precision Medicine. “The integration of QT technology into our Qlarity Breast Imaging facility underscores our dedication to leveraging cutting-edge advancements to revolutionize breast health diagnostics.”
The implementation of QT technology at Qlarity Breast Imaging enables local women and surrounding communities to access the most advanced breast imaging services available. With its ability to detect subtle changes in breast tissue composition just months apart, QT facilitates earlier detection of breast cancer, ultimately leading to more effective treatment outcomes and improved patient prognosis.
True Health Center for Precision Medicine invites patients and healthcare providers in the El Dorado Hills area to experience the transformative capabilities of QT imaging technology at Qlarity Breast Imaging. With its unparalleled accuracy and precision, QT represents a significant advancement in the early detection and diagnosis of breast cancers, ultimately improving patient outcomes and advancing the standard of care in breast health.
12, Apr 2024
NexGen Networks Expands Its Global Footprint
New York, NY, April 12, 2024 — NexGen Networks, a global digital infrastructure company and premier provider of fiber optic-based network solutions to the world’s top global enterprises, announces the expansion of its network with an additional Point of Presence (POP) in South Africa. This strategic enhancement is set to significantly improve connectivity options for businesses within the region, reinforcing NexGen Networks’ commitment to facilitating seamless digital transformation and connectivity on a global scale.
This new POP represents a further step in NexGen Networks’ ongoing efforts to strengthen its infrastructure and service offerings across Africa, building upon the company’s existing network presence. By bolstering its capabilities in South Africa, NexGen Networks aims to provide both local and international businesses with superior access to its comprehensive suite of network services, including high-speed internet, MPLS, SD-Wan, and cloud connectivity solutions.
Enhancements brought by the New POP:
Superior Connectivity: The addition of this new PoP will offer enhanced network performance and reliability, ensuring businesses can leverage the full suite of NexGen’s global network services more efficiently.
Expanded Services: With this expansion, NexGen Networks will further diversify its service offerings in South Africa, catering to the growing demand for advanced digital and cloud services.
Economic and Digital Growth: This development is poised to support the region’s economic and digital growth by providing the infrastructure necessary for businesses to expand, innovate, and compete on a global stage.
Edward Lawson, SVP Business Development, of NexGen Networks shared his vision of the expansion, stating, “This expansion not only strengthens our network but also underscores our commitment to supporting the digital aspirations of businesses worldwide. We are excited to see how this development will empower our clients in South Africa and beyond.”
The new POP is part of NexGen Networks’ broader strategy to enhance its global footprint and ensure that businesses worldwide have access to reliable, high-quality network services. This initiative reflects NexGen Networks’ dedication to advancing digital infrastructure and connectivity, facilitating economic growth, and supporting the digital transformation journeys of its clients.
12, Apr 2024
Saelig Introduces Sciospec ISX-3 Electrical Impedance Tomography System
Fairport, NY, April 12, 2024 –Saelig Company, Inc. has introduced the Sciospec ISX-3 Electrical Impedance Tomography System. EIT is a noninvasive medical and industrial imaging modality in which the electrical impedance of a part of a body or object is measured by surface electrode measurements and converted in software to display a tomographic, sliced image of that part to reveal anomalies. Electrical conductivity varies in biological tissues and other non-uniform objects. Small alternating currents applied to some or all of the electrodes allow potentials to be recorded from the other electrodes in varying electrode configurations. A two-dimensional tomogram can then be constructed using appropriate imaging algorithms. These measurements at multiple frequencies also allow for Electrical Impedance Spectroscopy.
Designed for researchers, the Sciospec ISX-3 EIT system allows for fully simultaneous acquisition of impedance or potential signals on up to 256 electrodes. This opens up new possibilities for monitoring highly dynamic and spatially distributed electro-physiological phenomena and allows in-depth insights into complex cell and non-uniformity interactions using customized application-specific sensor adapters.
Sciospec’s EIT systems (EIT16/32/64/128+) are specifically designed for electrical impedance tomography measurements, offering true parallel measurements and tightly synchronized switching for fast frame rates.
Features include:
16 to 256 channels in standard configurations
simultaneous sampling of all channels
Measurements at 100 mHz to 10 MHz, mOhm…Tohm
Configurable injection patterns
Broad frequency range (e.g. 100 Hz to 1 MHz)
Spectral measurements with sweeps with up to 128 frequencies
Current excitation from 100 nA … 10 mA
Frame rates up to 100 fps
Imaging algorithm software provided
Advanced features like ECG synchronization, synchronous complex stimulation, etc.
Fully compatible with EIDORS; IEC 60601-1 compliant medical safety features
USB, Ethernet or Wireless LAN for control from Java, C, Python, LabView, Matlab, etc.
Optional EIT phantom tank
Fully customizable
The Sciospec ISX-3 EIT is ideal for researchers and industrial users in applications where both Electrical Impedance Spectroscopy and Electrical Impedance Tomography are useful.
12, Apr 2024
QuickShip from Scandinavian Spaces
Austin, TX, April 12, 2024 — Scandinavian Spaces is committed to making great Scandinavian design accessible to the North American market. The company’s newly launched QuickShip program offers rapid solutions for like-minded creatives. Kite, a popular and sought-after product within the curated collection, is among the newest QuickShip program additions. In stock with an expedited lead time, Kite’s unique shape, geometric angles, and trendy hues provide a fresh face to waste management.
The recycling and waste unit has a unique frame with angles at 60°, 90°, and 120°, making it ideal for placement in every corner. The frame shape also allows multiple units to pair, creating new configurations to accommodate the needs of all interiors. The system offers tops with varying-shaped openings and corresponding screen-printed symbols for different types of waste management. Kite’s versatile system provides the finishing details to the sophisticated office.
The recent completion of the new warehouse facility in North America has empowered Scandinavian Spaces to expand its QuickShip program to include Kite. On par with the brand’s dedication to simplicity and ease, this expansion aims to ensure readily available and stocked products for customers. With strategic placement in North America, the warehouse optimizes daily procedures and enables direct operational oversight, marking a significant step forward in the brand’s commitment to efficiency.
12, Apr 2024
PureShowers.co.uk Launches Groundbreaking Website Redesign
London, United Kingdom, April 12, 2024 — PureShowers.co.uk, a trailblazer in the UK market for top-tier shower filter technology since 2008, is thrilled to announce a monumental upgrade to its ecommerce platform. This extensive update, the first in nearly a decade, marks a significant milestone in the company’s journey towards delivering unparalleled customer service and satisfaction.
The revamped PureShowers.co.uk website debuts a plethora of sophisticated features tailored to the modern consumer’s needs. By prioritizing loading speed, the new website facilitates a swift, hassle-free browsing and shopping journey, significantly reducing the time customers spend waiting. The site’s contemporary design, infused with the latest trends, offers a refreshing, aesthetically pleasing user interface that draws customers into an immersive shopping experience.
Recognizing the surge in mobile shopping, PureShowers.co.uk has made significant strides in enhancing mobile compatibility. The site’s responsive framework ensures flawless functionality on all devices, empowering customers to discover and purchase premier shower filters effortlessly, from anywhere at any time.
Beyond aesthetic and technical enhancements, the platform places a spotlight on what makes PureShowers.co.uk stand out: its innovative shower filters. These products are engineered to filter out contaminants from water, mitigating the harmful effects of chemicals and hard water. Highlighted benefits now include not only softer skin and hair, less scale, and a more invigorating shower experience but also the protection of coloured hair treatments and the extension of shower hardware lifespan due to reduced lime scale buildup.
In response to customer feedback, PureShowers.co.uk has also amplified its customer service offerings. The new website features an intuitive FAQ section, live chat support, and enhanced product guides, ensuring that customers have immediate access to expert advice and product recommendations. This commitment to service excellence is part of PureShowers.co.uk’s broader strategy to foster trust and build long-lasting relationships with its customer base.
“We are ecstatic to present our revamped website to both loyal and new customers,” stated Ty Lee, Founder of PureShowers.co.uk. “This significant enhancement is a testament to our relentless pursuit of excellence and innovation. It not only signifies an improvement in the way we shop but also underscores our pledge to promoting healthier lifestyles through our advanced shower filter technology.”
Moreover, PureShowers.co.uk is dedicated to environmental stewardship, reflecting this through the eco-friendly products available on the new site. The company is committed to reducing plastic waste and promoting water conservation, aligning with the values of environmentally conscious consumers.
The unveiling of the updated PureShowers.co.uk website invites shoppers to explore a diverse array of shower filters, thoughtfully designed to cater to various preferences and needs. With comprehensive product descriptions, straightforward navigation, and a secure checkout system, the new website is set to redefine standards in the health and wellness online retail sector.
