Nova Medical Centers in joint venture with Max Healthcare

Nova Medical Centers, a specialised day care surgery centre chain said it formed a joint venture with Max Healthcare Institute Ltd (MHC) to expand the reach of its day care surgery in the National Capital Region. MHC will hold a 31% stake in the joint venture, titled as Nova Medical Centres NCR Region. There is no word on the rest of stake holding.

The JV with MHC will provide Nova with a reputed partner for all additional procedures that are typically not undertaken at Nova such as major surgeries including cardiac, obstetrics, organ transplants, emergency/trauma care, overnight stay, and advanced diagnostics like MRI and CT, it said in a release.

In a day care surgery, patient is admitted for investigation or surgery on a planned, non-resident basis. Internationally, almost 70% of all surgeries are conducted as day care surgeries, and this trend is on the rise in India as well.

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IndiaFirst Life Insurance gets ISO certification

Mumbai-based IndiaFirst Life Insurance Co Ltd, a joint venture between Bank of Baroda and Andhra Bank with UK’s Legal & General, said it received the ISO 9001:2008 certification for its best-in-class business processes.

IndiaFirst Life Insurance is the first life insurance company in the country to receive the ISO 9001:2008 certification within 7 months of operations, it said in a release.

On Thursday, Bank of Baroda shares closed 0.3% up at Rs717, while Andhra Bank shares closed 0.1% down at Rs137 on the Bombay Stock Exchange. The Sensex ended at 0.2% up at 17,909 points.

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COMMENTS

R Balakrishnan

6 years ago

It is a sad commentary on the way the ISO certification is given. What does this mean? The co has yet a long way to go in meeting or paying its claims. All it is doing today is selling. For this, an ISO certification means zilch.

Toyota Kirloskar Motor signs MoU with Indian Bank for auto loans

Toyota Kirloskar Motor Pvt Ltd (TKM), a joint venture between Toyota Motor Corp and the Kirloskar Group, said it signed a memorandum of understanding (MoU) with Indian Bank to extend auto retail finance to their customers.

TKM dealers will promote the schemes to provide various finance options to its customers through all branches of Indian Bank, it said in a release.

On Thursday, Indian Bank shares closed 1.4% up at Rs240 on the Bombay Stock Exchange, while the Sensex ended at 0.2% up at 17,909 points.

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