Technology

MUMBAI: In a sign of continued M&A activity in the healthcare technology sector, a bunch of private equity firms including home grown funds Everstone Capital and ChrysCapital Advisors, and global funds such as KKR & Co and Baring Private Equity Asia are in separate talks to buy a controlling stake in Nashville-based healthcare IT services firm emids Technologies in a deal worth $200-225 million. Multiple people aware of the development said through the proposed deal, both promoters and existing US-based PE investors—Baird Capital, Council Capital and Union Grove Venture Partners — will sell their stakes. At present, the three PE funds hold together about 65% stake, promoters hold 23% and the rest of the stake is held by friends and employees. In this proposed deal, promoters are likely to hold about 10% stake in the company. “Promoters demand a price of $225 million, while a couple of bids were submitted at $200 million range,” said one of above … [Read more...] about US healthcare BPO may be valued at $225 million: PE firms in race to acquire emids Technologies

Defence Minister Rajnath Singh on Monday expressed the confidence that India will emerge as a net innovator and net exporter of defence technologies rather than a net importer, even as the Ministry of Defence (MoD) announced measures to expand the Innovations for Defence Excellence (iDEX) initiative meant to encourage start-ups in defence.“Prime Minister Narendra Modi has set a target of $5 trillion economy by 2024. Looking at the talent India possesses, I am pretty confident that we can become a $10 trillion economy in the next 10-15 years,” Mr. Singh said at ‘Def-Connect’, organised by the Ministry.Subhash Chandra, Secretary Defence Production, said the aim was to fund 250 start-ups and achieve 50 tangible innovations in the next five years. “The MoD is in the process of seeking approvals of Rs. 500 crore for the purpose.” Policy changes, he said, would be undertaken to incorporate the iDEX as a section in the Make-2 procedure of the Defence … [Read more...] about We’ll emerge as net innovator, net exporter of defence technologies: Rajnath Singh

MUMBAI: Keitan Yadav and Haresh Hingorani from Red Chillies Entertainment, who did the VFX for the Hrithik Roshan-starrer 'Krrish 3', feel that though technology-wise India is at par with the world, filmmakers need to come up with more such films. After creating a path-breaking VFX work in Shah Rukh Khan-starrer 'Ra.One', this post-production studio had their next biggest VFX project- 'Krrish 3'. "Technicians in India are at par with foreign talent even in terms of infrastructure, studio, hardware and software. Technology-wise also we are at par with the world. There is progress happening on this front," Keitan Yadav, Chief Operating Officer and Haresh Hingorani, Chief Creative Officer, VFX, Red Chillies Entertainment told PTI. "But filmmakers, actors need to come up more with such superhero, sci-fi films like 'Ra.One', 'Krrish 3' so we can make more use of technology," they added. According to them, the special effects in the latest film are all the more commendable as they are … [Read more...] about Technology-wise India at par with world: VFX experts

Video PlayerClose BEIJING, Nov. 11 (Xinhua) -- A new coal gasification pilot project has started to provide gas feed to ammonia production in northwest China's Gansu Province, making the production process more environment-friendly. Ammonia is the foundation of the nitrogen fertilizer industry. Statistics show that nearly 50 percent of nitrogen fertilizer production plants in China use a fixed bed gasifier boiler to provide gas feed which may cause serious pollution. When an air pollution alert is issued in winter, many plants are ordered to halt production, which makes the high demand for fertilizers in the spring plowing season hard to meet. Cooperating with LS Group in Lanzhou, Gansu Province, the Institute of Engineering Thermophysics, Chinese Academy of Sciences developed coal gasification equipment with a circulating fluidized bed (CFB) boiler. The CFB is an emerging technology for coal combustion to achieve lower emission of pollutants. Lyu Qinggang, director of the project … [Read more...] about New coal gasification technology makes ammonia production greener

        After National Rural Health Mission (NRHM) and National Urban Health Mission (NUHM) meant to strengthen healthcare delivery systems in rural and urban areas, the Union health ministry is set to launch the National Digital Health Mission (NDHM), aimed at making better use of technology in healthcare delivery across the country.The NDHM is a part of the larger structure called the National Digital Health Blueprint that among other things proposes a unique health id on the lines of Aadhaar that will make health history of a person available at the click of a mouse.The final draft is up for public comments for 30 days after which it will be notified.“The National Health Policy (NHP) 2017 lays significant emphasis on leveraging digital technologies for enhancing the efficiency effectiveness of all healthcare delivery services, and the digital blueprint is a step toward making it happen. The modifications have been made over the previous draft based on … [Read more...] about Leveraging technology, health ministry set to launch National Digital Health Mission