Latest news with #AmitVerma
Time of India
10-06-2025
- Business
- Time of India
Biz honchos keen to set up global capability centres in UP
1 2 3 Lucknow: Business and industry heads reiterated their faith in UP's potential to become a hub of global capability centres at the GCC conclave organised by Invest UP here on Tuesday, officials said. The pluses include a 56% population in the working age group, low cost of living averaging around Rs 28,000 per month, fast-track approvals, single-window clearances guaranteeing ease of doing business, presence of over 20 incubators with 300 plus registered start-ups, real estate and talent cost being 14-45% lower than the metros. "The company's expansion from Hyderabad to Noida is a testament to our faith in UP. Also, the seamless support from the govt in terms of approvals, land allocation and subsidies is a testimony of the state's commitment towards embracing development," said Varun Ramanan, lead for strategy and operations, Microsoft India. Regional head (North) NASSCOM, Amit Verma said: "The GCC ecosystem is adequately backed by policies and talent development efforts." Principal consultant and centre head, TCS Lucknow, Amitabh Tiwari acknowledged the state's support in facilitating operations, praising UP's advancing infrastructure, skilled talent and improving urban ecosystem. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Capital Gains Exemptions for Seniors SmartAsset Learn More Undo Meanwhile, board member of Trident Group, Nirmaljeet Singh Kalsi shared his company's plan to establish a GCC in Noida and said that the decision further underscores UP's commitment to becoming the most preferred destination by providing all necessary facilities and infrastructure for industries and the IT/ITeS sector. Elaborating on UP's potential at the inaugural, principal secretary, infrastructure and industrial development department, UP, Alok Kumar said: "The idea of Viksit Bharat is only possible through a Viksit State." UP, he said, is committed to fostering innovation, expanding its global presence and creating a thriving business environment for future investments. Highlighting UP's extensive infrastructure, skilled workforce and investor-friendly policies, he underscored the state's demographic strength, cost advantage and ease of doing business, making it a preferred destination for industries. Principal secretary, IT and electronics, UP, Anurag Yadav listed out the highlights of UP's progressive policies and expanding digital infrastructure, underscoring vast investment opportunities in IT/ITeS and BPM. Likewise, principal secretary, housing department, P Guruprasad spoke about relaxations proposed in the upcoming building bylaws in the state, while principal secretary FSDA, Ranjan Kumar laid out the opportunities in the area of pharma. Vice-chairman of Lucknow Development Authority, Prathamesh Kumar invited investors to explore Lucknow, highlighting its rising commercial space conversion trends and IT City expansion. The conclave also had focused discussions in areas like real estate and commercial space, including CREDAI and building bylaws, availability of a skilled talent pool supported by quality colleges and technical institutes, the overall ecosystem, and creditable improvement in infrastructure across the state. The conclave also featured panel discussions and investor interactions, reaffirming UP's commitment to fostering innovation, business excellence and global investments in GCCs, officials said. Some 20 companies, including SRK Gamechangers, Standard Chartered Bank, Tata Consultancy Services, Trident and HCL, also attended the conclave.
New Indian Express
27-05-2025
- Business
- New Indian Express
Quadria's oversubscribed fund: What it signals for Asia's healthcare industry
'It reflects the strong global investor confidence in the transformational opportunity within Asian healthcare, where social impact and financial performance go hand in hand,' confirms Abrar Mir, co-founder and managing partner at Quadria Capital. Quadria Capital said in a statement on Tuesday that Fund III drew support from prominent sovereign wealth funds, asset managers, and strategic corporates across North America and Europe. It also secured new commitments from globally recognised institutional investors, with notable participation from leading institutions in the GCC—including Saudi Arabia, the UAE, and Bahrain. In India, the Fund attracted new capital from major banks, insurance companies, and family offices. Additionally, robust re-up commitments from impact investors reaffirm Quadria's dedication to building scalable, high-impact healthcare businesses that deliver lifesaving care to underserved populations across Asia. Asian Healthcare Scenario Currently Asia's healthcare market is estimated to be $5 trillion, and the healthcare industry is reportedly at a pivotal inflection point and will remain a focal area into 2025. "In India, particularly, we're seeing significant investment interest in single-specialty hospitals, diagnostics, medical devices, and pharmaceutical manufacturing—including active pharma ingredients (APIs) and contract (drug) development and manufacturing (CDM). These segments are poised for growth due to increasing healthcare consumption, cost-efficiency initiatives, and deeper technology integration," says Dr Amit Verma, co-founder and managing partner, Quadria Capital. Healthcare growth funds like Quadria's typically provide the industry with strategic guidance and operational support to help scale their businesses and achieve market leadership. Quadria claims that nearly 40% of Fund III is already deployed. Its current investments include Aragen Life Sciences (a global CRDMO serving 400+ pharmaceutical clients), NephroPlus (Asia's largest dialysis chain), and Maxivision (India's leading eye care chain). Two new investments in Southeast Asia are expected shortly, it says. India Impact India is rapidly emerging as a strategic hub for global pharmaceutical and MedTech manufacturing as supply chains diversify, especially with the China plus strategy. While the per capita healthcare spending in India remains low at just $74—far below regional peers like Thailand (US$364) and Malaysia (US$487)—with nearly 50% of healthcare costs still paid out-of-pocket, the healthcare focused funds can catalyse Indian healthcare innovation by strategically investing in high-growth areas such as specialised care and pharmaceutical manufacturing, aiming to create scalable, affordable healthcare solutions for over a billion people.
Time of India
26-04-2025
- Time of India
Judge ‘not competent' to write verdict,Alld HC sends him for 3-mnth training
Prayagraj: Taking serious note of the inability of a judicial officer to write a judgment, the Allahabad high court has directed that additional district judge (ADJ) Amit Verma of Kanpur Nagar be sent to the judicial training institute for three months of training. Justice Neeraj Tiwari passed the order while allowing a writ petition filed by one Munni Devi of Kanpur Nagar when her plea to add some additional grounds in a tenancy dispute was rejected. The petitioner assailing the impugned order submitted that the additional district judge arbitrarily dismissed the amendment application in a three-line order without going into the merit of the issue. The petitioner further submitted that not a single line has been written as to why the amendment application was rejected. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trade Bitcoin & Ethereum – No Wallet Needed! IC Markets Start Now Undo The petitioner alleged that earlier too the same judge had committed a similar mistake. After going through the impugned order, the high court in its order dated April 22 said: "This court is of the firm view that Amit Verma, the additional district judge, Kanpur Nagar, is not competent to write a judgment. Therefore, he must be sent for training for at least three months at the Judicial Training and Research Institute, Lucknow."
Khaleej Times
22-02-2025
- Sport
- Khaleej Times
Dubai: Birthdays, appointments, meetings, all rescheduled for India-Pakistan clash
Indian and Pakistani expats in the UAE are putting their weekend plans on hold as the much-anticipated India-Pakistan clash at the ICC Champions Trophy takes centre stage on Sunday. From birthdays and family gatherings to business meetings and even doctor's appointments, everything is being rescheduled to make way for the game. For Sharjah based Pakistani expat Irfan Mohammed, missing the match was never an option. 'We had a team bonding session planned for Sunday afternoon. I was thinking of an excuse when my boss himself postponed it. It turns out he realized no one was coming anyway.' Even medical appointments aren't spared. A general physician in Karama said multiple patients called to reschedule their check-ups. 'They just say they have 'personal reasons,' but let's be honest, it's because of the match.' Many personal events are also being moved. Amit Verma, an Indian expat in Bur Dubai, said, 'My daughter's birthday was planned for Sunday, but we moved it to today." Another Indian expat Nazia Khan faced a similar situation. 'We had a big family reunion lined up, but my brothers refused to come. We've now shifted it to next weekend—because, of course, cricket comes first.' Indians and Pakistanis together constitute around 55 of the UAE population, with Indians making up about 38% Pakistanis around 16.72%. While many are rearranging their schedules to watch from home or restaurants, thousands are heading to the Dubai International Cricket Stadium, having secured tickets well in advance. 'We booked a block of seats the moment sales opened,' said Rizwan Ahmed, a Pakistani expat attending with his colleagues. 'It's a once-in-a-lifetime atmosphere. You just don't miss this.' Tickets sold out within minutes, and with demand far outstripping supply, resale prices have skyrocketed. Originally priced at Dh500, general admission tickets were listed for as much as Dh3,500 on various platforms. 'A friend of mine got a ticket for Dh800 last month. That same ticket is now going for Dh4,000,' said an Indian expat. For those unable to get stadium tickets, Dubai's cinemas and restaurants are stepping up to create a stadium-like atmosphere. VOX and Reel Cinemas screening the match at Dubai Mall, Mall of the Emirates, and Burjuman, with tickets priced from Dh42 to Dh95 per person. Roxy Cimemas also host live screenings at Dubai Hills Mall, The Beach JBR, and City Walk. Restaurants are pulling out all the stops to recreate the match-day experience. Raza Iqbal owner of Desi Village Restaurant & Café in Al Garhoud said they have set up massive screens and decked out the venue in team colours. 'We have got a Dh149 minimum spend, and staff will be in team jerseys,' he said. The cricket fever went up a notch when Indian skipper Rohit Sharma was spotted grabbing a bite at Raju Omlet in Business Bay on Friday, sending fans into a frenzy. 'I was just picking up my breakfast when I saw Rohit walk in,' said an excited fan, Priya Menon. 'Forget food, I just wanted a selfie.'
