Monday, June 2, 2025

PNB Launches Monthly Agriculture Outreach Programme To Boost Rural Financing


*This outreach aims to boost financing for all agriculture requirements from traditional farming practices to high-tech solutions

Punjab National Bank, India’s leading public sector bank, is set to roll out its monthly nationwide Agriculture Outreach Programme on June 2, 2025. Aimed at supporting agricultural communities across the country, this initiative will take place on the first day of every month, ensuring consistent engagement with farmers and agri businesses.

The program seeks to enhance awareness and access to financing for a broad spectrum of agricultural needs—from traditional farming practices to modern high-tech solutions.

PNB will facilitate this outreach through Krishi Chaupals, Digital Zones, and PNB Booths, reinforcing its commitment to rural financial inclusion and empowerment.

Key Focus Areas:

Self-Help Groups (SHGs): Strengthening SHGs with Micro Credit Plan-based financing to enable the expansion of business ventures.

Agriculture Infrastructure Fund (AIF): Providing financial support for farm mechanisation, storage facilities, cold storage, and Custom Hiring Units to improve productivity and market access.

Formalisation of Micro Food Processing Enterprises (PMFME): Offering grants, loans, and subsidies to micro food processors for upgrading infrastructure, improving quality standards, and expanding market reach.

Other Priority Areas: Supporting National Livestock Mission, Precision Farming, Hi-Tech Agriculture, and Food & Agro Processing Units, fostering innovation and rural development.

Commenting on the initiative, Shri Ashok Chandra, MD & CEO of PNB, emphasized the bank’s dedication to strengthening India’s agricultural sector:

"Agriculture forms the backbone of our economy. We remain deeply committed to empowering farmers and rural communities. Through this outreach program, we aim to provide easier access to credit, raise awareness about our digital lending solutions, and forge partnerships that strengthen the agricultural value chain."

This ongoing initiative marks a significant step in bridging the gap between financial institutions and the agricultural sector, ensuring sustainable growth and economic progress for rural India.

For further details, visit www.pnbindia.in or contact your nearest PNB branch. 

Toyota Kirloskar Motor Launches Fortuner And Legender Neo Drive 48V Variants


Neo Drive Edge: How the New Grade Stands Apart

A segment first, Neo Drive 48V in Fortuner and Legender delivers intelligent electric assist for enhanced performance.

Smart Idle Start-Stop automatically switches off the engine at idle, improving fuel efficiency in city traffic.

Multi-Terrain Select lets you tailor traction and drive modes to suit varying off-road conditions.

360-Degree Panoramic Camera offers a comprehensive view around the vehicle, making parking and tight manoeuvres easier.

Wireless Smartphone Charger now available in both Fortuner and Legender Neo drive grades, keeping devices powered on the go.

Neo Drive Badge symbolizes the system’s improved fuel efficiency and progressive performance.

Neo Drive Boost Assist enhances acceleration with smoother torque delivery when you need it most.

Refined Drive Experience with quieter starts, reduced engine strain, and effortless cruising.

Lower Emissions Footprint without compromising power.

Price is as follows:

Grade                                                     Ex. Showroom Price (INR Rs.)

Legender Neo Drive 48V                          50,09,000

Fortuner Neo Drive 48V                            44,72,000

Toyota Kirloskar Motor (TKM) today announced the introduction of the Fortuner and Legender in a new Neo Drive avatar/grade. Equipped with an advanced 48?Volt system, the new Neo Drive Variants offer improved fuel efficiency, enhanced driving performance, and greater comfort—delivering a more refined experience in urban settings and off-road conditions.

Since its debut in 2009, the Toyota Fortuner has set the benchmark in the premium SUV segment, celebrated for its bold design, formidable performance, and unmatched all-terrain capability. Over the years, the SUV has built a strong and loyal following, from urban adventurers to hardcore off-road enthusiasts. Together with its stylish and feature-enhanced counterpart, the Legender, the Fortuner embodies Toyota’s core values of Quality, Durability, Reliability, and a relentless focus on customer-centric innovation.

Speaking on the introduction of the Fortuner & Legender Neo Drive 48V variants, Mr. Varinder Wadhwa, Vice President, Sales-Service-Used Car Business, said, “As the SUV market in India grows steadily, customers are seeking advanced features and differentiated styling, both the Fortuner and Legender rise to meet these expectations with their bold design, powerful performance and comprehensive features, catering seamlessly to the needs of diverse users.

Now, the introduction of the new Neo Drive 48V grade in both models marks yet another milestone in our journey. As segment first, it underscores our commitment to delivering ever-better cars that align with evolving customer lifestyles, while also reinforcing Toyota’s multi-pathway approach toward carbon neutrality. Through practical, future-ready mobility solutions, we strive to enhance customer value and contribute meaningfully to a more sustainable tomorrow.”

NEW 48V TECHNOLOGY - Aimed to offer better fuel economy and lower emissions, the Neo Drive variants come equipped with Toyota’s powerful 2.8-litre, 4-cylinder turbo-diesel engine now paired with a 48-Volt system, featuring a belt-integrated starter generator and lithium-ion battery. This hybrid assist delivers smoother low-end acceleration, quieter operation, and improved efficiency.

Similar to one of the features of a hybrid electric systems, the battery is charged during deceleration, efficiently regenerating braking energy which would otherwise be lost, whilst also adding additional braking performance. The new Smart Idle Start-Stop function further improves fuel efficiency and reduces emissions by switching off the engine when stationary.

Moreover, the enhanced efficiency and driving performance do not compromise payload capacity, outstanding durability and its mighty off-road performance, thus guaranteeing to be a formidable mobility provider for diverse needs.  Additionally, the Multi-Terrain Select system intelligently adjusts throttle response, braking, and traction control to optimize performance across various terrains.

STRIKING AND DOMINANT EXTERIOR:

While the Fortuner retains its bold, purposeful appeal for those who venture off the beaten path, the Legender delivers a more dynamic and premium presence with its striking dual-tone body colours, split LED headlamps, and sleeker fascia. Both models feature dual-tone leather upholstery, soft-touch materials, and ergonomic seating for enhanced long-distance comfort.

SAFETY IS PRIORITY:

Like all Toyota offerings where safety continues to be a hallmark, the Fortuner and Legender too offer a host of features that include: seven airbags, ABS , Vehicle Stability Control with Brake Assist, WIL Concept Seats, Hill Assist Control, TRC (Traction Control System), Child Restraint System, Front Row Seatbelts with Pre-Tensioner + Force Limiter, Speed Auto Lock with Emergency Unlock amongst host of other essentials. 

AWESOME OWNERSHIP EXPERIENCE: 

To offer peace of mind, the Fortuner and Legender Neo Drive variants are backed by a range of tailored finance solutions. Customers can benefit from up to 8-year funding plans with low EMIs, Toyota Smart Balloon Finance, and pre-approved options for Value-Added Services such as extended warranty and Toyota Genuine Accessories. This is complemented by five years of complimentary roadside assistance and a standard 3-year/100,000 km warranty, extendable up to 5 years/220,000 km, along with the customizable Toyota Smiles Plus service package.

Bookings for the Fortuner and Legender Neo Drive variants are open from June 02, 2025, with deliveries beginning from 3rd Week of June.

Customers can place bookings online at www.toyotabharat.com or visit their nearest Toyota dealership. For further details, visit the official Toyota website or contact authorized Toyota showrooms across India.

IPRS Leads From The Front As India Records 357% Growth In Royalty Collections As Captured In CISAC’s 2025 Global Report


The Indian Performing Right Society Ltd. (IPRS) welcomes the release of the CISAC Annual Report 2025, which showcases India’s strong growth in royalty collections and outlines a global call for ethical AI regulation in the creative industry.

The report underscores the importance of protecting creators' rights and adapting to technological advancements to ensure fair remuneration and sustainable growth in the music sector. 

India's progress in royalty collections reflects the country's commitment to strengthening its creative economy. The IPRS remains dedicated to supporting music creators and users by providing guidance on music copyright and facilitating legal music usage. As the industry evolves, the IPRS continues to advocate for policies and practices that uphold the rights of creators and promote the responsible use of technology in creativity.

According to the report, total royalty collections in India crossed Rs. 7 billion in FY24-25, reflecting a 42% increase over the previous year, and a 357% growth compared to 2020. This performance has moved India up significantly in global rankings - making it one of the fastest-growing music markets.

The report also highlights IPRS’s ongoing collaboration with CISAC to develop a strategic roadmap aimed at positioning India among the world’s top 10 creative economies. This includes targeted efforts to strengthen digital collections, address non-digital revenue challenges, and improve the licensing and distribution ecosystem.

Sharing his views, legendary creator and IPRS Chairman, Mr. Javed Akhtar, said, “A society that cherishes music must ensure that its creators are not forgotten in the shadows of technology and commerce. The significant rise in royalty collections is more than a number - it is a reflection of growing awareness around intellectual property, fair value for creative work, and the need for compliance across the industry. Yet, many challenges remain - as music travels far and wide in the digital age and AI presents new threats. From educating creators about their rights to ensuring the ethical use of their work across platforms, our mission is far from over.  As a body representing those behind the music, we at IPRS are committed to protecting the rights of every music creator, addressing systemic gaps, and building an ecosystem where creativity is respected, rewarded, and rightfully owned.”

Highlighting the significance of the report Mr. Björn Ulvaeus, CISAC President, mentioned, “We are living through an era of unprecedented transformation. Nowhere is this more evident that in the rise of generative AI – a force that raises fundamental questions about the nature of authorship and creativity. Protecting creators’ rights in no way means trying to stop the advance of technology. On the contrary, it means embracing and licensing AI tools in a safe, legal environment. I say this as the number one fan of AI and of its possibilities for enhancing human creation. What is pre-requisite, however, is that creators’ rights are respected. Upholding creators’ rights is not only about fairness, it’s also about economic good sense.”

Mr. Rakesh Nigam, CEO of IPRS, added, “The remarkable growth in India’s royalty collections reflects not just a rising music economy, but also a growing recognition of creators’ rights - though there is still significant ground to cover. At IPRS, we are proud to lead this transformation—empowering creators, strengthening systems, and working with global partners to raise the standards of copyright governance. As technology reshapes the creative landscape, it is critical that innovation does not come at the cost of artistic integrity. Through strategic collaborations and a robust rights management framework, we remain committed to ensuring that every creator is respected, rewarded, and ready for the future.”

The report also spotlights IPRS’s participation in a global pilot project to link ISWC (musical work codes) with ISRC (sound recording codes), a step that will lead to more accurate and faster royalty payments for Indian creators.

On the global front, CISAC has raised a strong call for regulation of Generative AI. Its newly released Global Economic Study, published in partnership with PMP Strategy, warns that by 2028, music creators could lose up to 24% of their revenues if clear policies around AI-generated content are not implemented.

IPRS supports CISAC’s demands for:

Transparency in AI training data

Mandatory authorisation before use of creative works

Fair compensation for creators

The full CISAC Annual Report 2025 is now available on the IPRS website : https://iprs.org/wp-content/uploads/AG25-0354_CISAC_Annual_Report_2025_2025-05-22_EN.pdf

Kotak Mahindra Bank Announces Leadership Transition


Kotak Mahindra Bank today announced that Shanti Ekambaram, Deputy Managing Director, will be retiring from her role effective October 31, 2025, upon completion of her current term. The Board expressed its deep appreciation of Shanti’s contributions to the Kotak Group.             

Shanti has been with the Kotak Group since 1991 and has played a pivotal role in shaping the Group’s growth and evolution of the institution over the past three decades. She has led several of the Group’s most strategic businesses, including Investment Banking, Capital Markets, Corporate Banking, Treasury, 811 and Consumer Banking.

Commenting on the transition, Ashok Vaswani, MD & CEO, Kotak Mahindra Bank, said, "Shanti has been a cornerstone of Kotak’s journey. Her leadership has been marked by entrepreneurial thinking, deep customer insight, bold actions and an unwavering commitment to excellence."

The Bank also announced that Paritosh Kashyap, currently Group President and Business Head – Wholesale Banking Group, will be appointed as Whole-time Director (Executive Director) and Key Managerial Personnel, subject to regulatory approvals.

“Paritosh brings deep institutional knowledge, strategic foresight, and a strong customer-first mindset. I look forward to working closely with him as we continue to build the Kotak of tomorrow,” Ashok added.

Paritosh has been with Kotak for over three decades and has been heading the Wholesale Banking business since 2022. He has led several key businesses including Structured Finance, Real Estate, and Debt Capital Markets during his long career with the Group. Paritosh was also the MD and CEO of KMIL from 2016 to 2019 and is a member of the Group Management Council.

Shanti Ekambaram commented, “It has been an extraordinary privilege to serve the Kotak Group for over three decades, across diverse roles and phases of its evolution. I take great pride in having contributed to its growth and in working alongside visionary leaders who upheld integrity, innovation, and long-term value. The relationships, experiences, and learnings from this time are deeply meaningful to me. As I prepare to step away, I remain fully committed to supporting a smooth and seamless transition."

Paritosh Kashyap said, “I am honored and humbled to take on this new role and look forward to working with the team to build on our strong foundation and drive our strategy to transform for scale.”

Saturday, May 31, 2025

Apollo Hospitals Announces Financial Q4FY25 & FY25 Results


Highlights

FY25 Consolidated Revenue crosses Rs. 20,000 Crores milestone FY25 Healthcare Services Revenue crosses Rs. 10,000 Crores milestone

Q4 FY25 Consolidated Revenues grew 13% YoY to Rs. 5,592 Crores FY25 Consolidated Revenues rose 14% YoY to Rs. 21,794 Crores

Q4 FY25 Consolidated EBITDA increased 20% YoY to Rs. 770 Crores FY25 Consolidated EBITDA increased 26% YoY to Rs. 3,022 Crores

Q4 FY25 Consolidated PAT at Rs. 390 Crores, 54% YoY Growth FY25 Consolidated PAT at Rs. 1,446 Crores, 61% YoY Growth

Final Dividend of Rs. 10 per share, making for a Total Dividend of Rs. 19 per share, on face value of Rs. 5 per share.

Announces significant expansion in the Sarjapur micro-market through the addition of 700 beds in 2 stages, to establish a dominant presence in the south-eastern part of Bengaluru with wide addressable market.

Stage 1: Acquisition of an existing 200 bedded hospital (leased facility). Stage 2: Establishing a 500-bed greenfield hospital in close proximity

With the ongoing brownfield expansions in the city, the total bed strength in Bengaluru will be ~ 1,500 beds.

Brownfield expansion in Hyderabad by 160 beds through brownfield expansion at the existing Jubilee Hills and Secunderabad facilities.

Along with the upcoming facility in Gachibowli, Apollo Hospitals bed strength in Hyderabad will be

~1,400 beds.

With these announcements, Apollo Hospitals commits to adding over 4,300 beds over a period of 3 to 4 years, beginning FY26 with a total capital outlay of over Rs. 8,000 crores, with a balance capital outlay of over Rs. 6,000 crs.

Apollo Hospitals crossed the landmark milestone of 25,000 transplants across its network, reaffirming its leadership in complex, high-acuity care.

Dr. Prathap C Reddy, Chairman, Apollo Hospitals Enterprise Ltd. said: "At Apollo, our mission has always gone beyond treating illness—it is about enabling every individual to live a healthier, happier life. FY25 was a defining year. With revenues crossing ?20,000 crores and Healthcare Services surpassing ?11,000 crores, we are humbled by the trust placed in us across India and beyond.

Technology expanded the possibilities of healing, but compassion remained our foundation. A strong rise in patient volumes is a testament to the deep confidence people have in Apollo’s care and our differentiated Centers of Excellence. As we grow, our focus remains unwavering—making advanced, high- quality care accessible and affordable to all.

To address the rising burden of non-communicable diseases, we are intensifying our preventive care mission. Through Apollo ProHealth, we are set to globally launch pioneering wellness programs that redefine the healthcare landscape — shifting the focus from reactive treatment to proactive, preventive care.

Innovation remains our most powerful ally — from AI-powered diagnostics to precision robotic surgeries, all enabled by a digital backbone that is reimagining the entire patient- care journey, enabling care that is predictive, personalised, and scalable.

We are committed to growth and to the enhancement of our care touchpoints, with new hospitals to be commissioned this year in Pune, Kolkata, Hyderabad, Bangalore and Delhi NCR — and several more in varying stages of development. These state-of-the-art facilities will be equipped with cutting-edge medical technology, reinforcing our commitment to delivering world-class care at scale. Our over ?8,000 crore investment over the next five years will add over 4,300 beds, with the first phase of ~ 2,000 beds already in progress—bringing advanced care closer to communities across India.

We are heartened by the performance of Apollo HealthCo and AHLL, two strong pillars of the integrated care network we have created for the consumer. Apollo Pharmacies crossed 6,600 stores this year and Apollo 24|7 commenced distribution of Insurance products to increase access to care. AHLL has strengthened its capability through its Global Reference Labs and highly specialized test menu updated for the latest medical advancements.

But what truly drives Apollo forward is our people—the doctors, nurses, and caregivers who carry our legacy in every life they touch. Their commitment is creating a healthcare system that is not only clinically world-class but also deeply human.

As we step into FY26, our purpose remains clear: to touch a billion lives, lead with innovation and empathy, and help build a healthier, stronger India for future generations."

Q4FY25 CONSOLIDATED RESULTS

REVENUE

Q4FY25 Revenues grew 13% YoY to Rs. 5,592 Crores;

Healthcare Services (HCS) Revenue at Rs. 2,822 Crores; 10% YoY growth

AHLL Revenues at Rs. 394 Crores; 11% YoY growth

Apollo HealthCo Revenues at Rs. 2,376 Crores; 17% YoY growth

GMV of Apollo 24/7 at Rs. 795 Crores

EBITDA

Q4FY25 Consolidated EBITDA grew 20% YoY to Rs. 770 Crores;

Healthcare Services (HCS) EBITDA at Rs. 686 Crores; 16% YoY growth

AHLL EBITDA at Rs. 47 Crores; 32% YoY growth

Apollo HealthCo EBITDA at Rs. 36 Crores

PAT

Q4FY25 Consolidated PAT grew 54% YoY to Rs. 390 Crores;

Healthcare Services (HCS) PAT at Rs. 385 Crore; 37% YoY growth

AHLL PAT loss of Rs. 4 Crores

Apollo HealthCo PAT at Rs. 9 Crores

FY25 CONSOLIDATED RESULTS

REVENUE

FY25 Revenues grew 14% YoY to Rs. 21,794 Crores;

Healthcare Services (HCS) Revenue at Rs. 11,147 Crores; 13% YoY growth

AHLL Revenues at Rs. 1,554 Crores; 14% YoY growth

Apollo HealthCo Revenues at Rs. 9,093 Crores; 16% YoY growth

GMV of Apollo 24/7 at Rs. 3,007 Crores

EBITDA

FY25 Consolidated EBITDA grew 26% YoY to Rs. 3,022 Crores;

Healthcare Services (HCS) EBITDA at Rs. 2,701 Crores; 15% YoY growth

AHLL EBITDA at Rs. 154 Crores; 32% YoY growth

Apollo HealthCo EBITDA at Rs. 168 Crores

PAT

FY25 Consolidated PAT grew 61 % Yo Y to Rs. 1,446 Crores;

Healthcare Services (HCS) PAT at Rs. 1,426 Crores; 25% YoY growth

AHLL PAT loss of Rs. 27 Crores

Apollo HealthCo PAT at Rs. 47 Crores

Financial Performance – Q4FY25

Consolidated Q4FY25 Performance

Revenues at Rs. 55,923 mn vs Rs.49,439 mn in Q4 FY24; 13% YoY growth

EBITDA grew by 20% at Rs. 7,699 mn vs Rs.6,405 mn in Q4 FY24. This is after Apollo 24/7 cost of Rs. 1 ,603 mn in the quarter (incl. Rs. 455 mn non-cash ESOP charge) vs Rs 1,508 mn in Q4 FY24.

Reported PAT at Rs. 3,897 mn vs Rs.2,538 mn in Q4 FY24; 54% YoY growth

Diluted EPS of Rs. 27.10 per share in Q4 FY25 (not annualized)

Healthcare service Q4FY25 Performance

Revenue at Rs. 28,220 mn vs Rs. 25,626 mn in Q4 FY24; 10% YoY growth

EBITDA grew by 16% at Rs. 6,863 mn vs Rs. 5,931 mn in Q4 FY24; Margins at 24.3% in Q4 FY25

PAT stood at Rs. 3,852 mn vs Rs. 2,803 mn in Q4 FY24, 37% YoY growth

Apollo Health and Lifestyle Limited Q4FY25 Performance

Revenue at Rs. 3,940 mn vs Rs. 3,547 mn in Q4 FY24; 11% YoY growth

EBITDA grew by 32% at Rs. 472 mn vs Rs. 357 mn in Q4 FY24; Margins at 12.0% in Q4 FY25

PAT loss of Rs. 43 mn vs loss of Rs. 87 mn in Q4 FY24

Apollo HealthCo Q4FY25 Performance

Revenue at Rs. 23,763 mn vs Rs. 20,267 mn in Q4 FY24; 17% YoY growth

EBITDA at Rs. 363 mn vs Rs. 117 mn in Q4 FY24; Margins at 1.5 % in Q4 FY25

PAT stood at Rs. 88 mn vs loss of Rs. 177 mn in Q4 FY24

Financial Performance – FY25

Consolidated FY25 Performance

Revenues at Rs. 217,940 mn vs Rs. 190,592 mn in FY24; 14% YoY growth

EBITDA grew by 26% at Rs. 30,219 mn vs Rs. 23,907 mn in FY24. This is after Apollo 24/7 cost of Rs. 5,857 mn in FY25 (incl. Rs. 1,076 mn non-cash ESOP charge) vs Rs. 7,077 mn in FY24.

Reported PAT at Rs. 14,460 mn vs Rs.8,986 mn in FY24; 61% YoY growth

Diluted EPS of Rs. 100.56 per share in FY25

Healthcare service FY25 Performance

Revenue at Rs. 111,475 mn vs Rs. 98,670 mn in FY24; 13% YoY growth

EBITDA grew by 15% at Rs. 27,005 mn vs Rs. 23,558 mn in FY24; Margins at 24.2% in FY25

PAT stood at Rs. 14,261 mn vs Rs. 11,450 mn in FY24, 25% YoY growth

Apollo Health and Lifestyle Limited FY25 Performance

Revenue at Rs. 15,535 mn vs Rs. 13,653 mn in FY24; 14% YoY growth

EBITDA grew by 32% at Rs. 1,538 mn vs Rs. 1,166 mn in FY24; Margins at 9.9% in FY25

PAT loss of Rs. 270 mn vs loss of Rs. 508 mn in FY24

Apollo HealthCo FY25 Performance

Revenue at Rs. 90,930 mn vs Rs. 78,269 mn in FY24; 16% YoY growth

EBITDA at Rs. 1,676 mn vs loss of Rs. 817 mn in FY24; Margins at 1.8% in FY25

PAT stood at Rs. 469 mn vs loss of Rs. 1,957 mn in FY24

Q4FY25 Segment-wise Performance Update

Healthcare Services (Hospitals)

As on March 31, 2025, Apollo Hospitals had 8,025 operating beds across the network (excluding AHLL & managed beds). The overall occupancy for hospitals was at 67% vs 65% in the same period in the previous year. IP volumes grew 4% in Q4 FY25 – and is the penultimate quarter which bears the base impact of Bangladesh patients, given the drop-off resulting from the change in Bangladesh government and pursuant change in visa application and norms.

Consolidated Revenues of the healthcare services division grew by 10% to Rs. 28,220 million in Q4 FY25 compared to Rs.25,626 million in Q4 FY24.

EBITDA (Post Ind AS 116) was at Rs. 6,863 million in Q4 FY25 compared to Rs. 5,931 million in Q4 FY24. EBITDA grew 16% YoY.

Revenues in the Tamil Nadu cluster grew by 7%, IP Volumes grew by 1%. ARPOB grew by 4% to Rs. 78,133. Overall occupancy in the cluster was 1337 beds (65% occupancy) as compared to 1,288 beds (63% occupancy) in the previous year.

In AP Telangana region, Revenues grew by 19%, IP volumes grew by 10%. ARPOB grew by 8% to Rs. 65,572. Occupancy in the cluster was 788 beds (64% occupancy) as compared to 712 beds (56% occupancy) in the previous year.

In Karnataka region, Revenues grew by 15%, IP volumes grew by 2%. ARPOB grew by 10% to Rs. 70,598. Occupancy in the cluster was 538 beds (70% occupancy) as compared to 512 beds (68% occupancy) in the previous year.

In Eastern region, Revenues grew by 8%, IP volumes grew by 4%. ARPOB grew by 7% to Rs. 48,462. Occupancy in the cluster was 1,367 beds (73% occupancy) as compared to 1,347 beds (74% occupancy) in the previous year.

In Western region, Revenues grew by 14%, IP volumes grew by 6%. ARPOB grew by 15% to Rs. 56,053. Occupancy in the cluster was 491 beds (56% occupancy) as compared to 492 beds (57% occupancy) in the previous year.

In Northern region, Revenues grew by 9%, IP volumes grew by 6%. ARPOB grew by 4% to Rs. 64,191. Occupancy in the cluster was 844 beds (70% occupancy) as compared to 801 beds (66% occupancy) in the previous year.

The strong performance in Karnataka and AP Telangana region, is testament of the Apollo brand resilience, and the consumers trust in Apollo as care-provider of choice in the regions. Apollo Hospitals’ plans to increase penetration in Bangalore and Hyderabad through a mix of Brownfield and Greenfield projects.

Hyderabad: Apollo Hospitals has approved the brownfield expansion of 160 beds spread across the Jubilee Hills and Secunderabad facilities, which should become operational in the coming 3-4 years.

Bengaluru: Apollo Hospitals has acquired an existing 200-bed hospital in Sarjapur, which should come into the fold in the next 2 quarters augmenting the current care network and expanding the coverage in the city. This foray into Sarjapur would improve access for consumers in South-east Bengaluru, which is home to many technocrats and large IT businesses. Apollo Hospitals’ has also acquired a 2.53 acre land in Sarjapur for a 500 bed Greenfield Hospital, which is expected to become operational in 3-4 years.

Apollo Health and Lifestyle Limited: Diagnostics and Retail Healthcare

AHLL Gross Revenue at Rs. 3,940 million; 11% YoY growth

Diagnostics Revenue stood at Rs. 1,278 million and Spectra at Rs. 701 million

Apollo HealthCo: Digital Healthcare and Omni-channel Pharmacy platform

Offline Pharmacy distribution revenues at Rs. 20,844 million in Q4 FY25 while Revenues from Digital platform were at Rs. 2,919 million

Overall Health Co Revenues were at Rs. 23,763 million representing 17% YoY growth.

266 net new stores were opened in this quarter, taking the total number to 6,626 stores.

GMV of Apollo 24/7 at Rs. 7,954 million in Q4 FY25, growth of 11% over Q4 FY24.

Avg Q4 FY25 run rate of 83 K/day order across Pharma, Diagnostics Consultations (including IP/OP referrals) compared to 58K/day in Q4 FY24.

CLINICAL EXCELLENCE HIGHLIGHTS

Apollo Hospitals crossed the milestone of 25,000+ cumulative transplants, with Hyderabad playing a pivotal role—reaffirming Apollo’s leadership in complex, high-acuity care and transplant innovation.

Apollo Children’s Hospital, Chennai successfully performed a left thoracoscopic upper lobectomy on a 9-month-old infant with congenital pulmonary airway malformation—demonstrating advanced pediatric surgical capabilities using minimally invasive techniques.

Indraprastha Apollo Hospitals, Delhi performed a landmark double lung transplant on a 42-year- old male patient with end-stage interstitial lung disease, along with rare complex limb salvage surgeries and aggressive cancer reconstructions for international patients.

Apollo Hospitals, Navi Mumbai conducted Maharashtra’s first Robotic Nipple-Sparing Mastectomy with TiLoop reconstruction on a BRCA-positive patient, and completed 78 bone marrow transplants while launching a new 12-bed Advanced Liver ICU.

Apollo Cancer Institute, Teynampet performed a novel hemi-circumferential portal vein resection to treat advanced pancreatic cancer, preserving splenic vein drainage and avoiding secondary interventions.

Apollo Hospitals, Hyderabad launched an innovative Joint Preservation Program and became the first in the network to complete 25 Fast-track Deep Brain Stimulation surgeries in a 24-day period, and pioneered the use of an atrial flow regulator implant in a pediatric pulmonary hypertension case.

Apollo Hospitals, Bangalore performed a mitral valve edge-to-edge repair using the MitraClip, reinforcing its expertise in structural heart procedures.

Apollo Hospitals, Madurai successfully treated a rare condition called hematohidrosis in a 20-year- old female patient.

Apollo Hospitals, Mysore resected a rare acral fibromyxoma tumour from the palm of a 58-year- old male patient using a complex surgical procedure with full sensorimotor preservation.

Apollo Hospitals, Kolkata carried out a robot-assisted choledochal cyst surgery for a two-year-old child, marking a milestone in pediatric robotic surgery in the region.

NEW LAUNCHES, INITIATIVES AND PARTNERSHIPS

Apollo Hospitals launched the Centre for Digital Health and Precision Medicine in collaboration with the University of Leicester, UK—focusing on AI-integrated diagnostics, genomics, and precision-led care transformation.

A strategic Memorandum of Understanding (MoU) was signed with Mayapada Healthcare, Indonesia, to strengthen cross-border medical collaboration and clinical knowledge exchange across Southeast Asia.

Apollo Hospitals, Navi Mumbai launched a dedicated 12-bed Advanced Liver ICU, supporting complex hepatology cases with state-of-the-art critical care infrastructure.

Apollo Hospitals, Bangalore introduced ‘Seniors First’, a proactive geriatric care initiative that

delivers personalized, preventive healthcare for India’s ageing population.

Apollo Hospitals, Hyderabad initiated a new Joint Preservation Program, offering early intervention through multidisciplinary, non-surgical therapies to delay or prevent joint replacements.

Apollo Hospitals rolled out ‘The Pink Book’, a comprehensive institutional framework to safeguard healthcare workers and promote a robust culture of safety, trust, and accountability across the hospital network.

AWARDS AND ACCOLADES

Apollo Hospitals received 15 prestigious awards in Q4 FY25, reflecting its excellence in clinical care, green infrastructure, patient trust, and community engagement.

Apollo Hospitals, Navi Mumbai emerged as a standout, receiving five major recognitions:

Big FM’s Big Impact Creator Award (Super Speciality Hospitals, 2025)

Sakal Sanman Award

Best Super Speciality Hospital in Mumbai by the Navabharath Group

Leading Quaternary Care Hospital by the Times Group

IGBC Platinum Certification for excellence in green building standards, by the Indian Green Building Council

Apollo Hospitals, Ahmedabad was honoured at the FICCI Medical Value Travel Awards for its role in attracting international patients and promoting India as a hub for high-quality, affordable care.

In the Northeast, Apollo Hospitals, Guwahati was named Hospital of the Year by News18, and its affiliate Excelcare earned four recognitions:

Stroke Readiness (News18 Assam)

Best Practices in CSSD (CAHO)

Excellence in Infection Control (AHPI, Association of Hospital Providers (India))

Best Community Outreach Program (Ankuram)

Apollo Hospitals, Hyderabad received two prestigious recognitions:

Certificate of Recognition from the Association of Healthcare Providers (India)

Stroke Center Certification from the American Heart Association

Apollo Hospitals, Chennai was ranked among the World’s Best Hospitals 2025 by Newsweek and named the Most Trusted Hospital by the Times Health Excellence Awards.

Apollo Hospitals, Karnataka was honoured at the FICCI Women’s Achievers Awards, recognising

the institution’s commitment to diversity, inclusion, and clinical excellence.

About Apollo

Apollo revolutionized healthcare when Dr. Prathap Reddy opened the first hospital in Chennai in 1983. Today, Apollo is the world’s largest integrated healthcare platform with over 10,000 beds across 73 hospitals, 6,600+ pharmacies, 260+ clinics, 2,200+ diagnostic centres, and 800+ telemedicine centres. It is one of the world’s leading cardiac centers, having performed over 3,00,000 angioplasties and 2,00,000 surgeries. Apollo continues to invest in research and innovation to bring the most cutting-edge technologies, equipment, and treatment protocols to ensure patients have access to the best care in the world. Apollo’s 1,20,000 family members are dedicated to delivering exceptional care and leaving the world better than we found it.

For further details, log onto: www.apollohospitals.com  

EDII Hosts “24th Convocation”; 74 Students Graduate Across Entrepreneurship Programmes


Entrepreneurship Development Institute of India (EDII), Ahmedabad, a 'Centre of Excellence' recognised by the Ministry of Skill Development & Entrepreneurship, Government of India, celebrated its “24th convocation of academic programmes” at its Ahmedabad campus. The event was graced by chief guest Dr. Vijay Kumar Saraswat, Member, NITI Aayog, Former Secretary, DRDO and Distinguished Scientist. Also present on the occasion were Shri Rakesh Sharma, President – EDII and Managing Director and Chief Executive Officer, IDBI Bank Limited; Dr. Sunil Shukla, Director General, EDII; and esteemed members of the EDII Governing Board including Mr. Rajesh R. Gandhi, Managing Director, Vadilal Industries Limited, Ahmedabad; Mr. Rahul Bhave, Managing Director and CEO, IFCI Limited, New Delhi and Ms. Purnima Bhargava, CGM & Head, Learning & Employee Engagement, IDBI Bank Ltd.

74 graduates were conferred with diplomas and graduating certificates, at the 24th convocation, across academic programmes including the Post Graduate Diploma in Management – Entrepreneurship (PGDM - E); Post Graduate Diploma in Management-Innovation Entrepreneurship & Venture Development (PGDM-IEV)and Fellow Programme in Management (FPM). The ceremony marks a notable milestone, celebrating the academic journey and success of graduates as they step into entrepreneurial roles across industries/ institutions.

This year’s graduating batch represents 74 (Post Graduate Diploma in Management – Entrepreneurship-64 students; Post Graduate Diploma in Management – Innovation Entrepreneurship & Venture Development - 8 students; Fellow Programme in Management – 2 students) students from 12 states. While 21 students of PGDM-E have finalised their 5 year Perspective Growth Plan, 43 students of this programme have prepared Detailed Project Report (DPR). Students have also secured Grant sanctions from the student start-up innovation policy. Some of the business identified domains include: Providing small-scale wind turbines for commercial and residential applications; software designed to tackle the everyday challenges of time management in a professional setting; Fast, Safe, and Reliable Blood Delivery; installing digital lockers in residential buildings, allowing couriers to drop off packages securely, Residents receive mobile alerts and can collect parcels anytime; beneficiation of iron ore in dry and viable methods to obtain a desirable ore grade and without using precious water resources; innovative products for electrical efficiency & user comfort and many other contemporary opportunities.

Dr. V. K. Saraswat inspired the graduating students with an invigorating speech with insights into India’s evolving and growing entrepreneurial landscape and how each of their contributions will add to the nation-building. He said, “Your ability to navigate ambiguity, make decisions with incomplete information, and adapt strategies based on new realities will determine your sustained impact. Cross-cultural communication proves critical in our interconnected world. India's diversity, be it linguistic, cultural, or economic, demands entrepreneurs who can design solutions that resonate across communities and contexts. Global collaboration demands understanding how to work effectively with partners from different cultures while maintaining authentic Indian perspectives. He added, every solution you develop, every enterprise you build, every innovation you pursue must be measured not just by its commercial success but by its contribution to India's comprehensive development. We stand at an unprecedented moment in India's journey, where the vision of Viksit Bharat, a developed India by 2047, is not merely a government policy but a collective aspiration that requires entrepreneurs like you to be its primary architects”

Shri Rakesh Sharma, President – EDII & Managing Director and Chief Executive Officer, IDBI Bank Limited, said, “This year, in April EDII celebrated its 43rd Foundation Day. In over four decades of its journey, the Institute has played a crucial role in establishing entrepreneurship as a familiar discipline.  Today when the nation talks about employing entrepreneurship as a tool to enhance productivity, competitiveness and overall efficiency, EDII continues to remain centre stage in leading and reinforcing this development. The Institute’s nationwide presence is instilling entrepreneurial behaviour across a diverse cross-section of people.”

Dr. Sunil Shukla, Director General, EDII, shared, “Since the inception of EDII, we have worked consistently to nurture entrepreneurial talent capable of leading with innovation, integrity, and impact. EDII’s meticulously designed curriculum integrates academic rigour with practical exposure, equipping students with a deep understanding of entrepreneurial ecosystems, strategic thinking, and ethical leadership. With the wings that we have provided, I am sure our students are going to fly to newer heights. To add to this flight is the inspiring presence of Dr. Saraswat. It is a pleasure to have him grace this convocation and guide our students.”

The event concluded with a vote of thanks by Dr Sunil Shukla, Director General, EDII.

Friday, May 30, 2025

Marriott Bonvoy Launches Members Get Even More, Offering The Best Rates To Members Planning Their Monsoon Getaway


Planning a monsoon getaway? Marriott Bonvoy, Marriott International’s award-winning travel program is giving members an exclusive 10% off on stays across 127 hotels in India. Book anytime from now until  July 30th 2025, and unlock special rates that bring your dream holiday one step closer. Members can also apply the new offer on all existing offers on the app & website too. It is a steal deal truly!

Whether you're chasing waterfalls, craving a hilltop retreat, planning a family break, or mixing business with a bit of leisure – this limited-time offer lets you do it all for less. Plus, you’ll continue to earn Marriott Bonvoy points for future escapes. Think luxury for less at stunning destinations like JW Marriott Goa, The St. Regis Goa, Le Meridien Mahabaleshwar, Westin Himalayas Resort & Spa, Jim Corbett Marriott Resort & Spa, Coorg Marriott Resort & Spa, Udaipur Marriott Hotel, and many more.

Marriott Bonvoy members continue to get benefits such as free breakfast and hi-speed Wi-Fi and also earn additional point as per member tier. Own the Marriott Bonvoy HDFC bank credit card? Earn additional 08 points on every INR 150 spent.

Book your perfect monsoon stay on the Marriott Bonvoy app or website – and let the rewards flow.

How to book:

For bookings: Click here or Marriott Bonvoy app or www.marriott.com (Bonvoy membership required - sign up for free)

Stay Period: 27th May to 31st July 2025

Where: All Marriott Bonvoy properties across India  

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