The new batches of students of the six colleges under Gulf Medical University (GMU) owned and run by Thumbay Group, were welcomed into their healthcare professions through a white coat ceremony organized by the University, on 1st October 2020, receiving their first white coats as they participated in the time-honored tradition, albeit a virtual one this year, in the wake of the global pandemic.

Dr. Thumbay Moideen, Founder, President Board of Trustees, GMU was the chief guest of the ceremony. Prof. Hossam Hamdy, the Chancellor of GMU presided.  Also present at the ceremony organized at the University were Mr. Akbar Moideen Thumbay - Vice President of the Healthcare Division of Thumbay Group, as well as the Vice Chancellors and Deans of the University.

Welcoming the gathering, Prof. Manda Venkatramana, Vice Chancellor Academics said that this year the new students numbered 510, representing 50 different nationalities. Those receiving their white coats were students in the first year of various programs:  Bachelor of Medicine and Bachelor of Surgery (MBBS), Bachelor of Biomedical Sciences (BBMS), Associate Degree in Pre-Clinical Sciences (ADPCS), Doctor of Dental Medicine (DMD), Doctor of Pharmacy (PharmD), Bachelor of Physiotherapy (BPT), Bachelor of Science – Medical Laboratory Sciences (B.Sc. MLS), Bachelor of Science – Medical Imaging Sciences (B.Sc. MIS), Bachelor of Science - Anesthesia Technology (B.Sc. AT), Bachelor of Science in Nursing (BSN) and Bachelor of Science in Healthcare Management and Economics (B.Sc. HME).

Addressing the students, Prof. Hossam Hamdy reminded them that they were making history as the class of 2020, starting their medical and health professions education in the midst of the catastrophic global viral pandemic, COVID-19. Quoting the French philosopher Alain Badiou, he explained that COVID-19, as an event, had disrupted all aspects of our life, creating a new normal. “The next few years at the University are not going to be easy for you. But is it easy to achieve something that is truly meaningful,” he said, adding, “There will be challenges, but there will also be rewards.”

Prof. Hossam Hamdy further reminded the students that the world around them was changing rapidly in terms of communication, travel, treating patients, use of technology etc. “An important competency which will remain unchanged is the communication between human beings. The patients, the students, the healthcare providers and the medical educators are all humans. How to communicate, connect and interact and feel will play a key role in educating health professionals,” he explained, adding that nurturing ethicality and trustworthiness would be part of their learning process at GMU.

Emphasizing the importance of teamwork, Prof. Hossam Hamdy said, “Medical practice is no longer a case of a single doctor caring for his or her patients. You are part of a team, bringing in the expertise of a larger group of professionals, working within a healthcare system. Teamwork is the one of the important competency you have to acquire during your studies and beyond. At GMU we have established, for the first time, the Center for Interprofessional Education, Practice and research, the only one in the region.”

He also elaborated on the cutting-edge technologies like 3D learning, Artificial Intelligence and the Distance Learning and Blended Learning methodologies, which are all part of the learning experience at GMU. “We now have 27 accredited programs imparted through the six colleges of GMU. Very soon, the University will have a PhD program and residency programs,” he said.

Thanking Dr. Thumbay Moideen the Founder for the vision, values, leadership, hard work and ethical values of GMU, Prof. Hossam Hamdy stated that GMU now boasted unparalleled reputation in the region, attracting students from over 86 nationalities.

Selected representatives from the new batches of different programs received their white coats from the chief guest as part of the ceremony, as their batch mates joined in virtually from different parts of the world, donning their white coats to take the first step in their journeys as healthcare professionals.

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Bengaluru (PTI): A consortium led by the Aditya Birla Group (ABG) on Tuesday acquired 100 percent equity stake in IPL franchise Royal Challengers Bengaluru for a whopping USD 1.78 billion (approximately Rs 16,706 crore) from its current owner the United Spirits Limited.

Other parties involved in the group are -- Blackstone’s perpetual private equity strategy, BXPE, a firm of which Viral Patel is the CEO, Bolt Ventures, owned by American investor David Blitzer, and media conglomerate Times of India.

“United Spirits Limited, pursuant to the meeting of its Board of Directors, today announced that it has entered into definitive agreements for the sale of the 100 percent equity stake held in its wholly owned subsidiary Royal Challengers Sports Private Limited (RCSPL) to a consortium,” the USL said in a statement.

“The consortium comprises Aditya Birla Group (ABG), The Times of India Group (Times), Bolt Ventures (Bolt), and Blackstone’s perpetual private equity strategy, BXPE (Blackstone) for a total consideration of INR 166.6 bn in an all cash transaction,” the statement added.

The transaction includes RCB's men’s and women’s (WPL) teams.

“RCSPL owns and operates Royal Challengers Bengaluru (RCB) franchises that participate in the Indian Premier League (IPL) and Women’s Premier League (WPL).

“Upon completion of this transaction, the consortium will, through its ownership of RCSPL, acquire the rights to own and operate the IPL and WPL franchise,” said the USL.

The announcement also concluded the strategic review of RCSPL that was initiated by USL on November 5, 2025.

The United Spirits Limited is a subsidiary of UK-Diageo, and they were keen to move away from RCB as the team was not central to their business plans.

Commenting on the transaction, Praveen Someshwar, MD & CEO, USL, said: “This transaction marks an important milestone for USL as we sharpen focus on our core beverage alcohol business to unlock its true potential. RCB has grown into the most prominent and commercially successful franchise in the IPL and WPL.

“We are excited for the future of RCB under the stewardship of the new owner. As Sports enters a new phase of growth in India & globally, we believe this is in the best interest of the franchise and our stakeholders.”

Kumar Mangalam Birla, Chairman, Aditya Birla Group, said, “Over the past 2 decades, the IPL has morphed to become a global sporting powerhouse that has changed the face of Indian cricket creating enormous value for India.

“RCB, as one of the most compelling franchises in modern sport, offers the Aditya Birla Group a distinctive platform to extend its legacy of institution-building into the arena of global sport.”

As per the sale agreement, Aryaman Vikram Birla, ABG’s director, will be the chairman of RCB while Satyan Gajwani of Times of India will be his deputy.

Aryaman Birla, said: “It is a privilege to come together in this partnership to shape the next phase of growth for RCB. This partnership brings together a deep understanding of sports, media and consumer businesses.

“Together, we will continue to Play Bold -- on the pitch, in the community, and for the fans who make RCB what it is.”

Gajwani, Chairman, Times Internet Limited, said: “RCB is the reigning champion and the most popular brand in the IPL. We will build RCB into a global sporting institution, while remaining rooted in Bengaluru and Karnataka and its incredible fanbase.”

Blitzer hoped to build on RCB’s recent success.

“RCB has a world-class fanbase, and the IPL is one of the great growth stories in global sport. Having invested in clubs and leagues around the world, I believe the opportunity at RCB stands out.

We look forward to working alongside our partners and the BCCI to build on the franchise’s championship success,” he said.

Patel praised the RCB as one of the strongest sporting brands in the world.

“We are excited to invest in RCB, building on Blackstone’s long-standing commitment to India. RCB stands out as one of the most popular sports franchises in the world with a powerful brand, a loyal fan base, and multiple avenues for growth,” he added.

However, formalities such as ratification from the BCCI, IPL Governing Council, its WPL counterpart and the Competition Commission of India are still pending.

Earlier, IPL franchise Rajasthan Royals was acquired by US-based Kal Somani-led consortium for USD 1.63 billion (approx Rs 15,290 crore),

The Somani-led consortium includes Rob Walton from the Walmart family and Hamp family (Ford motor company).

Somani is an Arizona-based tech entrepreneur who has founded IntraEdge (technology services and solutions), Truyo.Ai (data privacy rights and AI governance) and Academian (edtech services).

The other contenders to buy the team, which won the inaugural trophy in 2008, were the Times Internet-led consortium, the Aditya Birla Group and the Mittal family led by ArcelorMittal CEO Aditya Mittal.