Byndoor MLA Sukumar Shetty visits Thumbay Medicity in Ajman
Ajman: BJP MLA from Byndoor, Sukumar Shetty visited Thumbay Medicity, the hub of state-of-the-art medical education, healthcare, and research, on 3rd December. He was welcomed at Thumbay Medicity by Dr. Thumbay Moideen – Founder President of Thumbay Group.
Touring the hospitals and the university, Mr. Sukumar Shetty commended Thumbay Medicity for the excellent facilities for healthcare and medical education, as he observed the various services at Thumbay Dental Hospital – the first private dental hospital in the country and the largest academic dental hospital in the Middle East region’s private sector, as well as Thumbay Physical Therapy and Rehabilitation Hospital – the biggest and most advanced hospital for physical therapy and rehabilitation. He appreciated Thumbay Group’s efforts in bringing the latest technology and innovation in healthcare and medical education to the region. He was quite impressed with 350-bedded Thumbay University Hospital – the largest private academic hospital in the region.
Dr. Thumbay Moideen said that Thumbay Medicity is envisioned as the healthcare and medical education hub of the region, to serve a floating population of 20,000. The 350- bed academic hospital – Thumbay University Hospital – the largest private academic hospital in the region, combined with the dental and rehabilitation hospitals make Thumbay Medicity a unique destination for specialized care. Thumbay Medicity is also a referral facility to which primary and secondary care hospitals and clinics refer to serious cases,” he explained.
The specialized hospitals of Thumbay Medicity are Academic Health Centers of the Gulf Medical University Academic Health System (GMUAHS), which give them a unique advantage of having the expertise of doctors who are also academicians and researchers. GMUAHS has the distinction of being the first private academic health system in the region.
Thumbay Medicity is one of the biggest additions to the UAE’s healthcare sector, and the first such project in the private sector. Located in Ajman, Thumbay Medicity features the most modern technology and global expertise in teaching/training, healthcare delivery and research/innovation, attracting the best student and professional talent towards shaping the future of education, healthcare, and research. Thumbay Medicity also features an array of leisure and hospitality amenities such as Body & Soul Health Club and Spa, Thumbay Food Court, The Terrace Restaurant, Blends & Brews Coffee Shop etc., as well as the Thumbay Housing Project to accommodate 2500 staff and students. Thumbay Medicity has a total area of 1 million sq.ft. and a built-up area of 1.2 million sq.ft.
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Sensex, Nifty extend gains for 3rd day on strong global cues, lower US inflation
Mumbai, Jan 16: Equity benchmark indices Sensex and Nifty rallied for the third session on the trot on Thursday, helped by a rally in global markets after lower-than-expected consumer inflation in the US ignited hopes of more rate cuts by the Federal Reserve.
Intense buying in Reliance Industries, ICICI Bank and HDFC Bank also boosted sentiments, traders said.
The 30-share BSE index climbed 318.74 points or 0.42 per cent to revisit 77,000 level at 77,042.82. During the day, it jumped 595.42 points or 0.77 per cent to 77,319.50.
On the similar lines, the NSE Nifty rallied 98.60 points or 0.42 per cent to 23,311.80.
As many as 2,778 stocks advanced, while 1,188 declined and 101 remained unchanged on the BSE.
Unabated foreign fund inflows, weakness in the rupee and elevated global crude prices continue to weigh on domestic equity markets, traders said.
"Benchmark indices continued to trade in the positive, albeit off highs, driven by positive investor sentiment following mild US inflation data, which raised hopes for a potential rate cut by the Federal Reserve.
"Additionally, favourable developments in the Israel-Hamas ceasefire and a reduced trade deficit further boosted the market's upward movement. However, weak economic growth data from the UK dampened some of this optimism," Vinod Nair, Head of Research, Geojit Financial Services, said.
From the 30-share blue-chip pack, Adani Ports, State Bank of India, Bajaj Finserv, Bharti Airtel, Tata Motors, IndusInd Bank, NTPC, Maruti, Reliance Industries and Axis Bank were the biggest gainers.
In contrast, HCL Tech, Nestle, Infosys, Hindustan Unilever, ITC and Tata Consultancy Services were among the laggards.
IT services major Infosys on Thursday reported an 11.46 per cent year-on-year increase in consolidated net profit to Rs 6,806 crore in the October-December quarter of FY25.
Shares of Infosys slipped 1.21 per cent to settle at Rs 1,926.20 apiece on the BSE.
Meanwhile, Adani group stocks rallied on Thursday after Hindenburg Research founder Nate Anderson announced that he would disband the firm, which made international waves with campaigns targeting billionaire Gautam Adani that wiped billions from the market value of his group companies.
Shares of NDTV surged 9.15 per cent, Ambuja Cements jumped 3.88 per cent, Adani Green Energy rallied 3.35 per cent, Sanghi Industries climbed 3.34 per cent and Adani Power went up by 2.45 per cent on the BSE.
The stock of Adani Ports advanced 2.03 per cent, Adani Total Gas (1.78 per cent), Adani Enterprises (1.74 per cent), Adani Energy Solutions (1.54 per cent) and ACC (0.77 per cent).
Shares of Adani Wilmar, however, declined 1.19 per cent.
"Nifty has regained momentum, closing at 23,312, buoyed by demand and reclaiming the 23,300 mark, as Wall Street's strong performance helped bulls take charge. Risk-on sentiments were sparked by cooler-than-expected US CPI inflation data for December, easing concerns about rising inflation and boosting expectations that the Fed might continue its rate-cutting cycle throughout the year.
"This, coupled with a weaker US dollar (now at 109) and a drop in the 10-year US bond yield to 4.65 per cent, has further strengthened investor confidence," Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.
The BSE smallcap gauge jumped 1.43 per cent while the midcap index climbed 0.92 per cent.
Among BSE sectoral indices, services jumped 1.93 per cent, industrials (1.73 per cent), metal (1.63 per cent), telecommunication (1.61 per cent), capital goods (1.56 per cent) and commodities (1.51 per cent).
IT, Consumer durables, teck and BSE-focused IT were the laggards.
"The Nifty continued its upward momentum for the third straight session, closing 98 points higher (0.42 per cent) at 23,311, driven by positive global sentiment. Asian markets tracked Wall Street's gains, responding favourably to US core inflation data that reinforced expectations of potential Federal Reserve rate cuts in 2025," Devarsh Vakil, Head of Prime Research, HDFC Securities, said.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled in the positive territory.
Equity markets in Europe were quoting higher. US markets rallied on Wednesday.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 4,533.49 crore on Wednesday, according to exchange data.
The rupee depreciated 16 paise to close at 86.56 (provisional) against the US dollar on Thursday.
Global oil benchmark Brent crude dipped 0.18 per cent to USD 81.88 a barrel.
In the previous session, the BSE benchmark rose 224.45 points or 0.29 per cent to settle at 76,724.08 on Wednesday. The Nifty advanced 37.15 points or 0.16 per cent to 23,213.20.
