Minister Dr Jayamala Ramachandra visits Thumbay Medicity
Dr Jayamala Ramachandra, Minister for Women and Child Development and Empowerment of Differently Abled & Senior Citizens, visited Thumbay Medicity on November 24, 2018. Founder president of Thumbay Group Dr. Thumbay Moideen greeted the minister was at Thumbay Medicity.
Jayamala toured the advanced healthcare and medical education facilities at Thumbay Medicity including Gulf Medical University, Thumbay Dental Hospital, Thumbay Physical Therapy & Rehabilitation Hospital.
The minister commended Thumbay Medicity for the excellent facilities for healthcare and medical education, as she observed 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. The vision, mission and future directions of Thumbay Group and Gulf Medical University – the region’s leading private medical university, as well as the University’s advanced training and teaching facilities, were also presented before the guest. She appreciated Thumbay Group’s efforts in bringing the latest technology and innovation in healthcare and medical education to the region.
Dr. Thumbay Moideen said that Thumbay Medicity was envisioned as the healthcare and medical education hub of the region, to serve a floating population of 20,000 on completion. “The soon-to-open 500-bed academic hospital – Thumbay University Hospital - the largest hospital in the region, combined with the dental and rehabilitation hospitals make Thumbay for specialized care. Thumbay Medicity is also a referral facility to which primary and secondary care hospitals and clinics refer serious cases,” he explained. Thumbay Medicity also houses Body & Soul Health Club and Spa, The Terrace Restaurant, Blends & Brews Coffee Shoppe, Thumbay Pharmacy etc. hospitals of Thumbay Medicity are Academic Health Centers of the Gulf Medical University Academic Health System (GMUAHS), which give them the 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 a significant landmark in Thumbay into a leading healthcare provider in the region. “We are pursuing a massive global expansion plan at the moment, according to which the Thumbay academic hospital network will have a total of 1000 beds in the UAE, 1500 beds in India and 750 beds elsewhere in the Gulf and Africa by 2022,” said Dr. Thumbay Moideen.
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Stock markets take breather after sharp rally, Sensex tanks 1,282 pts as IT shares retreat
Mumbai, May 13 (PTI): Stock markets tumbled on Tuesday with benchmark Sensex falling by 1,282 points due to profit-taking in IT, auto and private banking shares a day after a record rally.
The 30-share BSE barometer tanked 1,281.68 points or 1.55 per cent to settle at 81,148.22 with 25 of its constituents closing with losses and five with gains. During the day, it fell sharply by 1,386.21 points or 1.68 per cent to 81,043.69.
The broader Nifty of NSE dropped 346.35 points or 1.39 per cent to 24,578.35.
From the Sensex firms, Infosys declined the most by 3.54 per cent. Power Grid dropped 3.4 per cent, Eternal by 3.38 per cent, HCL Tech by 2.94 per cent, Tata Consultancy Services by 2.88 per cent and Bharti Airtel by 2.74 per cent. IndusInd Bank, HDFC Bank, ICICI Bank, NTPC, Maruti, Tata Motors, and M&M were also among the laggards.
Sun Pharma, Adani Ports, Bajaj Finance, State Bank of India and Tech Mahindra were the gainers.
Profit-taking was evident across the board, with IT, FMCG, and auto sectors emerging as the top losers, Ajit Mishra – SVP, Research, Religare Broking Ltd said.
"The domestic market witnessed profit booking today, following yesterday’s sharp rally. The relief-driven surge—fuelled by easing global and domestic risks, including a reduction in trade war tensions and Indo-Pak geopolitical stress—appears to be taking a breather," Vinod Nair, Head of Research, Geojit Investments Limited, said.
Sensex and Nifty logged their best single-day gains in absolute terms on Monday following buying by retail and foreign investors after India and Pakistan reached an understanding to stop military actions and the US and China announced a deal to lower tariffs significantly. The indices raced nearly 4 per cent on Monday on across the board rally.
Broader markets closed with gains on Tuesday with the BSE smallcap gauge jumping 0.99 per cent and midcap index by 0.17 per cent.
Among sectoral indices, BSE Focused IT tanked 2.44 per cent, teck (2.39 per cent), IT (2.21 per cent), utilities (1.35 per cent), power (1 per cent), metal (0.95 per cent) and oil & gas (0.95 per cent).
Healthcare, industrials, capital goods, services and consumer durables were the gainers.
In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index and Shanghai's SSE Composite index settled in the positive territory while Hong Kong's Hang Seng ended lower. European markets were trading mostly higher.
US markets ended significantly higher on Monday following easing of trade tensions between China and the US. The Nasdaq Composite surged 4.35 per cent, S&P 500 jumped 3.26 per cent and Dow Jones Industrial Average climbed 2.81 per cent.
Global oil benchmark Brent crude climbed 0.32 per cent to USD 65.17 a barrel.
Foreign Institutional Investors (FIIs) bought equities worth Rs 1,246.48 crore on Monday after a day's breather, according to exchange data.
