EFG Bank AG has appointed Dr. Urs Buchmann as Vice Chairman and Ashish Gumashta as a member of its Regional Asia Advisory Board. With extensive experience in Greater China and the Indian market, respectively, they will guide the bank's growth strategy in the Asia Pacific region. EFG's leadership expressed confidence in their ability to enhance the bank's offerings and capitalize on emerging opportunities.
EFG Bank AG has appointed Dr. Urs Buchmann as vice chairman and Ashish Gumashta as a member of its Regional Asia Advisory Board. Buchmann brings over 30 years of experience in Greater China, while Gumashta has a strong focus on the Indian market. Their expertise is expected to enhance EFG's growth strategy in the region.
EFG International has appointed Urs Buchmann as Vice Chairman of its Asia business and Ashish Gumashta to its advisory team, effective immediately. Buchmann, formerly with Credit Suisse, has extensive experience in the Asia-Pacific region, while Gumashta brings over 30 years of banking expertise, particularly in the Indian market.
EFG International has appointed Urs Buchmann as Vice Chairman of its Asia business and Ashish Gumashta to its advisory team, effective immediately. Buchmann, formerly with Credit Suisse, has extensive experience in the Asia-Pacific region, while Gumashta brings over 30 years of banking expertise, particularly in the Indian market.
Indian startups raised $232 million across 29 deals this week, marking a significant recovery from the previous week's $91 million, largely driven by a major debt transaction. Key sectors attracting investment include AI, healthcare, and agritech, with a notable focus on sustainability and capital efficiency as startups navigate market challenges. Rising debt financing is becoming crucial for growth-stage companies, allowing them to expand without diluting equity.
Coherent Market Insights offers comprehensive market intelligence and consulting services, focusing on various sectors including telehealth. Their latest report provides in-depth qualitative and quantitative analysis of the telehealth market across multiple regions, highlighting key players, market dynamics, and growth opportunities. The report aims to assist stakeholders in making informed strategic decisions by detailing market trends, challenges, and competitive landscapes.
Morepen Labs plans to spin off its medical devices business into a separate unlisted subsidiary within 12-24 months to enhance investor value, with expectations of 25-28% growth. The company aims to expand glucometer production from 2.5 million to 5 million units annually by FY26, targeting regulated markets like the US by FY27. Backward integration efforts are underway, focusing on manufacturing components in India and increasing strip production to 700 million by FY26.
The global telemedicine market is projected to exceed USD 14 billion by 2030, driven by the rising demand for regular health check-ups and the active participation of key industry players in innovation and partnerships. North America is expected to lead the market, with telemonitoring services showing significant revenue growth. Notable companies like Teladoc Health and Rudolf Riester GmbH are advancing the sector with new solutions, including AI-supported telemedicine tools and mobile clinics for remote areas.
A recent report highlights the intensifying competition in the commercial remote sensing industry, with the U.S. facing significant challenges from China. While the U.S. leads in synthetic aperture radar (SAR) technology, China outperformed in electro-optical and multispectral categories, emphasizing the need for increased government support for U.S. firms to maintain global competitiveness. The report underscores the importance of innovation and market differentiation as nearly half of the top satellite systems were launched between 2021 and 2024.
UBS is reportedly in discussions to establish a joint venture focused on wealth management in India, targeting minority ownership. Sources indicate that these talks are part of the bank's strategy to expand its presence in the growing Indian market.
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