Healthcare Financial News

healthcare sector is fast emerging as the prime target of cybercriminals. Not just the AIIMS hospital or the Indian Council of Medical Research, but nearly 60% of healthcare organisations in India have suffered a cyberattack in the past 12 months, according to a new study by Sophos, shared exclusively with ET. Of these, cybercriminals were able to successfully encrypt data in nearly 75% of ransomware attacks. This is the highest rate of encryption in the past three years and a significant increase from the 61% data encryptions carried out last year, the UK-based cybersecurity firm said.

Americans are living longer but the downside is that many will require assistance from family members, who may in turn face a financial burden.

₹2,042 crore during the fiscal year 2022-23, as per EdelGive Hurun India Philanthropy List 2023. The report notes that Shiv Nadar donated an average of ₹5.6 crore per day. The list includes the names of 119 Indians including Wipro's Azim Premji, Zerodha co-founder Nikhil Kamath, etc.

Emkay Global Financial Services. Also Read: Fed policy outcome: Fed keeps rates steady. What does it mean? Experts explain Following the Fed's announcement, the US 10-year Treasury yield eased to its lowest in more than two weeks to 4.7196 per cent.

Pregnancy and childbirth are significant life events that come with their own set of challenges and expenses. While the joy of welcoming a new member into the family is immeasurable, it's also important to consider the financial aspect of maternity-related expenses. Maternity-related healthcare can be quite expensive, with costs ranging from tens of thousands to over a few lakhs for normal delivery, while a C-section delivery can be on the much higher end.

Health insurance policies often encompass a broad spectrum of healthcare services aimed at enhancing the overall well-being of policyholders. For individuals managing diabetes, access to comprehensive care is essential, and this includes coverage for diabetes education and counselling services. These services play a pivotal role in empowering individuals to effectively manage their condition, make informed health decisions, and improve their quality of life.

A business group that advocates for clean energy estimates that 403,000 jobs will be created by the 210 major energy projects announced since the Inflation Reduction Act took effect in mid-2022

The NSE Nifty 50 index settled 0.47% lower at 18,989, while the S&P BSE Sensex fell 0.44% to 63,591. Here's how analysts read the market pulse: «Prior to the FOMC meeting, the index faced selling pressure from higher levels but successfully held the 18,940 support level. Immediate resistance on the upside is identified at 19,100, and a breakout above this level may trigger short-covering moves toward the 19,250-19,300 range.

By Leroy Leo and Mariam Sunny

The best way to make sure your doctors are still covered under your health insurance plan? Pick up the phone and call them. Each year, many workers learn the hard way that solely relying on your insurance provider’s online search tool to check on coverage during open enrollment doesn’t work. Those websites aren’t always up-to-date, benefits professionals caution.

Shapoorji Pallonji Real Estate on Wednesday said it has launched two housing projects in its 200 acre-township in Pune and is expecting a revenue of around Rs 1,500 crore from them. In a statement, the company said it is developing a 200 acre-urban development project 'SP Kingstown' in Pune's Hadapsar Annexe.

«There is no structural change in the industry and majority of our revenue is coming from the medtech industry, the imaging industry and the dilution of the margins has been a global phenomenon for the chemical industry and we are in performance chemicals,» says VK Singh, COO, Blue Jet Healthcare. Meanwhile, Shiven Arora, MD, Blue Jet Healthcare says, " See, across three business verticals, we have invoiced to about 400 customers across 39 countries in the past three years. We feel that there is enough and more depth in the customer profile that we have today." This is a complete OFS and no money is coming in the company. But for the investors, tell us about how do you see yourself growing in the three segments that you have presence in? You have a good presence in the API, CDMO, you have the sweetener segment as well. So going ahead, which one do you believe will drive the growth for the company? VK Singh: Yes, there is no money coming into the company but then for all three segments, we have demonstrated an excellent growth over the last three, four years and we believe that we will maintain this momentum. Let me talk about your numbers now, if you look at your margins, they have actually seen a decline and when I talk about decline, I am talking about it being approximately 42% in FY21. Now, if you see in the quarter, in Q1 of FY24, that is, that the margin figure has come down to about 33% or so. If you could tell us why is there a decline in the margins over that period? Also, what is your outlook going ahead for the margin and if possible, if you could give us a sustainable level that you are envisaging when it comes to the margins for your company? VK Singh: See, there is no structural change in the industry

Blue Jet Healthcare share price was listed at ₹380 on the NSE (National Stock Exchange) almost 10% higher than the issue price of ₹346 on Wednesday. On the BSE (Bombay Stock Exchange) Blue Jet Healthcare share price was listed at Rs359.90 per share and touched highs of ₹395.85, during intraday trades. Investor confidence had remained strong on the company as was visible from IPO subscription level as was subscribed 7.95 times, which as per analysts is a good subscription level.

Carolyn Kay, a veteran financial services director and a former Future Fund board member, has been named the next chair of Rothschild Australia

Cost of living Updates Nov 1 LIVE: The cost of living is basically the amount of money one needs to survive in a given place - to cover one's most essential needs such as food, water, housing, taxes, cost of commute and healthcare, etc. The high rate of inflation has pushed up the cost of living across the globe, burning a hole in common man's pocket.

₹380 per share, 9.8% higher than the issue price of ₹346, and on the BSE, Blue Jet share price was listed at ₹359.90. Blue Jet Healthcare IPO opened on Wednesday, October 25, for subscription and closed on Friday, October 27.

L&T: Larsen & Toubro reported a net profit of ₹3,222 crore in the September 2023 quarter, higher by 45% as against ₹2,229 crore reported in the year-ago period, as per the results declared by the company on October 31. The company's revenue from operations during Q2FY24 came in ₹51,024 crore, marking a jump of 19% from ₹42,762 crore reported in the corresponding quarter of the previous fiscal. Bharti Airtel: Telecom major Bharti Airtel recorded a net profit of ₹1,341 crore in the second quarter of fiscal year 2023-24 (Q2FY24), which is 37% lower than the year ago.

BSE notice, “effective from Wednesday, November 1, 2023, the equity shares of Blue Jet Healthcare Limited shall be listed and admitted to dealings on the Exchange in the list of 'B' Group of Securities." Blue Jet Healthcare shares will list on BSE and NSE in a special pre-open session during Wednesday deals at around 9:45 am whereas Blue Jet Healthcare shares will become available for trade at 10:00 AM. Blue Jet IPO received decent response from investors across all categories.

By Chavi Mehta and Stephen Nellis

Finance Commission Chairman N K Singh on Tuesday said the health of rural development institutions, like panchayati raj, remain fragile with financial viability eluding them. Speaking at the '2nd Rohini Nayyar award for outstanding contribution to rural development by an individual 40 years or under', Singh said the ability of the institutions for projectisation and viability of technical assistance for project preparation remains mired in technical incompetence.

Blue Jet Healthcare IPO is finalised on Tuesday. Investors will get shares on a lottery basis and the whole process will be supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.