Healthcare Financial News

net profit to Rs 511 crore in Q2FY24 led by one-off US export opportunities. The drugmaker reported a net profit of Rs 422 crore in the corresponding period of the previous year. Revenue rose 11.6% YoY to Rs 2,708 in Q2FY24.

IKS Health announced the acquisition of AQuity Solutions as its wholly-owned subsidiary for $200 million, the company said in a media release. While IKS Health (Inventurus Knowledge Solutions Limited) provides administrative, clinical, and operational services in the healthcare domain, AQuity Solutions is tech-enabled clinical documentation, medical coding and revenue integrity solutions provider for the healthcare sector. «IKS Health’s market leadership in the ambulatory market will be coupled with AQuity’s market leadership in the acute care market to create an entity that enables clinicians and their enterprises to deliver better, safer, more efficient care across the continuum of care delivery,» the media release said. The combined company, which will operate as IKS Health, will likely have annual revenues of over $330 million with a global workforce of over 14,000 employees serving over 150,000 clinicians across hospitals, health systems, and specialty groups in the US, as per the claims made by the company. “US healthcare is in crisis, one that is deepening from all sides.

medical expenses. Reverse Mortgage Loan (RML) is a financial product that is meant explicitly for seniors so that they can monetise their homes while retaining their ownership during their lifetime. It is just the opposite of a home loan.

Cost of living Updates Oct 31 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.

Cost of living Updates Oct 31 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.

US Federal Reserve and the Bank of England will leave interest rates unchanged on Wednesday and Thursday, respectively. This week, investors will also keep a close eye on policy announcement from Japan’s central bank and China factory data. The US stocks rallied more than 1% on Monday ahead of jobs data and the Federal Reserve's two-day monetary policy meeting.

Pacific Equity Partners is primed to start 2024 in a big way, preparing to launch its seventh buyout fund – Fund VII – in what is expected to mark the biggest fundraising so far for Australia’s largest private equity firm, Street Talk has been told.

Crescent Capital Partners, the acquisitive Sydney-headquartered private equity firm is making another play in its favourite sector, this time diving into a local clinical trials business, Street Talk understands.

₹400 crore in the current fiscal year. While prioritizing positive cash flow, Practo will be achieving the target by the end of the year, Lal said. “We are on track.

Under the terms of this agreement, Zydus has granted Sun Pharma semi-exclusive rights to co-market the product in India. Sun Pharma will market the drug under the brand name RYTSTAT®.

Also Read: Blue Jet Healthcare IPO allotment: Check latest GMP, here's how to check allotment status The equity shares of Transteel Seating Technologies will be listed on NSE SME with a tentative listing date fixed on November 9. Transteel Seating Technologies IPO size is ₹49.98 crore which is a combination of fresh issue of 67.84 lakh equity shares aggregating to ₹47.49 crore and offer for sale (OFS) of 3.56 lakh shares aggregating to ₹2.49 crore. The IPO price band has been set at ₹67 to ₹70 per share.

Mumbai: Blackstone Group Inc. has acquired controlling interests in Care Hospitals and Kims Health in a multi-layered deal valued at $1 billion, marking the private equity giant's maiden foray into India's healthcare sector. The New York-based firm secured roughly a 75% stake in Care Hospitals from Evercare Health Fund, an arm of TPG, for around $700 million, said a persom familiar with the transaction, requesting anonymity.

(Reuters) — European shares recovered in early trading on Monday, boosted by healthcare stocks, as bond yields declined with investors assessing key inflation data.

By M. Sriram

Before FIRE Underestimating expenses Have a realistic understanding of expenses in retirement, including healthcare, housing and other costs. “Inflation levels, especially for critical illness and children’s education, have been scaling up over the past few years.

The old marketing and advertising sectors face a reckoning, says high-profile Australian advertising boss David Droga. A lot of the work “is shit”, “formulaic”, and adheres to what he describes as a “disruption model”.

To listen to Peter Orszag, the new CEO of Lazard, talk about the bank's results yesterday, you might assume that things are going well there. According to its presentation, Lazard wants to hire 10-15 managing directors 'net' every year. In an interview with Financial News, Orszag declared that these bankers will cover everything from technology to industrials, healthcare and energy and that Lazard will also be hiring for Germany, America, restructuring and its private capital business. 

By Gabrielle Tétrault-Farber

₹5,000 crore. This assumes that only 17% of all such deliveries are medically necessary, with the rest adding up to extra costs. It takes into account the costs of C-sections indicated in the National Sample Survey 75th round for 2017-18 (i.e., ₹16,475 higher than a natural childbirths in rural areas and ₹19,548 higher in urban settings).

The Nifty 50 index settled 1.01% higher at 19,047, while the S&P BSE Sensex rose 1.01% to close at 63,782. Here's how analysts read the market pulse: «On the weekly charts, we can observe that the Nifty has respected the support zone of 18800 – 18925 where multiple support parameters in the form of the 40 week average and a crucial Fibonacci retracement level was placed. Thus, going ahead the Nifty can consolidate within 18800 – 19200 before resuming the next leg of the fall.

A recent survey conducted by Sukoon Health has shed light on the perceptions, awareness, and experiences of mental health care in India. With 70% of respondents affirming the importance of diagnosing and treating mental health conditions, the findings signal a significant shift in societal attitudes towards mental well-being. This growing understanding, catalyzed by initiatives like Mental Health Awareness Month, underscores a collective recognition that mental health is as vital as physical health.