Healthcare Financial News

US government shutdown looming: What is it? Check which services will likely be suspended The US shutdown will impact several departments of the US government, including education, healthcare and law and order even though some highly essential government entities will continue to function. Some of the key economic data, including monthly unemployment figures and price reports, would be temporarily suspended in case of a shutdown, affecting market sentiment and possibly leading to investor uncertainty. Also Read: US economy shows resilience, but is soft landing a strong possibility? The impact of a US shutdown could be significant on its economy but is unlikely to trigger a knee-jerk reaction in the domestic market, experts say.

Mint delves deeper into the development. Yes. They have been saving less and borrowing more to spend.

CVC Capital Partners is exploring selling its controlling stake in Indian cancer hospital chain HealthCare Global Enterprises Ltd., according to people familiar with the matter. The private equity firm is looking to identify buyers for its 60.4% in the Mumbai-listed company, said the people, who asked not to be identified as the information is private. CVC’s stake is worth about $358 million, according to data compiled by Bloomberg.

At the launch of the world’s first gene therapy for haemophilia B in late 2022, there were tears.

₹55,000 crore over next three years, said a statement from REC. The Maharatna NBFC, REC, has diversified its portfolio towards infrastructure and logistics in FY23.

(Reuters) — The U.S. FDA is cracking down on lax testing practices by dozens of makers of healthcare products following hundreds of deaths overseas from contaminated cough syrups, a Reuters review of regulatory alerts found.

education, showing the growing appetite for upskilling to suit industry demands, finds a new survey. The survey of professionals from a diverse set of sectors in the country found that one in every two Indians are ready to fund further education for themselves, their children or their family within the upcoming 12 months. The Emeritus Global Workplace Skills Study 2023 from professional education Emeritus firm shows that education ranks high among Indians’ priorities even as the survey found two in three respondents admitting to spending their money cautiously focusing on essentials such as healthcare, medicine, groceries, etc., amid job layoffs and salary cuts globally. The trend of Indians spending on further education out of pocket stood out from most other parts of the world, where upskilling is being funded largely by organisations. The main motivations for Indian professionals to pursue further education included increased job security, a rise in self-confidence, developing leadership skills, and staying up-to-date with industry knowledge. The emphasis on continued learning in Indian society was also visible from the number of hours that professionals are investing into upskilling.

UTI AMC. Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here 1)The NFO starts on September 25, 2023 and closes on October 9, 2023.

Tata Steel: Moody's Investors Service upgraded Tata Steel's long-term issuer rating to Baa3, the lowest investment grade rating, citing the company's solid market position and expectation of an increase in profitability. The global rating agency also changed the outlook to "stable" from "positive". Moody's said the stable rating outlook reflects Tata Steel's strengthening credit metrics.

Check out the companies making headlines in midday trading.

India expect measured hiring rates over the next few months, according to Manpower Group’s employment outlook survey of 3,000 employees. The study reported a 37% net employment outlook (calculated by subtracting employers planning reductions versus those planning to hire) for the upcoming quarter. It showed that 49% of the companies anticipated an increase in hiring, 12% did not expect to hire, 34% would maintain the status quo and 5% were unsure of the outlook. This net hiring expectation in India was higher than the global average at 30%, and higher than the number in many countries. In the Asia-Pacific region, India and Singapore had the most positive hiring outlook for the upcoming quarter. Within the country, the highest net employment rates were in northern India followed by western India. In terms of sectors, the information technology sector — despite the news around layoffs, etc — continued to lead hiring expectations, said the analysis. This was followed by transport, logistics, automotive, healthcare, lifesciences, consumer goods and services industries.

Sectorally, buying was seen in realty, consumer durables, banks, and healthcare and selling in IT, capital goods and telecom space. Stocks that were in focus on Monday include names like Bajaj Finance, which closed with gains of over 4%; Tata Consumer Products that rose nearly 3% to hit a fresh all-time high; and Trent that closed with gains of over 4%. We have collated a list of these three stocks that either hit a fresh 52-week high, or all-time high or saw a volume or a price breakout. We spoke to analyst Ankit Choudhary on how one should look at these stocks the next trading day entirely from an educational point of view.Here’s what the Co-Founder of Financial Independence Services (SEBI Registered Investment Advisors, Registration Number — INA100008939) has to say:TATA Consumer Products Tata Consumer has given a huge breakout on daily, weekly, monthly and annual charts. On the annual charts, it is a Pole & Flag Pattern with an inside candle. So long-term investors can hold it for big targets of Rs 1200 if it closes above Rs 900 on Tuesday.

However, once our lungs get faulty or dysfunctional, this messes up our respiratory system. Which in turn impacts our ability to breathe in and out. Every year, September 25 is marked aside to observe World Lung Day. On this date, various non-governmental organisers and healthcare providers come together to spread awareness about the importance of lung health and how chronic lung diseases impact longevity as well as the quality of life.

SBI Focused Equity Fund, which has recently completed its 19 years of operations, has delivered multibagger returns to investors with a compounded annual growth rate (CAGR) of 18.91% since its inception. Accordingly, an investment of Rs 1 lakh during the NFO of the scheme would have grown to around Rs 26.88 lakh. The fund is an open-ended equity MF scheme that aims to generate long-term capital appreciation by investing in a concentrated portfolio of high-quality stocks allowing for in-depth research and active management to capitalize on growth opportunities. Investors with a long-term horizon and higher risk appetite can potentially benefit from the compounding of returns over time. An SIP in the scheme of over 10 years would have delivered a CAGR of 15.66% to investors vis-a-vis 15.3% of its benchmark (S&P BSE 500 TRI). If an investor had invested Rs 10,000 every month since inception, the investment of Rs 12 lakh would have swelled to Rs 26.93 lakh. Similarly, an SIP over a 15-year period would have delivered a CAGR of 17.42%.

Help Wanted: Join the government. Fight Big Pharma. Medicare is on a binge to fill some of the most closely watched and consequential new jobs in the federal government: drug-price negotiators.

Also Read: India ought to work far harder at being the world’s pharmacy The annual World Pharmacists Day campaign is orchestrated by the FIP, with the theme for each year being determined by the FIP Bureau. Notably, in 2020, FIP introduced World Pharmacy Week, expanding the festivities to encompass the entire pharmacy profession and inclusively recognizing all sectors within the field of pharmacy.

healthcare is the road map for a "healthy India". He said India has moved from a sectoral and segmented approach to health service delivery to a comprehensive need-based healthcare service and is now seen as a role model in crisis management and preventive healthcare. The minister of state in the Prime Minister's office was speaking at the launch of Jammu and Kashmir's first ever state-of-the-art cancer care facility affiliated to Tata Memorial Centre (TMC), Mumbai in the new block of Government Medical College Kathua. «India has taken a lead in the production of vaccines for the prevention of malignancies like cervavac — the country's first quadrivalent human papillomavirus vaccine to fight cervical cancer.

Sparsh Group of hospitals said it would create around 600 new jobs with its newest hospital slated to open by the end of the year in the city. The group will create an additional 1000 jobs with its Oncology-focused hospital which will open by December next year, group chairman Dr. Sharan Patil told ET. The group is also actively on the lookout for acquiring existing hospitals, he added. “With our current projects, we can acquire one hospital, but we are looking for the right fit, infrastructure and work culture-wise,” he said.

Sectorally, buying was seen in the public sector, telecom, auto, and capital goods, while selling was seen in healthcare, consumer durables, and realty stocks. Stocks that were in focus include names like Gujarat Ambuja, which rose 6%, Berger Paints closed with gains of more than 6% to hit a fresh 52-week high and Indian Bank, which closed with gains of about 4% to hit a fresh record high on Friday. We have collated a list of three stocks that either hit a fresh 52-week high, or all-time high or saw a volume or a price breakout. We spoke to an analyst on how one should look at these stocks the next trading day entirely from an educational point of view:Analyst: Sunil Gurjar, Founder Chartmojo, Author, CFTe, CMT Level 3Gujarat AmbujaThe stock has been forming a trend reversal pattern and looking good for an up move. The counter pattern breakout has happened with a good volume spurt which indicates big players are also making positions in the stock. The pattern breakout candle will act as a support zone on the way down, and on the way up one can see an upmove to 405 levels.Indian BankThe counter has been forming an uptrend continuation pattern and looks poised for an upside. The uptrend is also looking very strong and the same is also supported by great volume buildup.