Healthcare Financial News

The Ministry of Health has made it possible for all NEET candidates – including those who scored as low as minus 40 marks – to be eligible for postgraduate seats. According to an update released by the government on Thursday afternoon, the qualifying percentile for post graduate courses has now been reduced to zero – down from 50 percentile and above. The National Eligibility Entrance Test (Postgraduate) – or NEET PG – is a qualifying and ranking examination in India, for students who wish to study various doctorate postgraduate and diploma courses, in government or private medical colleges in the country.

Ayushman Bharat beneficiary cards have been made in just four days since the launch of the Ayushman Bhav campaign, Union Health Secretary Sudhansh Pant said on Thursday. He further said that more than 20 lakh ABHA IDs have been generated while footfall of more than 20 lakh have been registered at the Ayushman Bharat-Health and Wellness Centres and Community Health Centres for availing free treatment and screening services, he said. The Ayushman Bhav campaign, launched on September 13 by President Droupadi Murmu, is a comprehensive nationwide healthcare initiative that aims to provide saturation coverage of healthcare services in every village and town in the country. It is being implemented during the 'Seva Pakhwada' (fortnight of service) which began on Prime Minister Narendra Modi's birthday on September 17 and will continue till October 2. The three components of the Ayushman Bhav campaign — Ayushman — Apke Dwar 3.0, Ayushman Melas at Health and Wellness Centres (HWC) and Community Health Clinics (CHC), and Ayushman Sabhas in every village and panchayat — will substantially expedite the access of healthcare services at grassroots level thereby ensuring building of a healthy nation. Through the Ayushman Apke Dwar 3.0 initiative, the government aims to provide Ayushman cards to remaining eligible beneficiaries enrolled under the PM-JAY scheme, ensuring that more individuals have access to essential health services. Ayushman Melas at HWCs and CHCs will facilitate the creation of ABHA IDs (Health IDs) and issuance of Ayushman Bharat cards.

Glenmark Pharmaceuticals will sell 75% stake in its subsidiary Glenmark Life Sciences to Nirma Limited, for Rs 5652 crore, at a price of INR 615 per share, stated a company press release. Glenmark Pharma will own 7.84% in GLS after the divestment.

L'Oreal on Thursday announced its entry into the Indian dermocosmetic market and said it has introduced L'Oreal Dermatological Beauty (LDB) in the country. LDB, a new division for the Indian market will bring products to dermatologists, patients, and consumers, a company statement said. It will start its journey in India with CeraVe, a leading dermatologist-recommended skincare brand in the US market.L'Oreal India Managing Director Aseem Kaushik said the entry is significant for India where the ratio of dermatologists to consumers is one of the lowest in the world (0.7 dermatologists for every 1,000 people). «We believe everyone deserves access to expert dermatological care and effective skincare solutions.

Alkem Laboratories Ltd. on Thursday said it will brand its active pharmaceutical ingredients (APIs) business as Alkem Activa.

Ferty9 Fertility Centre operates seven advanced facilities across Andhra Pradesh and Telangana, offering a comprehensive range of fertility services, including IVF, ICSI, IUI, and more. The union with CooperSurgical promises to revolutionize India’s fertility treatment landscape, bolstering success rates, mitigating errors, and fostering more live births through cutting-edge technology and global expertise.Ferty9’s dedication to excellence radiates through its world-class Embryology Lab.

doctors' strike, health chiefs are sounding the alarm over more than 100,000 NHS operations and appointments that have been postponed. This week's joint strike by consultants and junior doctors has caused significant disruption across the healthcare system.

bullish trend. On September 20, several midcap companies garnered attention by crossing their 20-Day SMA, hinting at potential positive developments. Let's explore the performance of these stocks.

Moon still have manual scavenging, Congress MP Karti Chidambaram said on Thursday as he participated in a debate on the success of Chandrayaan-3 mission, adding that it is important to maintain scientific temper in the country. The Congress MP said people often confuse between faith and spiritualism, and while spiritualism and science can be questioned, faith cannot be questioned. «It is very important we maintain scientific temper of India which has been showcased by ISRO,» he said. He also said it is «baffling» that while India is landing on the Moon, the country still has issues such as manual scavenging and potholes. «It is actually baffling...how can we as a nation are able to land in the unchartered part of the Moon and still have manual scavenging at the same time?» he said. «How can we be launching satellites for everybody else but can't manage roads in monsoon.

ALSO READ: NEET PG 2023: Health ministry reduces cut-off to zero across all categories Opposing the government's decision, Stalin wrote on X, "By reducing the NEET PG cut-off to 'zero', they are accepting that 'eligibility' in National 'Eligibility' Cum Entrance Test is meaningless. It's just about coaching centers and paying for the exam.

IPO listing date: Shares of Unihealth Consultancy Ltd listed on NSE SME at a premium on Thursday. On NSE SME, Unihealth Consultancy share price today was listed at ₹135 per share, 2.3% higher than the issue price of ₹132. Also Read: Meson Valves shares lists with a stellar 90% premium at ₹193.80 apiece on BSE SME Unihealth Consultancy IPO issue size was ₹56.55 crore.

pharmaceutical companies to implement revised Good Manufacturing Practices (GMP) to improve quality in the face of children said to have died from toxic cough syrup and eye drops that allegedly caused infections. The notification is likely this month, people in the know told ET.

Emami Group’s AMRI Hospitals for around ₹2,300 crore, a person in the know said. As part of the deal, Manipal will pick up an equity stake as well as assume a portion of AMRI’s debt. In FY23, AMRI reported revenue of about ₹1,000 crore, which will enhance Manipal’s revenues for the year, estimated at ₹4,500 crore, said the person seeking anonymity.

PTI. As per details, the candidates who appeared for the National Eligibility cum Entrance Test Postgraduate (NEET PG) 2023 exam will now be eligible to participate in the counseling process. "It is for the information to candidates that the qualifying percentile for PG Courses (Medical/ Dental) for NEET PG counseling 2023 has been reduced to 'zero' across all categories by MoHFW," said a notice issued by the Medical Counselling Committee (MCC), Directorate of Health Services, Government of India.

By Leroy Leo and Khushi Mandowara

Competition Commission of India (CCI) on Wednesday said it has approved the stake acquisition by Blackstone and TPG in Quality Care India Ltd (QCIL). QCIL is a multi-speciality healthcare provider, which operates a network of multi-speciality hospitals under the brand name 'CARE Hospitals' in several cities across the country. According to two separate releases, CCI said it has approved the acquisition of about 72.49 per cent and 24.16 per cent stake in Quality Care India Ltd by BCP Asia II and Centella Mauritius Holdings Ltd, respectively.

Uber Technologies will accept more payment options on its food delivery platform and roll out an artificial intelligence (AI)-powered assistant to help users find deals and explore different food options, the company said on Wednesday.Uber Eats will get a dedicated section to showcase promotional offers called «Sales Aisle». The new features are set to roll out this year or in 2024.

Manipal Hospitals said on Wednesday it has acquired an 84% stake in AMRI Hospitals in its bid to expand its presence in eastern India. Kolkata-based AMRI Hospitals is owned by FMCG-to-realty conglomerate Emami Group and comprises of over 1,200 beds, over 800 doctors and 5,000-plus healthcare professionals. «In an endeavour to focus on our core businesses, we have divested our majority stake in AMRI Hospitals,» Aditya Agarwal and Manish Goenka, directors, Emami Group, said in a statement. Emami will continue to hold a 15% stake in AMRI with the government of West Bengal holding a 1% stake in the firm. Hospitals in India have been buying each other at near record rates, with M&As totalling $4 billion in 2022 and $2.2 billion in the first five months of this year, Reuters reported in June. The private healthcare sector in India has seen a post-pandemic boom with global consultancy firm PwC projecting a 12-14% annual growth for India's private healthcare market, currently worth around $48 billion.

AMRI Hospitals Ltd. The acquisition fits into the growth strategy of Manipal Hospitals to have a larger footprint and expanded presence in eastern India as the largest hospital chain in that region, stated a company release. “Manipal Hospitals always had patrons from eastern India and countries in the region like Bangladesh. This acquisition is in sync with our objective to further strengthen our presence and serve the patients in Eastern India — an underserved area when it comes to healthcare," said Dr. Ranjan Pai, Chairman, Manipal Education and Medical Group (MEMG).

industrial growth, especially manufacturing growth continues to be tepid," the report said. The Indian economy grew at 7.8% in the first quarter of the current fiscal year on higher government and private capital expenditure, and strong services growth. “All these risks will continue to weigh and restrict India’s GDP growth to 6.2% in FY24 (FY23: 7.2%), and the quarterly GDP growth, which came in at 7.8% in 1QFY24, is slated to slow down sequentially in the remaining three quarters of FY24," said Sunil Kumar Sinha, Principal Economist, India Ratings and Research.

The strategy will aim to outperform the MSCI World Health Care index by at least 2% per annum over the course of a market cycle.