Healthcare Financial News

Subscribe to enjoy similar stories. Indian hospitals are likely to witness steady year-on-year (y-o-y) earnings growth in the December quarter (Q3FY25), even as sequential performance may be impacted owing to seasonality. Investors can expect hospitals to fare better than diagnostics companies.

Healthcare, technology, insurance, and consumer durables were among the sectors in focus.

ICICI Securities has an add call on Sagility India with a target price of Rs 55. The current market price of Sagility India Ltd. is Rs 48.95. Four-pronged go-to-market strategySagility India Management's four-pronged strategy includes: 1) Continued mining of top clients? e.g. several top clients continue to grow in double digit, thus, increasing wallet share, 2) investing heavily to increase penetration into mid and smaller segment payers as Blue Ocean, 3) investing in technology such as AI, full scale platform based solutions, solution-bundling, and 4) M&A to enable inorganic growth, especially focussing on capability-based or mid-market segment acquisitions.

Pfizer is looking to sell about 700 million ordinary shares in Haleon, its bookrunner J.P. Morgan said on Tuesday, lowering its stake in the British consumer healthcare company to about 7.3% from 15%.

corporate earnings growth in 1HFY25, the Indian market is poised for a recovery in 3QFY25. The previous quarters have seen slower growth, primarily due to weakness in sectors like metals, oil & gas, and cement. However, we anticipate a positive shift in the upcoming quarter, driven by strong performances in key sectors such as BFSI, capital goods, technology, healthcare, and real estate. These sectors are expected to lead the recovery and drive earnings growth.

P. Diddy and Luigi Mangione are both detained at Brooklyn's Metropolitan Detention Center. Even while incarcerated at the Metropolitan Detention Center in Brooklyn, New York, on human trafficking and racketeering charges, P Diddy was accused of having an ego bigger than life.

European shares were dragged lower by technology and healthcare stocks on Monday, as global equities faced pressure after U.S. jobs data reinforced bets the Federal Reserve will be cautious in cutting interest rates this year. The pan-European STOXX 600 was down 0.5% by 0812 GMT, extending its declines following a near 1% drop on Friday when data showed U.S. job growth unexpectedly accelerated in December while the unemployment rate fell to 4.1%.

Subscribe to enjoy similar stories. It’s a common feeling when looking at a job listing online: the title is perfect, the pay is right, and the company seems like a solid place to work. But you also wonder if that job is real.

BSE Sensex was the eighth best-performing global index in 2023, but slipped to 13th rank in 2024. The analysis is based on 22 world equity benchmarks that cover the US, Europe, Latin America and Asia. The data is sourced from Reuters-Refinitiv. The weak performance of corporate India in the September quarter, geopolitical factors, elevated valuations, strengthening of the US dollar index and substantial FPI outflows (in October and November) led to a jump in volatility in the fourth quarter of 2024. As the markets enter 2025, the volatility is unlikely to abate soon due to high US bond yields and a stronger USD index. These factors will keep the US markets attractive and prevent FPIs from sustained buying in emerging markets (EMs), including India.

Subscribe to enjoy similar stories. Bengaluru: Nobel Hygiene, a maker of diapers, maternity pads and other such products, is in talks to raise ₹150-200 crore in a funding round led by the investment arm of Neo Asset Management, three people familiar with the matter told Mint. The company plans to use the funds for expansion, one of them said, without providing more details on the valuation.

Subscribe to enjoy similar stories. Infosys Ltd has alleged that its former executive S Ravi Kumar deliberately delayed the rollout of its product rivalling Cognizant Technology Solutions Corp’s healthcare solution as he was in talks to join as the chief executive of the Nasdaq-listed firm. Infosys Ltd filed a complaint in a US court on Thursday, claiming that Kumar delayed Helix, Infosys’s healthcare claims processing software, by 18 months when he was negotiating a switch to Cognizant.

Subscribe to enjoy similar stories. Bengaluru: Notwithstanding some of last year’s tech disappointments, including the metaverse and Generative AI (GenAI), which fell short on scalability and returns, tech innovation continues at a scorching pace. GenAI is revolutionising content creation, while artificial intelligence (AI) agentic systems are advancing autonomous decision-making, reigniting debates around artificial general intelligence (AGI) and its ethical implications.

Suranjana Borthakur, Head — Distribution, Mirae Asset Investment Managers, says as a fund house, they are not very comfortable with too much sectoral play. They look at decadal themes and think the consumption theme is at a very sweet spot. The entire discretionary space is looking at a comeback, which is where they are positive on consumption as a theme. They are also positive on the banking financial theme as well as the healthcare theme. Every thematic segment may have a representation in the portfolio, but overloading any of the segments may not work well. Also, a 50% largecap and 50% in mid and smallcaps could be a good allocation to have in the long-term How should one read into the AMFI data? We are again seeing very healthy, record high SIP inflows. Suranjana Borthakur: It is very encouraging that in spite of market volatility, the SIP numbers have remained intact. In fact, they are reaching new highs of Rs 26,000 crore and above. It shows the confidence of the retail investor for a long-term wealth creation in India and despite the volatility, the conviction is very high.

Subscribe to enjoy similar stories. Advanced Micro Devices is investing $20 million in Absci, a drug-discovery company based in Washington state, in a move aimed at selling its artificial intelligence chips in the healthcare sector. The deal is structured as a private investment in a public equity and includes an equity stake in Absci.

Several large states in India held elections, and while some of the results were surprising, they provided more stability to the current government. The US presidential election saw a close race but produced a clear winner.

Indian pharmaceutical industry is aiming to more than double its size to USD 120-130 billion by 2030 as it looks to ride on the back of innovation to become the healthcare custodian of the world, Indian Pharmaceutical Alliance (IPA) president and Torrent Group chairman Samir Mehta said. In the last 25 years, the Indian pharma industry has grown nearly 20 times — a market size of USD 58 billion from USD 3 billion in 1999-2000, contributing equally to domestic sales and exports today. The sector is among the top five contributors to India's trade surplus, which has grown to USD 19.5 billion from merely USD 1 billion in 1999-2000.

shares slipped on Tuesday, pulling back after robust gains in the last session, as falling healthcare and financial stocks weighed while investors focussed on key inflation data across the continent due later in the day. Europe's premier index, the STOXX 600, was down 0.3% as of 0810 GMT after climbing to a more than two-week high on Monday following a report that suggested U.S. President-elect Donald Trump may opt for a less aggressive tariff strategy.

Justin Trudeau announced his resignation as party leader and Prime Minister on Monday, ending nearly a decade-long tenure marked by progressive reforms, global recognition, and increasing domestic criticism. New Democratic Party (NDP) leader Jagmeet Singh on Monday reacted to Canadian Prime Minister Justin Trudeau's announcement to step down from the position of Prime Minister and Liberal Party leader.

Malaysia and Singapore leaders have signed an agreement to create a special economic zone to attract global investment and ease the cross-border flow of goods and people

Quant Small Cap Fund, the largest fund managed by Quant Mutual Fund, reduced its stake in five stocks in December, including Mazagon Dock Shipbuilders, Aadhar Housing Finance, eClerx Services, India Shelter Finance Corporation, and Om Infra.