Healthcare Financial News

Centre of Excellence in Ayurveda for Diabetes and Metabolic Disorders at the Indian Institute of Science (IISc). The launch coincides with the ninth National Ayurveda Day, celebrated on 29 October, which this year carried the theme “Ayurveda Innovations for Global Health.” This year's theme emphasised the importance of integrating Ayurveda with modern science to address critical health issues like diabetes, IISc said in a media statement. One of the key highlights of National Ayurveda Day 2024 is the launch of six new Centres of Excellence in Ayurveda across India. These centres, established under the "Ayurswasthya Yojna" programme, will be led by institutions like IISc, IIT Delhi, Jawaharlal Nehru University Delhi, CSIR-Central Drug Research Institute, Lucknow, and so on. Backed by a grant of Rs 52.47 crore, these centres will spearhead cutting-edge research, education, and healthcare innovation in the field of Ayurveda, by providing scientific underpinning for traditional knowledge, the statement added.

CCI on Tuesday approved Fortis Healthcare's proposal to acquire an additional 31.52 per cent stake in Agilus Diagnostics. Multi-speciality hospital chain Fortis Healthcare Ltd (FHL) is engaged in providing integrated healthcare delivery services like medicare, healthcare and diagnostics. The diagnostics services business of FHL is being undertaken primarily through Agilus. «Commission approves the acquisition of additional 31.52 per cent share capital of Agilus Diagnostics Ltd by Fortis Healthcare Ltd,» according to a post by CCI on X.

mutual funds, all international, have offered negative returns in 2024 so far. During the mentioned period, around 208 sectoral and thematic funds existed. HSBC Brazil Fund lost the most of around 16.09% in 2024 so far. Mirae Asset Global Electric & Autonomous Vehicles ETFs FoF lost around 3.90% in the period.

Former US President Bill Clinton during his recent North Carolina campaign emphasized on the importance of focusing on issues regarding healthcare and economy, rather than focusing on the distractions posed by Republican Presidential nominee Donald Trump. According to Politico, Bill Clinton while giving his speech at the Black Megachurch, highlighted on the rising costs of prescription drugs and specially insulin and urged the US voters to prioritize these concerns during the upcoming US Presidential Elections. Politico reported that during the speech, Bill Clinton advised US Vice President Kamala Harris for adopting an inclusive approach based on US President Joe Biden’s achievements while appealing to a pretty broader audience. Bill Clinton also acknowledged the recent challenges which the Democratic Party is facing specifically in winning back blue collar voters who had a shift towards the Republican candidates. Also Read :Here’s how Elon Musk pledges $2 trillion tax savings if Trump is elected as US President

Subscribe to enjoy similar stories. Artificial intelligence (AI) holds transformative potential for numerous sectors. Yet, its deployment brings significant ethical, legal and societal challenges.

Subscribe to enjoy similar stories. Mergers in the healthcare sector aren’t just about business, they help deliver quality medical treatment to smaller towns, insists Alisha Moopen.

mortality risk. However, this technology is not yet a part of standard medical practice.

Motilal Oswal Mutual Fund has announced the launch of four index funds — Nifty MidSmall IT and Telecom Index Fund, Nifty MidSmall Financial Services Index Fund, Nifty MidSmall Healthcare Index Fund, Nifty MidSmall India Consumption Index Fund. The new fund offer or NFO of these four funds will open for subscription on October 29 and close on November 6. The schemes will reopen for continuous sale and repurchase on November 19. The minimum application amount for lumpsum and SIP investments is Rs 500 and in multiples of Re 1 thereafter in all four schemes. All the schemes will be managed by Swapnil Mayekar, Rakesh Shetty.

telemedicine, AI-driven diagnostics, and mobile health apps have made headlines, they address only part of the issue. The real obstacles lie much deeper. Infrastructure and human resources: the missing pieces The solution to India's vast healthcare gap lies not solely in technology but in a broader, more human-centric approach. «Healthcare innovation is not just about technology; it's about creating solutions that serve the most vulnerable and underserved populations,» leading healthcare industrialist and philanthropist Prakash Hinduja said.

The unions representing more than 7,000 CVS workers in Southern California have reached a tentative agreement on a contract

Max Healthcare Institute Ltd. slipped 1.15 per cent to Rs 903.75 in Thursday's trade. It hit a high of Rs 913.45 and low of Rs 889.0 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 852.12, while the 50-DMA was at Rs 925.36. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

US elections are just inches away now and with it, the hopes and aspirations of the middle class are also in major consideration. According to John F. Pace, a seasoned CPA with over 40 years of experience, a second Trump term would likely impact the middle class through tax policy changes. During Trump's first term, the Tax Cuts and Jobs Act (TCJA) of 2017 offered limited benefits to middle-income earners, while providing more extensive benefits to the wealthy and corporations. Pace warns that similar policies in the future could result in minimal tax relief for the middle class, leading to larger budget deficits and potentially paving the way for future tax increases or cuts in essential services. The nonpartisan Brookings Institute has also weighed in on the impact of the TCJA, stating that the law does not help the middle class in the least bit. The institute's distributional analysis found that the benefits of the law are slightly biased towards the high income earners, both in the short and long term. By 2027, the benefits of the tax law are expected to flow entirely to the rich.

Subscribe to enjoy similar stories. Information technology companies Persistent Systems Ltd and Coforge Ltd, the latest entrants to the $1 billion club, reported revenue growth for the three months ended September on the back of business from clients in the Americas, which accounted for most of their incremental income. While both companies deploy different strategies as they chase the next $1 billion, a commonality of their growth so far has been stability at the top.

Even Healthcare, which provides facilities such as consultation and hospitalisation to its members, has raised $30 million (about Rs 252 crore) in funding led by Silicon Valley-based Khosla Ventures. The round saw participation from other US-based investors such as Founders Fund, 8VC and Lachy Groom. The funds will be used to launch hospital operations in Bengaluru and scale up patient care and recourse processes. This round brings the company’s funding till date to $50 million.

Subscribe to enjoy similar stories. Thiruvananthapuram/Chennai: After decades of planning and years of delay, the Vizhinjam International Transhipment Deepwater Multipurpose Seaport, India’s deepest natural port and its only container transshipment hub, located 25 kilometres from Kerala’s capital Thiruvananthapuram, is ready for operation. Developed by Adani Ports and Logistics, the port’s trial run began in July this year.

Subscribe to enjoy similar stories. For Sonia Mathur, 33, an IT professional from Delhi, the idea of preserving her fertility for the future seemed empowering on the surface, but the reality was anything but straightforward. “From the moment the doctor laid out the process—hormone injections, egg retrieval, the possibility that it might not even work—there was a knot in my stomach and questions milling in my mind.

Subscribe to enjoy similar stories. Most urban Indians look down upon electoral promises of free goods and services, or “freebies", but that does not stop them from wanting some amenities for free (health and education) or at subsidized rates (gas cylinders and electricity), especially among those higher up the income ladder. That’s a key finding from the latest round of the YouGov-Mint-CPR Millennial Survey, held in July against the backdrop of a trend of election campaigns focusing on the freebies culture in politics.

Surge, Peak XV’s programme for early-stage startups, has selected 14 startups for its tenth cohort, focusing on artificial intelligence (AI), financial services, consumer sectors and healthcare. Rajan Anandan, managing director of Peak XV, told ET that this is Surge’s most broad-based cohort, both geographically and across sectors. This also marks Surge’s second cohort since Peak XV Partners was formed following the split from Sequoia Capital.

More than 2,400 Kaiser Permanente psychologists, therapists, social workers and other mental health workers in Southern California have begun an open-ended strike over increased workloads and staffing shortages

doctors in West Bengal have ended their 16-day hunger strike after a nearly two-hour meeting with Chief Minister Mamata Banerjee on Monday. The discussions focused on various demands from the medical community, particularly addressing the «threat culture» prevalent in hospitals following the tragic rape and murder of a doctor at RG Kar Hospital in August. During the meeting, streamed live from the state secretariat, Banerjee encouraged the doctors to conclude their fast, stating that most of their demands had been addressed, while rejecting the call to remove the state health secretary. While both sides acknowledged the existence of a threat culture, they disagreed on its causes and implications. Banerjee highlighted concerns about the suspension of junior doctors at RG Kar Hospital, questioning the authority of college officials to act without informing the state government. She asserted, «How can these students or resident doctors be suspended just on the basis of complaints?»

Sanofi Consumer Healthcare India Ltd for an aggregate of up to Rs 2,983 crore. The development follows Sanofi and Clayton, Dubilier & Rice (CD&R) entering into exclusive negotiations whereby CD&R Group has agreed to acquire a controlling stake in Opella, which holds a 60.4% stake in Sanofi Consumer Healthcare India. The offer is made at a price of Rs 4,982.05 per share, aggregating to a total consideration of up to Rs 2,983.23 crore, according to the offer letter by Citigroup Global Markets India, the manager of the transaction, shared on BSE by Sanofi Consumer Healthcare India.