Healthcare Financial News

Max Healthcare Institute Ltd. gained 1.78 per cent to Rs 964.4 in Tuesday's trade. It hit a high of Rs 966.4 and low of Rs 945.8 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 843.68, while the 50-DMA was at Rs 916.23. 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.

Manipal Health Enterprises’ Manipal Hospitals has acquired a five-storey hospital property in Mumbai's western suburb Andheri for Rs 415 crore. The hospital has been developed on a land parcel measuring 2.61 acres and has nearly 225,000 sq ft built up area across the building that encompasses a lower ground floor, ground floor and three upper floors. The transaction has been formalised through a deed of transfer between Manipal Health Enterprises and Khubchandani Properties & Investments, besides two other entities—Khoobchandani Hospitals and Perfect Realty.

Marengo Asia Healthcare is exploring a rights issue and the possibility of roping in an external investor as it looks to expand bed capacity to 3,000 by the end of 2026, a top executive told ET. The platform, which is backed by Samara Capital, Havells Family Investment Office and Godrej Family Investment Office, is in talks for the acquisition of two hospitals which have a combined capacity of 500 beds, said Abhishek Kabra, chairman of Marengo Asia Healthcare, and partner, Samara Capital. «The focus would be on building a differentiated and scalable business,» Kabra said in an interview, adding Marengo has the ability to take the bed capacity to 500-750 through internal accruals, additional debt and rights issues.

vaccine doses manufactured and distributed across the world in the last one year alone, half of them were manufactured in India, said Union Health Secretary Punya Salila Srivastava. She said this while addressing the annual India Leadership Summit 2024, organised by the US-India Strategic Partnership Forum here today. Punya said India has emerged as a global leader in pharmaceuticals, being the third-largest producer and a key supplier of generic medicines. This sector's success has resulted in substantial savings for healthcare systems worldwide, including a notable contribution to the US healthcare system.

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Garmin, fitness wearables and health tech company on Monday entered into a partnership with Apollo HealthAxis, a subsidiary of India’s largest hospital chain, Apollo Hospitals. The collaboration aims to revolutionize health monitoring and wellness solutions in India by integrating Garmin's cutting-edge fitness trackers with Apollo Health Plans, offering advanced health insights and personalized wellness programs to users across the country. The agreement, signed during the annual Garmin Health Summit in Prague.

Nifty earnings expected to grow marginally by 2% YoY in 2QFY25 (lowest in 17 quarters), domestic brokerage firm Motilal Oswal (MOFSL) has cut its FY25E Nifty EPS by 4% to Rs 1,072 while picking HDFC Bank, ICICI Bank and Bharti Airtel among 20 stocks as its top ideas. “We have reduced our FY25E and FY26E Nifty EPS estimates by 4%/3.6% to Rs 1,072 and Rs 1,269, respectively. Metals and O&G have driven 80% of the 4% cut in FY25E Nifty earnings. We estimate the Nifty EPS to grow 7%/18% in FY25/FY26,” said the domestic brokerage firm.

Subscribe to enjoy similar stories. One of the biggest simplifications in markets is to buy cyclical sectors when the economy’s booming, and defensives in a slowdown. It’s obvious—until you try to decide what’s cyclical and what’s defensive.

ICMR has signed a memorandum of understanding with the NTPC Vidyut Vyapar Nigam (NVVN) to promote sustainable energy in healthcare research, in line with Prime Minister Narendra Modi's vision of 'Aatmanirbhar Bharat', an official statement said on Friday. The partnership aims to equip Indian Council of Medical Research (ICMR) institutes across the country with solar power, supporting India's push towards renewable energy and sustainability, the statement issued by the Union health ministry said. Under the agreement, the NVVN will supply, install, test, commission and maintain rooftop solar panels at 15 ICMR institutes with a combined capacity of 4,559 KW. The project also includes a power purchase agreement (PPA) for grid-connected solar projects, offering a fixed solar tariff for the next 25 years to ensure long-term cost efficiency and sustainability for the ICMR's operations, the statement said.

Total nonfarm payrolls published by the US Bureau of Labor Statistics today (4 October) came in significantly above market expectations, with economists polled by Reuters expecting that figure to stand at 140,000. The figures for last month exceeded the upwardly-revised 159,000 jobs created in August and higher-than-average monthly gain of 203,000 in the last 12 months, according to the Bureau of Labor Statistics. The greatest increase took place in the food and drinking services sector, which saw jobs rise by 69,000 in September. Healthcare added 45,000 jobs last month, however be...

A Georgia judge on Monday struck down the state’s abortion law, which took effect in 2022 and effectively prohibited abortions beyond about six weeks of pregnancy.

Healthcare Providers (NABH) on Monday said around 100 hospitals across India have received digital health accreditation, which was developed to assess the digital maturity of Indian hospitals. A total of 300 hospitals have so far applied for the digital accreditation, implying a good response from the hospitals. “This initiative will streamline healthcare operations, ensuring that hospitals adhere to standardised, high-quality processes,” said Rizwan Koita, chairperson of NABH, speaking on the sidelines of CII Hospital Tech 2024 summit.

UST said on Monday that it is expanding its presence in India by adding over 3,000 new jobs at its upcoming Kochi campus in the next five years. The IT firm has set its target to have 6,000 employees, up from the current level of 2,800 in the next five years at its Kochi centre. The firm will inaugurate its second own campus in Kochi by December 2027, the company said in a statement. The company laid the foundation stone for the new Kochi campus that is coming up in a 9-acre land at Infopark Kochi Phase 2 and the new UST campus will be completed in three years. “When the Kochi campus goes on stream, it will become the second owned campus in India for UST after Thiruvananthapuram”, added the firm. While UST’s Trivandrum centre has about 7500 employees and is the largest centre globally, UST Bengaluru has over 6,500 employees. Across India, the IT firm has more than 20,000 employees.

This is part of a series of interviews with the winners of The Economic Times Startup Awards 2024. It was during Khet Singh Rajpurohit’s stint at a healthcare startup that he gained firsthand experience of the struggles of patients seeking to settle insurance claims. The cofounder of ClaimBuddy saw numerous cases where individuals had to extend their hospital stays or endure more stress, simply due to delayed or denied claims. During his second year at IIM Bangalore, Rajpurohit reached out to Ajit Patel, his former colleague who was leading insurance operations at the healthcare startup, and the two delved deeper into the complexities and inefficiencies in claim processing. Eventually, they envisioned a solution that would simplify the claims process for patients and healthcare providers alike.

The Resident has experienced a resurgence in popularity on Netflix, sparking speculation about the possibility of a revival.

NT-proBNP, a crucial biomarker for early heart failure detection, A study by Joshi of 1,054 patients in Mumbai found that 34 per cent of Type 2 Diabetes Mellitus (T2DM) patients are at increased risk of cardiovascular complications. «People with diabetes, especially in urban settings, are increasingly vulnerable to heart failure,» said Joshi who is an endocrinologist at Bhaktivedanta Hospital in Mumbai.

Healthcare costs in India are increasing at an annual rate of 14 per cent, the ACKO India Health Insurance Index 2024 shows. The report reveals how that double-digit inflation is causing the rise in healthcare expenses. The index revealed that 23 per cent of hospital costs are funded through borrowings, adding financial strain on families. With 62 percent of healthcare expenses paid out of pocket, the report emphasised the need for improved health coverage to protect individuals from unexpected health crises. The report identified Delhi as having the highest health insurance claims for kidney disease in India, followed by Kochi. «Delhi is the capital for kidney disease, followed by Kochi. Delhi NCR had the highest share of claims related to kidney health. Kochi, Secunderabad, Bengaluru & Jaipur's share of claims was above the National average,» the index report stated. It noted that the average age of patients with kidney issues is 47, and the largest bill filed for kidney-related problems reached Rs 24,73,894.

Manas Agrawal of Bernstein Societe Generale Group, says the last three days have been very volatile for PB Fintech. So, clarity on offline expansion front will be helpful. Bernstein has written a note where it talks about the key questions for the management. Essentially, what is the business plan? It is good for the consumer and probably good for hospitals and insurers and therefore good for Policybazaar, but then at what cost does all of this come up, that is the key question at this point in time in my mind. ET Now: Just going by the fact that the offline healthcare foray is something that PB Fintech has been looking at for the past many years in terms of this new foray, how are you looking at this backward integration with hospitals as to what it could potentially mean? Manas Agrawal: Media broke the story, and the company has not denied it. Yashish has spoken about it in the previous concalls as well. So, it seems like they want to do this. Now, how they go about doing this is the question, is it going to be capital intensive or it will be a partnership of sorts, it seems like that is the big question that is weighing on the stock because people bought into the story for PB Fintech for its strong growth, its capital light business model.

Netflix India has brought on board former Walmart Global Tech executive Sudeep Ralhan as head of talent. In his new role, Ralhan will lead talent strategy for India, with a focus on scaling the company's culture and organisational health, driving employee engagement and inclusion, and enabling business growth. Ralhan, who has worked with Upstox, Accenture and GSK Consumer Healthcare, is also a professional coach and advisor to growing companies. He has over 20 years of experience in building and scaling organisations, developing leaders and leading teams.

Subscribe to enjoy similar stories. India surpassed emerging markets peers to again solidify its status as a premier destination for foreign portfolio investors (FPIs), drawing consistent inflows despite bouts of turbulence and concerns over high valuations. Overseas buyers net invested $5.9 billion into domestic stocks this month alone so far, according to data from Bloomberg, attracted by the country’s economic fundamentals and beginning of the rate cut cycle in the US.

Krsnaa Diagnostics on Thursday said that it has acquired a 23.53% stake in Apulki Healthcare, that operates hospitals dedicated for cancer and cardiac care under public private partnership (PPP) mode. Pune-based Krsnaa didn't disclose the financial details of the acquisition, but said it would be funded through internal accruals over the next 2-3 months. As per the terms of the contract, the company will become the exclusive diagnostics partner for Apulkis cancer and cardiac hospitals for the next 30-plus years.