Healthcare Financial News

In a stock exchange notice today (2 September), PMGR confirmed it will not seek to adopt one of the four labels under SDR and, in light of the regulation, will change the wording in its investment subjective. The objective will no longer refer to «sustainable» infrastructure investments, but rather to «similar» infrastructure investments, the board noted. Impact Healthcare REIT to change name following introduction of SDR As a result, and with immediate effect, PMGR's investment objectives now plan «to achieve a high income from, and to realise long-term growth in the capital value...

Data from a Bank of Baroda report shows that the aggregate sales and net profit of 3,000 companies grew at 7.7% and 3.5%, respectively, on a year-on-year (y-o-y) basis. These numbers witnessed a growth rate of 2.3% and 37.1%, respectively, in the corresponding quarter of the previous year. Most of the growth has been contributed by the banking and financial services sector. The sector has benefitted from an uptick in business upcycle and registered a robust performance on all financial metrics. Excluding this, the sales growth of 2,539 companies softened to 5.2%, whereas the net profit registered a decline of 3.1%. “The continued drag on sales growth is alarming as it signals weak domestic demand,” the report states.

Ircon International, Deepak Fertilisers and Sapphire Foods among a host of other companies are likely to remain in focus next week as they are approaching their record dates for the purpose of dividend, bonus issues, rights issues and stock split. The record date is the date set by the company to decide the shareholders who are eligible to receive the offer. To be eligible for a buyback offer, bonus issue or a stock split, the shares should be in the demat account on the record date.

Investors (FPIs) were net buyers of Indian equities in August, purchasing shares worth Rs 7,320 crore. The total investments by them now stand at Rs 42,886 crore, so far in 2024. In July, FPIs bought domestic shares worth Rs 32,365 crore while in June, they were net buyers at Rs 26,565 crore after remaining net sellers in April and May when they sold equities worth Rs 8,671 crore and Rs 25,586 crore respectively. In February and March they were net buyers at Rs 1,539 crore and Rs 35,098 crore after starting the year on a negative note in January when they offloaded shares worth Rs 25,744 crore.

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₹2.5 lakh with some components sourced from the dump yard of our mechanical engineering department," Piyush Khanna, a robotics student at KIET, told Mint. In comparison, a polished and sophisticated robot like Sophia would cost anywhere upwards of ₹25 lakh. "Anushka is still being tested.

Breakout stocks to buy or sell: Following a rally in the US stock market, the Indian stock market ended higher for the tenth straight session on Wednesday. The Nifty 50 index climbed to a new peak of 25,129.60, finished 34 points, and closed at 25,052. The BSE Sensex added 73 points and closed at 81,785, whereas the Bank Nifty index ended 134 points lower at 51,143.

Cognizant TriZetto, a unit of Cognizant Technology Solutions, sued Infosys in a US court, accusing the Indian IT service firm of stealing trade secrets related to its healthcare insurance software. This was the latest of developments in the healthcare verticals of India-centric IT services firms that have grabbed headlines in recent months, for positive or negative reasons. In November last year, the US Supreme Court rejected Tata Consultancy Services' appeal against a District Court of Wisconsin verdict, charging $140 million in punitive damages in a case filed by Epic Systems. The US healthcare software company had accused TCS of stealing its intellectual property when the Indian firm was contracted to implement its software.

health insurers to bridge gap in coverage and expand their market reach. Moreover, with a working population ratio of nearly 56% as per the latest Annual Periodic Labour survey report, and comprising largely of Gen Y and Gen Z, there is a pressing need for health insurance solutions that are affordable, easily accessible and relevant for young customers. One of the key issues in the current market is the lack of visibility regarding the value proposition of health insurance, leaving many unsure of its immediate necessity.

Dr. Peramsetty’s untimely death has sent shockwaves through the community, particularly among those who knew him as a dedicated healthcare provider and philanthropist. The Crimson Care Network expressed their grief in a heartfelt statement, requesting privacy for Dr. Peramsetty’s family during this difficult time. «We have been informed of Dr. Ramesh Peramsetty's passing. The Peramsetty family asks for privacy as they grieve. They have received an outpouring of love and faith. We will continue to honor him as he would want us to do,» the team shared on Facebook. The network assured the community that they would uphold Dr. Peramsetty’s legacy, stating, “Our clinics will remain open during this transition, and we will continue to provide uninterrupted care.”

Ultratech, Paytm, HCL Tech, Gland Pharma, GPT Infra will be in focus due to various news developments. Sameera Agro And Infra Sameera Agro And Infra's board of directors on Monday approved the issue of bonus shares to the equity shareholders of the company in the ratio of 4:1.

TriZetto sued Indian tech company Infosys in Texas federal court on Friday, accusing Infosys of stealing trade secrets related to its healthcare insurance software. Cognizant said in the lawsuit that Infosys unlawfully extracted data from its databases and used it to build and market competing software. Spokespeople for Cognizant and Infosys did not immediately respond to requests for comment on the complaint.

Mint. For instance, investors in companies such as Lighthouse Learnings and Piramal Glass have discarded their stake sale plans due to valuation mismatches in the private markets, two people with direct knowledge of the matter said. KKR-backed Lighthouse Learnings (formerly EuroKids) earlier this year appointed investment banks JP Morgan and Avendus to look for a buyer for its 94% stake in the education company it acquired in 2019.

Axis Mutual Fund has announced the launch of Axis Consumption Fund, an open-ended equity scheme following the consumption theme. The new fund offer or NFO of the scheme will open for subscription on August 23 and will close on September 6. The scheme will reopen for continuous sale and repurchase within five business days from the date of allotment. The scheme will be benchmarked against Nifty India Consumption TRI. The fund will be managed by Hitesh Das, Shreyash Devalkar, and Krishnaa Narayan.

Supreme Court's suo motu case on the alleged rape and murder of a junior doctor in a state-run hospital in Kolkata. The Indian Medical Association (IMA) headquarters is also preparing the documents to appear before the task force formed by the court to formulate a protocol for ensuring safety and security of healthcare professionals. The alleged rape and murder of the junior doctor in the seminar hall of the West Bengal government-run RG Kar Medical College and Hospital triggered nationwide protests that have affected non-emergency services in several health facilities. «IMA will be filing an IA (interlocutory application) before the Honourable Supreme Court in the suo moto intervention case. IMA HQ is preparing the necessary documents to appear before the special task force,» an IMA communication to its officials, including those at its state and local branches, said.

financial stocks in the first fortnight of August and chose to raise exposure to defensives like healthcare, FMCG and consumer services. As against the total buying of Rs 11,646 crore in the previous fortnight, foreigners were net sellers to the tune of Rs 18,823 crore from 1-15 August.

insurance coverage. “Historically, only a small percentage of MSMEs provided healthcare benefits to their employees as most insurers required a minimum number of employees to extend insurance coverage,” says Yogesh Agarwal, Founder & CEO, Onsurity. “Offering comprehensive healthcare benefits is necessary to help businesses differentiate themselves in a competitive talent market.” Only 5-7% of small businesses provide health insurance coverage to their employees, say industry observers.

Parvovirus B19, which causes "slapped cheek" syndrome, has been more common recently, especially in children in the US. Following a noticeable spike in cases across Europe in the first few months of the year, the virus was said to be spreading. The number of infections among children aged five to nine has increased dramatically from 15% in 2022 to 40% by June 2024, prompting the CDC to issue a health alert last week. Adults who work closely with children in healthcare and educational environments are also more susceptible to illness, as per the reports of Metro.co.uk.

Indian Medical Association (IMA) on Wednesday wrote a letter to Union Health and Family Welfare Minister J P Nadda requesting an Act for the protection of healthcare professionals. «We demand that the draft bill 2019 incorporating the amendment clauses of the Epidemic Diseases Amendment Act, 2020 and the Code Grey Protocol of Kerala Government 'Prevention Management of Violence against Healthcare workers' be proclaimed as an ordinance to instill confidence into the minds of the Doctors of India,» read the letter by IMA.

Broach Lifecare Hospital listed on the BSE SME platform with a 90% premium on Wednesday. The stock debuted at Rs 47.5, compared to an issue price of Rs 25 per share. Ahead of the listing, the company’s shares had no gray market premium (GMP). The IPO, which was a fresh equity sale of 16.08 lakh shares, was oversubscribed by over 100 times at closing, driven by strong interest from retail investors.

companies that make air-conditioners. Leading firms such as PG Electroplast and Epack Durable reported more than 70% year-on-year growth in the June quarter. These companies design and make air-conditioners for famous brands such as Voltas, Blue Star and Samsung, apart from washing machines and electronic appliances.