Healthcare Financial News

Director General of Delhi Prisons Satish Golcha announced the grant of remission to more than 1,160 convicts. In addition, he revealed the prisons have installed 1,248 additional face recognition system-fitted CCTV cameras to enhance the safety of inmates in the prisons. According to a statement from Delhi Prisons, Tihar, Golcha announced the special remission for convicts on Thursday after hoisting the tricolour on the premises. A total of 1,160 eligible convicts were granted remission ranging from 15 to 25 days based on their conduct during their time in prison, it said.

“Marriage is a wonderful institution," Groucho Marx quipped, “but who wants to live in an institution?" His joke played on two kinds of set-ups, the latter referring to the one for mental healthcare. On a serious note, Douglass North defined institutions as “the humanly devised constraints that structure political, economic and social interactions." They comprise “both informal constraints (sanctions, taboos, customs, traditions and codes of conduct) and formal rules (constitutions, laws, property rights)." Samuel Huntington, famous for his discredited “clash of civilizations" thesis, held forth a definition based on particulars instead of universals: “Institutions are stable, valued, recurring patterns of behaviour.

Steward Health Care said it has reached an agreement to sell its nationwide physicians network to a private equity firm

Nifty ended near the flatline, while Sensex ended 150 points higher. Broad-based profit booking offset gains in information technology (IT) stocks after soft US producer price data signalled cooling inflation. The 30-share BSE benchmark Sensex surged 0.19% to settle at 79,105, while the broader NSE Nifty gained 4.75 points or 0.02% to end at 24,143.

Apollo Hospitals on Wednesday rose 4.2% to its day’s high of Rs 6864.95 on BSE after the company on Tuesday reported a net profit of Rs 305 crore for the first quarter ended June 2024 against Rs 167 crore in the year-ago period. The company’s revenue from operations in the reporting period increased 15% year-on-year (YoY) to Rs 5,086 crore as against Rs 4,418 crore in the last year quarter.

In the name of consumer protection, a slew of U.S. federal agencies are working to make it easier for Americans to click the unsubscribe button for unwanted memberships and recurring payment services

Apollo Hospitals on Tuesday reported a 83% year-on-year (YoY) jump in net profit to Rs 305 crore in Q1FY25, led by growth across hospital, diagnostics, specialty and pharmacies businesses. The company reported net profit of Rs 167 crore in the corresponding quarter of the previous year.

₹3,00,000 to ₹5,00,000 2. Bypass surgery: ₹2,50,000 to ₹7,50,000 3. Angioplasty: ₹2,00,000 and ₹6,50,000 4.

Krishnamurthy V Subramanian, Executive Director of the International Monetary Fund (IMF) said on Monday. In an interactive session during the launch of his book 'India @100' at Indian School of Business (ISB) here, Subramanian said becoming a USD 55 trillion economy by 2074 may appear audacious, but it is achievable. He also said India's private credit to GDP ratio was 58 per cent in 2020, six decades behind the advanced economies which are now at 200 per cent, though there is phenomenal work being done in terms of financial inclusion through schemes like 'Pradhan Mantri Jan-Dhan Yojana'. «So in other words...while this of course appears to be audacious, it is the power of compounding that makes it happen. As long as we are able to register 8% growth, we can actually become a $55 trillion economy,» the former chief economic advisor said when asked why he thinks India has the potential to be a USD 55 trillion economy by 2047.

British Columbia offers diverse pathways for immigration, each tailored to different types of applicants, including skilled workers, healthcare professionals, international graduates, and entrepreneurs. Here’s a deeper dive into each immigration stream and its specific requirements:

Stellantis is warning that it could lay off as many as 2,450 of the 3,700 union workers employed at a truck plant just outside of Detroit

Metropolis Healthcare on Saturday reported a 31.3% year-on-year (YoY) rise in net profit to Rs 38.1 crore in Q1FY25 let my volume increase and better patient realisations. The diagnostic chain reported Rs 29 crore net profit in the corresponding quarter of the previous year.

Fortis Healthcare is set to acquire the stake of private equity firms in its own diagnostics arm Agilus Diagnostics (formerly SRL), according to sources in the know. Jacob Ballas and International Finance Corporation (IFC), who along with Resurgence PE own around 34% stake in the diagnostics company, are selling their stake and exercising a put option. The deal will peg the valuation of Agilus at around ₹5,000 crore, the people cited earlier said.

Pharma India on Thursday said its net loss stood at Rs 12 crore for the first quarter ended June 30, 2024. The drug maker had reported a net profit of Rs 54 crore in the April-June quarter of last fiscal. Total income stood at Rs 396 crore for the June quarter against Rs 303 crore in the year-ago period, AstraZeneca Pharma India said in a regulatory filing.

In its half-year results today (8 August), the trust explained SDR restricts the use of certain sustainable terms in products accessible to retail investors, effective from December 2024. IHR added: «The word ‘Impact' is specifically proscribed unless the primary aim of the business is social impact, as measured by a high threshold of reporting requirements. „To avoid confusion and to comply with these new requirements, the company will change its name in the coming months and will provide further details in due course.“ 'Not easy but doable': The implications of adopting an SDR la...

Manish Gunwani, Head-Equity, Bandhan AMC, says while they own PSUs, they do not trust any single PSU too much, because the government has a habit of changing regulations periodically. So, they have a string of pearls in select PSUs, 1-1.5% kind of holdings. Gunwani says Bandhan AMC’s bigger overweights right now are healthcare, internet, and telecom on the defensive side and real estate, power, and capex-related stocks on the cyclical side. What do you make of the construct of the market? We had a scary fall on Monday and looks like a lot of collateral damage has already been done. Manish Gunwani: I would prefer to be a bit cautious. A lot of returns are being made in cyclical sectors and tactically it is because of valuations and the Indian rupee has also outperformed a lot. Also, given the election result, the policy focus is still to be seen. So, overall, in a bull market, there are periods where one needs to be tactically cautious. We will go through some consolidation. I do not expect any big drawdown because liquidity looks fine.

Max Healthcare Institute Ltd. traded 1.65 per cent down at Rs 848.45 on Wednesday at around 01:54PM (IST), while the benchmark BSE Sensex advanced 613.21 points to 79206.28. As many as 13,855 shares changed hands on the counter with a total value of Rs 1.18 crore.

Visit Health has raised approximately Rs 250 crore in a combination of capital infusion and secondary purchase of shares from Docprime Technologies, a wholly owned subsidiary of PB Fintech, as well as other promoters and employees. The New Delhi-based company will use the funds to expand its business, including a new partnership with TatvaCare, a company specialising in the health and wellness space, Visit Health said in a statement on Tuesday, adding that the collaboration will leverage capabilities of both companies and maximise their reach in the healthcare sector. “The company’s primary capital requirement was not much because we have been Ebitda positive for the past few years. The remaining acquisition of shares can only happen through secondary transactions, involving existing entities such as Docprime, promoters, and we did a good chunk of Esop buyback as well,” said Vaibhav Singh, cofounder and managing director of Visit Health.

Raymond James has extended its network in Ohio as it onboards a veteran advisor from Wells Fargo into its ranks.

Motherson Group is poised to enter the growing Apple supply chain network in India along with Hong Kong-based BIEL Crystal Manufactory, one of the world’s largest suppliers of glass for smartphones, said people with knowledge of the matter. This will make the Vivek Chaand Sehgal-led auto component maker the second large business group after Tata to become a vendor for Apple as part of Motherson’s plan to use its core manufacturing prowess to diversify into other segments. BIEL was established in 1989 by billionaire Yeung Kin-man in Shenzhen, China, to make watch crystals. The company says it’s one of the earliest manufacturers of glass screens for mobile devices, having begun in the early 2000s, when they were made mostly of plastic. By some estimates, BIEL currently produces glass screens for two of every three iPhones. The 51:49% alliance, the Indian company will have the majority stake, is planning to set up a greenfield manufacturing capacity in the south, most likely Tamil Nadu, with an estimated outlay of Rs 2,000-2,500 crore, said the people cited above. It aims to hit a turnover of Rs 8,000-8,500 crore in four-five years after operations start. The consumer electronics business is scheduled to come onstream in the July-September quarter.

J P Nadda on Monday urged state governments to spend more on improving healthcare infrastructure and dismissed opposition allegations on reduction of allocations under the PM-Ayushman Bharat Healthcare Infrastructure Mission (PM-ABHIM). Replying to the debate on the demand for grants for the health and family welfare ministry in the Lok Sabha, Nadda listed the increase in number of medical colleges, steps taken for the reduction of out of pocket expenses on healthcare and initiatives for early screening of diseases such as cancer and sickle cell anaemia as achievements of the government. «We don't believe in just making announcements. We believe in effective planning, ensuring last mile delivery, identifying bottlenecks in last mile delivery and taking steps to remove them,» the minister said. Nadda dared Trinamool Congress members, who were protesting, to tell the House why the West Bengal government had not shared the dengue registry with the Centre.