Healthcare Financial News

Foreign Portfolio Investors (FPIs) have bought Indian equities worth Rs 30,772 crore so far in July, continuing their shopping spree. The total investments by them stand at Rs 33,973 crore in 2024 so far. In June, the FPIs had bought Indian shares worth 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 too they were net buyers at Rs 1,539 crore and Rs 35,098 crore, respectively, after starting the year on a negative note in January, when they offloaded shares worth Rs 25,744 crore.

A widespread technology outage on Friday, seemingly linked to issues at global cybersecurity firm CrowdStrike and Microsoft, disrupted operations at airports, airlines, banks and even hospitals, including several in Canada.

The U.S. government says $325 million in federal funds will be available for solar and battery storage installations across Puerto Rico as the U.S. territory struggles with chronic power outages

StockGro, discussed the budget and its impact on common man with Ishaan Agarwal, Sandeep Yadav of NIT Allahabad and Devika Deevasan of IIT Madras. Read on to know how he decoded the budget for Young India. Q. Everyone thinks that the budget is all about taxes. How does it affect the common man?Ajay Lakhotia: Unlike the myth that the common man doesn’t get affected by budget, it actually really does affect a common man.

The $1.7 trillion private credit industry is set on transforming itself into the world’s new banks, and it’s putting on display an ever greater tolerance for the risks of lending to indebted companies.

Budget 2024: In the past few years, India's middle class taxpayers have routinely witnessed high pre-budget expectations turning into deep post-budget disappointment. This time, however, some analysts reckon that there appears to be a more realistic chance of budget sops for taxpayers because of the relatively weak mandate that Modi govt got, which apparently underlined the discontent among some key voter groups including the urban middle class. The interim budget tabled by FM Nirmala Sitharaman ahead of the 2024 general elections did not have any significant announcement on tax matters. There, however, were a few initiatives aimed at the common man in areas such as healthcare, housing and power. Here is a look at some of the important Interim Budget announcements in areas that have a direct bearing on the common man.

work-related stress and poor work-life balance, as per a report by digital healthcare platform MediBuddy and CII. The report, which was released on Friday, also highlighted that a massive number of job seekers consider employee wellness programmes crucial in their decision-making process. The report 'Mapping India's Corporate Health and Wellness Landscape' emphasised the importance of customised wellness programmes based on employee demographics and personalised prevention strategies. As per the report, 71 per cent of employees spend an average of 5 per cent of their annual income on out-of-pocket healthcare expenses.

Union Budget 2024: India, under PM Narendra Modi’s tenure, has seen a steady increase in healthcare allocation and spending. Even before the Covid-19 pandemic shut down the world, the government had highlighted healthcare as a priority sector. The allocation for health in the recently presented Interim Budget for 2024-25 was especially crucial as India approached the 2025 deadline set by the National Health Policy (NHP) 2017 to increase health expenditure to 2.5% of GDP.

Rs 1,000 crore, including a greenshoe option of Rs 200 crore. A greenshoe option is a provision that allows a fund to raise more capital than originally targeted if investor interest exceeds initial expectation.

Quant Mutual Fund has decreased its cash holding in June to 7.17% from 12.41% in May 2024. The fund house was sitting on a cash pile of around Rs 5,861 crore in June. The total equity AUM of the fund house was Rs 75,846 crore as of June 2024. It has around 21 equity mutual fund schemes. Of these, three had over Rs 500 crore cash in their portfolios. Quant Flexi Cap Fund had the highest cash allocation of Rs 867.93 crore in its portfolio in June against Rs 1,411 crore cash allocation in May. The total equity AUM of the flexi cap fund was around Rs 6,017.25 crore. Also Read | This defence MF gave over 100% return in a year. Worth a look ahead of Budget?

India's first overseas Jan Aushadi Kendra in Mauritius, testifying the «close» bilateral cooperation, especially in the key health sector. Jaishankar was in Mauritius on a two-day visit from June 16 to 17, one of the first countries he visited in his current term as External Affairs Minister. On Wednesday, he jointly inaugurated India's first overseas Jan Aushadi Kendra with Mauritian Prime Pravind Kumar Jugnauth, «testifying to the close cooperation between our countries, especially in the important sector of health,» the Ministry of External Affairs said in a statement. Jan Aushadhi Kendras have been set up to make affordable generic medicines available to all.

Max Healthcare Institute Ltd. slipped 0.55 per cent to Rs 915.35 in Thursday's trade. It hit a high of Rs 917.05 and low of Rs 893.5 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 749.95, while the 50-DMA was at Rs 860.55. 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.

health insurance companies. This single-window interface is expected to replace the current system which traditionally relied on manual paperwork and required a lot of effort from policyholders and the hospital.Under the new system, a common digital standard format will be used to file the claim irrespective of the insurance company. Moreover, NHCX will facilitate the exchange of health claim information between all stakeholders in a completely digital way.

This is part of a special series of articles by the country's foremost voices, ahead of Union Budget 2024, aiming to draw attention to the critical reforms that can help India in its journey to become a developed nation by 2047. As India marches closer to the status of a $4 trillion economy and the world’s fourth largest, a crucial question emerges: how do we equip ourselves for the road ahead? For India to wear the crown of a developed nation, we require 10x growth targeting the $40 trillion mark. It is not just growth, but other goals that need to be addressed.

NEW DELHI : Rakesh Bharti Mittal, vice-chairman of Bharti Enterprises Ltd, called for simplifying tax regimes for companies and individuals in the Union Budget 2024-25. In an interaction with Mint, he also sought financial support for micro, small and medium enterprises (MSMEs) and the healthcare sector in the budget to be presented to 23 July. He said the industry would be looking for a meaningful road map to advance the country towards becoming a developed nation by 2047 in the budget.

UnitedHealth topped second-quarter forecasts but remains cautious about the year as it continues to eat costs from a massive cyberattack and deal with rising medical expenses

Max Healthcare Institute Ltd. traded 1.04 per cent down at Rs 911.25 on Tuesday at around 01:54PM (IST), while the benchmark BSE Sensex advanced 63.64 points to 80728.5. As many as 5,930 shares changed hands on the counter with a total value of Rs 0.55 crore.

This is an AI-generated live blog and has not been edited by LiveMint staff. Nifty 50 Share Price Today Live Updates: The NIFTY Realty at (1.11%), NIFTY PSU Bank at (0.88%) & NIFTY Smallcap 250 at (0.61%) are currently the top performing sectors among the Sectoral Indices. While NIFTY IT at (-0.38%), NIFTY Healthcare at (-0.38%), NIFTY Pharma at (-0.24%) are currently the low performing sectors Nifty 50 Share Price Today Live Updates: The Nifty 50 opened at 24615.9 (0.12%) , 29.2 points higher than the previous closing.

This is an AI-generated live blog and has not been edited by LiveMint staff. Bank Nifty Share Price Today Live Updates: The NIFTY Realty at (1.13%), NIFTY PSU Bank at (0.92%) & NIFTY Smallcap 250 at (0.6%) are currently the top performing sectors among the Sectoral Indices. While NIFTY IT at (-0.36%), NIFTY Healthcare at (-0.36%), NIFTY Pharma at (-0.26%) are currently the low performing sectors Bank Nifty Share Price Today Live Updates: The Bank Nifty opened at 52466.7 (0.02%) , 10.8 points higher than the previous closing.

GenAI startups have become a focal point for companies and VCs, whose investments range from healthcare and finance to robotics. According to the Stanford report, private investment in GenAI has increased to $25.23 billion in 2023 from less than $5 billion in 2022. From top companies such as Google, Microsoft, Apple, Nvidia to Salesforce and AMD, no one wants to be left behind in the AI race.

Osaic is ramping up its ability to support advisors focused on retirement income planning as it introduces key upgrades to one of its successful planning platforms.