Healthcare Financial News

A $200 million injection of growth equity is already driving acquisitions for a tech-enabled financial services firm that focuses exclusively on the needs of medical professionals.

JM Financial has initiated coverage on hospital stocks Fortis Healthcare, Max Healthcare and GPT Healthcare, as it sees an upside potential of up to 48.5%. The domestic brokerage firm has buy rating on Fortis and GPT with a target price of Rs 595 and Rs 245 respectively, while it has a hold rating on Max Healthcare with a target price of Rs 840.

health insurance policy in India was due for renewal. Assuming it wouldn't be necessary since she was moving abroad, she didn't renew it. However, a few months later, during a visit to her parents' home in India, Asha experienced diarrhea due to the change in location and diet.

NEW DELHI : Insurance approval delays during hospital admissions and discharges have long been a bane for patients, primarily due to fragmented front-end systems and manual intervention at hospitals. Imagine a unified platform where all hospitals, insurance companies, and stakeholders come together to digitize and streamline this process. Enter the National Health Claims Exchange (NHCX), an initiative developed by the National Health Authority (NHA), the Union health ministry, and the Insurance Regulatory and Development Authority of India (Irdai).

Companies like CDSL, IDBI Bank, IDFC, and Nestle India, among others, have declared dividends for eligible shareholders, with the record date set as July 16. Today is the last day to buy shares of these companies to qualify for the announced dividends.

Aveek Mitra of Aveksat Financial Advisory, says they always try to predict what is going to happen for the next quarter, two quarters, or three quarters as per what the management guidance gives or their understanding. Aveksat does not want to invest anywhere they do not expect at least 25% growth in earnings, as otherwise, it is very difficult to generate alpha at a portfolio level.

price and indicator divergence or reversal, leading analysts to expect the Nifty’s gradual upward move to extend to 24,780, followed by 24,965 in the coming weeks. Analysts predict strong performance from stocks such as ITC, HUL, HCLTech, ONGC, Gail, Reliance, SBI, HDFC Life, Crompton Greaves, Vedanta, Indraprastha Gas, BPCL, Dalmia Bharat, Zee, Gujarat Industries Power, Entero Healthcare, and Naukri. PRITESH MEHTA, ANALYST, YES SECURITIES

debt financing to inclusive financial institutions and social enterprises, has disbursed Rs 5,019 crore to 140 enterprises in 2023-24, according to a company statement. Besides, the company has provided Rs 4,001 crore in debt funding in partnership with 8,700 enterprises during the year, Caspian Debt said in a statement. The company provides debt finance to sectors like food and agriculture, clean technologies, financial inclusion, healthcare, education, and water and sanitation through our portfolio companies, it said. These companies contribute to various SDGs in unique ways — some through cutting-edge technology, others by blending tech with traditional methods, it said.

India should not just participate but steer the ongoing AI revolution, and mobilise the powerful technology to bring the nation to the forefront of the global stage, the country's G20 Sherpa Amitabh Kant said on Thursday. «We're truly in a unique moment with the ongoing AI revolution. Its relentless advancing capabilities across the board, its increasing adoption by citizens, and most importantly, its potential to redefine the very fabric of industry and society marks this as a transformative era,» the former NITI Aayog CEO said at the Global IndiaAI Summit here. Citing industry body nasscom, Kant said 70 per cent of Indian startups prioritise AI to drive their growth, thus underscoring the critical role of AI in the startup ecosystem. «India proudly holds the position of having the second highest number of GitHub AI projects globally, accounting for 19 per cent of worldwide AI projects. this demonstrates a vibrant and active engagement in AI development on an international scale.

A recent poll by the University of Michigan National Poll on Healthy Aging highlights significant financial stress among older adults, particularly those in poor physical or mental health.

Marico Ltd.(up 4.22%), Jyothy Labs Ltd.(up 4.13%), Godrej Consumer Products Ltd.(up 3.80%), Emami Ltd.(up 3.50%), Bajaj Consumer Care Ltd.(up 2.85%), Dabur India Ltd.(up 2.81%), Gillette India Ltd.(up 2.59%), Adani Wilmar Ltd.(up 1.93%), Hindustan Unilever Ltd.(up 1.58%) and Procter & Gamble Hygiene & Healthcare Ltd.(up 1.37%) stood among the top gainers.

Much of north India has witnessed an intense heatwave in recent weeks, with several heatstroke-related deaths being reported. Monsoon rains could not have arrived any sooner. The effects of air pollution and climate change on human health are profound and increasingly palpable.

Singapore investor Temasek expects India's growth to remain firm over the next two years, driven by infrastructure-led capital expenditure, and a recovery in private consumption.Temasek on Tuesday reported an SGD 7 billion rise in its Net Portfolio Value (NPV) to SGD 389 billion for the financial year ended March 31, 2024, mainly driven by gains to the US and India investments. India has continued to see strong economic momentum alongside improving macro and political stability, the company said in a statement.

thematic funds is an equity mutual fund category that received the highest inflows of ₹70,000 crore in the past year. It is now the second-largest category in the equity mutual fund space after flexicap funds. What are Thematic Funds? Thematic funds are a category of MFs that invest at least 80% of their total assets in stocks of a particular theme. Some of the popular themes with investors and launched by fund houses in the recent past are manufacturing, real estate, tourism, energy and automotive, BFSI, and PSU funds. For example, the manufacturing fund is a thematic fund that predominantly invests in a diversified portfolio of sectors like auto and auto ancillaries, capital goods, healthcare, chemicals, oil and gas and consumable fuels.

₹5 lakh, ₹25 lakh, ₹1 crore, and more. However, there is no capping on the amount under unlimited sum insured plans.

₹50,000 for individuals, their spouses, and dependent children, and increasing the limit to ₹1 lakh for senior citizen parents. Additionally, the industry is pushing for tax exemptions on Health Savings Accounts (HSAs). This reform would enable individuals to allocate more resources towards future healthcare expenses, promoting a proactive approach to health and wellness planning."Simmardeep S Gill, MD & CEO, Sterling Hospitals, said, "The upcoming union budget is expected to bring important changes to the healthcare sector, addressing key needs and improving services.

Wholesale prices in the United States rose by a larger-than-expected 2.6% last month from a year earlier, a sign that some inflation pressures remain elevated

Abu Dhabi has been named in honour of Dr George Matthew, a UAE citizen of Indian origin, in recognition of his remarkable contributions to the emirate's healthcare sector over nearly 60 years, as reported by Khaleej Times. Dr Matthew, now 84 years old, first arrived in the UAE in 1967 as a 26-year-old, long before the country's unification. Over the past six decades, he has played a pivotal role in shaping Abu Dhabi's healthcare system, witnessing its transformation from its early days to its current state. Notably, he was the first doctor to work in a government hospital in Al Ain, leaving a lasting impact on the country's medical landscape, as reported by Khaleej Times.

₹500-600 every day. The situation is worse for those who come from marginalized communities. Ajay Kumar Gautam, a researcher, in his work, ‘Unveiling Layers of Struggle: Caste, Gender, and Precarity Among Indian Street Vendors,’ reveals caste discrimination among street vendors.

A recent report from the TIAA Institute reveals that one out of three healthcare employees, including doctors, surgeons, and registered nurses, lack confidence in their retirement savings.

Budget 2024 Expectations Live Updates: Prime Minister Narendra Modi is scheduled to meet with distinguished economists on Thursday to gather their perspectives and recommendations for the upcoming fiscal year. This meeting, which will also include Niti Aayog Vice Chairman Suman Bery and other key members, aims to influence the first major economic policy of Modi’s third term.