Healthcare Financial News

anxiety could face double the risk of developing Parkinson's disease compared to their calmer counterparts. Parkinson's, as many know, is becoming increasingly common globally, with projections showing it could affect a staggering 14.2 million people by 2040, thanks to longer lifespans. So, maybe it's worth paying attention to those nerves and keeping tabs on your mental health as you age. The study confirmed that people with anxiety are at higher risk for developing Parkinson’s Disease (PD), with depression, sleep disturbance, fatigue, cognitive impairment, hypotension, tremor, rigidity, balance impairment, and constipation also identified as risk factors.

Kotak Institutional Equities and Motilal Oswal Financial Services (MOFSL). While Kotak sees Nifty universe to report flat (0.6%) earnings on a YoY basis, MOFSL estimates a 4% uptick in the net profit for the reporting quarter.

Union Budget 2024 that is set to be presented on July 23, the Centre is mulling over the idea of doubling the beneficiary base under its flagship Ayushman Bharat health insurance scheme over the next three years, with all those aged above 70 years to be brought under its ambit, to begin with, and also increase the insurance coverage to Rs 10 lakh per year. These proposals or some parts of it are expected to be announced in the Union Budget. In the interim Budget, the government increased the allocation for the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY), which provides health cover of Rs 5 lakh per family per year for secondary and tertiary care hospitalization to 12 crore families, to Rs 7,200 crore while Rs 646 crore was assigned for the Ayushman Bharat Health Infrastructure Mission (PM-ABHIM).

Godrej Enterprises Group (GEG) — comprising the unlisted Godrej & Boyce and several closely held affiliates — is understood to be working on a strategic plan with the Boston Consulting Group to create integrated and scalable consumer and industrial solutions businesses. GEG aims to tap into synergies offered by business adjacencies to accelerate its growth after a recent realignment of revenue streams and companies in the century-old Godrej Group.

The BSE Sensex hit 80,000 intraday on Wednesday before ending below that mark.It rose 62.87 points, or 0.08%, to end at 80,049.67, having risen to an intraday record of 80,392.64 on Thursday. The NSE Nifty rose 15.65 points or 0.06% to close at 24,302.15, after hitting a lifeti me high of 24,401 during the day.

NEW DELHI: Opening a bank account is a cakewalk for most of us. Bank executives happily come to our doorsteps for the paperwork. However, it is not the same for parents of specially abled children.

AstraZeneca India Private Limited (AZIPL), the global capability centre (GCC) of British-Swedish drugmaker AstraZeneca, announced an investment of Rs 250 crore ($30 million) to expand its Global Innovation and Technology Centre (GITC) in Chennai. The expansion includes adding close to 1,300 job roles focused on driving innovation, enhancing efficiency, and streamlining operations across the company globally. The facility currently occupies 334,000 square feet of office space at Ramanujan IT City, with plans to add approximately 180,000 square feet over the next six months to accommodate this expansion, creating AstraZeneca’s biggest global capability centre.

market capitalisation of BSE-listed firms hit a record high of Rs 447.30 lakh crore on Thursday with the benchmark Sensex closing at a fresh all-time high level. The 30-share BSE Sensex scaled an intraday record high of 80,392.64 in early trade. The index pared most of the gains later due to volatility and profit-taking by investors and settled 62.87 points or 0.08 per cent higher at 80,049.67. The market capitalisation (mcap) of BSE-listed firms hit a record peak of Rs 4,47,30,452.99 crore (USD 5.36 trillion).

Overseas investors purchased nearly ₹9,200 crore of banking and financial services stocks in June after selling shares worth ₹8,583 crore in May. The sector, which accounts for more than a third of the Nifty 50 weighting, had received inflows worth ₹52,900 crore in 2023. Foreign investors were buyers of Indian equities worth ₹34,027 across 17 sectors between June 16 and 30, National Securities Depository (NSDL) data showed.

Mint spoke with industry experts for their recommendations on what Sitharaman, in her second term as India's finance minister, could include in her full-year budget for FY25 next month.The Union government in its interim budget allocated ₹90,171 crore to the health sector for the financial year 2024-25, up from ₹79,221 crore in FY24. But the industry still feels this is low.“The National Health Policy has proposed an increase in public expenditure on healthcare to 2.5% of GDP by 2025.

Nearly 40 per cent of recent immigrants to Canada are considering moving to another province or leaving the country altogether due to a lack of housing affordability, a recent poll conducted by the Angus Reid Institute suggests.

healthcare startup Cloudphysician said it has appointed Mandar Vaidya as its India chief executive officer from June. Bengaluru-based Cloudphysician is a full-stack tech and operations company that partners with hospitals to manage patients in their intensive care unit and emergency departments.

Investments in artificial intelligence (AI) startups surged to $24 billion from April to June, more than doubling from the previous quarter, according to data from Crunchbase, highlighting the growing appetite for the new technology. Overall startup funding grew 16% sequentially to touch $79 billion in the last quarter, primarily driven by investments in AI, which became the largest sector for the first time, followed by healthcare and biotech.

Canada is a highly preferred migration destination worldwide, according to recent data. The North American country has become the world's most sought-after immigration destination after more than 1.5 million people looked for information on moving there online in the last year. The stunning scenery and good standard of living in Canada are major factors in this fascination, as per the reports in The New York Post.

Indian Pharmacopoeia Commission (IPC) has issued a drug safety alert on commonly used drugs amlodipine and acetazolamide, saying both these medicines cause adverse reactions. Amlodipine — used for treatment of fatal coronary heart disease and non-fatal myocardial infarction and to reduce the risk of stroke — causes lichenoid keratosis, an inflammatory reaction, IPC said. According to IPC, amlodipine is also used to reduce the risk of coronary revascularisation procedures and need for hospitalisation due to angina in patients with coronary artery disease. The medicine is used alone or in combination with other medications.

Mint had reported in May this year. Temasek Holdings, TPG, Bain Capital and VPS Healthcare (now Burjeel Holdings) are in the fray for CVC's 60.4% stake. “Amit Soni is likely to leave by the end of the year," the second person cited above added.

Nifty 50 and Sensex logged all-time closing high levels on Tuesday as car maker Maruti Suzuki and consumer stocks helped the benchmarks continue their post-election rally. A strong macroeconomic growth outlook and steady return of foreign inflows continued to aid sentiment. The 30-share BSE benchmark Sensex advanced 391 points or 0.49% to settle at 80,352. The broader NSE Nifty gained 113 points or 0.46% to end at 24,433.

Kiren Rijiju today announced that the Budget Session of the Parliament will commence on and continue till August 22.

Did anyone else notice Beau Bohm, Deutsche Bank's former Americas co-head of equity capital markets, join Cantor Fitzgerald as global co-head of ECM? Sources tell us that it's been discussed in the market for the past week and Bohm has updated his LinkedIn profile to reflect his new role, but as far as we can discern Cantor hasn't made a fanfare about its big hire. 

investor responses and delivering significant returns following substantial listing gains. About 38 IPOs have taken place so far in 2024 with an average listing gain of 25% and average returns after debuting at 49% till date. Four stocks — Jyoti CNC Automation, Exicom Tele-Systems, JNK India and TBO Tek — have delivered returns of 100-300% over the offer price. Eight — including Bharti Hexacom, Le Travenues Technology, BLS E-Services, DEE Development Engineers and Vibhor Steel Tubes — rallied between 57% and 92%. Another 18 gained between 8% and 44%, with only eight stocks trading below their offer price.

Samantha Ruth Prabhu has invited the ire of the medical community on X. The 'Ye Maaya Chesave' star recently recommended her fans try the hydrogen peroxide inhalation protocol if they have come down with a viral fever. However, this medical advice was met with fierce opposition by a hepatologist called Dr Cyriac Abby Philips. Philips, who goes by the moniker ‘The Liver Doctor’ on X, slammed the 'Yasoda' actress and called her a “health and science illiterate”. “Influential Indian actress Ms. Samantha Ruth Prabhu, who is, unfortunately, a health and science illiterate, advises millions of her followers to inhale hydrogen peroxide to prevent and treat respiratory viral infections,” he tweeted. The doctor also added that inhaling this substance can cause serious health issues.