Healthcare Financial News

Union Budget 2024 likely to be tabled in Parliament by third week of JulyAdditionally, a meeting of the Goods and Services Tax (GST) Council, chaired by Union Finance Minister Nirmala Sitharaman, is scheduled for June 22 in the national capital. This will be the Council's first meeting since their last gathering in October 2023.“We expect the new Finance Minister to focus on key areas that will help SME to strengthen enterprise security - Protect MSMEs from external risks such as cybersecurity threats, economic shocks, and supply chain disruptions.

NEW DELHI:The union health ministry has set several deadlines for timely implementation of healthcare initiatives.These include an effective drug delivery supply chain management system at primary heathcare level by the end of this year, and National Quality Assurance Standards (NQAS) certification for at least 50% of public health facilities by December 2024 and 100% compliance by 2026.This follows a discussion held during the third National Conference of Chief Secretarieslast December on the theme of ‘promoting ease of living’.As part of the plan, the health ministry has identified several action points for its timely implementation.The Centre has directed states/UTs to complete Ayushman cards for the remaining 200 million beneficiariesby 31 December. Directives have also been issued for enhanced use of IT (information technology) to ensure availability of health professionals at the health facilities.Also Read: Centre extends scheme by another year to digitize patients' health record“Conduct mock drill to ensure preparedness and efficiency, for outbreak such as covid.

₹2,650, sees an upside potential of 20 per cent.“Accordingly, we expect a 16% earnings CAGR for MANKIND over FY24-27. Considering its strong brand visibility, sustainable earning growth and superior return ratios, we value MANKIND at 40x12M forward earnings (30% premium to the Healthcare sector PE) to arrive at a TP of INR 2,650," the firm said in its note.Also read: Ambuja Cements' acquisition of Penna Cement for ₹10,422 crore raises Adani's cement market share by 8%Considering the company's broadened product range across key therapies, a growing focus on chronic treatments, expansion of its brand portfolio, enhanced productivity of medical representatives, and increased presence in metro and Tier-I cities, the domestic brokerage has applied a 40x multiple on projected earnings for the next 12 months.

Read here: Indian stock market ready for a dream run, target Nifty 50 at 25,816, says PL; bullish on Auto, Banks, Defence, FMCG In its High Conviction Picks, Prabhudas Lilladher’s top largecap stock picks include HDFC Bank, ICICI Bank, ITC, Larsen & Toubro, Max Healthcare Institute, Maruti Suzuki, Reliance Industries and Siemens.Here are top largecap stock picks by Prabhudas Lilladher:Prabhudas Lilladher believes replacement of HDFC’s liabilities over FY24-26E should lead to improving margins and better net profit CAGR. It has a ‘Buy’ rating on HDFC Bank shares with a target price of ₹2,000 apiece.The brokerage firm has maintained a ‘Buy’ rating and increased ICICI Bank share price target to ₹1,450 from ₹1,300 earlier.Also Read: Turnaround stocks to 2024: Top 5 shares that are potential multibaggersITC’s cigarette volumes rose 2.1% in Q4FY24 and the broking house expects returns to be driven by cigarette volume numbers and budget outcome in July while FMCG will continue to expand margins by 80 - 100 bps annually.

₹89 for hospitalization and about ₹180 for other health needs, with urban estimates of ₹123 and ₹258 not much higher. This is not a sign of us being a very healthy lot with a paltry medical-expense burden. That we know of hospital bills thousands of times larger only points to how easily averages can mislead us.

Modi 3.0 Budget: The Narendra Modi-led NDA government will present next month its first budget of the third term, which began after 72 members from the BJP and its alliance parties took oath as Cabinet and junior ministers. Nirmala Sitharaman’s finance portfolio has not been changed, paving the way for her to present her 6th full-fledged Union budget in July. She also presented the interim budget in February this year ahead of the Lok Sabha polls 2024.

Altrata, a prominent player in the people intelligence space, has published a new report projecting a substantial global wealth transfer among the world’s well-heeled elite over the next decade.

India is witnessing an unprecedented heatwave this summer, leading to many heatstroke cases across the country. However, the dangerous temperatures can have another deadly effect on your body as well. According to healthcare professionals, high temperatures can also cause eye strokes.

One of the reasons Teresa (Terry) Rasmussen has moved around so much in her career is because she loves learning about all the aspects the industry has to offer.

NTT DATA Business Solutions AG, a company of NTT DATA and a leading global IT service provider focused on the mid-market and SAP, announces the acquisition of a majority stake in ProvenTech Pvt Ltd, Hyderabad, Telangana, India. ProvenTech is specialized in providing cutting-edge GenAI-driven Quality Management and Manufacturing solutions to Pharma, Healthcare and Food industry, leveraging its own products, SAP© S/4HANA and other enterprise software. Founded in 2020, the company offers a unique and comprehensive portfolio including its own SaaS solutions, automation, integration and advisory services to meet the diverse needs of the pharmaceutical industry.

Sectorally, buying was seen in capital goods, oil & gas, and telecom while selling was seen in metal, healthcare, banks and FMCG stocks.

₹ 5 lakh per family per year for secondary and tertiary care hospitalization."We have begun collecting data for the expansion of scheme. The aim is to include as many senior citizens as possible.

Max Healthcare Institute Ltd. fell 0.88 per cent to Rs 804.5 in Tuesday's trade as of 01:28PM (IST) even as the benchmark Nifty ruled at 23346.5, up 87.3 points. The scrip had closed at Rs 811.7 in the previous session. The stock quoted a 52-week low of Rs 509.05 and a high of Rs 909.0. The company quoted a market-cap of Rs 78248.67 crore on the BSE.

Also read | This 86-year-old retired professor shows it's never too late to benefit from mutual funds US resident Niharika understands this too well. She uses the end-to-end services of PHE Healthcare in Mumbai for her mother, who has Parkinson’s disease, and says they are the “quarterback" for all her mother’s healthcare and wellness needs.

Bitcoin prices remained fairly rangebound last week, though they fell sharply below the $70,00 mark on Friday, after climbing to more than $71,000 earlier in the week.

Lenox Advisors, an affiliate of NFP and an Aon company, has extended its reach into the Mid-Atlantic wealth space with a sizeable acquisition.

Confederation of Indian Industry Monday said continuity in policy reforms under the leadership of Prime Minister Narendra Modi is likely to drive India towards the goal of becoming a developed nation

“Belcan’s deep engineering capabilities and domain expertise across the aerospace & defence market will be complemented by Cognizant’s scale and own multi-decade digital engineering expertise, providing Belcan’s blue-chip client roster access to our advanced AI, cloud and data technologies," said Kumar.Cognizant ended with $19.35 billion in revenue last year. It expects its full-year revenue to be between $18.9 billion and $19.7 billion.

Anecdotes aren’t data (as the apparently oft-misquoted saying goes), but over the past 14 years the two paint a depressingly similar picture of Britain’s National Health Service (NHS). A friend recently diagnosed with breast cancer was told she needed surgery to remove a small tumour. It took months for her general practitioner to refer her for testing after she initially complained of unexplained weight loss and later pain.

₹10,000 crore across five years for AI development. It will support AI super-computing infrastructure accessible to startups, academia and industry. As India joins the AI race, we must it prepare for the next evolutionary leap that is Artificial General Intelligence (AGI).

«Of course, the pocket where we have seen the best combination of growth and value have been private sector banks, that remains a reasonably large allocation for us. Healthcare services remain a decent allocation, both across hospitals, diagnostics, and pharma,» says Pramod Gubbi, Marcellus Investment. How did you manage to kind of tap into this opportunity that the market threw up in terms of making money? What was the action like at Marcellus? We are known for our inaction. We are long-term investors. We rarely react to such events and that has been the case this week as well. We have barely changed any of our portfolio positions. But going into a volatile event, our style of investing and our sort of portfolio which is comprised of strong businesses fundamentally with strong balance sheets, always tend to do better in times of adversity.