Healthcare Financial News

undertaking to the government, citing compliance with provisions of Uniform Code for Pharmaceuticals Marketing Practices (UCPMP) 2024. The newly notified UCPMP prohibits companies from organising workshops abroad for healthcare professionals or offering them hotel stay, expensive cuisine or monetary grants to control unethical practices in the pharma industry. The government has asked pharma companies to submit an undertaking by June 30. The Department of Pharmaceuticals (DoP) has sent out a self-declaration form for FY25 under UCPMP to all pharmaceutical associations for «strict compliance,» said a circular dated May 28.

Indian benchmark equity indices closed in the red for the fourth straight session on Wednesday, dragged down by losses in heavyweight financials and IT stocks. Uncertainty around domestic election results and the timing of US rate cuts also contributed to the decline. The 30-share BSE Sensex declined by 668 points, or 0.89%, to settle at 74,503. The broader NSE Nifty dropped 183 points, or 0.80%, to end at 22,704.

Abhay Agarwal, Founder & Fund Manager, Piper Serica, says this is a market where once the event is over, people will refocus on earnings, refocus on growth, refocus on India's long-term economic potential and the resultant expansion in market cap due to that and which companies will benefit the most. So, the whole conversation will change into that direction. Investors should look beyond just this June 4th date and look where the investment opportunities are for the next five years

Mirroring the weakness in global markets, Indian headline indices opened lower for the fourth consecutive session on Wednesday as investors cautiously await U.S. inflation data due this week for clues on the Federal Reserve's interest rate trajectory. Selling was seen across all sectors. The BSE Sensex was trading 315 points, or 0.42, lower at 74,857. The Nifty50 was down 103 points, or 0.45%, trading at 22,785 around 9:20 am.

₹3,000 crore, including a green-shoe option to raise up to ₹1,500 crore more.The late-stage fund, which will focus on large-cap investments in private markets, intends to make 10-12 investments, with an average ticket size of ₹200-300 crore each, Avendus said in a statement on Wednesday. The fund will target sectors such as financial services, consumption, digital and technology, healthcare, and manufacturing."With Avendus Future Leaders Fund III, our approach remains straightforward - harnessing the vast potential of late-stage private opportunities while co-opting the existing financial sponsor ecosystem," said Ritesh Chandra, managing partner, Avendus Future Leaders Fund.

Since the pandemic we have all thought about health care more than ever. And where there are thoughts of health care, they are thoughts of costs.

MUMBAI : Asset manager 360 One WAM Ltd is in talks with investors to raise a ₹4,000-crore secondaries fund—a vehicle typically used to buy stakes in companies from other investors or replace another investor in multiple firms. The alternatives asset manager is also in talks to raise a healthcare-focussed private equity fund, Sameer Nath, chief investment officer and head of 360 One Asset’s venture capital and private equity business, said at a press briefing on Tuesday. 360 One WAM, which handles nearly $2.9 billion in assets under management under its alternatives strategies, also plans to launch an early-stage venture capital fund as well as a fourth pre-IPO fund over the next year, Nath said.

Congress leader P Chidambaram on Tuesday said the various welfare schemes and policies in the country are «not pivoted to the poor». Chidambaram said an egalitarian society can be created only if the schemes and policies are oriented towards the poor. The former union minister was speaking on the topic 'Inclusive Growth: Myth and Reality' at the M P Veerendra Kumar Commemorative event organised by the RJD here. He said, «Unless we understand the economic and social hierarchies that mirror each other, and reorient our policies towards the bottom, especially the SCs, STs and other depressed sections, it will not be possible to call us an egalitarian society». He pointed out that the present society is not equal or reasonably equal, fair or just. «Not that it can never be. You can build an egalitarian society. Purely capitalist and rich countries have built egalitarian societies,» he said.

India Accelerator has announced the launch of RUMS (Robotics, Unmanned & Space), a new vertical aimed at fostering innovation and growth in the robotics and unmanned industry. Recognised as India’s only dedicated accelerator vertical to propel the Robotics and Unmanned ecosystem growth, IA will be focused on providing strategic support to Unmanned Aerial Systems (UAS), Counterdrone System, Ground Robots and Space Startups. In the initial stage of inception, the accelerator projects to inject a 10-15 Mn capital in early-stage startups exhibiting potential in this space through its partner entity Finvolve. IA will lean on a number of experts to help select and grow the startups, with Lt. Gen Anil Chait, a former Indian Army veteran, who will be leading RUMS with his strategic guidance and support. His 40 years of experience encompassing armoured corps operations, counter-insurgency warfare, and disaster relief missions makes him an invaluable asset for defence startups.

Max Healthcare Institute Ltd. traded 1.91 per cent down in Tuesday's trade at 01:07PM (IST). Around 31,933 shares changed hands on the counter. The stock opened at Rs 805.65 and touched an intraday high and low of Rs 816.0 and Rs 785.1, respectively, in the session so far. Shares of the company of Max Healthcare Institute Ltd. quoted a 52-week high of Rs 909.0 and a 52-week low of Rs 505.35.

Mukesh Ambani and his wife Nita Ambani are all set to host Anant Ambani and Radhika Merchant's second pre-wedding celebrations in Italy between 28 May to 1 June. It is expected that actors, cricketers, businessmen and celebrities would mark their presence at the event.Earlier on Monday, Alia Bhatt, Ranbir Kapoor, Ranveer Singh, Salman Khan, MS Dhoni, and Anil Ambani were seen at Mumbai's private airport. The luxury cruise will embark on a picturesque 4,380-kilometre journey from Italy to the South of France and back.

investment group EQT will now look at deals of $50 million-250 million in India from its newly raised $1.6 billion BPEA EQT Mid-Market Growth Partnership (MMG Fund). The new fund, in addition to the large-cap buyout Asia fund, will look at deals primarily in closely held companies. «As the flagship fund becomes bigger, there is that opportunity in the mid-market space with a ticket size of between $50 million and $250 million that is getting left out,» Hari Gopalakrishnan, partner, EQT, told ET. «So, we are targeting that space with this mid-market strategy. We set out to raise $750 million, but the demand was quite strong. So, we ended up raising twice what we expected.»

Why this Swedish PE firm is willing to bet $5 billion in India this yearThe Mid-Market Growth strategy—which focuses on the technology, services, and healthcare sectors across Asia, will make investments in South East Asia, Japan and Australia, in addition to India, the firm said. EQT said this strategy “is a natural extension" of its established large-cap buyout platform in Asia.

health cooperation, India and Japan have agreed to advance their collaborative efforts during a meeting on the sidelines of the 77th World Health Assembly (WHA) in Geneva, officials on Monday said. The two nations emphasised their commitment to building on the Memorandum of Cooperation signed in 2018, they said. The key areas of focus included expanding cooperation into new domains such as digital health, the use of artificial intelligence (AI) in healthcare, elderly care, and tackling non-communicable diseases. This initiative aims to leverage technological advancements to improve health outcomes and address the growing challenges posed by an ageing population and lifestyle-related diseases, the officials said.

patient's diabetes using a groundbreaking cell therapy. This pioneering treatment was developed by a team from Shanghai Changzheng Hospital, the Centre for Excellence in Molecular Cell Science under the Chinese Academy of Sciences, and Renji Hospital, and was detailed in the journal Cell Discovery on April 30.

Aster DM Healthcare on Monday announced its expansion plan for Aster CMI Hospital, a multispecialty hospital in Bengaluru. The unit will have an additional infrastructure expansion of 300,000 sq feet thereby increasing its bed capacity from the existing 500 beds to 850 beds. With this development, the company is further strengthening its presence in Bengaluru, reaching a cumulative bed strength of 1602 beds, thereby becoming one of the largest healthcare providers in the city. The Company will invest around Rs. 250 crore to upgrade the existing facility which is expected to be commissioned by the fiscal year 2027. Spread across an area of 4.45 lakh square feet in Hebbal, Bangalore, Aster CMI Hospital, is one of the leading super-specialty hospitals with contemporary state-of-the-art facilities offering comprehensive primary care to quaternary care services, the hospital said in a press statement.

Outright BJP victory: Nomura expects positive market reaction particularly if NDA gets close to 400 seats. Domestic sectors particularly financials, consumer discretionary, industrials/infrastructure and PSUs will outperform.

Asian counterparts, Indian blue-chip indices hit fresh record highs on Monday, driven by financial and metal stocks. The BSE Sensex hit new lifetime high of 75,679 before trading 206 points or 0.27% higher, at 75,615. Meanwhile, the Nifty50 scaled new peak of 23,043 before trading 58 points or 0.25% higher at 23,015 as of 9:19 AM.

Diversified funds dynamically adjust allocations to capitalise on emerging trends and opportunities. Such funds not only mitigate the risks associated with high valuations in any single sector but also position investors that could benefit from the broader economic growth, Rahul Singh, chief investment officer, Equities, Tata Asset Management, tells Saikat Neogi.

₹50 lakh in Goa and Telangana, ₹30 lakh in Madhya Pradesh, ₹20 lakh in Uttar Pradesh and Maharashtra to ₹5 lakh in Delhi.“We have a case of first year female MD (pediatrics) students at private medical college in Uttar Pradesh was under stress due to toxic working environment in the college. Her parents must pay a hefty amount for seat-leaving bond for their daughter's health.

In today’s dynamic economic landscape, the role of financial leadership in infrastructure development has become more critical than ever. Infrastructure projects, ranging from civil construction, transportation and energy to healthcare and education, form the backbone of a nation’s growth and development.