Healthcare Financial News

India, May 24, 2024: SkullSaints, a pioneering Indian brand known for its innovative Mini PCs, announces the launch of its latest product, the SkullSaints Shadow Mini PC. This new addition to the SkullSaints lineup is set to redefine the standards for compact computing with its advanced features, high performance, and exceptional versatility.The SkullSaints Shadow Mini PC is designed to cater to a wide range of computing needs, offering powerful performance in a sleek and compact form factor.

MUMBAI:Technological advancements, especially in software and generative artificial intelligence (AI), are set to revolutionize healthcare, said Dileep Mangsuli, executive director and head of Development Care at Siemens Healthineers.At the Mint Digital Innovation Summit 2024 in Mumbai, Mangsuli highlighted the urgent need for innovation in healthcare as the global population continues to grow.The world’s population reached 8 billion last year and is projected to hit 9 billion within the next seven years, making it crucial to overcome existing healthcare challenges, Mangsuli emphasized.“With the population rising, nearly 73% of deaths worldwide are caused by non-communicable diseases like diabetes, cancer, stroke, and cardiovascular diseases. This has highlighted a huge challenge as to how it can be managed," he said.Siemens Healthineers, a global healthcare services firm headquartered in Germany, has been actively working to build solutions that ease access to healthcare worldwide.The Covid-19 pandemic underscored the continuing challenges in healthcare accessibility and success, contrasting sharply with pre-pandemic perceptions that healthcare was no longer a significant issue, according to Mangsuli.The world will face a shortage of healthcare workers by 2030, which will exacerbate the crisis.“In 1978, when WHO had declared ‘health for all’ by the year 2000, everyone thought this achievable.

Uttar Pradesh's Prayagraj Lok Sabha constituency is expected to witness an interesting electoral battle with some sections of voters here raising local issues such as cleanliness and healthcare facilities, while many seeing the poll as a fight to save the Constitution and the unique «Ilaahabadi» culture. From the confluence of Ganga, Yamuna and the invisible Saraswati, to the Allahabad University and the high court, Prayagraj has been a revered seat of education, spirituality and syncretic culture in Indian history. One of the largest and most populous districts of Uttar Pradesh, it also takes pride in giving India seven prime ministers. «The city has produced so many politicians, civil servants. It has three Bharat Ratna awardees within a radius of one km and has given seven prime ministers to the country. This city is a heritage. The Kumbh mela has been celebrated from ancient times, then it became a Mughal garrison town, then the British Empire came in,» Zafar Bakht, a cultural activist, told PTI. «Allahabad has always shown resistance. The people here have a 'hekdi' (arrogance) and don't cow down to anyone. It's intellectually a very vibrant city and if some mistake has been committed in the past, this city will rectify it, be assured of that,» said Bakht, who identified unemployment and youth distress as major issues here this election.

Top Gainers: HDFC Bank (up 1.64%), Bharti Airtel (up 1.12%), Larsen & Toubro (up 1.11%), NTPC (up 0.68%), Axis Bank (up 0.61%)Top Losers: Asian Paints (down 1.21%), Tech Mahindra (down 1.18%), ITC (down 1.16%), Mahindra & Mahindra (down 1.15%), Tata Consultancy Services (down 1.14%)Top Gainers: HDFC Bank (up 1.65%), Larsen & Toubro (up 1.13%), Bharti Airtel (up 1.05%), Bharat Petroleum Corporation (up 1.03%), Axis Bank (up 0.75%)Top Losers: Adani Ports & Special Economic Zone (down 1.89%), Tata Consumer (down 1.76%), Tech Mahindra (down 1.18%), ITC (down 1.17%), Titan Company (down 1.15%)Top Gainers: Vodafone Idea, Bharat Forge, Astral, L&T Finance Holdings, Hindustan Petroleum CorporationTop Losers: Suzlon Energy, Godrej Properties, Jubilant Foodworks, Max Healthcare Institute, Cummins IndiaTop Gainers: Baheti Recycling Industries, Amara Raja Energy & Mobility, Swan Energy, Century Textiles & Industries, JBM AutoTop Losers: Computer Age Management Services, ITI, Housing & Urban Development Corporation, Keystone Realtors, IRCON InternationalTop Gainers: BHARAT DYNAMICS ORD (up 8.59%), Amara Raja Energy & Mobility (up 8.51%), Vodafone Idea (up 7.54%), Rashtriya Chemicals & Fertil (up 6.32%), Timken India (up 6.24%)Top Losers: Bayer Cropscience (down 5.17%), Suzlon Energy (down 4.89%), Engineers India (down 4.68%), One 97 Communications (down 4.28%), Teamlease Services (down 4.18%)Top Gainers: Baheti Recycling Industries (up 9.99%), Inox Wind (up 9.06%), Amara Raja Energy & Mobility (up 8.61%), BHARAT DYNAMICS ORD (up 8.38%), Vodafone Idea (up 7.47%)Top Losers: Bayer Cropscience (down 5.55%), Schneider Electric Infrastructure (down 5.00%), Trident Techlabs (down 5.00%), Viviana Power Tech (down 4.99%), Suzlon Energy (down

₹790 on the NSE, the Max Healthcare share price is down more than 10% from 52-week highs seen in February.Analysts remain positive on growth being fueled by expansions. Analysts at Jefferies India Private Ltd have maintained Buy ratings on Max Healthcare post Q4.

₹14,600 crore to add about 17,800 beds nationwide over the next few years to meet the rising demand for healthcare, driven primarily by higher insurance penetration since the pandemic, Mint has learned. This marks their first meaningful expansion since covid, which slowed or halted their growth for four years. Manipal Hospitals, Aster DM Healthcare, Apollo Hospitals and Max Healthcare are among the healthcare majors working to add more beds in the coming years.

The increasing expenses associated with childbirth in India are fueling a greater interest inhealth insurance policies that include maternity coverage. It is essential to explore the real-life challenges of starting a family, emphasising the necessity for thorough preparation. Maternity insurance emerges as a cornerstone in this readiness, offering essential support for the well-being and financial stability of both mothers-to-be and their babies.

Interglobe Aviation: The operator of IndiGo airlines reported a Q4 profit of ₹1894.8 crore, marking its sixth consecutive profitable quarter, driven by robust demand despite rising fuel prices. The company’s revenue grew by 26% to ₹17,825.3 crore, and EBITDAR jumped to ₹4,412.3 crore.

Sensex and Nifty closed at lifetime high levels on Thursday following a record dividend payout by the RBI to the government. In today's trade, Honasa Consumer, ITC, IndiGo, Vodafone Idea, ZEE among others will be in focus due to various developments and quarterly earnings. NTPC, Hindalco, United Spirits, Ashok Leyland Shares of NTPC, Hindalco, United Spirits and Ashok Leyland will be in focus as the companies will announce their fourth quarter results today.

F&O ban list: Eleven stocks have been banned for trade on Friday, May 24, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as they crossed 95% of the market-wide position limit (MWPL), according to the NSE.However, these stocks will be available for trading in the cash market.ALSO READ: Multibagger: HBL Power Systems stock soared 1254% in 3 years, jumped over 5360% in a decadeF&O ban list todayAditya Birla Capital, Balrampur Chini Mills, Bandhan Bank, Hindustan Copper, IEX, India Cements, Metropolis Healthcare, National Aluminium, Piramal Enterprises, PNB, and ZEEL are the 11 stocks in the NSE's F&O ban list for May 24.The NSE updates the list of securities in the F&O ban for trade every day.The National Stock Exchange (NSE) said the derivative contracts in the mentioned securities have crossed 95% of the market-wide position limit and have been currently placed in the ban period by the stock exchange.ALSO READ: IT Sector Q4 Review: Axis recommends buying Persistent, KPIT after March quarter results“It is hereby informed that all clients/members shall trade in the derivative contracts of said security only to decrease their positions through offsetting positions.

Investments by private equity and venture capital funds declined by 35 per cent to USD 4.4 billion in April compared with USD 6.8 billion in the year-ago period, a report said on Thursday. The number of deals in April stood at 98, which was 56 per cent higher than the year-ago period, the report by EY, a consultancy firm, and industry lobby grouping IVCA said. "PE/VC investors continue to remain cautious due to global uncertainties, geopolitical tensions, and the ongoing Indian general elections," the consultancy firm's partner Vivek Soni said, adding that the activity will be subdued till the outcome of the election is decided. In April 2024, there were nine large deals of over USD 100 million, worth USD 3.1 billion, which is a 48 per cent decrease compared to the USD 6 billion across 11 deals in April 2023, the report said.

stocks are under the Future & Options (F&O) trade ban on Thursday, viz. Aditya Birla Capital, Balrampur Chini Mills, Bandhan Bank, Biocon, Hindustan Copper, Vodafone Idea, IEX, Indian Cements, Metropolis Healthcare, National Aluminium, Piramal Enterprises, Punjab National Bank, and Zee Entertainment Enterprises. The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits (MWPL). The ban on it is reversed only if the open interest falls below 80%.

quarterly earnings for the January-March 2024 period on Thursday, with some important names like ITC, IndiGo, Honasa, and Tata Investment in the mix. Other companies which will also announce their earnings include Bikaji Foods, Cello World, Concord Biotech, Fortis Healthcare, Icra, Uno Minda, Zaggle Prepaid and many more.

The consumer durables space should benefit from the pick-up in project completion of real estate, says Sachin Trivedi, Fund Manager — Equity, UTI AMC. He is also bullish on select private sector banks, auto, healthcare and capital goods sector. Edited excerpts from a chat on Q4 results, market valuations and sectoral choices: How would you sum up the March quarter earnings season? Which pockets of the market would you prefer to avoid after listening to the management commentary?

Q4 FY2024 Earnings: A slew of companies across various sectors are scheduled to unveil their financial results on May 23, 2024, providing insights into their performance and shaping market sentiments. Among the notable names are aviation giant IndiGo, conglomerate ITC, Fortis Healthcare, Finolex Cables, Rupa & Company, Page Industries, Shilpa Medicare, Nucleus Software Exports, Schneider Electric Infrastructure and Suraj Products.Saven Technologies, Abhijit Trading Company, Adline Chem Lab, Allied Digital Services, Ahasolar Technologies, Alankit, Alchemist Corporation, Alstone Textiles (India), Alufluoride, AMD Industries, Amerise Biosciences, Amraworld Agrico, Amrutanjan Health Care, Aravali Securities & Finance, Arex Industries, Aryan Share and Stock Brokers, Asian Granito India, Asit C.

Mint. The Mumbai-based company has a strong foothold in the southern and western parts of the country, and is planning to bolster its presence in the northern and eastern regions. It's targeting Uttar Pradesh, Uttarakhand, Madhya Pradesh (MP), Assam, Telangana, and Andhra Pradesh (AP).

Max Healthcare Institute Ltd on Wednesday reported a 2.81 per cent decline in profit after tax at Rs 311 crore in the fourth quarter ended March 31, 2024. The company had posted a Profit After Tax (PAT) of Rs 320 crore in the same quarter of the previous fiscal, Max Healthcare Institute said in a statement. «The minor drop in PAT is mainly due to lower effective tax rate last year and net loss at new units,» the company said.

Sheetal Cool Products Ltd.(up 8.44%), Emami Ltd.(up 4.60%), Future Consumer Ltd.(up 4.55%), Bajaj Consumer Care Ltd.(up 2.88%), Tasty Bite Eatables Ltd.(up 2.81%), Dabur India Ltd.(up 2.72%), Procter & Gamble Hygiene & Healthcare Ltd.(up 2.54%), Hindustan Unilever Ltd.(up 2.44%), Tata Consumer Products Ltd.(up 2.42%) and Marico Ltd.(up 2.13%) stood among the top gainers.

Metropolis Healthcare on Tuesday reported a 8% year-on-year (YoY) rise in net profit to Rs 36.1 crore in Q4FY24 lead by volume increase and better patient realisations. The diagnostic chain reported Rs 33.5 crore net profit in the corresponding quarter of the previous year.

Apple Vision Pro took place at Pristyn Care in collaboration with Mohak Bariatrics and Robotics. Dr. Bhandari led the procedure, which involved a sleeve gastric bypass and a Single Anastomosis Duodenal-Ileal (SADI) procedure on a patient weighing 155 kilograms.

₹1,172.50 on the NSE on Tuesday. While a strong Q4 performance boosted Zydus Lifesciences share price, the strong growth guidance has given boost to earnings outlook said analysts.