Healthcare Financial News

Whether you're seeking bone density support or aiming to fortify your diet, this article serves as your compass to the best calcium tablets, ensuring you make an informed and beneficial choice for your health journey.

Also Read: Demat Account: How to create long-term wealth? Follow these 6 key steps One key tool that has emerged as a catalyst for advancing financial inclusion is the demat account. In this article, we delve into how a demat account contributes to fostering financial inclusion. Financial inclusion is when everyone can access financial services that can help them build wealth, including savings, credit, loans, equity, and insurance.

Also Read: Health Tips for Today: This Mother's Day, start from basics - from health to self-care Motherhood is a beautiful journey filled with joy and excitement, but it also comes with its share of medical expenses, especially during pregnancy and childbirth. Health insurance plans often offer comprehensive coverage for maternity care, including prenatal visits, childbirth, and postnatal care.

Also Read: Market Meltdown: Indian stocks lag behind global peers in May – key reasons explained According to the brokerage, the country's healthcare expenditure, currently at only 3% of GDP, has historically lagged behind global counterparts due to higher 'out of pocket' expenses (51%), and lower health insurance penetration (39%). However, with diagnostics representing approximately 7% of the healthcare industry, there's significant potential for growth as India focuses on enhancing spending on essential healthcare services.

companies embrace digital trends. ER&D is the process of turning ideas into tangible products, services, and processes. Now, this segment is evolving from just design and deployment to include maintenance, regular updates, and continuous data analytics.

Inflation is continuing to take a financial and mental toll on retirees, with nearly 70 percent concerned about outliving their savings, according to the Schroders 2024 US Retirement Survey.

Abbott India reported a 24% rise in fourth-quarter profit on Thursday, as strong sales outpaced the impact of government pricing caps on certain medicines. The company, which makes the popular antacid medicine Digene, said its profit rose to 2.87 billion rupees ($34.3 million) for the three months ended March 31, from 2.31 billion rupees a year earlier.

80D deduction works for you and its eligibility. 80D deduction is a section of the Income Tax Act that allows taxpayers who make payments for health insurance to get a deduction. Single policyholders and Hindu Undivided Families in this part can save a certain amount of money on taxes for health insurance payments.

The Panorama, nestled in the lush greenery of the iconic Pali Hill situated in theBandra West locality of Mumbai. With the launch of the project, Rustomjee Group is anticipating a Gross Development Value (GDV) of approximately 375 crore rupees.The Panorama by Rustomjee is a luxury residential development that offers exclusive 4 and 5 bedroom residences designed for those seeking the elegance of old Bombay nostalgic charm embedded with the modern amenities necessary for elite luxury enveloped within the natural heritage of Pali Hill.

EQT Partners, the global private equity fund, is all set to list its healthcare Business Process Management (BPM) portfolio Sagility LLC, formerly Hinduja Global Solutions Healthcare LLC, in Indian bourses, said multiple people aware of the development. EQT has hired investment bankers — ICICI Securities, IIFL, JP Morgan and Jefferies. This proposed IPO is likely to value Sagility at about $3 billion (Rs25,000 crore ) and EQT may raise about $400-500 million (Rs4000 cr), said sources.

IPO, Indegene has finalised the share allotment. The issue was booked nearly 70 times at close on strong interest from institutional and non-institutional investors. Investors can check the status of their share allotment on the BSE or even by logging in to the registrar website. Firstly, here's how you can know the status on BSE

global macro conditions rebound over time. However, India will continue to benefit from outsized capital allocation and is expected to reach $80-100 billion in annual deployment over the next five years, Bain & Company partner Prabhav Kashyap told ET. This estimate compares to about $39 billion in 2023, as per a report by Bain & Company called India Private Equity Report 2024. Deal activity had reduced about 35% from $62 billion in 2022.

Emkay Global initiated coverage on diagnostic chains with buy ratings on Dr Lal PathLabs and Metropolis Healthcare while giving an 'add' rating on Vijaya Diagnostics. «With competitive intensity reducing after the emergence of the new normal post-pandemic, we believe Indian organised diagnostics chains stand at the cusp of inflexion,» said the firm's analysts Anshul Agrawal and Eshan Bhargava in a client note."

C K Birla Group, on Wednesday said it has forayed into the South Indian market with the acquisition of ARMC IVF Fertility Centre for an undisclosed amount. Currently, Birla Fertility & IVF operates 30 centres and with the acquisition, it has expanded its presence across Kerala, Karnataka, and Tamil Nadu, by adding seven more centres and taking the total to 37 outlets across the country. «ARMC IVF and its Founder and Medical Director, Dr KU Kunjimoideen, have served the patients in the southern region with the highest level of fertility care, and through this partnership, we will continue to uphold this commitment,» Avanti Birla, Founder, Birla Fertility & IVF, C K Birla Healthcare, said in a statement. The company plans to expand its footprint to 100 clinics with an investment of over Rs 500 crore over the next-3-4 years.

₹7083 crore, but the drop in Ebitda was steeper at nearly 12% to ₹1,784 crore. DRL’s US sales dropped 2.2% sequentially, driven by lower Revlimid sales and price-erosion in a few other molecules. Some analysts reckon DRL’s US revenue from Revlimid, a key product, may well have peaked in FY24.

NEW DELHI : Birla Fertility & IVF, part of the $2.9 billion CK Birla Group, on Wednesday announced the acquisition of an 86% stake in ARMC IVF, a Kerala-based chain of fertility centres, for an undisclosed amount. Industry sources estimate the deal value to be below ₹100 crore. The transaction was financed through internal accruals.

₹7,500 crore to PMJAY this year. Officials from NITI Aayog, health ministry, and private hospitals who held a review meeting of the scheme on 1 May raised concern over the inadequate release of funds by states for the insurance scheme, persons aware of the matter said. “The problem of untimely payments to the hospitals arose when some states like Telangana, and Andhra Pradesh merged their state health scheme into the PMJAY," said Girdhar Gyani, director general, Association of Healthcare Providers of India (AHPI).

Amkay Products debuts with 90% premium on BSE SME platform The shares of Amkay Products listed on the BSE SME platform with a premium of 90% on Wednesday. The stock debuted at Rs 104.5 as against an issue price of Rs 49.5.

Ashok Leyland, the group’s flagship company run for decades with strong professionals, also recently said it will launch six new LCV truck models in the next 12 months. Both the above are in the realm of possibilities and indicate potential growth trajectories for the group. The contrast between the Hinduja Group’s past and its present form is striking and multi-faceted.

Paras Healthcare Private Limited (“Paras Health”), a corporate hospital chain which launched its first hospital in Gurugram in 2006, recently performed Bhumi Pujan for its forthcoming 300-bed hospital in the city. This new facility will be the second hospital under the umbrella of Paras Health in Gurugram, to be located in Sector 63-A. This marks another significant milestone in the hospital's journey towards expanding its healthcare offerings. The ceremony was graced by the presence of Dr. Dharminder Kumar Nagar, Managing Director of Paras Health, Mr. Ankit Goel, Director Essel Infra LLP, Dr. Kapil Garg, Director and Dr. Santy Sajan, Group Chief Operating Officer, Paras Health.

According to data from the Bureau of Labor Statistics today (3 May), job gains were mainly registered in healthcare, social assistance, transportation and warehousing. The unemployment rate remained steady at 3.9%, slightly up from 3.8% in March. Daniel Casali, investment strategist at Evelyn Partners, said that despite the data coming in lower than expected, the US labour demand has remained «resilient» and continued to «reduce the risk of a US recession». Fed holds rates steady as 'lack of further progress' on inflation signals higher for longer stance He noted the April figur...