Healthcare Financial News

Mint. The firm has at least $1.5 billion invested in India across three strategies: primary funds, secondary transactions, and direct co-investments. “We expect a material increase in investments in India.

Sameer Prajapati, Greater Kailash - 2, Delhi, India The Nifty MidSmall Healthcare Index is a specialised index that offers investors a snapshot of the midcap and smallcap segments of India's burgeoning healthcare sector. This index is meticulously designed to track the performance of companies that are considered mid-sized or small-sized in terms of market capitalization, providing a unique perspective on a vital part of the economy. The index is composed of up to 30 stocks, selected based on their free-float market capitalization.

Sam Pitroda, a yesteryear technocrat, recently rattled the beehive after he suggested India should consider inheritance tax as a means of income redistribution. Even in the US, the super-rich avoid giving back by setting up tax-free trust funds for inheritance. In India, where tax evasion is both endemic and high, tax harvesting for distribution of wealth can only come from a highly incentivised low-tax regime with high volumes of taxpayers, for whom gains from paying up outweigh pains of evasion. In a 2001 IMF paper, 'Tax Policy for Developing Countries', Vito Tanzi and Howell Zee wrote, '...the most prevalent forms of incentives found in developing countries tend to be the least meritorious… personal income taxes have been contributing very little to total tax revenue in many developing countries'. More than two decades later, this is still true. Worse, personal income-taxpayers in India live in an abnormal environment of taxation where they get next to nothing for compliance and good citizenry. Sure, it can be argued that they get roads, utilities and other infra. But these are delivered to all citizens, including those who systematically evade taxes, giving honest taxpayers only the advantage of a good conscience.

A new survey has found American women are deeply concerned as a nationwide crisis adds to their already-gray prospects for retirement.

States and Union Territories have sought more time and wider consultations with all stakeholders including private hospitals, to proceed further on the Supreme Court's February directive to the Central government to work out standard rates for medical procedures and services, according to an affidavit the government filed in the apex court Monday. The Supreme Court on Monday agreed to hear a plea by an association of doctors and hospitals that questioned the government's move to prescribe rates for all hospitals. The matter is slated for hearing on September 10. In response to a public interest litigation filed by an NGO, the apex court had directed the Central government to come up with a concrete proposal specifying standard rates, in consultation with states. The court had warned of applying Central Government Health Scheme rates for treatment services at private facilities until standardised rates were set.

₹1,400 crore. The latest acquision will see the Karnataka-based hospital chain increase its bed count from 9,500 currently to more than 10,500, making it the largest healthcare group in the country, it said in a statement. Earlier, Apollo Hospitals was the biggest hospital chain in the country with around 10,103 owned and operated beds as of 31 March 2024.

Edited excerpts: Indian investors predominantly stick to a market capitalization-based investment approach; a bulk of it focussed on large, mid, or small-cap stocks. However, the concept of investing in various styles or themes hasn't gained much traction yet. Themes have demonstrated long-term growth potential in India.

deep tech startups have filed more than 900 patents since 2008 in areas such as artificial intelligence (AI), Internet of Things (IoT) and neurotechnology, according to a new study by technology industry body Nasscom. A survey of more than 360 Indian deep tech startups showed that 580 patents were filed in AI, 130 in IoT and 120 in neurotechnology, Nasscom said in its latest report on patenting trends.

JNK India last week, the primary market is back to hibernation in the mainboard segment as there are no fresh public offers opening next weekend. However, 3 SME issues and 4 listings are still going to grab investors' attention. The public offer of JNK India, which received a healthy subscription of over 28 times, will also see its shares listed at the bourses.

«Wherever there have been dips, the market has been bought into, sectors have been bought into, stocks have been bought into,» says Rahul Bhuskute, Bharti AXA Life Insurance. You guys at Bharti AXA Life, what are you making of the broader market resilience which has come back, that entire negativity triggered by some commentary from AMFI on stress test of the mutual fund small and midcap, plus, of course, regulator comments on froth in that pocket, all of that appears to be getting digested. You think valuations are comfortable now to get in? I think, yes, you spoke about market resilience and that has really been the heartening feature of this market. One could make that argument that valuations are higher on a historical basis or compared to other emerging markets, etc, but the market has shown resilience.

Apollo Hospitals Enterprise Ltd, Fortis Healthcare , Max Healthcare Institute share prices have seen 42-84% gains during last year. The gains have been led by improved earnings outlook in the back of rising occupancy, increasing inpatient procedures, return of medical tourism and other such reasons have led to improvement in Average revenues pr operating bed (ARPOB). Apollo Hospitals Enterprise Ltd, Fortis Healthcare , Max Healthcare share prices also have benefit from rising capacities as expansions continue being carried out by them.

Prabhudas Lilladher has raised its target on the Nifty for 2024 to 25,810, implying an upside of 14.35% from Thursday's closing of 22,570, and advises investors to buy during dips. The firm expects the BJP-led NDA government to win the elections. «June beginning is a crucial turning point as uncertainty around the political front and monsoons will be over, which can significantly increase FII inflows,» said Amnish Aggarwal, head of institutional research, Prabhudas Lilladher, in a note to their clients.

Norwest Venture Partners backed by US financial giant Wells Fargo has raised its 17th global fund of $3 billion, the Menlo Park, US-based firm said Thursday. The early-to-mid-stage investor that has backed 700 companies globally focuses on three major markets — USA, Israel and India. It has $15.5 billion of assets under management.

Vadilal Industries Ltd.(up 5.83%), Future Consumer Ltd.(up 5.56%), Emami Ltd.(up 4.18%), Nestle India Ltd.(up 2.50%), Colgate-Palmolive(India)Ltd.(up 1.88%), Dangee Dums Ltd.(up 1.75%), Sheetal Cool Products Ltd.(up 1.48%), Procter & Gamble Hygiene & Healthcare Ltd.(up 1.27%), Bikaji Foods International Ltd.(up 1.26%) and Jyothy Labs Ltd.(up 1.21%) stood among the top gainers.

₹218 crore in her nomination papers for the Lok Sabha elections 2024. Hyderabad is all set to vote in the ongoing Lok Sabha elections in the fourth phase on May 13. In her election affidavit, Madhavi Latha declared movable assets worth ₹165.46 crore and immovable assets worth ₹55.92 crore.

MrMed, an online pharmacy for super specialty medicines, is set to inaugurate its inaugural physical store in Greams Road, Chennai on 25 April 2024. This marks the brand's onset into offline retail. In partnership with BDK Pharma Private Limited, MrMed Pharmacy flagship store will offer a comprehensive range of healthcare products; from daily medicines, generics, and branded generics to surgical supplies and super specialty medicines, customers can expect unparalleled convenience and quality under one roof. Devashish Singh, CEO and Co-founder of MrMed, says, «We are extremely excited to launch our first offline pharmacy on Greams Road with BDK Pharma. One of the main promoters of BDK — Habib is a dear friend of mine from my days at Duke University. Habib and I have always spoken about healthcare deeply and have extensive experience in the sector. The entire BDK group has decades of experience in setting up and scaling franchisee operations in numerous countries across the world. We are happy to partner with them in our collective goal of providing access and affordability of specialty medicines.”

Kotak Mahindra Bank after the Reserve Bank of India barred the lender from taking on new clients digitally. The BSE Sensex was trading 187 points or 0.25% lower at 73,668. Nifty50 was trading at 22,345, down 57 points or 0.26% at around 9.19 am.

Siddhartha Khemka, Head-Retail Research, MOFSL, says on a long-term frame, the order book continues to remain strong, the business model is good but in the near term next one or two more quarters of pain is there to be endured by long-term investors. So, for someone looking from a three-six months’ perspective, IT could continue to remain under pressure. What is your opinion of the market right now? Siddhartha Khemka: We continue to remain positive on the overall outlook on the market. We have seen the result season so far being more or less in line to better than expectation, barring some sectors like IT, which has been kind of weak. Consumer was not expected to be very strong, but there was a hope that the commentary would come around the recovery post the monsoon which the IMD has given a forecast of above normal monsoon.

Oracle Corp. CEO Larry Ellison says the business software giant’s planned campus in Nashville, Tennessee, will serve as its world headquarters and place it in a city that's a center of the health care industry

As the crypto world buzzes with anticipation ahead of Bitcoin’s halving event, JPMorgan has issued a warning of a potential price decline post-halving. In these uncertain times, investors are seeking stability and security for their assets. Enter the HLX token presale by Healix Protocol—a beacon of stability amidst the tumultuous seas of cryptocurrency. Here’s why investors are rushing to the HLX token presale for peace of mind and promising returns.

The S&P BSE Sensex rose over 100 points, while the Nifty50 closed above 22,400 levels.