Healthcare Financial News

«On a bottom-up basis, we run screeners based on operating cash flows, balance sheet strengths and latent capacity in companies,” says Aniruddha Naha, CIO, Alternatives, PGIM India AMC. In an interview with ETMarkets, Naha who has over 22 years of industry experience in the equity and debt market and manages Rs 225 cr in AUM, said: “The philosophy is to buy good businesses with a consistent track record of cash flow and balance sheet at reasonable valuation,” Edited excerpts: Please take us through your investment philosophy. Aniruddha Naha: Our philosophy stems from clearly defining 'what we will not do' in the investment process.

Angel One: On March 26, the company announced the launch of a Qualified Institutional Placement (QIP) issue with a base price of ₹2,555 per share, which is approximately 7% lower than the current market price. Today, Angel One's shares closed at ₹2,750 each on the NSE, marking a 3.36% increase. The company stated in an earlier stock exchange filing that the objective of this fundraising is to enhance financial flexibility, grow the business, and leverage emerging opportunities within the existing and growing broking business as well as the broader fintech space.

Sanofi India and Sanofi Healthcare India Private Limited, and Cipla on Tuesday announced an exclusive distribution and marketing partnership for the sale and promotion of Sanofi India's Central Nervous System (CNS) product line in India on March 26, according to an exchange filing. As part of this collaboration, Cipla will handle the distribution of Sanofi India's six CNS brands, including the industry-leading Frisium brand of anti-epileptic drugs. According to the joint statement, Cipla will utilise its skills and solid India-wide network of distributors, institutions and market outreach programmes to expand access to these treatments for patients.

As the cryptocurrency market braces for the profound impact of Bitcoin halving, Healix Protocol’s HLX token presale emerges as a guide of opportunity amidst the uncertainty. With Bitcoin halving events historically triggering significant market fluctuations, the strategic timing of Healix Protocol’s HLX token presale presents investors with a unique opportunity to ride the waves of this monumental event and potentially reap substantial rewards.

48.2%of total health expenditure, according to a recent report. This highlights a glaring gap in healthcare coverage and the urgent need for robust health insurance policies. How health insurances come into the picture Health insurance provides financial protection against unexpected medical expenses, ensuring that individuals and their families can access quality healthcare without worrying about the costs.

₹2,360. Given reasonable prices, the brokerage has also increased Metropolis Healthcare's fair value to ₹1,600, keeping its Reduce rating. Following the brokerage's upgrade, Dr Lal Pathlabs share price surged over 5% on Tuesday's session, while Metropolis Healthcare share price rose 2.5%.

Exceeding initial forecasts, the significant influx of investment not only surpassed expectations but also highlighted the burgeoning appetite within the crypto community for speculative ventures.

South Korea said they will cut back on the hours they spend in practice starting on Monday to support trainee doctors on strike for more than a month over a government plan to boost medical school admissions. «It is clear that increasing medical school admissions will not only ruin medical school education but cause our country's healthcare system to collapse,» Kim Chang-soo, the president of the Medical Professors Association of Korea, told reporters.

minimum wage with living wage by 2025 and has sought technical assistance from the International Labour Organization (ILO) to create a framework for estimating and operationalising these, ET has learnt. Living wages – a minimum income necessary for a worker to meet their basic needs, factoring in key social expenditure by an individual such as housing, food, healthcare, education and clothing – were endorsed by the ILO earlier this month. These would be higher than basic minimum wages. “We could go beyond minimum wages in a year,” a senior government official told ET. The ILO had agreed on the reform at its 350th governing body meeting in Geneva that concluded on March 14. There are over 500 million workers in India and 90% of them are in the unorganised sector where many draw a daily minimum wage of `176 or more, depending on the state where they work. However, this national wage floor — not revised since 2017 — is not binding on states and hence a few states pay even less than that.

As the 2024 bull-run gains momentum, investors are shifting their focus to utility tokens, recognizing their potential for significant gains in the evolving crypto landscape. Among the standout performers are Chainlink (LINK) and Healix (HLX), two utility tokens that are capturing the attention of savvy investors seeking innovative opportunities for growth and profitability.

By Nidal al-Mughrabi, Bassam and Masoud

Bhutan. PM Modi was on a visit to Bhutan from March 22-23, where not only he met the top leaders but also inaugurated the Gyaltsuen Jetsun Pema Wangchuk Mother and Child Hospital in Bhutan indicating the shining example of a strong partnership between the two countries in healthcare. Prime Minister Modi was also conferred with the 'Order of the Druk Gyalpo', Bhutan's highest civilian honour, which he dedicated it to the 140 crore people of the country.

(Reuters) -UnitedHealth Group said on Friday it expects more than $14 billion in medical claims to start flowing soon through its unit Change Healthcare (NASDAQ:CHNG) as several services for handling them gradually come online over the next few weeks following a cyberattack last month.

Investing.com — Masimo (NASDAQ:MASI) said Friday that it was weighing up whether to spin off its consumer business as the company looks to bolster growth in its healthcare business.   

NEAR Protocol (NEAR) investors have been taken aback by a notable 9.03% drop in its value this week, leaving many questioning the current state of their investments. While the downturn has stirred concerns, hopes are high that the anticipated surge from Healix could provide a much-needed boost to investor morale.

Wipro has promoted six employees to senior vice president (SVP) roles and 25 others to vice president (VP) roles, as per an internal memo. Those elevated include Wipro's chief delivery officer Ajit Mahale, healthcare portfolio leader Anuj Kumar, Canada country head Kim Watson, Europe cloud sales head Srinivasaa HG, the head of its cloud arm's strategy and execution arm Satish Y and consulting unit Capco's chief financial officer (CFO) Benjamin Simon.

FMCG) companies received the highest flows from foreign investors across sectors in the first half of March as they saw value in these stocks after their underperformance in recent years. The FMCG sector received the highest inflows of ₹11,180 crore after witnessing selling worth ₹4,472 crore last month. In 2023, shares in the sector received ₹2,916 crore.

As the market rallies further after the Fed noted that it still intends to cut rates three times this year despite stubborn inflation, savvy investors are looking for the best growth stocks to benefit from the trend.

By Selena Li and Brenda Goh

brokers are recommending to investors with a high-risk appetite to make fresh investments in such stocks or schemes that invest here. Strength in earnings growth and decline in share valuations in the mid-cap and small-cap segments following the recent drop in stock prices are some key reasons for holding them or buying them afresh. Motilal Oswal Asset Management said in a note that the valuation premium that mid-cap and small-cap indices held over Nifty has halved to 14% for both against 24% and 29%, respectively.

TVS Motor, Wipro, Aster DM Healthcare, RVNL, ZEE among others will be in focus due to various news developments. TVS Motor The Board of TVS Motor approved a scheme of arrangement between the company and its shareholders, under which, it will issue and allot cumulative redeemable preference shares by way of bonus.