Healthcare Financial News

Parul University has achieved a significant milestone by becoming the exclusive institution in Western India to be a part of the National Taskforce for an INDIA-EMS Research Project on Emergency Medicine. The project, aimed at developing a High-Quality Patient-Centric Integrated Model for Emergency Care Systems in selected districts of India, has secured a substantial funding grant of 4.7 Crores from the Indian Council for Medical Research (ICMR).

₹2,500 crore through the public issue, which is the highest so far this year. ICICI Securities, Axis Capital, HDFC Bank, and IIFL Securities are the appointed book-running lead managers for the issue.

artificial intelligence (AI) in India, the BharatGPT group backed by Mukesh Ambani’s Reliance Industries and top engineering schools in the country aims to launch its first ChatGPT-style service next month. The model is being developed in collaboration with Indian Institutes of Technology, and backed by Reliance Jio Infocomm and the Centre. The consortium — which includes Reliance and eight IITs—offered a sneak peek of the model during a recent technology conference in Mumbai.

Name of the fundFive-year returns (in %)10-year returns (in %)ICICI Prudential Pharma Healthcare and Diagnostics (P.H.D) Fund29.22-Mirae Asset Healthcare Fund27.55-ITI Pharma & Healthcare Fund27.15-SBI Healthcare Opportunities Fund26.6817.16Tata India Pharma & Heathcare Fund26.40- The ongoing surge in the Indian pharmaceutical sector has created wealth for investors, especially those invested in healthcare companies. Additionally, the pharmaceutical and healthcare sector serves as a defensive theme as people persist in seeking medical assistance and taking medications even during challenging times.

Mookmati. Through his works, he gave a voice to the downtrodden. In the domain of healthcare too, his contributions were transformative.

Tech Mahindra, its new chief aims to win back the mojo as a «credible challenger» in key sectors such as banking, financial services and insurance (BFSI), telecom and manufacturing focusing on differentiated capabilities. «Over the next few months, we are focussed on defining the purpose of the company, coming out with a strategic narrative for the company,» Joshi, chief executive officer and managing director of Tech Mahindra, told ET.

UPI for Non-Resident Indians (NRIs). He highlights the ease of sending funds for critical and immediate needs like healthcare and education, even from thousands of miles away. Traditionally, NRIs have relied on various methods to send money back to India, each with its own set of complexities and limitations.

₹57,881 crore). More than 75 per cent of elderly people in India suffer from chronic diseases and these figures indicate the potential of the home-based care market in India.

bull run is likely to continue for a long time to come since the structural growth of the Indian economy will continue, believes Abhishek Tiwari, executive director and Chief Business Officer of PGIM India Mutual Fund. In a telephonic interview with MintGenie, he also sheds light on the scope of growth that some good quality small and mid-cap stocks can offer. Mr Tiwari also says healthcare and pharma are likely to do well in the immediate future, while financial services – as a sector – is a ‘good buy’ for the medium to long term.

Also Read | Union Minister Rajeev Chandrasekhar reacts to Paytm controversy: 'Being FinTech doesn't absolve anybody from...' “We will exploit AI to its fullest for achieving the goals of our economic growth, ensuring that it makes a big impact on healthcare & agriculture among others," said Chandrasekhar during his discussion with Anant Goenka during the Mumbai Tech Week on February 19, as per PIB. Also Read | Rajeev Chandrasekhar on India's digital-first strategy: Innovation, R&D focus, must not be afraid of AI Further expanding on the government's stance on AI, Chandrasekhar added, “We intend to exploit AI to its fullest for achieving the goals of our economic growth, ensuring that AI makes a big impact on healthcare and drug discovery, as well as on agriculture and farmer productivity.

Dwarkadhish temple. It is being built for ₹978 crore. Here are five things to know about Gujarat's Signature Bridge, 1) The construction of the bridge, initiated by the Centre in 2017 with a groundbreaking ceremony, aims to facilitate easier access for devotees commuting between Okha and Bet Dwarka.

PM Modi to visit Jammu and Kashmir on Feb 20, to initiate 'Viksit Bharat' plans Established at a cost of over 1660 crore and in an area spanning over 227 acres, the hospital is equipped with facilities like 720 beds, a Medical College with 125 seats, Nursing College with 60 seats, AYUSH Block with 30 beds, residential accommodation for faculty and staff, hostel accommodation for UG and PG students, a night Shelter, Guest House, Auditorium, Shopping Complex, etc. The state-of-the-art hospital will provide high-quality patient care services in 18 Specialities and 17 Super Specialities including Cardiology, Gastro-enterology, Nephrology, Urology, Neurology, Neurosurgery, Medical Oncology, Surgical Oncology, Endocrinology, Burns and Plastic Surgery.

health insurance. By choosing a policy with a minimum waiting period, you can expedite the timing of receiving insurance coverage. Nothing is more frustrating than seeing your insurer reject your claim.

central government has invested Rs 5 lakh crore in the North East since 2014, while Rs 11 lakh crore more will be pumped into the region for its all-round development. This part of the country holds immense investment potential, said the Minister of State for Development of North Eastern Region (DoNER). «Already Rs 5 lakh crore has been invested by the government since 2014. While another Rs 11 lakh crore is underway for the region on developmental projects to improve infrastructure,» Verma told PTI on the sidelines of the North East Investors Summit. FICCI was the industry partner for the summit.

₹207 crore ($25 million) to the second fund of India-focused growth capital fund Amicus Capital Partners. The investment is from NIIF Fund of Funds – I, the first fund under NIIF’s Private Markets business. The commitment underscores NIIF's intent to back "fund managers who are executing a well-defined investment strategy in a disciplined manner with a strong team", said Anand Unnikrishnan, managing partner – private markets, NIIF, in a release.

Dr BS Ajaikumar, Executive Chairman, Healthcare Global, says they are focussed on achieving margin and growth will definitely happen. The challenge has been that with the new centres coming in, while the mature centres are giving a margin of over 22%, the best centres gives a margin of close to 30%. So, while this is happening, they plan to do a few more M&As. That will bring down the margin level. But even with that, Ajaikumar is confident that margin will be in the upper teens, reaching close to 20% towards the last quarter of next year (FY25-26). According to reports, CVC Capital is looking to sell stake in Healthcare Global. They hold 60.4% stake. Any indication how much they are going to sell? Will that trigger an open offer? Dr BS Ajaikumar: Yes, as I always say, the best person to answer is CVC. If they do plan to exit, they have to sell 60%. Yes, it will be an open offer also and from what we understand, they will be the best persons to answer these questions. As far as HCG is concerned, we have really made no change in the plans. We think we are on a very good growth trajectory.

IPO) of Thai Casting was subscribed 48 times on the third day of the bidding process. The category reserved for retail investors was booked 76 times, followed by NIIs at 40 times and QIB portion at 3 times. The IPO, which will close on February 20, is priced at Rs 77 at the upper end. About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors and the rest 15% for non-institutional investors.

commitment of Rs207 crore ($25 million) from NIIF Fund of Funds – I, the first fund under its Private Markets business to Amicus Capital Partners India Fund II. With a target size of $200 million, Amicus Capital Fund II expects to support businesses that leverage technology to scale, early in their growth journey, across sectors such as speciality manufacturing, technology & business services, healthcare, financial services and other sectors, stated a release from NIIF.

“Renewal and green energy investment are two focus areas of the government. The share of renewal in the overall energy pie is only going to increase going forward, not only in India but across the world,” says Sachin Bajaj, Executive Vice President & Head – Investments, Max Life. In an interview with ETMarkets, Bajaj said: “Fiscal consolidation, continuation of capex growth, focus on energy transition, housing, tourism, healthcare, and railways are the key themes from the Budget,” Edited excerpts: Rs 11.11 lakh cr – a number which has caught the eye of many. What do you make of the current outlay and the impact it will have on the economy? Sachin Bajaj: Rs 11.11 lakh crore is the capital expenditure target for the next fiscal year. While the growth of 17% for FY25 looks a bit lower when compared to the current financial year, however, if we look at the capex for FY21, the same number was Rs 4.1 lakh crore, i.e., almost a 3x increase in 4 years.

₹177 to ₹186 per equity share of the face value of ₹10. The GPT Healthcare IPO date of subscription is scheduled for Thursday, February 22, and will close on Monday, February 26.

EQT (formerly Baring PE AsiaEQT), TPG Capital and KKR are among those evaluating the acquisition of a controlling stake held by CVC Capital in Bengaluru-based specialty cancer hospital chain Healthcare Global Enterprises (HCG), sources told ET. A rising middle-class and an aging population have boosted demand for private medical services across Asia, which in turn, is seeing massive consolidation and heightened deal activity in the healthcare sector. Luxembourgbased CVC manages €188 billion of assets and is also owner of the Gujarat Titans’ IPL franchise, international rugby union, Women’s Tennis Association and top football properties such as Spain's La Liga or consumer brands like Lipton Teas, Peruvian cash management company Hermes, among others.