Healthcare Financial News

₹8 crore, and a discount of ₹119 per equity share is being offered to eligible employees bidding in the employee reservation portion. Entero Healthcare Solutions IPO raised ₹716 crore from 25 anchor investors at the upper price band of ₹1,258 per equity share. On the last day of subscription, the Entero Healthcare Solutions IPO was subscribed only 1.53 times.

As part of the leadership transition, Candriam has appointed Servaas Michielssens as head of healthcare, returning to the firm after a 16-month tenure at a private equity firm.

Sectorally, buying was seen in banks, PSU, energy and healthcare stocks while metal and smallcap stocks saw some selling.

By Sriparna Roy and Bhanvi Satija

In the unlisted market, the company's shares are trading with a marginal premium of Rs 10.

Mint’s queries. “Our funding round is closed and we are awaiting money to be wired this week. Basis that, and to manage working capital we had given a choice to old employees to hold salaries back.

Cyient as its 'top pick of the week'. This is on the back of accelerating demand for ER&D services, new growth areas, and robust order intake for core services (DET). The brokerage has a ‘buy’ call on the stock with a target price of ₹2,460, implying a potential upside of 13.5 percent from its current market price of ₹2,166.40 (as on February 13, 2024).

BHEL), GMR Airports Infrastructure, NMDC, Punjab National Bank (PNB) and Union Bank of India. There will be no deletions, according to an MSCI release issued late Monday. PNB and Union Bank will be among the three largest additions to the MSCI Emerging Markets Index measured by full company market capitalisation. The third one is Midea Group Co from China.

Buy or sell stocks for today: Following a sharp sell-off in PSU stocks, the Indian stock market gave up early morning gains and ended lower on Monday. The Nifty 50 index lost 166 points and closed at a 21,616 level, the BSE Sensex nosedived 523 points and finished at the 71,072 mark while the Bank Nifty index crashed 752 points and ended at 44,882 level.

Supertails, which focuses on petcare products and services, has raised $15 million (around Rs 125 crore) in equity funding led by RPSG Capital Ventures. The firm’s existing investors such as Fireside Ventures, Saama Capital, DSG, and Sauce VC also participated. The funds will be used for offline expansion, scaling up products, acquiring new customers and expand its healthcare service, Supertails Pharmacy. The company plans to launch trial stores in a mix of metropolitan and tier-I cities like Bengaluru, Mysore or Ahmedabad. Currently, the company does not have physical retail stores.

health and fitness space are increasingly leveraging artificial intelligence to enhance their offerings. While these startups embrace the technology, they also stress that it cannot do certain things as good as humans do – like in motivating a user. According to consulting platform GlobalData, spending on AI platforms in the healthcare sector globally is projected to grow $18.8 billion by 2027 from $4.8 billion in 2022.

TruDoc Healthcare, the GCC's telehealth and virtual care provider, has acquired Mumbai-based chronic disease management platform Wellthy Therapeutics, according to a company statement. Wellthy Therapeutics, a digital therapeutics (DTx) company, develops and deploys digital therapeutic candidates for commercialisation in indications across cardiology, nephrology and diabetes. It helps medication and health brands achieve their commercial goals by building and launching customised digital health solutions, powered by its disease-agnostic, modular, software-as-a-medical-device (SaMD) platform, according to the company website.

FICCI) Northeast Advisory Council and Assam State Council have welcomed the Assam State Budget for 2024-25. The budget's strategic allocations and visionary initiatives are poised to catalyse sustainable development, economic revitalization, and social empowerment across the state, it said. Ranjit Barthakur, Chairman of FICCI Northeast Advisory Council, lauded the Assam State Budget 2024-25 for its integrated approach towards development, particularly emphasizing the budget's dual focus on enhancing infrastructure and supporting social and environmental initiatives. «The budget smartly navigates Assam's development path by significantly increasing capital expenditure to Rs. 16,338 crore in FY 2022-23, from Rs. 2,951 crore in FY 2015-16, demonstrating an unparalleled commitment to infrastructure. Equally commendable is the allocation of Rs. 2445.71 crore to the Agriculture Department for sustainable practices, Rs. 2369.86 crore for transforming 322 schools, and a visionary Rs. 1207.25 crore towards the Environment and Forest Department. The allocation of Rs. 40 crore for the Amrit Brikshya Andolan, aiming to plant 3 crore saplings, marks a significant step towards environmental conservation. This is in line with the global sustainability commitments he said. These figures highlight the government's balanced approach to achieving economic growth, social welfare, and environmental sustainability,» he elaborated.

The S&P BSE Sensex fell more than 500 points while the Nifty50 managed to hold on to 21,600 levels.

power of compounding is so profound that it is referred to as ‘magic’. And rightly so! Investors of all hues such as Warren Buffett and Charlie Munger attribute this magic for the massive wealth they have managed to accumulate over a period of time. Here we share details of one mutual fund scheme i.e., Quant ELSS Tax Saver Fund and the returns it generated in order to elucidate the power of compounding.

₹1600 crore is open for subscription and is witnessing a tepid response. Entero Healthcare Solutions IPO opened for subscription on Friday, February 9. At the end of day 1, Entero Healthcare Solutions IPO subscription status was 10 per cent.

₹20,000 a month, more than half of which goes into repaying the loan she took to study nursing in a private college. Jose’s day starts with checking the inventory and the handover of patient data from nurses in the previous shift. Then she proceeds to accompany the doctors on their rounds.

Sectorally, buying was seen in the bank, consumer durables, healthcare, and FMCG stocks while selling was seen in infrastructure, oil & gas, public sector, and metal stocks.

health insurance policy provided by ICICI Lombard General Insurance Company Limited. This insurance plan ensures coverage for hospitalisation-related expenses, serving as a safeguard for both savings and healthcare. Designed to promote a happy and fulfilling life for you and your family, ICICI Lombard's Health AdvantEdge Plan offers a robust, comprehensive, and affordable health insurance solution.

Jana Small Finance Bank IPO: GMP, how to check status as focus shifts to allotment date "The surge in domestic capital influx, robust growth of Indian entrepreneurial endeavors, advancements in governance standards, and the active engagement of conscientious institutional investors collectively contribute to the sustained momentum expected in the IPO market throughout 2024. This week, commencing February 22nd, 4 mainboard IPOs Appejay Surrendra Park Hotels, Rashi Peripherals, Jana Small Finance Bank and Capital Small Finance closed to raise cumulative of 2,613 crores," said Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Pvt. Ltd.

Healthcare Global Enterprises declared their Q3 FY24 results on 08 Feb, 2024. The topline increased by 10.62% & the profit decreased by 24.4% YoY.