Healthcare Financial News

Medi Assist Healthcare IPO: The mainboard initial public offering (IPO) of insurance-tech company will be opening for subscription from tomorrow, January 15, 2024. The company is a third-party administration (TPA) services provider to insurance companies and offers offers medical insurance and cashless hospitalization through a network of healthcare service providers. The company also acts as a mediator between general and health insurance companies and their insured members, insurance companies and healthcare providers (such as hospitals), and the government and beneficiaries of public health schemes.

The good news is the probability of a recession is down sharply, according to The Wall Street Journal’s latest survey of economists. The bad news is that, for a lot of people, it is still going to feel like a recession. Business and academic economists surveyed by the Journal lowered the probability of a recession within the next year, to 39% from 48% in the October survey.

IPOs Next Week: The primary market witnessed some major listings in both main board and small- and medium-sized enterprise (SME) segments last month, which kept investors engaged with subscriptions and listings. Moving on, the second week of January sees strong market buzz - similarly packed with new listings and initial public offering (IPO) issues, that are available for subscription. In the primary market during the period 6-13 January, the mainboard IPO of Jyoti CNC opened to raise ₹1,000 crore.

Rajnath Singh on Sunday said the Narendra Modi government is leaving no stone unturned to ensure their well-being, be it implementing the «one rank, one pension» scheme or providing healthcare and re-employment. Indian soldiers rise above family, caste and creed in the service of the nation as they know if the country is secure, everything is safe, he said, adding their integrity and professionalism is respected and recognised not just by the whole country but by the entire world. Addressing an Armed Forces Veterans' Day event at the Air Force Station in Kanpur in Uttar Pradesh, Singh said it is a collective responsibility of the people to treat soldiers and their dependents as their own family members and ensure that they stand with them always.

PTI report, healthcare industry body NATHEALTH has advocated for a hike in healthcare spending to 2.5 per cent of the GDP and the rationalisation of the GST framework. “Additionally, we aim to enhance the medical value travel segment by addressing the MAT credit issue and strengthening the healthcare value chain, which is essential for driving economic growth and creating new job opportunities," NATHEALTH MD and CEO Ashutosh Raghuvanshi said.

IPO) of Epack Durable will open for subscription on January 19 and will be available for the public to bid till January 23. The IPO comprises a fresh equity issue of up to Rs 400 crore and an offer for sale (OFS) of up to 10,437,047 shares by selling shareholders. Bajrang Bothra, Laxmi Pat Bothra, Sanjay Singhania, Ajay DD Singhania, Pinky Ajay Singhania, Preity Singhania, Nikhil Bothra, Nitin Bothra, and Rajjat Kumar Bothra are the promoter and group entities selling part of their stake in the company. Bajrang Bothra, Laxmi Pat Bothra, Sanjay Singhania, and Ajay DD Singhania, collectively hold 42.90% in the company. India Advantage Fund and Dynamic India Fund, the two funds managed by ICICI Ventures, will also sell stake in the company.

While the overall trajectory for markets remains positive in the coming week, there are several factors that will decide the sustainability of gains. “The Q3FY24 earnings season will be the biggest factor in driving the market movement,” said Arvinder Singh Nanda, senior vice president, Master Capital Services. Some of the major companies like HDFC Bank and Reliance Industries are scheduled to release their earnings in the week ahead. Besides earnings, global markets, corporate actions, and fund flows will also decide the course of action for Dalal Street.

While the headlines are occupied with the wedding of Bollywood superstar Aamir Khan’s daughter Ira Khan to her beau Nupur Shikhare, another high-profile couple is also preparing for their big day! The wedding bells are ringing for Anant Ambani( the youngest son of Reliance Industries Chairman Mukesh Ambani and his wife Nita) and his fiance Radhika Merchant. While not many details are known about their upcoming wedding, details about their wedding invitation card have gone viral on the Internet. The card which includes a handwritten note by the Ambanis, reads, “We are thrilled to invite you to Radhika and Anant’s pre-wedding festivities at the Reliance Greens in Jamnagar, from March 1-3 2024. With the blessings of Smt Kokilaben & Shri Dhirubhai Ambani, Smt. Purnimaben & Shri Ravindrabhai Dalal we are delighted to invite you to the pre-wedding celebrations of our son." The note also added a detailed history of Jamnagar. Established in 1997, it soon developed into the world’s largest grassroot refining complex. The proud parents also wrote about how their son Anant had transformed the complex into a haven for rescued animals. The couple then invited the guests to attend the wedding and shower blessings on the couple. Radhika and Anant have known each other for quite a few years. The pair got engaged in 2022 at the Ambani residence in Antilia in Mumbai in a traditional Gujarati ceremony, that consisted of rituals such as Gol Dhana, Chunari Vidhi etc.

Karnataka has reported the highest number of JN.1 cases at 215, followed by Andhra Pradesh (189), Maharashtra (170), Kerala (154), West Bengal (96), Goa (90), Tamil Nadu (88) and Gujarat (76), news agency PTI said while quoting the data compiled by INSACOG. Telangana and Rajasthan reported 32 JN.1 cases each, Chhattisgarh recorded 25, Delhi (16), Uttar Pradesh (7), Haryana (5), Odisha (3), and Uttarakhand and Nagaland 1 each, the PTI report further added.

In a world where health is both a priority and an unpredictable challenge, the burden of out-of-pocket medical costs (OoPE) often weighs heavily on individuals and families. The quest for effective strategies to minimize these costs has never been more critical.

Medi Assist Healthcare IPO: The initial public offering (IPO) of Medi Assist Healthcare Limited is going to hit the Indian primary market on 15th January 2024 i.e. on Monday next week. The public issue will remain open for bidders till 17th January 2024.

DSP Asset Mutual Fund announced the launch of the DSP Nifty Healthcare ETF, an open-ended exchange-traded fund scheme replicating/ tracking the Nifty Healthcare index. The scheme opened for public subscription on January 11, 2024, and will close on January 25, 2024. The scheme re-opens for continuous sale and repurchase within five business days from the date of allotment.

₹5 lakh to ₹10 lakh in the interim budget on 1 February, two officials aware of the matter said. The Union budget for FY24 had allocated ₹7,200 crore for Ayushman Bharat, a number that may more than double to around ₹15,000 crore in FY25. The health ministry has requested the finance ministry for ₹1.1 trillion for FY25, up 23% from ₹89,155 crore in FY24, said one of the two officials cited above, both of whom spoke on the condition of anonymity.

₹351.5 crore through its anchor book issue ahead of the upcoming IPO. The company allocated 84,08,449 equity shares to anchor investors at ₹418 per share, as per the regulatory filing.

WASHINGTON (Reuters) -Major U.S. banks reported lower profit on Friday in a choppy fourth quarter clouded by special charges and job cuts, with signs an income boost from high interest rates is waning and some consumer loans are starting to sour.

Investing.com — JPMorgan Chase (NYSE:JPM) has unveiled a forecast for annual net interest income that topped analyst estimates, while higher interest rates lifted profits to record levels in 2023.

Investing.com — UnitedHealth Group (NYSE:UNH) has reported a jump in medical care costs in the fourth quarter, although growth in the healthcare giant's services businesses and investments helped push adjusted earnings per share above average analyst expectations.

mutual fund scheme, investors often weigh a slew of factors such as the category it belongs to, the fund house that runs it, scheme’s asset size, its constituent stocks and sectors, and importantly – the returns it has delivered in the recent past. Although the past returns do not guarantee consistent future returns, they still hold a lot of importance compared to most of the other factors. Here, we give a lowdown on one of the top-performing mutual funds i.e., Tata Digital India Mutual Fund that has an asset size of ₹9,272 crore.

Also Read- HAL, BEL, BDL: 4 fundamental factors that keep 2024 outlook firm for Defence PSU With decreasing margin of safety, they have downgraded Dr Reddy's to Underperform Ratings. They have upgraded Torrent to Buy from Hold on attractive valuations relative to peers.

“Key areas of focus could include tax relief measures to boost consumption and investment, especially for salaried individuals and MSMEs,” says Sonam Srivastava, smallcase Manager & Founder, Wright Research. In an interview with ETMarkets, Srivastava said: “Increased allocation for infrastructure projects is anticipated, which would create jobs and stimulate economic growth,” Edited excerpts: The market seems to have climbed all wall of worries to hit fresh highs in the first week of January 2024. But the voice is getting louder both domestic and global that these valuations are unsustainable. What is you take? Sonam Srivastava: The market reaching new highs in early 2024 reflects a blend of optimism and speculative fervor. The concerns about unsustainable valuations, both domestically and globally, are not unfounded.

While renewing our life and health insurance policies, we often forget to pay attention to some of the crucial things. In case of insurance, it is very important to keep adjusting your past policies based on existing circumstances to avoid surprises. Life and health covers are crucial safeguards against unforeseen circumstances in life. These policies offer financial security and peace of mind, ensuring you and your family remain protected against medical expenses and life’s uncertainties. However, renewing these policies requires careful consideration and evaluation to ensure they continue to meet your evolving needs.