Healthcare Financial News

₹850-900 crore will ensure robust financial support," said Shetty. He added that over the next two-three years, the company wants to take the total tally of beds in India to more than 6,000, which will include the upcoming Aster Capital in Trivandrum with 350-plus beds in the first phase by FY26, and Aster MIMS Kasargod with 200-plus beds.

Quadria Capital, the Asia healthcare-focused private equity fund, is in advanced talks to acquire a significant minority stake in India's largest dialysis chain NephroPlus, valuing the latter at ₹2,000 crore ($250 million), said two sources aware of the development. Existing investors — the US-based Bessemer Venture Partners (BVP) and International Finance Corporation (IFC) — will exit fully by selling about 30% stake together, while the largest shareholder Investcorp is likely to sell a small stake in this round, said sources. Investcorp owns about 35-40% stake in NephroPlus.

By Shashwat Chauhan and Ankika Biswas

In 2019, India recorded approximately 1.2 million new cancer cases and 9,30,000 deaths, securing its position as the second-largest contributor to the disease burden in Asia for that year, as revealed in a recent study published in The Lancet Regional Health Southeast Asia journal.

PayNearby and Star Health and Allied Insurance have recently formed a strategic collaboration aimed at enhancing the accessibility and affordability of health insurance coverage throughout the country, with a particular focus on the semi-urban and rural population. 

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Career enablers such as flexi-timing and remote working play a crucial role in women’s workforce participation, a study by leading diversity, equity, and inclusion (DEI) solutions company Avtar group has said. However, workplace enablers extended by employees alone cannot ensure women’s sustained employment; it requires significant investment from the city and state, as per the second edition of ‘Top Cities for Women in India (TCWI)’ index. The index ranks Chennai, Bengaluru, Pune, Mumbai, and Hyderabad as the top five cities for women in India. The scores are based on three parameters – social inclusion, industrial/workplace inclusion, and citizen experience (safety, etc).

stocks witnessed a build of fresh short positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh short position or not.

personal income tax, particularly in the New Tax Regime, Gupta added. The deduction limit under Section 80D for medical insurance premiums should be increased from ₹25,000 to ₹50,000 for individuals and ₹50,000 to ₹75,000 for senior citizens, reflecting rising healthcare costs.

₹150 crore in Ebitda (earnings before interest, tax, depreciation, and amortization) when they list—which is typically the expectation that capital market investors have for listed companies. “We are seeing strong institutional investor interest in scaled healthcare delivery and pharmaceuticals assets in the capital markets. Many of these listed entities are trading at huge premiums, which is a reflection of demand and supply in this space," Buggana said.

(Reuters) — Goldman Sachs Asset Management said on Wednesday it had raised $650 million for a new fund that will invest in startups related to the life sciences sector.

Beauty and personal care (BPC) products in the burgeoning direct to consumer (D@C) segment emerged as the largest selling category in India after about 3.7 lakh packs of Vitamin C Serum were sold during 2023, according to GoKwik’s network data report. The highest repeat rate was also observed in BPC at 30%, followed by fashion at 28%. The electronics category saw one of the lowest repeat rates, at 14%. “D2C brands are increasingly becoming shopper favourites.

By Ankika Biswas

Indian share markets ended calendar year 2023 on a strong note, notching around 20% gains, most of it coming in the latter half of the year. While Nifty 50 and BSE Sensex gained about 15% in the last two months of the year, midcap stocks stole the show, with the BSE Midcap index shooting up by 20.4%. Several factors contributed to the rise, including healthy domestic macro numbers, cooling inflation in the US, and higher inflows from foreign portfolio investors (FIIs).

Indian Institute of Technology Kanpur (IITK) has filed a record 122 intellectual property rights (IPRs) and achieved a licensing rate of around 14% to industry partners in 2023, the premier technology institute said in a statement on Wednesday. IIT Kanpur has now filed a total of 1,039 IPRs to date, a testimony to its strength in cutting-edge research and innovation. The 122 IPRs filed last year include 108 patents, four design registrations, three copyrights, and one trademark application, along with four US and two China patents. The year also saw 167 IPRs being granted with 15 technologies licensed. The patents are for inventions from varied domains such as MedTech and nano technology, including innovative healthcare solutions like a portable medical suction device and a continuous lung health monitoring system.

SHANGHAI (Reuters) — Chinese money managers are rushing to create funds tracking the newly-launched CSI A50 Index, which analysts say is a better reflection of China's economic landscape and government priorities than the country's stock benchmarks.

Cost of Living LIVE Updates January 03: The cost of living is the amount of money one needs to survive in a given place – and one's most essential needs such as food, water, housing, taxes, cost of commute, healthcare, etc. The high rate of inflation has pushed up the cost of living across the globe, burning a hole in the common man's pocket.

Omron Healthcare, the world's largest maker of home blood pressure monitoring (BPM) devices, is betting big on India where the number of people suffering from hypertension is on rise as the population ages and lifestyles change. In an interview to ET, Tetsuya Yamada, managing director of Omron Healthcare India, said the device maker plans to expand its footprint in India and go beyond metro cities, roll out new products, strengthen online distribution, and partner local pharmaceutical companies and startups to raise awareness. «India has just 2% penetration of home BPM; when compared to BRICS it is very low.

₹190.6 crore from ₹168.8 crore in the previous financial year, India Ratings said in a report in June based on the company’s provisional financials. Aizant broadly operates four segments–clinical research, formulations, internal products, and contract manufacturing operations (CMO), which includes services from drug development to manufacturing.

ALSO READ: BRICS Summit 2023 Highlights HERE "Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates joined BRICS as new full members which is a strong indication of the growing authority of the association and its role in international affairs," the Russian president said. 1. In a statement on the start of Russia's BRICS Chairmanship, Putin said in the statement published on the Kremlin website that the Russian 2024 BRICS Chairmanship will "focus on positive and constructive cooperation with all countries concerned".

BRICS bloc of top emerging economies, including India, Russia and China, has announced induction of five full members into it as part of an attempt to expand its strategic heft against the backdrop of Western dominance in world affairs. As Moscow assumed the presidency of BRICS, Russian President Vladimir Putin said on Monday that the grouping has become a 10-nation body now with Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates joining it as new members.