Healthcare Financial News

Sandip Sabharwal, asksandipsabharwal.com, says “the overall small and midcap universe is richly valued. On top of that, there is risk in the markets and globally also we have seen significant run-ups in markets, huge amounts of record inflows into funds in recent weeks. This typically indicates that some short-term top will be formed, which should give up in my view 5% to 7% from the top.” What have you made of this temporary blip that we saw yesterday and now the recovery thereof or was it really a temporary blip or do you think we have seen the peak in yesterday's high for this year? Sandip Sabharwal: This year it is very unlikely because it is just seven-eight days to go.

At a time when major economies globally are facing growth headwinds, India is in a sweet spot, and foreign investors are looking to India for their growth portfolios, says Rajesh Bhatia, chief investment officer at ITI Mutual Fund. The key industries beckoning foreign investors in India in 2024 include healthcare and insurance, fintech, renewable energy, automobiles, real estate and infrastructure, among many others, Bhatia said in an interview with ETMarkets. “These have all been on a hot streak in 2023, as foreign direct investment (FDI) policies have relaxed in recent years, and production-linked incentive (PLI) schemes have promoted industry-wise capacity building,” he said. Edited excerpts: How has the year 2023 largely been for the funds managed by you? If we look at the financial year, then FY23 was a flat year for the indices. However, it was also a “stock-pickers” market, meaning analysts who could diligently assess the prospects of individual companies and businesses, did better.

Noida resident has tested positive for Covid, in a first case of the infection in Uttar Pradesh's Gautam Buddh Nagar after several months, officials said. The patient is a 54-year-old male who lives in Noida but works at a multinational company in Gurugram, Gautam Buddh Nagar Chief Medical Officer Dr Sunil Sharma said on Thursday.

LIC The Department of Economic Affairs has decided to grant a one-time exemption to Life Insurance Corp to achieve 25% minimum public shareholding (MPS) within 10 years from the date of listing. GMR Airports NIIF will invest up to Rs 675 crore in the upcoming greenfield airport at Bhogapuram, Andhra Pradesh being developed by GMR Airports. Lupin LupinLife, the consumer healthcare business of Lupin, announced the launch of Softovac Liquifibre, a 100% Ayurvedic liquid laxative. Read more: Here's the trade setup for today's session Maruti Suzuki NCLAT adjourned the CCI matter and listed for next hearing on February 2, 2024. Brigade Enterprises Brigade Group leased office space to Sidvin Core-Tech India. The 10-year agreement is for Grade A office space at Brigade Deccan Heights in Northwest Bangalore. MOIL MOIL production has surpassed 16 lakh tonnes on 20 December.

₹932 Crore to support Sustainable Development Goals (SDGs) initiatives in India. JICA, in a statement on Thursday, said that this loan will fund projects overseen by NITI Aayog. These projects are set to impact 112 aspirational districts and 500 aspirational blocks nationwide.

Indian stock market: How big is the Covid-19 risk for equities? Experts answer Domestic market benchmarks opened lower, tracking weak global cues, but rebounded sharply as the day progressed. The Nifty 50 touched its intraday low and high of 20,976.80 and 21,288.35, respectively, while the Sensex hit its intraday low and high of 69,920.39 and 70,958.71, respectively, during the session. Sensex finally closed the day with a gain of 359 points, or 0.51 per cent, at 70,865.10 while the Nifty 50 settled at 21,255.05, up 105 points, or 0.50 per cent.

General Atlantic is set to acquire about 70% stake in Ujala Cygnus Healthcare Services, the Delhi based multi-specialty hospital chain owned by media group Amar Ujala, said multiple people aware of the development. The deal will value the chain at about Rs1600 crore. GA will acquire about 51% stake held by existing investors — Eight Roads Ventures India, Evolvence India Fund and Somerset Indus Healthcare Fund.

online doctor consultations, the platform empowers individuals to take charge of their health without the constraints of traditional healthcare practices. Teleconsultation is a transformative healthcare practice that leverages technology to facilitate remote consultations between patients and healthcare professionals. This innovative approach comes with a host of benefits, reshaping the healthcare landscape: Bajaj Finance Limited through its partner offers eBH Health Prime Max as a pocket-friendly teleconsultation plan which is available at an affordable premium of Rs.

The government is of the view that to achieve the vision of Insurance for All, more concentrated steps need to be taken to drive health insurance penetration and keep it affordable. According to a recent report by the National Insurance Agency, over 400 million individuals, or about a third of the population, lack health insurance due to lower penetration, coverage inadequacy and rising healthcare costs. «There are various challenges and opportunities, such as standardisation of treatment costs and settling health claims, that can be addressed by a sectoral regulator in the health insurance segment,» said one of the officials aware of the developments. Another official said that the Department of Health and Family Welfare under the Ministry of Health is now expected to call a meeting of all stakeholders, including insurance companies, to thrash out a detailed plan and the role of a possible health regulator. «A health regulator can further broaden the scope of the national Health Claims Exchange and can be entrusted with more powers to function like an industry watchdog,» said another official, clarifying that some of these are preliminary suggestions. In January 2019, the government had reconstituted the National Health Agency as the National Health Authority (NHA), responsible for implementing India's flagship public health insurance/assurance scheme Ayushman Bharat. The Insurance Regulatory and Development Authority of India (IRDAI) regulates insurers that provide health cover among other products.

₹4,200 crore this year on implementing the scheme. One way to scale up would be to target what is called the “missing middle"—those who hover just above the poverty line and therefore do not qualify for benefits, but are still too poor to afford private healthcare.

anchor investors ahead of its initial public offer (IPO), which opens on Thursday. The three-day issue will close on December 26, Tuesday, as markets will remain shut for trading on December 25, Monday, on account of Christmas. The anchor investors were allotted 3,816,963 shares to 17 investors, which included the likes of ICICI Prudential Pharma Healthcare and Diagnostics (PHD) Fund, Kotak Mahindra Trustee Co Ltd A/C Kotak Healthcare Fund, 360 One Special Opportunities Fund Series-9, Bandhan Smallcap Fund, Aditya Birla Sun Life Company, among others. As per the filing to the exchanges, six domestic mutual funds have applied through a total of eight schemes, accounting for 44.88% of the anchor investor portion. The amount raised through them is over Rs 76.74 crore, the filing said. About Innova Captab: Innova Captab is an integrated pharmaceutical company in India with a presence across the pharmaceutical value chain, including research and development, manufacturing, drug distribution and marketing, and exports. Innova Captab IPO Structure: The price band of this public issue is fixed at Rs 426-448, and at the upper end, the company plans to raise Rs 570 crore. Investors can bid for 33 shares in one lot and in multiples thereafter. About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors, and the remaining 15% for non-institutional investors. Innova Captab IPO GMP today: According to market analysts, the current GMP of Innova Captab is Rs 210 in the unlisted market.

Aurobindo Pharma were locked in at over four per cent upper circuit at ₹1,081.45 apiece on the BSE, hitting its new 52-week high mark on Wednesday, December 20. The surge in share price came after the US Food and Drug Administration (FDA) had conducted an inspection at a subsidiary of the pharma major earlier today.

Mercer Marsh Health Trends Report 2024. As per the report, several insurers are recogninsing the need for wider cancer support to reduce claim costs. 43% of insurance firms make cancer rehabilitation and return-to-work support globally.

healthcare and the nuanced influence of social media on shaping India's wellness landscape in recent years. India’s Wellness Index gauges well-being and assesses the present state of wellness across various pillars simultaneously. With a score of 72 out of 100, the index indicates a rise in digital well-being and the utilization of health technology.

Hiring of freshers is likely to decline in the current fiscal as major IT companies look to freeze intake of freshers, according to a report.

Bandhan Bank on Tuesday announced the introduction of a new facility aimed at the senior citizens of the country. The bank launched 'INSPIRE' which will offer 8.35 per cent interest per annum on fixed deposits for a tenor of 500 days.

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Coal India, with strong uptick in production, power producers as NTPC, capital goods major BHEL and many others have given strong returns. Also Read- PNC Infratech shares surge over 6% as company bags new hybrid annuity road project The Nifty realty Index has been the largest gainer. Analysts ta ICICI Securities have highlighted that concerns over rising mortgage rates impacting demand have been addressed by all companies under their coverage which clocked record residential sales bookings in FY23 (up 43% YoY in value terms) and momentum sustained in H1FY24 in spite of the absence of big-ticket launches by most developers.

budget allocation on health to 2.5 per cent of GDP while also calling for a restructuring of the healthcare GST framework. In its pre-Budget recommendations, NATHEALTH underlined the need for the government to embark on transformative measures that prioritise bolstering healthcare infrastructure and making strategic investments to overcome supply side constraints. «India's public healthcare spending remains low, at only around 1.6-1.8 per cent of GDP. These allocations are insufficient to tackle the magnitude of healthcare challenges,» NATHEALTH said in a statement. It recommended «increasing budget allocation to 2.5 per cent of GDP to augment the social insurance schemes, boosting healthcare reforms and infrastructure and fast-tracking digital health services across India.» On the need for rationalisation of GST for the healthcare sector, it said, «Although increased budget allocation has been a longstanding request from the sector, there remains another persistent issue concerning the healthcare credit chain through GST.» Indirect taxation and lack of input credit for providers poses a significant challenge for the healthcare industry, NATHEALTH said, adding that it «strongly recommends outlining a reform agenda in the Finance Bill aimed at restructuring the healthcare GST framework». NATHEALTH President Ashutosh Raghuvanshi said, «India's healthcare demands urgent and strategic reforms.

Bandhan Bank can now celebrate a new initiative tailored just for them, known as ‘INSPIRE’, recently introduced by the bank. The ‘INSPIRE’ program extends the existing perks, including preferential interest rates, priority banking services, and doorstep banking facilities, to senior citizen customers of the bank. Additionally, this initiative offers life care benefits such as exclusive discounts on medication purchases, diagnostic services, and medical treatments.

Max Healthcare Institute on its plea for stopping the sale of Care Hospitals to the Blackstone Group. Justice Manish Pitale in an oral order, upheld a July 19 order passed by the arbitrator by which he refused to grant urgent interim relief to the listed hospital chain and also refused to grant status quo as regards third-party rights.