Healthcare Financial News

Mint Healthcare Summit 2023 that fear, not increased awareness, drove people to buy health insurance during and after covid. That said, health insurance very much remains a push product in India. Dr Mishra is director - product, underwriting & claims, at Niva Bupa Health Insurance.

By now, hearing “NFT” in any context evokes some sort of reaction — good or bad. Some may be immediately thrust back to the spring of 2021 when digital artist Beeple sold an NFT of his original artwork for $69 million. Others might remember Peter Davidson’s singing “What the hell’s an NFT?” on Saturday Night Live. But for others, it’s less about novelty and more about utility.  

The growing concern over the surge in pneumonia cases in China and the anticipation of a potentially more formidable virus than COVID-19, as predicted by medical experts, have prompted individuals to reassess their decisions regarding health insurance. An increasing number of individuals now recognize the significance of possessing sufficient health insurance coverage. 

Explore the dual facets of the nation's health sys... moreExplore the dual facets of the nation's health system at the Mint Healthcare Summit 2023.

(Reuters) — European shares inched higher on Wednesday, with Frankfurt shares leading gains after data showed easing inflation in the German state of North Rhine-Westphalia, while British blue-chip stocks dipped as the pound stayed elevated.

Aster DM Healthcare rallied nearly 15% to Rs 382 in Wednesday's trade on BSE after the firm announced that it would sell its stake in its Gulf business to Alpha GCC Holdings for $1.01 billion as it looks to separate its businesses in India and the Middle East. The sale is anticipated to be completed in quarter 4 of the financial year ending 2024. “The board of directors of Affinity approved the sale of shares held by Affinity in Aster DM Healthcare FZC to Alpha GCC Holdings Limited and the execution of definitive agreements in connection with the Transaction,” said Aster in a filing. The buyer, owned by Aster India's promoters and funds managed by Fajr Capital Advisors Limited, will have a shareholding ratio of 35:65, respectively.

Cost of Living LIVE Updates November 29: The cost of living is basically 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.

Aster DM Healthcare share price rallied over 14% to hit a fresh 52-week high on Wednesday after the company approved to sell its GCC (Gulf Cooperation Council) business for over $1 billion. Aster DM shares jumped as much as 14.83% to a new high of ₹382.00 apiece on the BSE. Hospital chain Aster DM Healthcare on Tuesday announced to separate its Gulf business and sell it to its Indian promoters (Moopen family) and a Dubai consortium for $1.001 billion.

Karnataka government's health department has put its healthcare infrastructure across the state on alert mode following reports of a surge in respiratory illnesses among children in China. The action comes after the Centre issued an advisory to States and Union Territories urging them to immediately review public health and hospital preparedness measures.

TCS: The ₹17,000 crore-share buyback programme of India’s top software services exporter Tata Consultancy Services (TCS) will open on 1 December. The buyback, where investors can sell to the company their shares at an offer price of ₹4,150 apiece, will close on 7 December, TCS said in a regulatory filing on Tuesday. The IT bellwether aims to repurchase up to 40.9 million shares (1.12% of the total equity share capital) at ₹4,150 apiece in a buyback valued at ₹17,000 crore.

NEW DELHI : Union health minister Mansukh L. Mandaviya will lead a galaxy of thought leaders, healthcare honchos, investors and independent experts at Wednesday’s Mint Healthcare Summit, the seventh edition in the series.

Mint. The development assumes significance because retail milk prices have shot up year-on-year, as fodder, a key feed ingredient for livestock, has become more expensive. On Sunday, the all-India average retail milk price stood at ₹57.52 a litre against ₹54.9 during the corresponding period last year. Fodder makes 70% of the cost of livestock management, with the remaining 30% going on breeding and healthcare, this person said.

By Carolina Mandl

Aster DM Healthcare announced on Tuesday that it would sell its stake in its Gulf business to Alpha GCC Holdings for $1.01 billion as it looks to separate its businesses in India and the Middle East. The sale is anticipated to be completed in quarter 4 of financial year ending 2024. “The board of directors of Affinity approved the sale of shares held by Affinity in Aster DM Healthcare FZC to Alpha GCC Holdings Limited and the execution of definitive agreements in connection with the Transaction,” said Aster in a filing. The buyer, owned by Aster India's promoters and funds managed by Fajr Capital Advisors Limited, will have a shareholding ratio of 35:65, respectively.

MUMBAI : Aster DM Healthcare has agreed to sell its gulf business to its India promoters and Fajr Capital Advisors for $1.01 billion, the company said on Tuesday. While sovereign-backed private equity Fajr will own 65% of the new entity, Alpha GCC Holdings Ltd, the promoter of Aster India will own 35%, at the close of the transaction. The selling entity is Affinity Holdings Pvt Ltd, a wholly owned material subsidiary of Aster DM Healthcare, that operates the entities conducting business in the Gulf Cooperation Council (GCC) region.

health insurance coverage, addressing the dynamic nature of health-related uncertainties. This new plan caters to the varied healthcare requirements of families residing in Tier I to Tier IV locations.

The other top categories that topped sales were lifestyle and electronics during the recent festive shopping season. Mobile phones, adaptors, and earpods were the top-selling products in the electronics category with brands like Redmi, OnePlus and Boat taking the lead, according to the report. The report noted that 47% sales of beauty products were contributed by consumers in the 18-24 year age group. The report further flagged healthcare and nutrition as categories with greater awareness and demand, underscoring the competition among brands vying for limited space within marketplaces. Somdutta Singh, founder and chief executive at Assiduus Global Inc, said in a statement: “Embracing online shopping as the new norm, the Indian e-commerce sector is poised for remarkable expansion.” He said the surge was led by Gen Z and millennial consumers, indicating that the digitally savvy generation is dominating the online shopping space in India.

Labor unions have staged a day of protests and strikes across the Czech Republic to voice their opposition to the government’s package of cuts and austerity measures meant to keep the ballooning deficit under control

By Shristi Achar A and Amruta Khandekar

₹1,000 crore towards its maiden credit fund, marking its entry into private credit. True North, with assets under management of over $3 billion, raised capital from Indian ultra-high net worth individuals (UHNIs) and family offices. It will look to deploy the capital over the next five years and is targeting a 15-18% internal rate of return (IRR), Vishal Nevatia, founder and managing partner, True North and Kapil Singhal, managing partner at True North’s private credit unit said.

Investing.com — U.S. futures edged lower Monday, as investors took profits given the strong gains this month to date ahead of the release of more important inflation data this week.