Healthcare Financial News

India needs an additional 2.4 million (24 lakh) hospital beds to reach the recommended ratio of 3 beds per 1,000 people, fuelling the demand for healthcare-related real estate space, according to Knight Frank. Currently, India has an estimated 70,000 hospitals, of which 63 per cent are from the private sector, global real estate consultant Knight Frank and US-based Berkadia said in their report released on Thursday. «India is facing a deficit of 2 billion sq ft of healthcare space to cater to its current population base of 1.42 billion people,» Knight Frank India said in a statement.

healthcare market, which was estimated to be $372 billion in 2022, up significantly from $73 billion in 2012. The Indian government has identified 582 investment opportunities in medical infrastructure, including hospitals, valued at $32 billion. The hospital industry accounts for 80% of the healthcare market in India.

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GMP: The company's shares in the grey market are trading at a healthy premium of ₹73, indicating an over 43 percent premium at listing. However, one must note that grey market premium is only an indicator of how the company's shares are performing in the unlisted market and can change quickly. The ₹501 crore IPO of Gandhar Oil opened for subscription on November 22 and will close on November 24.

FPI holdings in Indian stocks reached their lowest level in a decade at 16.6%, according to a research report by ICICI Securities. Smallcap and midcap stocks have outperformed largecap stocks this year and on a 12-month basis. According to Trendlyne data, the Nifty Smallcap 100 index has advanced 39% on a year-to-date basis and nearly 43% in the last year, while returns by Nifty Midcap 100 are around 28% and 35%, respectively. FPIs are traditionally less inclined towards small and midcap stocks compared to largecap peers, the report said. On the other hand, largecaps have been at the receiving end of this trend, having witnessed a dip in their FPI holdings.

The world is witnessing an extraordinary transformation driven by the rapid advancement of artificial intelligence (AI), data, and CRM innovations. Similar to how emails and SMS revolutionised communication, generative AI stands to impact every aspect of our personal and professional spheres. According to a report by Nasscom, India has achieved a remarkable AI skills penetration factor of 3.09, surpassing all G20 and OECD countries. This indicates that the country’s tech talent is three times more likely to possess or report AI skills than other nations.

(Reuters) — More than 400 Macy's (NYSE:M) workers in Washington state are planning a three-day strike from Black Friday through Sunday, alleging unfair labor practices and demanding better wages, according to UFCW Local 3000's website.

NCLT) has allowed an exclusion of 936 days from computation of the 270 days for the Corporate Insolvency Resolution Process (CIRP) of realty developer Lok Housing and Constructions in one of the highest such exclusions provided to any company so far. As per the bankruptcy regulation, the lenders and the resolution professional are expected to complete the resolution process within a total of 270 days, failing which the Mumbai-based company will undergo mandatory liquidation. With this exclusion, the company’s liquidation is likely to be deferred as the court has granted additional about two and a half years to complete the resolution process. The bankruptcy court usually provides exclusion to companies under insolvency on a case-to-case basis and in this instance, the decision was taken following a plea from its interim resolution professional (IRP). The tribunal had originally admitted the company for insolvency process based on an application filed by healthcare company USV after the developer defaulted on its dues in 2019. The firm has admitted liabilities worth over Rs 621 crore. The resolution professional was appointed in June 2019.

Nifty has been flattish in the past 6 weeks and gave just a 1.6 percent return in the past one quarter on the back of multiple headwinds. Moreover, strong DII flows have also been neutralized by FII outflows. Still, the market has taken all headwinds in its stride and the action has been very stock-specific as Mid/small caps continue to outperform large caps, a report by domestic brokerage house Prabhudas Lilladher stated.

The benchmark equity indices are trading in negative territory on Wednesday. The NSE Nifty 50 is trading at 19,741.55 down 021%, while the BSE Sensex is trading at 65,780.75 down 150.52 points. Smallcap stocks are leading the losses among the broader indices. PSU Bank, Realty, Metal and Media stocks are facing a downward trend among the other sectoral indices while Pharma, Healthcare, Auto and IT trade in green. 

Often there are situations in life when it becomes difficult to arrange funds and we need to take decisions that can make or break our financial health. Financial emergency is one such situation when the possibility is very high to lose out a large chunk of your savings paying medical bills. The Covid-19 like health crisis can completely wipe out all our savings.

Nifty may hit a target of 22,584 in the next 12 months even as the market manoeuvres through headwinds like US interest rates, El Nino's impact on crops and inflation, volatile crude prices and the election year in India, Prabhudas Lilladher said in a note on Wednesday. The brokerage remains positive on auto, banks, capital goods, hospitals, and discretionary consumption and picks Max Healthcare, Hindalco Industries, Eris Lifesciences and Sunteck Realty as its conviction buys. As its contra picks, Prabhudas has added Kajaria Ceramics and Restaurant Brands Asia while removing SBI, Carborundum, Chalet Hotels and Crompton Greaves Consumer Electricals. The broking firm has also raised its target price on Maruti Suzuki, Ceat, Aarti Industries, Axis Bank, ICICI Bank, Supreme Industries, Voltamp Transformers, RR Kabel, Fortis, Max Healthcare Institute, Jindal Stainless, IPCA and Lupin.

health insurance support from their employers. The report found that the burden of healthcare expenses is disproportionately affecting over 90 million individuals, with costs exceeding 10 percent of their total expenditure. India's employment landscape is expected to grow significantly, from 522 million individuals in 2022 to an estimated 569 million by 2030.

A $3.75 billion deal for pharmaceutical and animal goods distributor EBOS to buy pet food and veterinary business Greencross has collapsed at the last minute after tepid investor support for funding the acquisition.

₹500.69 crore from the public offer. The company had filed its draft red herring prospectus in December 2022 and received market regulator Securities & Exchange Board of India’s (SEBI) approval in June this year. Gandhar Oil Refinery India has a leading market share in the Indian white oil market with significant overseas presence.

Gandhar Oil Refinery India will open for subscription today and remain open until November 24. The company aims to raise ₹302 crore via the issuance of fresh equity shares, whereas existing shareholders and promoters will offload 11,756,910 shares, aggregating to ₹198.69 crore. The total size of the IPO was ₹500.69 crore.

Also Read: Tata Technologies IPO vs IREDA IPO vs Gandhar Oil Refinery IPO: Which upcoming IPO is better? The products were sold in more than 100 countries worldwide as of June 30, 2023. With the support of our extensive global supplier base and manufacturing operations in India and the United Arab Emirates, Gandhar Oil Refinery India served over 3,500 customers in the Financial Year 2023, including well-known Indian and international businesses like Procter & Gamble (P&G), Unilever, Marico, Dabur, Encube, Patanjali Ayurved, Bajaj Consumer Care, Emami, and Amrutanjan Healthcare, as per Red-herring prospectus (RHP).

regulatory approval processes in the UK impact India's exports of medical devices to the British market, think tank GTRI said on Wednesday. To promote exports of these devices, it said, India should negotiate a Mutual Recognition Agreement (MRA) to expedite the entry of these equipment into the UK market, particularly for devices with CDSCO (Central Drugs Standard Control Organisation ) licence or Quality Council of India's Indian Certification of Medical Devices (ICMED) certification.

Cost of Living LIVE November 22: 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.

Maruti Suzuki India: The automobile major said the board of directors will meet on 24 November to consider allotting 1,23,22,514 equity shares of the company to Suzuki Motor Corporation on a preferential basis. Titan Company: The Competition Commission of India has approved Titan’s acquisition of an additional 27.18% stake in CaratLane Trading. Titan will acquire the shares from Mithun Padam Sacheti, Siddhartha Padam Sacheti and Padamchand Sacheti.

Washington H Soul Pattinson just can’t get enough of coal.