Healthcare Financial News

Apollo Hospitals Enterprise Ltd is expected to continue benefiting from the rising occupancy levels, improving average revenues per operating bed (APROB) as higher non covid revenues are also adding to profitability. Analysts expect revenue to grow, marking a recovery, post the muted trend in occupancy seen in Q1FY24 seen in Q1 for industry as a whole.

Genpact on Wednesday announced that Balkrishan (BK) Kalra would become the next chief executive officer of the company, effective February 9. The New York-headquartered company said that the current CEO NV (Tiger) Tyagarajan, who is also the president, would retire after over 12 years at the helm.

(This story originally appeared in on Nov 07, 2023)

Zee Entertainment Enterprises, Muthoot Finance, BEML, among many others will be in focus today as these companies will announce their earnings for the second quarter of FY24. A total of 719 companies will release their Q2 results today, as per data available on BSE.

By Patrick Wingrove and Bhanvi Satija

₹366 crore. The acquired units, encompassing more than 20 major brands, reported a turnover of ₹90 crore in fiscal year 2023, with a current revenue run-rate of ₹100 crore. The deal, which includes the transfer of working capital, will see over 120 personnel, including senior leaders and field staff, transition to Eris Lifesciences.

Speaking at the occasion, the Minister for Youth Empowerment, Sports, and Tribal Welfare B. Nagendra emphasized the importance of research as the cornerstone of addressing various societal challenges. The government of Karnataka is placing significant emphasis on research and development with the establishment of the Karnataka Research Foundation, and it welcomes investments from companies like Vizzhy Inc in the R&D sector with full government support.

Eris Lifesciences on Wednesday said it has entered into a definitive agreement to acquire Biocon Biologics' dermatology and nephrology branded formulations business units in India for Rs 366 crore. Eris said the acquisition will be funded partly through debt financing. The deal is inclusive of working capital and the key leadership and entire field force of this business, consisting of over 120 personnel of Biocon Biologics' nephro and derma units are expected to move to Eris post deal. The transaction is expected to close by the end of November 2023. The business includes over 20 mother brands with FY23 Revenue of Rs 90 cr. and current revenue run-rate of Rs 100 crore. Some of the legacy brands include Tacrograf and Renodapt in organ transplants and emerging brands like Bionesp and Erypro in chronic kidney disease — induced anaemia.

The benchmark equity indices ended Wednesday’s trading session in positive territory. The gains were led by midcap and smallcap stocks. The NSE Nifty 50 added 36.80 points or 0.03% to settle at 19,443.50, while the BSE Sensex gained 33.21 points to 64,975.61, whereas the banknifty ended down by 79.25 points or 0.18% at Rs 43,658.65.

FMCG maker Dabur India, armed with a cash reserve of Rs 7,000 crore, is scouting for acquisition opportunities in healthcare and home & personal care segments, according to its CEO Mohit Malhotra. Besides, Dabur is looking for acquisition opportunities in the online space, and with several D2C (Direct to Consumer) brands operating in it, it finds the valuation «more reasonable» now and will pursue it if it finds a suitable one for growth, he said. The company is scaling its presence in the online space, which includes e-commerce channels and D2C business, where it plans to introduce more innovations under existing brands and through inorganic opportunities. «We are introducing innovations there. Those innovations are coming on the back of existing brands and these innovations will come on the back of some new brands that we might launch or we are looking at an acquisition for a new brand,» Malhotra told PTI. The company would pursue organic growth with new brand launches in skin care and premium skin care, and the rest would be through acquisitions. «We do not want to do any organic new brand launches with the exception of skincare and premium skincare that we are not present in.

Retirement planning comprises two phases. The first phase is of accumulation, which is the phase when one is creating the corpus from which one can then dip into for the second phase which is income generation for life after retirement. Planning for both phases is important for effective retirement planning.

Reuters reported. In an official statement, Britain's policing minister Chris Philp said, “For too long the use of this drug in public spaces has contributed to anti-social behaviour which is a blight on communities.

₹50 crore) in a funding round from 360 One Asset Management Ltd’s healthcare and lifesciences-focused private equity fund. Funds raised will be used for expanding operations countrywide over the next three years. Veda Corporate Advisors was the exclusive financial advisor to the company.

SS&C, a global provider of services and software for the financial services and healthcare industries, announced a new client relationship management technology last week that aims to “redefine the advisor experience.”

Also Read: World Vegan Day 2023: History, significance, and health benefits of vegan diet While conducting experiments with cathode rays, he noticed an intriguing phenomenon: a fluorescent screen in his laboratory began to emit light, even though it was not positioned directly in the path of the rays. This observation led to the revelation of X-rays.

Wipro mandates work from office for three days a week The multi-millionaire also opined that Indian investors were increasingly looking at opportunities in Australia across finance, education, healthcare and minerals. His Chandigarh-based firm incidentally handles a large portfolio of family offices and clients.

The U.S. economy may be growing much faster than pessimists had predicted, but business is still brisk for bankruptcy lawyers. “Things have really accelerated,” says Thomas Lauria, global head of restructuring at White & Case. His team is on track for record-breaking revenues this year.

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Key Financial HighlightsQ2 FY24 Highlights “Our Q2 FY24 result represents stable growth in our key businesses, as well as strong profitability. We are on track to meet our growth objectives for the year. Going ahead, differentiated launches in the US, in addition to a rebound in India business growth which was constrained by delayed seasonality, will be critical drivers.

(Reuters) — Russia's budget deficit shrank further in October thanks to higher oil prices, a weak rouble and an inflow of quarterly tax payments, the finance ministry said on Tuesday.

A World Health Organization spokesperson said on Tuesday that over 160 health care workers had died on duty in Gaza and called for a lifting of restrictions on medical aid, saying some doctors were performing operations, including amputations, without anaesthetic.