Page 2 - Healthcare Sector

Digital health company eMed taps former X boss Linda Yaccarino as CEO

Yaccarino, one of Elon Musk's top deputies, stepped down from her role at the social media site in July

Niva Bupa likely to hike health insurance premium by 8-9% in FY26

Medical inflation forces Niva Bupa to revise pricing; expects 25% growth in FY26

Health ID - Digital, Secure, Inclusive

With a federated architecture, no health records will be stored in a central repository, reducing the risk of a single hacked server leading to leakages

W Health Ventures announces $70 mn fund II focused on healthcare firms

Fund II will invest and back about eight to 10 new companies over the next four years

Angel One, LivWell announce ₹4 billion JV for digital life insurance

Angel One and LivWell announce a joint venture to set up a digital-first life insurance firm in India with Rs 4 bn capital, aiming to improve access and affordability

IHH inks Fortis-Gleneagles O&M deal to strengthen pan-India platform

Under the agreement, Fortis will manage operations of six Gleneagles hospitals and one clinic, earning a monthly fee and expanding its bed capacity and national presence

Diagnostic firm Aarthi Scans eyes North India, lines up ₹350 cr investment

Chennai-based Aarthi Scans plans to add 65 new centres by 2030, with 90% in North India, while exploring fitness diagnostics and targeting a Rs 600 crore turnover

Tricog, Omron eye 100 mn patient screenings for cardiac health by 2030

Tricog Health and Omron aim to screen 100 million patients for cardiac health by 2030 with KeeboHealth, an AI-powered connected health platform integrating remote monitoring & real-time data analytics

Porinju Veliyath portfolio stock zooms 20% on huge volumes. Do you own?

Shares of Kerala Ayurveda zoomed 20% to ₹511.70 on the BSE in Monday's intra-day trade with 2.87 million shares representing 23.9% of total equity changing hands till 1:11 PM.

Jhunjhunwala family-backed firm's stock slides 4% after large trades

Inventurus Knowledge Solutions shares fell after a 1.5% stake changed hands in a block deal; buyer and seller unknown

Narayana, Max Healthcare shares gain up to 5%, hit new highs in weak market

India's healthcare sector is on the cusp of significant transformation, driven by increased public and private investments, policy initiatives, and demographic shifts, believe analysts.

OneSource eyes weight-loss drug boost to order book

Global drugmakers, including generic drug manufacturers in India, are racing to develop their versions of blockbuster injectable obesity drugs from Denmark's Novo Nordisk and U.S.-based Eli Lilly

Indegene shares slump 4% after block trades; Here's the likely seller

Indegene shares fell after 12 per cent equity, changed hands in two block trades

Zydus enters biologics CDMO market with $125 million acquisitions

Zydus Lifesciences will acquire two US biologics manufacturing facilities from Agenus for up to $125 million, gaining immediate manufacturing capabilities and expanding its global presence

Apollo Hospitals to gain from hospital growth, digital business breakeven

Apollo anticipates a 140 basis points hit to operating profit margins in FY26 due to new hospitals

Datanomics: Rising Covid cases put spotlight on India's healthcare system

Without urgent boosts in investment, experts warn India will struggle to meet both everyday and emergency health demands

Quadria closes $1.07 bn healthcare fund, seeks growth in India and S Asia

Singapore-based company says it has largest dedicated healthcare PE fund for South and Southeast Asia

Capacity expansion, focus on growth segment drive BirlaNu volume growth: MD

Focus on growth segments and capacity expansion boosted CKA Birla Group company BirlaNu's volumes in the March quarter and FY2024-25, according to Managing Director and CEO Akshat Seth. BirlaNu reported an 80 per cent surge in volumes for the March quarter, with pipes and construction chemicals driving the momentum, Seth said. Full fiscal year saw a 57 per cent increase in revenue and a 76 per cent rise in volumes, he added. The construction chemicals and pipes manufacturer doubled its AAC block capacity in Chennai to 4 lakh cubic meters per year and launched Parador in India, marking its entry into the home and interior space, Seth said. The company also introduced organic-based stabilisers (OBS) in uPVC pipes, eliminating heavy metals and setting new benchmarks for health and sustainability in potable water solutions. "The transition to OBS technology in our uPVC pipes reflects our focus on reducing environmental impact while delivering the highest quality to our customers," said

India's ortho implant sector may hit $5 billion by FY28 on strong demand

India's orthopaedic and cardiac implant sector is expected to reach USD 4.5-5 billion by 2027-28, mainly driven by strong domestic demand and gradually growing exports, a report said on Monday. Currently, the orthopaedic and cardiac implant sector, including exports, stood at USD 2.4-2.7 billion in FY24, according to a report by CareEdge Ratings. The growth in the sector is led by increasing per capita income, greater healthcare awareness, ageing population, expanding healthcare infrastructure, and broadening insurance coverage, it stated. The report said that domestic manufacturers have grown at a faster pace than the dominant foreign MNCs in recent years, aided by their price competitiveness and a gradual build-up of an efficacy and safety track record. The segment is dominated by the presence of foreign multinational companies, which largely import the implants and sell them in India as the implant business requires strong technological capabilities, a proven track record of saf

Pristyn Care opens 3 hospitals in NCR, targets 50 by FY28 public listing

Healthtech firm Pristyn Care moves from asset-light model to hospital ownership, aiming for 50 hospitals, Rs 2,000 crore revenue and 20% Ebitda by FY28 IPO