Page 3 - Healthcare Sector

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

HexaHealth closes Series A round of $12 mn to redefine India surgical care

Other participants included Enzia Ventures and ITI Growth Opportunities Fund, along with existing investors Chiratae Ventures and Omidyar Network India

Max Healthcare Institute to invest Rs 6,000 cr to add 3,700 beds by 2028

Max Healthcare Institute Ltd will invest Rs 6,000 crore by 2028 to add 3,700 beds across key locations in India, its Chairman and Managing Director Abhay Soi said on Tuesday. Max Healthcare, which operates 22 healthcare facilities with around 5,000 beds currently could have around 30 hospitals by 2028, Soi told PTI. Speaking at the sidelines of the inauguration of Max Super Speciality Hospital, Dwarka, a 300-bed greenfield facility, he said the company will be "reinvesting whatever we generate over the next 10 years to create healthcare assets". "This year alone, we are opening four (hospitals). This (Dwarka) was the first of the four," Soi said. Max Healthcare plans to inaugurate three other hospitals in Mohali, Mumbai, and Saket, New Delhi later this year. The inauguration of the Dwarka hospital is a strategic step in Max Healthcare's broader expansion plan to add 3,700 beds across key locations in India by 2028, the company said. "Some existing hospitals will be expanded and s

These 3 pharma stocks have surged over 50% in April; check full list here

A total of 11 pharma and healthcare-related stocks have rallied more than 20% thus far in April on hopes of a likely softer tariff-related stance by the US President Donald Trump.

5 pharma stocks that you should stay away from given their tech charts

Technical charts hint that pharma shares such as Cipla, Lupin, Sun Pharma, Zydus Lifesciences and Gland Pharma could slide up to 23% as Trump tariff threat on pharma import looms.

Apple's AI-powered health assistant will tell you how to keep fit: Details

Likely to be launched at the annual Worldwide Developers Conference next year, Apple is training the AI-powered health assistant to offer personalised health tracking and insights for users

Manpower acquisition, retention biggest challenges for R&D GCCs: Expert

GCCs in life sciences and healthcare have grown across India, with Bengaluru, Hyderabad, and Chennai emerging as key hubs

ASHA workers begin indefinite hunger strike outside Kerala Secretariat

A section of ASHA workers, protesting outside the Secretariat here for 39 days, on Thursday intensified their agitation with three of their members starting an indefinite hunger strike as part of their demands for post retirement benefits and increased honorarium. The indefinite hunger strike was kicked off amidst slogans against the ruling Left government with the protesting Accredited Social Health Activist (ASHA) workers accusing it of "corruption" and being "cruel" towards them. Prior to the start of the hunger strike, Congress leader and former state Health Minister V M Sudheeran met the protesting ASHA workers and extended his support to them. Thereafter, speaking to reporters here, he accused the ruling CPI(M) of adopting a "neo-fascist" stand against the protestors. "They appear to be attracted by neo-fascism," he said. When reporters told him that state Health Minister Veena George went to Delhi earlier in the day to raise the issue of the ASHA workers, he termed it as ...

UK-based Prudential Plc to set up health insurance JV with HCL Group

Prudential Group Holdings Ltd, UK Subsidiary of Prudential Plc will own 70 per cent stake in the venture while Vama will hold the remaining 30 per cent

A booster shot: Biosimilars can greatly reduce India's healthcare costs

Biosimilars can not only reduce patients' financial burdens, but also encourage more people to go for early diagnosis and comprehensive treatment

Distributed manufacturing may become the future trend: Pharma Inc

Volumes need to be high to justify relocation of manufacturing; strategic decisions cannot be based on current tariff structure

Narayana Hrudayalaya hits record high in subdued market; up 7% in 3 days

The company's management remains confident that the new hospital will become a strong engine of growth in Cayman over the next few years.

Max Healthcare share rises 3% as UBS upgrades to 'Buy', lifts target price

According to reports, UBS said that Max Healthcare is well-positioned for earnings growth, with solid foundations in place

Bajaj Group likely to make an investment of Rs 10,000 cr for hospital chain

Bajaj's move coincides with growth in Indian health care as the nation's wealth and insurance coverage increases and the number of people reaching retirement age accelerates

Ministries working out modalities of healthcare for gig workers: Govil

The Finance Ministry, in consultation with the Labour Department, is working out the modalities of a scheme to provide healthcare facilities under the PM Jan Arogya Yojana (PM-JAY) to about 1 crore gig workers, Expenditure Secretary Manoj Govil has said. Finance Minister Nirmala Sitharaman, in her Budget speech, announced that the government will arrange identity cards and registration of gig workers on the e-Shram portal. They will be provided healthcare under PM Jan Arogya Yojana. In an interview to PTI, Govil said the parameters and details of the scheme are being worked out in consultation with the Ministry of Labour and concerned other ministries. Govil said the social security scheme for gig workers could either be a 100 per cent Central Sector scheme or a centrally sponsored scheme where the cost would be shared between the Centre and states in a 60:40 ratio. "Once the scheme details are finalised, the cost will be calculated," Govil added. Ayushman Bharat PM-JAY is the la

Budget 2025 allocates ₹98,311 crore for healthcare sector: Key takeaways

Union Budget 2025: In the coming year, 10,000 additional medical seats will be created, with a target of adding 75,000 seats over the next five years

Ami Organics extends rally on strong Q3 results; stock zooms 30% in 4 days

The management believes, that on account of ramp-up of existing products, Fermion contract, and potential commercialisation of another CDMO contract in FY26E, Ami has strong revenue visibility.

Middle class a victim of 'tax terrorism': Kejriwal ahead of Budget session

Arvind Kejriwal highlighted the pivotal role of the middle class in driving the Indian economy, lamenting their exploitation for tax purposes without adequate support