Healthcare Sector

Canon eyes chip fabrication in India, in talks for lithography machine

Japanese imaging and optical products major Canon believes that it has a good opportunity in India for its semiconductor lithography equipment required for chip fabrication, and it is in negotiations with companies setting up facilities here, said its India President and CEO Toshiaki Nomura. Though Canon did not disclose names, it said there are immense opportunities in this, as many chip manufacturers are now eying India as a new destination for semiconductor manufacturing. "A lot of Chip manufacturers are eyeing India as a new manufacturing place. We are discussing with all those chip manufacturers to give our product and service," Nomura told PTI. This is a "good opportunity for us", and the Tokyo-based group can contribute through its technology, products and services in this segment of the Indian market, he added. "We are installing the equipment for them to manufacture chips through our technology and the product. We help chip manufacturers build a strong facility in India. O

Healthcare, pharma sectors raise Rs 14,811 crore via IPOs in 2024

Record fundraising surpasses the previous high of Rs 9,370 cr in 2023

Inventurus Knowledge Solutions' IPO subscribed 2.65 times on Day Two

The initial share sale of Inventurus Knowledge Solutions Ltd, which provides healthcare support services, received 2.65 times subscription on the second day of bidding on Friday. The Rs 2,498-crore initial public offer (IPO) received bids for 2,74,86,778 shares against 1,03,66,780 shares on offer, according to NSE data. The Retail Individual Investors (RIIs) category got subscribed 4.24 times while the portion for non-institutional investors fetched 3.13 times subscription. Qualified Institutional Buyers (QIBs) part attracted 1.89 times subscription. Inventurus Knowledge Solutions Ltd has collected Rs 1,120 crore from anchor investors. The IPO will conclude on December 16. The price band for the offer is Rs 1,265-1,329 per share. The company's IPO is entirely an Offer For Sale (OFS) of 1.88 crore equity shares by promoters and individual shareholders, with no fresh issue component. Since the issue is completely an OFS, the company will not receive any proceeds from the IPO and th

Healthcare sector sees surge in hiring; Delhi, Chennai leading: Report

Healthcare sector in the country is witnessing a hiring surge, with 47 per cent employers planning to recruit staff in this segment, driven by advancements in telehealth and a growing focus on preventive care services, TeamLease EdTech said on Wednesday. The surge in healthcare sector hiring is led by Delhi and Chennai as these cities witnessed highest demand for critical roles in this space. Delhi (65 per cent), Bangalore (56 per cent) and Ahmedabad (48 per cent) have emerged as key hubs for Research Associate roles, which involve conducting medical research, supporting clinical trials, and managing data. According to the report, the aging population and the prevalence of chronic illnesses continue to highlight the need for continuous healthcare support and innovative treatments. "With tech advancement, almost all sectors are undergoing massive changes, with healthcare standing out distinctively. Propelled by the pandemic, virtual consultation and remote healthcare support are the

EQT Asia doubles down on India's health care, financial services, and infra

Swedish PE firm invests $6 bn in 18 months; sells stake worth $2.4 bn

Small and medium hospitals market likely to reach Rs 5 trn by FY27: Report

Report suggests the sector still faces sustainability issues due to profit crunch, expanding competition from large chains

Galaxy Health aims to be a major health insurance player in 2-3 years: CEO

In March, Galaxy Health received approval from the insurance regulator to start a health insurance business in India, taking the total number of standalone health insurers in the country to seven

HealthCare Global to sell diagnostic business Triesta for Rs 135 crore

HCG reported a consolidated net profit of Rs 20.68 crore in the second quarter of financial year 2025, as against Rs 10.78 crore in the same quarter of the previous year

Yatharth Hospitals Q2FY25 results: Net profit up 12%, revenue rises 27%

The growth is attributed to higher occupancy rates and an increase in revenue per bed during the September quarter

QubeHealth gets pre-series A funding from Unicorn India & CanBank VC

The investment positions QubeHealth for its upcoming Series A round, targeting $9 million at a valuation of Rs 270 crore

Royal Philips' 1st female top executive in 133-yr history begins her tenure

Charlotte Hanneman, 45, is taking over as the CFO of the Dutch maker of medical equipment, succeeding Abhijit Bhattacharya

Star Health data leak 'huge problem': Experts warn after info leak

According to media reports, the hacker created Telegram bots to access data of 31,216,953 customers updated until July 2024, and 5,758,425 claims from the company available until early August

DNA Wellness to invest Rs 200 cr for 100 cervical cancer screening labs

City-based DNA Wellness on Thursday said it will invest Rs 200 crore to set up over 100 cervical cancer screening labs across India by 2027. The company has acquired exclusive rights to conduct the DNA Ploidy Test, a diagnostic tool developed by the British Columbia Cancer Research Agency, Canada, the company said in a statement. The test, also known as CERViSure, is a quick, accurate, and non-invasive method to detect cervical cancer. DNA Wellness also announced the launch India's first CERViSure laboratory in Ahmedabad, Gujarat, which will provide easy access to cervical cancer screening facility to people. "Going forward, DNA wellness will invest Rs 200 crore to set up some 100 dedicated CERViSure laboratories across India, in a phased manner by 2027, to help the DNA Ploidy reach a maximum number of patients," the company said. "By October 2024, the company will open dedicatedlaboratories in Ahmedabad, Vadodara, Rajkot and Surat," Pathik Bhandari, Co-founder, DNA Wellness, ...

Swachh Bharat Mission averted 70,000 infant deaths annually: Study

The researchers studied data from nationally representative surveys covering 35 states and union territories over 600 districts for a period of 20 years

P&G Q4 results: Profit after tax down 46% at Rs 81 cr on high spending

Procter & Gamble Hygiene and Health Care Ltd (PGHH) on Wednesday reported 46.40 per cent decline in profit after tax at Rs 81.06 crore for June quarter 2024 on account of increased spending. The company, which follows July-June financial year, had reported a profit after tax of Rs 151.24 crore in the corresponding quarter of the previous fiscal. However, PGHH's revenue from operations was at 931.75 crore as against Rs 852.53 crore a year ago. "PAT for the quarter was Rs 81 crore, with an increase in spending for demand generation to support innovation in healthcare and feminine care," said an earning statement from PGHH. Total expense was at Rs 826.78 crore, up 26 per cent year-on-year. Total income of the Proctor & Gamble entity, which has a portfolio of Vicks in healthcare and Whisper in feminine care, was up 8.86 per cent to Rs 939.06 crore. For the full year, PGHH's profit after tax was flat at Rs 675.02 crore as against Rs 678.14 crore in the previous year. "Reported PAT .

Medi Assist set to buy Paramount Health at enterprise value of Rs 312 cr

Medi Assist Healthcare Services, which offers third-party administration services to insurance firms, on Monday said it will fully acquire Paramount Health Services & Insurance TPA at an enterprise value of Rs 311.8 crore. Medi Assist Insurance TPA, a wholly-owned subsidiary of Medi Assist Healthcare Services, has inked a pact with Fairfax Asia and Nayan Shah & family to acquire Mumbai-based Paramount Health Services & Insurance TPA. Paramount is a prominent player in the TPA space, owned by Fairfax Asia and the Shah family. With the acquisition of Paramount TPA, Medi Assist TPA's market share will grow to 36.6 per cent for the group segment and 23.6 per cent of the health insurance industry, by premiums managed, the company said. The acquisition represents one of the largest TPA deals in India, with an enterprise value of Rs 311.8 crore, subject to regulatory (Irdai) approvals, it added. Paramount TPA works with 30 insurers and over 3,000 group customers and retail ...

India projected to face 2 mn deaths from antimicrobial resistance by 2050

Antimicrobials, including antibiotics, antivirals, antifungals, and antiparasitics, are medicines used to prevent and treat infectious diseases in humans, animals and plants

Changing profile of India's medical tourism exports amid Bangladesh unrest

The quality and affordability of India's healthcare market make it a top choice for people from developing nations. But recent political unrest in Bangladesh may affect India's medical tourism exports

Doctors provide elective OPD services outside Nirman Bhawan in Delhi

Doctors have decided to provide elective outpatient services outside Nirman Bhawan on Monday as they continue their strike for the eighth day over the rape and murder of a trainee doctor in Kolkata. Resident doctors will be available to provide elective OPD services in around 36 specialties, including medicine, surgery, obstetrics & gynaecology, paediatrics, ophthalmology, and orthopedics, to patients outside Nirman Bhawan on Monday, according to a statement by the AIIMS RDA. However, emergency services will continue as before at the hospitals. The doctors' strike in the national capital over the rape and murder of a medic at a state-run hospital in Kolkata completed a week on Sunday and is now entering its second week, causing difficulties for patients. Late Sunday, resident doctors announced that their strike will continue. The doctors will proceed to Nirman Bhawan at 11 am, according to a statement by RDAs. A resident doctor from the Safdarjung Hospital said a concrete respons

Hinduja Global Solution Q1 results: Net profit jumps to Rs 161.5 cr

Business process management firm Hinduja Global Solutions has posted a multifold jump in its consolidated profit to Rs 161.5 crore in the first quarter ended June 30, mainly due to sale proceeds of healthcare business received during the period. The company reported a profit of Rs 16.64 crore a year ago. Without the one-time gain from the sale of the healthcare business, HGS recorded a loss of Rs 57 crore during the reported quarter from continuing operations. The revenue from operations of Hinduja Global Solutions (HGS) declined by 3.6 per cent to Rs 1,091.92 crore in the June 2024 quarter from Rs 1,133.49 crore in the year-ago period. "Profitability in the quarter was adversely impacted due to some one-time costs, and we expect our profitability to improve from Q2 FY2025 onwards. "During the quarter ended June 2025, we received additional payment towards the sale of the healthcare business resulting in net profit of Rs 218.5 crore shown under Profits from Discontinued Operations