Sunday, 17 November 2019

Finance News

  • NHPM rollout, a step in right direction: ICRA

    Finance |  News | 0 Comment | 08 Oct, 2018

    The Union Finance Minister, in his Budget speech of February 2018, had announced the launch of the National Health Protection Mission (NHPM), a health insurance scheme for 10 crore families...Read more

  • MedAchievers, Venture India to launch $100 M healthcare fund

    Finance |  News | 0 Comment | 05 Oct, 2018

    Healthcare platform MedAchievers has partnered with business consultancy firm Venture India to launch a $100 million fund MedAchievers Connect to fund cutting-edge research in healthcare in...Read more

  • Ipca Labs buys majority stake in US firm Bayshore

    Finance |  News | 0 Comment | 03 Oct, 2018

    Mumbai-based Ipca Laboratories Ltd has acquired an 80 per cent stake US drug marketing company Bayshore Pharmaceuticals LLC for $10.23 million (Rs 75 crore) in cash. The acquisition will e...Read more

  • Columbia Asia Group growing at 20 per Cent Year-On-Year

    Finance |  News | 0 Comment | 26 Sep, 2018

    Columbia Asia, a leading hospital chain in Asia, is all set to expand operations across Asia and India by 2020, utilizing the $210 million fund which Columbia Asia had raised in March 2018....Read more

  • Policybazaar invests $50 M in healthcare biz

    Finance |  News | 0 Comment | 18 Sep, 2018

    DocPrime, the latest healthcare venture by Policybazaar and Paisabazaar parent EtechAces Marketing and Consulting (Policybazaar Group), has received an initial internal funding of $50 milli...Read more

  • Sun Pharma to buy minority stake in Israeli firm

    Finance |  News | 0 Comment | 12 Sep, 2018

    Sun Pharmaceutical Industries Ltd plans to acquire an 18.75 per cent stake in Israel's Tarsius Pharma Ltd for $3 million in cash. According to Sun Pharma, the acquisition does not need reg...Read more

  • Jubilant Life Sciences raises Rs 350 Cr via NCDs

    Finance |  News | 0 Comment | 07 Sep, 2018

    Jubilant Life Sciences has raised Rs 350 crore through non-convertible debentures (NCDs) on private placement basis for repayment of its existing debt and reduce the overall cost of borrowi...Read more

  • Indian IT firm takes over US health startup

    Finance |  News | 0 Comment | 06 Sep, 2018

    Pune headquartered technology services company, Persistent Systems Ltd has acquired US-based startup Herald Technologies Inc., which operates under the name Herald Health, at an enterprise ...Read more

  • Online pharmacy NetMeds secures $35M

    Finance |  News | 0 Comment | 03 Sep, 2018

    Online pharmacy NetMeds Marketplace Pvt. Ltd has raised $35 million in a Series C funding round from Southeast Asian business conglomerate Daun Penh Cambodia Group based in Singapore. Exist...Read more

  • IHH Healthcare to exit Apollo Gleneagles Hospitals

    Finance |  News | 0 Comment | 23 Aug, 2018

    Malaysian hospital chain IHH Healthcare, which won the bid for debt-ridden Fortis Healthcare, will sell its 50 per cent stake in Apollo Gleneagles Hospitals in Kolkata and its radiology cen...Read more

  • ChrysCapital to invest Rs 200 Cr in eyecare chain

    Finance |  News | 0 Comment | 20 Aug, 2018

    Private equity fund ChrysCapital is planning to acquire a minority stake in Dr Agarwal’s Health Care Ltd, a leading eyecare chain. ChrysCap will invest about Rs 200-250 crore. The fu...Read more

  • Morepen Laboratories reports net profit of Rs. 2.46 Cr

    Finance |  News | 0 Comment | 17 Aug, 2018

    Morepen Laboratories Ltd. has reported a 93 percent rise in its consolidated net profit at Rs. 2.46 crore, on consolidated net sales revenue of Rs. 161.81 crore in the first quarter (Q1) of...Read more

  • Cipla Uganda unit to raise $45 M through IPO

    Finance |  News | 0 Comment | 17 Aug, 2018

    The Ugandan unit of Indian drugmaker Cipla priced its initial public offering (IPO) at 256.5 shillings per share, aiming to raise $45 million from its listing on the Kampala stock exchange ...Read more

  • Carlyle likely to invest $100 M in BDR Pharma

    Finance |  News | 0 Comment | 14 Aug, 2018

    Private equity firm Carlyle is in talks with promoters of Mumbai-based BDR Pharma to invest $100 million in the drug company, the funding for which is expected to be used in expanding the c...Read more

  • Cipla announced Q1 FY19 results

    Finance |  News | 0 Comment | 08 Aug, 2018

    Cipla has announced the appointment of Dr. R. Ananthanarayanan (Ananth) as its Global Chief Operating Officer (GCOO), effective 8 August 2018. In his role at Cipla, Ananth will oversee R&a...Read more

  • Torrent Pharma announces Q1 FY 2018-19 Results

    Finance |  News | 0 Comment | 06 Aug, 2018

    Ahmedabad-based pharmaceuticals major, Torrent Pharmaceuticals Limited has released financial results for the quarter ended 30th June 2018. The company has registered 37% growth for Q1 FY ...Read more

  • NextGen Science Media raises Rs 1Cr seed funding

    Finance |  News | 0 Comment | 31 Jul, 2018

    NextGen Science Media (NGSM), a start-up media venture that focuses on emerging medical science and technology trends for new-age clinicians, raised its first round of funding from Singapor...Read more

  • Biocon Q1 FY19 net profit jumps 47% to Rs. 120 Crore

    Finance |  News | 0 Comment | 27 Jul, 2018

    Biocon Ltd , Asia's premier biopharmaceuticals company has announced its consolidated financial results for the fiscal first quarter ended June 30, 2018. Commenting on the highlights,...Read more