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Articles for Finance

Health-Tech Startup Sugar.fit Secures $11 Million In Series A Funding

The fresh capital will be used to expand Sugar.fit’s product offering, launch an offline presence and accelerate research and development in the field of diabetes management, accelerating the brand’s footprint and growth

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Healthcare Sector Sees High-value Deals As Deal Volume Drops In Sept Quarter

Despite the decline in deal volume, there was a significant surge of 298 per cent in deal values year-on-year, mainly attributed to two high-value deals, each valued at over USD 650 million, and an additional four deals valued over USD 100 million each

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Strides Pharma Reports Net Loss Of Rs 149 Cr In Q2FY24

Strides Pharma Science disclosed a consolidated net loss of Rs 149 crore for the second quarter concluding on September 30, 2023. This marks a stark contrast to the net profit of Rs 19 crore reported during the same period the previous year

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Blackstone TPG Acquires CARE Hospitals, KIMSHEALTH For An Undisclosed Amount

The addition of KIMSHEALTH to the CARE Hospitals network creates one of India’s largest hospital platforms with 23 facilities across 11 cities in India, creating a leadership position in under-penetrated, emerging cities that have strong potential for growth

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Strides To Sell Singapore Facility For $15 Mn

Strides has emphasised that this transaction will be EPS (earnings per share) accretive and will not impact the company's revenues

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Piramal Pharma's Bottomline Turns Green, Revenue Rises By 11% YoY In Q2 Results

Piramal Pharma's bottomline finally turned green this quarter with Rs 5 crore profit after tax (PAT) against a loss of Rs 37 crore in Q2FY23 and Rs 99 crore loss in Q1FY24

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Cipla Registers Robust Q2: 43% Jump In Net Profits To Rs 1,131 Cr

Cipla's net profit jumped by a whopping 43.4 per cent year on year (YoY) in Q2FY24, the company recorded a net profit of Rs 1,131 crores in the September quarter. The company saw an increase of Rs 342 crores from the earnings of the same quarter last year which stood at Rs 789 crores.

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ManipalCigna Health Insurance Reports Strong Growth In Andhra Pradesh, Telangana

In FY 22-23 reported a gross written premium of Rs150+ Crore in Andhra Pradesh and Telangana

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