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Wednesday, 11 December 2019

Finance News

  • Alembic Pharma makes net profit of Rs. 2 billion

    Finance |  News | 0 Comment | 23 Oct, 2018

    Alembic Pharmaceuticals has reported 64.58 per cent rise in consolidated net profit to Rs 2 billion for the quarter ended September 30, mainly on account of robust sales overseas. The comp...Read more

  • Net profit of Jubilant Life Sciences rises to Rs 209.77 crore

    Finance |  News | 0 Comment | 23 Oct, 2018

    Jubilant Life Sciences reported 67.18 per cent rise in consolidated net profit to Rs 209.77 crore for the quarter ended September 30, mainly on account of robust sales in the pharma segme...Read more

  • SCHOTT Tubing India to further invest 20 million euros in India

    Finance |  News | 0 Comment | 19 Oct, 2018

    SCHOTT AG, a global pioneer in manufacturing pharmaceutical glass and packaging, has announced the launch of a new glass tank in its Indian manufacturing plant at Jambusar, Gujarat. The Ger...Read more

  • Sun Pharma to put Rs 200Cr more in Assam plant

    Finance |  News | 0 Comment | 14 Oct, 2018

    Sun Pharma is planning to invest an additional Rs 200 crore at its plant in Assam to augment operations. The company has already invested Rs 700 crore in this manufacturing facility. Sun P...Read more

  • 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