Hospital stocks surged on Monday following the Ministry of Health and Family Welfare’s announcement of revised rates for approximately 2,000 medical procedures under the CGHS scheme. This significant update, the first in over 15 years, is expected to boost hospital profitability and patient volumes, particularly for those with higher exposure to government schemes.Read More
The Indian rupee is hovering near its record low against the US dollar. Concerns over US trade policies and slower investment are impacting the currency. Public sector banks, likely acting for the Reserve Bank of India, are selling dollars to support the rupee. The currency has been trading within a narrow range for several days.Read More
Canara Robeco Asset Management Company’s IPO will open on October 9. The issue is priced between ₹253 and ₹266 per share. This is an offer for sale by existing shareholders. Canara Bank and ORIX Corporation Europe are divesting their stakes. The IPO aims to raise ₹1,326 crore. The offer will close on October 13.Read More
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