HEALTHCARE SECTOR
Global equity funds attract $28.16 billion as easing yields boost sentiment
Global equity funds attracted $28.16 billion in weekly inflows as easing US Treasury yields and strong corporate earnings lifted investor sentiment. Asian equities led regional allocations, while technology, bond and precious metals funds also drew fresh investments.
Top 7 equity mutual funds deliver over 30% CAGR since last Diwali. Have you invested in any?
In the latest analysis by ETMutualFunds, the top seven equity mutual funds have recorded an impressive over 30% CAGR since last Diwali. Leading the pack, the Nippon India Taiwan Equity Fund delivered an astonishing return of approximately 87.36%. Other noteworthy performers included ICICI Pru Strategic Metal and Energy Equity FoF, alongside HSBC Brazil Fund. However, it's important to note that some ICICI Prudential funds faced significant losses.
PMS Talk: How Rs 50 lakh invested in Karma Capital in 2006 grew to Rs 5.4 crore
In this edition of ETMarkets PMS Talk, the co-founders discuss the lessons from their 20-year investment journey, how they identify companies before their growth stories become market favourites, and why valuation discipline, management quality and capital protection matter as much as returns. They also share their outlook on India's healthcare and auto component sectors, and explain what investors should evaluate beyond CAGR when choosing a PMS.
India must bolster tech, economic resilience: Dean Grandy, KPMG's global head for government and public sector
India is encouraged to boost its domestic technology capabilities and economic resilience to face geopolitical tensions. Strengthening self-sufficiency in artificial intelligence and infrastructure is essential for national interests and security. Collaborative partnerships with like-minded governments are important for shared insights and investment opportunities. Developing independent AI regulations will safeguard India's data and business environment effectively. Addressing the emerging challenges in AI will be crucial as India's capabilities expand.
Goa Chamber of Commerce and Industry hails state's AI Policy 2026
In a statement, GCCI president Pratima Dhond said the Goa AI Mission 2026 represented an important step towards building a technology-led economy while leveraging the state's existing strengths in tourism, healthcare, environmental systems and creative industries.
AI could unlock $2.52 trillion in annual global economic value: Report
Artificial intelligence is projected to generate $2.52 trillion in annual economic value globally through automation. However, increased deployment costs could reduce this potential by around 34 percent, leading to significant financial losses. Various sectors, including financial services and education, offer considerable economic benefits from AI applications. Companies are advised to evaluate the return on investment from AI technologies before committing resources.
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Union Minister Piyush Goyal interacts with Indian diaspora in Germany, lauds contribution to 'Karmabhoomi'
Union Minister of Commerce and Industry Piyush Goyal held an insightful interaction with members of the Indian diaspora in Germany, lauding their invaluable contributions to their adopted homeland while calling upon them to actively participate in India's rapid economic growth journey.
Commerce minister Piyush Goyal discusses investment avenues with German companies
Piyush Goyal engaged with major German firms like Siemens Healthineers, Bayer, and Fresenius to discuss investments. He highlighted Bayer's plans for expansion and collaboration in India's healthcare ecosystem. Goyal also addressed opportunities for Fresenius to leverage India's talent for healthcare solutions. Furthermore, he explored ways to strengthen Siemens Healthineers' presence in the country. These discussions reflect India's growing relevance in the global healthcare market.
Jio’s mega public issue puts India’s AI companies in the spotlight; see who are the potential IPO candidates
The interest in India’s AI firms comes at a time when such companies are attracting increasing private investment and some are beginning to consider stock market listings. Jio itself is looking to target growth beyond telecom through AI, cloud, and satellite communications.
Tech Mahindra, SpaceXSI partner to accelerate AI-powered software engineering
The company said it will combine its global engineering, enterprise transformation and AI consulting capabilities with SpaceXSI's AI-powered development platform to help enterprises expand application modernisation, streamline software development and improve code quality.
Piyush Goyal discusses investment opportunities with Bayer, Fresenius
Piyush Goyal held meetings with Bayer and Fresenius executives to discuss investment opportunities in India's healthcare sector. During these discussions, Goyal explored Bayer's expansion plans and potential collaborations in healthcare. He also examined how Fresenius can leverage India's skilled workforce for the healthcare market. Additionally, Goyal engaged with Knauf Group regarding sustainable construction materials and manufacturing operations in India. These meetings highlight India's growing role in global healthcare and manufacturing.
Japan’s Nikkei falls over 1% as Wall Street tech selloff rattles markets
Japan’s Nikkei 225 falls as a Wall Street tech sell-off weighs on semiconductor and AI-linked stocks. Concerns over valuations and spending pressure Japanese equities, while select consumer and food stocks advance.
Swiggy narrows loss in Q2; eMudhra cofounder on what went wrong
Happy Friday! Swiggy reported a rise in revenue in Q2 FY27 while cutting its losses. This and more in today’s ETtech Morning Dispatch.
Healthcare GCCs dangle hefty pay premiums to bridge AI talent gap
The premium reflects a widening gap between demand for specialised skills and the supply of professionals who possess them. Data, analytics and AI have just 1.6 professionals for every projected opening in India's healthcare GCCs, compared with 4.8 across roles overall.
Financials, FMCG lead FPI sell-off; IT stocks buck the trend in first half of October
In the early days of October, there was a notable retreat of foreign portfolio investors from several sectors, particularly in financial services and FMCG, which saw outflows of ₹8,634 crore and ₹8,172 crore respectively. Conversely, IT stocks caught a breath of investment, attracting ₹2,599 crore as they turned a new page in investor sentiment.
Algebra Ventures closed a $54 million fund; 4 years later, six portfolio companies were valued at over $350 million
Its first fund invested in reportedly 21 startups across Egypt and the wider Middle East and North Africa region. The portfolio included businesses working in financial technology, healthcare, logistics and online services. Halan was one of its notable investments. The portfolio also included Brimore, a social commerce company.
US stocks today: US stocks slide as AI spending jitters hit Nasdaq, oil prices rebound
US stocks opened lower on Thursday as renewed concerns over the outlook for artificial intelligence weighed on growth stocks. Tesla and Meta earnings failed to ease AI-related jitters, while rising oil prices added to market pressure. The Nasdaq fell 1.48%, while the S&P 500 and Dow also declined at the open.
US stocks 2026: Moderna, SanDisk lead top 10 gainers delivering up to 734% returns
Ten US stocks with market caps above $5 billion have seen share prices more than triple in 2026, delivering returns up to 734%. Healthcare and tech sectors dominate, led by biotechnology firm Moderna and flash memory maker SanDisk, highlighting strong momentum across biotech and established tech majors like Dell.
India eyes a $20 billion pot of gold in New Zealand as its trade pact goes live
The free trade agreement between India and New Zealand promises to promote trade and enhance professional movement. While some goods may enjoy duty-free status, a significant rise in merchandise exports might take time. However, New Zealand's engagement in several service sectors holds potential benefits for Indian companies. The agreement also opens up new job opportunities for Indian students and creates pathways for skilled professionals.
India's listed AI market could gain USD 100 billion from IPOs over next 5 years: Goldman Sachs
India's artificial intelligence sector is poised to contribute between USD 50 billion and USD 100 billion from forthcoming IPOs. Goldman Sachs has pinpointed 84 private AI firms collectively valued at around USD 55 billion. The study forecasts that 25 to 50 percent of these enterprises could make their public debut within the next two to five years.
US stocks today: US stocks end higher as healthcare stocks lift Dow, tech a breather
Wall Street ended higher on Tuesday, led by the Dow as investors shifted towards healthcare and other value stocks. The S&P 500 also gained, while the Nasdaq slipped as technology stocks paused after a rebound in the previous session. Healthcare shares gained, while small-caps and defensive sectors also outperformed.
HealthRail: Turning India's hospital receivables into growth capital
In a strategic move to streamline hospital cash flow, HealthRail is offering expedited access to accrued revenues. This initiative specifically addresses the payment delays that hospitals experience with insurance providers and public funding programs. By lowering days sales outstanding for qualifying receivables, this system aims to substantially bolster hospitals' liquidity.
Drug developer Lycia Therapeutics targets $938 million valuation in US IPO
Lycia Therapeutics is gearing up for an initial public offering, targeting a raise of up to $264.6 million with aspirations for a valuation of about $937.7 million. The company plans to sell 14.7 million shares at a price range of $16 to $18 each. This move comes as biotech firms show a growing trend of entering the IPO scene, indicating a renewed investor confidence in the industry.
India-New Zealand FTA comes into force, offers zero-duty access for Indian goods, new visa pathways
The India-New Zealand Free Trade Agreement (FTA) came into force on Tuesday, marking India's 17th operational free trade pact and opening up new opportunities for Indian exporters.
MeitY-backed conclave explores AI applications in healthcare, assistive technologies
The conclave on "AI for Health & Assistive Technologies" was organised by Software Technology Parks of India (STPI), under MeitY, and the Centre for Innovation, Incubation and Entrepreneurship (CIIE) at IIT BHU, bringing together government representatives, healthcare professionals, researchers and startups to explore practical applications of artificial intelligence.
HLL Lifecare launches eStore to expand direct-to-consumer reach
State-owned company HLL Lifecare launched HLL eStore, a digital platform aimed to expand access to its healthcare and wellness products across the country. The platform would be part of its broader digital transformation strategy, enabling customers, business partners and healthcare institutions to engage with the company through an integrated online marketplace. The eStore also offers medical products and supplies.
India needs 2.6 billion sq ft of healthcare space by 2035, says CBRE
India requires an expansion of its healthcare infrastructure with an additional 2.6 billion sq ft by 2035. This need arises due to an expected demand for nearly 2.9 million more hospital beds nationwide. Current statistics show India has only 1.6 hospital beds per 1,000 people, significantly less than the global average. Certain states face much lower hospital bed density compared to their disease burden, indicating unmet healthcare needs.
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