Market News
Stay updated with the latest market trends, earnings, and economic indicators.
PE wars to billion-dollar IPO dreams, hospital sector is fighting fit
Major private equity firms are vying for a stake in Cloudnine, a leading maternity and paediatric care chain. This intense competition highlights strong investor confidence in India's healthcare sector. The industry is entering a new growth phase driven by increasing demand, a shortage of hospital beds, and a rise in specialized medical services.
HCG opens new Bengaluru facility with Rs 129 crore investment
HealthCare Global Enterprises (HCG) has inaugurated a new 132-bed oncology facility in Bengaluru, marking its third hospital in the city with an investment of nearly Rs 129 crore. The advanced center utilizes cutting-edge MRI scanner machines for precise cancer treatment, aiming to manage even advanced metastatic cases. This expansion follows KKR's significant stake acquisition in HCG last year.