Market News
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Alliance Insurance Brokers helps settle Rs 1,100-crore health insurance claims in FY26
Alliance Insurance Brokers settled over 1.5 lakh group health claims in FY26. The company disbursed a total of Rs 1,100 crore for these claims. Ninety-six percent of claims were settled within ten working days. Their employee benefits products now cover 5.8 million lives. Managed premiums reached Rs 1,600 crore during the year.
Government notifies Navi Mumbai Airport as a Port for Import of drugs under Drug Rules
The Ministry of Health has enabled drug imports through Navi Mumbai Airport. This amendment strengthens the pharmaceutical supply chain and trade facilitation. Navi Mumbai Airport now joins other designated ports for drug importation. The total number of entry points for drugs has increased to forty-two. This initiative promotes ease of doing business and regulatory oversight.
Marksans Pharma inks deal to acquire ABCnow GmbH
For a total consideration of 892,384
Bank of Baroda settles NMC Health dispute for $600 million; Q1 credit grows 17%
Bank of Baroda has settled a significant legal dispute with NMC Health entities for USD 600 million, resolving claims under UAE and UK regulations. The bank's Abu Dhabi branch facilitated the payment, concluding proceedings without admitting liability. In other news, BoB reported robust financial performance, with credit growth reaching 17% and total deposits rising 14% in the first quarter of FY27.
Health ministry issues proposal for one-year residual shelf life for imported drugs
The Union Health Ministry is proposing to relax import rules for medicines, requiring a minimum 12-month shelf life upon arrival instead of the current 60% of total shelf life. This move aims to simplify business operations and ensure medicine availability. The change, however, will not affect specialized drugs like biologicals and radiopharmaceuticals. Officials believe this will cut down wastage and improve inventory management, ultimately benefiting patients.
Sun Pharma to acquire 100% stake in Innovcare Lifesciences for Rs 271 crore
Sun Pharmaceutical Industries said that it has entered into an agreement for acquiring 100% outstanding shares of Innovcare Lifesciences for a total consideration of Rs 271.2 crore.
Buy or sell: Gift Nifty hints at a gap-down opening, Vaishali Parekh recommends three stocks to buy today — 19 June 2026
Buy or sell stocks, 19 June 2026: Vaishali Parekh recommends three stocks to buy today — Meesho, Adani Total Gas, and Adani Enterprises
Manipal Health leases Bengaluru hospital asset on nearly 30-year pact
Manipal Health Enterprises has secured a large hospital building in Bengaluru on a long-term lease. The deal spans almost 30 years, with a total rental commitment of around Rs 500 crore. This expansion follows recent acquisitions and property deals. The company is growing its network to meet rising healthcare demand.
Upcoming IPO? Paras Healthcare Files Draft Papers With SEBI To Raise Rs 1,800 Crore Via IPO
Paras Healthcare IPO: The total offer size is up to Rs 1,800 crore.
Paras Healthcare IPO: Company files DRHP with SEBI to raise ₹1,800 crore via public issue
The proposed IPO comprises a fresh issue of equity shares aggregating up to ₹500 crore and an offer for sale (OFS) of shares worth up to ₹1,300 crore by the selling shareholder, taking the total issue size to up to ₹1,800 crore.
Manipal Health takes Bengaluru hospital building on long-term lease
Manipal Health Enterprises has leased a 245,000-sq ft multi-speciality hospital in Bengaluru's Yelahanka for nearly 30 years, with an estimated total rental outgo of ₹816.1 crore. The lease agreement includes a starting monthly rent of ₹1.27 crore and a 10% rent escalation in the sixth year.
Manipal Health picks up hospital building in Bengaluru through 30-year lease
Manipal Health Enterprises has secured a large hospital building in Bengaluru's Yelahanka area. The lease spans nearly 30 years, with total rental payments projected at over Rs 816 crore. This move signifies the hospital chain's ongoing expansion across major Indian cities. The transaction underscores the growing trend of healthcare operators prioritizing long-term occupancy in prime urban markets.