Tag: business news

Humana stock plunges on dismal 2024 forecast, as insurers face soaring medical costs

January 25, 2024 Admin No Comments

A Humana Inc. office building in Louisville, Kentucky, Feb. 3, 2019. Bloomberg | Bloomberg | Getty Images Shares of Humana plummeted Thursday after the health insurer issued dismal full-year earnings guidance, citing soaring medical costs that are dogging the broader insurance industry. Those expenses have spiked as an increasing number of older adults return to…

Health

India’s growth prospects are very good, says RBI chief – Times of India

January 16, 2024 Admin No Comments

DAVOS: India’s growth prospects are very good, and the country’s banking sector has seen a remarkable recovery, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Tuesday.Speaking at a session here, Das said there is a lot of international confidence in India and the macroeconomic and financial sector stability that the country offers.“…I think…

Business

Pentagon waited three days to inform White House that the defense secretary was hospitalized in ICU

January 7, 2024 Admin No Comments

WASHINGTON — Amid tensions in the Middle East, Secretary of Defense Lloyd Austin was hospitalized, including spending four days in the intensive care unit, according to two senior administration officials. The Pentagon did not inform senior officials in the White House’s National Security Council of Austin’s hospitalization until Thursday — three days after he arrived…

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GST collections rise 10% to Rs 1.64 lakh cr in December – Times of India

January 1, 2024 Admin No Comments

NEW DELHI: Continuing the upward trend, GST collections rose 10 per cent to about Rs 1.64 lakh crore in December compared to Rs 1.49 lakh crore in the same month a year ago.During the April-December 2023 period, gross Goods and Services Tax (GST) collection witnessed a robust 12 per cent growth, reaching Rs 14.97 lakh…

Business

The weight loss drug boom isn’t over yet — here’s what to expect in the year ahead

December 17, 2023 Admin No Comments

George Frey | Bloomberg | Getty Images Weight loss drugs exploded into the public eye this year, and 2024 will bring more change to the evolving market. The drugs skyrocketed in popularity in 2023 as they helped patients shed significant weight, despite hefty price tags, mixed insurance coverage and a handful of unpleasant side effects. …

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Infosys salary hikes announced ahead of holiday season; here’s the likely average hike – Times of India

December 17, 2023 Admin No Comments

Infosys, the second largest IT services company in India, has brought some holiday cheer to its employees by announcing salary revisions. This move comes as a much-needed morale booster for the information technology sector, which has been grappling with sluggish demand for technology services worldwide.According to sources quoted by ET, the salary revisions, which are…

Business

Solo women travel picked up in the July-Aug quarter, says travel company – Times of India

December 1, 2023 Admin No Comments

MUMBAI: In the July to August period, which is considered a lean period for air travel, demand for flights from solo women travellers went up by six percent as compared to the April to June period, according to the latest travel trends report released by online travel company, Cleartripon Friday. Bangkok emerged as the preferred…

Business

China reports no ‘unusual or novel pathogens’ after WHO seeks data on respiratory illness outbreak

November 24, 2023 Admin No Comments

Crowd gathers during China’s Lunar New Year celebrations. Nurphoto | Getty Images Chinese authorities reportedly called for vigilance Friday as a spike in respiratory illness continues to pile pressure on health care facilities in the north of the country, despite assurances that no “unusual or novel pathogens” have been detected. The World Health Organization said…

Health

The Ozempic effect has battered this weight loss stock, but Morgan Stanley says it’s a top pick

November 3, 2023 Admin No Comments

Game-changing anti-obesity medications have posed nothing short of an existential crisis for Weight Watchers parent WW International since they arrived on the scene, but CEO Sima Sistani has been confronting this challenge head-on. Despite an 11% dive in the stock Friday, Morgan Stanley said it thinks the company “has gone through an incredible transformation over…

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Many are betting Ozempic will reduce the need for knee surgery. What it means if they’re wrong

October 14, 2023 Admin No Comments

Medical device stocks of all kinds were pummeled over the past week as investors tried to calculate the ripple effects of new weight loss drugs. It wasn’t the first rout in the sector — the pressure has persisted for several months. The fear has been that whenever you have a large group of consumers changing…

Health