RIL evaluating potential buys in diagnostics segment - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
The diagnostics majors are looking at inorganic growth for their network expansion which is further heightening the competition. For instance, Dr Lal PathLabs acquired Suburban Diagnostics in 2021 for Rs 925 crore in West India. It is also planning expansion in South India.
Plummeting margins post the pandemic and rising competition from new entrants have forced organised diagnostic players to go back to the drawing board in their search for growth - Issue Date: Oct 30, 2022
Hindustan Unilever: The FMCG major said it has launched its first Smart Fill machine, an in-store vending model for its home care products to reuse, reduce and recycle plastic.
Maruti Suzuki India: The country s largest carmaker announced the nationwide roll-out of its digital platform that provides customers end-to-end online car financing solutions.
Fortis Healthcare: The healthcare facilities plans to initiate various measures like engaging with key corporate clients, leveraging digital platforms, and developing further competencies in cancer care, neuro and renal sciences, to improve margins and grow revenues this fiscal, as per the company s Annual Report for 2020-21.
Vedanta: The mining firm s Talwandi Sabo Power Ltd (TSPL) said that all three units of its 1,980 MW coal-fired thermal power plant in Mansa district of Punjab would be operational by the end of this month. In a statement, it stated that the TSPL engineers are on war footing to rectify a technical snag.
Here are the top stocks to track in today s session:
HDFC Bank: The private lender, on Saturday, reported an 18.1 per cent year-on-year increase in net profit to Rs 8,758.3 crore for the quarter ended in December 2020. That apart, the bank said it has imposed a penalty of Rs 10.20 lakh on its senior executive Jimmy Tata for selling his shares in violation of insider trading regulations.
Q3 earnings: Mindtree, Rallis India, Indiabulls Real Estate, IndiaMart, Trident and Snowman Logistics are among the 21 companies that will release their December quarter numbers today.
Metropolis Healthcare: Diagnostic chain Metropolis Healthcare said it will acquire Dr Ganesan s Hitech Diagnostic Centre to strengthen its leadership position in southern India. The company s board has approved the acquisition partly by way of cash consideration of Rs 511 crore and partly by issuance of up to 4,95,000 equity shares to the promoter group of Hitech.