Latest news with #MediAssist
Time of India
12-08-2025
- Automotive
- Time of India
Stocks in news: Medi Assist, SJVN, Ashoka Buildcon, Bata India, Adani Enterprises
VinFast Auto India has partnered with HDFC Bank to provide auto and inventory financing for its exclusive dealer network. Markets rebounded, gaining nearly a percent after a recent downturn. Medi Assist's promoter may sell up to 4% stake via block deals. SJVN reported a 36% YoY drop in net profit, while Ashoka Buildcon saw a 45% increase. Bata India's profit declined steeply by 70.1%, and Adani Defence will acquire Indamer Technics. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Markets started the week on an upbeat note, gaining nearly a percent and providing a breather after the recent decline. In today's trade, shares of Medi Assist Adani Enterprises among others will be in focus due to various news entity Bessemer India is likely to sell up to 4% in Medi Assist through block deals, according to a report. SJVN reported a 36% YoY fall in consolidated net profit to Rs 228 crore for the quarter ended June 2025. Ashoka Buildcon posted a consolidated net profit of Rs 217 crore for Q1FY26, marking a 45% increase from Rs 150 crore in the same quarter last India posted a consolidated net profit of Rs 52 crore for the first quarter, marking a steep 70.1% decline from Rs 174 crore in the year-ago Defence and Aerospace, in partnership with Prime Aero, has signed a definitive agreement to acquire a 100% stake in Indamer Auto India has partnered with HDFC Bank to provide auto and inventory financing for its exclusive dealer network.
Economic Times
12-08-2025
- Business
- Economic Times
Stocks in news: Medi Assist, SJVN, Ashoka Buildcon, Bata India, Adani Enterprises
Markets started the week on an upbeat note, gaining nearly a percent and providing a breather after the recent decline. In today's trade, shares of Medi Assist, SJVN, Ashoka Buildcon, Bata India, Adani Enterprises among others will be in focus due to various news developments. ADVERTISEMENT Medi Assist Promoter entity Bessemer India is likely to sell up to 4% in Medi Assist through block deals, according to a report. SJVN SJVN reported a 36% YoY fall in consolidated net profit to Rs 228 crore for the quarter ended June 2025. Ashoka BuildconAshoka Buildcon posted a consolidated net profit of Rs 217 crore for Q1FY26, marking a 45% increase from Rs 150 crore in the same quarter last year. Bata India ADVERTISEMENT Bata India posted a consolidated net profit of Rs 52 crore for the first quarter, marking a steep 70.1% decline from Rs 174 crore in the year-ago quarter. Unlock 500+ Stock Recos on App Adani Enterprises Adani Defence and Aerospace, in partnership with Prime Aero, has signed a definitive agreement to acquire a 100% stake in Indamer Technics. ADVERTISEMENT HDFC BankVinFast Auto India has partnered with HDFC Bank to provide auto and inventory financing for its exclusive dealer network. (You can now subscribe to our ETMarkets WhatsApp channel)
New Indian Express
02-07-2025
- Business
- New Indian Express
Medi Assist Healthcare buys Paramount TPA for Rs 312 crore
MUMBAI: The Bengaluru-based third-party insurance service provider Medi Assist Healthcare Services has acquired 100% stake in the rival firm Paramount Health Services & Insurance TPA for a total consideration of around Rs 312 crore. This acquisition marks pivotal step in Medi Assist's continued growth strategy, reinforcing its position as the country's largest health benefits administrator. The transaction adds Rs 4,000 crore of health premia under administration to the only publicly traded company in this segment in India, Medi Assist said in a statement on Wednesday.
Time of India
02-07-2025
- Business
- Time of India
Medi Assist Insurance completes acquisition of Paramount TPA
Medi Assist Insurance TPA Pvt Ltd on Wednesday said it has completed acquisition of a 100 per cent stake in Paramount Health Services & Insurance TPA. Both entities will continue to operate independently until a formal merger process is completed. This ensures a smooth transition as the companies integrate their operations and align their offerings for enhanced value creation, Medi Assist TPA said in a statement. With this transaction, Medi Assist is set to add Rs 4,000 crore of health premiums, under administration, it said, adding the deal also enhances its provider networks and enables it to leverage operational synergies to scale services more efficiently across all health insurance segments. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like [Click Here] 2025 Top Trending local enterprise accounting software Esseps Learn More Undo "Acquisition of Paramount TPA is a significant milestone in our journey to simplify health benefits and increase access to quality healthcare for all," Medi Assist CEO Satish Gidugu said. He further said,"Paramount's deep-rooted relationships and domain expertise complement our technology-driven approach, positioning us to deliver enhanced value to insurers and a superior experience to policyholders." Live Events In August last year, Medi Assist announced that it would fully acquire Paramount TPA at an enterprise value of Rs 311.8 crore.
Time of India
26-06-2025
- Business
- Time of India
Star Health insurance partners with Medi Assist to transform claims through AI and digital innovation
Star Health and Allied Insurance Company Ltd. ('Star Health') India's largest retail health insurer, has entered into a strategic partnership with Medi Assist Healthcare Services Limited ('Medi Assist'), to adopt MAtrix platform, an advanced AI-powered claims platform. This collaboration is a significant step in Star Health's ongoing claims transformation journey, focused on delivering faster settlements, better customer engagement, and technology-led service excellence. The partnership will help in identification and elimination of fraud and reduction in waste and abuse through AI tools. Through the partnership Star Health Insurance is modernising its claims ecosystem to be future-ready. The platform will help the Company strengthen its ability to manage rising claim volumes while maintaining speed, consistency, and transparency in its operations. As part of this transformation, Star Health Insurance is scaling up its digital capabilities to meet growing service expectations from hospitals, policyholders and regulators. The use of the platform introduces intelligent automation, reduces manual steps, and streamlines workflows, enabling stronger turnaround performance across the network. Anand Roy, MD & CEO, Star Health and Allied Insurance said, 'This marks a major step forward in strengthening our in-house claim management capabilities. This partnership is a key milestone in our journey to build a more agile and technology-driven claims ecosystem. Claims are at the heart of the insurance experience, and with Medi Assist's platform, we are enhancing speed, accuracy, and consistency, while keeping a keen eye on fraud, waste and abuse. By reducing manual interventions and standardising processes, we aim to strengthen efficiency and reinforce trust with our policyholders. This along with other initiatives being undertaken at Star Health Insurance will ensure our focus remains on delivering transparent, reliable, and customer-first claims service that meets the evolving needs of the health insurance and healthcare landscape.' Echoing this sentiment, Satish Gidugu, CEO, Medi Assist said, 'We are excited to collaborate on this transformative journey. This partnership is set to redefine industry standards in technology-driven insurance operations, ensuring an exceptional Policyholder experience.' A key advantage from the partnership for Star Health Insurance is its rules and configuration-based engine, which ensures consistent and standardised claims adjudication. This reduces subjectivity and improves process accuracy. The platform also enables co-working and AI co-pilot support, allowing Star Health Insurance's claims teams to make faster and more informed decisions. Additionally, it strengthens the Company's ability to detect and prevent fraud through advanced AI and machine learning tools, helping reduce waste and protect the integrity of the claims process. The partnership also strengthens customer engagement, with AI-powered chatbots, virtual assistants, and omnichannel support available across mobile apps and WhatsApp. A unified API architecture ensures secure, real-time data exchange among insurers, healthcare providers, and the National Health Claims Exchange (NHCX), enhancing overall stakeholder connectivity. This integration represents a critical advancement in India's digital health insurance landscape combining innovation, operational readiness, and a sharper focus on policyholder outcomes.
