Park Medi World plans a ₹770 crore IPO to repay debt and fund expansion, with its promoter stake to decrease. Despite a marginal dip in margins and average length of stay, the hospital chain maintains profitability above peers. However, geographic concentration and lower average revenue per occupied bed present potential risks for investors.
Oil prices fall 1% as investors weigh pause in US strikes on Iran
Oil prices dropped as market participants assessed a pause in US strikes on Iran. Hopes for a diplomatic solution eased concerns about Middle East energy