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Rollout of Nationwide Health Insurance Scheme Ayushman Bharat Announced et al.

Professor of Financial Economics and Part-time Value Investor, Transfin.
Aug 15, 2018 12:38 PM 1 min read
Editorial

End of Day Wrap-up (Wednesday / Aug 15, 2018) #trade #oil #crudeoil #Fortis #IHHHealthcare #AyushmanBharat #US #Tesla #Musk #ElonMusk #WarrenBuffet #Apple #GoldmanSachs #GeneralMotors #Transfin

Editor's Comment: India's trade deficit widens to 5 year high of $18.02bn driven by rising oil imports. Rise of merchandise exports by 14.3% yoy was negated by oil imports going up by 57.4% during the same period.

 

Fortis shareholders vote in favour of offer to acquire from IHH Healthcare. 99%+ shareholders votes in favour of offer worth INR4,000cr at INR170 per share. IHH Healthcare, a Malaysian-Singaporean player outbid TPG-Manipal during this process.

 

PM announces roll-out of nationwide health insurance scheme (Ayushman Bharat) from 25th September 2018 onwards. Scheme planned to provide basic health coverage to 500m people.

 

India considering a 50% cut on oil imports from Iran to secure a sanctions waiver from the US. India is currently Iran's 2nd largest crude oil customer. Iran is already offering discounts on crude oil to its Asian customers in anticipation of US sanctions which will kick-in from November 5th.

 

Tesla board members hire attorneys to protect themselves from legal exposure in light of Elon Musk's impromptu announcements on taking the company private.

 

Warren Buffett increases holdings in Apple, Goldman Sachs, and General Motors. Berkshire Hathaway bought 12m more shares of Apple during Q2.