Healthcare Financial News

Hindustan Unilever Limited (HUL) has announced the resignation of Leo Puri as an Independent Director of the company, effective June 30, 2025. Puri, who has been serving on HUL’s board, has stepped down due to an increase in his board commitments, including his proposed appointment to the board of a global entity. Puri’s resignation is also because of the overboarding criteria for Independent Directors under the European Corporate Governance requirements, the FMCG major confirmed in a regulatory filing on the stock exchanges. With his resignation, Puri will also step down as Chairperson of the Risk Management Committee, ESG Committee, and Independent Committee Puri also holds independent directorships in Dr. Reddy’s Laboratories and Fortis Healthcare. At Dr. Reddy’s, he chairs the Stakeholders Relationship Committee and is a member of the Nomination, Governance, and Compensation Committee, as well as the Science, Technology, and Operations Committee. As recent as December, he was also appointed as the Chairperson of Fortis Healthcare’s board.

Lilavati Hospital, one of the country’s most reputed healthcare institutions, is at the centre of an explosive controversy. The Lilavati Kirtilal Mehta Medical Trust (LKMMT), which runs the hospital, has accused its former trustees of siphoning off over Rs 1,500 crore through fraudulent transactions, kickbacks, and illegal offshore deals. But it doesn’t end there. The trust has also alleged that black magic rituals were conducted within the hospital premises, with human remains discovered beneath the floor of the current trustees' office. The accusations, bizarre yet serious, have resulted in multiple FIRs and a growing legal battle.

Mrs. Bectors Food Specialities Ltd.(up 5.13%), Umang Dairies Ltd.(up 3.47%), Varun Beverages Ltd.(up 2.70%), Vadilal Industries Ltd.(up 1.65%), Nakoda Group Of Industries Ltd.(up 1.62%), Nakoda Group Of Industries Ltd.(up 1.62%), JHS Svendgaard Laboratories Ltd.(up 1.52%), Parag Milk Foods Ltd.(up 1.24%), Dodla Dairy Ltd.(up 1.20%) and Tata Consumer Products Ltd.(up 0.96%) were among the top gainers.

Subscribe to enjoy similar stories. Global private equity firms Blackstone Inc., General Atlantic and TPG Capital are moving in to acquire revenue cycle management firm AGS Health for around $1 billion, said two people with knowledge of the deal. The deal process, launched earlier this year, is likely to conclude next quarter, the people said, speaking on the condition of anonymity.

Blackstone, Hillhouse Investment, TPG Capital, and General Atlantic have submitted non-binding bids to acquire AGS Health, valuing the healthcare IT services firm at around $1 billion, said multiple people aware of the development. EQT Partners, the Swedish fund that owns AGS Health, has hired JP Morgan and Bank of America to manage the sale process which will be launched by early next year, ET first reported in September 2024. EQT acquired AGS Health in 2019 for $320 million. Spokespeople at EQT, Blackstone, and General Atlantic declined to comment. Hillhouse and TPG Capital did not respond to email queries.

SIA-India) on Wednesday welcomed the strategic partnerships of Elon Musk-led SpaceX with Airtel and Reliance Jio. «These collaborations will accelerate broadband expansion and play a crucial role in enhancing connectivity across industries such as ports, rural enterprises, mining, oilfields, villages, and India's Exclusive Economic Zone (EEZs), where satellite technology can deliver substantial value,» Anil Prakash, director general, SIA-india, said. He said by complementing existing terrestrial networks, these partnerships will drive socio-economic growth, foster digital inclusion, and unlock new business opportunities across sectors like education, healthcare, e-governance, and agriculture.

Demokraatit Party obtained the highest number of voter support. The outcome emerged during a period when the territory has experienced increased global attention from the US. As per reports, voters prioritized social matters such as healthcare and education before the question of independence from Denmark.

Policybazaar, declined nearly 5% on Wednesday after the company's proposal to infuse Rs 696 crore in its healthcare arm failed to cheer investors. The scrip of PB Fintech tanked 4.70% to close at Rs 1,399.95 apiece on the National Stock Exchange (NSE). On the BSE, it fell 4.44% to settle at Rs 1,404.15 per share. In volume terms, 46.18 lakh equity shares of PB Fintech were traded on the NSE, and 1.23 lakh scrips exchanged hands on the BSE during the day.

Aster DM Healthcare on Wednesday said its promoters have reduced their share pledge from 99 per cent to 41 per cent after completing a debt refinancing transaction from top-tier global financial institutions. As part of the refinancing process, the new lenders — JP Morgan, HSBC, and Barclays — provided fresh funding, enabling Aster DM Healthcare promoters to refinance its existing loans at better terms as well as loan-to-value, the company said in a statement. «The reduction in Aster's pledged shares is a significant testament to our financial strength as promoters, especially in light of the volatile global market conditions,» Aster DM Healthcare Founder and Chairman Azad Moopen said.

Pension funds that were buoyed by soaring stock markets and growing economies that helped produce double-digit returns last year are now being challenged by the escalating trade war between the United States and Canada that is spilling out globally.

Subscribe to enjoy similar stories. The Indian equities market has captured the limelight for its stellar performance in recent years. However, valuations reaching historically high levels made many investors question the sustainability of such growth.

Prataprao Jadhav told the Rajya Sabha on Tuesday. The investigation indicated that the most likely precursor of GBS in the population group is prior infections caused by campylobacter, Jadhav said in a written reply to a question. The Central technical team was deployed on January 2 comprising experts from the National Centre for Disease Control (NCDC), National Institute of Mental Health and Neuro Sciences (NIMHANS) and National Institute of Virology (NIV), Pune on site to study the pathogens and outbreak. Majority of cases have been reported from specific clusters in Pune, with additional cases in Nanded, Jadhav said. These areas have been mapped for epidemiological investigation. The study was focused on identifying the exact source of the outbreak, with a thorough examination of water supply systems, sources of water, and other relevant factors, he said. «The investigation indicated that the most likely precursor of GBS in this population group is prior infections caused by Campylobacter,» he stated.

Sensex down by over 5% in February, Samir Arora, the founder and CIO of Helios Mutual Fund, has drastically increased cash holdings in his flexi cap fund from 1.70% in January to 20.60% in February. Fund managers are allowed to keep a part of their portfolio in cash to meet events like redemptions or make investments when they see a possible opportunity in the market. Also Read | Sensex up nearly 900 points in March so far. How should mutual fund investors tweak their portfolios?

government shutdown now seems likely and that could initiate a disaser-like scenario, including halted services, delays in programs like veterans’ benefits, food assistance, and healthcare. National parks, passport processing, and IRS operations might also grind to a temporary stop, as per reports.

Corporate hiring sentiments for the June quarter rose three percentage points compared to the January-March 2025 quarter, seven percentage points more than the corresponding quarter last year, and 18 percentage points higher than the global average of 25%, found the latest edition of the ManpowerGroup Employment Outlook Survey shared exclusively with ET. About 55% of 3,150 Indian employers asked about their hiring plans for the June quarter said they would hire more people; 12% expected a decrease in hiring intent or had no plans to backfill; 29% did not expect any change in their workforce, and 4% were unsure. This puts the net employment outlook (NEO) — a bellwether of labour market trends — at 43%, the difference between companies looking to hire and those expecting a fall in headcount or hiring numbers.

The automobile sector, on the other hand, is expected to have a very minimal impact owing to the US being a small export market. Terming India as a very high tariff nation, US President Donald Trump has said that reciprocal tariffs on countries that impose levies on American goods will kick in on April 2.

The latest figures published by the US Bureau of Labor Statistics today (7 March) came in below market expectations, with economists polled by Reuters predicting the monthly rise in payrolls to hit 160,000 jobs. Nevertheless, the figures for February marked a significant increase from the downwardly-revised figure of 125,000 jobs for January this year. The largest rise was recorded in the healthcare sector, which added 52,000 jobs last month, in line with the average monthly gain of 54,000 over the last year. US adds 256,000 jobs in December as unemployment rate softens Non-farm...

Subscribe to enjoy similar stories. Investors on the hunt for high-growth opportunities know that picking the right stocks is more than just chasing short-term gains—it's about identifying businesses with strong fundamentals, industry tailwinds, and the ability to scale over time. As India’s economy surges toward the $5 trillion mark, key sectors like renewable energy, healthcare, digital infrastructure, and technology are presenting massive wealth-creation opportunities.

Subscribe to enjoy similar stories. Let’s not call this a crisis of confidence in the S&P 500 index—at most, it’s a hiccup amid hallelujahs. The index was recently down slightly year to date but has still more than tripled investor money over the past decade.

Subscribe to enjoy similar stories. A recent news story in a prominent US daily reported that a number of non-profits in Washington DC are distributing robotic pets to residents aged 60 and older in some areas of the city to ease their loneliness and isolation. While in the US, about 28% of people aged 65 and older live by themselves, the number in that age group is projected to increase to 82 million by 2050, which will be 23% of the total population.