Fri, Feb 19, 2021 9:14 AM
Airtel adds maximum number of wireless users for fifth consecutive month
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Global markets are bracing for potential turbulence as rising US Treasury yields signal economic headwinds amidst mixed data releases. The near 400-point fall in the Dow Jones Industrial Average last night underscored investor nervousness, with concerns mounting over a perfect storm scenario of slower GDP growth and escalating inflationary pressures.
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US private equity fund Advent International is among investors in discussions to acquire a minority stake in Apollo 24/7, the digital healthcare platform of Apollo Hospitals, said two people aware of the development. The buyer is likely to invest about Rs 2,100 crore ($250 million), valuing the subsidiary at about Rs 17,000 crore ($2 billion). Apollo 24/7 is part of Apollo HealthCo.
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Key lenders are likely to give their approval for the revenue stream-wise demerger of Vedanta by the end of May, a senior executive at the natural resources conglomerate told ET. Right now, the file is with Sebi. The important step that remains is securing the lenders' approval, group chief financial officer Ajay Goel said. Mumbai-listed Vedanta had announced a demerger in September last year.
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