Mon, Sep 7, 2020 9:38 PM
Motherson Sumi's proposed NCDs worth Rs 3,000 crore assigned IND AAA rating
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Microsoft Corp. announced on April 25 that its third-quarter revenue soared to $61.9 billion, marking a 17% increase, and profits reached $2.94 per share, exceeding the average analyst estimates of $2.83 on sales of $60.9 billion as of March 31. The results, driven by robust corporate demand for its cloud and AI offerings, sparked a late trading surge in shares, as per Bloomberg.
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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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