The couple took their dog Billie on a walk in Los Angeles this weekend
(Bloomberg) -- Blackstone Group Inc. has shelved a planned sale of its majority stake in Indian IT outsourcing services provider Mphasis Ltd. over valuations, according to a person familiar with the matter.The private equity firm rejected the two bidders in the final round as their offers didn’t meet its expectations, said the person, who asked not to be identified as the information is private. Blackstone has informed the interested parties that it has halted the sale, the person added.Blackstone bought a 60.5% stake in Mumbai-listed Mphasis from Hewlett Packard Enterprise Co. in 2016 at 430 rupees ($5.87) per share. The private equity firm also made an open offer to acquire additional shares from other shareholders. As of end of 2020, Blackstone owned about 56% in the tech firm.The asset manager started identifying buyers for its majority stake in Mphasis a few months ago. It had held talks with prospective investors including Carlyle Group Inc. and Singapore state investment fund GIC Pte. Shares in Mphasis reached an all-time high at 1,788 rupees each on Feb. 23.Mphasis fell about 1% in early Mumbai trading on Tuesday, giving the company a market value of about $4.1 billion. While the stock has receded from the peak, it’s still trading at around 1,600 rupees, way above Blackstone’s offer price five years ago.The Economic Times reported on Monday that negotiations between Blackstone and Carlyle have hit an impasse over valuations.Representatives for Blackstone and Carlyle declined to comment, while a representative for GIC couldn’t immediately comment.(Add Mphasis’s shares move on Tuesday in fifth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Daniel Andrews in intensive care with broken ribs and damaged vertebrae after fall on 'slippery stairs'The Victorian premier will remain in ICU ‘for the next few days’ on medical advice Daniel Andrews was taken to hospital after falling while he was getting ready for work on Tuesday. Photograph: Erik Anderson/AAP
Researchers found the head moved on its own immediately after separation from the body.
Kaapo Kahkonen made 26 saves to notch his first career shutout for the Minnesota Wild in a 2-0 victory over Vegas on Monday night to stop the NHL-leading Golden Knights' six-game winning streak. Kahkonen won his seventh consecutive start, extending his franchise rookie goalie record and improving to 10-4 in his debut season. Kevin Fiala scored his team-lead-tying eighth goal of the season in the first period, the only blemish against Golden Knights star Marc-Andre Fleury, who stopped 19 shots for the team with the best points percentage in the league nearly halfway through this pandemic-shortened schedule.
Matt James, this season’s lead of “The Bachelor,” took to Twitter during tonight’s episode to address the conversation he had with his father before heading into fantasy suite dates. “Tonight’s convo with my dad was hard to experience, and it’s just as hard to watch all this time later, especially knowing the world is watching […]
Reverend Akira Sato dreams of hearing hymns echo once again through the church he was forced to leave behind after the Fukushima Daiichi nuclear disaster a decade ago.
"He's been telling friends how much she means to him and how into her he is," a source tells PEOPLE about Scott Disick and Amelia Hamlin
The army takeover and arrest of elected leader Aung San Suu Kyi has plunged Myanmar into chaos. Security forces have killed over 60 protesters and detained more than 1,800 since then, an advocacy group said.In Sanchaung, police firing guns and using stun grenades announced on Monday they would check houses for anyone from outside the district and would punish anyone caught hiding them.U.N. Secretary-General Antonio Guterres had earlier called for "maximum restraint" and the safe release of all protesters without violence or arrests, a call echoed by the U.S. and British embassies in Myanmar.An advocacy rights group said around 50 people had been arrested in Sanchaung after police searched houses, though checks were still being made.A junta spokesman did not answer calls requesting comment.
President touts progress towards gender equality in the military
Rep. Dan Crenshaw, R-Texas, and Mark Morgan join 'Hannity' with reaction to president's immigration plan
'Hannity' host analyzes exactly what is in H.R. 1, the 'For the People Act'
Captain Kane Williamson will miss New Zealand’s three one-day internationals against Bangladesh later this month with an elbow injury. In a statement New Zealand Cricket medical manager Dayle Shackel said Williamson has a small tear in his left elbow tendon that requires immediate treatment. "Kane’s been managing the elbow injury to varying degrees this summer and unfortunately it hasn’t improved,” Shackel said.
Harry and Meghan interview stirs debate about Australia becoming a republicRepublicans say the Oprah TV special shows ‘a family in crisis’ and ‘out of touch with everyday Australians’• Palace under pressure to respond to Harry and Meghan racism claims Former prime minister Malcolm Turnbull says after the end of the Queen’s reign, Australia should consider if it’s time to become a republic. Photograph: Chris Jackson/Getty Images
The German Shepherds marked the return of pets to the White House after four years under Donald Trump
IAG said in a statement that since the sale of its 50% stake in BCC to Tokio Marine in 2019 it no longer had exposure to trade credit insurance, including policies sold by BCC to Greensill. The announcement comes a day after Greensill filed for insolvency after losing insurance coverage for its debt repackaging business and said that its largest client, GFG Alliance, had started to default on its debts. "As part of the sale IAG entered into agreements with Tokio Marine for it to hold any remaining exposure to trade credit insurance written by BCC through IAL," IAG said.
Increased links would allow far-right extremists to "enhance operational security and develop new tactics," concludes a report obtained by ABC News.
(Bloomberg) -- Chinese state-backed funds were said to intervene on Tuesday to alleviate declines in the stock market, a sign that the rout had gone too far for policy makers.The funds, known as China’s “national team,” stepped in to ensure stability during the government’s key policy meeting in Beijing, according to people familiar with the matter. A Hong Kong-based trader, who declined to be identified discussing client business, said entities linked to mainland funds were actively buying shares through stock links with Hong Kong on Tuesday.The CSI 300 Index of stocks erased a loss of as much as 3.2% to trade 0.2% higher as of 11:18 a.m. local time. The gauge on Monday posted its steepest decline since July to fall below its 100-day moving average. The champions that drove the recent rally are falling fastest; Kweichow Moutai Co. has lost 25% from last month’s peak, wiping out almost $130 billion in value.China’s government-related entities tend to be market stabilizers during downturns after five mutual funds were formed in 2015 to purchase stocks during the crash. Though their fate was uncertain after a reported liquidation in 2018, evidence of intervention includes buying through trading links with Hong Kong.Historically, Beijing has supported markets when needed around significant events or dates. On Friday, the first day of the National People’s Congress, the CSI 300 ended the day down 0.3% after falling as much 2%.Authorities had in many ways encouraged the recent correction in stocks after the CSI 300 briefly surpassed its closing record last month: officials repeatedly warned of asset bubbles and said that curbing risks in the financial system was this year’s key policy goal.(Updates throughout)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Australia Prime Minister Scott Morrison said he remained optimistic the country's COVID-19 vaccination drive would finish on time by October despite initial delays as it reported zero new local cases for the 11th straight day on Tuesday. Australia began mass inoculation for its 25 million population on Feb. 22 but missed its targets in the first two weeks as the pace of vaccination slowed after two elderly people were inadvertently given four times the recommended dose. Morrison said the vaccination rollout targets will be met as the government looks to ramp up the immunisation drive when Australia begins the local production of vaccine by the end of the month.
John Schnatter was fired in July 2018, for using the racial epithet on a conference call.