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The Chinese parent has diversified investments that range from healthcare to football clubs, asset management, banks, estate, hospitality, fashion and industrials. The conglomerate has a presence across the pharma value chain from manufacturing to diagnostics and medical devices. Shanghai Fosun Pharmaceutical Co. had acquired an 86% stake in Gland Pharma in 2016 from KKR for a record deal value of $1.26 billion.
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The crypto sector's market value hit $4 trillion on Friday, according to CoinGecko, marking a milestone that reflects its shift from a nascent asset class to a central part of the global investment landscape.
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Several Indian companies, including Life Insurance Corporation of India, Hero MotoCorp, and Zydus Lifesciences, will soon set record dates for dividend distribution. Shree Cement and Thangamayil Jewellery's ex-date and record date is on July 21. Voltamp Transformers' ex-date and record date is on July 22.
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Blackstone has withdrawn from the consortium seeking to invest in TikTok's U.S. operations amid uncertainty and delays in the deal, which is now entangled in U.S.-China trade talks. The consortium, led by Susquehanna International Group and General Atlantic, aimed for U.S. investors to own 80% of TikTok.
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News and Media
In Doha, the Democratic Republic of Congo and the M23 rebels committed to peaceful resolution, signing a declaration of principles to end their conflict. With the US special envoy present, the agreement, brokered by Qatar, sets a deadline of August 8 for commencing peace negotiations. This marks a significant step towards resolving the nearly four-year-long conflict.
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News and Media
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