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Apollo Hospitals to secure IFC's stake in Apollo Health and Lifestyle

Apollo Hospitals to secure IFC’s stake in Apollo Health and Lifestyle

Apollo Hospitals announced a new 100-bed oncology centre with a $64.9m investment. Credit: Alexander Steamaze / Shutterstock.com. Apollo Hospitals Enterprise (AHEL) in India has announced its plans to acquire International Finance Corporation’s (IFC) 31% equity stake in its retail healthcare subsidiary, Apollo Health and Lifestyle (AHLL). This move involves a Rs12.54bn ($142m) transaction, making Apollo…

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China accuses Nvidia of violating antimonopoly laws following investigation

China accuses Nvidia of violating antimonopoly laws following investigation

China on Monday accused Nvidia of violating the country’s antimonopoly laws and said it would step up scrutiny of the world’s top chipmaker, heightening tensions with Washington as the two countries meet for trade talks this week. Chinese regulators said they would carry out “further investigation” into Nvidia after a preliminary investigation found that the…

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