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Blackstone in deal to buy majority stake in Mphasis April 26, 2021 × PE Fund to invest up to $2.8 billion to pick up 26 per cent more through rights issues Blackstone on Monday said that the private equity funds managed by it have entered into definitive agreements to acquire a majority stake in Mphasis Ltd. A wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA), UC Investments and other long-term investors will co-invest along with Blackstone. Mphasis is one of the leading providers of information technology services, specialising in cloud and digital solutions. It has deep domain expertise in banking, financial services and insurance sectors (BFSI) and serves 35 of the top 50 US BFSI firms. Mphasis also has long-term relationships with multiple marquee global customers. ....
Vaccine inequity will make containment measures more difficult In the midst of a raging second wave, which is touching new peaks each passing day, the Central government has abdicated its responsibility to ensure vaccine equity through free vaccination for the poor across all age groups. While State governments were never consulted or given prior notice about the change in vaccination policy, giving the two vaccine manufacturers a free hand to decide the price at which vaccines will be sold to State governments has made universal COVID-19 vaccination a difficult task to achieve. A large percentage of those aged 18-44 years does not have the resources to pay for vaccines and hence will fall through the cracks. So, the States will have to take a leading role in the free immunisation programme. While nearly two dozen States have already committed to vaccinate for free the target population, it remains to be seen if they use any criteria to identify the beneficiaries. Never befor ....
PHNOM PENH, April 23 (dpa): Police in Cambodia’s capital are wielding canes and batons to threaten and beat people who violate the city’s lockdown rules. Thursday (April 22) marked a week of lockdown measures in Phnom Penh, a city of more than 2 million. Introduced to curb an accelerating coronavirus outbreak linked to more than 6,000 infections and 54 deaths, the rules have been revised several times, deepening public confusion about what is permitted. Nevertheless, the government has arrested hundreds of people for violations - at least six have already been sentenced to one-year prison terms. Authorities on Monday designated three red zones where people are banned from leaving their homes, except for emergencies. ....