Indian Continent Investment, led by Sunil Mittal, plans to sell approximately 0.8% of its stake in Bharti Airtel for over ₹9,300 crore through a block deal. The sale involves five crore shares at a floor price of ₹1,862 per share, a 3% discount. This follows a similar stake sale in February, with Bharti Airtel’s shares showing significant gains this year.
US inflation tops 4% for first time in three years, keeping Fed hike in play
US inflation climbed to 4.1% in May, driven by rising energy prices, keeping the Federal Reserve’s interest rate hike plans on the table for September.