Bharti Airtel Ltd., India’s largest mobile-phone operator, will sell a 5 percent stake to the Qatar Foundation Endowment for $1.26 billion after the carrier posted quarterly profit that missed estimates.
For two decades, U.S. universities have raced to build campuses abroad to burnish their reputation and attract foreign students. Now, controversies and stumbles at high-profile projects have led some to reconsider expansion.
India’s economy is growing at the slowest pace in a decade, companies are burdened by record debt and governance is so bad that even local cement billionaire Kumar Mangalam Birla is reluctant to invest in the country.
Tamim bin Hamad Al Thani had just turned 15 years old the summer his father overthrew his grandfather. It was June 1995. While Sheikh Khalifa bin Hamad Al Thani, the emir of Qatar, was traveling in Switzerland, Tamim’s father deposed him in a bloodless coup.
Vodafone Qatar, a venture between Vodafone Group Plc and the state-owned Qatar Foundation, plans to obtain a $100 million loan in the next 45 days to establish a fixed-line phone network in the Persian Gulf emirate, said John Tombleson , the company’s acting chief executive officer.
Solarworld AG, Germany’s biggest maker of solar panels, rose the most in four months after newspapers reported that Qatar Solar Technologies will help finance a restructuring by acquiring a 30 percent stake.