Carrier Global Sells Fire Business for $3 Billion, Continues Transformation

Carrier Global Corporation (CARR) announced the sale of its Commercial and Residential Fire business to an affiliate of Lone Star Funds for $3 billion. This move is a key part of Carrier’s portfolio transformation following its acquisition of Viessmann Climate Solutions and divestitures of other units. The sale is expected to close by the end of 2024 and will result in approximately $2.2 billion in net proceeds for Carrier, which plans to use the funds for share repurchases.

Top Political Events Today: Congress CWC Meet, Macron-Biden Meeting, Delhi Fire Safety Audit

Today’s political events include the Congress Working Committee meeting to discuss Lok Sabha election results, a meeting between French President Emmanuel Macron and US President Joe Biden, and a directive for Delhi hospitals to conduct fire safety audits. Additionally, pro-Palestinian protesters plan to demonstrate near the White House, and Israel’s war cabinet minister threatens to resign over the Gaza conflict.

Union Health Ministry Directs Hospitals to Enhance Fire Safety Measures After Delhi Day Care Fire

Following the tragic fire at a Delhi day care center that claimed the lives of seven newborns, the Union Health Ministry has issued directives to states and union territories to ensure strict adherence to regulatory protocols and fire safety norms in all hospitals. The directive emphasizes the need for regular mock drills and coordination with local authorities to obtain fire safety NOCs promptly.

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