BUSINESS
Microsoft in talks to acquire Discord for over $10B: Report
According to a GamesBeat report citing sources, Discord is "going through a sales process now that could result in a purchase of the communications and chat platform for much more than $10 billion". "One source said the company has signed an exclusive acquisition discussion with one party, meaning it is in final negotiations about a sale", the report said late on Monday.
Adani Ports to acquire 58.1% in Gangavaram port
The acquisition is valued at Rs 3,604 crore and subject to regulatory approvals. APSEZ, the transportation arm of Adani Group, had announced the acquisition of Warburg Pincus's 31.5 per cent stake in GPL on March 3 and together with this acquisition, APSEZ would have an 89.6 per cent stake in GPL.
Bullet train project: Tata Engineers Ltd-led JV lowest bidder for project management consultancy
National High-Speed Rail Corporation Limited spokesperson Sushma Gaur said, "Financial bids for the work Project Management Consultancy Services for the construction of civil works packages for MAHSR project' were opened today. This includes supervision of all 13 civil works packages including Viaducts, concrete or steel bridges, tunnels, civil work of all 12 stations, maintenance depots, and training institute building.
Strong GDP growth in FY22 to drive logistics demand: Ind-Ra
According to the agency, strong-to-moderate recovery is already being witnessed across various logistics sub-sectors. Besides, commissioning of the Dedicated Freight Corridor could boost volumes and efficiencies across ports as well as inland container depot/container freight station players.
Microsoft announces to reopen headquarters from March 29
The company said that while stages 4 and 5 offer limited or augmented options for workers who choose to be on-site, employees are encouraged to work remotely while their site remains in stages 1-5 and should not feel they need to return.
Manufacturing gaining lost momentum in Q-4: FICCI survey
As per the survey, the overall capacity utilization in manufacturing has witnessed a rise to 74 per cent as compared to 65 per cent in previous quarter. The future investment outlook, however, looks slightly better as 30 per cent respondents reported plans for capacity additions for the next six months as compared to 18 per cent in the previous quarter.
Curtailed banking services during March 27-April 4
All banks will stay closed for three consecutive days from March 27 (4th Saturday), March 28 (Sunday) and March 29 (Holi). Further, customer-facing services at bank branches will remain closed on March 31 and April 1 as banks close their books for FY21. April 2 would be a holiday on account of Good Friday and being a Sunday, services will be shut on April 4.
Piramal Capital & Housing Finance raises Rs 4,050 cr via NCDs
Rajesh Laddha, Executive Director, Piramal Enterprises Ltd said: "Since the beginning of FY 2020, we have significantly transformed the liabilities profile towards more stable, long-term sources of funds. The company has raised over Rs 50,000 crore since April, 2019, through multiple long-term borrowings and equity transactions, thereby materially strengthening the balance sheet."
CAIT praises Uday Shankar for FICCI stand on e-commerce
"At the outset, we at CAIT appreciate you for standing up for Indian people and taking a clear stand by demanding clarifications in FDI policy in e-commerce for enhancing transparency and its strict implementation in letter and spirit by each player, be it foreign or Indian, big or small," CAIT said in a letter to Uday Shankar.
Gold drops below Rs 45K/10g, silver futures plunge
The April contract of gold on the MCX is currently trading at Rs 44,888 per 10 gram, lower by Rs 133.00 or 0.30 per cent from its previous close. CapitalVia's weekly commodity report said that for this week, traders should look forward to 'sell-on-rise' opportunity from Rs 45,200, keeping stop loss of around the previous resistance level of Rs 45,650, for aiming target of Rs 44,635.
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