BUSINESS
This is how Oracle is helping Indian businesses in 2nd Covid wave
The year 2020 reset the clock for several industries and CEOs are now keen to leapfrog innovation cycles and quickly figure out what resonates with their customers. "Their focus clearly is on faster, data-driven innovation. And there's increased awareness on why Cloud is the best engine to aid faster innovation at scale," Shailender Kumar, Regional Managing Director, Oracle India, told IANS.
Edtech platform upGrad raises Rs 898 cr from Temasek
"This capital will further fuel our commitment towards global expansion as well as deeper India penetration, as we march forward with our goal of making India the teaching capital of the world," said upGrad Co-founders Ronnie Screwvala, Mayank Kumar and Phalgun Kompalli in a joint statement.
Blackstone to buy controlling stake in Mphasis for up to $2.8B
Based on the open offer subscription, the blended purchase price will vary between Rs 1,452 to Rs 1,497 per share and the purchase consideration will vary between Rs 152 billion to Rs 210 billion (approximately $2 billion to $2.8 billion), Blackstone said in a statement.
Sensex up 750 points, Nifty above 14,500
Healthy buying was witnessed in banking, finance and metal stocks. Around 10.05 a.m., Sensex was trading at 48,631.00, higher by 752.55 points or 1.57 per cent from its previous close of 47,878.45. It opened at 48,197.37 and has so far touched an intra-day high of 48,667.98 and a low of 48,152.24 points.
Reliance, bp start 2nd new deepwater gas field in KG D6 block
Accordingly, RIL and bp have been developing three deep-water gas developments in block KG D6 - 'R Cluster, Satellite Cluster and MJ' - which together are expected to produce around 30 mmscmd (1 billion cubic feet a day) of natural gas by 2023, meeting up to 15 per cent of India's gas demand.
Amazon donating 10,000 oxygen concentrators to India
The first of these consignments were set to land in Mumbai on Sunday and a majority of the shipping is expected to be completed by April 30. Amazon has joined hands with ACT Grants, Temasek Foundation, Pune Platform for COVID-19 Response (PPCR) and other partners to urgently airlift over 8,000 oxygen concentrators and 500 BiPAP machines from Singapore.
Large developers continue to gain market share: Report
In FY21, the struggles for the unlisted residential developers have increased as they are highly leveraged, it said. "Hence, larger, organised tier developers continue to gain market share and are expected to account for a larger share of new launches going forward. This theme has already played out in the office/retail segment over the last decade with just 8-9 large pan India annuity asset developers," the report said.
Srei Equipment Finance receives EoI for capital infusion
Established in 1992, Cerberus comprises one of the world's leading private investment firms with around $53 billion under management across multiple strategies. Cerberus is headquartered in New York City, USA, and has advisory offices in Mumbai, Tokyo, Hong Kong, Singapore, Beijing, London, Dublin, Dubai, Madrid and Frankfurt, among others.
FPIs pull out investments worth Rs 8,674cr from Indian equity
This reversal in trend comes around a year after a bull run on the Indian stock market and continuous inflow of foreign investments into the equities. So far in 2021, the net FPI investments into equities stand at Rs 47,068 crore, with net inflows of Rs 19,473 crore, Rs 25,787 crore and Rs 10,482 crore in January, February and March, respectively.
Snapchat acquired Fit Analytics for $124M
Snap acquired Fit Analytics in March and now, a filing has put a price tag on that deal, reports TechCrunch. The filing also revealed that Snap spent a total of $204.5 million on acquisitions in 2020.
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