BUSINESS
NHSRCL opens technical bids for viaduct between Anand and Sabarmati
NHSRCL spokesperson Sushma Gaur said that the agency has opened technical bids for the design and construction of about 18 km of the viaduct between Anand and Sabarmati, a stretch that has 31 crossing bridges, including six steel truss bridges. The company had invited the technical bids for the project in October 2020. The process of evaluation of the bidders is underway.
New tax-free ceiling on PF for employees in firms without employer contribution
Presenting the Budget 2021-22, Finance Minister Nirmala Sitharaman had earlier proposed to restrict tax exemption for the interest income earned on the employees' contribution to various provident funds to the annual contribution of Rs 2.5 lakh.
Amazon 'threatened' US warehouse workers amid pandemic
The official NLRB documents, seen by Motherboard, revealed that the e-commerce behemoth "illegally interrogated and threatened Jonathan Bailey, a lead organiser of the Queens Amazon walkouts, who has issued a federal complaint against Amazon". The case pertains to an Amazon warehouse in Queens, New York.
Sensex shed major gains after reclaiming 50,000
It rose above the landmark level to touch an intraday high of 50,115.24 points. Around 10.40 a.m., Sensex was trading at 49,934.57, higher by 163.28 points or 0.33 per cent from its previous close of 49,771.29. It opened at 49,876.21 and has touched an intraday low of 49,779.89 points. The Nifty50 on the National Stock Exchange was trading at 14,774.10, higher by 37.70 points or 0.26 per cent from its previous close.
It is better to conduct investigation: ASG Divan on CCI probe in Amazon case
"But look at the reports. It is better to conduct an investigation and put the matter to rest rather than nipping it in the bud," Divan said. Karnataka High Court is hearing two petitions moved by Amazon and Flipkart seeking to quash the probe ordered by the Competition Commission of India (CCI) against them for alleged violations of Competition Law.
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.
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