Crude oil prices rose early on Tuesday as a drop in the US dollar made crude a more attractive buy, paring losses of more than 4% incurred overnight on the prospect of producers returning more than 2 million barrels per day of supply to the market by July. Brent crude futures jumped 83 cents, or 1.3%, to $62.98 a barrel at 0012 GMT, after falling 4.2% on Monday.

Singapore Stock Exchange (SGX) will be establishing its offshore office at Gujarat International Finance Tec-City (GIFT-City) in Gandhinagar. Singapore's High Commissioner Simon Wong leading a high-level delegation from his country paid a courtesy call on Gujarat Chief Minister Vijay Rupani here on Monday regarding the development of the office.

ShareChat, whose growth has been on a tear since the ban on TikTok and other Chinese apps, is in talks to raise about $200 million led by Tiger Global Management. The latest round would value the regional language social network at $2 billion, double what was previously reported. Sources revealed, Tiger is expected to contribute about one-third of the round.

Radhakishan Damani is an Indian billionaire investor, businessman and DMart founder. He also manages his portfolio through his Investment firm, Bright Star Investments Ltd. Top 5 holdings of the ace investor: [1] Avenue Supermarts (Rs 1.18L cr, 65.18%), [2] VST Industries (Rs 1.583cr, 31.03%), [3] Sundaram Finance (Rs 676cr, 2.37%), [4] India Cements (645cr, 12.68%), and 3M India (472.6cr, 1.48%).

152.5 mw rooftop solar assets are acquired by Radiance Renewables from Azure Power Global for Rs 536.5 crore. Radiance is subsidiary of a green growth equity fund managed by Everstone Group firm EverSource Capital. The transaction is through the green growth equity fund, an equal JV between Singapore-based private equity firm Everstone Group and British solar green energy major Lightsource.

MicroStrategy purchased about 253 bitcoins for $15 million in cash at an average price of around $59,339 apiece, the company’s founder and CEO Michael Saylor announced on Monday. As of 5 April, the US-based software firm holds approximately 91,579 bitcoins that were acquired at an aggregate purchase price of $2.226 billion and an average purchase price of around $24,311 per bitcoin.

CareerLabs has secured $2.2 Mn in a new funding round led by Rocket Internet’s VC fund Global Founders Capital. The funding round also saw participation from Toshan Tamhane, the chief digital officer at UPL, and Ajit Isaac, founder-chairman of QuessCorp, among others. The Bengaluru-based startup offers a talent-building and skill development platform for college students and working professionals.

Amid the massive Covid-19 surge in the country, Kirloskar Industries on Monday said that all its offices will remain closed from 6 April till 30 April. All employees of the company will manage work from home. Meanwhile, Toyota Kirloskar Motor (TKM) announced that it would cover the COVID-19 vaccination expenses of all its staff, their family members and contractual employees.

Reliance Jio collaborated with US chipset manufacturer Qualcomm for a year-long collaboration on the former’s JioGames platform, which could usher in the post-PUBG era in the Indian esports arena. The partnership commenced with Call of Duty Mobile Aces Esports Challenge, a battle royale single-stage tournament starting April 1 with no registration fee and open to both Jio and non-Jio users.

Freight traffic handled by 12 major ports of India shrunk 4.6% year on year to 672.61 million tonne in FY 2020-21 due to disruptions caused by the COVID-19 pandemic mainly in the first half of the year, according to data released on April 5 by the Indian Ports Association. However, Ports' freight traffic showed a YoY increase for the fifth consecutive month in March. 

Gold prices jumped by Rs 340 to Rs 45,259 per 10 gram in the Mumbai retail market on a sharp fall in rupee despite muted global cues. The rate of 10 gram 22-carat gold in Mumbai was Rs 41,457 plus 3% GST, while 24-carat 10 gram was Rs 45,259 plus GST. The 18-carat gold quoted at Rs 33,944 plus GST in the retail market. In the international market, the yellow metal traded with marginal losses.

Bharti Airtel collaborated with the health app Apollo 24/7 to offer a wide range of e-healthcare services to its customers as part of their exclusive Thanks benefits. Under the collaboration, Airtel Platinum and Gold customers will get complimentary membership to Apollo Circle. This will include virtual consultation with specialists from Apollo, online test booking, and home delivery of medicines.

Panacea Biotec Ltd on Monday announced that it had signed an agreement with the Russian Direct Investment Fund (RDIF) for manufacturing 100 million doses of Sputnik V vaccine per year. Panacea Biotec is the first experienced vaccine manufacturer in India with whom RDIF has a manufacturing agreement. The Sputnik V covid-19 vaccine is among those with the highest efficacy to be available in India.

The National Highways Authority of India (NHAI) on Monday filed draft papers with markets regulator Sebi for floating an Infrastructure Investment Trust (InVIT). NHAI plans to mop up a total of Rs 5,100 crore through the fresh issue. In addition, there would be an offer-for-sale (OFS). However, the OFS amount has not been specified in the draft papers.

Apollo Global Management Inc. is leading a group of investors aiming to buy a roughly $10 billion stake in Saudi Aramco’s oil pipelines. The buyout firm’s consortium will include US and Chinese investors and has been shortlisted to make a final offer. Aramco has narrowed the pool of bidders and Canada’s Brookfield Asset Management Inc. and BlackRock Inc. are no longer involved.