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Microsoft-Telangana govt in talks to set up Rs 15,000 cr data centre

Microsoft-Telangana govt in talks to set up Rs 15,000 cr data centre Microsoft s plan to set up the data centre comes close on the heels of Brookfield Infrastructure planning to establish a joint venture to develop such facilities in India under the brand name BAM Digital Realty Microsoft has zeroed in on a patch of land near Hyderabad for the building the data centre BusinessToday.In Updated Jul 21, 2021, 9:18 AM IST Microsoft is in the final leg of talks with the Telangana government to set up a data centre in the state with an overall investment of Rs 15,000 crore. The US tech giant has zeroed in on a patch of land near Hyderabad for building the facility.

Advisory firm urges shareholders to support Brookfield s bid for Inter Pipeline

Toronto-based Brookfield Infrastructure is Inter Pipeline s largest shareholder with a 9.75 per cent stake. It launched its bid for Inter Pipeline in February. Inter Pipeline has resisted the bid, instead signing a friendly all-stock deal to be bought by Pembina Pipeline Corp. That deal would see shareholders receive half a Pembina share for each Inter Pipeline share they hold. ISS says the all-stock deal proposed by Pembina presents opportunity for shareholders, but Brookfield s all-cash option comes with greater financing certainty and less regulatory risk. Brookfield has extended its offer for Inter Pipeline to Aug. 6. Shareholders will vote on the proposed Pembina transaction on Thursday, July 29.

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