STT GDC India, in which Tata Communications holds a minority stake, has 28 data centres across 10 cities, with a combined capacity of more than 318 megawatt of IT load. It has about 1,000 enterprise customers.
Silver prices surged Rs 1,200 to Rs 85,800 per kilogram, while gold rose Rs 100 to Rs 74,200 per 10 grams in the national capital on Friday, according to the All India Sarafa Association. In the previous session, the precious metal of 99.9 per cent purity had ended at Rs 74,100 per 10 gram.
Indian government bond yields closed nearly unchanged on Friday, steady for the third consecutive week with the benchmark anchored around 6.85%, as market attention shifts to U.S. economic data expected to influence potential rate cuts.
Hamish Maxwell, currently Senior Vice President of Flight Operations at Vistara, is set to become the Chief Operations Officer (COO) of the merged AIX, following the integration of Air India Express and AIX Connect (formerly AirAsia India). Maxwell, who has previously worked with Singapore Airlines and played a key role in Vistara's growth, will lead AIX through its next phase of growth and transformation.
Short covering occurs when traders repurchase shares they had previously sold short, typically in response to changes in market sentiment or new information. This action generally leads to a reduction in open interest and can push the stock price higher. On Friday, five stocks experienced such short covering.
This week, startups raised funding through 12 rounds compared to 29 in the year-ago period, when they raised a total of $145 million, according to data from Tracxn.
Vinesh Phogat's journey has been a tale of determination both on and off the wrestling mat.
NLC India Ltd plans to start mining the Machhakata coal block in Odisha ahead of schedule. With reserves of 1.4 billion tonnes and a capacity of 30 MTPA, it is set to be one of India's largest mines. This aligns with NLCIL's goal to exceed 100 MTPA by 2030.
PDP president Mehbooba Mufti criticized the BJP for reducing the Kashmir issue to merely conducting Assembly polls. She emphasized that limiting the issue to statehood is an injustice. Mufti also commented on the pre-poll alliance between the National Conference and Congress, calling it a seat-sharing arrangement for power rather than principles.
Max Financial Services on Friday said its promoter group firm has sold a 3.19 per cent stake to repay their debt. Max Ventures Investment Holdings Pvt Ltd, a promoter company of Max Financial Services Ltd, sold 1.10 crore equity shares or 3.19 per cent in Max Financial Services on September 5.
Rouse Avenue Court on Friday extended ED custody of AAP MLA Amanatullah Khan for three days in Delhi Waqf Board Money laundering case.
The NSE Nifty index closed 292.95 points down at 24852.15
German industry faces a crisis as Volkswagen threatens to close factories, challenging the nation's consensual industrial relations model. High labor and energy costs, along with competition from Asian rivals, are pressuring legacy carmakers like VW. Negotiations between management and unions are set to begin next week to find solutions.
Uttar Pradesh Chief Minister Yogi Adityanath inaugurated and laid the foundation stones for five development projects worth Rs 635 crore in Sonbarsa. He emphasised the importance of development and security for a prosperous future and announced interest-free loans for youth entrepreneurs. He also highlighted efforts to improve infrastructure and security in the region.
The 30-share BSE Sensex closed down 1017.23 points at 81183.93
Volkswagen plans to end its job security programme, in place since 1994, due to competition from Asian rivals. This move could impact several German factories, including those in Osnabrueck and Dresden. The programme had previously prevented job cuts until 2029, affecting thousands of workers across various plants.
ASML said in a statement that it did not expect the change in oversight to impact earnings this year or in the future. Shares of the Netherlands-based ASML, Europe's largest technology firm, traded down 1.6% at 708.40 euros at 0915 GMT. "I'm making this decision for our safety," said Dutch Trade Minister Reinette Klever, announcing the update.
The Nifty Bank index closed 1.74 per cent down at 50576.85.
Sun Pharma and Moebius Medical have received fast track designation from the USFDA for their non-opioid therapy MM-II, aimed at treating osteoarthritis knee pain. This designation allows for expedited review and potentially accelerated approval. The companies plan to initiate Phase 3 clinical trials and seek a CE Mark in the European Union.
