RMZ, a privately-owned global alternative asset firm, through its arm RMZ Digital Infrastructure Partners (RDIP), has formed a joint venture with Colt Data Centre Services (Colt DCS), a global hyperscale data centre operator, to enter the digital infrastructure market. The two companies will invest $1.7 billion to expand Colt’s data centre capacity. The initial focus
As many as 74% of corporates expected the government to adopt the SAF-T (standard audit file for tax) system for “near real-time reporting and compliance monitoring” to ensure uniformity with international standards and move towards a more efficient and faster audit process, a survey by Deloitte showed. Also ReadBirla Opus Paints unveils its 4th factory
The Indian markets are shut on account of Assembly Elections in Maharashtra but globally its a positive day of trade. Asian markets have opened higher and US too closed in the green after a volatile session on Tuesday. Investors are looking forward to appointments by US President-elect Donald Trump Meanwhile, oil prices saw a modest
Market participants see a marginal depreciation in rupee as the likely intervention from the Reserve Bank of India (RBI) will keep the sharp volatility in the forex market at bay. According to the median forecast of the FE poll, the rupee is expected to be trading at 84.50 per dollar by December end. On Tuesday
Vinod Tawde in Maharashtra Election 2024: On the eve of Maharashtra’s elections, political tensions flared in Virar when Bahujan Vikas Aghadi (BVA) workers confronted Senior Bharatiya Janata Party (BJP) leader and national general secretary Vinod Tawde on Tuesday over accusations of attempting to bribe voters. The incident occurred at a hotel in Virar, where BVA
Just a day ahead of Maharashtra elections, two incidents have sparked massive political controversy. First, BJP general secretary Vinod Tawde has found himself embroiled in a major scandal involving alleged cash distribution to voters and second, former home minister Anil Deshmukh got seriously injured in a stone-pelting attack while campaigning, an incident his party, the
Jharkhand Exit Polls 2024: Exit poll predictions for the Jharkhand Assembly elections will be unveiled on Wednesday, November 20, following the conclusion of the second and final phase of voting. The results are expected after 6 pm, providing early indicators of which alliance might claim victory in the high-stakes contest. The second phase will cover
Meta on Tuesday said that it disagrees with the Rs 213 crore fine levied on it by the Competition Commission of India for abuse of its dominant position, and will appeal against the order. The penalty pertains to the controversial implementation of WhatsApp’s 2021 privacy policy, which mandated data sharing between WhatsApp and other Meta
EV cab aggregator BluSmart has denied reports of being in discussions or negotiations with Uber regarding a possible acquisition. A spokesperson from BluSmart told CNBC TV18 that reports suggesting such a development are entirely speculative and unfounded. The company spokesperson further maintained that BluSmart remains focused on scaling its operations, expanding its footprint, and driving
Welspun Corp Ltd on Monday announced that it has received a new order worth Rs 2,400 crore (approx) in the US. The order, it added, is for supply of coated pipes for Natural Gas Pipeline Projects in the USA. In a regulatory filing, the company said that the orders will be executed largely during FY26
All eyes are on the market levels this week after the Nifty failed to close above 22,500 last week. Positive global cues are expected to boost sentiment. Market participants have noted that the Nifty 50 needs to jump above the 22,500 mark decisively for an uptrend as this has become a key resistance level while
For stock market investors, few things are as exciting as corporate rewards such as dividends landing in their accounts, extra shares through bonuses, or stock splits making pricey stocks more affordable. And this week, there is a lot happening on that front. Some of the most watched stocks include Indian Railway Finance Corporation (IRFC), Power
The IPO market is back in action. After a relatively quiet spell, the primary market is heating up again with four new public issues set to open for subscription this week. Investors can look forward to one mainboard IPO and three SME IPOs hitting the Street, while two recently concluded issues will make their market
