Page 6 - Indian Market

India is politically stable, our investment growing faster here: NTT CEO

India is a highly skilled and politically stable market that is giving high return on investments for data centre business, a senior official of NTT Global Data Centers and Submarine Cable company said on Thursday. The company announced the setting up of a new data centre campus in Noida with a total planned capacity of 52.8 megawatt critical IT load. NTT Global Data Centres and Submarine Cable CEO and President, Doug Adams, said Europe is the biggest market for the company, followed by the US, and Asia. However, he said the company's growth in India in the past two years was faster than in other markets. In the last two years, the company has added 44 MW of data centre capacity in Europe and 268 MW in India. "This shows that we are growing faster in India than other markets. It is a high return on investments. We have very strong growth and this is a politically very stable market that we are committed to growing," Adams said. The Noida data centre, spread across 300,000 sq ft,

Expected returns

Sustained govt capex will be crucial for some stocks

Banks bid 3.2 times against notified amount of Rs 50,000 cr at VRR auction

Market participants speculate that this might be the last VRR auction conducted by the central bank as the liquidity condition is expected to improve in a few days due to government spending

Diageo India focuses on value over volumes business, says CIO Damodaran

Vikram Damodaran, Chief Innovation Officer (CIO), Diageo India, talks about the company's growth strategy and expansion plans, in an interview with Ayushman Baruah and Aneeka Chatterjee in Bengaluru

Auto sector to take a V-turn in FY25 on election winds, new models

Luxury car segment will continue to rise its EV penetration. However, the tipping point is still a few years away. Customers require convincing on ownership benefits and hassle-free experience

We have developed an 80% biodegradable tyre: JK Tyre CMD Singhania

Average selling price of tyres will 'slightly move up', he says in interview about where industry is headed

India's foreign reserves jump to a five-month high of $607 billion

The total reserves rose due to the increase in foreign currency assets, which rose by $3 billion in the week

India's light vehicle market fastest growing among top 10 markets: S&P

Auto sales in India reached a record high of 3.8 million units in the FY23, surpassing the pre-Covid peak of 3.3 million units seen in FY19

Growth gains, dividend yield along with stable taxation to boost ITC stock

Non-cigarette segments have delivered annual revenue growth of 14% and net profit growth of 20% over FY18-23

Omidyar Network decides to exit Indian market after a decade of operations

'Omidyar Network India will stop making new investments and will completely transition out of the market by the end of 2024,' said the company in a blog post

Consumer durables see single-digit growth as penetration remains low

CEAMA has been pushing to have the government lower the GST charge on products to help give the sector a boost

India moves to elite club of nations as mcap tops $4 trn for first time

Stocks outside the top 100 universe have made a significant contribution to the mcap growth this year

'Indian real estate most preferred in Asia-Pacific for global investors'

Colliers data also shows institutional investment in real estate soared 27 per cent year-on-year in the first nine months of 2023

Smaller Indian companies propel mcap towards $4 trillion milestone

India's strong earnings, macroeconomic stability, and domestic flows make it a standout market, say analysts

Sowing of rabi crops in Rajasthan falls short of target this year

The biggest reduction is in wheat sowing. So far, traders said only a little more than 36 per cent of the wheat area had been planted

Why Karwa Chauth is the new marketing tentpole

In our evolving cultural landscapes, Karwa Chauth presents a unique opportunity for marketers to unlock the potential of traditional festivals

India among top 10 markets for us, not in top 5 yet, says Sennheiser

"Given the strategic targets of India's growth, gross domestic product, and other numbers, I think this is a very safe bet to be investing in India now on the ground with our company"

Buoyed by tariff removal, US walnut industry aims to crack India's market

India's decision to remove retaliatory customs tariffs on some US products, including walnuts, has cheered up the California walnut industry, which is hopeful that the move will help it increase its exports to India and further firm up trade ties between the two strategic allies. Two days ahead of US President Joe Biden's visit to New Delhi to attend the G20 Summit on September 9-10, India dropped the retaliatory customs duties on about half a dozen US goods which were imposed in 2019 after America hiked its tariffs on certain steel and aluminium products coming from India. Welcoming India's decision, Pamela Graviet, Senior Director, Global Programmes, California Walnut Commission and Board, said it is a "positive step" that will improve bilateral trade relations. "Recently, the Indian government and the United States have been in discussions about mutually beneficial things, not just agriculture, but also across a wide variety of subjects. And, it was determined to remove a 20 per

India may become Zoho's 2nd-largest mkt in 2-3 years: Sridhar Vembu

Most of our products are now integrated with ChatGPT. We are rolling out integrations every week, he says

India Inc raises 4.6 times more capital via QIP in H1FY24, shows data

Equity issuance in the first half reached Rs 73,747 crore, marking a 69 per cent increase year-on-year