Sunday, October 25
Mumbai: The aggregate year-on-year revenue growth of the Nifty 50 companies for the December quarter is expected to remain in single digits for the seventh quarter in a row. On the other hand, after growing in single digits in the previous two quarters, net profit may grow in double digits helped by select companies in the banking, capital goods, finance, healthcare, and pharma sectors. According to the ETIG quarterly estimates, the sample's revenue and net profit may grow by 5.7% and 13.2%, respectively. In the previous quarter, revenue and profit had grown by 5.6% and 6.7%, respectively."Overall, a recovery in top line and profits seem very gradual, a potentially disappointing consensus. This poses risks to mid-teens earnings growth forecasts for H2FY25 and FY26," said Devarsh Vakil, ret
The National Stock Exchange of India (NSE) on Wednesday announced the launch of phases 11 and 12 of its colocation facility expansion in Mumbai, introducing over 200 full rack equivalent (FRE) units to its data center capacity. The expansion brings the total colocation capacity at NSE to more than 1,200 racks, reinforcing its position as one of the largest colocation providers in the world, the stock exchange said.The colocation facility enables trading members to place their servers at the exchange's premises, ensuring ultra-low latency access to trading data and price feeds — a critical advantage in today’s technology-driven financial marketsThe expansion follows strong demand from market participants for enhanced colocation infrastructure, NSE said. Currently, over 200 members subsc
