The National Stock Exchange (NSE) plans to expand its colocation data centre at its headquarter in Mumbai for trading members with an almost three-fold increase in number of racks to over 4,000 within the next three years, sources said on Wednesday.
The expansion will be carried out at the NSE’s existing building at Exchange Plaza, Bandra Kurla.
The decision is based on member feedback and aimed at enhancing ease of operations and increasing the availability of racks for trading members.
Currently, NSE offers 1,400 racks to members, and the planned expansion will boost this capacity to over 4,000 racks within the next three years.
Further expansions will be made available as per additional requirements, they added.
Co-location facility allows stock brokers to place their servers at a stock exchange in consideration of a fee, giving them access to price data a fraction of second before other participants.
NSE, which is the largest stock exchange globally in terms of orders and tra
Posts in category Business Standard
NSE plans to triple colocation rack capacity to 4,000 at Mumbai HQ in 3 yrs (25-09-2024)
India’s top bourse is said to have doubled in value amid IPO hopes (25-09-2024)
While one of the people said NSE is working toward completing documentation for an IPO by early next year, the potential listing could still take longer
Sebi sets up foreign portfolio investors outreach cell for assistance (25-09-2024)
The cell is tasked with providing guidance at the pre-application stage, including documentation and compliance processes, and offering support during the onboarding phase by resolving any operational
TVS Holdings receives CCI approval for proposed acquisition of 80.74% stake in Home Credit India Finance (25-09-2024)
Powered by Capital Market – Live News
M&B Engineering files draft papers with Sebi for Rs 653 crore IPO (25-09-2024)
M&B Engineering Ltd on Wednesday filed draft papers with capital markets regulator Sebi to mobilise Rs 653 crore through an initial public offering (IPO).
The proposed IPO is a mix of fresh issue of equity shares worth Rs 325 crore and an offer for sale (OFS) of Rs 328 crore by promoters, according to the draft red herring prospectus (DRHP).
At present, promoters hold 100 per cent stake in the company.
Proceeds from the fresh issue to the extent of Rs 63.9 crore will be used for purchasing equipment and machinery for the company’s manufacturing facilities, Rs 60 crore for payment of debt, Rs 110 crore to meet the company’s working capital requirements and the remaining funds will be allocated towards general corporate purposes.
The Gujarat-based company’s total borrowings stood at Rs 204.84 crore as of March 2024, the draft papers showed.
M&B Engineering is one of the country’s leading Pre-Engineered Buildings (PEB) and Self-Supported Roofing providers in terms of installed …
Bourses call for better checks by merchant bankers on IPO-bound SMEs (25-09-2024)
Over 80 merchant bankers apprised about discrepancies, lack of background checks
Coromandel International acquire additional stake in BMCC, Senegal (25-09-2024)
Coromandel International announced acquisition of additional equity stake in Baobab Mining and Chemicals Corporation (BMCC), Senegal, through its wholly owned subsidiary Coromandel Chemicals. Coromandel will acquire an additional 8.82% equity stake in BMCC, taking its overall shareholding to 53.8%.
Bank of India raises Rs 2,500 cr Tier II Bonds (25-09-2024)
Bank received total Bid of Rs 6,046 crore in overwhelming response from Investors and the issue was oversubscribed by 6.05 times against the base issue size. Further, Bank has decided to accept bids of Rs 2,500 crore at coupon rate of 7.49%.
Cipla to acquire JV partners’ 6.91% in Cipla Jiangsu (25-09-2024)
Cipla Jiangsu was incorporated in China on 8th August 2019 as a joint venture between Cipla (EU) and Jiangsu XiDi Pharmaceuticals Co. (Xidi), for the purpose of manufacturing, selling and distribution of pharmaceutical products, research and development services and analytical development services. Cipla Jiangsu has set-up a manufacturing facility in China, primarily focused on inhalation respules products. Currently, Cipla EU and Xidi holds 93.0876% and 6.9124% equity interest respectively in Cipla Jiangsu.
Nifty 50 ends above 26,000, Sensex settles over 85,000 in ongoing rally (25-09-2024)
Despite a weak start, the indices managed to gain momentum throughout the day, reaching a new all-time high