The Indian rupee recovered from its all-time low levels and appreciated 4 paise to close at 84.06 (provisional) against the US dollar on Monday supported by strong domestic equity markets. Indian shares rose notably on Monday after major U.S. indexes reached record closing highs on Friday, buoyed by strong earnings results from the likes of JPMorgan Chase and Wells Fargo, and a benign producer price inflation reading. A sharp drop in oil prices also boosted sentiment after China reported disappointing inflation and trade balance figures and made a stimulus announcement over the weekend that failed to inspire confidence among investors. The benchmark 30-share BSE Sensex surged 591.69 points, or 0.73 percent, to 81,973.05 while the broader NSE Nifty index ended up 163.70 points, or 0.66 percent, at 25,127.95. However, rupee was weighed down by the strong US dollar and elevated crude oil prices.
Anant Raj Limited (14-10-2024)
My visit on 13th October, Sunday –
Even though, it is clearly mentioned on Google that the tech park remains closed on Sunday which is quite obv. but still I decided to visit them on a Sunday because the data centers are supposed to be running 24/7.
Well guess what, the whole tech park was empty, only 2-3 security guards were there at the main gate and not even a single employee because of Sunday holiday and the day before was also a holiday because of Dusshera. The suspicion was right that there are no employees working in the data center right now. They told me that work at the data center is still going on and is not yet completed.
Now a few questions arise –
- Is the company reporting false rentals from its data center because there are no employees operating it?
No, whatever capacity they’re claiming is operational and running in the data center in automated mode.
- How is the data center operational without emplyees?
There is no requirement of employees YET, because the operational capacity is very small and does not require 24/7 monitoring and maintenance.
- When are they planning to hire the employees to monitor and maintain the data center?
They’ve already started the hiring process, everyone can check that on LinkedIn.
Furthermore, there was one more guy (not a guard) in a uniform who told me that more capacity would be operational from 1st November. He also mentioned the entire facility inside is secured by 15 guards, and asked me to visit them the next day (today) and he’ll get me in contact with the senior employees there.
Now, I’m contemplating whether to visit them this week again or the next month when more capacity would be operational as it takes quite a lot of travel for me. It would be really great if someone living near Gurgaon side could make a visit and share it with us.
Important note – I found this guy, running his own Equity firm, claim that he has visited Anant Raj data center. I tried to contact him but there was no response from his side, if anyone with contacts can reach out to him then please do.
Just sharing the exterior snapshots of the infrastrusture until my next visit.
‘No place in country has as much drugs as in MP,’ says Congress chief Jitu Patwari after 112 kg of narcotics seized (14-10-2024)
Madhya Pradesh Congress Chief Jitu Patwari criticized the BJP government, claiming the state has the highest drug issues. The DRI operation seized significant amounts of illegal Mephedrone. He also called for CM Mohan Yadav to resign from the home minister post, citing rising crimes, including a molestation victim being set on fire in Khandwa.
Krystal Integrated gains after bagging multiple orders worth Rs 80-cr (14-10-2024)
Krystal Integrated Services rallied 2.24% to Rs 753.60 after the company received multiple orders from Directorate of Medical Education and Research, Maharashtra, aggregating to Rs 80 crore.
Bondada Engineering bags solar power project of Rs 390.25 cr from MAHAGENCO (14-10-2024)
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Stock market update: Power stocks down as market rises (14-10-2024)
The 30-share BSE Sensex closed up 591.69 points at 81973.05
Easy Trip Planners board approves issuance of bonus shares in 1:1 ratio (14-10-2024)
Travel tech platform Easy Trip Planners Ltd on Monday said its board has approved issuance of bonus shares.
The board of directors at its meeting held on Monday approved the issuance of bonus shares in the ratio of one bonus equity share for every one fully paid-up equity share, Easy Trip Planners, which operates under the brand EaseMyTrip, said in a regulatory filing.
The bonus shares will be issued from the company’s available reserves as of March 31, 2024, it added.
“This move highlights EaseMyTrip’s commitment to rewarding shareholders, following two successful bonus issuances in 2022,” the company said.
EaseMyTrip CEO and Co-Founder Nishant Pitti said, “This bonus issuance reflects our gratitude to shareholders and underscores our confidence in the company’s strong financial health. As we expand, it’s important to continue sharing our success with those who have supported us throughout.”
The total number of shares to be issued are 177.2 crore at a face value of Re 1 each. The
HCC – Infra giant with massive turnaround story! (14-10-2024)
An order win at long last. I had almost given up on them ever announcing one! 
Hopefully, they win 1-2 more soon enough.