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The NSE expanded its colocation facility in Mumbai, adding over 200 racks and planning to reach 1,500 racks by FY25. It aims to scale capacity to 4,000 racks within two years, enhancing ultra-low latency trading infrastructure for market participants.
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News and Media
Apple reportedly fired some Indian-origin employees for alleged misuse of the company's matching grants scheme. Some US-based employees, in collusion with organizations linked to the Indian community, supposedly created falsified donation records. TANA is under scrutiny by the FBI and has received a subpoena. The FBI-IRS-DOJ is investigating potential CSR matching grant misuse.
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News and Media
The China plus one strategy encourages diversification of suppliers due to geopolitical risks, which benefits Indian companies across various sectors. In pharma, both traditional and CDMO segments show opportunities. The industrial sector grows more attractive as interest rates drop and currency stabilizes. The strategy also provides a competitive edge to Indian exporters facing Chinese competition.
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News and Media
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