Latest news with #Saraf
Mint
12 hours ago
- Business
- Mint
Mumbai at 6th place among 97 cities globally in under-construction data centre capacity: report
New Delhi, Jun 3 (PTI) Mumbai ranks 6th among 97 cities globally in data centre capacities under construction, according to Cushman & Wakefield. Virginia is in first position with 1,834 MW data centre capacity under construction, followed by Atlanta (1,078 MW), Columbus (546 MW), Dallas (500 MW) and Phoenix (478 MW). Mumbai ranks 6th globally in under-construction data centre capacity. "At the end of 2024, the city had 335 MW of data centre capacity under construction, which, once completed, will expand its operational capacity by 62 per cent," real estate consultant Cushman & Wakefield (C&W) said. Austin/San Antonio ranks 7th (325MW), Reno 8th (305MW), London 9th (265MW) and Dublin (249 MW), according to C&W's latest 'Global Data Center Market Comparison' report 2025. The report, covering 97 global markets, attributes this growth to surging demand fuelled by the expansion of cloud computing and AI workloads. Key factors shaping data centre development include power availability, land access, and supporting infrastructure. "Mumbai leads the APAC region with 335 MW of data centre capacity under construction and ranks among the top 10 global markets by this metric. Once completed, this will expand the city's operational market size by 62 per cent," Gautam Saraf, Executive Managing Director - Mumbai & New Business, India at Cushman & Wakefield, said. He noted that several factors are driving this momentum - a strong digital backbone, a reliable power supply, and sustained demand from hyperscalers. "As India's financial capital and economic hub, Mumbai already accounts for over half of the country's data centre capacity and continues to attract major global operators," Saraf said. Key enablers include 12 cable landing stations, the recent MIST cable landing, and a robust pipeline of upcoming infrastructure, he said. "While challenges around land availability and power persist in certain locations, the city's long-term fundamentals remain highly compelling for sustained growth," Saraf said.
Time of India
5 days ago
- Business
- Time of India
D-St Bull Run Fires up Blockbuster Deals of Promoters, Shareholders
The stock market rebound in the past few months has prompted dominant shareholders and promoters of companies to trim their stakes. So far this month, they have sold shares worth over ₹50,000 crore through bulk and block deals on the bourses after a lull, continuing from where they left off before October, when the stock market was in the midst of a bull run. According to exchange data, prominent shareholders and promoters divested stakes in ITC, Bharti Airtel, InterGlobe Aviation (IndiGo), PNB Housing and One 97 Communications (Paytm) this month, along with Kfin Technologies, KPR Mill and PG Electroplast. The divestments ranged from ₹1,133 crore to ₹12,941 crore since May 1. 'A significant amount of domestic liquidity had been waiting on the sidelines for market stability,' said Ajay Saraf, ED and head of investment banking at ICICI Securities. 'With foreign funds turning positive on India's secondary market and key overhangs like geopolitical tensions and tariff concerns easing, the deal market has roared back to life.' This momentum is expected to continue as long as the current positive sentiment holds and no major crisis disrupts the environment, said Saraf. Among the largest deals, British American Tobacco sold 2.5% of its stake in ITC, worth ₹12,941 crore while Singtel affiliate Pastel Ltd sold Bharti Airtel shares worth ₹12,880 crore. BAT is the largest shareholder in ITC, while Singtel is part of the promoter group of Bharti. InterGlobe Aviation promoter Rakesh Gangwal and his family trust sold a 5.72% stake for about ₹11,564 crore. Private equity firm Carlyle's subsidiary, Quality Investment Holdings, offloaded its entire stake of 10.4% in PNB Housing Finance worth ₹2,713 crore. Ant Financial, the fintech subsidiary of Alibaba Group, sold shares of One 97 Communications worth ₹2,104 crore through open-market transactions. Kfin Technologies promoter General Atlantic Singapore Fund Pte sold shares worth ₹1,790 crore. 'The resurgence in Indian equity capital market deals is being driven by a confluence of positive factors — stabilising geopolitical tensions, easing trade uncertainties, encouraging full-year corporate earnings, improving high-frequency macro indicators, renewed FII interest, and sustained retail inflows into domestic mutual funds,' said Ranvir Davda, co-head of investment banking at HSBC India. 'We believe that IPOs, blocks, and follow-on activity in the second half of calendar year 2025 will be significantly higher compared to the first half, with multiple companies having already received Sebi approval and several other listed companies having announced plans for fund-raising.' The selling in the secondary market was not limited to large caps and extended to small and midcap companies such as PG Electroplast and KPR Mill, in which promoters reduced stakes by selling shares worth ₹1,132 crore and ₹1,232 crore, respectively. So far in May, the Nifty 50 has gained 2.05% while the Nifty Midcap 150 has risen 6.5% and the Smallcap 250 has advanced 9.2%. 'FY24 saw an all-time high in promoter exits, which was also on the back of a bullish market,' said Pranav Haldea, MD, Prime Database Group. 'While promoter buying is always a good sign, reasons for exit can vary and range from cashing out due to good valuation, setting up other businesses, debt reduction and personal reasons.' While policy announcements from the US remain unpredictable, the momentum in open-market transactions looks likely to continue, he said.
Hans India
21-05-2025
- Business
- Hans India
Indian mkts to see steady rise in FY26
Mumbai: India's capital markets are projected to grow steadily in FY26, supported by expected GDP growth of 6.2–6.5 per cent and strong domestic demand, according to a new report released on Tuesday. The Nifty 50 is anticipated to deliver 12-15 per cent returns, with EPS estimates around Rs 1,160. While, foreign portfolio investors (FPI) have shown renewed confidence, injecting over $4 billion in recent sessions, according to smallcase managers. Global trade tensions, US tariffs, geopolitical uncertainty remains a key risk for Indian capital market. However, they expect equities to outperform other asset classes in FY26, supported by favourable valuations and a strong growth outlook. 'As of May 18, a total of 878 companies have reported their earnings, with a 10 per cent year-on-year growth in Q4 FY25,' said Shailesh Saraf, smallcase Manager and Founder, Value Stocks. Despite a modest 5.79 per cent year-on-year growth for FY25 — significantly lower than the 35.1 per cent growth recorded in FY24, the market sentiment has improved, reflected in FII net inflows of Rs 16,757 crore in FY26 so far, alongside an 8 per cent return from the Nifty 50 and a 10 per cent gain in the Smallcap 100 index, Saraf mentioned. The market has bounced back significantly over the past two months, fully reversing its year-to-date decline. The smallcase managers believe that with inflation below 4 per cent, the real interest rate has turned significantly positive, strengthening the case for policy easing.
Economic Times
20-05-2025
- Business
- Economic Times
Equities seen outperforming in FY26 with 12–15% returns: Check key triggers, risks & strategy
Equities may outshine other assets in FY26, with Nifty expected to return 12–15%, supported by 6.2–6.5% GDP growth, strong domestic demand, stable inflation, and returning FII flows, despite global trade and geopolitical uncertainties. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Equities are expected to outperform other asset classes in FY26 notwithstanding global trade tensions, US tariffs and geopolitical uncertainties, with Nifty delivering 12%-15% returns. The rise will be anchored by strong domestic demand and a healthy 6.2–6.5% GDP growth, say Saraf, smallcase manager & founder at Value Stocks, sees improvement in market sentiments with foreign institutional investors (FIIs) getting back to their ways. "The market sentiment has improved, reflected in FII net inflows of Rs 16,757 crore in FY26 so far, alongside an 8% return from the Nifty 50 and a 10% gain in the Smallcap 100 index," he Arya, another smallcase Manager and Founder of GoalFi, lists stable government and potential earnings rebound as key triggers for domestic stock markets while taking a cautiously optimistic outlook for FY26. "We believe this year will be of consolidation with earnings improvement in companies and theme-based investing will be prevalent,' Arya earnings season is at its final leg, Lotusdew Co-Founder Prachi Deuskar claims that India's domestic demand recovery gained momentum in Q4FY25, driven by strong rural consumption, favourable crop yields, and supportive government initiatives. According to her, corporate margins improved, aided by declining input costs in metals, energy, and chemicals, as well as a sharper focus on operational on May 18, 2025, a total of 878 companies have reported their earnings as of with a 10% YoY growth in Q4FY25, Saraf informed. "In FY25, the index has risen by 6% YoY growth, significantly lower than the 35.1% growth recorded in FY24," he expects corporate earnings to continue to show resilience particularly in the banking, auto, and infrastructure remains largely under control with the macroeconomic environment remaining policies pose challenges to the domestic economy, says a smallcase press release, adding that US tariff risks (26%), could affect 12–15% of India's $450B exports.A weak INR has raised import costs, and urban consumption is showing signs of a broad-based Read: Moody's US downgrade, a fresh jolt for IT stocks after stellar 30% rally – buy or avoid? For investors with a longer horizon and a stronger risk appetite, increasing allocation to high-quality smallcaps can pay off as markets continue to climb, Deuskar recommends.
Time of India
20-05-2025
- Business
- Time of India
Equities seen outperforming in FY26 with 12–15% returns: Check key triggers, risks & strategy
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Equities are expected to outperform other asset classes in FY26 notwithstanding global trade tensions, US tariffs and geopolitical uncertainties, with Nifty delivering 12%-15% returns. The rise will be anchored by strong domestic demand and a healthy 6.2–6.5% GDP growth, say Saraf, smallcase manager & founder at Value Stocks, sees improvement in market sentiments with foreign institutional investors (FIIs) getting back to their ways. "The market sentiment has improved, reflected in FII net inflows of Rs 16,757 crore in FY26 so far, alongside an 8% return from the Nifty 50 and a 10% gain in the Smallcap 100 index," he Arya, another smallcase Manager and Founder of GoalFi, lists stable government and potential earnings rebound as key triggers for domestic stock markets while taking a cautiously optimistic outlook for FY26. "We believe this year will be of consolidation with earnings improvement in companies and theme-based investing will be prevalent,' Arya earnings season is at its final leg, Lotusdew Co-Founder Prachi Deuskar claims that India's domestic demand recovery gained momentum in Q4FY25, driven by strong rural consumption, favourable crop yields, and supportive government initiatives. According to her, corporate margins improved, aided by declining input costs in metals, energy, and chemicals, as well as a sharper focus on operational on May 18, 2025, a total of 878 companies have reported their earnings as of with a 10% YoY growth in Q4FY25, Saraf informed. "In FY25, the index has risen by 6% YoY growth, significantly lower than the 35.1% growth recorded in FY24," he expects corporate earnings to continue to show resilience particularly in the banking, auto, and infrastructure remains largely under control with the macroeconomic environment remaining policies pose challenges to the domestic economy, says a smallcase press release, adding that US tariff risks (26%), could affect 12–15% of India's $450B exports.A weak INR has raised import costs, and urban consumption is showing signs of a broad-based Read: Moody's US downgrade, a fresh jolt for IT stocks after stellar 30% rally – buy or avoid? For investors with a longer horizon and a stronger risk appetite, increasing allocation to high-quality smallcaps can pay off as markets continue to climb, Deuskar recommends.
