NTT Ltd launches 2nd hyperscale data centre campus in India

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Mumbai, May 5 | Global technology services company NTT Ltd on Thursday launched its second hyperscale data centre campus in India, as part of its $2 billion investment plan for scaling infrastructure capacity in the country.

Spread across 400,000 square feet in Mahape, Navi Mumbai, the NAV1 campus is planned with the capacity for up to 4 data centres, reaching up to 150 MW of facility load.

The launch comes close on the heels of a new data centre going live at the company’s Chandivali campus.

The company said that it now has a data centre footprint in the country to 12 facilities, offering more than 2.5 million sq feet and 220 MW of facility power.

“India is one of the fastest growing data centre markets in the world. NTT has invested $2 billion to ensure access to world-class, end-to-end infrastructure for India’s digital-first economy and this launch in Navi Mumbai is another step in that direction,” said Masaaki Moribayashi, President and Board Director for NTT Ltd.

NTT is one of the world’s largest data centre operators, with over 1,300 MW of data centre capacity, including a large development pipeline of a 25 per cent increase in capacity across more than 20 countries and regions globally.

“NTT is committed to building the connected future, delivering edge-to-cloud ICT solutions across hosted infrastructure, network, security, collaboration and managed services,” said Sharad Sanghi, Managing Director, NTT Ltd. in India.

The company has also built a solar power plant in Solapur, Maharashtra and a wind and solar energy plant in Karnataka.

Source: IANS

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Share Market Closing Bell: Market ends the week in green, Sensex surges 1,534 pts and Nifty sinks below 15,850

Share Market Closing Bell: Market ends the week in green, Sensex surges 1,534 pts and Nifty sinks below 15,850

The NIFTY 50 recouped the previous day’s losses and ended at 2.89 percent higher on strong global cues after China cut key lending rates. Nifty continued its upside rally throughout the day as it ended at 16266.15 levels. Bank nifty closed the session at 34276.40 level with a gain of 960 points. VIX closed at 23.10 down by 5.94%.

48 stocks out of NIFTY 50 closed in green which suggest broad based buying. All the sectoral indices are trading higher with metal, pharma, PSU bank and realty indices up 2-3 percent each. Stocks like DRREDDY, JSWSTEEL, NESTLEIND, TATAMOTORS & TATASTEEL were the top gainers, While SHREECEM & UPL were only two losers. The Nifty has formed Open Bullish Marabozu on a daily time frame which indicates upside momentum for an upcoming session.

Moreover, Nifty has been trading in a range of 15750-16410 levels throughout the week, crossing either side can direct further direction. In addition, Nifty has given a closing above 9-Day Moving Average which indicates a bounceback from lower levels can be seen.

However, the momentum indicators MACD & Stochastic were trading witha positive crossover & reversed from oversold zone on an hourly chart which suggest a northward journey in Nifty. The Nifty may find Strong support around16000 levels, while on the upside 16410 may act as an immediate hurdle. On the other hand, Bank nifty has support at 33200 levels while resistance at 34800levels.

Palak Kothari
Research Associate
Choice Broking

Source: Choice India

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