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Markets likely to open with positive bias despite mixed global cues March 09, 2021 × Stocks likely to witness action are: BPCL, Max Financial, PSP Projects Dhunseri Ventures, Mindspace Business Parks, Lemon Tree Hotels, and CMI. Benchmark indices are expected to open with a positive bias on Tuesday, as the SGX Nifty is currently ruling 100 points higher at 15,080, as against Monday s Nifty futures closing price of 14,977 on the NSE. However, Asian markets in early trade on Tuesday were mixed with Japan s Nikkei and Australian stocks were moderately up while Chinese, Korea and Taiwan stocks slipped. The overnight closing of US stocks too, presents a mixed clue with Nasdaq plunging over 2.4 per cent and S&P 500 by 0.5 per cent even as the Dow Jones Industrial Average edged up almost one per cent. ....
Gigaplex Estate (Gigaplex), one of the special purpose vehicles (SPV) of Mindspace REIT, has entered into an agreement to sub-lease with a leading data center operator to sub-lease approximately 0.63 million sq. ft. at Mindspace, Airoli West, Mumbai (Agreement). With increased internet usage, growing demand for data storage and anticipated data localisation norms Mumbai stands to benefit due to its geographical and infrastructural advantage. Government s focus on Digital India and the ongoing Covid-19 pandemic have further catalysed the process of digitization. To effect this, Gigaplex, pursuant to the approval of the Company s Board of Directors and the Manager s Governing Board, has amended the memorandum of understanding dated 16 December 2019, (MoU) entered into with K Raheja Corp (KRCPL), for proposed transfer of leasehold land admeasuring approximately 16.4 acres to KRCPL at Mindspace Airoli West, Mumbai, (Specified Land) in the manner set out in the MoU. ....