Investors rush into India’s National Stock Exchange IPO at valuation multiple above Nasdaq

Investors rush into India’s National Stock Exchange IPO at valuation multiple above Nasdaq

The $2.3 billion initial public offer of shares in India’s National Stock Exchange has received a frenzied response from investors, drawing bids worth more than $10 billion despite its hefty price-to-earnings multiple, which values it above several U.S. stock exchange businesses such as Nasdaq. Driven by strong demand from institutional and high-net-worth buyers, the NSE…

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Why the AI gold rush may be smaller than Eskom hopes

Why the AI gold rush may be smaller than Eskom hopes

Teraco’s CT2 data centre in Cape Town Eskom is courting the world’s largest technology companies as buyers for a power surplus it cannot otherwise shift, chairman Mteto Nyati told the Financial Times on Wednesday. But South Africa’s biggest data centre operator says the industry’s problem is not a shortage of generation. Nyati said Eskom was…

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