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NC-1 deal a good one, but B. Riley cuts price target on cloud services outlook

Data center developer WhiteFiber’s (WYFI) first long-term colocation deal at its flagship NC-1 campus with Nscale Global supports management’s execution and its original deployment timeline, investment bank B. Riley said in a report Tuesday. “We believe WYFI’s reaffirmation of its original deployment timeline demonstrates its execution capability and the benefit of the company’s retrofit model,”…

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Tamil Nadu: At least seven killed as govt bus collides with two cars; tyre burst leads to crash | India News

The accident in Cuddalore, Tamil Nadu (Image courtesy: TOI Chennai) NEW DELHI: At least seven people were killed on Wednesday after a government bus swerved and collided with two cars in Tamil Nadu’s Cuddalore, police said. A tyre burst caused the bus to change direction and crash head-on into the cars.“The bus collided with two…

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Logistics IPO: Yatayat Corporation files Sebi papers to raise funds; growth surge puts road freight firm in focus

Logistics and transportation services provider Yatayat Corporation India Ltd has filed draft papers with markets regulator Sebi to raise funds through an initial public offering, as the road freight segment continues to see strong demand, PTI reported.According to the draft red herring prospectus (DRHP), the proposed IPO will comprise a fresh issue of up to…

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‘Bogus attempt at damage control’: Congress slams Centre’s new order on Aravalli; attacks ‘100m+’ hill definition | India News

NEW DELHI: Congress on Wednesday slammed the Centre’s directions to states to impose a ban on granting new mining leases in the Aravalli range, calling it a “bogus attempt at damage control that will not fool anybody”Congress general secretary Jairam Ramesh alleged that despite the fresh directive, “the Aravallis are not being saved, but are…

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EU’s DAC8 takes effect Jan. 1, pulling crypto exchanges into cross-border tax reporting

The European Union’s newest tax transparency law for digital assets takes effect Jan. 1, marking a shift in how crypto activity faces scrutiny across the bloc. Known as DAC8, the directive extends the EU’s long-running framework for administrative cooperation on taxation to crypto assets and related service providers. The rules require crypto-asset service providers, including…

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Pentagon report: China seeks to capitalise on easing LAC tensions; aims to blunt India–US ties | India News

China is likely seeking to leverage the easing of tensions along the Line of Actual Control (LAC) with India to stabilise strained bilateral ties and, more strategically, to prevent a further deepening of New Delhi’s partnership with Washington, according to a new report by the US Department of War.In itsannual report to Congress, “Military and…

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Rail funding: IRFC extends Rs 9,821 crore loan to DFCCIL; World Bank debt refinanced in rupee terms

Indian Railway Finance Corporation (IRFC) has provided a Rs 9,821 crore loan to the Dedicated Freight Corridor Corporation of India Ltd (DFCCIL) to refinance its foreign currency debt taken from the World Bank for the Eastern Dedicated Freight Corridor project, PTI reported.The rupee-denominated term loan agreement was signed between Rahul Kapoor, Director (Finance), DFCCIL, and…

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Filecoin (FIL) drops 2% as crypto markets weaken

Filecoin FIL$1.2771 slipped 2% to $1.28 during Tuesday’s session, tracking broader crypto market flows rather than responding to token-specific catalysts. The token’s price action remains closely tied to the crypto market sentiment, according to CoinDesk Research’s technical analysis model. This tight correlation indicates large order flows are driving the price moves rather than fundamentals for…

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