Data Centre

Nvidia-backed Firmus scraps $5 bn Australia IPO amid growing AI scrutiny

Nvidia-backed Firmus has scrapped its planned $5 billion Australian IPO amid investor concerns over its valuation, debt burden and ambitious AI data centre expansion plans.

Nokia pivots to Nvidia-backed AI radio access networks for India

Nokia plans to bring Nvidia-backed AI-RAN technology to India, with commercial deployments potentially beginning by 2028 as 5G data use and hyperscaler demand rise.

ReNew signs MoU with Maharashtra for ₹70,000 crore green data centre park

The proposed 750 MW integrated green data centre park will be developed across locations in the Mumbai Metropolitan Region, with operations expected to begin in 2028

Minus data centres, India's new investment plans shrank in H1FY27: Report

Investment announcements rose 34.7 per cent to ₹30.38 trillion in H1FY27, driven by data centres, while plans outside IT fell about 4 per cent to ₹20.92 trillion

Google signs massive 3.6-GW power deal with Constellation Energy in US

The agreements cover 3,590 MW of power, including 890 MW from upgraded nuclear plants, as Constellation plans more than $4.3 billion in new investments

From data localisation to AI localisation: Why inference is moving to India

As AI moves into regulated industries, companies are looking beyond where data is stored to where models process it. In-country inference is emerging as a new layer of AI sovereignty

Data centres emerge as the new real estate darling as PE inflows rise 23%

Data centres' share of private equity investment jumps to 29% in H1 FY27 from 4% in FY26, while domestic capital nearly six-folds and equity investments hit a record share

Banks chase risky chip loans as Asia's $8.2 trn AI buildout gathers pace

Companies building hundreds of data centers across the region are also seeking funds to buy the advanced computer chips that will power them

Sterlite Tech stock zooms 1069% from Jan low; m-cap tops ₹50,000 crore

At 02:27 PM on Monday, Sterlite Technologies' market capitalisation stood at ₹50,624 crore, and the stock traded 3% higher at ₹985 backed by a trading volume of 2.4 million shares on the NSE and BSE.

AI: Prometheus unbound

As the AI frenzy sweeps the globe and data centres multiply, consuming local water and power, who exactly is this new world being created for? That is the question at the heart of this book

Uttar Pradesh Data Centre Policy, 2021: Key features, incentives, eligibility and implementation

The Uttar Pradesh Data Centre Policy, 2021, is an investment and infrastructure framework intended to encourage private data centre development in Uttar Pradesh

Foreign investors are back: India real estate draws record $9.5 bn in Q3

Much of the Q3 capital went into data centres, offices and development sites rather than directly into completed residential homes.

Global AI industry needs to earn $6 trillion to justify data centres: Bain

The report comes as debate intensifies around the as-yet elusive returns for AI service providers

Sydney data centre plan scrapped by developer after community backlash

Goodman Group withdrew plans for a A$443.8-million data centre in Sydney's Lane Cove after residents raised concerns over its impact on homes, schools and local infrastructure

TakeMe2Space sets course for orbital data centre, plans six satellites

To send 2 satellites on Falcon 9 to take networked computing into space in '28

Data centres need a green growth plan

As public pushback over power and water use mounts, data centres must embed sustainability into their design and operations to sustain the global AI boom responsibly

Adani firm gets approval for ₹1.04 trillion Odisha data centre park

The Adani Group is set to deepen its presence in India's rapidly expanding data-centre industry as the proposal by one of its subsidiaries to develop a Rs 1.04 trillion integrated data-centre park has

Alibaba Group to add data centres in Europe, West Asia in AI push

The Chinese ecommerce leader will set up its first cloud regions in Turkey, Finland and the Netherlands over the next 12 months

Data centre bet makes ESDS one of India's best-performing new listings

ESDS Software Solution Ltd. has surged over 300% since its trading debut on Sept. 4, putting it on course to rank among India's best-performing new listings

Wall Street skeptical of data centre boom amid AI investment concerns

Several companies tied to the data center industry have delayed their initial public offerings amid the increasing public backlash to these energy guzzling facilities