Page 10 - Data Centre

NaBFID extends Rs 2,000 crore loan to Blackstone-backed data centre

A senior executive with a public sector lender said NaBFID, a government-owned infrastructure financier, has extended a loan (construction finance)

Microsoft cloud computing biz to grow slowly amid shortage of data centres

The Azure cloud division will grow at as much 32 per cent in its fiscal third quarter, not much faster than it did during the last three months of 2024

Infor sees 100% growth in India in 2024; to increase headcount by 15-20%

Kevin Samuelson, global CEO, Infor, said that they are also setting up their own data centre in India to resolve data residency issues for some customers

Nvidia, energy stocks: DeepSeek AI triggers market sell-off; time to worry?

The emergence of an almost-as-good AI utility created at much lower cost that also uses much less energy has set the proverbial cat amongst the pigeons.

India's AI push: Reliance to build world's largest data centre in Jamnagar

Reliance Industries, in partnership with Nvidia, plans to build the world's largest AI data centre in Gujarat, marking a milestone in India's AI journey and digital infrastructure growth

STT Global signs MoU with T'gana to set up Rs 3,500 cr data centre campus

STT Global Data Centres India Pvt Ltd signed a Memorandum of Understanding (MoU) with the Telangana government to establish a state-of-the-art data centre campus in the Meerkhanpet, Mucherla region, with an investment of Rs 3,500 crore. The MoU was signed in the presence of Telangana Industries Minister D Sridhar Babu, Bruno Lopez, Group CEO of ST Telemedia Global Data Centres (STT GDC), and other officials at the STT GDC office in Singapore. The upcoming AI-ready data centre campus will feature cutting-edge technologies with a targeted capacity of up to 100 MW, offering ample scalability for future growth. It will be one of the largest data centre projects in the country, according to an official release on Saturday. The project reaffirms STT GDC India's commitment to supporting the country's digital transformation and strengthens Telangana's position as a preferred destination for global technology infrastructure. Welcoming the decision, Chief Minister A Revanth Reddy said, I ...

Black Box enters next growth phase with revamped GTM strategy: Ventura

Muted sales growth in FY24 notwithstanding, Black Box is poised for its next growth phase aided by a growing deal pipeline, revamped go-to-market strategy, and focus on data centres, according to a report by brokerage firm Ventura Securities. Black Box, an Essar Group company, is a digital infrastructure integrator. Its portfolio includes data centre solutions, advanced networking solutions, AI-powered analytics and IoT-enabled devices. "Despite muted sales growth in FY24, primarily due to delays in project execution and decision-making, Black Box is poised for next growth phase," it said, adding that the firm has revamped its strategy by focusing on the top 300 customers and exiting less profitable long-tail customers, as they do not contribute to margin growth. Black Box plans to concentrate on data centres, primarily in North America and India, Ventura said. Data centres constitute about 20 per cent of the company's revenues. With a customer base that includes major hyperscaler

Nvidia corp completes acquisition of Israeli software startup Run:ai

The software - which currently works on only Nvidia-based systems - will be open-sourced, meaning that others will be able to take code & use it to tune computers that use hardware from Nvidia's rival

India's data centre capacity to more than double by FY27: CRISIL Ratings

India's data centre capacity is set to more than double to 2-2.3 GW by 2026-27, led by increasing digitalisation as organisations increase their investments in cloud storage, Crisil Ratings said in a report on Monday. Further, the report stated that rising penetration of Generative Artificial Intelligence (GenAI) will drive the demand over the medium-term. To support the strong demand, the incremental capital expenditure would be supported by a higher proportion of debt funding, which will result in a moderate increase in debt levels, it said. Data centres cater to the computing and storage infrastructure demand as enterprises rapidly shifting their businesses to digital platforms, including cloud, a trend that has accelerated post Covid-19 pandemic, it said. The other major factor is that increased accessibility of high-speed data has led to a surge in internet usage, including social media, over-the-top (OTT) platforms and digital payments, it added. Notably, mobile data traffic

Investment commitments in data centres may cross $100 bn by 2027: Report

India's data centre capacity is estimated to reach 2,070 MW by the end of 2025

India's data centre market attracts $60 bn investment during 2019-24: CBRE

India's data centre market has attracted investment commitment of USD 60 billion in the last six years and the cumulative inflow is estimated to surpass USD 100 billion by 2027-end, according to CBRE. Real estate consultant CBRE South Asia on Wednesday released report '2024 India Data Centre Market Update'. "The Data Centre (DC) market in India has experienced substantial investment from global operators, real estate developers, and private equity funds seeking to capitalise on the country's burgeoning market," the consultant said. Between 2019 and 2024, India attracted investment commitments totalling more than USD 60 billion from both domestic and international investors, it added. Maharashtra, Tamil Nadu, Telangana, Uttar Pradesh and West Bengal emerged as the leading states in terms of cumulative investment commitments. CBRE report anticipates "India surpassing USD 100 billion in cumulative investment commitments by the end of 2027". India's data centre market is experiencing

Nvidia, Vietnam govt sign pact to jointly build AI research, data centres

Nvidia also said it has acquired healthcare startup VinBrain, a unit of Vietnamese conglomerate Vingroup, but didn't provide the value of the deal

Akash Systems wins $27 mn contract from NxtGen to provide cooling servers

Deal will help NxtGen in providing energy-efficient AI computing solutions

Meta seeks new nuclear reactors as reliable source to run US data centres

Meta is racing to line up clean energy to meet the massive electricity needs of its artificial intelligence ambitions

India must become self-reliant in space data needs: IN-SPACe chief Goenka

Space sector regulator IN-SPACe's chairman Pawan Goenka on Monday said India faces significant gaps in meeting all its space data needs and remains heavily reliant on foreign providers. Addressing the GeoSmart India 2024 conference in Hyderabad, he also said without the geospatial industry growing, India cannot achieve its vision of being a Viksit Bharat by 2047. "Are all our data needs met today? My answer is definitely not... Affordability, low resolution data, high resolution data -- not enough, Goenka said. He said despite abundant data from Indian Space Research Organisation (ISRO), it falls short of providing "anytime, anywhere, any resolution" capabilities. Goenka said one of the first steps a country must take is to become self-reliant in data. "Currently, ISRO is the only Indian source, and there is a high dependency on foreign sources. I am not suggesting that we generate all the data ourselves, but all strategic data must be produced from sources within India," he ...

RMZ, Colt DCS to invest $1.7 billion in Indian data centre market

The data centres will have a combined capacity of approximately 250 MW on completion

Black Box eyes $2 billion revenue in 4 years on rising AI, data demand

Black Box has increased its focus on modular data centres and prefabricated solutions, which are designed to accelerate project timelines and cater to hyperscale needs

Amazon to invest $1.3 bn in Italy data centre biz to boost cloud services

The investment would support up to 5,500 jobs through 2029 across the AWS data centre supply chain, the company said in a statement

Airtel's Nxtra to invest Rs 5k cr to double capacity in 3 yrs; deploys AI

Bharti Airtel's data centre company Nxtra plans to invest Rs 5,000 crore to double its capacity to around 400 megawatt over the next three years, the firm said on Wednesday. The company had earlier set a target of reaching around 400 megawatt capacity by 2025. Nxtra said it has become the first data centre in India to leverage AI to build digitised facilities engineered to drive smart capabilities like predictive maintenance, enhanced operational and energy efficiency, streamlined automation of operations and optimised capex utilisation. Nxtra CEO Ashish Arora said the company will make a "Rs 5,000 crore investment over the next three years to double the Nxtra capacity to around 400 megawatt". He said Nxtra has deployed the AI-powered SmartSense platform of Ecolibrium in the Chennai data centre and will now deploy capabilities across all its core data centres. With the deployment, Nxtra aims to achieve a 10 per cent increase in asset life through real-time performance analytics to

Nxtra to invest Rs 5,000 cr to double its capacity to 400 MW in three years

In line with its mission to build future-ready data centre infrastructure that is intelligent by design and sustainable, Nxtra has deployed AI in its data centres to drive operational excellence