Page 10 - Data Centre

AI race sends Big Tech's capital spending to stratospheric high of $650 bn

The ever-larger numbers - in total, an estimated 60 per cent increase from a year ago - means yet another acceleration in the wave of data centre construction taking place around the world

Powering data centres: AI leadership depends on control of power supply

Google's Intersect Power deal shows how AI's explosive energy needs are pushing Big Tech from buying clean power to owning it-reshaping grids, climate goals and regulation

Musk plans solar-powered AI data centres in space but doubts remain

Elon Musk vowed this week to upend another industry just as he did with cars and rockets -- and once again he's taking on long odds. The world's richest man said he wants to put as many as a million satellites into orbit to form vast, solar-powered data centres in space -- a move to allow expanded use of artificial intelligence and chatbots without triggering blackouts and sending utility bills soaring. To finance that effort, Musk combined SpaceX with his AI business on Monday and plans a big initial public offering of the combined company. "Space-based AI is obviously the only way to scale," Musk wrote on SpaceX's website Monday, adding about his solar ambitions, "It's always sunny in space!" But scientists and industry experts say even Musk, who outsmarted Detroit to turn Tesla into the world's most valuable automaker, faces formidable technical, financial and environmental obstacles. Feeling the heat Capturing the sun's energy from space to run chatbots and other AI tools wou

No tax risk for foreign companies setting up data centres in India: FinMin

The Budget proposal of a 20-year tax holiday to foreign companies which provide cloud services globally will be available only to those which have set up a MeitY-notified data centre in India, and there will not be any risk for such overseas firms of their global income being taxed in India on this account, sources said on Wednesday. Finance Ministry sources also said that the Budget announcement would also give certainty to foreign companies that are in the business of providing cloud services and procurement services from a data centre in India. "Now Indian data centres can confidently offer their services to such global cloud entities, without these global entities perceiving any tax risk if they use Indian data centres," sources added. Finance Minister Nirmala Sitharaman, in her 2026-27 Budget, had proposed to provide a tax holiday till 2047 to any foreign company that provides cloud services to customers globally by using data centre services from India. It will, however, need

Why Budget tax sops to attract foreign investment upset Indian data centres

The new Budget provides for tax sops to attract more foreign investments in India's data centres. So why are some Indian players upset?

Oracle plans 20,000-30,000 job cuts to fund data centre expansion

Employees linked to data centres and non-core units are likely to be most at risk

Latent View Analytics rallies 8%, trades higher for 3rd day; here's why

The Data & Analytics industry is positioned for continued robust growth, driven by organizations' increasing recognition of data as a critical competitive advantage.

E2E Networks, Anant Raj surge up to 10% on tax holiday for cloud services

In comparison, the benchmark NSE Nifty50 was trading almost flat at 24,832.95 levels.

Budget 2026: Tax holiday for foreign Cloud cos using data centres in India

Budget 2026 proposes tax holiday till 2047 for foreign cloud firms using Indian data centres, aiming to position India as a global AI and hyperscale data hub

Budget 2026: Calibrated approach anchors atmanirbhar India vision

The proposed Rs 10,000 crore MSME Growth Fund reflects the government's intent to participate as an equity partner in their growth

Anant Raj stock price soars 14% on heavy volumes in weak market; here's why

As India emerges as a global hub for data centre expansion, driven by rapid data consumption and adoption of cloud reforms, Anant Raj is well-positioned to capitalise on the emerging opportunities.

Eco Survey: AI strategy must be grounded in economic realities, not scale

Chasing scale, building large LLMs for own sake not useful for India

Eco Survey flags strain on grids, groundwater due to AI data centres

India's AI data centre boom risks power grid volatility and groundwater depletion, prompting calls for urgent policy on energy and water use

Meta inks $6 bn deal with Corning for AI data center fiber cables: Report

Corning's optical connectivity products are among key components required to support the massive computing and data transmission demands at data centers

India 8th among 11 countries in investment in AI: WEF white paper

US, Singapore, S Korea and China are the top four, it says

Budget 2026 can catalyse India's journey towards becoming global data hub

With long-term capex needs, the data centre sector is seeking a stable, predictable tax regime in Budget 2026 to boost investor confidence and position India as a global data hub

L&T Vyoma conducts ground breaking ceremony of its 40MW data centre

The Mahape facility is part of a planned 100 MW campus and L&T Vyoma's roadmap for over 200 MW across key hubs, with direct-to-chip liquid cooling to support high-density AI workloads

Lodha signs MoU with Maharashtra to invest ₹1 trn in data centre park

The developer said the additional investment will support a 2.5 GW green integrated data centre park in the Mumbai region, expected to create over 16,000 jobs and host global players

Madhya Pradesh holds investment talks with global firms at WEF Davos

The Madhya Pradesh government announced plans to prepare a green energy-based policy to ensure adequate and sustainable power supply for IT and data centre projects

Trump wants tech giants to fund power for AI data centres; they'd love to

Under Trump's plan, grid operator PJM Interconnection LLC will hold an auction for tech companies to bid on 15-year contracts for new electricity generation capacity