Page 3 - Data Centre

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

India set for major data centre push in 5-6 years: Microsoft's Chandok

India is set to build over 70% of its data centre capacity in the next five to six years, driven by AI workloads, data localisation and rising enterprise demand

Govt asks Microsoft to set up data centres closer to power generation sites

The government on Monday asked Microsoft to locate future data centres closer to power generation sources rather than near cable landing stations, with Electronics and IT Secretary S Krishnan saying this would cut costs for both the company and the country. Speaking at the launch of Microsoft's fourth India cloud region in Hyderabad, Krishnan said it was easier and more economical to build data centres near power sources than near coastal cable landing hubs such as Chennai. "It will be much more economical if you go closer to where the power itself is generating," he said, adding that the government would continue to facilitate faster approvals to meet the requirements of both the country and the world. Microsoft on Monday formally launched its fourth India cloud region, in Hyderabad, as part of its USD 20.5 billion investment commitment to the country's digital and AI infrastructure. The India South Central region, which became generally available on August 6, joins the company's

OFSS shares crack 7%; what's spooking Nifty IT's best-performing stock?

As of Friday's close, OFSS shares are up 55 per cent on a year-to-date (YTD) basis, making it the best-performing stock in the worst-performing Nifty IT index.

Microsoft launches 4th India cloud region in Hyderabad to boost AI capacity

Microsoft on Monday formally launched its fourth India cloud region, in Hyderabad, as part of its USD 20.5 billion investment commitment to the country's digital and AI infrastructure. The India South Central region, which became generally available on August 6, joins the company's existing regions in Pune, Chennai and Mumbai. The Hyderabad facility uses effectively zero water for cooling, relying on air-cooled chillers instead of traditional water-based systems, Microsoft India and South Asia President Puneet Chandok said. He noted that the country has about 2 GW of data centre capacity, which is set to rise to 6-7 GW by 2035, with over USD 100 billion in investments already committed. India would emerge as an AI infrastructure hub not just for itself but for Asia and the Global South, Chandok said. In a video message, Microsoft Vice Chair and President Brad Smith said the new region would give organisations in India, and more broadly Asia, more capacity, greater resilience and m

L&T looks to scale up modularisation to boost project execution

EPC major sees a $100-150 billion modularisation opportunity over five years as skilled labour shortages, high costs and remote locations pose execution challenges

Nabfid sanctions over ₹3,000 crore loans for data centres amid AI push

The facilities from the National Bank for Financing Infrastructure and Development, or Nabfid, have a moratorium of as much as five years, with repayment over the following 10 years

EQT to invest $50 billion in India by 2030, $30 billion in data centres

Swedish private equity firm expects data centres to draw $30 billion, with the balance allocated to renewable energy and private equity investments across India by 2030.

Power minister discusses nuclear roadmap, AI power infrastructure with US

Manohar Lal and US Energy Secretary Chris Wright reviewed cooperation on clean energy, resilient infrastructure, nuclear power and emerging technologies during talks in Houston

Govt assuages concerns over impact on water supplies amid data centre surge

In the Union Budget for 2025-26, Finance Minister Nirmala Sitharaman had announced a tax break until 2047 for companies setting up data centres

Wall Street's data centre boom is reshaping the real estate bond market

Data-centre CMBS issuance has topped $17 billion since 2025, forcing investors to assess risks ranging from power constraints and opaque tenants to rapidly ageing technology

Finolex Cables stock on 4-day winning run; up 100% from Feb low

Finolex Cables hit a new 52-week high of ₹1,398.55, gaining 3.4% on the BSE in Thursday's intra-day deals, and has surged 15% in the past four trading days.

Fortune to set up ₹60,000 cr hyperscale AI data centre park in Telangana

The proposed 170-acre campus in Ranga Reddy district will support 1,200-1,600 MW of IT load, with cumulative investment potentially rising to ₹1 trillion

STL targets ₹20,000 crore revenue by FY29 under 'Lakshya' growth plan

Broadband technology company Sterlite Technologies has said it aims to grow the company's revenue manifold to Rs 20,000 crore by FY29. Sterlite Technologies Ltd (STL) posted consolidated revenue from operations of Rs 4,745 crore in the financial year 2025-26, according to a regulatory filing. "Today, we are very proud to announce Lakshya, STL's growth ambition for FY29. Under Lakshya, we're targeting Rs 20,000 crore revenue by FY29, while building STL into one of the largest global players for digital connectivity," STL Managing Director Ankit Agarwal said in an investor meet held on September 3. According to the transcript of the meeting shared by the company, Agarwal said that the ambition of project Lakshya is to transform the scale and position of STL, build on the strength of the company's core, stronger economics, deeper customer relationships, and a larger role in the world's rapidly expanding digital infrastructure. He said that there are now more places where optical ...

Data centres turn to air cooling to ease India's water woes: Is it enough?

India's AI data-centre boom is intensifying concerns over water and power use, highlighting the need for policies that balance rapid digital infrastructure growth with sustainability

End-to-end AI solutions need of hour: Netweb's Swastik Chakraborty

AI customers are shifting from buying infrastructure to seeking business outcomes, boosting demand for end-to-end AI solutions in India

TCS selects Hyderabad for HyperVault's 1 GW AI data centre campus

TCS subsidiary HyperVault has selected Hyderabad for a 1 GW AI data centre campus, with investments of up to ₹70,000 crore planned by the company and its partners

STL hits 5% upper limit on Growth Roadmap FY27-29; up 786% from CY2026 low

Sterlite Technologies is targeting ₹20,000 crore revenue by the FY29 vs ₹4,750 crore FY26 - roughly 4x growth and EBITDA margin targeted to rise from 13% in FY26 to >27% in FY29.