An India-origin CEO of a little-known telecom-services company in the US has emerged at the centre of what has been described as a “breathtaking” fraud in an opaque corner of the US debt markets. BNP Paribas helped BlackRock’s HPS Investment Partners finance Bankim Brahmbhatt’s loans. (Reuters) A unit of Blackrock Inc. and other lenders are […]
The Supreme Court has allowed the central government to reconsider the issue of reassessment of AGR dues that Vodafone Idea Ltd. has to pay. Shares surged. The government has a 49% stake in Vodafone Idea in lieu of some of the pending dues. (Reuters) The matter of Vodafone Idea’s AGR dues falls within the purview […]
Adani Enterprises Ltd., Alphabet Inc.’s Google and Bharti Airtel Ltd. have come together to build India’s largest AI data centre in Visakhapatnam, as part of the Gemini creator’s $15-billion push into India’s AI landscape. Adani Group Chairman Gautam Adani. (Bloomberg) Adani ConneX, the data-centre joint venture of Adani Group and US-based Edge ConneX, along with […]
Alphabet Inc.’s Google will invest $10 billion to set up a massive data centre and artificial intelligence hub in Andhra Pradesh, officials from the southern Indian state said, marking its biggest such investment in the South Asian nation. Google and Andhra Pradesh are likely to sign a formal agreement on the AI project later today. […]
TCS plans to set up an AI infrastructure company to build 1 GW AI data centre in India, signaling a move from outsourcing to capital-intensive AI compute power. Source link
A Sify India IPO comes even as demand for data centres in India is set to double over the next three years. That needs an investment of up to ₹90,000 crore. Source link
