Representative image (Picture credit: ANI) India’s data centre industry is on track for a major expansion, with total capacity projected to jump five times to 8GW by 2030, according to a sectoral report by Jefferies. The growth is expected to be driven by the surge in data consumption, rapid cloud adoption, regulatory data localisation rules,…
Mark Zuckerberg’s Meta has reiterated the Big investment it is committing to make in the US. It is the same number that Facebook founder Zuckerberg had told President Donald Trump, along with an apology, during Big Tech CEOs dinner in September. In a blog post, Meta has said that it is investing $600 billion in…
Seeking to strengthen India’s position as a global hub for advanced steel production, the government on Tuesday launched the third round of the Production Linked Incentive (PLI) scheme for speciality steel, aimed at driving new investments and cutting import dependence in high-value segments such as defence, aerospace, automobiles, and infrastructure.Union Steel Minister H D Kumaraswamy…
Prime Minister Narendra Modi inaugurated the Emerging Science & Technology Innovation Conclave (ESTIC) 2025 at Bharat Mandapam in New Delhi on Monday.Addressing the gathering, the Prime Minister said, “Today is also a big day in the world of science and technology. In the twenty-first century, there was a great need for experts from around the…
Gen Z are now leading India’s crypto investments!For the first time, Generation Z has surpassed millennials to emerge as top investors in the country’s crypto investment landscape. CoinSwitch’s Q3 2025 report, India’s Crypto Portfolio: How India Invests, released on Thursday, shows that investors aged 18–25 now form 37.6% of the platform’s user base. Millennials (26–35…
Ford Motor Co is set to re-enter India with a fresh manufacturing plan worth about Rs 3,250 crore ($370 million). The American automaker on Friday announced restarting manufacturing activity at its Chennai facility, marking a major development after its exit from the Indian automotive market in 2021.The decision comes even as US President Donald Trump…
India’s gold demand fell 16% year-on-year in the July–September quarter of 2025, as record-high prices curbed jewellery purchases even as investment buying surged, the World Gold Council (WGC) said on Thursday.Total gold demand declined to 209.4 tonnes in the third quarter, compared with 248.3 tonnes in the same period last year. However, the value of…
HSBC Bank books $1.1 billion provision HSBC Bank on Monday disclosed a financial charge of $1.1 billion related to a claim by a European fund tied to the late Bernard Madoff’s investment fraud.The provision will be reflected in the lender’s third-quarter results due Tuesday, the London-headquartered bank said. Following the announcement, HSBC’s shares slipped about…
Reliance Industries chairperson Mukesh Ambani MUMBAI: Reliance Industries and Meta Platforms will make a joint investment of Rs 855 crore in AI services in India, a market expected to reach $20-22 billion by 2027. The companies – one owned by India’s richest man, Mukesh Ambani, and the other led by Mark Zuckerberg – will be…
India is making rapid strides in developing advanced semiconductor chipsets capable of powering high-tech applications such as CCTVs, servers, and high-performance computing, Union minister for electronics and IT Ashwini Vaishnaw said on Saturday. The government plans to invest over Rs 200 crore in energy-efficient microprocessors as part of this initiative.Semiconductors are crucial for modern technology,…