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CtrlS opens Rs 4k-crore data centre park in Chennai, plans IPO

Hyderabad-based CtrlS Datacenters on Tuesday inaugurated a Rs 4,000-crore data centre park in Chennai, and said it is considering an initial public offering (IPO) to fund its capex and expansion plans. “The AI-driven opportunity is significantly expanding, requiring billions more in capex,” chairman Sridhar Pinnapureddy said. “We are contemplating and the Board has been discussing

FMCG firms ramp up rural play

Fast-moving consumer goods (FMCG) majors such as Godrej Consumer, Britannia and ITC are rolling out stock-ready vans to streamline stock replenishment in rural markets, significantly reducing turnaround times for retailers. Traditionally, FMCG distribution in rural areas follows a two-step process — sales representatives would visit retailers to collect orders and deliveries would follow either later

GIFT IFI aims to meet shortage of skilled talent for fintech

To address the shortage of skilled manpower for financial services and technology companies in GIFT City as well as the country, the GIFT International Fintech Institute (IFI) aims to train not only university students but also professionals looking to upskill themselves. IFI, an initiative to foster fintech education in partnerships with Indian and international institutes

Dedicated green bank may be set up

The government may set up a dedicated national green bank to bridge the finding gap in the renewable energy sector, and fast-track the green transition.     The Niti Aayog is examining the possible structures for a National Green Financing Institution. The model of National Bank for Financing Infrastructure and Development or National Bank for Agriculture and

Group Rhine and XCircle launch JV for modular data centres

Group Rhine, a leading energy solutions provider, and Australian modular infrastructure pioneer XCircle have announced the launch of their 50:50 joint venture, Rhine XCircle. This strategic partnership merges Group Rhine’s expertise in power distribution and smart metering with XCircle’s advanced modular data center technology to create scalable, efficient, and sustainable solutions for the growing digital

Schneider Electric eyes expansion with Rs 3,200-crore India investment

Schneider Electric, a global leader in energy management and automation, is ramping up its operations in India with a Rs 3,200-crore investment. The company plans to set up new manufacturing plants in Kolkata and Hyderabad while expanding capacity at its existing facilities.  ALSO READUK FTA must ease non-tariff barriers on Indian whiskey: Industry Speaking to

Adani Green Energy wins 1,250 MW energy storage capacity from UPPCL

Adani Green Energy (AGEL) on Tuesday said it has received the letter of award (LOA) from Uttar Pradesh Power Corporation (UPPCL) for 1,250 MW energy storage capacity from pumped hydro storage projects (PSP).  The project, Panaura PSP, has a minimum commitment for 40 years. It will be located in the Sonbhadra district, Uttar Pradesh and

Flipkart’s super.money buys BharatX in credit push

Flipkart-backed fintech platform super.money on Tuesday acquired Bengaluru-based checkout financing platform BharatX in an all-cash deal. The financial details of the transaction have not been made public. With the acquisition of BharatX, super.money aims to address the growing demand for innovative credit on UPI solutions, the Flipkart-run company said in a statement. ALSO READUK FTA
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Safeguarding Property Ownership: The best agreement for landlords

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Amazon responds after BIS raids uncover uncertified products at warehouses

Following raids conducted by the Bureau of Indian Standards (BIS) at warehouses of major e-commerce players, including Amazon and Flipkart, Amazon has issued a statement reaffirming its commitment to product compliance and customer safety. The raids, carried out under the supervision of the consumer affairs ministry, led to the seizure of thousands of uncertified consumer

FPIs continue sell-off; withdraw Rs 30,000 crore from equities in first fortnight in March

Foreign investors continue to pull back money from the Indian equity market withdrawing a little over Rs 30,000 crore in the first fortnight of the month amid escalation in global trade tensions. This came following an outflow of Rs 34,574 crore from equities in February and Rs 78,027 crore in January. With these, the total

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Mcap of five of top-10 most valued firms declines Rs 93,000 crore; Infosys, TCS hit hard

The combined market capitalisation of five of the top-10 most valued firms declined by Rs 93,357.52 crore, with IT giants Infosys and Tata Consultancy Services taking the biggest hit, in line with a weak trend in domestic equities. Last week, the BSE Sensex benchmark declined 503.67 points or 0.68 per cent, and the NSE Nifty