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
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
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
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, 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, 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 (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-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
EV cab aggregator BluSmart has denied reports of being in discussions or negotiations with Uber regarding a possible acquisition. A spokesperson from BluSmart told CNBC TV18 that reports suggesting such a development are entirely speculative and unfounded. The company spokesperson further maintained that BluSmart remains focused on scaling its operations, expanding its footprint, and driving
Welspun Corp Ltd on Monday announced that it has received a new order worth Rs 2,400 crore (approx) in the US. The order, it added, is for supply of coated pipes for Natural Gas Pipeline Projects in the USA. In a regulatory filing, the company said that the orders will be executed largely during FY26
All eyes are on the market levels this week after the Nifty failed to close above 22,500 last week. Positive global cues are expected to boost sentiment. Market participants have noted that the Nifty 50 needs to jump above the 22,500 mark decisively for an uptrend as this has become a key resistance level while
For stock market investors, few things are as exciting as corporate rewards such as dividends landing in their accounts, extra shares through bonuses, or stock splits making pricey stocks more affordable. And this week, there is a lot happening on that front. Some of the most watched stocks include Indian Railway Finance Corporation (IRFC), Power
The IPO market is back in action. After a relatively quiet spell, the primary market is heating up again with four new public issues set to open for subscription this week. Investors can look forward to one mainboard IPO and three SME IPOs hitting the Street, while two recently concluded issues will make their market
