Ahmedabad, June 7 (IANS) Global brokerage Jefferies has maintained a bullish outlook on key Adani Group power and infrastructure companies, including Adani Green Energy, Adani Power, and Adani Energy Solutions, citing strong capacity expansion plans, robust demand visibility, and improving execution momentum across businesses.In its latest note, Jefferies said it remains positive on Adani Green Energy Limited with a “Buy” rating and a price target of Rs 1,435, implying limited near-term upsi…
Latest Data Centers News & Updates
New Delhi, June 5 (IANS) Contrary to popular beliefs, artificial intelligence could double its electricity consumption by 2030 to about 3 per cent of the world’s power use and produce greenhouse gas emissions equivalent to the United Kingdom, a report has said.The report from the United Nations also warned that AI could deplete more water for cooling than the annual drinking water needs of the global population.It mentioned that the use of AI will lead to “Jevons paradox”, which entails th…
Mumbai, June 4 (IANS) Commerce and Industry Minister Piyush Goyal said on Thursday India is actively expanding its global trade network, with the Oman free trade agreement (FTA) coming into effect from June 1, and another two to three more significant FTAs are scheduled to become operational in the next six months.“Over the next year, around three to four more major FTAs will be executed, and in the next 9–10 months, all nine FTAs currently in the pipeline are expected to come into effect. O…
New Delhi, May 31 (IANS) Billionaire Gautam Adani has said that matters related to the Adani Group’s legal proceedings in the United States were now “behind us” and the conglomerate was focusing on accelerating investments across energy, transport, logistics and digital infrastructure as part of the next phase of growth.Gautam Adani said that the group’s biggest challenge was no longer access to capital but executing projects fast enough to meet India’s infrastructure and energy needs, particula…
Ahmedabad, May 31 (IANS) For most of modern history, the sequence was predictable. Physical infrastructure came first — roads, ports, power plants — and technology followed, amplifying what had already been built. Adani Group Chairman Gauam Adani believes that sequence has fundamentally changed.In his annual message for the financial year 2026, he makes the case that infrastructure and intelligence now reinforce each other from the ground up.Before AI can think, energy must flow; before data c…
Mumbai, May 27 (IANS) Rising AI adoption could drive deployment of 650,000-700,000 GPUs in India’s data centres over the next five years, creating a $23 billion investment opportunity, a report said on Wednesday.With this, India’s data centre capacity is set to grow at a 26 per cent CAGR over the next five years, according to the report by Avendus Capital.The AI-led infrastructure demand, alongside rising cloud and digital adoption, is expected to nearly triple India’s built data centre ca…
New Delhi, May 22 (IANS) Union Minister of State (Independent Charge) for Science & Technology, Dr Jitendra Singh, said on Friday that said India’s data centre capacity is projected to grow from 1.5 GW to nearly 6.5 GW by 2030 and the ongoing expansion is expected to generate nearly one lakh engineering jobs in areas such as AI systems, cooling technologies, smart grids, renewable energy integration and advanced digital infrastructure.Delivering the keynote address at the annual leadership…
New Delhi, May 22 (IANS) India’s capital goods industry is projected to see a revenue growth of 12-14 per cent this fiscal, buoyed by sustained government spending, steady capacity expansion in power, mining, oil and gas, metal and auto-linked sectors, and increasing opportunities from emerging segments such as data centres and electric vehicle (EV) infrastructure, a report showed on Friday.The ongoing developments in West Asia are unlikely to materially impact growth as diversified order book…
New Delhi, May 19 (IANS) Union Minister of Commerce and Industry Piyush Goyal on Tuesday called for deeper collaboration between industry and government to advance ease of doing business, enhance India’s competitiveness and accelerate the country’s journey towards Viksit Bharat 2047.Addressing ASSOCHAM India Business Reform Summit 2026 here, the minister said the present global situation and geopolitical uncertainties should be viewed as an opportunity for India to strengthen business proces…
New Delhi, May 13 (IANS) Indian equities are set for a strong year ahead due to acceleration in earnings growth and reflationary policies of the RBI, along with policy moves such as rate cuts, bank deregulation and liquidity infusion, a report said on Wednesday.The report from Morgan Stanley said strong capital expenditure in energy, defence, semiconductors, fertilisers and data centres along with large tax cuts are other factors likely to drive an earnings upswing.The investment bank forecasted…