Jaipur, July 1 (IANS) Chief Minister Bhajanlal Sharma on Wednesday said Rajasthan is rapidly emerging as a key player in India’s digital transformation, with the state receiving investment proposals worth over Rs 43,000 crore in the data centre sector.He added that the government is committed to making Rajasthan the country’s preferred destination for investments in Artificial Intelligence (AI) and data centres.Addressing industry leaders during a round-table discussion held after the 29th Natio…
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New Delhi, June 30 (IANS) India could face water demand that is double its available supply by 2030, creating over Rs 20 lakh crore in investment opportunities in the next decade, a report said on Tuesday.The report from PL Capital said that investment opportunities span across water treatment, wastewater recycling and sewage infrastructure.India — home to nearly 18 per cent of the world’s population but with only about 4 per cent of global freshwater resources — is confronting growing scarc…
New Delhi, June 30 (IANS) The Finance Ministry’s Expenditure Finance Committee (EFC) has approved an outlay of Rs 1.25 lakh crore for the India Semiconductor Mission (ISM) 2.0, paving the way for the next phase of the country’s semiconductor manufacturing push, according to a report in NDTV Profit.The proposal was cleared by the committee last week and will now be sent to the Union Cabinet for final approval.The proposed outlay marks a significant increase from the Rs 76,000 crore allocated as p…
Vadodara, June 29 (IANS) India is preparing to build power generation capacity of 300 gigawatts next year to meet rapidly rising electricity demand driven by data centres, electric vehicles and artificial intelligence, Union Housing, Urban Affairs and Power Minister Manohar Lal Khattar said on Monday. Addressing the inaugural session of the Vibrant Gujarat Regional Conference (VGRC) for Central Gujarat in Vadodara, the minister said the Centre had planned ahead to ensure that the country’s growi…
New Delhi, June 28 (IANS) Google has imposed limits on Meta’s use of its Gemini artificial intelligence models after the social media giant sought more computing capacity than the company was able to provide.The restrictions, which reportedly came into effect around March, prevented Google from meeting the full AI computing capacity requested by Meta, according to Financial Times report.The shortfall is said to have disrupted and delayed some of Meta’s internal artificial intelligence projec…
New Delhi, June 26 (IANS) Around 67 per cent of electricity executives said ‘phantom’ load requests from AI-driven data centres ‑‑19 per cent of them never materialising — have made it harder to predict electricity demand, a report said on Friday.Consequently, it becomes significantly harder to plan power systems, distorting forecasts and increasing the risk of both over- and under-investment, the report from Capgemini said after a survey of over 600 senior electricity executives at organis…
Washington, June 23 (IANS) Microsoft Chief Executive Satya Nadella has issued a sharp warning against the growing concentration of power in the artificial intelligence industry, arguing that a handful of companies should not dictate the future of a technology that is reshaping economies, workplaces and societies.In an exclusive interview with The Wall Street Journal, Nadella outlined a vision for the next phase of the AI boom that centres on lower-cost models, greater user control and broader ac…
New Delhi, June 18 (IANS) Despite the West Asia crisis disrupting oil and gas flows, India is maintaining its energy security through diversified supply chains, strong domestic coal resources, and expanding digital infrastructure, according to S&P Global Energy’s latest report.S&P notes that Indian refiners are strategically mitigating shipping risks around the Strait of Hormuz.However, the report advises that India must shift from a standard procurement-based approach to a more aggressi…
New Delhi, June 18 (IANS) Electronics manufacturing has surged forward to become the third-largest category among goods exported from India, according to Union Minister for Electronics and IT, Ashwini Vaishnaw.The minister lauded the vision of Prime Minister Narendra Modi in transforming electronics manufacturing into a premier pillar of the national economy.India’s electronics manufacturing industry has surged to an unprecedented value of Rs 13 lakh crore. From initially targeting a place in …
New Delhi, June 18 (IANS) India’s peak power demand witnessed a significant decrease, falling to 241 gigawatts (GW), down from 270.8 GW in May and below the 259 GW peak, as per data from the Grid Controller of India.The power demand eased following seasonal rains that have dropped temperatures across parts of the country and curbed heavy use of air conditioners and other cooling appliances.During solar hours on June 16, peak demand stood at 249.7 GW and at 247.5 GW during non‑solar hours, as…