Amaravati, May 6 (IANS) Andhra Pradesh’s Information Technology and Electronics Minister Nara Lokesh on Wednesday said that 80 per cent of India’s air conditioners will be manufactured in the state by 2028.Speaking at the groundbreaking ceremony of an air-conditioner manufacturing unit at Sri City in Tirupati district, Lokesh, projecting Andhra Pradesh as a major HVAC manufacturing hub, remarked that the state has already earned its unique distinction as the cool capital of India.He noted that…
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Hyderabad, May 5 (IANS) Telangana Chief Minister A. Revanth Reddy on Tuesday requested former Reserve Bank of India (RBI) Governor Raghuram Rajan to constitute a high-level committee on the use of Artificial Intelligence in the syllabi of primary, higher secondary, technical, and medical education, and to provide appropriate advice and suggestions on its usage. A meeting on Telangana’s future planning was held under the chairmanship of the Chief Minister at his Jubilee Hills residence. Deputy Ch…
Amaravati, May 5 (IANS) Andhra Pradesh is positioning itself as a global hub for next-generation manufacturing and digital infrastructure, said state minister Nara Lokesh on Tuesday.He stated that Andhra Pradesh is moving beyond hosting data centres to manufacturing the components that power the global data boom.The minister announced that a foundation stone will be laid on Wednesday for a new chiller manufacturing facility at Sri City.The state government sees this as a significant milestone in…
New Delhi, May 3 (IANS) Amid rising global concerns over oil price volatility and the ongoing Middle East conflict, Morgan Stanley has struck an optimistic note on India, identifying the turbulence as a catalyst for long-term investment growth. In its latest report, the global brokerage has upgraded its outlook for India’s investment cycle, projecting the investment-to-GDP ratio to climb to 37.5 per cent by FY30, up from its earlier estimate of 36.5 per cent.This upward revision translates int…
New Delhi, May 2 (IANS) India’s data centre capacity is set to surge nearly six‑fold from 1.8 GW to about 10.5 GW by FY2031 as demand rises due to artificial intelligence adoption and data localisation policies, a new report has said.The report from investment bank Morgan Stanley said AI workloads alone could account for roughly 6.8 GW of the projected capacity and that rising demand for low‑latency processing, tighter localisation norms and increasing compute intensity are another major d…
New Delhi, April 30 (IANS) India is likely to see an incremental cumulative capex of $800 billion over the next five years across defence, data centres and energy transition due to the Middle East conflict and its investment‑rate will touch 37.5 per cent of GDP in FY2030, a report said on Wednesday.The report from Morgan Stanley said about 60 per cent of the incremental capex is likely to be allocated to energy transition, data centres and defence.”In this context, we remain constructive on In…
Seoul, April 30 (IANS) Samsung Electronics said on Thursday that its first-quarter net profit surged more than fivefold from a year earlier, driven by robust demand for high-end memory chips used in artificial intelligence (AI) applications.Net profit for the three months ended March jumped to 47.22 trillion won (US$31.8 billion) from 8.22 trillion won a year earlier, the company said in a press release.Operating profit jumped more than eightfold to 57.23 trillion won from 6.68 trillion won over…
New Delhi, April 22 (IANS) India’s benchmark Nifty 50 could be in the 28,000–31,000 range by the end of March 2027, implying a 15 per cent to 25 per cent upside from current levels, a report said on Wednesday.The report from investment management firm OmniScience Capital underpinned the outlook on FY27 Nifty 50 earnings per share of Rs 1,280 to Rs 1,320 and projected an earnings growth of 10 per cent–13 per cent.It forecasted a potential re-rating driven by easing geopolitical tensions, mo…
New Delhi, April 22 (IANS) The real estate industry in India witnessed a 32 per cent year-on-year surge in land acquisitions in 2025, with developers acquiring 3,093 acres across 149 transactions valued at Rs 54,818 crore, according to a report released on Wednesday.The report by JLL also said the acquired land is expected to unlock nearly 229 million square feet of development over the next two to five years, reflecting strong developer confidence and sustained demand.It highlighted a skewed in…
Washington, April 22 (IANS) A Senate hearing on the US energy budget exposed deep partisan divisions, with officials backing fossil fuel support for reliability and critics accusing the administration of raising costs and cutting clean energy programmes.At the hearing of the Senate Energy and Natural Resources Committee, Energy Secretary Christopher Wright defended the administration’s strategy, saying the focus was on “delivering reliable, affordable and secure energy for the American peopl…