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…
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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…
New Delhi, April 16 (IANS) India’s artificial intelligence (AI) roadmap should be built on the principles of affordability and accessibility, Ravi Shankar Prajapati, Joint Director at the Bureau of Energy Efficiency, said on Thursday.He was delivering the keynote address at a policy roundtable titled “Roadmap for AI and Sustainability in India,” organised by Chintan Research Foundation in association with The Dialogue here.Prajapati stressed that India’s AI ambitions are entering a decis…
New Delhi, April 16 (IANS) US experts have red flagged the commercial underwater data centres that China has started setting up as an environmental hazard, due to the release of intense heat in the surrounding sea which is likely to adversely impact neighbouring countries such as Vietnam and the Philippines.China has deployed its first commercial underwater data center, developed by Hailanxin, off the southeastern coast of Hainan Island, in shallow coastal waters of the South China Sea. The faci…
New Delhi, March 26 (IANS) Private equity investments in India’s real estate sector saw a sharp rise of 59 per cent in 2025, reaching $6.7 billion, driven by strong demand and stable economic conditions, a report said on Thursday.The report highlighted that India’s economic performance remained strong during the year, with GDP growth reaching 7.8 per cent in the first quarter of FY26 and rising further to 8.2 per cent in the second quarter.This growth helped position India as the world’s f…
Canberra, March 23 (IANS) The Australian government announced on Monday that it will fast-track approval for data centres that use water sustainably and support the national clean energy transition.Tim Ayres, minister for industry and innovation and minister for science, said on Monday that the new framework of expectations for data centres and artificial intelligence (AI) infrastructure developers will make it easier to invest in Australia by setting clear and consistent signals.He said in a jo…
Washington, Mar 21 (IANS) The Trump administration unveiled a national framework on artificial intelligence, which could shape Indian talent, IT firms, and policy debates as the US moves to lead the global AI race.US new AI policy push signals shift for IRevealing the six-point plan to boost innovation, protect citizens, and strengthen US leadership, the White House said it wants to “win the AI race to usher in a new era of human flourishing, economic competitiveness, and national security for…