New Delhi, July 27 (IANS) India’s operational data centre capacity is likely to rise from 2.2 GW in 2025 to 12 GW by 2030, at a compound annual growth rate (CAGR) of 40 per cent, a report said on Monday.AI-dedicated capacity is expected to expand nearly 24-fold over the same period, rising from 275 MW to 6,546 MW, driven by demand from hyperscale cloud providers, enterprise digitalisation and artificial intelligence, the report from Wood Mackenzie said.”India’s data centre market is entering a…
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New Delhi, July 27 (IANS) India and Cote d’Ivoire on Monday discussed ways to strengthen defence cooperation and enhance the capabilities of the Ivory Coast Air Force. The discussions were held during a meeting between Defence Secretary Rajesh Kumar Singh and the Chief of Air Staff of the Cote d’Ivoire Air Force, Major General Koffi N’Guessan Alfred.”Defence Secretary Shri Rajesh Kumar Singh met Chief of Air Staff of the Cote d’Ivoire Air Force, Air Maj Gen Koffi N’Guessan Alfred, in New Delhi o…
Gurugram, July 22 (IANS) Gurugram Metropolitan City Bus Ltd (GMCBL) has inducted its first electric bus into the city bus fleet, marking a significant milestone in Gurugram’s transition towards clean and sustainable public transport. The air‑conditioned electric bus will undergo a three‑day trial on different routes to assess its operational performance under city conditions before being introduced into regular passenger service.GMCBL has also introduced a new loop card for commuters and e…
Mumbai, July 20 (IANS) Paytm (One 97 Communications Limited), India’s full stack merchant payments leader serving MSMEs and enterprises, and a leading financial services distribution company, and the pioneer of mobile payments, QR codes, and Soundbox, on Monday announced its financial results for the quarter ending June 2026 (Q1 FY 2027), reporting its highest ever quarterly EBITDA, driven by growth acceleration across merchant and consumer businesses, EBITDA margin expansion, and AI-led accel…
New Delhi, July 20 (IANS) Nearly 55.49 crore users had been onboarded on the Unified Payments Interface (UPI) platform as of June 2026, while UPI processed a record 24,161.69 crore transactions worth Rs 314.23 lakh crore during FY2025-26, the Centre informed Parliament on Monday.The transaction volume has risen steadily over the past five financial years. UPI processed 4,595.61 crore transactions worth Rs 84.16 lakh crore in FY2021-22, followed by 8,371.44 crore transactions valued at Rs 139.15 …
Kathmandu, July 16 (IANS) The Asian Development Bank (ADB) has identified the Nepal-India digital payment corridor as a major untapped opportunity that could significantly improve trade, tourism, and remittance flows between the two neighbouring countries. In its report ‘Advancing Digital Payments in Nepal: Infrastructure Upgrades and Policy Development for Enhanced Trade Facilitation’ released earlier this week, the Manila-based lender said billions of dollars move annually between Nepal and In…
Mumbai, July 14 (IANS) A case of alleged fraud involving nearly Rs 29.83 lakh withdrawn from the bank account of a deceased account holder has come to light at an Axis Bank branch on Tardeo Road in Mumbai, prompting a police investigation.According to Mumbai Police, the alleged fraud took place in the account of Vimla Patil, a deceased customer. Preliminary investigation has revealed that a Customer Request Form (CRF) bearing forged signatures in the name of the deceased was allegedly submitted …
New Delhi, July 13 (IANS) Union MoS for Science & Technology, Earth Sciences, Dr. Jitendra Singh said India is entering the next phase of governance transformation through Next Generation Administrative and e‑Governance Reforms with AI, digital platforms at core, an official statement said on Monday.Dr. Singh inaugurated the two‑day National Conference on Next Generation Administrative and e‑Governance Reforms in Shillong, jointly organised by the Department of Administrative Reforms a…
New Delhi, July 12 (IANS) The Confederation of All India Traders (CAIT) on Sunday welcomed the government’s decision to launch the ‘High-Frequency Economic Barometer’ on July 14, saying it will empower small businesses and accelerate India’s economic growth.The traders’ body described it as a historic and transformative initiative under the visionary leadership of Prime Minister Narendra Modi to make economic governance more modern, dynamic, and data-driven.The Barometer will assess th…
New Delhi, July 10 (IANS) New Zealand’s Minister for Trade and Investment, Hon Todd McClay, on Friday described Prime Minister Narendra Modi’s upcoming visit to New Zealand as a very significant milestone, saying it comes at a transformative moment in bilateral ties following the signing of the India-New Zealand Free Trade Agreement (FTA).In an exclusive interview with IANS, McClay said the FTA would unlock new opportunities across trade, technology, agriculture and investment, while also streng…