DATA CENTRES AND WATER CONSUMPTION
S&P affirms Reliance Industries' 'A-' credit rating, cites Jio listing, stronger earnings
S&P Global Ratings has affirmed Reliance Industries’ (RIL) ‘A-’ long-term issuer credit rating with a stable outlook, citing resilient earnings, strong cash generation and improved funding flexibility following the listing of Jio Platforms.
Gold price crashes on Election Day, Silver drops: Will Gold rate fall further after US midterm elections 2026 results?
Election Day Gold rate: Gold price was down on Tuesday as investors seem to be waiting for US midterm elections 2026 results for Donald Trump-led Republicans and Democrats.
India's data centre capacity set for 5x surge by 2030
By March 2030, India’s data centre capacity is projected to soar to 7.5 gigawatts, fueled by escalating demand from global hyperscalers and the emergence of generative artificial intelligence. However, challenges such as power infrastructure and project execution timing loom large. To mitigate these risks, pre-commitments and long-term contracts are essential, alongside the industry's flexibility to adapt to changing computing needs, which will dictate its future profitability.
India wants more factories, fabs and data centres. Where will the water come from?
India's ambition to become a developed nation by 2047 is constrained by growing water resource challenges. Industries across sectors, including thermal power and semiconductor manufacturing, face water scarcity issues that could hinder growth. Many regions are already experiencing severe water stress, impacting economic development plans drastically. Adopting recycling and reuse technologies will be crucial for managing water in industries effectively.
NTT Data to nearly triple Mangaluru workforce to over 2,500 by 2027
The company entered Mangaluru through its acquisition of local cloud engineering company Niveus Solutions, and is looking to use the city as a base for developing specialised technology capabilities. Its focus areas include healthcare and life sciences, automotive, manufacturing, high technology, AI and data.
STT Global’s India biz on the block; micro occasions power qcomm
KKR, Singtel, and the Tatas are preparing to sell STT GDC India, a major data centre platform. This and more in today’s ETtech Top 5.
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KKR, Singtel and Tata Communications put data centre company STT GDC India up for sale at over $5.5 billion
In a significant move, KKR, Singtel, and Tata Communications are gearing up to offload STT Global Data Centres India, anticipating a valuation that could surpass $5.5 billion. This initiative underscores their intent to bolster capital and refine strategic objectives. With 34 data centres in operation, STT GDC India stands as a leading co-location service provider, well-poised to capitalize on the escalating appetite for data infrastructure amidst evolving tech trends.
Climate platform Two Point O raises $10 million led by Transition Venture Capital
The company plans to enter battery energy storage while expanding its existing offerings in solar power, energy efficiency, and wastewater treatment. It will also target customers in sectors such as data centres, automobile manufacturing, pharmaceuticals, and healthcare, where energy and water consumption are significant operating costs.
GST collections jump 22.9% to Rs 2.31 lakh crore in October as festive demand beats high inflation and interest rates
India's GST collections in October reached ₹2.31 lakh crore, reflecting a 22.9% year-on-year increase. Strong consumption trends are indicated by rising passenger car sales and record digital payments. Power consumption also surged nearly 22% compared to last year, further emphasizing economic strength. Despite a high inflation rate of 5.5%, demand has remained robust, supporting growth forecasts. Analysts suggest this growth aligns with leading indicators of a consumption-driven economy.
Australian outback data centre pulls timeline after regulator stalls
Startup Energy North, which says it has finance lined up for a sprawling gas and solar-powered data centre on a cattle ranch in the country's remote north, 683 km (424 miles) from the nearest city, had given a "first power" date of June 28, 2028, in regulatory filings four months ago.
Indian households shifting spending towards non-food items, services as consumption patterns evolve: Report
Indian household consumption is likely to become increasingly diversified, with spending gradually moving beyond food essentials towards non-food products and services, as changing dietary preferences and household structures reshape consumption patterns, according to an SBI Research report.
US midterms may raise shutdown, debt risks; keep tariff uncertainty high: ICICI Bank
The upcoming US midterm elections could increase the potential for a government shutdown and legislative standoffs. Democrats are predicted to have a high chance of controlling both chambers of Congress, which may impact future policies. While significant tariff changes are not expected, uncertainty for businesses may rise under new leadership. Additionally, ongoing disputes surrounding the debt ceiling could affect government financial stability.
Alliant targets 1 GW of new data-center contracts in six months as power demand surges
Alliant Energy expects to sign contracts for about 1 gigawatt of additional data-center demand within six months, its finance chief said on Friday, as rising AI use and growing electrification push US power demand to record highs.
See data centres less as energy-sucking private warehouses, and more as quasi-public utilities
We need data centres. They run far more than ChatGPT. Search, banking, streaming, social networks, cloud software, government services, hospitals and almost every company's digital operations depend on them. AI simply raises the requirement dramatically. Google says its Vizag hub will provide new subsea connectivity for India. IEA says electricity use by AI-focused data centres jumped 50% in 2025. A country without serious compute infrastructure risks becoming a consumer, rather than a producer, of the AI revolution.
Google went to Finland for its AI expansion. Now a cleared forest and a police probe threaten to overshadow its $15 billion investment
Google's planned expansion in Finland is facing scrutiny due to alleged environmental violations at a data centre site. Authorities are investigating whether the company breached local laws related to water management. The controversy has drawn public criticism and highlighted the need for responsible corporate practices. As investment in artificial intelligence increases, balancing economic growth and environmental protection remains challenging.
US stocks today: Nasdaq slides over 1% as Alphabet's AI spending revives investor concerns
The Nasdaq Composite dropped over 1% as Alphabet reported disappointing advertising results. The downturn was worsened by software stocks, which fell following Fortinet and ServiceNow's unfavorable quarterly performances. Rising AI spending concerns and inflation data also impacted investor sentiment. On a brighter note, Eli Lilly's shares surged due to strong revenue forecasts, while Caterpillar faced declines as it kept its annual sales forecast steady.
Elon Musk’s xAI offers to buy 418 homes near its Mississippi data centre amid noise complaints
Residents in Colonial Hills are considering buyout offers from xAI due to ongoing noise complaints. The energy demands of the AI data centers have raised community concerns about noise and pollution. A lawsuit was filed by three residents alleging that the constant sound affected their quality of life. Renters also face uncertainty as some landlords have accepted buyout offers without considering tenant needs.
STMicro nearly doubles quarterly profit, sees Q4 sales exceeding $4 billion
STMicroelectronics reported a third-quarter operating profit above market expectations on Thursday, as demand from AI data centres and satellite operators added to a broader recovery in the chipmaker's markets.
Pakistan: United Nations report exposes flaws in Sindh's water management
Sindh’s water management system is struggling with outdated rules, weak data and growing gaps between official allocations and actual water use, according to an FAO study cited by Dawn. The report called for a comprehensive review of land and water resources, better monitoring of irrigation and urban supply systems, and regular water accounts covering agriculture, cities, industry and environmental needs.
TPG pursues $5 billion acquisition of British data centre group Ark: FT
Global alternative asset manager TPG is in talks to buy British data centre group Ark from Elliott Investment Management at a valuation of about $5 billion, the Financial Times reported on Wednesday, citing people familiar with the matter.
Tata Communications to plug Rs 4,350 crore in AI super highway
Tata Communications aims to invest Rs 4,350 crore to create 10,000 km of AI-ready connectivity infrastructure across India. The investment will enhance the existing network and add significant capacity to data-centre connectivity. The three-phase project development will focus on key growth corridors including Mumbai, Pune, and Chennai. Tata Communications will also expand its networks to connect various emerging data-centre ecosystems.
PM Modi to inaugurate RBI's data centre in Bhubaneswar
Prime Minister Narendra Modi is set to inaugurate the Reserve Bank of India's state-of-the-art data centre and Cybersecurity Training Institute on Sunday. This initiative aims to bolster Odisha’s digital framework and elevate national financial security. Situated in Jatni, the facility is designed to support crucial payment and settlement operations. With 2,100 police personnel and traffic regulations in place, this visit marks Modi's ninth trip to Odisha since 2024.
US data centre spending seen more than doubling to $2.1 trillion by 2028, estimates BoFA
Global data centre spending is expected to reach $1 trillion in 2026 and more than double to $2.1 trillion by 2028, driven by rising demand for AI services, BofA Global Research estimates. The data centre market could reach $2.93 trillion by 2030 as AI fuels rapid infrastructure expansion.
High-voltage reality: ‘Data hubs need stable grids more than sops’
As states roll out the red carpet to attract private investments in artificial intelligence (AI) and cloud infrastructure, delivering uninterrupted power to project sites from day one would be crucial for their success, they said.
'Make deals and get them built': Trump calls on data centre companies to pay a 'dividend'
Donald Trump has urged data centre companies to generate their own electricity for local communities. He suggests offering a financial dividend to enhance the popularity of data centres. Trump believes that such financial incentives can turn unpopular centres into well-received facilities in the area. Additionally, he emphasizes that these centres could contribute to lower electricity prices for local residents.
It’s unity in diversity to draw data centres
States play on their uniquestrengths with RE-relatedincentives, powered sites & easier energy procurement.
Vinci wins cooling plant contract at data center in Iberian peninsula
Vinci SA has secured a major contract to build a cooling plant for a data center located in the Iberian Peninsula. This deal is worth €165 million, and the cooling systems will be capable of managing 200 megawatts of computing power. This is a significant project that emphasizes Vinci's role in the tech infrastructure market.
AdaniConneX's Vizag data centres to use air cooling, cut freshwater consumption
The facilities will have dedicated industrial water connections rather than draw supplies from municipal lines, a move aimed at preventing competition with households for drinking water.
Meet Omar Yaghi, Nobel Prize-winning chemist whose startup Atoco showed how data-centre waste heat could extract water from air, with prototypes producing up to 300 litres a day
It is a California-based startup and is developing technology at a time when the rapid growth of AI is increasing pressure on data centers to manage heat and water consumption. The aim is simple, as it wants to address both problems by using excess heat to help produce water.
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