DATA INFRASTRUCTURE
Cabinet approves Rs 10,000-crore SME Growth Fund and new authority to plan transport and logistics
The Indian government has approved a ₹10,000-crore SME Growth Fund aimed at supporting small and medium enterprises. Additionally, an Integrated Transport & Logistics Authority has been established to enhance transport infrastructure planning. This fund is intended to address equity capital gaps currently faced by SMEs and facilitate their growth. ITLA will create a comprehensive National Transport Master Plan to improve coordination across various transport sectors.
Cabinet approves new authority to integrate India’s transport, logistics planning
The Union Cabinet has approved setting up the Integrated Transport & Logistics Authority (ITLA), an SPV to coordinate transport and logistics planning, project appraisal, monitoring and data analytics. ITLA will prepare a long-term National Transport Master Plan, assess projects costing Rs500 crore or more, and promote multimodal infrastructure development.
Fast-track permits turn Spain's Aragon into a $70 billion data centre magnet, but at what cost?
Aragon, a sparsely populated region of northeast Spain, has become one of Europe's fastest-growing digital infrastructure hubs due to what tech companies hail as its agile local permitting laws and swift decision
Gnani AI launches Ascent partner programme to scale sovereign AI across enterprises
Gnani AI has introduced the Ascent programme to assist enterprises in scaling sovereign AI across their operations. This initiative connects a variety of partners including technology firms and systems integrators for effective deployment. Ascent builds upon Gnani AI's sovereign AI stack, which supports multiple industry-specific applications.
Cabinet approves new authority to enhance R&D across transportation and logistics
The Union Cabinet has approved the creation of an Integrated Transport & Logistics Authority to improve synergy. This new authority aims to enhance planning and evaluation processes across India's transportation sector. It will be responsible for appraising significant infrastructure projects and developing the National Transport Master Plan. Additionally, the ITLA will integrate essential data for effective project planning and monitor major transport projects.
Global Market: Gulf oil flows rebound to 81% of pre-war levels in September
Gulf oil flows excluding Iran recovered to 81% of pre-war levels in September, supported by a sharp rebound in Saudi Arabian exports. Crude and condensate shipments reached 91% of pre-war levels, while refined fuel exports remained weaker. Volatile daily flows, however, raise questions over the sustainability of the recovery.
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Dorf Ketal arm plans ₹30,000 crore hyperscale data centre park in Maharashtra
Trentar Private Limited intends to invest ₹30,000 crore for a 500 MW green data centre park in Maharashtra. The company is assessing land options and aims to finalize evaluations within a month. An MoU with the Maharashtra government is expected to be signed soon. Permissions and approvals will be facilitated by the state government for the project under existing regulations.
AM Intelligence plans $20 billion additional investment in 15 months, orders 20k more Nvidia GPUs
The company announced that it has placed two further firm and binding orders for 20,000 NVIDIA Rubin GPUs for deployment of the systems across India and Malaysia, taking its total capacity to 100 Megawatt.
Pharma, metals top-performing sectors of 2026 with 19% and 15.1% returns; did they deliver similar gains in 10-year period too?
In this edition, we present a 10-year performance tracker of various domestic market sectors. The annual returns are ranked for 9 key NSE Sector indices. Metals lead 10-year sector gains; Real Estate, Energy follow. By Sameer Bhardwaj.
AI compute financing needs bankable contracts, lender exit rules: industry
They highlighted these demands at a closed-door meeting on ‘Financing India’s Frontier & Compute Ecosystem’ convened in Delhi by the IndiaAI Mission.
India fastest-growing Asia market for NetApp; BFSI and public sectors key growth drivers: CEO
The San Jose-based data infrastructure company has also grown its global capability centre in Bengaluru, with the majority of global R&D processed out of the centre. With a team of about 4,000 engineers, the centre is the largest for NetApp and is core to the global innovation work for the company across technology areas.
Nscale hires Meta’s Justin Osofsky to be COO ahead of IPO
The new COO, Justin Osofksy, worked at Meta for 18 years in various executive roles and was most recently its chief partnerships officer.
G20 ministers discuss curbing impact of govt-backed excess manufacturing capacities: Piyush Goyal
G20 trade ministers focused on preventing unfair manufacturing practices caused by government-supported large production capacities. Discussions included addressing predatory pricing and overcapacity threatening fair trade in countries like India and the US. Commerce and Industry Minister Piyush Goyal highlighted India's advantages for data centers, including low costs and tax benefits. He emphasized that India's renewable energy availability further enhances these advantages for global investors.
Dhruva, TakeMe2Space, SatLeo, EON technologies launch aboard SpaceX rideshare mission
The Falcon 9 mission lifted off from Vandenberg Space Force Base in California late Thursday. It carried Dhruva Space’s LEAP-2 platform and TakeMe2Space’s MOI-1A spacecraft, along with payloads developed by Satleo Labs and Eon Space Labs.
Broadcom starts amassing $60 billion to fund chips for Anthropic: Report
Banks involved in the massive debt package are poised to send out syndication letters for a $42 billion Class A senior-secured tranche, the people said, asking not to be identified discussing the deal, which has yet to be announced.
Axis Bank wants to double its Rs 8,688 crore data centre exposure
India's rising interest in artificial intelligence is prompting Axis Bank to expand its lending to data centres. With demand for large-scale computing infrastructure surging, banks are exploring new financing opportunities. Axis Bank's exposure to the data centre sector is expected to double within three years. Additionally, the government is facilitating growth in this sector with favorable policies. Overall, the opportunity presents both promising potential and unique challenges.
US stocks: AI infra firm Accelevation valued at $3.9 billion as shares fall in Nasdaq debut
Accelevation's shares began trading below the initial public offering price of $18, reflecting current market instability. The company, which focuses on data center infrastructure, successfully raised $540 million by offering around 30 million shares at a debut price of $17.55. Founded in 2017, Accelevation achieved impressive revenue growth, totaling $447.8 million by 2025 amidst an uncertain U.S. IPO landscape that is impacting this listing season.
Beyond the SIM: Inside Jio and Airtel’s high-stakes AI pivot
Jio and Airtel are taking their rivalry beyond connectivity as both invest heavily in AI-ready data centres, cloud platforms, enterprise tools and consumer services. Their expanding ambitions reveal how India’s telecom giants are positioning themselves for the next phase of AI adoption, where infrastructure, subscriptions and digital services increasingly converge.
STL Networks shares jump 5% after emerging as L1 bidder for RailTel contract worth Rs 250 crore
STL Networks shares rose 5% after emerging as the lowest bidder for a Rs 249.8 crore RailTel contract to deploy cloud infrastructure at data centre and disaster recovery sites. The company is also planning a wholly owned subsidiary focused on data centres and connectivity. Its stock has gained sharply in recent months.
AI infra firm Accelevation, shareholders raise $540 million in US IPO
Accelevation and selling shareholders raised $540 million in a US initial public offering, the private equity-backed data center infrastructure firm said on Tuesday. They offer 30 million shares at $18 apiece, below the marketed range of $20 to $24 each.
Oracle share price: ORCL stock jumps at NYSE, what is making it one of top turnover stocks in Software & IT Services sector
Oracle stock: Oracle's move to protect itself against potential delays at a massive data center project developed by Blue Owl in New Mexico sent a chill through the trillion-dollar market for AI infrastructure financing.
Not even $10,000 per household could convince this rural Pennsylvania town to stop protesting an AI data center project
A Pennsylvania town was offered $10,000 for each of its roughly 4,500 households as part of a proposed AI data center project, but many residents refused to accept the money. NorthPoint Development proposed a $45 million payout to residents along with a $120 million community investment if Hazle Township approved zoning changes.
Samsung, affiliates commit $1 billion to KKR-backed Helix Digital AI buildout
Samsung Electronics will invest $500 million, while Samsung C&T, Samsung SDS, Samsung SDI, Samsung Life Insurance, and Samsung Fire & Marine Insurance will provide the remaining $500 million.
Global Market: DayOne pushes ahead with potential November IPO amid data center scrutiny
Data center operator DayOne is preparing for a potential US IPO in November, targeting a valuation near $20 billion. The company plans to file with the SEC in October amid heightened investor scrutiny of AI infrastructure, financing costs, customer concentration, secured power capacity and contracted revenues as IPO markets become more selective.
Data centre IPO hopefuls brave tougher market as investor scrutiny grows
The Singapore-based company develops and operates data centers for cloud and AI customers. It plans to make its filing with the US Securities and Exchange Commission public in mid-October and list in November, the people said, speaking anonymously to discuss confidential matters. The plans, including the timing of the IPO, are subject to change, the people cautioned. DayOne declined to comment.
Data center IPO hopefuls brave tougher market as investor scrutiny grows
Data center operator DayOne is pushing ahead with its plans to go public as soon as November, according to three people familiar with the matter, even as higher interest rates and setbacks elsewhere in the data center ecosystem threaten to narrow
Oracle, Blue Owl project delay sends ripples through AI financing
Oracle's move to protect itself against potential delays at a massive data center project developed by Blue Owl in New Mexico sent a chill through the trillion-dollar market for AI infrastructure financing, according to interviews with bankers and investors.
62 generators, no permits: New Jersey data centre's $1 million fine exposes the regulatory challenge of powering artificial intelligence & how fast AI infrastructure can be built
DataOne, an AI data centre in Vineland, New Jersey, has been fined $1.07 million by NJDEP. State inspectors found unpermitted natural-gas generators operating at the facility during a recent inspection. Each of the 62 generators has a significant power capacity, raising environmental concerns. DataOne disputes the characterization of the generators, indicating they are temporary equipment. The company plans to apply for the necessary permits while complying with state regulations.
Govt pushing for public-private collaboration in data infrastructure, says MoS Commerce Jitin Prasada
The central government emphasized that it wants both the public and private sectors to collaborate to drive investments, generate employment, and build domestic data centers as infrastructure demands rise.
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