INFRASTRUCTURE FIRM
Five IndiaAI empanelled companies ineligible for new compute bid
CDAC requires bidders to own, lease or operate a Tier-III, Rated-3 or higher data centre in India. Bidders must also hold the required ISO certifications and operate a network operations and security operations centre in India.
Wall Street gains as CoreWeave calms AI jitters
CoreWeave's strong earnings report alleviated investor worries regarding excessive spending in the AI sector. Following this, both the S&P 500 and Nasdaq saw gains exceeding 1%. Nvidia's stock also rebounded after a significant decline linked to troubling remarks about its CEO. Moreover, the Philadelphia SE Semiconductor index experienced a 7% jump, reflecting heightened investor optimism. Overall, market activity suggested a renewed interest in technology equities amid fluctuating economic concerns.
Clean energy gains fail to lift India's climate ranking
India's renewable energy initiatives have progressed, yet the country has dropped in the Climate Change Performance Index rankings. While India met its non-fossil fuel targets ahead of schedule, the challenge of generating electricity persists. The report highlights progress in solar and wind energy capacities and emphasizes the need for better storage solutions. Experts suggest that India should establish new, more ambitious goals for renewable energy.
Qcomm’s Diwali boost; Energy startups attract funds
Happy Wednesday! Quick commerce powered a strong festive season for D2C brands. This and more in today’s ETtech Morning Dispatch.
CoreWeave stock today: Why CRWV shares jumped over 16% before market open after earnings beat and what analysts expect next
CoreWeave stock surged more than 16% in premarket trading after the company reported 168% revenue growth and raised its 2026 forecast. The upbeat results lifted investor sentiment, but its $709 million quarterly loss, heavy interest expenses and mounting financing needs continue to raise questions about the AI infrastructure company's future.
Bigger cheques, fewer winners in India’s AI boom
Indian AI startups raised $1.6 billion in funding during the first nine months of 2026. While AI infrastructure attracted significant investments, application startups faced declining funding and challenges in securing customers. Large transactions constituted most of the total funding, highlighting a disparity in investment distribution.
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India’s rich pivot to real estate after stock returns falter
Investors in India are increasing their allocations towards high-yielding assets in real estate and logistics. Recent data shows a significant rise in investments through Alternative Investment Funds, nearly doubling in recent years. Family offices are now directing larger portions of their portfolios toward private credit and infrastructure while moving away from traditional investments. Specialized funds are attracting wealthy investors who want exposure to completed assets.
Electronics Inc runs ops update to build AI infra
India’s electronics manufacturers are moving into AI data centre infrastructure, targeting optical transceivers, advanced packaging and specialised cooling systems. Dixon Technologies, Samsung, LG, Blue Star and PG Electroplast are exploring production opportunities as global demand rises. The shift could attract investment, improve margins and strengthen India’s position as an export hub.
AI stocks: Are the days of easy money over? Aswath Damodaran warns investors of a new market reality ahead of Anthropic IPO
NYU professor Aswath Damodaran warns that broad-based gains from AI stocks may be fading as investors become more selective. He highlights diverging business models, rising infrastructure costs, uncertain monetisation and valuation risks, urging greater investment discipline.
TSMC to invest up to $1 billion in Anthropic, OpenAI
TSMC is set to invest up to $1 billion in the AI landscape, directing $500 million each to Anthropic and OpenAI. As Anthropic prepares for its IPO, this financial move by TSMC underscores its belief in a booming AI industry. With surging demand for AI chips, TSMC also aims to enhance its production capabilities, reinforcing its role in evolving AI infrastructure.
TSMC to invest up to $1 billion in Anthropic, OpenAI
The company is positioning itself to benefit not only from supplying AI infrastructure, but also from owning stakes in some of the industry's most influential developers. TSMC's board approved on Tuesday an investment of up to $500 million to acquire shares in Anthropic at its initial public offering price, and an investment of up to $500 million to acquire preferred stock in OpenAI.
Adani Group to invest more than $120 billion in capex over five years: Report
The Adani Group is poised to infuse over $120 billion into capital projects within the next five years, predominantly channeling funds into the energy sector, transport, and logistics. With about 70% allocated to energy, and 20% to transport and logistics, this substantial investment aims to double the group's asset base and generate core earnings ranging from 2.6 to 3 trillion rupees.
Resolven mobilises USD 900 million financing this year
Resolven has successfully mobilised USD 900 million in financing from 15 diverse lenders this year. The funds consist of USD 700 million in debt financing and USD 200 million in non-fund lines. Earlier this year, the company became an independent renewable energy entity focusing on growth projects. It aims to expand renewable capacity significantly, targeting more than 1.5 GW annually by 2030.
Wall Street brokerages call AI stock selloff overdone, see buying opportunity in tech stocks
Wall Street brokerages Morgan Stanley, UBS and HSBC consider the recent AI stock selloff excessive, maintaining confidence in long-term investment prospects. Analysts expect Nvidia earnings, Anthropic's potential IPO and continued data centre spending to drive market sentiment, viewing regulatory concerns as unlikely to derail the broader artificial intelligence investment cycle.
AMD stock today surges 12% after Oppenheimer upgrades Advanced Micro Devices, while Nvidia slides amid board investigation report
AMD stock price today: AMD shares surged more than 12% on Monday after Oppenheimer upgraded the stock and set a $600 price target. A Google Cloud partnership, strong data centre growth and CEO Lisa Su’s confidence in AI chip demand also supported the rally, even as Nvidia faced a separate investigation involving its CEO.
Growing demand, demographics, digital agenda & energy security are long-term and secular tailwinds for India: Macquarie’s Ed Northam
Head of green Investments for the Australia’s largest asset manager said the firm is looking to reboot its India operations. While renewables will remain the biggest focus, industrial energy transition and E-mobility will be other key areas, he said. Since 2005, Green Investments group has deployed over $21 billion across 94 investments worldwide.
Norway reins in data centre industry amid AI boom
Norway produces more power than it consumes and is a net exporter, but recent projections show that demand from new data centres could lead to an energy deficit and rising electricity prices in the coming years.
SoftBank to face scrutiny of AI strategy at second-quarter earnings after selloff
SoftBank Group is on the brink of unveiling its quarterly earnings, navigating a turbulent landscape marked by challenges in the artificial intelligence sector and looming regulatory issues. The company's heavy investments in AI, alongside setbacks like a thwarted acquisition, have sparked skepticism among investors. Predictions indicate earnings could be highly unpredictable, with net profit estimates varying significantly, highlighting ongoing financial instability.
AI power rush sends data centres hunting for used turbines and jet engines
Utilities and developers are increasingly looking for second-hand gas turbines as new equipment takes longer to produce. Orders for gas turbines are significantly outpacing manufacturing capacity and are projected to reach 129 gigawatts. The AI data centre boom is driving demand and leading to higher prices for gas turbine equipment.
IT firms with lower capital requirements may gain as investors shift focus to AI monetisation: Report
Information technology (IT) companies capable of monetising enterprise adoption of artificial intelligence (AI) without making substantial capital investments could gain an advantage as investors increasingly differentiate between businesses funding AI infrastructure and those generating returns from its adoption, according to a report by Anand Rathi.
Delhi sees luxury housing boom as developers bet on high-rise gated communities
The luxury real estate sector in Delhi is witnessing a notable uptick as homebuyers show heightened interest in upscale flats and secure communities. Recently, the NBCC achieved remarkable sales of luxury units in Chanakyapuri, surpassing their initial price expectations. Meanwhile, major developers such as DLF and TARC are set to unveil innovative residential projects, maximizing redevelopment opportunities in key urban areas.
Gas hunt: RIL, ONGC, BP may share $1-billion infra facility
The shared infrastructure, under the $1-billion plan, model aims to reduce development costs, eliminate standalone facilities for smaller discoveries and improve operational efficiency and commercial viability.
Anthropic wants to create new billionaires through its IPO, but American voters are growing tired of Big Tech's wealth explosion
Anthropic is preparing for a significant IPO amid growing public resistance to AI-related infrastructure projects. Investors are discussing a valuation between $1 trillion and $1.5 trillion for the Nasdaq listing. Communities express concerns over environmental impacts and rising electricity costs linked to data centres. Public sentiment is shifting against technology companies, raising questions about economic benefits versus local costs.
Google acquires Wyoming data center site from AI infrastructure firm Crusoe
Google has acquired Crusoe's data center site in southeast Wyoming, the AI infrastructure developer said on Friday, a day after the Alphabet unit announced a $17-billion investment in the project.
Is Cathie Wood betting on the next stage of the AI boom amid Wall Street’s tech stock crash, buying SpaceX and Nvidia while selling $120 million in Broadcom stock?
Cathie Wood is buying AI stocks while Wall Street is selling them. ARK Invest purchased nearly $49 million in SpaceX and $46 million in Nvidia after Thursday’s tech sell-off wiped out more than $3 trillion in US market value. But it sold $119.7 million in Broadcom and $20 million in CoreWeave. The contrasting trades raise questions about Wood’s AI strategy.
SoftBank credit risk jumps to 4-year high as AI fears roil market
The cost of insuring against a default for tech investor SoftBank Group jumped to its highest in four years on Friday as worries about AI profitability roiled the world's financial markets.
Trump-linked crypto assets slip up to 16%, AI data centre stocks slide after Democrats' US midterm win
Trump-linked cryptocurrencies tumbled up to 16%, while shares of Bitcoin miners transitioning into AI data centre businesses slumped as Democrats' strong midterm performance rattled investor sentiment. Concerns over tighter regulations, potential construction delays in Texas and rising financing costs weighed on companies betting on the AI infrastructure boom.
Aartas CliniShare to add 20,000 sq. ft of co-working space
Aartas CliniShare aims to add 20,000 sq. ft. of healthcare infrastructure across Delhi NCR by the financial year-end. The company is focusing on Noida, West Delhi, and North Delhi for its expansion efforts. Aartas CliniShare operates on a managed OPD infrastructure model to serve various healthcare enterprises.
India cybercrime agency warns financial firms on AI attacks
"These attacks are financially motivated and are being carried out with the help of Artificial Intelligence (AI) agents leading to machine speed compromise," the Indian Cybercrime Coordination Centre said in an advisory made public on Wednesday.
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