India to see Rs 1.5 lakh cr worth investment in data centres in next 6 years

New Delhi (IANS) Amid the growing data localisation demand in India, the country is likely to witness 4,900-5,000 MW of capacity with an investment of Rs 1.5 lakh crore in the next six years, a report showed on Tuesday.

The industry revenues…

India's GDP growth in FY23 to be 7%, FY24 at 6%: Acuite Ratings

Chennai (IANS) Credit rating agency Acuite Ratings and Research on Monday reiterated India's gross domestic product (GDP) growth estimate for FY23 at 7 per cent.

It also anticipates the economic growth trajectory in FY24 to slip to 6 per…

India sees 10-spot jump in median mobile speeds globally

New Delhi (IANS) As 5G roll-out picks up speed thanks to Reliance Jio and Airtel, India climbed 10 spots for median mobile speeds globally in the month of January, from 79th position in December to 69th, a report said on Monday.

The country…

Courts should strike balance between environment & development: Justice Sikri

New Delhi (IANS) Development cannot be sacrificed only for the sake of environment, though the importance of the latter cannot be underestimated keeping in mind the interests of the current and future generations, former Supreme Court judge, Justice…

Serum Institute to set up CoE for Infectious Diseases and Pandemic Preparedness in Hyderabad

Hyderabad (IANS) Serum Institute of India on Sunday announced the establishment of a Dr Cyrus Poonawalla Centre of Excellence in Infectious Diseases and Pandemic Preparedness at Hyderabad.

This centre will be located at Indian Institute of…

Ola group to invest Rs 7,614 cr in TN for lithium ion cell, EV cars

Chennai (IANS) Electric vehicle (EV) player Ola Electric Mobility Private Ltd. has signed a Memorandum of Understanding (MoU) with the Tamil Nadu government to invest Rs 7,614 crore to make EV cars and lithium ion cells in the state.

According…

India's forex reserves post biggest weekly fall in 11 months

New Delhi (IANS) India's foreign exchange reserves fell by $8.3 billion to $566.95 billion in the week ended February 10 -- its biggest weekly fall in 11 months.

According to data released by RBI on Friday, the reserves are at their lowest…

Qatar lifts ban on frozen seafood from India

Kochi (IANS) Qatar has lifted its temporary ban on the import of frozen seafood from India, paving the way for enhanced exports to the Gulf nation, officials said on Friday.

The ban was imposed in November last year, just ahead of the FIFA…

Lenovo logs $400 mn quarterly revenue across portfolios in India

New Delhi (IANS) Global technology company Lenovo Group on Friday reported revenue of $15.3 billion and net income of $437 million in the third quarter (Q3) of FY22-23, signalling strong momentum for its services and solutions business.

With…

Apple among top 5 PC makers in India in holiday quarter, logs 11% growth

New Delhi (IANS) Despite India PC market facing a steep decline in the holiday quarter, Apple managed to break into the top 5 PC vendors in the country for the fourth quarter of 2022, a report showed on Thursday.

Apple has been consistently…