HYDERABAD: Canada Pension Plan Investment Board (CPP Investments) has committed an investment of up to ₹7,000 crore (C$1 billion) in Hyderabad-based CtrlS Datacenters Ltd as demand for cloud, hyperscale and artificial intelligence-ready datacentre capacity accelerates in India’s digital infrastructure sector.As part of this, CPP Investments already picked up an 8.2% stake in CtrlS for 4,000…
The country’s installed power generation capacity has crossed 530 GW and is expected to reach nearly 600 GW next year, driven by rapid additions in renewable energy, thermal power and battery storage, a senior Power Ministry official said on Wednesday.Aadhar Raj, Joint Secretary in the Ministry of Power, said the country’s electricity sector continues to…
The National Stock Exchange has formally restarted its long-delayed journey to the stock market, filing draft papers with Sebi for an estimated $2-3 billion initial public offering nearly nine years after its first listing attempt was derailed by the co-location controversy, according to an ET report.The draft red herring prospectus (DRHP) proposes an offer for…
G7 leaders on Wednesday agreed to strengthen cooperation to reduce their dependence on China for critical minerals, unveiling plans to coordinate stockpiling, boost recycling and create a new platform with an expanded role for the International Energy Agency (IEA).The move comes as Western nations seek to secure supplies of minerals crucial for defence, artificial intelligence,…
India has secured protection for a majority of its steel exports to the UK under the India-UK free trade agreement, with 85% of outbound shipments remaining outside Britain’s upcoming steel safeguard measures, according to an official statement issued on Wednesday, PTI reported.The announcement comes as India and the UK prepare to operationalise their Comprehensive Economic…
Kevin Warsh (AP file photo) US Federal Reserve chairman Kevin Warsh-led FOMC on Wednesday kept the key interest rate unchanged in the 3.5% to 3.75% range. This is Kevin Warsh’s first policy review after taking over from Jerome Powell as US Federal Reserve chair.“The Committee decided to maintain the target range for the federal funds…
New Delhi: Petroleum and Natural Gas Regulatory Board (PNGRB) has urged oil and gas companies to review and strengthen their compensation policies beyond statutory requirements to ensure adequate support for families of workers killed or permanently disabled in accidents.While several companies have already enhanced their voluntary compensation packages following its interventions and continued follow-up, the…
China’s booming exports are emerging as a major concern for Europe, with leaders of the Group of Seven (G7) economies discussing ways to address growing trade imbalances amid fears of a new “China Shock” hitting European industry, according to news agency AP.After years of US tariffs aimed at curbing Chinese manufacturing dominance, Beijing has continued…
Operating profits of Indian airlines are expected to decline 10-15 per cent this fiscal year as elevated aviation turbine fuel (ATF) prices, airspace restrictions and rupee depreciation caused by the Middle East conflict weigh on the sector, a Crisil report said on Wednesday.The rating agency estimated that the combined operating profit of domestic airlines could…
US President Donald Trump on Wednesday signalled progress in ongoing trade negotiations with India, saying the two sides were close to finalising an agreement.“We are very close to the deal,” Trump told reporters when asked about the proposed India-US trade pact on the sidelines of the G7 Summit.The remarks come amid intensified negotiations between New…