Global private equity investors and asset managers are readying for billions of dollars worth of M&A and investments linked to data centres in Asia Pacific, as the artificial intelligence (AI) boom fuels demand for digital infrastructure. The intense pace of deals in the world's most populous region comes as countries and companies respond to booming demand for AI, calling for more data capacity, industry executives said. Asia Pacific, including Japan, has led dealmaking activities in the global...
Omnichannel eyewear retailer Lenskart saw its consolidated operating revenue more than double to Rs 3,788 crore in FY23 from Rs 1,502 crore a year earlier. The Gurugram-based company reduced its losses from Rs 102 crore in FY22 to Rs 64 crore in FY23. Total expenses also increased in line with the growing scale of the company, coming in at Rs 4,025 crore in FY23 compared to Rs 1,726 crore in the year-ago period. Notwithstanding the loss on a net basis, Lenskart reported earnings before interest,...
Ugro Capital, a non-banking finance company catering to small and medium businesses, has raised fresh capital of Rs 1,322 crore from a mix of new and existing investors and family offices through compulsory convertible debentures and warrants.Samena Capital led the round injecting Rs 500 crore, while hedge fund Aregence, along with family offices, also committed capital, the company said in a filing with the stock exchanges Thursday.Ugro’s founder, board members and management collectively...
In 2023, the region's data center deals hit a record high of $3.45 billion
The overall remuneration of Tata Consultancy Services (TCS) CEO and MD K Krithivasan in FY24 was Rs 25.2 crore, slightly less than former CEO Rajesh Gopinathan’s at Rs 29.16 crore in FY23.However, it is to be stated that Krithivasan’s remuneration “includes compensation for the full year, i.e. as Global Head of Banking, Financial Services and Insurance (BFSI) for April 1, 2023 to May 31, 2023 and as CEO and MD from June 1, 2023 to March 31, 2024”, reads the annual report of TCS that the company...
The Congress leader, however, said that the amount was not enough for the state’s needs and that his government would continue to fight for arrears.
Studiocanal and Editions Albert Rene have signed an exclusive development agreement that will see a new live-action “Asterix” film based on beloved French comic book character. Created in 1959 by René Goscinny and Albert Uderzo, the series follows the adventures of Asterix and Obelix and their friends who live in a small village in Gaul, […]
Following its newly launched Pulse series smartphones, HMD has now launched a trio of new 4G feature phones with the Nokia 215 4G, 225 4G, and 235 4G. The three devices share similar specs including the Unisoc T107 chipset and S30+ operating system. Nokia 215 4G, 225 4G and 235 4G Nokia 215 4G and 235 4G feature 2.8-inch IPS LCDs with QVGA resolution while the 225 4G gets a slightly smaller 2.4-inch LCD. 215 4G does not get a camera, 225 4G gets a VGA camera on the back while 235 4G...
PLDT is reportedly considering offloading its data centre business to Japan-based NTT Group for a estimated $750 million, as the
Apple reportedly progressed work on developing its own chip to run AI software in its data centres, a project which would be central to a long-awaited strategy for the technology.
PSC to vote on 3 utility projects in Wisconsin generating a combined 650 megawatts of electricity.
Microsoft will open its first regional data centre in Thailand, the tech giant said on Wednesday, as it looks to boost availability of cloud services.The news comes a day after Chief Executive Satya Nadella announced investments worth $1.7 billion investments in artificial intelligence (AI) and cloud facilities in neighbouring Indonesia. The datacenter region will expand the availability of Microsoft’s hyperscale cloud services, the company said in a statement. What that means it that is not...