Tag: Economy

TeraNova DC Targets 2 GW of AI-Ready Data Centres in India by 2032

Singapore-based Hillhouse Investments has launched TeraNova DC, a dedicated data-centre platform that plans to invest $12 billion to $15 billion in India by 2032. With a target of more than 2 gigawatts (GW) of capacity, the platform is set to become one of the largest announced data-centre programmes in the country. TeraNova DC will focus on hyperscale and AI-ready infrastructure. Its proposed locations are Maharashtra,...

Tech Mahindra’s Profit Rises 23.2% as Almost Every Large Deal Now Includes AI

Tech Mahindra’s profit after tax (PAT) rose 23.2% year on year to $166 million in the second quarter of FY27. The company won $1.023 billion in new deals in the quarter, up 25.4% from a year earlier. Deal wins over the past 12 months rose 34.8% from the same period a year before. On the earnings call, CEO and Managing Director Mohit Joshi said...
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₹11.1 Lakh Crore Infra Push in Focus

India's economic growth for the financial year 2025-26 and beyond is expected to be propelled by the Centre’s significant capital expenditure on infrastructure projects,...

IMF Forecasts Economic Hurdles for India in 2025

The International Monetary Fund (IMF) has projected a slightly weaker performance for the Indian economy in 2025, even as global growth remains stable. IMF...

India’s Economy Forecasted to Grow at 6.5% in FY25 Amid Global Uncertainties

India’s economy is projected to reach approximately 6.5% in fiscal year 2024/25, aligning with the lower end of its earlier 6.5%-7% forecast, as global...