India’s data centre industry is experiencing an unprecedented boom, driven by the adoption of artificial intelligence (AI), 5G networks, and cloud computing. With investments in the sector expected to reach $10 billion by 2026, the country is rapidly becoming a global hub for data-driven
The Ministry of Coal finalized agreements with the successful bidders for three coal blocks on November 22, 2024. This milestone contributes to the ongoing success of India’s commercial coal mining initiative, launched by Prime Minister Narendra Modi. To date, 104 coal blocks have been successfully auctioned under this initiative, with the latest agreements covering fully
The International Criminal Court (ICC) has issued an arrest warrant against Israeli Prime Minister Benjamin Netanyahu, accusing him of alleged war crimes in Gaza. This unprecedented move has led to sharp divisions among world leaders, with some applauding the decision as a step towards justice, while others view it as politically motivated. Allegations Against Netanyahu
The United States Securities and Exchange Commission (SEC) has accused Gautam Adani of offering bribes to secure solar power procurement deals, particularly through discussions with Andhra Pradesh Chief Minister Jagan Mohan Reddy in August 2021. These claims, part of the SEC’s court filings, allege Adani sought to address the state’s hesitancy to finalize agreements
North Korean leader Kim Jong Un has accused the United States of escalating tensions on the Korean peninsula to unprecedented levels, claiming the region faces the gravest risk of nuclear war in history. His remarks were delivered during a military exhibition in Pyongyang on Thursday, as reported by state media outlet KCNA. “Unchanging Aggression” From […]
Indian billionaire Gautam Adani has been charged in the United States for his alleged involvement in a $250 million bribery scheme related to a solar project, marking a significant legal challenge for the industrial magnate. Bribery Allegations in Solar Energy The US Department of Justice (DOJ) has accused Adani of orchestrating a plot to bribe […]
Tax relief announced for India’s middle class by the government has been overshadowed by the persistent challenge of rising inflation. Despite a hike in the tax exemption limit, middle-income families are finding it difficult to offset the increased cost of living, particularly in key areas like food, healthcare, and education. Exemption Limit Hiked, But Inflation […]
India’s petroleum imports climbed 7.7% year-on-year in the first seven months of FY25, reaching 147.24 million tonnes, according to recent government data. The increase comes as the country grapples with a decline in domestic crude oil production, which has dropped by 0.9% compared to the previous year. Rising Energy Demands and Declining Output From April […]
State Bank of India (SBI), the country’s largest public sector lender, is set to open 500 new branches by the end of the financial year 2025, Finance Minister Nirmala Sitharaman announced during a recent address. The expansion will bolster SBI’s already extensive network, which currently stands at approximately 22,500 branches across India. Strengthening Financial
The Ministry of Electronics and IT has announced that Tata Semiconductor Assembly and Test Pvt Ltd’s Rs 27,000 crore semiconductor manufacturing plant in Morigaon, Assam, is on track to be completed by mid-2025. The facility is expected to revolutionize India’s semiconductor ecosystem with its ability to produce up to 48 million chips daily, leveraging advanced […]