The Indian data centres market, which is expected to grow 40 per cent a year and draw USD 5 billion in investments by 2025, is heating up with Reliance s entry to rival Gautam Adani s Adani Group and Sunil Mittal s Bharti Airtel Ltd. in recent months.
The joint venture will start the 20-megawatt greenfield data centre in Chennai next week and has also acquired 2.15 acres of land in Mumbai to build another 40-MW data centre
Billionaire Mukesh Ambani on Sunday said his firm Reliance Industries in partnership with Canada s Brookfield will open a data centre in Chennai next week, marking entry into the fast-growing market
According to a recent study by the International Monetary Fund (IMF), corporate zombification is on the rise globally, leading to negative effects on healthy firms. In India, the focus on addressing zombie firms was temporarily abandoned during the COVID-19 pandemic, allowing these unviable businesses to continue operating. This has resulted in a duopoly emerging in sectors such as telecommunications and aviation, benefiting dominant players like Jio Infocomm and IndiGo.
Zombie firms are rising up again in India deccanherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from deccanherald.com Daily Mail and Mail on Sunday newspapers.