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New Delhi [India], May 24 (ANI): <keyword id="21790772" type="General" weightage="20" keywordseo="Indias-data-centre-industry" source="Orion">India's data centre industry</keyword> to attract an investment of USD 5.7 billion by 2026 amid the growing demand for <keyword id="19899640" type="General" weightage="20" keywordseo="AI" source="keywords">AI</keyword> (<keyword id="107950" type="General" weightage="20" keywordseo="artificial-intelligence" source="Orion">Artificial Intelligence</keyword>), says a report by real estate and investment management company, JLL. The report highlights that India's <keyword id="13391374" type="General" weightage="20" keywordseo="data-centre-industry" source="Orion">data centre industry</keyword> will add 791 MW capacity by 2026 and this expansion will lead to a demand of 10 million sq. ft of real state space. "The <keyword id="126804" type="General" weightage="20" keywordseo="data-centre" source="Orion">Data Centre</keyword> (DC) industry in India is set to witness remarkable growth, with projections of adding 791 MW capacity by 2026. This expansion will drive demand for 10 million sq. ft. of real estate space, attracting investments worth USD 5.7 billion" said the report. A data center is a facility that centralises an organisation's IT operations and equipment to store, process and transfer data and applications. The report highlights that growth in computing power and the resulting new applications are expected to drive strong demand for DC industry over the medium term. The expected demand of the Indian data centre industry to reach 650-800 MW during 2024-26. The surge in demand for data centres is primarily fuelled by the increasing adoption of Artificial Intelligence (AI). The report points out that Cloud Service Providers (CSPs), who essentially offer IT infrastructure systems primarily for data storage and computing power accessible through the Internet, have realigned their requirements to factor in AI-led demand. The CSPs have also announced higher investments to scale up AI-led growth. "The exponential growth in processing power and data volumes, driven by AI, necessitates the development of new data centres capable of meeting energy, processing, and cooling needs. The anticipated expansion and progression of diverse AI disciplines are projected to create additional demand for data centres, expanding their capacity requirements and advancing their capabilities" said Rachit Mohan, Head, Data Centre Advisory, India, JLL. According to the report in the second half of 2023, there was a 12 per cent increase in absorption to 81 MW compared to 72 MW during the same period last year. This growth can be attributed to cloud service providers (CSP) gaining momentum after a brief hiatus during the first half of 2023. In Mumbai, absorption nearly doubled during this period as CSPs renewed their pace of absorption. "India is poised to be the third-largest economy, with a projected USD 5 trillion GDP by 2027 with digital economy contribution of around 20 per cent. This digital expansion is anticipated to propel the growth of India's data centre industry, projected to increase from 853 MW in 2023 to 1,645 MW by 2026," said Dr. Samantak Das, Chief Economist and Head of Research &amp; REIS, India, JLL. There was a lower supply addition of 75 MW during H2 2023 as the available supply from the first half was utilised to meet the demand, resulting in tighter vacancy levels of 5.5 per cent. With a large user market, talented workforce, and thriving startup ecosystem, India presents a significant opportunity to emerge as a global data hub, driven by sustainable practices. The country's DC sector expanded from 350 MW in 2019 to 854 MW in 2023, in line with the increasing digital usage trends.

Amid growing demand for AI, India's Data Centre boom to drive USD 5.7 billion investments by 2026: JLL

<keyword id="6354287" type="DOMAIN" weightage="20" keywordseo="bharti-airtel">Bharti Airtel</keyword> on Wednesday announced it has received <keyword id="3680175" type="PERSON" weightage="20" keywordseo="empanelment">empanelment</keyword> by <keyword id="6480513" type="COMPANY" weightage="20" keywordseo="computer-emergency-response-team">Computer Emergency Response Team</keyword> (CERT-In)  <keyword id="11021626" type="UNKNOWN" weightage="20" keywordseo="national-incident-response-centre">national incident response centre</keyword> for cyber incidents across the country. With this empanelment, <keyword id="15491" type="DOMAIN" weightage="20" keywordseo="Airtel">Airtel</keyword> will be able to offer its cyber security solutions to the union and state governments as well as public sector entities, in addition to corporate customers, the company said in a statement. "The <keyword id="6433708" type="ORGANIZATION" weightage="20" keywordseo="CERT">CERT</keyword> empanelment is a major milestone in our journey to becoming the preferred partner for enterprises when it comes to security, which is a top priority in today's digitally connected world," said Ajay Chitkara, Director &amp; CEO  Airtel Business. Airtel is providing end-to-end managed security services to enterprise customers under Airtel Secure. The telecom operator has set up a security intelligence centre with access to advanced technology and artificial intelligence/machine learning tools to track and mitigate potential online threats. Airtel Secure has created a comprehensive solutions portfolio through strategic partnerships with global leaders such as Cisco, Radware, VMWare, and <keyword id="3343784" type="COMPANY" weightage="20" keywordseo="Forcepoint">Forcepoint</keyword>. Airtel added 4.05 million wireless subscribers in December to take its base to 338.70 million. SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/inside-ritesh-agarwals-family-office-aroa-ventures-and-its-early-investments/articleshow/81772098.cms">EXCLUSIVE: Inside Ritesh Agarwal’s family office and its early investments</a> <a href="https://www.businessinsider.in/stock-market/news/how-to-check-allotment-status-for-barbeque-nation-ipo/articleshow/81771792.cms">Barbeque Nation IPO – How to check allotment status, listing date and more</a> <a href="https://www.businessinsider.in/business/news/xiaomi-plans-to-enter-the-electric-vehicle-business-with-an-investment-outlay-of-10-billion/articleshow/81772965.cms">Xiaomi forays into the electric vehicle business with a $10 billion subsidiary</a> <a href="https://www.businessinsider.in/business/ecommerce/news/amazon-is-eyeing-india-startups-as-it-gears-up-for-a-fight-with-asia-richest-man-in-retail/articleshow/81773692.cms">Amazon is eyeing India's startups as it gears up for a fight with Asia's richest man in retail</a>

Airtel gains CERT-In empanelment — will now be able to offer its cyber security solutions to the Indian government and its companies

<ul class="summary-list"><li>Tensions in Greater China have led analysts to warn that many businesses can move from Hong Kong to <keyword id="6356662" type="UNKNOWN" weightage="60" keywordseo="singapore">Singapore</keyword>. </li><li>China approved a law on Thursday that tightens its grip over Hong Kong, seen as a violation of Hong Kong's "one country, two principle" systems. </li><li>Hong Kong ranked as the world's sixth-largest financial center in 2020 and Singapore took the fifth position.</li><li>Analysts say Singapore could overtake Hong Kong if it loses lucrative business. </li><li>Singapore is facing its worst recession since Independence and expects GDP to drop as much as 7% in 2020.</li></ul>Hong Kong, currently the world's sixth-largest financial center, may struggle to retain its position as companies consider moving to neighboring Singapore to escape the wrath of a new Chinese draconian law, analysts say. If realized, the prediction will be a blow to Hong Kong after months of political turmoil that has rocked the region.On Thursday, China approved a new law that targets subversion of state power, terrorism activities, and foreign interference in the former British colony.The US responded by declaring it no longer considers Hong Kong to be autonomous from China. So far, <a href="https://markets.businessinsider.com/news/stocks/stock-market-news-today-stocks-hong-kong-law-china-stimulus-2020-5-1029241493">stock reaction has been muted</a>, but analysts question Hong Kong's long-term ability to stop the decline of its financial hub. <h2>Why Singapore is braced to win from this </h2>The 27th edition of the global<a href="https://www.longfinance.net/programmes/financial-centre-futures/global-financial-centres-index/gfci-27-explore-data/gfci-27-rank/"> Financial Centres Index (GFCI) ranked</a> Hong Kong marginally behind Singapore, the world's fifth-largest financial center in 2010.GFCI ranked Singapore as fourth-biggest in 2019, a position it lost in this year's ranking.But analysts think Singapore is set to outperform Hong Kong significantly and the gap between both countries' rankings could widen further.Arthur Dong, a professor at Georgetown University's McDonough School of Business, said: "The bill will accelerate the decline or demise of Hong Kong as one of the world's biggest financial centers."Dong added: "Hong Kong's status as East Asia's premier financial center is supported by Hong Kong's unique status under "one country two systems" granted by China during the 1997 handover from Britain to China."He pointed out two factors that have secured Hong Kong's global financial center is the protection of property rights and predictability, adding that the law violates both principles. Dong is not alone. Read more: <a href="https://www.businessinsider.com/stock-market-bubble-forming-cheap-hedging-strategy-bank-of-america-2020-5?r=US&amp;IR=TIR=T" target="_blank" rel="noopener noreferrer">Bank of America says a new bubble may be forming in the stock market — and shares a cheap strategy for protection that is 'significantly' more profitable than during the past 10 years</a>Dr Ying Wu, Assistant Professor at School of Business at Stevens Institute of Technology, said: "This April, we already noticed a dramatic down drop of almost 100 billion dollars of the global capital out of emerging <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword>, including China, from all around the world. "Dr Wu said: "The bill has strengthened the expectation that money would further be leaving the Asian financial hub, such an important bridge between China economic engine and the rest of the world."As of March, she pointed out that foreign currency deposits at both domestic and international banks operating in Singapore have nearly doubled since July, totaling $15 billion."Although it is not disclosed where the capital comes from economists perceive it is the signal that money has started to flow out of the city and into Singapore, another regional safe haven," Dr Wu added. Jeffrey Halley, senior market analyst, Asia-Pacific at OANDA, said: "The big winner out of this could be Singapore if we do see an exit of companies from Hong Kong. "If Hong Kong is imposing Chinese law by the backdoor in Hong Kong, it questions why companies need to be in Hong Kong. "If they don't want to be under Chinese law but want to be more under a Western legal system, then they may as well go to Singapore," Halley added. But Hernando Gomez, principal-in-charge of the business valuation division at MBAF, thinks it may not be that easy for Singapore to snatch business from Hong Kong, as the island is facing its worst recession in the history of its independence. Read more: <a href="https://www.businessinsider.com/25-stock-picks-to-buy-hedge-fund-favorites-outperformance-ytd-2020-5?r=US&amp;IR=TIR=T" target="_blank" rel="noopener noreferrer">GOLDMAN SACHS: Buy these 25 stocks that are wildly popular with hedge funds — and have crushed the market this year</a>"One could say that some rival cities like Singapore or Shanghai may benefit from the chaos but unfortunately, under the current circumstances, I do not see that many winners as the city has been dragged into a recession."The <keyword id="1754604" type="PERSON" weightage="60" keywordseo="coronavirus">coronavirus</keyword> pandemic has ravaged two of Singapore's key industries, tourism and shipping. The country's trade ministry <a href="https://markets.businessinsider.com/news/stocks/singapore-economy-shrink-7-percent-2020-coronavirus-hits-tourism-shipping-2020-5-1029232310">warned this week the economy could contract as much as 7%</a> this year and 4% in a best-case scenario. Previous growth forecasts for the country lay between -4 to -1%, But Halley added: "I can only see Singapore progressing. Singapore is also pushing very hard for financial centers to put data centers there. Most of the world's financial data runs between three hubs Tokyo, London, and New York.""Now they are starting to put huge data hubs also in Singapore. Hong Kong has been competing for some of that business as well but I don't see how they are going to be competitive if Hong Kong is against the Great Firewall of China."<h2>Part of Hong Kong still shows hope </h2>But Hong Kong's stock exchange group received a boost as it was able to snatch a key derivatives licensing agreement from Singapore after 23 years, this Wednesday. It paves the way for Hong Kong Exchanges and Clearing to offer options and futures from June based on 37 of MSCI's equities indices. So there may be a light at the end of the tunnel for Hong Kong. Whether the US slaps sanctions against the former British colony or China may ultimately determine how much better Singapore ranks as a financial hub relative to Hong Kong.Read the original article on <a href="https://www.businessinsider.com/singapore-hong-kong-financial-hub-chinese-law-ranking-2020-5">Business Insider</a>

Singapore's financial centre will emerge as big winner of a draconian Chinese law

If you think <keyword id="10387" type="CITY" weightage="60" keywordseo="Microsoft">Microsoft</keyword>’s prolonged search for the next <keyword id="5645" type="POSITION" weightage="100" keywordseo="CEO">CEO</keyword> is getting a bit nutty, especially with a disgruntled <keyword id="62333" type="PERSON" weightage="60" keywordseo="Steve-Ballmer">Steve Ballmer</keyword> waiting on the sidelines to hand over the mantle, you are not far from the truth. But then, that is the actual state of the coveted C-Suite nowadays – volatile is the right word if you want to sum it up. There is no job security at the top and even the best performer for years can get redundant within the span of a few weeks. The issues could be many – right from <keyword id="646347" type="UNKNOWN" weightage="100" keywordseo="poor-performance">poor performance</keyword> to <keyword id="610960" type="UNKNOWN" weightage="100" keywordseo="business-restructuring">business restructuring</keyword> to alleged <keyword id="6375736" type="UNKNOWN" weightage="100" keywordseo="corruption-charges">corruption charges</keyword>. But the biggest factor is relevance, a perfect future-fit that can take companies ahead, according to <keyword id="67736" type="UNKNOWN" weightage="100" keywordseo="Industry-experts">industry experts</keyword>. In a difficult <keyword id="34412" type="ORGANIZATION" weightage="100" keywordseo="economy">economy</keyword>, companies are compelled to twist and turn to keep track of profitability and their requirements change accordingly. Hence, their leaders have to adapt, shape up or ship out, as the case might be. 
 India is no exception and business leaders across the country have been frequently ‘released’ by industry giants. Many of them leave with ‘immediate effect’ while others are on garden leave or worse still, waiting for their predecessors to turn up (just like Ballmer). Yet, most of the C-Suite executives are tight-lipped about their departures, at least here in India. We are yet to come across an announcement like the one made by <keyword id="384914" type="PERSON" weightage="60" keywordseo="Groupon">Groupon</keyword>’s founder and former CEO <keyword id="488139" type="PERSON" weightage="60" keywordseo="Andrew-Mason">Andrew Mason</keyword>. But exit happens all the same – be it discreet or blatant. Here’s a quick look at some of the top-notch C-Suite executives from India who parted ways with their respective companies in 2013, their official exit lines and what happened behind the scene.

Strife At The Top: These
11 C-Suite Execs From India
Were ‘Let Go’ In 2013

New Delhi, Apr 1 () To meet additional requirement of foodgrains amid COVID-19 outbreak, the Centre on Wednesday allowed states to directly purchase a fixed quota of wheat and rice from state-run FCI depots without participating in an e-auction under the open market sale scheme (OMSS). As of now, the Food Corporation of India (FCI) has allocated a fixed quota of 79,027 tonnes of wheat for eight states and 93,387 tonne of rice for six states for this purpose, an official statement said. The allocation has been made to meet any requirement over and above the National Food Security Act and additional allocation under the Pradhan Mantri Garib Kalyan Yojana, it said. Normally, the FCI sells wheat to empanelled bulk consumers and state governments through e-auctions under OMSS to ease the supply constraints in the market. "In view of outbreak of COVID-19, apart from regular e-auction, district magistrate/collectors have been authorised to lift directly from the FCI depots at OMSS reserve price to cater to the needs of roller flour mills and other wheat product manufacturers," the Food Ministry said. About 79,027 wheat has been allotted to eight states. Of which, 35,675 tonnes for Uttar Pradesh, 22,870 tonne Bihar, 11,500 tonne Himachal Pradesh, 4,190 tonne Haryana, 2,975 tonne Punjab, 1,000 tonne for Goa, 375 for Uttarakhand and 342 tonne for Rajasthan, it said. Considering the emergent situation, the government said, states have been allowed to take rice under the OMSS at Rs 22.50 per kg without participating in e-auction. So far, 93,387 tonne has been allocated for six states, of which Rs 50,000 tonne to Telangana, 16,160 tonne to Assam, 11,727 tonne to Meghalaya, 10,000 tonne to Manipur, 4,500 tonne to Goa and 1,000 tonne to Arunachal Pradesh. Otherwise through e-auction under the OMSS, FCI has received bids for 1.44 lakh tonne of wheat and 77,000 tonne of rice till March 31. "Even in this challenging operational environment, FCI is able to meet the increasing demand of foodgrains by gearing up the pace of supply of wheat and rice throughout the country, mostly by rail," the government said. FCI has moved 352 rakes carrying 9.86 lakh tonne of food grains since the lockdown on March 24. Total 53 rakes carrying 1.48 lakh tonne were loaded on Wednesday, it said. Till March 31, the FCI had 56.76 million tonne of foodgrains, out of which rice was 30.7 million tonne and wheat 26.06 million tonnes. LUX SHW DRRDRR

You Searched For "State Emergency Operation Centre SEOC" and got 5 results

Amid growing demand for AI, India's Data Centre boom to drive USD 5.7 billion investments by 2026: JLL

ANI

Airtel gains CERT-In empanelment — will now be able to offer its cyber security solutions to the Indian government and its companies

IANS

Singapore's financial centre will emerge as big winner of a draconian Chinese law

Saloni Sardana

Strife At The Top: These 11 C-Suite Execs From India Were ‘Let Go’ In 2013

Sanghamitra Mandal

States can buy fixed quota of grains directly from FCI depots without bidding under OMSS: Centre

PTI

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