CapitaLand India signs MoU with MIDC for setting up Data Centres in Navi Mumbai

CapitaLand India DC team has signed an MoU with the Maharashtra Industrial Development Corporation (MIDC) at the DubaiExpo to set up datacentres in Navi Mumbai. CapitaLand’s first data centre in Navi Mumbai is a state-of-the-art Greenfield project spread over 6.6-acres, to be developed in two phases. Previously, CapitaLand had announced the completion of the stage 1 acquisition of its […]

Google outlines Huge Hyperscale plans: Opens Regions in 4 Continents

In a development which signifies a significant push to cloud computing, Google Cloud has expanded its infrastructure globally. Google has announced the launch of Dammam as the location for its cloud region. As we prepare for launch, we will start hiring out of a Riyadh-based office to support the cloud region’s deployment and operation, the […]

Mobile-based payments exceeded ATM transactions in India 2020: Narendra Modi

India’s Prime Minister Narendra Modi said that technology is bringing a big shift in the world of finance and last year mobile based payments exceeded ATM transactions. Addressing delegates at the InFinity Forum, a thought leadership forum on fintech, PM Modi said that technology has catalysed financial inclusion. “From less than 50 per cent Indians having bank accounts in 2014, […]

Digital Edge Acquires 5 data centre assets from Itochu Techno-Solutions for US$230 million

Digital Edge (Singapore) Holdings Pte. Ltd. (“Digital Edge”), today announced the acquisition of five data centre assets from Itochu Techno-Solutions (CTC) for a total purchase price of approximately US$230 million (JPY26 billion), This is Digital Edge’s largest single investment in Japan till date. Through this acquisition, Digital Edge has added a further 5,000 cabinets and […]

India’s Tech spending to total $198 billion in 2022: Gartner

In 2022, IT spending in India is forecast to total $101.8 billion, an increase of 7 per cent from 2021. Around 64 per cent of survey respondents from India will spend additional budget on cyber and information security projects (64 per cent of survey respondents) and 56 per cent will decrease their spending on legacy […]