ICICI Bank launches new Digital facilities on ‘Money2World’ platform

ICICI Bank announces the launch of new facilities on its online outward remittances platform, ‘Money2World’ (M2W), to provide improved convenience to users including those who do not have accounts with the Bank. One of the new services empowers customers of other banks to complete the KYC (Know Your Customer) process via video conferencing to register themselves on […]

How IndianOil is taking another step towards Digital India

Axis Bank and Indian Oil Corporation Limited (IOCL) in partnership with National Payments Corporation of India (NPCI), have announced the launch of a co-branded contactless INDIANOIL AXIS BANK RuPay Credit Card. Apart from a surcharge waiver at fuel outlets and cashback on fuel spending, the credit card comes with a host of other benefits on everyday transactions […]

T4 Group Collaborates with Invercargill Licensing Trust on New Data Centre

Technology company T4 Group and Invercargill Licensing Trust (ILT), which owns and manages the well-known Ascot Park Hotel in Invercargill, New Zealand, have released a new proposal to construct a data centre located near the hotel, off Racecourse Road. T4 Group confirmed the location of the $50 million Tier IV-quality modular data centre in Southland, […]

DBS Group Research Lowers Keppel DC Reit’s Target Price But Maintains Buy Call

On June 3rd, DBS Group Research lowered Singapore-based Keppel’s DC Reit’s (KDC REIT) target price to S$2.40. This development occurred after the research team lowered its estimates for KDC REIT’s earnings, to adjust for rising utility costs and interest rates. However, DBS continues to maintain its “buy” call on the data-centre focused real estate investment […]

Equinix will invest $86 million in Constructing its 3rd Data Centre in Mumbai

Equinix, one of the leading digital infrastructure companies, has announced an initial investment of over US$86 million to build its third International Business Exchange (IBX) data centre in Mumbai, as digitisation gathers more momentum in India. Called MB3, it is strategically located in Mumbai’s Commercial district (Chandivali area), which is regarded as the retail data […]

Nxtra buys 11.7% stake in Avaada MHAmravati

Nxtra Data, a subsidiary of the Bharti Airtel, has entered into a partnership to buy 5.1 million equity shares in Avaada MHAmravati Private Ltd. which amounts to an 11.696 per cent stake in the company. The transaction was carried out at Rs 10 per equity share, taking the total investment to Rs 5.12 crore. “In […]