Category: Enterprise

India’s data center sector is set to attract significant investor attention in 2023, with a potential investment commitment exceeding $54 billion, according to real estate consultant CBRE. The forecast comes from CBRE’s ‘India Alternate Sectors Outlook 2026’, which indicates a projected 30% year-on-year increase in India’s total data center capacity, with an estimated 500 MW of new capacity to be added in 2026.

In 2025, the country’s data center capacity reached 1,700 MW, propelled by a record 440 MW of fresh supply. CBRE’s report also disclosed that investment commitments in the sector reached $56.4 billion in 2025 alone, accumulating to $126 billion. This year, these commitments are anticipated to surge by around 45%, potentially surpassing $180 billion.

Anshuman Magazine, Chairman and CEO of CBRE’s India, South-East Asia, Middle East & Africa operations, emphasized the sector’s shift towards large-scale execution rather than mere potential. He highlighted the sector’s resilience and appealing return prospects, making it an attractive focus for investors, particularly with substantial foreign capital involvement. Magazine noted that India’s data center market is becoming one of the fastest-growing and most dynamic in the Asia-Pacific region, driven by institutional momentum and expanding deployments.

The investment landscape is diversifying further, with states like Telangana, Maharashtra, and others leading the capital inflows. Reflecting the demand for reduced latency, 5G expansion, and data localization, data center operators are extending their investments beyond traditional metro areas to tier-II cities like Ahmedabad and Visakhapatnam.

Source: Tech-Economic Times

Microsoft, Chevron, and Engine No. 1 have entered an exclusive agreement to establish a natural gas-fired power plant in West Texas, as reported by Bloomberg News. The $7 billion project aims to generate 2,500 megawatts of electricity, initially targeting the power needs of a significant data center campus.

This partnership demonstrates a strategic move towards securing sustainable and reliable power sources for technology infrastructure. By investing in a dedicated power supply, the collaboration between these industry leaders highlights their commitment to ensuring uninterrupted operations for critical digital services.

With the increasing demand for energy-intensive data processing, such initiatives underscore the importance of scalable and efficient power solutions in the tech sector. The integration of environmentally conscious power generation methods aligns with corporate responsibility goals while enhancing operational resilience.

Source: Tech-Economic Times

Slack has announced significant upgrades to its Slackbot, introducing 30 new features aimed at enhancing productivity within the workplace. These enhancements empower Slackbot to summarize meetings, prompt follow-up actions, and operate autonomously with minimal human intervention. The integration with Salesforce CRM allows Slack users to leverage the power of Salesforce’s customer relationship management tools directly within the Slack platform, streamlining workflow processes and centralizing communication and data management.

By embedding Salesforce CRM functionalities into Slack, users can now access critical customer relationship management tools without leaving the familiar Slack environment, offering a more cohesive and efficient user experience. This strategic integration positions Slack as a key interface for Salesforce applications, reinforcing its position as a comprehensive collaboration hub for businesses.

Source: Tech-Economic Times

The Competition and Markets Authority (CMA) in the UK has initiated an investigation into Microsoft’s business software offerings to evaluate the possibility of granting the US tech company ‘strategic market status’ (SMS). This designation would impose specific obligations on Microsoft to enhance competition within the market.

The investigation aims to determine if Microsoft’s practices warrant closer scrutiny and intervention to ensure a level playing field for all players in the business software sector. By potentially subjecting Microsoft to SMS, regulators seek to address any anti-competitive behaviors and promote fair competition, benefiting consumers and businesses alike.

Microsoft, a prominent player in the global tech industry, faces increasing regulatory scrutiny worldwide as authorities focus on fostering competitive environments and preventing monopolistic tendencies. This development underscores the importance of regulatory oversight in the technology sector to maintain fair market dynamics and encourage innovation.

Source: Tech-Economic Times

Oracle, led by CEO Larry Ellison, has initiated a new round of layoffs affecting its cloud and database units. The company is strategically realigning itself from a traditional database software provider to position as a competitive player in the AI cloud sector, challenging industry leaders like Amazon and Microsoft.

This move signifies Oracle’s commitment to adapting to the rapidly evolving tech landscape, where AI and cloud services have become pivotal for businesses seeking to stay competitive. By reallocating resources towards AI capabilities, Oracle aims to enhance its cloud offerings and expand its market presence in the increasingly AI-driven tech industry.

As part of this restructuring, Oracle is streamlining its workforce to optimize its focus on AI technologies and cloud infrastructure, reflecting the company’s strategic shift towards innovation and growth in the digital age.

Source: Tech-Economic Times

IT services company Coforge has obtained approval from the Reserve Bank of India (RBI) for an overseas direct investment (ODI) exceeding $1 billion to finalize its $2.35 billion acquisition of US-based AI solutions provider Encora. The combined entity is projected to reach $2 billion in revenue by 2027, operate at a 14% margin, and become earnings per share (EPS) accretive.

Coforge’s acquisition of Encora, supported by Advent International and Warburg Pincus, aims to enhance its offerings in AI solutions spanning product, cloud, and data engineering domains. The deal structure involves financing the $1.89 billion equity portion through preference shares issuance at Rs 1,815.91 each, while Encora shareholders will hold a 20% stake in the merged entity.

To clear Encora’s debt, Coforge plans to raise up to $550 million through a bridge loan or a qualified institutional placement of its shares. The revenue figures from fiscal year 2025 indicate significant growth potential for the combined businesses, with Coforge reporting $1.34 billion and Encora recording $516 million in turnover.

Source: Tech-Economic Times

Microsoft has announced plans to invest $1 billion in Thailand over the next two years, focusing on expanding its cloud services and AI capabilities, as reported by Tech-Economic Times. The Thai government confirmed Microsoft’s intention to bolster its presence in the region through this significant investment.

This strategic move by Microsoft underscores the company’s commitment to advancing cloud technology and artificial intelligence solutions. By injecting substantial funds into Thailand, Microsoft aims to strengthen its position in the market and drive innovation in cloud services and AI applications.

Thailand stands to benefit from this investment by gaining access to cutting-edge technologies and expertise from Microsoft. The infusion of capital is expected to fuel the growth of the local tech ecosystem, opening up new opportunities for businesses and developers in the region.

This investment signals Microsoft’s focus on leveraging cloud services and AI to drive digital transformation and empower businesses globally. As technology enthusiasts look forward to the developments that will arise from this investment, Microsoft’s commitment to advancing technological capabilities remains evident.

Source: Tech-Economic Times

Recent reports from the Ministry of Electronics and Information Technology in India indicate that the data center industry has been implementing advanced cooling technologies to significantly reduce water consumption and energy usage. These innovations not only address environmental concerns but also enhance operational efficiency within data centers.

The use of cutting-edge cooling systems and water-efficient technologies marks a shift towards sustainable practices in the data center sector. By leveraging these advancements, data centers are mitigating water-related challenges and contributing to energy conservation efforts.

Furthermore, the government’s support for the growth of data centers underscores the importance of digital infrastructure development in India. This strategic backing aligns with the country’s objectives to bolster its technological capabilities and foster a conducive environment for digital innovation.

Source: Tech-Economic Times