Business

Mukesh Ambani to Build World’s Largest Data Center in Jamnagar

Published

1 year ago

January 24, 2025

Mukesh Ambani to Build World's Largest Data Center in Jamnagar

Reliance Industries, led by Mukesh Ambani, is set to construct the world’s largest data center in Jamnagar, Gujarat, as part of its efforts to strengthen India’s position in the artificial intelligence (AI) landscape. According to Bloomberg News, this ambitious project reflects Reliance’s commitment to advancing AI infrastructure within the country.

As part of this initiative, Reliance is reportedly procuring advanced AI semiconductors from NVIDIA, a global leader in AI technology. The collaboration follows the announcement of a joint partnership between Reliance and NVIDIA at the Nvidia AI Summit 2024, held in October. NVIDIA had revealed plans to supply its state-of-the-art Blackwell AI processors for a one-gigawatt data center that Reliance aims to build in India.

During the summit, NVIDIA CEO Jensen Huang emphasized the importance of India manufacturing its own AI technologies, stating, “It makes complete sense that India should manufacture its own AI. You should not export data to import intelligence. India should not export flour to import bread.”

Mukesh Ambani also highlighted India’s potential to leverage AI for social and economic progress. “We can use intelligence to actually bring prosperity to all the people and bring equality to the world… Apart from the US and China, India has the best digital connectivity infrastructure,” Ambani said.

Expanding AI Ambitions

This project aligns with broader efforts by Reliance and NVIDIA to strengthen India’s AI capabilities. In September 2024, the two companies announced plans to develop AI supercomputers and large language models (LLMs) trained in India’s diverse languages. NVIDIA has also entered a similar collaboration with the Tata Group, underscoring its long-term commitment to India’s AI ambitions.

India’s Push for AI Leadership

The Indian government has pledged over ₹10,000 crore to foster AI startups, fund AI projects, and develop indigenous LLMs. However, several hurdles remain, including the country’s nascent chipmaking industry. Establishing semiconductor fabrication facilities (fabs) is a capital-intensive process requiring years of development and a highly specialized workforce. India is still working to address these challenges, and the production of its first domestically manufactured chip remains a goal for the future.

With projects like Reliance’s Jamnagar data center and growing partnerships with global tech leaders, India is signaling its intent to become a significant player in the global AI ecosystem.

Related Topics:artificial intelligence (AI)Data Center Gujarat Jamnagar Mukesh Ambani Nammakudla Nvidia AI Summit 2024

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Business

Overseas Loans by Indian Firms See Sharp Decline

Published

1 day ago

May 17, 2026

Namma Kudla

Business : Indian companies borrowed $5.43 billion from abroad in March, according to RBI data. This was 51% lower than March last year.

Experts said the weak rupee and high global interest rates made foreign loans less attractive for companies.

In the financial year 2025-26, India Inc raised nearly $43 billion through foreign borrowings. This was down from $61 billion in the previous year.

In March 2025, borrowings had crossed $11 billion due to large deals by companies like JSW Steel and Tata Semiconductor Manufacturing.

Companies are also avoiding overseas loans because hedging costs have become expensive during currency volatility.

The RBI reportedly discussed easing foreign borrowing rules and offering hedging support, but no final decision was taken.

Market experts said the ongoing West Asia conflict has increased uncertainty, making companies cautious about raising funds from abroad.

Business

Fuel Prices Hiked by Rs.3 per Litre across India

Published

3 days ago

May 15, 2026

Namma Kudla

New Delhi: Petrol and diesel prices have been increased by Rs.3 per litre across the country from today. Oil marketing companies revised the rates due to the rise in global crude oil prices.

After the hike, petrol price in Bengaluru has reached Rs.106.17 per litre, while diesel now costs Rs.94.10 per litre.

The increase comes amid fluctuations in international crude oil prices and tensions in West Asia, including the Iran conflict. The fall in the value of the Indian rupee against the US dollar has also increased import costs.

The fuel price hike is expected to affect transportation and daily essentials. Transport charges for goods may rise, leading to higher prices of vegetables, fruits, milk, and other items. Bus, auto, and taxi fares may also increase.

Earlier, fuel prices were reduced before the 2024 Lok Sabha elections. In 2022, the Centre had also cut excise duty to control inflation after the Covid pandemic.

Business

Gold Prices Rise in Mangaluru; Demand for Ornaments Remains Strong

Published

2 weeks ago

May 4, 2026

Namma Kudla

Mangaluru: Gold prices in the coastal city of Mangaluru have been reported at high levels today. The rate for 24 karat gold (99.9% purity) stands at Rs.14,962 per gram. The price for 22 karat gold (91.6% purity) is Rs.13,715 per gram. Meanwhile, 18 karat gold (75% purity) is being sold at Rs.11,222 per gram.

Mangaluru is well known for its deep cultural connection with gold. The city has a long tradition of buying and wearing gold ornaments. This tradition continues strongly even today.

Local jewellers say that demand for gold remains steady despite high prices. Many people still prefer to invest in gold for safety and long-term value. Gold is also an important part of weddings and festivals in the region.

Apart from its love for seafood, Mangaluru is also famous for its gold market. The gold trade in the city has a long history and continues to grow.

Buyers are advised to check the latest rates before making a purchase. They can also use a gold rate calculator to get exact pricing based on weight and purity.

Experts say that gold prices may change depending on global market trends. Customers should stay updated and make careful decisions while buying gold.