Business
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.
Mumbai: The Reserve Bank of India (RBI) has decided to close its special forex swap facility for fresh FCNR deposits early.
The facility will now close on August 31, the RBI said on Friday.
The central bank said the decision was taken after receiving an encouraging response. The facility has attracted $52.3 billion through fresh foreign currency deposits.
Banks can continue to undertake swaps with the RBI against FCNR deposits raised under the facility until September 11.
Meanwhile, the schemes for External Commercial Borrowings and Overseas Foreign Currency Borrowings will remain open until December 31, 2026.
The RBI launched the special US dollar-rupee forex swap facility on June 8. It allowed banks to raise fresh three-to-five-year FCNR deposits.
Banks could then swap these deposits with the RBI at a concessional rate. The facility effectively covered the entire hedging cost for banks.
The strong response to the scheme led the RBI to bring the facility to an early close.
Moodbidri: A dream that began in the rural area of Niddodi in Moodbidri has now gained national recognition. Leksa Lighting Technologies Pvt. Ltd., founded by Ronald Sylvan D’Souza, has been recognised as one of India’s Top 100 MSME companies.
The prestigious national recognition was presented by the MSME Udyog Foundation at a ceremony held in New Delhi on August 8, 2026.
Ronald Sylvan D’Souza started his entrepreneurial journey from a humble background. Through hard work, discipline and continuous efforts, he built Leksa Lighting Technologies into a recognised lighting technology company.
The company has focused on quality, technological innovation and indigenous manufacturing. Research and development have also played an important role in its growth.
Leksa Lighting has adopted Japanese work practices to improve its manufacturing and operational standards. The company has also worked towards developing quality lighting solutions in India.
What began as a dream in rural Karnataka has now reached different parts of the country. The company is also making its presence felt in international markets.
Speaking about the recognition, Ronald Sylvan D’Souza said the award was not an individual achievement. He credited the entire Leksa team, customers, business partners, family members and everyone who supported the company.
He said he was proud and happy to see a dream that began in Niddodi and Moodbidri receive recognition at the national level.
READ MORE:Rare Otter Spotted in Paddy Field at Paddam, Udupi
The achievement highlights the potential of rural entrepreneurs. It also shows that determination, discipline and consistent hard work can help a business from a rural area achieve success on a national platform.
Leksa Lighting Technologies’ journey stands as an example of how a local dream can grow into a nationally recognised enterprise.
New Delhi: Buying a new vehicle is set to become more expensive from August 1, adding to the financial burden on consumers. Several automobile manufacturers have announced a price hike due to rising production costs.
The increase is mainly driven by higher prices of raw materials and components. The cost of steel, aluminium, rubber, plastic, electronic chips, batteries, and spare parts has gone up in recent months. Global market changes caused by ongoing conflicts and inflation have also increased manufacturing expenses.
As a result, vehicle companies have decided to raise the prices of new models. Customers planning to purchase a new vehicle are likely to pay more from August 1.
The price hike is also expected to affect the travel and transport industry. Travel agencies and tour operators say buying new cars, SUVs, and other passenger vehicles will become more expensive.
Operators have already been facing higher expenses due to increased fuel prices and toll charges. With the additional cost of new vehicles, many travel agencies are preparing to revise their rental charges.
READ MORE:Bhava Sangama Devotional and Patriotic Song Competition Concludes in Mangaluru
The Karnataka Travels Association has indicated that travel fares may be increased to manage the rising operating costs. Passengers may have to pay more for each trip if the revised rates are implemented.
Meanwhile, several automobile manufacturers have already published details of the upcoming price increase on their official websites. Consumers planning to buy a new vehicle may consider making their purchase before the revised prices come into effect on August 1.
Kodagu MLA Visits Athlete Poovamma’s Residence in Mangaluru
Kuwait Returnee Dies of Heart Attack at Bengaluru Airport
Asian Games Gold Medallist M.R. Poovamma Felicitated by Dakshina Kannada Administration
Meet Bubu and Dudu: The Adorable Cartoon Couple Captivating Hearts Around the Globe!
“Hidden Love” Spin-Off “The First Frost” Now Streaming on Netflix
