OpenAI is reportedly planning to build a massive 1 GW data center in India, marking its largest expansion in Asia as part of the $500 billion Stargate infrastructure initiative. The project, a joint venture of OpenAI, SoftBank, Oracle, and MGX, was announced at the White House earlier this year. SoftBank...
Iowa Delegation Embarks on Trade Mission to India
Governor Kim Reynolds of Iowa is leading an eight-day trade and investment mission to India, accompanied by a delegation of state officials and business leaders. The initiative, organized by the Iowa Economic Development Authority (IEDA) with support from the U.S. Embassy in Delhi and the U.S. Consulate in Mumbai, aims...
India’s Largest Port Project Seeks Major Debt Funding
The Vadhvan Port Project Ltd.,located a hours north of Mumbai is set to become India's largest port, plans to raise $3.6 billion in debt to fund its development. This initiative is a cornerstone of Prime Minister Narendra Modi's infrastructure overhaul. The project owners are seeking 15 to 20-year debt from both...
Shapoorji Pallonji Group Secures $3.4 Billion Credit
Mumbai headquartered Shapoorji Pallonji Group, a real estate and construction conglomerate, finalized a $3.4 billion private credit agreement. This marks the largest private credit deal of its kind in India to date. The agreement involves a three-year, zero-coupon rupee bond with an annual yield of 19.75%, and the proceeds will...
Apple Expands Retail Footprint in India
Apple is significantly expanding its retail presence across India with four new stores planned in key metropolitan areas. The Noida and Pune locations have already been confirmed, while Bangalore and Mumbai stores are in development. These new locations will complement Apple's existing stores and will strengthen the company's footprint in...
Tesla Seeks Registrations of Models 3 and Y in India
Tesla is making strides toward launching in India, with its subsidiary Tesla India Motor & Energy now seeking homologation and certification for two electric vehicles: the Model Y and Model 3. Homologation examines whether vehicles meet all local regulatory requirements, covering everything from structural integrity and safety systems to emissions...