Expecting data center capacity to rise in India as more people go online, Mumbai headquartered Reliance Industries announced that it would invest $122 million to build data centers in the country along with Canada-based Brookfield Infrastructure. Currently the two entities are building data centers in Chennai and Mumbai. Reliance will...
India’s Reliance Jio Launches a $12 Internet-Enabled Phone
Reliance Jio, the telecommunications arm of India's Mumbai-based Reliance Industries, is enabling more Indians to gain access to the internet by launching its new internet-enabled phone with a 4G mobile network. There are about 250 million feature phone users in India, and many of them still use 2G phones and...
India’s Reliance Acquires Majority Stake in California Solar Energy Software Co
Mumbai-based Reliance Industries acquired a 79.4 percent stake in Saratoga, CA-based solar energy software developer SenseHawk for $32 million. The acquisition is part of the conglomerate’s aggressive push into renewable energy to decarbonize its oil and chemical-dominated business. Reliance aims to produce 100 GW of solar energy by 2030. SenseHawk...
Nihon Kohden to Build its Largest Manufacturing Facility in India
Model Economic Township or MET City, a wholly-owned subsidiary of Mumbai-based Reliance Industries said it was developing a world-class greenfield smart city near Gurugram, Haryana in the Delhi National Capital Region. In this industrial township, Tokyo-based manufacturer of medical devices Nihon Kohden Corporation will build its largest facility in India....
Morgan Stanley: India to Become World’s Third-Largest Economy by 2030
In a report titled ‘The New India: Why This Is India's Decade", Morgan Stanley said India has the conditions in place for an economic boom. It could account for 20 percent of the growth that the world will generate. Ridham Desai, head of India-Equity Research, as well as the India...
India’s Reliance Expands Investments in Clean Energy in Europe
Mumbai-based Reliance Industries (RIL), through its subsidiary Reliance New Energy Solar Ltd., invested in German "green solar wafers" technology company NexWafe GmbH, and signed a pact with Danish company Stiesdal A/S for hydrogen electrolyzers, as part of a strategy to expand its clean energy portfolio. The company invested 25 million...