Posts in category All News
CJI advises Sebi, SAT to be cautious, pitches for more tribunal benches (04-07-2024)
CJI advises Sebi, SAT to be cautious, pitches for more tribunal benches (04-07-2024)
Bandhan Bank shares drop 1.89% as Sensex rises (04-07-2024)
Housing sales hit 11-year high: Knight Frank (04-07-2024)
SME IPO opening price to be capped at 90% in pre-open on listing day: NSE (04-07-2024)
Inox Wind surges after promoter entity infuses Rs 900 crore; firm achieve ‘net debt free’ status (04-07-2024)
Share price of ACC falls as Nifty strengthens (04-07-2024)
Green Hydrogen as a Fuel – Indian Companies leading the Green Revolution (04-07-2024)
Renewable Energy finds a new Suitor-Booming Data Centers,AI
You would be wondering what renewable energy has to do with data center & AI.
The answer is yes - the Global mandate is that data centers has to run on Green energy ! intersting indeed ? But why ? can it not run on normal electricity produced by Coal ? yes it can, but there is a hitch here.!
The demand for Data centers is increasing day by day, due to the ever increasing demand for data storage , thanks to boom in AI.
Data centers are energy intensive as it needs a lot of power for cooling and ventilation apart from running the servers. Normally we use electric energy for productive purpose such as operating factories , machinery , for cooking food , operating Home appliances, driving a vehicle (EV) or a train (electric)… But if electric energy is to be used to cool data centers, it is seen as energy wastage - but a necessity devil.
Due to the data center boom &:AI, It is estimated that there is an incremental energy demand which currently stands at 3% of total energy production at Global level which is set to increase to 8% by 2030.
Already , the world is fighting with Global warming / climate change with all out efforts in decarbonising by getting rid of fossil fuels and resorting to renewable energy.
So it makes sense that the ever increasing data center boom which demands additional energy requirement should run sustainably with renewable energy and the global mandate is very clear- so the demand for more sustainable renewable energy further increasing.
India is said to be the land for cheaper sources of renewable energy and building data centers in India is less by 30-40% than elsewhere in the world and hence the world is looking up to India for data centers.
Aavas Financiers :: Banking on the unbanked (04-07-2024)
So since they own a combined 26.47 percent stake, selling this stake would necessitate an open offer to acquire another 26 percent from public shareholders. Was reading up on this SEBI rule and this is done to ensure that public shareholders have a fair opportunity to exit the company during substantial ownership changes, protecting the interests of minority shareholders. So if this goes through, will the new entity do a buy back? Does anyone know how this works and what is the potential impact during such scenarios?