L&T-Cloudfiniti Onboards First Major Client at Hyperscale Data Centre
L&T-Cloudfiniti, part of Larsen and Toubro, has secured its first major customer at its hyperscale data centre in Sriperumbudur, with a leading cloud service provider renting 6 MW IT Load capacity. The contract, lasting ten years, signifies L&T-Cloudfiniti’s commitment to expanding India’s data centre landscape.
Larsen and Toubro’s data centre division, L&T-Cloudfiniti, announced on Thursday that it has onboarded its first significant customer at its hyperscale data centre located in Sriperumbudur, near Chennai.
The facility boasts a total capacity of 30 MW, with 12 MW currently live and colocation-ready. The leading cloud service provider has signed a contract for 6 MW IT Load capacity, filling an entire floor with high-density racks, along with a substantial bandwidth allocation.
The CEO of L&T-Cloudfiniti, Seema Ambastha, highlighted the importance of this deal as a foundational collaboration, pointing out the company’s commitment to providing top-tier colocation and cloud services capable of transforming the landscape of India’s data centre sector.
Sustainability Drives Success: SMEs Transforming Logistics
A global survey by DHL Express reveals that 68% of Indian SMEs and 61% of Chinese SMEs view sustainable delivery options as pivotal for commercial success. While financial services and fashion sectors lead in sustainability budgets, SMEs face challenges in securing internal and customer support for sustainable initiatives.
In a groundbreaking survey conducted by DHL Express , it has been revealed that 68% of small and medium enterprises ( SMEs ) in India and 61% in China view sustainability as essential for commercial success . The study, which covers 5,000 SME decision makers across 11 global markets, highlights the growing emphasis on sustainable delivery in logistics .
Despite the strong inclination towards sustainability , many SMEs struggle to allocate their budgets towards these initiatives. The financial services and fashion industries show the most willingness to invest in sustainable practices. However, securing internal and customer buy-in remains a significant hurdle, particularly noted in markets like Germany.
DHL Express supports SMEs through its GoGreen Plus service, offering solutions to reduce carbon emissions. This initiative aligns with the company’s goal to achieve net-zero emissions logistics by 2050, emphasizing the pivotal role of sustainability in driving future industry transformations.
Inventurus Knowledge Solutions Sets Stage for IPO Amid Strategic Investor Interest
Inventurus Knowledge Solutions Ltd, a healthcare support service provider, raised Rs 1,120 crore from anchor investors for its IPO, set to span from December 16. The IPO, an Offer For Sale (OFS), is valued at Rs 2,498 crore. Proceeds from shares won’t benefit the company but will instead go to individual shareholders.
Inventurus Knowledge Solutions Ltd, a leading healthcare support service provider, has successfully raised Rs 1,120 crore from anchor investors in preparation for its initial public offering (IPO). Key investors include Fidelity Funds, Government Pension Fund Global, and the Abu Dhabi Investment Authority, according to a circular on the BSE’s website.
The company has allotted 84.29 lakh equity shares at Rs 1,329 each, amounting to Rs 1,120.18 crore. The IPO opens on Thursday, December 16, with a price band set between Rs 1,265 to Rs 1,329. This IPO is entirely an Offer For Sale (OFS), meaning proceeds will go to individual shareholders rather than the company itself.
Backed by Rekha Jhunjhunwala and RARE Enterprises, Inventurus anticipates that listing on stock exchanges will enhance its visibility, improve its brand image, and provide liquidity for shareholders. With a market capitalisation estimated at over Rs 22,800 crore, the company’s shares will list on the BSE and NSE on December 19.
AI Shopping Assistants: Revolutionizing Online Retail
AI shopping assistants are revolutionizing online shopping by autonomously finding deals and placing orders. Major retailers adopt these agents for personalized recommendations and improved efficiency. While promising personalized savings and experiences, they pose privacy risks and dependency concerns, prompting a balanced approach to AI integration in daily life.
The advent of AI shopping assistant s is transforming the online retail landscape, streamlining the way consumers find and purchase products. Companies like Perplexity are pioneering these technologies, promising to make shopping more personalized and efficient.
By leveraging machine learning and natural language processing, AI agents not only learn user preferences but also handle complex tasks like placing orders and managing schedules. This evolution is expected to save time while enhancing the user’s shopping experience.
However, these benefits come with caveats. With significant access to personal data, privacy concerns loom large. Critics caution against over-reliance on AI, pointing to its potential for manipulation and dependency. As AI shopping becomes integral, businesses must ensure these tools align with human values to gain consumer trust .
AI Shopping Agents: Revolutionizing Online Retail Experiences
AI shopping agents, like Perplexity’s Buy with Pro, are transforming online retail by automating tasks, managing preferences, and negotiating with corporate systems. While they offer benefits of efficiency and personalization, they also raise privacy and dependency concerns. The shift impacts business operations and consumer interactions, redefining market strategies.
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L&T-Cloudfiniti Onboards First Major Client at Hyperscale Data Centre, source
