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Bharti Airtel raises $1B for Nxtra Data center expansion amid AI-driven demand surge

Company Fundamentals
30 Mar 2026
CNBC
View Source
Bullish
pluang ai news

Bharti Airtel has secured $1 billion from global private equity firms Alpha Wave, Carlyle, and Anchorage Capital to expand its data center unit, Nxtra Data. The funding values Nxtra at about $3.1 billion and will help scale its capacity from 300MW to 1GW, aiming for a 25% market share in India. This move reflects rising global interest in India's data center market, driven by growing AI workloads and supportive government policies like a 20-year tax exemption for hyperscalers. India's data center capacity is expected to grow significantly, with major investments from tech giants like Microsoft, Amazon, and Google, positioning the country as a competitive hub for digital infrastructure.

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Sodexo wins major global catering contract with Meta for 130+ sites in 30+ countries

Sodexo wins major global catering contract with Meta for 130+ sites in 30+ countries

Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...

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Thor Explorations stays on track with gold production and strong cash position in Q2 2026.

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Angelini Pharma completes $4.1B acquisition of Catalyst, expanding US presence and brain health leadership.

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Zcash surges 16% ahead of Ironwood upgrade, eyes $644 resistance as key next target

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Protocol Fundamentals
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Greenwich LifeSciences' breast cancer drug shows strong Phase 2 results but faces funding risks ahead of Phase 3.

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