CtrlS Datacenters Ltd, Asia's largest Rated-4 datacenter operator, has unveiled their upcoming datacenter park in Chennai – their fifth hyperscale Datacentre Campus in India following Mumbai, Hyderabad, Noida, and Bangalore. CtrlS Datacenters will invest Rs 4,000 crore in the Chennai Datacentre Park, across phases.

The company is expected to create about 500 direct jobs and over 9,000 indirect jobs. Located in the Ambattur industrial area, the campus will include two datacenter buildings with a combined built-up area of almost 1 million square feet, and a 72 megawatt (MW) IT load capacity.

India's top conglomerate Reliance Industries and Walt Disney on Wednesday announced the merger of their India TV and streaming media assets, creating an $8.5 billion entertainment juggernaut far ahead of rivals in the world's most populous nation.

Reliance, led by Asia's richest man Mukesh Ambani, will inject $1.4 billion in the merged entity, with the company and its affiliates holding a more than 63% stake. Disney will hold about 37%, the companies said in a joint statement.

Bitcoin inched close to $60,000 on Wednesday, rising 39.7 per cent in February, which would mark its largest monthly rally since December 2020. Bitcoin was up 4.3 per cent and was trading at $59,244, its highest since December 2021.

In the last four months, the price of the token has doubled. Moreover, the value of all the Bitcoin in circulation has topped $2 trillion this month for the first time in two years. During the bear market in 2022, when the FTX and other crypto platforms collapsed, the cap had fallen to about $820 billion.

Indian IT and consulting services firm Tech Mahindra on Wednesday signed a Memorandum of Understanding (MoU) with Taiwanese Pegatron to develop private 5G solutions for enterprises. The two companies signed the MoU at the ongoing Mobile World Congress 2024 (MWC 2024).

"The partnership between the organisations will explore mutually beneficial opportunities in the fast-growing private 5G space, positioning it as a catalyst for business growth," the companies said in a statement.

SpiceJet has settled a Rs 250 crore dispute with Celestial Aviation, a subsidiary of one of the largest aircraft lessor groups, through negotiations and has avoided the litigation route, the company said in a stock exchange clarification on Wednesday.

The matter is now scheduled to be withdrawn formally on March 1, and both parties have informed the National Company Law Tribunal (NCLT) bench about the settlement.

Reliance Capital Limited (RCL) announced on Wednesday that its shares might be delisted from stock exchanges as part of the approved resolution plan.

Trading in the stock has been restricted. Shares of Reliance Capital last traded on February 26 when they declined 4.46 per cent to Rs 11.79.

The Bharatiya Janata Party (BJP) may demand a floor test in Himachal Pradesh following the party's victory in the Congress-ruled states during the Rajya Sabha polls.

The Congress party in Himachal Pradesh is grappling with multiple challenges following the outcome of the biennial elections to the Rajya Sabha, where it not only lost the lone seat in the state but also faces potential rebellion from its legislators.

The Supreme Court on Tuesday issued a contempt notice to Patanjali Ayurved and its managing director Acharya Balakrishna for flouting earlier orders and continuing to propagate false and misleading claims about curing diseases with the company’s products. While the court banned Patanjali advertisements with misleading claims, it came down heavily on the Central government saying it was “sitting with eyes closed’’ as the entire country was “taken for a ride’’.

Zydus Lifesciences on Tuesday announced a share buyback of up to Rs 600 crore. It will buy back 5.97 million shares at Rs 1,005 apiece.

In a regulatory filing, the company attached the letter of offer, which said, "Offer to buyback not exceeding 5,970,149 fully paid-up equity shares of the company, having face value of Rs 1 each representing 0.59 per cent of the total number of equity shares in the paid-up share capital of the company.

Shares of railway-related companies were in limelight in intra-day deals on Tuesday a day after Prime Minister Narendra Modi flagged-off and laid the foundation stone for 2,000 rail projects worth Rs 41,000 crore.

As part the ongoing modernisation drive, PM Modi said Indian Railways will be the source of massive investment in the next five years.

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