Yotta Data Files for $463M Nasdaq IPO

12 Feb 2025 CW Team

Yotta Data Services, a data center and cloud computing firm backed by the Hiranandani Group, has filed for a $463 million listing on the Nasdaq, according to its submission to the US Securities and Exchange Commission (SEC).

The filing was made on December 30 through Yotta’s holding entity, Nidar Infrastructure. In June 2023, Nidar merged with Cartica Acquisition Corp., a special purpose acquisition company (SPAC), valuing Yotta at $4.2 billion. Post-listing, Yotta’s shareholders will retain 82.6% ownership, assuming a 14% redemption of Cartica’s public shares.

Yotta, which operates data centers in Mumbai, Greater Noida, GIFT City, Pune, Chennai, and Dhaka, plans to use the IPO proceeds for capital expenditure, primarily to expand its GPU infrastructure. The company has already deployed 4,096 Nvidia H100 GPUs, with 1,752 currently in use for clients in pharmaceuticals and AI. It expects to receive 8,192 GPUs by year-end and plans to order an additional 16,384 GPUs in 2024.

Yotta’s AI services business is its fastest-growing segment, driven by strong demand for GPUs, particularly from Western markets.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..