Schneider, NVIDIA Join Forces to Build AI Infra In Europe
Schneider Electric has announced a strategic partnership with NVIDIA to fast-track the development of AI-ready infrastructure across Europe. The collaboration, revealed at NVIDIA’s GTC event in Paris, aligns with the European Commission’s 'AI Continent Action Plan' and the 'InvestAI' initiative, which aims to mobilise €200 billion (approximately Rs 18 trillion) in AI investments.The alliance will combine Schneider Electric’s capabilities in sustainable infrastructure with NVIDIA’s leadership in accelerated computing. Together, the firms are co-developing advanced power management, sc..
Chennai Plans Rs 2 Bn Footpath Upgrade For 200 km
The Greater Chennai Corporation (GCC) will build 200 kilometres of new footpaths at an estimated Rs 2 billion to make public streets safer for pedestrians. In the first phase, the civic body has invited bids from consultants to create designs worth about Rs 10 million, insisting on layouts that cut pedestrian–vehicle conflict and comply with Indian Road Congress, Complete Streets and GCC inclusive-design standards.Plans call for sufficient pavement width, seating areas, and seamless links to bus stops and Metro stations. “A truly walkable city needs continuous, accessible non-motorised-tra..
Adani Airports Raises $1 Billion for Mumbai Airport Expansion
Adani Airports Holdings (AAHL), a wholly owned subsidiary of Adani Enterprises and India’s largest private airport operator, has successfully secured $1 billion financing through a project finance structure for its Mumbai International Airport (MIAL). The transaction involves issuance of $750 million notes maturing July 2029 (“Notes”) which shall be used for refinancing. The financing structure also includes provision to raise an additional $250 million, resulting in total financing of $1 billion. This framework will provide enhanced financial flexibility for the capital expenditure prog..
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