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US data centre spending seen more than doubling to $2.1 trillion by 2028, estimates BoFA
Global data centre spending is expected to reach $1 trillion in 2026 and more than double to $2.1 trillion by 2028, driven by rising demand for AI services, BofA Global Research estimates. The data centre market could reach $2.93 trillion by 2030 as AI fuels rapid infrastructure expansion.
SEBI orders Avadhut Sathe Trading Academy to refund ₹546 crore; imposes ₹11.5 crore penalty
The regulator cited unregistered advisory services, misleading return claims and a failure to assess the suitability of investment recommendations to participants
US Treasury yields rise but 10-year stays below 5% as AI jitters persist
US Treasury yields rise after a sharp drop in the previous session, but the benchmark 10 year yield stays below 5% as lingering AI market concerns keep investors cautious. Strong economic activity and sticky inflation remain key factors for bond markets, while expectations of a Federal Reserve rate hike next week weaken further.
EAAA India Alternatives mops up Rs 360 crore from anchor investors; IPO opens on Oct 26
EAAA India Alternatives has successfully raised approximately Rs 360 crore from anchor investors prior to its IPO. This IPO is set to open for public subscription on October 26. The company will not receive any proceeds from the issue as it is an offer for sale. Prominent institutional investors and major domestic mutual fund houses participated in the anchor allocation.
Recent News
Today’s Gold Rate in India October 23: Gold prices down in Delhi, Mumbai, Kolkata, Chennai, Bengaluru
22, 24 carat Gold prices down across metro cities on October 23
Jio Platforms IPO Day 3 Highlights: Issue subscribed 6.90 times so far, QIB demand at 14.46x
Jio Platforms IPO Day 3 highlights: Jio Platforms IPO was subscribed 6.90 times as of 12.03 pm on October 23, 2026, the third day of bidding, with bids for 136.33 crore shares against 19.75 crore shares on offer. Qualified institutional buyers (QIBs) subscribed 14.46 times their reserved portion, while non-institutional investors (NIIs) subscribed 9.45 times and retail individual investors (RIIs) 2.02 times.
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