Airtel and partners pump $1bn into Nxtra data centres

The transaction is designed to accelerate Nxtra’s buildout of large-scale and edge facilities to serve enterprises, hyperscalers, and government customers across India.

Bharti Airtel has secured a $1 billion equity infusion for its data centre arm Nxtra Data from a consortium led by Alpha Wave Global, with participation from The Carlyle Group, Anchorage Capital and Airtel itself, the company said.

Under the terms disclosed, Alpha Wave Global will contribute $435 million, Carlyle $240 million, Anchorage Capital $35 million, with Airtel investing the remainder. Final investor stakes will be subject to post-closing adjustments and customary approvals.

According to reporting, the deal will see Nxtra valued at roughly $3.1 billion, with Airtel remaining the controlling shareholder.

The capital will be applied primarily to capacity expansion, with Nxtra planning to grow from about 300 MW today to a targeted 1 GW, aiming t control roughly a quarter of India’s data centre market.

Headquartered in New Delhi, Nxtra already operates 14 major data centres and more than 120 edge facilities across India, with recent openings in Pune and active development of AI-ready campuses in Chennai, Mumbai, and Kolkata.As always, the deal is subject to typical regulatory approvals. Airtel and partners pump $1bn into Nxtra data centres - Total Telecom:

Read More........ → July 04, 2026

Hyundai Motor India set to raise car prices by up to Rs 12,800 from June

IANS Photo

New Delhi, (IANS): Hyundai Motor India on Wednesday said it will increase prices of its vehicles by up to Rs 12,800 from June, citing rising input costs, higher commodity prices and increased operational expenses.

The company said the extent of the price increase will vary depending on the model and variant.

"In continuation to our earlier letter dated April 08, 2026, submitted in respect of price increase on Hyundai cars, considering the prevailing market conditions and to ensure balanced approach towards customer interest, we would like to inform that the new prices will now be made effective from June 1, 2026," the company said in a regulatory filing.

The automaker said the price increase has been necessitated due to rising input costs, increased commodity prices and higher operational expenses, among other reasons.

While the company continues to optimise costs and minimise the impact on customers, it is constrained to pass on a part of the increased costs to the market through the “nominal” price hike, the filing added.

The revised prices will come into effect from June 1 across Hyundai’s model range, the company said.

Earlier, another leading automobile firm, Maruti Suzuki India, announced a price hike of up to Rs 30,000 with effect from the same month.

"In view of the sustained increase in input costs, the company has decided to increase the prices of its models across its portfolio by up to Rs 30,000 with effect from June 2026," it said in its regulatory filing.

In addition, Mahindra and Mahindra (M&M) had increased prices for its SUV and commercial vehicles in April.

Shares of Hyundai Motor India on Wednesday traded more than 2 per cent higher at Rs 1928.20. Hyundai Motor India set to raise car prices by up to Rs 12,800 from June | MorungExpress | morungexpress.com

Read More........ → June 22, 2026