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Microsoft to spend $80 billion on AI data centers this year

Financial Express Ahmedabad

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January 05, 2025

MICROSOFT CORP PLANS to spend $80 billion this fiscal year building out data centers, underscoring the intense capital requirements of artificial intelligence.

- BLOOMBERG

More than half of this projected spending through June 2025 will be in the US, Microsoft President Brad Smith wrote in a blog post. Recent AI progress is thanks to "large-scale infrastructure investments that serve as the essential foundation of AI innovation and use," Smith wrote. Cloud infrastructure providers like Microsoft and Amazon.com Inc have been racing to expand computing capacity by constructing new data centers. In the previous fiscal year ending in June 2024, Microsoft spent more than $50

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Canara Bank plans to raise ₹3,500 cr via AT1 bonds

CANARA BANK PLANS to raise ₹3,500 crore through additional tier 1 (AT1 bonds) bonds on November 25, sources said. This marks the first AT1 bond issuance in the current financial year. The issue includes a base size of ₹1,500 crore and a green shoe option of ₹2,000 crore.

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Non-banks’ mortgage AUM to grow 18-19%: Crisil

MORTGAGE FINANCE ASSETS under management (AUM) of non-bank lenders are expected to grow 18-19% this financial year and the next, broadly matching last year’s 18.5% expansion, even as competition from banks and a likely moderation in real estate sales pose challenges, according to a report by Crisil Ratings.

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Adani sells 13% stake in AWLAgri to Wilmar

ADANI ENTERPRISES ON Wednesday sold an additional 13% stake in AWL Agri Business, formerly Adani Wilmar, to a unit of Wilmar International through an off-market transaction.

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Waaree shares slide 3% after I-T searches at offices

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