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Adani to spinoff data centre arm by 2028

India’s Adani Group, controlled by billionaire Gautam Adani, has announced plans to spin off its data centre business by 2028. The Adani Group is one of the largest corporate conglomerates in India and currently houses a variety of businesses, from ports and power to city gas and airports. ...

January 22

As markets slowdown, Global Switch’s $10bn takeover halts to the ground

The much-awaited US$10 billion takeover of London-based Global Switch seems to have grounded to a halt. Tighter valuations squeezes and lower-than-expected bids are behind the slowing down of conversations, according to people familiar with the matter speaking to Bloomberg. Global Switch, which is owned by Chinese corporations Jiangsu Shagang Group Co. and Avic Trust Co....

January 22

Singapore, India, Canada are the world’s most stock-obsessed nations

Singapore is the most stock-obsessed country in the world, new data has revealed, as the South East Asia nation ranks highest as the most interested in stocks and trading. The data has been found by UK financial services provider CMC Markets which examined Google Trends data of search terms frequently used by people interested in stocks and trading. These terms were then...

January 19

‘Must have been a slow news day’ – STT GDC’s CEO rebuffs IPO rumours

News of ST Telemedia Global Data Centres’s US$1 billion initial public offering (IPO) has been strongly rebuffed by its chief executive Bruno Lopez. Taking to the stage at PTC’23 in Hawaii, the executive told the audience that the news first released by Bloomberg on January 13 “must have come after a slow day in the newsroom”.  “Some information and number...

January 18

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