This article is more than 1 year old.

Gautam Adani's next business plan is to sell data services to Amazon, Google, says report

Gautam Adani's next business plan is to sell data services to Amazon, Google, says report
In what he believes could be yet another big moneymaker for him, Gautam Adani is now setting his sight on selling data storage services to tech majors such as Amazon and Google, Business Standard reported.
India is considering a new law that will require data to be stored locally. Adani Enterprises, the report said, is looking to invest Rs 70,000 crore for building data parks in a southern state in the next 20 years.
Adani is hoping to capitalise on demand from foreign technology companies that are expanding their operations in the country, the report added.
If the law is implemented, “it will explode data storage requirements, and that will need capacity,” Adani told BS in an interview. “This will be a multi-billion-dollar project that will bring in the Googles and the Amazons of the world,” he added, as mentioned in the report.

Market Movers

CompanyPriceChange%Loss
ONGC120.25 -4.85
Coal India146.40 -5.75
JSW Steel670.60 -25.75
NTPC113.55 -3.85
UPL808.00 -27.05
CompanyPriceChange%Loss
ONGC120.35 -4.65
NTPC113.55 -3.70
M&M784.85 -20.60
Power Grid Corp233.00 -6.70
Nestle17,678.30 -375.20
CompanyPriceChange%Gain
Adani Ports694.35 47.45
Bajaj Auto4,167.10 113.20
HUL2,482.90 65.20
Bharti Airtel538.75 10.10
Grasim1,480.75 22.55
CompanyPriceChange%Gain
HUL2,480.75 63.85
Bajaj Auto4,164.95 105.95
Bharti Airtel538.90 10.20
Bajaj Finserv11,998.00 179.95
IndusInd Bank994.90 10.65

Currency

CompanyPriceChng%Chng
Dollar-Rupee73.8600-0.2175-0.29
Euro-Rupee87.8770-0.4200-0.48
Pound-Rupee102.2970-0.9290-0.90
Rupee-100 Yen0.6699-0.0019-0.29