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Business

Firmus Plans $5 Billion IPO Despite $77 Million Loss Forecast

Australian data centre operator Firmus is preparing for a $5 billion IPO on the Australian Securities Exchange on October 22, despite expecting a $77 million loss in the first half of its 2027 financial year. Backed by investors like Blackstone and serving clients such as Nvidia, Meta, and OpenAI, Firmus aims to expand its data centres across Asia-Pacific. The IPO could be Australia's second-largest, reflecting strong demand for AI infrastructure.

Brand Icon Image - Latest Brand, Tech And Business·15h ago

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Technology

IIT Delhi Develops India's First Indigenous Micro-GPU Chip

Researchers at IIT Delhi's Electrical Engineering Department have designed India's first working indigenous micro-GPU chip. This development aims to reduce the country's dependence on imported GPUs used in artificial intelligence, machine learning, and other embedded applications, marking a significant step in India's semiconductor capabilities.

Asianet Newsable·13h ago·Delhi

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Business

India's Largest ePharmacy Builds 30-Minute Medicine Delivery

India's largest ePharmacy is developing an in-house quick-commerce system to deliver medicines across cities within 30 minutes. The company faces complex challenges in achieving this rapid delivery, highlighting that moving medicines in under an hour is far more complicated than it appears. This initiative aims to enhance accessibility and convenience for customers.

The Economic Times·13h ago

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Science

DPWH Advocates Hybrid Nature-Based Flood Control Solutions

Public Works Secretary Vince Dizon urged a shift to hybrid flood control methods combining nature-based and concrete infrastructure. He emphasized learning from countries like the Netherlands, which use both approaches effectively. Dizon highlighted the need for tailored solutions per area, proper use of public funds, and urgent action to address persistent flooding in the Philippines without delay.

The Manila Times·12h ago

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Business

AP to Hold Five Regional Investment Meets Before November Summit

Andhra Pradesh will organize five regional investment meets ahead of the Vizag Partnership Summit in November. These events aim to showcase different regions, attract memorandums of understanding (MoUs), and boost investments in the state. The initiative is part of efforts to promote economic growth and regional development through increased business engagement.

The Hindu·13h ago·Visakhapatnam

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Science

Astronomers Detect Radio Signals from an Exoplanet for First Time

For the first time, astronomers have detected radio signals originating from an exoplanet outside our solar system. These signals suggest the presence of auroras on the distant planet, providing new insights into its magnetic environment and atmospheric conditions. This discovery marks a significant milestone in the study of planets beyond our solar system.

Google News·13h ago

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