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Blackstone in Pursuit: .5 Billion AirTrunk Acquisition on the Horizon

Blackstone in Pursuit: $13.5 Billion AirTrunk Acquisition on the Horizon

Blackstone Inc. is close to finalizing a significant deal to acquire Australian data center operator AirTrunk for over A$20 billion (approximately $13.5 billion), including debt. This transaction could be one of the largest in digital infrastructure this year. Blackstone has outbid other competitors, including a consortium with well-known investors, and is currently negotiating final terms ...

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Record Paddy Acreage Sparks Hope Amid Stormy Weather Challenges

Record Paddy Acreage Sparks Hope Amid Stormy Weather Challenges

As of August 30, the area planted with paddy rice reached 40.87 million hectares, surpassing the normal 40.15 million hectares for this time of year. This increase is positive for overall production and may lead the government to lift some export restrictions that were put in place to manage prices and boost domestic supply. Ethanol ...

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Trump’s Critique Sparks Tensions: Taiwan Defends Chip Industry Integrity

Trump’s Critique Sparks Tensions: Taiwan Defends Chip Industry Integrity

Taiwan’s Economy Minister, Kuo Jyh-huei, defended the island against comments made by former President Donald Trump, who claimed that Taiwan is stealing the U.S. chip industry. Kuo emphasized that the chips produced in Taiwan are commissioned by American companies, which benefit the most from this collaboration. Trump’s remarks unsettled Taiwan’s officials and its markets, highlighting ...

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Fighter Jet Crashes in Rajasthan: Pilot Safe Amidst Difficult Terrain

Fighter Jet Crashes in Rajasthan: Pilot Safe Amidst Difficult Terrain

A fighter aircraft from the Indian Air Force crashed in Barmer district, Rajasthan, on Monday night. Fortunately, the pilot survived the incident, according to Superintendent of Police Narendra Meena. The crash occurred in a remote area, away from populated zones, which has helped prevent any reported loss of life. Firefighting teams are currently unable to ...

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Luxury Smartphones Surge: Consumers Embrace Rs 1 Lakh Price Tag Trend

Luxury Smartphones Surge: Consumers Embrace Rs 1 Lakh Price Tag Trend

Despite high price tags, the demand for smartphones costing over Rs 1 lakh is increasing, driven by rising average selling prices, better financing options, and a wider range of products. Currently, this premium segment represents only about 1% of the overall smartphone Market, but it is expanding more rapidly than other categories, even as overall ...

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Telangana’s Flood Crisis: 16 Lives Lost, CM Seeks National Emergency Aid

Telangana’s Flood Crisis: 16 Lives Lost, CM Seeks National Emergency Aid

Heavy rains in Telangana since August 31 have led to tragic consequences, with at least 16 lives lost and significant property damage estimated at Rs 5,438 crore. Chief Minister A Revanth Reddy appealed to Prime Minister Narendra Modi to declare the situation a national calamity and provide support for the flood-hit areas. The state government ...

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Heightened Monkeypox Alert: Bihar Prepares for Possible Outbreak Amid Global Cases

Heightened Monkeypox Alert: Bihar Prepares for Possible Outbreak Amid Global Cases

Bihar’s Health Department has issued guidelines to combat Monkeypox, urging local administrations and hospitals to increase awareness about the viral illness. In response, the Patna district administration is establishing a health desk at Jay Prakash Narayan International Airport to closely monitor incoming travelers, ensuring they provide health histories for the past 21 days. Despite no ...

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Delhi’s ‘Pollution Warriors’: Gahlot Champions Electric Vehicles for Gig Workers

Delhi’s ‘Pollution Warriors’: Gahlot Champions Electric Vehicles for Gig Workers

Delhi’s Transport Minister Kailash Gahlot addressed gig workers at an event hosted by Zomato and Blinkit, referring to them as ‘Pradushan Yodha’ or ‘warriors against pollution.’ He recognized their crucial role in the economy, emphasizing their efforts in delivering essentials quickly. Gahlot urged delivery partners to embrace electric vehicles (EVs) to combat pollution in the ...

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