Crisil: India Inc revenue to grow 7% this fiscal
NEW DELHI: India Inc revenue will likely grow 6-7 % this fiscal because of the reduction in GST rates, as per Crisil Intelligence’s latest report.However, the anti-profiteering rule in the GST system may prevent companies from seeing a major increase in profit margins, the report added. The rating agency stated that the reductions in the…
AI boom may drain resources: Data centres’ water use could hit 1,068 billion litres by 2028; Morgan Stanley report flags 11x rise
Artificial Intelligence (AI) data centres could emerge as major consumers of global water resources in the next few years, according to a report by Morgan Stanley. The report, as cited by news agency ANI, projected that annual water use for cooling and electricity generation may rise to around 1,068 billion litres by 2028, an 11-fold…
