Driven by steep data usage and digital adoption, India is likely to see a five times rise in data centre capacity expansion in years to come, a new report said on Thursday.

The country requires an additional 1.7-3.6 GW (gigawatt) data centre capacity over and above the planned development of 2.32 GW (colocation) capacity.

It is estimated that India will be adding 464 MW of new colocation data centre capacity each year until 2028, according to the report by Cushman and Wakefield.

Elon Musk’s SpaceX has won a $843 million NASA contract to prepare for the safe and responsible deorbit of the International Space Station (ISS) in a controlled manner after the end of its operational life in 2030.

As part of the contract, SpaceX will develop and deliver the US Deorbit Vehicle that will provide the capability to deorbit the space station and ensure avoidance of risk to populated areas.

“Selecting a US Deorbit Vehicle for the International Space Station will help NASA and its international partners ensure a safe and responsible transition in low Earth orbit at the end of station operations,” said Ken Bowersox, associate administrator for Space Operations Mission Directorate at NASA Headquarters in Washington.

5G subscriptions are projected to reach around 840 million in India by the end of 2029, accounting for 65 per cent of mobile subscriptions in the region, a new report showed on Wednesday.

According to the Ericsson Mobility Report, total mobile subscriptions in the region are estimated to grow by 1.3 billion in 2029.

"The June 2024 Ericsson Mobility Report shows continued strong uptake of 5G subscriptions. Enhanced Mobile Broadband and Fixed Wireless Access are the leading use cases, with signs that 5G capabilities are influencing service providers’ Fixed Wireless Access offerings," said Fredrik Jejdling, Executive VP and Head of Networks, Ericsson.

Unionised workers at Hyundai Motor in South Korea have decided to refuse to work overtime on Saturdays from July 6, as they failed to narrow differences with the company in wage talks, the union said on Wednesday.

The 43,000-strong union has made the decision to put pressure on the company while planning to participate in the ninth round of wage talks on Thursday, a union spokesman said over the phone.

Hyundai Motor's union has recently obtained the rights to go on strike if necessary after nearly 90 per cent of its members voted on Tuesday for the industrial action to demand higher wages, reports News Agency.

Electric motorcycle company Silveline Power on Wednesday said that it entered into a Technology License Agreement worth $135 million with SRAM & MRAM Group for Hydrogen fuel-based electric vehicles (EVs).

Through this collaboration, SRAM intends to scale up the manufacturing and commercialise it. This will be a step further in SRAM’s contribution to the 'Green and Clean Energy' and 'Aatma Nirbhar Bharat Abhiyan'.

As major economies aim to meet global emission norms and adopt green energy, the government is committed to achieving Net Zero emissions by 2070.

Despite significant shifts in funding and valuations, the global fintech industry saw a robust annual revenue growth of 14 per cent from 2021 to 2023, a report showed on Wednesday, adding that India is reaping the benefits of investment in digital public infrastructure (DPI).

Governments, especially in countries such as Brazil and India, are reaping the benefits of investment in integrated DPI, spurring dramatic growth in digital payments and innovation on top, according to the report by Boston Consulting Group (BCG) and QED Investors.

When we look at data, the unified payments interface (UPI) platform processed 13,115 crore transactions in FY24, aggregating to nearly Rs 200 lakh crore in value, compared with 8,376 crore transactions worth Rs 139 lakh crore in FY23.

Hyundai Motor, Kia and two other carmakers will voluntarily recall more than 456,000 vehicles due to faulty components, the transport ministry here said on Wednesday.

The four companies, also including Volkswagen Group Korea and Tesla Korea, will voluntarily recall 456,977 units of 11 different models, the Ministry of Land, Infrastructure and Transport said in a statement.

The problems that prompted the recall include a design flaw in the engine starter motor in 236,518 units of two Hyundai Genesis models, posing a fire risk. Also 18,397 units of the hybrid version of Hyundai's Santa Fe SUV were found to have a software error in the electronic brake system.

Samsung Electronics is expected to unveil new Galaxy series foldable smartphones with artificial intelligence (AI) features next month.

The Samsung ‘Galaxy Unpacked 2024’ will take place in Paris on July 10, just about two weeks before the opening of the Paris Summer Olympics, Samsung said.

Samsung did not elaborate further, but market watchers expect Samsung to unveil its new Galaxy Z Fold series and Galaxy Z Flip 6 with built-in generative AI, reports news agency.

HMD Global, the home of Nokia phones, on Tuesday relaunched the Nokia 3210 with YouTube in India, marking the 25th anniversary of its original release.

Available in three colours -- Scuba Blue, Grunge Black, and Y2K Gold, the device is available to purchase at Rs 3,999.

"Nokia 3210 isn’t just a phone; it’s 2024’s fun phone. The original Nokia 3210 holds a special place in many hearts as one of the best-selling mobile phones ever. Its strong heritage and iconic design make it the perfect product to reimagine for the modern era," Ravi Kunwar, VP, India &APAC, HMD, said in a statement.

The European Union (EU) on Tuesday accused Microsoft of breaching antitrust rules with the 'abusive' bundling of its Teams and Office products.

"The European Commission has informed Microsoft of its preliminary view that Microsoft has breached EU antitrust rules by tying its communication and collaboration product Teams to its popular productivity applications included in its suites for businesses Office 365 and Microsoft 365," the commission said in a Statement of Objections.

The commission mentioned that it is concerned that, since at least April 2019, Microsoft has been tying Teams with its core SaaS productivity applications, thereby restricting competition on the market for "communication and collaboration products and defending its market position in productivity software and its suites-centric model from competing suppliers of individual software."