Business
Powering the AI revolution: A Rs 200 lakh crore opportunity for capital markets
We, as consumers, see the shiny end product. We see a chatbot answering questions, an app recommending movies, or a stock exchange or bank detecting fraud in milliseconds. What we don’t see is the immense work behind the curtain.
AI infrastructure spans multiple areas-land and buildings; massive electricity generation capacity and distribution grids; cooling facilities; chips (with continuous upgrades, because yesterday’s chip is already a fossil); memory and storage devices; fibre and spectrum to build networks; software and its upgrades; data centres; physical and cyber security; the availability of skilled talent; and finally, the oxygen of it all-capital.
While we usually think AI infrastructure means “data centre,” the reality is much broader. Power plants must generate electricity. Transmission lines must carry it. Distribution grids must ensure an uninterrupted supply. Fibre must carry data at lightning speed. Spectrum must ensure connectivity. Cooling systems must prevent servers from behaving like overworked pressure cookers in May. Every piece is part of the AI infrastructure ecosystem, often loosely referred to as “data centres.”
While a number of estimates and projections are being discussed, the fast pace of evolution is constantly reshaping them. However, let’s still look at some numbers. India generates roughly 20% of the world’s data but has only about 2% of global data storage and processing capacity. That mismatch is not just a statistic; it is an opportunity knocking loudly.
Going forward, global data centre capacity requirements are estimated at around 250 GW by 2030, of which about 120 GW already exists, and 130 GW of new capacity will be required. If India were to match its 20% share of global data generation, we would need approximately 50 GW of capacity over the next few years.
A rule of thumb suggests that the all-in cost of related infrastructure, both direct and indirect, could be in the region of US$40 billion per GW. Multiply that by 50 GW, and we are staring at an investment requirement of roughly US$2 trillion.For perspective, we still remember the famous infrastructure estimates highlighted in the mid-1990s by Dr Rakesh Mohan, when the required investment numbers seemed astronomical. In 2019, the BJP election manifesto spoke of investing ₹100 lakh crore in infrastructure. At the time, those figures sounded bold. Today, we are discussing almost US$2 trillion (approximately ₹200 lakh crore) for one sector alone-AI infrastructure.
Most of this investment is likely to be driven by the private sector, either independently or in partnership with foreign investors. This could well become the single largest focused private-sector investment theme in India’s history. The key question then is: are we equipped to finance it?
Let’s analyse the nature of the financing requirement. Unlike venture capital bets on apps that may or may not survive the next funding winter, AI infrastructure is largely backed by long-term contracted revenues. A data centre, for instance, is typically leased to a large domestic or global technology service provider under long-term agreements, often spanning 20 to 25 years. This is not very different from a Power Purchase Agreement in the electricity sector, a toll road concession, or a long-term commercial lease. In other words, these are stable, predictable, annuity-like cash flow assets. Pension funds love them. Insurance companies adore them. Sovereign wealth funds feel comfortable investing in them.
Encouragingly, Indian capital markets have matured significantly over the last decade. We now have long-term corporate bond markets steadily deepening. We have REITs and InvITs that allow infrastructure assets to be monetised and refinanced through capital markets. We have seen renewable energy platforms raise billions through public and private markets. The creation of Infrastructure Debt Funds (IDFs) to facilitate take-out financing has also strengthened the ecosystem.
In fact, India is now financing a significant part of private infrastructure spending through capital markets-a structural shift from the earlier era of bank-dominated financing. This diversification is critical when facing multi-trillion-dollar opportunities.
Will everything be smooth? Of course not. Regulatory tweaks will be required. Power distribution reforms must continue. Land acquisition processes must become more efficient. Spectrum policy must remain stable. Tax structures should encourage long-term capital. Cybersecurity frameworks must be robust. Talent development must accelerate. But structurally, the ingredients are falling into place.
There is also a strategic angle. AI infrastructure is not just a commercial opportunity; it is a national competitiveness issue. Countries that host data, control compute power, and build digital capacity will shape the next economic cycle. If India generates 20% of the world’s data but stores only 2%, we are effectively exporting digital raw material and importing digital finished goods. That equation must change.
The good news is that we have done this before. Telecom looked impossible in the 1990s. Renewable energy looked aspirational in the 2000s. Highways seemed ambitious in the early 2000s. Each time, capital markets adapted, innovated, and scaled. AI infrastructure is the next chapter.
Also read: AI sore big tech cos’ artificial splurge eats into stock buybacks
So, is India’s capital market geared up to support the financing needs of AI infrastructure? In my view, yes-with the right policy nudges, regulatory fine-tuning, and institutional participation. Our AI revolution may be coded in silicon, but it will be financed in rupees, increasingly through our capital markets. And if we get this right, the servers may hum quietly in the background, but the economic growth will make a very loud noise indeed.
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
Business
Taylor Swift’s $2 Billion Fortune and Wedding Buzz Dominate Headlines
Taylor Swift continues to dominate entertainment news in March 2026, with her net worth reaching an estimated $2 billion according to recent reports, fueling speculation about her personal and professional milestones as she prepares for a rumored summer wedding to Travis Kelce.
Forbes and other outlets confirmed March 12 that Swift’s fortune hit the $2 billion mark, making her the wealthiest female musician and one of the top celebrity billionaires. The surge builds on massive earnings from her “Eras Tour,” streaming royalties, merchandise and the 2025 repurchase of her early album masters for around $360 million. Her October 2025 album “The Life of a Showgirl” sold millions in its first week and sustained strong performance into 2026, contributing significantly to the wealth jump.

The milestone arrives amid fan theories about her next moves. Some speculate a 13th studio album could tie into personal events like her wedding, though no official announcement has come. Swift has kept a relatively low public profile in early 2026, focusing on private life after the “Eras Tour” wrapped and the “End of an Era” docuseries aired on Disney+.
Wedding rumors intensified in March, with multiple reports pointing to June 13, 2026, as a potential date. Fans dissected a Taylor Nation Instagram post featuring a chalkboard with partially erased text, interpreting remnants as “June 13” alongside possible “KC” and “NY” references — interpreted as nods to Kansas City and New York. A podcast tip from a listener claiming insider knowledge of a Rhode Island wedding on that date added fuel, though neither Swift nor Kelce has confirmed details.
Kelce addressed his NFL future in recent interviews, crediting Swift’s dedication to her craft for motivating his return to the Kansas City Chiefs for a 14th season. On the “New Heights” podcast with brother Jason, he discussed how her work ethic influenced his decision to delay retirement, highlighting their supportive dynamic. Jason playfully pressed Travis about wedding plans, keeping the topic light but prominent in media coverage.
Swift’s influence extends beyond music. She inspired Kelce’s career choices, donated generously to causes and maintained strong friendships, including with Selena Gomez, who recently shared details of a handmade gift from Swift. A separate controversy erupted when Jack White commented on songwriting, drawing backlash from fans who accused him of targeting her, though he later clarified his remarks.
On the music front, Swift’s single “Elizabeth Taylor” — released in late 2025 — continued charting, with a special limited-edition vinyl announced for Record Store Day 2026 on a “Cry My Eyes Violet Glitter” variant. The track peaked at No. 3 on the Billboard Hot 100 upon release and remains a fan favorite.
She skipped the 2026 Grammys, where she received no nominations due to eligibility timing for “The Life of a Showgirl.” Executive producer Ben Winston addressed rumors of her attending or performing, noting she was not involved this year. Swift led nominations for the 2026 iHeartRadio Music Awards earlier in the year with nine nods.
No new tour plans have surfaced for 2026, with Swift enjoying a break after the record-breaking “Eras Tour.” Rumors of a 2026 tour were debunked when a charity auction mistakenly listed tickets, later corrected by organizers.
Swift’s low-key approach in early 2026 contrasts with her high-visibility years, prioritizing personal milestones. Fans continue theorizing on social media about future releases, including possible “Taylor’s Version” of her debut album around its 20th anniversary in October 2026.
As spring unfolds, Swift’s blend of business success, romantic developments and cultural impact keeps her at the forefront. Whether through new music hints, wedding preparations or quiet philanthropy, the pop icon shows no signs of slowing her influence.
Business
Heating oil support 'needs to be delivered now'
Rachel Reeves says the Treasury is also looking at “different options” to help households most vulnerable to soaring energy bills.
Business
US Airports Launch Donation Drives for Unpaid TSA Workers as Partial Government Shutdown Enters Fifth Week
A growing number of major U.S. airports are appealing to travelers for donations to support Transportation Security Administration employees working without pay during a partial government shutdown that began Feb. 14, 2026, leaving roughly 50,000 TSA officers to miss their first full paycheck on March 13 amid mounting financial hardship.
The funding lapse for the Department of Homeland Security — triggered when Congress failed to pass a spending bill over disputes on immigration enforcement and border security — has forced essential airport security personnel to continue screening millions of passengers daily without regular compensation. TSA officers received partial pay in late February but saw no funds deposited in many March 13 paychecks, according to union representatives and federal officials.

Airports nationwide have responded by reopening food pantries, setting up gift card collection points and urging passengers to contribute essentials. Denver International Airport (DEN) asked for $10 or $20 grocery and gas gift cards from stores like King Soopers, Safeway, Walmart, Costco and Target, emphasizing that Visa gift cards are not accepted due to federal rules limiting gifts to $20 or less per instance.
“Denver International Airport is seeking grocery store and gas gift card donations for federal employees working without pay,” DEN CEO Phil Washington said in a March 11 statement. “TSA employees just missed their first paycheck, and as we enter a busy spring break travel period, we want to do what we can to ease the stress of this moment.”
Seattle-Tacoma International Airport (Sea-Tac) opened a food pantry for TSA agents, requesting non-perishable food, hygiene items, diapers and baby supplies. Harry Reid International Airport in Las Vegas reactivated its Food & Essentials Pantry, accepting donations of toiletries, household items and pet supplies for affected federal workers.
Other airports participating include Orlando International, Cleveland Hopkins, Reno-Tahoe and more, with collection drives coordinated through airport management, employee unions and community partners. TSA guidance allows such donations from travelers via airport channels, provided they comply with ethics rules barring direct cash or excessive gifts.
The shutdown has strained TSA staffing. The agency reports about 300 officers have resigned since Feb. 14, with unscheduled absences rising to around 6% in some locations. Union leaders describe workers turning to side jobs like ride-sharing, plasma donation or food pantries to cover bills. Some report sleeping in cars or relying on family support after depleting savings from the previous 43-day shutdown in late 2025.
Travel disruptions have worsened, with reports of hours-long security lines at major hubs during peak spring break travel. Wait times of two to three hours have been documented at some checkpoints, though TSA insists expedited programs like PreCheck remain operational. Passenger security fees collected by airlines continue flowing to the government, creating a stark contrast: travelers pay for screening services while screeners go unpaid.
Senate negotiations remain stalled. A March 12 vote on a stopgap DHS funding bill failed, with Democrats blocking the measure over immigration provisions. Republicans have accused Democrats of obstructing progress, while Democrats point to GOP demands on border policy as the impasse. No breakthrough appeared imminent as of March 14.
The American Federation of Government Employees and travel industry groups, including Airlines for America, have launched campaigns urging on-time pay for TSA and FAA workers during lapses. Private operators highlight reliance on smooth airport operations for economic activity.
TSA officers, deemed essential, must report for duty or face termination. Many express frustration at repeated shutdowns, with some rebuilding finances from the prior fiscal year’s record closure.
As the shutdown nears one month, airports’ grassroots efforts underscore the human toll on frontline workers. Donations provide immediate relief, but union officials and advocates stress the need for permanent funding stability to prevent future crises.
Travelers encountering longer lines are encouraged to arrive early, use mobile apps for wait-time estimates and consider TSA PreCheck enrollment. For donation information, check individual airport websites or TSA union channels.
Business
Global Net Lease: A High-Yield Turnaround Story Still In Progress
Global Net Lease: A High-Yield Turnaround Story Still In Progress
Business
Goldman warns S&P 500 could decline to 6300 if growth weakens

Goldman warns S&P 500 could decline to 6300 if growth weakens
Business
Taylor Sheridan’s New Drama Drops First Three Episodes March 14
Taylor Sheridan’s latest neo-Western drama, “The Madison,” premiered Saturday, March 14, 2026, exclusively on Paramount+, launching the first three episodes of its six-episode debut season.
The series, starring Oscar nominee Michelle Pfeiffer and Golden Globe nominee Kurt Russell, marks Sheridan’s return to Montana-set storytelling following the conclusion of “Yellowstone” in late 2024. Unlike direct “Yellowstone” spin-offs such as “1883,” “1923” or the ongoing “Marshals,” “The Madison” stands as an independent series, though it shares the creator’s signature blend of family dynamics, grief and rugged landscapes.

The show follows the Clyburn family, a wealthy New York City clan relocating to the scenic Madison River valley in central Montana after a devastating loss. The move forces them to confront grief, adapt to rural life and navigate human connections in one of America’s most beautiful yet unforgiving regions. Sheridan wrote all six episodes, with Christina Alexandra Voros — who directed episodes of “Yellowstone” Season 5 — helming the series.
Paramount+ adopted an unconventional release strategy for the premiere season: the first three episodes dropped simultaneously on March 14 at 12 a.m. PT (3 a.m. ET), with the remaining three scheduled for Saturday, March 21, also at midnight PT. Episodes include “Pilot,” “Let the Land Hold Me,” “Watch Her Fall” on premiere day, followed by “Tomorrow Is Goodbye,” “No Name and a New Dream” and the finale on the second Saturday.
The staggered rollout differs from Sheridan’s typical weekly drops on Paramount+ for shows like “Landman” or “Lioness.” Paramount executives described it as a way to build immediate buzz while allowing viewers to binge the short season quickly. Season 2, already filmed back-to-back with Season 1 according to Kurt Russell in recent interviews, is expected in 2027, though no exact date has been confirmed.
Pfeiffer leads as the matriarch navigating profound loss, with Russell portraying a key figure in the family’s new Montana life. The ensemble includes Matthew Fox and Patrick J. Adams in supporting roles. First-look images and the official trailer, released in early 2026, highlighted sweeping Montana vistas, emotional family tension and Sheridan’s hallmark dialogue.
The series arrives amid Sheridan’s prolific output for Paramount, which has expanded its “Yellowstone”-verse with multiple shows. “The Madison” was initially developed under the working title “2024” as a potential spin-off but evolved into a standalone project. Kurt Russell noted in an Entertainment Weekly interview that Pfeiffer and Sheridan advocated for filming two seasons consecutively to accommodate schedules and storytelling needs.
Early reactions from critics and viewers have been positive, with Rotten Tomatoes assigning a 67% Tomatometer score based on initial reviews, praising the performances and scenic cinematography while noting the intimate, character-driven pace sets it apart from more action-heavy Sheridan fare. Some called it his “most heartfelt” work yet.
Paramount+ subscribers can stream all available episodes immediately, with no ads on the Premium plan. The service promotes the premiere with trailers, first-look galleries and behind-the-scenes content on its site.
As “The Madison” begins its run, anticipation builds for the March 21 conclusion of Season 1 and the already-completed follow-up season. The series reinforces Sheridan’s dominance in modern Western dramas, drawing fans eager for more Montana-based stories after “Yellowstone’s” long run.
With episodes now live, viewers can dive into the Clyburns’ journey of healing and upheaval in the Madison valley.
Business
Bernstein SocGen cuts Humana stock price target on Stars pressure

Bernstein SocGen cuts Humana stock price target on Stars pressure
Business
Macquarie downgrades DiDi stock rating on Brazil expansion costs

Macquarie downgrades DiDi stock rating on Brazil expansion costs
Business
Deploy Cash Now Into Double-Digit Yielding Passive Income
Austin Rogers is a REIT specialist with a professional background in commercial real estate. He writes about high-quality dividend growth stocks with the goal of generating the safest growing passive income stream possible. Since his ideal holding period is “lifelong,” his focus is on portfolio income growth rather than total returns. Austin is a contributing author for the investing group High Yield Landlord, one of the largest real estate investment communities on Seeking Alpha, with thousands of members. It offers exclusive research on the global REIT sector, multiple real money portfolios, an active chat room, and direct access to the analysts. Learn more.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of ARES, BX, BAM, CGDG, TDIV, HTGC, TRIN, IIPR.PR.A either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Business
Goldman Sachs says oil flows through Strait of Hormuz down sharply

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