Adani Group to Invest $100B in AI
Your daily dose of business news
🗞️ Gujarat Tables ₹4.08 Lakh Cr Budget for FY27
Gujarat has tabled its FY27 budget with a 10.2% increase over last year, focusing on infrastructure, healthcare, and welfare.
The budget aims to promote sustainable economic growth through increased capex and investments in critical sectors.
💬 Expert Take — “The rise in Gujarat’s budget allocation is a positive signal for regional growth and infrastructure-led job creation.”
🗞️ ICICI Prudential Life Faces ₹9.84B Tax Demand
ICICI Prudential Life has received a ₹9.84 billion tax demand from the government, raising concerns around the regulatory environment for insurance companies.
The company plans to challenge the demand, which could have significant implications for the sector.
🗞️ Mukesh Ambani Makes ₹10 Lakh Cr Bet on AI
Mukesh Ambani committed ₹10 lakh crore to advancing India’s AI capabilities, highlighting the country’s growing role in the global AI race.
This bet underpins Reliance’s vision of AI as a transformative force across sectors.
🗞️ Waaree Energies to Develop ₹8,000 Cr Lithium-Ion Gigafactory
Waaree Energies will invest ₹8,000 crore to develop a lithium-ion battery gigafactory in Andhra Pradesh, supporting India’s green energy transition.
This project is expected to strengthen India’s position in the global electric vehicle supply chain.
🗞️ India Sets Guinness World Record for AI Pledges
India achieved a Guinness World Record with over 2.5 lakh AI responsibility pledges in 24 hours at the India AI Impact Summit 2026.
The record underscores India’s commitment to ethical AI development.
🗞️ FedEx to Invest $276M in Navi Mumbai Cargo Hub
FedEx will invest $276 million to set up an automated cargo hub at Navi Mumbai airport, boosting India’s logistics and supply chain infrastructure.
The move reflects growing confidence in India’s potential as a global logistics hub.
🗞️ Adani Group Plans $100B AI Investment by 2035
Adani Group is planning to invest $100 billion in AI infrastructure by 2035, focusing on areas like clean energy, smart cities, and healthcare.
The investment reflects Adani’s long-term vision for AI-driven growth.
🗞️ PM Modi Calls for Human-Centric AI
PM Modi called for a human-centric approach to AI and expressed his vision for India to become one of the top three AI superpowers by 2047.
This reinforces the government’s commitment to leveraging AI for inclusive development.
📊 Market Update
📉 Sensex: 82,498.14 ▼ 1,236.11 pts (–1.48%)
📉 Nifty 50: 25,454.35 ▼ 365.00 pts (–1.41%)
🪙 Gold (per gram): 24K ₹15,420 ▲ ₹229 | 22K ₹14,135 ▲ ₹210
🥈 Silver (per kg): ₹2,55,000 ▲ ₹7,000