Adani Group

TNN

India is emerging as a global electronics manufacturing hub. A new Google Cloud India AI Hub in Visakhapatnam, a $15 billion project, will boost AI and data capabilities. This initiative strengthens India's digital backbone and positions the country as a trusted partner in global supply chains.

The Centre has notified a new broad-gauge railway line connecting Tikiri station to Adani and Vedanta's bauxite mines in Kutrumali and Sijimali. This 55 km public-private partnership project aims to facilitate bauxite transportation, despite recent village protests against mining development. Officials emphasize swift land acquisition and construction for the project.

According to the latest wealth rankings, Adani’s net worth has reached $92.6 billion, placing him ahead of Ambani, whose fortune is estimated at $90.8 billion. This shift has positioned Adani at the top spot both in India and across Asia.

Google has commenced construction of its largest AI hub in Visakhapatnam, India, a significant digital infrastructure investment. Partnering with AdaniConneX and Nxtra, the hub aims to bolster India's AI growth and digital economy. The project signifies a commitment to local talent development and responsible resource management.

adani group stocks surged up to 13% after Gautam Adani sought dismissal of a US SEC civil case, citing no credible evidence of bribery. Lawyers argued the alleged actions were extraterritorial and took place in India. This, along with a positive outlook for Adani Green Energy, boosted investor sentiment.

India's Union Sports Minister suggested a 2027 Formula 1 return, with the Buddh International Circuit as the proposed venue. However, Formula 1 has stated a 2027 return is unlikely due to complex planning requirements. Renewed interest exists, with the adani group reportedly set to acquire the circuit.

Sports Minister Mansukh Mandaviya announced efforts to bring Formula 1 back to India in 2027, aiming to resolve tax hurdles that caused its departure in 2013. While the minister expressed confidence, Formula 1 sources indicated an agreement is still distant, though India remains a market of interest.

Odisha Chief Minister Mohan Charan Majhi launched 36 industrial projects worth Rs 40,811 crore, poised to create over 59,000 jobs. These initiatives span green energy, metals, textiles, and more, with significant investments from the adani group. Majhi highlighted Odisha's transition to prosperity, marking a "second industrial revolution" and a commitment to economic growth and 'Odia Asmita'.

Group's resolution plan for the takeover of insolvent Jaiprakash Associates Limited.

Bihar's government is aggressively pursuing industrial development, aiming to become a prime investment hub. Plans include setting up industrial townships, an electronic city near Sonepur, and a semiconductor unit near Gaya. The state has already received significant investment proposals and is actively supporting startups and MSMEs to create substantial employment opportunities across Bihar.

Rahul Gandhi addressed a rally in Puducherry, criticizing the current government as Delhi-imposed. He pledged statehood for the Union Territory and promised significant welfare initiatives. These include monthly support for unemployed youth, job creation, free bus travel for women, and health insurance. Gandhi emphasized empowering local leadership and holding timely local body polls.

India's aviation landscape is undergoing a significant transformation, shifting from single, overburdened airports to a dual-airport model in major cities like Delhi-NCR and Mumbai. This strategic move aims to alleviate congestion, foster economic growth, and position India as a global aviation hub, mirroring international standards and preparing for a future of mass air travel.

Airbus is considering establishing a final assembly line (FAL) in India for its ATR regional aircraft, driven by the government's focus on enhancing aerial connectivity. This move aligns with India's 'Make in India' vision and could reduce acquisition costs for local airlines, potentially boosting regional air travel.

Odisha's 'Make in Odisha' initiative has attracted over Rs 24 lakh crore in investment proposals since 2016, with 118 major projects already operational, generating nearly a lakh jobs. Key sectors like steel, aluminium, and green hydrogen are driving this growth, with significant investments from major players like Vedanta and JSW.