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Corporate

Adani targets 10 GW nuclear capacity by 2035

The Adani Group has unveiled one of its most ambitious energy expansion plans yet, betting heavily on nuclear power while committing trillions of rupees to strengthen its position across India’s fast-growing energy sector.

Addressing shareholders at the group’s Annual General Meeting (AGM), Chairman Gautam Adani laid out a roadmap that reflects the scale of India’s future electricity needs. At the centre of the plan is a target to build 10 gigawatts (GW) of nuclear power capacity by 2035, signalling the conglomerate’s intention to become a major player in a segment that has traditionally been dominated by the public sector.

The announcement comes as India seeks to balance rapid economic growth with the need for cleaner and more reliable energy sources. According to Adani, the country’s rising population, expanding cities and accelerating industrialisation will significantly increase electricity demand over the coming decades, requiring investments across multiple power technologies.

To support this vision, Adani Power plans to invest more than ₹2 trillion over the next five years. The company aims to increase its total power generation capacity to 45 GW, strengthening its standing among India’s largest private electricity producers.

While renewable energy remains a key pillar of the group’s strategy, Adani indicated that conventional thermal power will continue to play an important role in ensuring energy security. The company intends to maintain a diversified energy portfolio that combines thermal, renewable and nuclear power generation.

Beyond electricity production, the group is expanding across the broader energy ecosystem. Gautam Adani highlighted investments in solar manufacturing, power transmission infrastructure, green hydrogen projects and renewable energy developments. The objective, he said, is to create an integrated energy platform capable of supporting India’s long-term growth ambitions.

The nuclear power target is particularly significant because India is increasingly exploring low-carbon energy sources that can provide stable electricity around the clock. Unlike solar and wind power, nuclear plants can generate power continuously, making them an important complement to renewable energy.

Although regulatory clearances and government policy support will be critical for the proposed nuclear programme, the message from the Adani Group was clear: it sees India’s energy demand growing rapidly in the years ahead and wants to be at the forefront of meeting that demand. With major investments planned across multiple sectors, the group is positioning itself for what it believes will be the next phase of India’s energy transformation.

Also Read: Gold slips to ₹141,220, silver falls to ₹211,710

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Beyond

Gold slips to ₹141,220, silver falls to ₹211,710

Gold prices stayed under pressure on Thursday as easing geopolitical tensions and a stronger US dollar reduced demand for safe-haven assets. Many investors also booked profits after the recent rally.

On the Multi Commodity Exchange, gold futures for August delivery were trading 0.16% lower at ₹141,220 per 10 grams around 9:13 am. MCX silver futures were also weak, slipping 0.96% to ₹211,710 per kg at the same time.

Retail gold prices across major Indian cities also saw a mild decline. According to market data, 24-carat gold was trading around ₹99,000 per 10 grams in several metros, while 22-carat gold stayed near ₹90,700 per 10 grams. Silver prices too softened, with the metal hovering around ₹1.08 lakh per kilogram in key markets.

The recent cooling in prices comes after a sharp rise earlier this month, when investors rushed to precious metals amid fears of rising tensions in the Middle East. But as geopolitical worries eased and concerns over supply disruptions faded, risk sentiment improved. That pushed some traders back towards equities and other riskier assets.

A stronger US dollar added more pressure on gold. Since the yellow metal is priced globally in dollars, a firmer greenback makes it costlier for buyers using other currencies, which can reduce demand. Market participants are also watching signals from the US Federal Reserve closely, as worries that interest rates may stay higher for longer continue to weigh on bullion.

The weakness was also visible in exchange-traded funds linked to precious metals. Gold and silver ETFs fell as much as 4% in recent sessions, reflecting investor caution and profit booking after months of strong gains. Analysts said the mix of a firm dollar, easing geopolitical stress and uncertainty over future rate cuts has temporarily softened sentiment for precious metals.

Even so, market experts remain positive on gold over the longer term. Ongoing global uncertainty, central bank buying and expectations of eventual monetary easing could continue to support prices. Many investors still see gold as a useful hedge against inflation and wider economic volatility.

Also Read: Tata Motors bets on value-led passenger vehicle growth

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Beyond

Tata Motors bets on value-led passenger vehicle growth

Tata Motors has laid out an ambitious plan for its passenger vehicle business, aiming to nearly double revenue and sales volumes by 2031 as it works to strengthen its position in India’s crowded auto market.

The company expects passenger vehicle revenue to rise from about ₹3.36 lakh crore in FY26 to more than ₹6 lakh crore by FY31. During the same period, sales volumes are projected to climb from around 6.4 lakh units to over 12 lakh units.

Tata Motors is also targeting a market share of about 20%, supported by a wider product range, stronger electric vehicle offerings and growth across multiple fuel technologies, including CNG and hybrid models.

To reach these goals, the automaker plans to invest heavily in passenger vehicles and electric mobility over the next five years. It will focus on launching new models, expanding production capacity and improving profitability. The company expects its manufacturing base to grow significantly to meet future demand.

The strategy comes at a time when competition in India’s auto sector is heating up, especially in the electric vehicle space. Rivals such as Mahindra & Mahindra and JSW MG Motor have been expanding quickly, pushing Tata Motors to move faster with its own plans.

Company executives said future growth will come from a mix of premium vehicles, electric cars and technology-driven offerings. Tata Motors is also aiming for better operating margins and stronger cash generation as part of its long-term roadmap.

The plan reflects the company’s confidence in the long-term potential of India’s passenger vehicle market. Rising incomes, growing cities and increasing interest in cleaner mobility are expected to support demand over the coming years.

Also Read: Vedanta promoter trims stake through ₹2,149 cr block deal

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Corporate

Vedanta promoter trims stake through ₹2,149 cr block deal

Vedanta shares came under pressure after promoter entity Twin Star Holdings sold a stake worth about ₹2,149 crore through a large block deal, triggering a sharp decline in the mining and metals company’s stock price. The transaction has attracted significant market attention as investors evaluate its impact on promoter ownership and the group’s broader financial strategy.

According to exchange data, around 7.3 crore shares, representing nearly 1.8% of Vedanta’s equity, changed hands through block transactions at ₹292 per share. The deal was valued at approximately ₹2,149 crore and was widely expected by market participants after reports emerged that Twin Star Holdings planned to reduce its stake.

Following the transaction, Vedanta shares fell sharply during trading, at one point dropping nearly 9% before recovering some losses. The decline reflected investor concerns over the large-scale promoter stake sale and the possibility of further share sales in the future.

Sources familiar with the matter indicated that the proceeds from the stake sale may be used to reduce debt at parent company Vedanta Resources. The group has been actively pursuing deleveraging efforts while advancing its restructuring plans following the recent demerger of several business units.

Despite the sharp fall in the stock, analysts said the transaction does not directly affect Vedanta’s operational performance. The company continues to maintain a diversified portfolio spanning metals, mining, oil and gas, and power businesses. However, investors are likely to keep a close watch on promoter actions and any additional stake sales that may emerge in the coming months.

Also Read: Teen entrepreneur builds crore-plus AI venture without degrees

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1 Minute-Read

Teen entrepreneur builds crore-plus AI venture without degrees

A 19-year-old entrepreneur Ayush Singh is drawing attention after reportedly building an AI venture that earns about ₹1 crore a month. Ayush Singh, who began learning machine learning at 13 during the pandemic, taught himself using a laptop, internet access and determination.

Coming from a family that faced financial strain, he turned early curiosity into real-world skills. He later worked with overseas startups, founded Antern and co-founded Second Brain Labs.

His story has gone viral, with many praising him as proof that persistence and practical skills can matter as much as elite degrees in fast-changing fields like artificial intelligence and startups today.

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Beyond

Trump sets quantum cybersecurity deadlines

The United States has launched a major effort to strengthen its digital defences against future cyber threats posed by quantum computing, with President Donald Trump signing a new executive order that sets firm deadlines for the adoption of post-quantum cryptography across federal systems.

The move comes amid growing concerns that powerful quantum computers could eventually crack many of today’s widely used encryption methods, potentially exposing sensitive government, business and personal data. Cybersecurity experts have long warned about a future scenario known as “harvest now, decrypt later,” where attackers collect encrypted information today in the hope of breaking it once quantum technology becomes powerful enough.

Under the new directive, federal agencies will be required to accelerate their transition to post-quantum cryptography, a new generation of encryption designed to withstand attacks from quantum computers. The order establishes clear timelines for protecting critical government systems and high-value digital assets over the coming years.

The White House said the initiative is aimed at safeguarding national security, critical infrastructure and the broader digital economy. Officials warned that adversaries are investing heavily in advanced computing technologies, making it essential for the US to prepare before quantum threats become a reality.

Alongside the cybersecurity measures, the administration also unveiled a broader quantum technology strategy focused on accelerating research and development. The plan includes efforts to advance next-generation quantum computers, strengthen domestic innovation and maintain US leadership in a field increasingly viewed as strategically important.

The executive order reflects a growing recognition that quantum computing represents both an opportunity and a security challenge. While the technology promises breakthroughs in science, medicine and artificial intelligence, it could also undermine traditional cybersecurity protections if preparations are delayed.

By setting clear deadlines and accelerating the shift to quantum-resistant security, Washington hopes to stay ahead of emerging threats and ensure that critical data remains protected in the decades ahead.

Also Read: China leads supercomputer rankings after 9 years

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Leaders

Realme India CEO Michael Guo resigns

Realme India is set for a significant leadership transition after CEO Michael Guo stepped down amid a broader restructuring exercise led by parent company Oppo. The move comes as Oppo pushes ahead with plans to bring Realme and OnePlus closer under a unified operating structure aimed at streamlining operations and improving efficiency.

According to company sources, Michael Guo resigned due to health-related reasons after spending nearly eight years working on Realme’s India business. Guo took charge of the India operations in 2023 following the departure of former Realme India head Madhav Sheth and played a key role in expanding the brand’s presence in one of its most important global markets.

His exit comes at a time when Oppo is reshaping its smartphone business strategy. The Chinese technology giant is reportedly working towards managing Oppo, Realme and OnePlus as part of a coordinated ecosystem rather than as separate competing brands. Under the new structure, Realme is expected to gradually transition from operating as an independent smartphone brand to functioning more like a product series within the larger Oppo ecosystem.

As part of the transition, Chase Xu, Vice President of Realme Global, is expected to oversee the India business. Industry observers believe the integration could help Oppo reduce operational overlap, improve resource sharing and strengthen supply-chain management at a time when smartphone makers are facing rising competition and margin pressures.

The restructuring is also expected to lead to workforce rationalisation over the coming months, with duplicate roles across teams likely to be reviewed. Reports suggest that some employees have already exited as the company begins aligning operations with the new structure.

For consumers, the changes may not be immediately visible. Realme and OnePlus are expected to continue operating as distinct brands in the market, with separate product identities and customer communities. However, behind the scenes, product development, distribution and support functions are likely to become increasingly integrated.

The development marks one of the biggest organisational changes for Realme since its launch in India and signals Oppo’s intent to build a more unified smartphone ecosystem as competition intensifies across price segments.

Also Read: Sensex rallies over 650 points, Nifty tops 24,000

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Corporate

Sensex drops 800 points, Nifty closes below 23,850

Markets witnessed a sharp sell-off on Tuesday, with the benchmark Sensex plunging nearly 900 points and the Nifty slipping below the 24,000 mark as investors rushed to book profits amid weak economic data and concerns over global interest rates.

The BSE Sensex closed around 76,200, down 1.16%, while the NSE Nifty 50 fell by a similar margin. The decline came after a strong rally in recent sessions and was led largely by information technology and metal stocks.

Among the biggest losers were Infosys, Tata Consultancy Services (TCS), Wipro and HCL Technologies, as concerns over slowing global technology spending and expectations of higher-for-longer US interest rates weighed on sentiment. The Nifty IT index dropped more than 2%, making it the worst-performing sector of the day.

Metal stocks also came under pressure as global commodity prices weakened. Investors were further unsettled by data showing India’s private-sector growth slowing to a three-month low in June, with services activity touching a 17-month low. Concerns over an uneven monsoon also added to market nervousness.

Not all sectors ended in the red. Pharmaceutical stocks emerged as safe havens, with Sun Pharma, Cipla and Dr Reddy’s Laboratories attracting buying interest. The pharma index outperformed the broader market as investors shifted towards defensive sectors amid uncertainty.

Market experts said profit-booking after the recent rally, foreign investor caution and worries over the US Federal Reserve’s policy outlook combined to trigger the broad-based decline. A stronger US dollar and weakness across Asian markets further dampened sentiment.

Despite the sharp fall, analysts believe domestic market fundamentals remain relatively resilient. However, investors are expected to closely track upcoming economic data, monsoon progress and global central bank signals for direction in the coming weeks. For now, Tuesday’s session served as a reminder that market optimism can quickly give way to caution when economic and global uncertainties resurface.

Also Read: Renault begins exporting India-made Duster to South Africa

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Corporate

SpaceX discussions fuel 35% rally in Blue Cloud

Shares of Hyderabad-based Blue Cloud Softech Solutions witnessed a sharp rally after the company announced plans to explore artificial intelligence (AI) opportunities in collaboration with SpaceX, drawing significant attention from investors.

The stock gained nearly 35% over two trading sessions, reflecting market enthusiasm around the company’s potential involvement in emerging AI-driven initiatives. The announcement has put the small-cap technology firm in the spotlight as investors look for companies positioned to benefit from the global AI boom.

According to the company, discussions are underway to explore opportunities that combine artificial intelligence capabilities with advanced space and satellite technologies. While the collaboration remains at an exploratory stage, the association with SpaceX has generated optimism about future growth prospects.

Blue Cloud Softech said it is evaluating ways to leverage AI solutions across sectors that could benefit from satellite connectivity, data analytics and next-generation digital infrastructure. The company believes AI will play a critical role in transforming industries ranging from communications and logistics to enterprise services.

The development comes at a time when AI-related stocks are attracting strong investor interest globally. Market participants have been quick to reward companies announcing strategic initiatives linked to artificial intelligence, especially those involving globally recognised technology players.

 Blue Cloud Softech sees opportunities in developing AI-powered solutions that can support businesses and governments as demand for intelligent automation continues to rise. The SpaceX-linked discussions have provided a significant visibility boost. As the company explores new technological avenues, investors will closely monitor developments to see whether these early conversations translate into concrete projects and long-term business growth.

Despite the uncertainty, the market reaction highlights the growing excitement surrounding AI-related opportunities. Companies that demonstrate a clear strategy for participating in the evolving AI ecosystem are increasingly attracting investor attention.

Investors responded positively to the news, driving a sharp increase in trading volumes and share prices. However, analysts note that the discussions are still in the early stages and any commercial benefits will depend on how the proposed initiatives progress over time.

Also Read: Kirloskar oil jumps 31% after AI contract

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Corporate

Kirloskar oil jumps 31% after AI contract

Shares of Kirloskar Oil Engines continued their strong upward momentum, extending a two-day rally after the company announced a significant order linked to India’s fast-growing artificial intelligence (AI) data centre sector.

The stock surged more than 30% over two trading sessions, drawing strong investor interest after the company secured a large order to supply power generation systems for an AI-focused data centre project. The development has reinforced expectations that Kirloskar Oil Engines could emerge as a key beneficiary of rising investments in digital infrastructure.

According to the company, the order involves supplying advanced backup power solutions for a data centre designed to support AI workloads. As demand for AI applications grows, data centres require reliable and uninterrupted power, creating new business opportunities for equipment manufacturers and power solution providers.

Investors reacted positively to the announcement, pushing the stock sharply higher. Market participants view the contract as a validation of Kirloskar Oil Engines’ capabilities in serving high-growth sectors beyond its traditional industrial and power-generation markets.

Brokerage firm JM Financial also maintained a positive outlook on the stock, citing the company’s improving business prospects and potential gains from emerging opportunities in data centres and infrastructure. Analysts believe the order could strengthen revenue visibility and enhance the company’s position in a rapidly expanding segment.

India’s data centre industry has been witnessing significant investment as cloud computing, artificial intelligence and digital services drive demand for computing capacity. Reliable power systems are considered critical infrastructure for these facilities, where even short disruptions can lead to substantial operational losses.

For Kirloskar Oil Engines, the contract represents more than just a new order. It signals the company’s entry into a promising growth area at a time when AI-led investments are reshaping technology and infrastructure spending globally.

The rally in the stock also reflects broader investor enthusiasm for companies linked to the AI ecosystem.

Also Read: Jumpp enters UPI arena after NPCI greenlight