Category: Corporate

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Corporate

Adani eyes AI growth with green data centres

Adani Group is accelerating its push into data centres and digital infrastructure, positioning itself to play a key role in India’s growing artificial intelligence (AI) ecosystem. Group Chairman Gautam Adani said the conglomerate is now focused on building assets at scale, with investments spanning renewable energy, data centres, transmission networks and other infrastructure sectors.

Speaking about the group’s strategy, Adani said the focus is on creating long-term infrastructure platforms capable of supporting India’s rapid economic and technological growth. He noted that the next phase of development will be driven by large-scale investments in areas that are critical to the country’s future, including AI-powered digital infrastructure.

A major part of this strategy involves the development of green data centres powered by renewable energy. As AI adoption expands, demand for computing power and data storage is expected to rise significantly. Data centres, which form the backbone of digital services and AI applications, require vast amounts of electricity to operate. The Adani Group aims to meet this demand through clean energy sources, combining its strengths in renewable power generation with digital infrastructure development.

It is believed India’s AI ambitions will require massive investments in data processing capacity, cloud infrastructure and reliable power supply. The Adani Group sees an opportunity to create integrated facilities that combine renewable energy generation, transmission infrastructure and advanced data centre operations.

Gautam Adani said the group’s objective is not merely to participate in emerging sectors but to build infrastructure at a scale that can support national growth for decades. He highlighted that India’s digital economy is expanding rapidly and will require robust infrastructure to meet future demand.

The company has already made substantial investments in solar and wind energy projects and is among the country’s largest renewable energy developers. By linking these capabilities with data centre infrastructure, the group hopes to offer sustainable solutions for technology companies, cloud providers and AI-focused businesses.

Also Read: Manufacturing growth sees 3-month high in India

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Sensex rises to 380 points, Nifty tops 23,450

Indian equity benchmarks staged a strong comeback on Tuesday, snapping a four-session losing streak as the BSE Sensex closed 383 points higher and the NSE Nifty ended above the 23,450 mark.

IT stocks emerged as the biggest gainers of the day. HCL Technologies, Tech Mahindra, Infosys and Wipro witnessed strong buying interest as investors remained optimistic about demand for artificial intelligence-related services and a gradual improvement in global technology spending. The Nifty IT index surged nearly 4%, making it the best-performing sectoral index.

Despite the broader market recovery, some sectors remained under pressure. Pharmaceutical stocks such as Sun Pharma, Dr Reddy’s Laboratories and Cipla were among the top losers. Reliance Industries, Indraprastha Gas and Bharat Petroleum Corporation also ended lower, weighing on the oil and gas segment.

Investors continued to track developments related to US-Iran negotiations and the broader geopolitical situation in West Asia. Elevated crude oil prices remain a concern for markets because of their potential impact on inflation and India’s import bill. However, hopes of diplomatic progress helped improve risk appetite during the session.

Foreign investors remained net sellers, though domestic institutional buying provided support to the market. Analysts said the sharp rebound from intraday lows indicates resilience in investor sentiment despite global uncertainties.

Also Read: Google DeepMind CEO questions AI-led layoffs

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Sensex drops over 100 points, Nifty slips below 23,350

Indian stock markets opened low on Tuesday as the BSE Sensex fell more than 100 points during intraday trade, while the NSE Nifty slipped below the 23,350 mark.

Among the Sensex gainers were Infosys, Tata Consultancy Services (TCS), HCL Technologies, Tech Mahindra and Wipro, supported by buying in IT stocks. On the losing side, Larsen & Toubro, Axis Bank, State Bank of India, Mahindra & Mahindra and NTPC were among the major laggards. Markets opened sharply lower, with the Sensex initially dropping over 400 points and the Nifty falling below 23,250 before recovering some losses later in the session. Gains in information technology (IT) stocks helped reduce the overall decline.

Investor sentiment remained weak due to uncertainty surrounding US-Iran peace negotiations and ongoing tensions in the region. Global markets are closely monitoring developments, as any escalation could disrupt energy supplies and impact global economic growth.

Crude oil prices remained elevated near $95 per barrel, raising concerns about inflation and increasing India’s import costs. Analysts said markets are likely to remain range-bound with a negative bias until there is greater clarity on geopolitical developments and oil prices show signs of stabilising.

Foreign investors continued to withdraw money from Indian equities, adding pressure on benchmark indices. Persistent FII selling has been a major factor behind the recent weakness in the market. Market data shows that Indian equities have seen significant foreign outflows this year amid global uncertainty and risk-averse investor sentiment.

Market experts expect volatility to continue in the near term as investors keep a close watch on crude oil prices, foreign fund flows and developments in the Middle East. The Reserve Bank of India’s upcoming monetary policy decision is also likely to influence market sentiment and determine the direction of trading in the coming days.

Also Read: RBI likely to hold rates in policy review

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Corporate

Asian Paints gains 4% after Q4 results

Asian Paints shares rose by 4-5 per cent after the company reported stronger-than-expected fourth-quarter results, prompting several brokerages to maintain positive views on the stock and project significant upside potential.

The paint maker’s earnings performance was better than market expectations, supported by improved margins and stable operational performance. Investors responded positively to the results, pushing the stock higher in early trade.

Brokerages said the company delivered a stronger quarter despite a challenging demand environment and competitive pressure in the paints sector. Analysts noted that improving profitability and expectations of a gradual recovery in demand supported investor sentiment.

Several firms retained positive ratings on Asian Paints and highlighted the possibility of further gains in the stock. Some brokerages projected upside potential of up to 34 per cent from current levels, citing the company’s strong market leadership, brand strength and long-term growth prospects.

However, analysts remained divided on the near-term outlook. While some believe demand could improve gradually with better economic activity and housing-related spending, others cautioned that competitive intensity in the paints market may continue to put pressure on growth and pricing.

The company has been facing increased competition following the entry and expansion of new players in the sector. Despite this, brokerages said Asian Paints continues to benefit from its extensive distribution network, strong customer recall and dominant market position.

Investors appeared encouraged by management’s outlook and expectations that demand conditions may strengthen over time. The stock’s rise reflected confidence that Asian Paints can maintain its leadership position even as the industry becomes more competitive.

While opinions differ on the pace of recovery, most brokerages agree that Asian Paints remains one of the key players in the sector. The positive reaction in the stock market suggests investors are focusing on the company’s earnings resilience and future growth potential rather than short-term industry challenges.

Market experts also pointed to signs of margin improvement, helped by easing input costs and operational efficiencies. They said sustained improvement in profitability could support earnings growth in the coming quarters.

The strong move in the share price underlined renewed optimism around the company’s outlook following its quarterly earnings announcement.

Also Read: IndiGo shares jump 5% despite Q4 loss

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Sensex drops 500 points, Nifty slips below 23,400

The equity markets ended sharply lower on Monday, with the Sensex falling nearly 500 points and the Nifty slipping below the 23,400 mark as investors reacted to global uncertainties, rising crude oil prices and profit-booking in heavyweight stocks.

Heavyweight stocks including Infosys, HDFC Bank, Reliance Industries and ICICI Bank were among the major losers, contributing significantly to the decline in benchmark indices. Selling pressure was also seen in several technology and financial counters as investors booked profits after recent gains.

Despite the weak broader sentiment, a few stocks managed to remain in positive territory. Tata Motors and State Bank of India (SBI) were among the notable gainers, supported by stock-specific buying and investor interest in select sectors.

Analysts said caution also prevailed ahead of key global economic data and central bank developments, prompting investors to reduce risk exposure. Foreign fund flows and fluctuations in global markets added to the uncertainty.

The decline comes after a period of strong gains in domestic equities, leading some investors to lock in profits. Market participants noted that while the broader long-term outlook for Indian equities remains positive, short-term volatility could persist due to global developments and commodity price movements.

Investors are expected to closely track crude oil prices, geopolitical developments and upcoming economic indicators for further direction. Analysts believe market sentiment may remain sensitive to global cues in the near term.

The market’s performance highlighted investor caution as concerns over global risks overshadowed positive domestic economic indicators.

Also Read: IndiGo shares jump 5% despite Q4 loss

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IndiGo shares jump 5% despite Q4 loss

Shares of IndiGo surged nearly 5 per cent after the airline reported its fourth-quarter results, with investors and analysts looking beyond a reported loss and focusing on the company’s long-term growth potential.

The stock gained around 4-5 per cent in early trade as several leading brokerages maintained positive views on the airline. Analysts said the quarterly loss was largely driven by temporary factors and did not alter the company’s strong position in the Indian aviation market.

IndiGo reported a loss for the March quarter, disappointing some investors. However, market participants appeared encouraged by management’s outlook, robust demand trends and expectations of improved profitability in the coming quarters.

Brokerage firms including Goldman Sachs, Jefferies and other market analysts highlighted that the airline continues to benefit from its dominant market share, expanding fleet and strong domestic travel demand. They noted that one-off costs and short-term operational challenges had affected quarterly earnings but were unlikely to significantly impact the company’s long-term performance.

Analysts also pointed to improving passenger traffic, healthy capacity expansion plans and a favourable demand environment for air travel. India’s aviation sector continues to experience strong growth, supported by rising incomes, increased connectivity and growing preference for air travel.

Investors appeared to focus on these structural growth drivers rather than the quarterly loss. The positive market reaction reflected confidence that the airline can overcome near-term pressures and return to stronger profitability.

Several brokerages retained their “buy” ratings on the stock and maintained optimistic target prices. They cited IndiGo’s leadership position in the domestic aviation market and its ability to benefit from sustained growth in passenger demand.

The strong rise in IndiGo shares following the results suggests that investors remain confident in the airline’s growth story. Analysts believe the company is well-positioned to capitalise on the continued expansion of India’s aviation sector, even as it navigates short-term challenges.

Experts noted that airline earnings can often be affected by temporary factors such as fuel price fluctuations, foreign exchange movements and operational expenses. As a result, investors frequently place greater emphasis on long-term business fundamentals and future earnings potential.

Also Read: Nvidia CEO Jensen Huang’s dance moves go viral

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Nvidia CEO Jensen Huang’s dance moves go viral

Nvidia CEO Jensen Huang has gone viral on social media after a video of him dancing with employees at a company event in Taiwan captured widespread attention online.

The video, which has been shared extensively across social media platforms, shows Huang enthusiastically joining staff members on stage during a celebratory event. Known globally for leading Nvidia’s rise as one of the world’s most valuable technology companies, Huang surprised many by showcasing his lighter side and participating in the dance performance.

The event took place in Taiwan, where Huang has been attending a series of engagements linked to the technology industry and Nvidia’s growing presence in the region. The video quickly gained traction online, with users praising the executive’s energy, confidence and willingness to interact with employees in an informal setting.

Many social media users described the moment as refreshing, noting that it highlighted Huang’s approachable leadership style. Others commented on the contrast between his role as a prominent technology executive and his relaxed, enthusiastic performance on stage.

The viral clip comes at a time when Nvidia continues to dominate headlines due to its leadership in artificial intelligence and semiconductor technology. Under Huang’s leadership, the company has emerged as a key player in the global AI boom, with its chips powering advanced AI systems used by businesses and research institutions worldwide.

Despite his status as one of the most influential figures in the technology industry, Huang is often recognised for maintaining a strong connection with employees and customers. Supporters said the dance performance reflected the company culture he has helped build over the years.

The video sparked a wave of positive reactions online, with many users sharing memes, comments and appreciation posts. Several viewers remarked that seeing a top executive participate in a fun employee event made him appear more relatable.

As the clip continues to circulate, it has become another memorable public moment for Huang, whose popularity extends beyond the technology sector. The viral video has added a human touch to the image of a business leader best known for driving innovation in the rapidly evolving AI industry.

Also Read: NLC India, Reliance partner for Gujarat Lignite gasification study

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NLC India, Reliance partner for Gujarat lignite gasification study

State-run NLC India Ltd and Reliance Industries Ltd have partnered to explore the potential of underground lignite gasification in Gujarat, a move aimed at developing alternative energy resources from domestic fuel reserves.

The two companies have signed an agreement to jointly conduct feasibility studies for an underground lignite gasification (ULG) project in the state. The study will assess the technical, economic and environmental viability of converting lignite deposits into usable gas without conventional mining.

Underground lignite gasification is a process in which lignite, a low-grade form of coal, is converted into synthetic gas while remaining underground. The gas produced can be used for power generation, industrial purposes and the production of chemicals and fuels.

Officials said the collaboration will focus on evaluating Gujarat’s lignite reserves and determining whether the technology can be commercially deployed. If successful, the project could help utilise energy resources that are difficult or uneconomical to extract through traditional mining methods.

The partnership brings together NLC India’s experience in lignite mining and power generation with Reliance Industries’ expertise in energy and technology. The companies believe the initiative could create new opportunities for cleaner and more efficient use of domestic fuel resources.

India has been exploring advanced technologies to strengthen energy security and reduce dependence on imported fuels. Underground gasification has gained attention because it can access deep lignite reserves while potentially lowering the environmental impact associated with surface mining.

The feasibility study will examine geological conditions, resource availability, technological requirements, environmental considerations and commercial prospects. Based on the findings, the companies will decide on the next phase of the project.

The collaboration reflects growing interest in innovative energy technologies as India seeks to meet rising energy demand while balancing sustainability goals. The outcome of the study is expected to be closely watched by the energy sector and policymakers.

The successful implementation of underground lignite gasification could support India’s energy diversification efforts and provide new fuel sources for industrial growth.

Also Read: Nvidia teams up with Microsoft on new PC chip

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Wockhardt jumps 14% on USFDA nod for Zaynich

Wockhardt shares surged nearly 14% on Monday after the company received approval from the US Food and Drug Administration (USFDA) for its novel antibiotic, Zaynich.

The drug, scientifically known as zoliflodacin, has been approved for the treatment of uncomplicated gonorrhoea, a common sexually transmitted bacterial infection. The approval is significant as Zaynich belongs to a new class of antibiotics and is designed to address the growing challenge of antimicrobial resistance.

The USFDA clearance marks a major milestone for Wockhardt, which has invested heavily in research and development of innovative anti-infective therapies. The company said the approval is the result of years of scientific research and clinical development.

Zaynich is being seen as an important breakthrough because it is among the first new treatment options for gonorrhoea in decades. Health experts have repeatedly highlighted the need for new antibiotics as resistance to existing treatments continues to rise globally.

Investors welcomed the development, pushing Wockhardt shares sharply higher during the trading session. Analysts said the approval validates the company’s research capabilities and could create new growth opportunities in international markets.

The approval also strengthens Wockhardt’s position as a research-driven pharmaceutical company focused on developing treatments for drug-resistant bacterial infections. Industry experts believe the drug could help address a critical healthcare need while enhancing the company’s global presence.

With antimicrobial resistance emerging as a major public health challenge worldwide, the launch of new antibiotics has become increasingly important. Market participants will now watch the commercial rollout of Zaynich and its potential contribution to Wockhardt’s future revenues and earnings.

Also Read: Gold slips to ₹1.57 lakh, silver falls to ₹2,79,900

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Sensex slips 500 points, Nifty closes below 23,550

Markets opened on a positive note on June 1, but turned volatile through the session, with investors booking profits across banking, auto and consumer-focused stocks. The BSE Sensex fell 573 points, or 0.74%, to close at 77,332, while the NSE Nifty50 declined 169 points to settle below the 23,550 mark.

Concerns over foreign capital outflows, elevated oil prices and uncertainty surrounding global geopolitical developments triggered broad-based selling during the second half of trade.

Infosys, TCS and HCLTech emerged as key gainers, benefiting from renewed interest in export-oriented sectors amid global market uncertainty and expectations of stable earnings growth. Among the biggest laggards on the Sensex pack were IndusInd Bank, Trent, Adani Ports, Mahindra & Mahindra and Bajaj Finance, which came under significant pressure.

Experts said the market was also impacted by concerns over the monsoon outlook and the potential inflationary impact of rising crude prices. Higher oil costs could increase India’s import bill and put pressure on corporate margins, prompting investors to adopt a cautious approach.

The broader market also witnessed weakness, with several mid-cap and small-cap stocks trading lower. Traders noted that portfolio adjustments linked to index rebalancing and month-end positioning added to volatility during the session.

Also Read: SC scraps ₹447 cr order against Reliance