Adani raises $10bn in a week, Nvidia locks India cloud

In just seven days the Adani Group lined up almost $10 bn in fresh equity and strategic commitments, including a $3.2 bn qualified placement and a $6.6 bn joint‑venture pact for a new port and aluminium plant. The haul, the biggest fund‑raise by an Indian conglomerate since Reliance’s 2020 spree, bankrolls its $100 bn infrastructure push through 2030.

NFRA has opened an investigation into gold refiner Rajesh Exports after SEBI flagged revenue discrepancies of roughly Rs 15.5 lakh‑crore. The regulator will scrutinize the company's financial statements and revenue‑recognition practices, a move that could shake investor confidence and affect its stock.

Strand Life Sciences, a Reliance subsidiary, received an Indian patent for its AI‑enabled liquid‑biopsy platform that combines cfDNA sequencing, methylation and fragmentomic analysis to detect cancer and pinpoint its origin from one blood draw. The firm says the technology could lower costs and expand early‑cancer screening across India.

Nvidia is cementing its lead in India's AI cloud market by teaming with three local partners, Yotta, L&T and E2E Networks, to roll out sovereign GPU farms. The deal delivers tens of thousands of Nvidia GPUs, locking in future AI workloads and sidelining rivals like AMD or custom silicon.

Indonesia agreed in principle to buy two batteries of India's BrahMos supersonic cruise missiles and became the first foreign customer for the Astra beyond‑visual‑range air‑to‑air missile. The contracts deepen Indo‑Pacific defence ties and signal India's emergence as a credible missile exporter beyond its traditional markets.

The Delhi ITAT overturned a denial of a ₹17 lakh refund, holding that rejecting the claim because the ITR was not e‑verified on time violated Article 265. The tribunal deemed the technical ground unjust enrichment, clearing the way for the taxpayer to receive the money. The ruling signals stronger protection for Indian taxpayers against procedural refunds denial.

New Delhi has formally asked the USTR to drop a proposed 12.5% additional duty on Indian imports, arguing the Section 301 investigation provides no legal basis or proof of forced‑labour links. If upheld, the tariff would raise costs for a wide range of Indian exports and could strain bilateral trade.

Adani Ports' plan to sell 49% of Vizhinjam International Seaport to MSC Group is stalled because Kerala’s chief minister says the state’s approval, required by the concession agreement, has not been obtained. The deal, valued at about $1.4 billion, cannot proceed until the government gives the nod, raising questions about the timeline for the port’s expansion.

A PM‑EAC working paper warns that ultra‑low midday electricity prices (₹1.11/kWh) and steep night rates (₹9.71/kWh) expose a grid stress caused by India's sluggish battery rollout. The authors say the shortfall, about 130 GWh needed versus 24 GWh available, threatens solar’s expansion and forces costly ramp‑ups of thermal plants.

India’s foreign direct investment jumped 44% to $39 billion in 2025, outpacing the 6% rise in global FDI. The surge reflects policy pushes like Production‑Linked Incentives and a smoother regulatory framework, reinforcing India’s pull as a top destination for manufacturing and services investors.