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GAIL to invest Rs 1,736 crore in wind power project in Maharashtra
State-run GAIL (India) Ltd has approved an investment of Rs 1,736.25 crore to set up a 178.2 MW wind power project in Maharashtra, expanding its renewable portfolio as it targets net zero carbon emissions by 2035. The project will add to its existing wind and solar capacity. GAIL aims to raise renewable capacity to 3.4 GW by 2035 and is also investing in green hydrogen and compressed biogas.
‘You're going to burn this $1 billion’: Satya Nadella recalls when Bill Gates doubted Microsoft's investment in OpenAI
Satya Nadella, CEO of Microsoft, said in an interview with the tech-focused YouTube channel ‘TBPN’ that co-founder and former CEO Bill Gates had expressed his lack of confidence when the company invested in OpenAI, the owner of ChatGPT.
Global IT stocks react to Nvidia rally and Salesforce’s cautious forecast
Nvidia reported strong growth, led by continued demand for AI and sharp expansion in its data centre business, indicating that investment in AI infrastructure is still rising. However, despite strong numbers, the stock reaction was muted as markets may already have priced in consistent earnings beats. Salesforce, while posting better-than-expected results, disappointed investors with weaker guidance, raising some concerns for software and SaaS companies, including Indian IT firms tracking global tech demand.
Temasek, ADIA said to plan investing in Clean Max’s India IPO
Temasek Holdings Pte and Abu Dhabi Investment Authority plan to invest in Clean Max Enviro Energy Solutions Ltd.'s IPO, alongside HDFC Asset Management Co. Ltd and SBI Life Insurance Co.
Modi government provided tremendous support and policies that encourage investment in India: Micron Tech CEO Sanjay Mehrotra
Micron Technology is investing USD 2.75 billion in Gujarat for a new semiconductor facility. This pioneering project will handle assembly and testing of advanced memory wafers. The facility's clean room is as large as 10 cricket fields. This initiative strengthens US-India technology ties and boosts India's manufacturing capabilities. The grand opening is coming up soon.
Indian IT stocks nearing 2008 crash-era valuations: Wedbush’s Moshe Katri
Moshe Katri, MD-FinTech & Tech-Enabled Services Investment Banking at Wedbush Securities, expects a “tidal wave” of AI investments over the next 12–18 months as projects mature, with Tier-1 IT companies and digital engineering firms emerging as key beneficiaries.
FII inflows into India since US trade deal top $2 bn, worst of rupee’s fall behind us: Goldman Sachs
Sunil Koul, Global EM Equity Strategist at Goldman Sachs expects foreign investment to return to India, driven by three factors: the Indo-US trade deal removing a key uncertainty, strong global inflows into emerging markets, and investors diversifying away from volatile tech stocks — making Indian equities an attractive destination for capital.
IT services may benefit from AI over time despite near-term pressure: Neeraj Seth
Neeraj Seth, Founder & CIO of 3R Investment Management says artificial-intelligence (AI) capex concerns are weighing on tech stocks, expects near-term dollar strength and sees long-term opportunity in adaptable Indian IT firms.
Markets Erase Gains as Metals Drag; IDBI Bank Bid Race Heats Up | Closing Bell
Markets surrendered early gains as metal stocks dragged benchmarks lower, with the Nifty hovering near 24,100 despite strength in auto counters. ONGC, Hindalco and Power Grid led the losers, while InterGlobe Aviation, M&M and Maruti Suzuki outperformed. In corporate news, Amazon CEO Andy Jassy met PM Narendra Modi and announced an additional $13 billion investment in India, taking Amazon's planned investment to $48 billion through 2030. Fairfax is reportedly back with a fresh bid for IDBI Bank, valuing the lender at ₹77 per share and potentially unlocking a ₹50,000 crore divestment for the government and LIC. Meanwhile, uncertainty continues around Tata Sons as RBI is yet to decide on its NBFC deregistration request, keeping the possibility of a future listing alive. Catch all the key market moves, corporate developments and top business headlines in this edition of Closing Bell.
HCL Tech stock jumps over 2% as Nomura bullish after Sarvam AI investment; check target price, upside
Nomura said HCL Tech's proposed $150 million investment for a 10.46 percent stake in Sarvam AI HCL Tech build industry-specific AI models and solutions for global clients.