Adani Group

Stocks of several adani group firms, including Adani Enterprises, Adani Green, Adani Power, Adani Ports, Adani Energy and Adani Total Gas, rose by as much as 3.5% after the case was effectively closed the securities and wire alleged fraud case in New York.

Uber is building its first data center in India with the adani group. This facility will support Uber's growing technology needs in the country. The partnership aims to enhance innovation and deployment of Uber's tech. The data center is expected to be operational later this year. This move signifies a major expansion of Uber's infrastructure in India.

adani group chairman Gautam Adani pledged a massive Rs 50,000-60,000 crore investment in Bihar over the next three to four years. This significant capital infusion will target key sectors including power, roads, gas distribution, cement, and broader infrastructure, aiming to boost the state's development and energy self-reliance.

During a ceremonial ground-breaking event in Saran, Bihar, Gautam Adani, the visionary chairman of adani group, will be accompanied by his family. This monumental initiative, in collaboration with Akhand Jyoti Eye Hospital, seeks to establish an expansive rural healthcare network dedicated to underserved areas in northern and central India, prioritizing affordable eye care and skill development training.

US authorities are reportedly moving to end fraud cases against Gautam Adani, with the Department of Justice potentially dropping criminal charges and the SEC nearing a settlement in its civil case. This development could offer a significant legal reprieve for the billionaire and the adani group, which has been facing regulatory scrutiny.

Gautam Adani launched two major eye care institutions in Bihar's Saran district, pledging Rs 150 crore through the Adani Foundation. These facilities, attached to Akhand Jyoti Eye Hospital, will perform 3.3 lakh surgeries annually and train 1,000 professionals. Adani also personally committed Rs 500 crore to the Akhand Jyoti Foundation, aiming to expand affordable vision care nationwide.

PRO FX Tech reported a 37% revenue surge to Rs 177 crore and a 24% net profit increase to Rs 15 crore in FY26. This growth was fueled by strong demand for premium audio products and enhanced execution across retail and business segments, despite macroeconomic headwinds. The company anticipates exceeding Rs 200 crore in revenue this fiscal year.

Uber is set to open two new technology centers in Bengaluru and Hyderabad by the end of 2027, significantly expanding its engineering and infrastructure presence in India. These facilities will focus on AI, backend systems, and global product development, reflecting Uber's long-term commitment to the Indian market and its growing role in solving mobility challenges worldwide.

Indian equity benchmarks Sensex and Nifty closed lower on Tuesday after a late sell-off in heavyweight stocks like HDFC Bank and Reliance Industries erased early gains. Concerns over the rupee hitting a fresh record low and elevated crude oil prices also weighed on investor sentiment, though IT stocks provided some support.

TNN

Indian-origin billionaires are increasingly powering the UAE's wealth, with nine individuals on Forbes Middle East's 2026 list commanding $49.9 billion. These entrepreneurs have built multi-billion-dollar businesses across various sectors, reflecting the UAE's appeal as a hub for global wealth due to its business-friendly policies and strategic location.

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.