INDIA INC INVESTMENT
India Inc. is profitable. So why isn’t it investing?
Indian companies are making record profits, but they are not investing in new factories or infrastructure. This is creating fewer jobs and increasing inequality. Unlike China, which invests heavily, Indian businesses are hesitant. This trend risks trapping India in scarcity. Leaders must decide on a path towards mass affluence now.
OpenAI Academy launches three enterprise AI courses to turn access into capability
OpenAI Academy has launched three structured enterprise courses, AI Foundations, Applied AI Foundations, and Agents and Workflows, designed to move employees from basic AI literacy to managing agent-assisted work, addressing the growing gap between AI access and workforce readiness across organisations.
Adani, Jabil announce plans for AI data centre in India
Adani Group and Jabil Inc. are joining forces to build AI and data centre hardware in India. This partnership aims to create a large-scale manufacturing platform for AI-ready equipment. The venture will leverage Adani's infrastructure and Jabil's manufacturing expertise. This initiative targets both domestic and global markets, capitalizing on the growing demand for AI computing power.
Adani, Jabil announce plans for AI Data Centre in India
The proposed alliance will combine Jabil's engineering and advanced manufacturing capabilities with Adani Group's infrastructure, green energy, logistics and data centre assets to address growing demand for AI data centre infrastructure, the companies said.
Monarch Networth says Nifty can hit 28,000 in 2026, picks three top stocks
Monarch Networth Capital expects Nifty to reach 27,000-28,000 in 2026, driven by earnings recovery, capex growth and lower interest rates. The brokerage favours banking, telecom and IT sectors, while seeing opportunities in select midcap and smallcap stocks including SBI, HFCL and Hindustan Copper.
Fable 5 wake-up call; Indians chase SpaceX jackpot
Happy Monday! The Fable 5 disruption has triggered fresh calls for India to build its own AI muscle. This and more in today’s ETtech Morning Dispatch.
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Fable 5 shock puts sovereign AI back on India’s agenda
US export controls on advanced AI models have spurred India's call for sovereign AI development. Industry leaders warn against reliance on foreign providers, urging a national mission for indigenous AI capabilities, similar to UPI and Aadhaar, to secure India's technological future and support local startups.
World's hottest stock market turns focus to MSCI moment
South Korea's stock market is nearing a significant milestone. Investors are watching for a potential upgrade to developed-market status by MSCI. The Kospi has seen a massive surge this year, fueled by artificial intelligence stocks. While volatility is high, reforms are underway.
Statistical system may get AI overhaul, data to be treated as asset: MoSPI Secy
India is set to modernize its statistical system. Artificial intelligence will be integrated into official data. A national business register is planned. Data may soon be recognized as an economic asset. These steps aim to enhance economic data accuracy and timeliness. The Ministry of Statistics and Programme Implementation is leading these significant changes.
South Korea’s world-beating stock market eyes its MSCI moment
Now investors are awaiting MSCI Inc.’s annual market-classification review on June 23, when the index provider will decide whether Korea finally earns a place on the watchlist for developed-market status, the first step toward an eventual upgrade.
Anthropic’s Fable 5 takedown triggers India Inc push for AI self-reliance
A US directive suspending access to Anthropic's AI models has spurred India Inc's push for self-reliance in AI infrastructure. Technology leaders are calling for domestic R&D, open-source models, and semiconductor design to ensure national sovereignty and avoid dependence on external platforms. This move is seen as a wake-up call for localized AI systems.
Scaling growth and risk: Why managed services are now mission-critical for India Inc
The question should no longer be about whether to adopt managed services but about how to use and leverage them to transform functions.
Lenskart block deal; Meesho's kirana push
Lenskart has drawn fresh interest from major institutional investors. This and more in today's ETtech Top 5.
Agentic AI returns in India poised to grow fivefold to $14.4 million: SAP study
Globally, India ranks second in strategic approaches to AI investment. Reflecting this momentum, Indian organisations plan to invest $25.9 million in AI, with spending expected to rise 45% over the next two years, it said.
Is India's economic growth real? Raghuram Rajan says something is off
Former RBI Governor Raghuram Rajan questions India's strong economic growth figures, citing weak corporate investment and declining foreign capital inflows. He argues these factors are difficult to reconcile with official data, suggesting a disconnect between headline numbers and business behavior. Rajan also highlights the lack of a clear economic roadmap and warns of vulnerabilities from the Middle East conflict.
US-based Tryfacta files draft papers for $100-150 million GIFT City IPO
US-based Tryfacta Inc is set to become the first US-headquartered company to list its equity shares in India through GIFT City, filing draft papers for a USD 100-150 million IPO. The offering includes a fresh issue and an offer for sale, with proceeds to fund growth and working capital.
Hidden AI India winners add $48 billion on data-center boom
Indian industrial companies are experiencing significant growth by supplying components for data centers. This trend is driven by massive global investments in AI infrastructure. Firms making transformers, cooling systems, and cables are seeing substantial gains. This industrial capex cycle is a major contemporary investment trend. Foreign investors are increasing their stake in these companies.
India Inc remains bullish on FY27; Telecom, defence, banking seen driving growth: Report
Indian businesses are optimistic about FY27. Telecom, defence, metals, and banking are set for growth. Companies expect demand to remain strong and are confident in managing rising costs. AI is boosting telecom infrastructure. Defence manufacturing continues its strong run. Power and capital goods sectors show a favorable outlook. Consumer spending and premiumization will drive growth.
SpaceX’s IPO success may rub off on Ambani
Investor interest in major tech offerings remains strong. Mukesh Ambani's Jio Platforms is preparing for a significant IPO in India. However, historical data indicates that large IPOs can signal market peaks. Concerns exist about liquidity draining from secondary markets. This could impact the success of upcoming Indian listings. Careful consideration of market conditions is advised.
Govt highlights tax reforms, investor confidence as Modi completes 12 years as PM
Prime Minister Narendra Modi has completed twelve years as India's longest-serving elected leader. The government highlights significant achievements in tax reforms, digital expansion, and economic growth. India has transitioned to become the world's fastest-growing major economy. These reforms have boosted investor confidence and are paving the way for a USD 5 trillion economy.
Industry lauds Modi on becoming longest serving Prime Minister
Prime Minister Narendra Modi has become India's longest-serving elected Prime Minister. Industry leaders congratulated him, noting his transformative leadership. Under his tenure, India has seen significant economic development and reforms. The nation has emerged as an influential global voice. Industry leaders expressed confidence in achieving the Vision of Viksit Bharat by 2047.
Carlyle seeks banks for India IPO of healthcare RCM provider
Carlyle has sought investment bank pitches for a potential India IPO of its healthcare revenue cycle management platform created through the merger of Knack RCM and EqualizeRCM. Advisers may be appointed soon, while details on valuation and issue size remain undecided.
Ambani-backed robot startup seeks $100 million to lead in India
Reliance-backed robotics startup Addverb Technologies is looking to raise over $100 million to fund expansion into humanoid robots, AI and advanced automation. The company, which generates half its revenue overseas, targets a spot among the world's top 10 robotics firms within five years.
Hotel giants bet India’s local travel boom can defy slowdown
Major hotel groups are investing heavily in India. They expect a surge in domestic travel to drive growth. This expansion continues despite economic concerns. PM Modi encourages local holidays. India's tourism market is set for significant expansion. New hotels are planned across the country. This signals a bright future for Indian hospitality.
RBI ramped rupee defense to record before government bazooka
The Reserve Bank of India has reached a record $110-$115 billion in its net-short dollar book, a key tool for defending the rupee. This significant increase in forward dollar sales, particularly in offshore markets, aims to curb excessive volatility driven by factors like oil price shocks and speculative pressures.
Hidden AI Winners: Little-known D-Street stocks soar up to 530%
Indian industrial companies are experiencing significant growth by supplying components for data centers. These firms are crucial for building and powering the infrastructure needed for artificial intelligence. Major global tech companies are investing billions in India for AI infrastructure. This trend is creating a strong demand for industrial suppliers, leading to substantial market value gains for these companies.
BofA taps Avendus dealmaker Anshul Gupta in major post-Mizuho exit
Bank of America is strengthening its India operations. Anshul Gupta joins from Avendus Capital to lead the investment banking division. This move signals a renewed focus on India's booming financial market. Global banks are actively competing for a larger share of deals. Gupta's expertise is expected to boost Bank of America's dealmaking capabilities in the region.
Texmaco, Touax and TrinityRail form railcar leasing venture in India
A new partnership is set to boost railcar leasing in India. Touax Group and TrinityRail Global Inc are joining forces with Texmaco Rail & Engineering Ltd. This collaboration aims to offer advanced railcar designs and leasing solutions. It will combine manufacturing, leasing, and financing capabilities. The venture will support India's growing freight rail market.
KNAV secures follow-on investment from Nikhil Kamath’s NKSquared
Global accounting firm KNAV has secured follow-on investment from NKSquared, the investment firm of Nikhil Kamath. This funding will fuel international acquisitions and investments in people and capabilities. KNAV has seen significant revenue growth and international expansion since its initial funding in September 2024.
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