NEW DELHI: Reliance Industries Limited Wednesday announced a partnership with Meta Platforms, Inc for a data centre project in Jamnagar, Gujarat, positioning RIL as a single-window solutions provider for hyperscale AI infrastructure in India. RIL will develop a data centre with 168 MW capacity within two years, with an option to scale. This will be…
BENGALURU: Quick commerce platform Zepto is pitching a high-volume model to public market investors as it prepares for its IPO, arguing that scale, density and advertising will eventually drive profitability.The company’s updated draft red herring prospectus (DRHP) shows a business growing rapidly on orders but still trailing market leader Blinkit on profitability.Zepto processed 210 million…
“Indian equity markets are expected to open on a cautious negative note, with Gift Nifty trading at 23250, down by 100 points, as Asia-Pacific markets traded lower following weakness in US technology stocks and escalating geopolitical tensions after U.S. strikes on Iran after an Apache helicopter incidentIn the previous session, the Nifty 50 rebounded by…
Gold prices bounced back on Tuesday, rising by Rs 1,500 to move above the Rs 1.60 lakh per 10 grams level in the national capital, supported by a softer US dollar and improved sentiment in the bullion market. According to local traders, gold of 99.9% purity advanced to Rs 1,60,300 per 10 grams, inclusive of…
Top stocks to buy today (AI image) Stock market recommendations: Bank of India, Hindustan Zinc, and Union Bank of India are the top stock picks by Mehul Kothari, DVP – Technical Research at Anand Rathi Shares for June 10, 2026:Bank of India: Consolidation Breakout with Improving MomentumBuy: ₹145–₹140 | Stop Loss: ₹135 | Target: ₹157.50Bank…
ChatGPT creator OpenAI became the third major artificial intelligence developer to confidentially file for a public listing Monday, joining rivals in an IPO pipeline now worth some $3.6 trillion.SpaceX, which is officially known as Space Exploration Technologies Corp, is preparing for an IPO that would value the company at about $1.8 trillion. Anthropic raised funds…
BENGALURU: Electric two-wheeler maker Ather Energy said its board will meet on June 12 to consider raising fresh capital as the company gears up for its next phase of growth. The company said it may raise funds through equity shares, foreign currency convertible bonds, NCDs, warrants or other convertible securities. The fundraising could be undertaken…
MUMBAI: Rajiv Bajaj has said he will step down from the board of Bajaj Finserv due to a significant increase in his responsibilities at Bajaj Auto following the setting up and scaling of two major new subsidiaries: Bajaj Auto Technology and Bajaj Auto Credit. Bajaj has said he will not stand for re-election at the…
NEW DELHI: Adani Energy Solutions (AESL) has inked a securities purchase agreement to acquire a 100% equity stake in IntelliSmart Infrastructure for Rs 3,050 crore. IntelliSmart Infrastructure is a leading smart metering JV between National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services (EESL).The proposed acquisition will strengthen AESL’s position as India’s largest smart…
NEW DELHI: Flying is set to get more expensive, with oil marketing companies Tuesday increasing aviation turbine fuel (ATF) prices by 10% under the new price-stabilisation regime. ATF prices will remain frozen at this level for three years under the new regime. Jet fuel for domestic carriers will now cost Rs 115 per litre, up…