ADANIENT

May 21 (Reuters) -

• CAPITAL GROUP BUILDS $2 BILLION ADANI BET IN PIVOT FROM RELIANCE - BLOOMBERG NEWS

Source text: https://tinyurl.com/ynsdr6a9

Further company coverage: ADEL.NS

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May 15 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

• SEC settles Adani case as US authorities move to end actions against Asia's richest man

• Anthropic agrees terms of $30 billion funding deal at $900 billion valuation

• LVMH to sell Marc Jacobs to WHP

• Xpeng in talks with VW about buying a factory in Europe

Overview

• The U.S. Securities and Exchange Commission settled a civil lawsuit against Indian billionaire Gautam Adani, subject to court approval, court records showed.

• Anthropic has agreed the terms of a $30 billion fundraising that will value it at $900 billion and is expected to close as soon as this month.

• French luxury group LVMH LVMH.PA has agreed to sell the Marc Jacobs brand in a deal that will put the U.S. fashion label under the joint ownership of brand management firm WHP Global and apparel company G-III Apparel Group GIII.O.

• Xpeng 9868.HK is in talks with Volkswagen VOWG.DE and other carmakers about buying a factory in Europe as it looks to expand international sales.

(Compiled by Bengaluru newsroom)

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May 14 (Reuters) - Adani Enterprises Ltd ADEL.NS:

• GQG PARTNERS EMERGING MARKETS EQUITY FUND SELLS 5.9 MILLION SHARES IN ADANI ENTERPRISES VIA BLOCK DEAL ON NSE, SBI MF BUYS STAKE - EXCHANGE DATA

Further company coverage: ADEL.NS

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May 13 (Reuters) - Uber CEO:

• UBER CEO: SETTING UP CO'S FIRST DATA CENTER IN INDIA WITH ADANI GROUP; TO BE READY LATER THIS YEAR - X POST

Source text: https://x.com/dkhos/status/2054467647509577987

Further company coverage: ADEL.NS

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May 7 (Reuters) - Indian bike maker Royal Enfield plans to invest about 22 billion rupees ($232.24 million) to set up a manufacturing plant in the southern state of Andhra Pradesh, it said on Thursday.

• The Eicher Motors EICH.NS unit will establish the facility in two phases, with the first phase expected to be completed by 2029, and the second slated for 2032.

• The plant will add around 900,000 units to its current annual capacity of around 1.46 million units, as of end-February.

• Andhra Pradesh has drawn investments from Alphabet's GOOGL.O Google, Reliance Industries RELI.NS and Adani Group ADEL.NS, among others.

• Royal Enfield's project is expected to generate roughly 5,000 direct and indirect jobs.

• The investment marks the bike maker's first major manufacturing expansion outside Tamil Nadu state, the firm said.

($1 = 94.7300 Indian rupees)

(Reporting by Bipasha Dey in Bengaluru; Editing by Sonia Cheema)

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By Jayshree P Upadhyay and Jaspreet Kalra

MUMBAI, May 5 (Reuters) - Gautam Adani's eponymous firm, telecom operator Bharti Airtel BRTI.NS, U.S.-based Genpact and autoparts giant ZF Friedrichshafen are among the companies setting up treasury operations in India's tax-neutral finance zone, according to three sources.

They are set to join ArcelorMittal MT.LU, the world's second-largest steelmaker, which has secured regulatory licenses to set up two treasury centres, according to public filings.

The Gujarat International Finance Tec-City, known as GIFT City, is being promoted by the Modi government as a financial centre to rival Singapore and Dubai. In February, the government extended the tax holiday for firms operating there to 20 years and regulations have also been eased.

Seventeen corporate treasuries are likely to begin operations in GIFT City over the next three months, two of the three sources said, declining to be named as they are not authorised to speak to the media.

Corporate treasury operations have traditionally been housed in places like Singapore and the Netherlands. Global treasury centres are hubs where multinational firms manage cash, funding, liquidity, foreign exchange and financial risks.

Access to cheaper funding, lower taxes on remitting dividends and excess cash to overseas units, along with being able to hold assets in dollars as the rupee weakens, are prompting firms to set up treasury centres in GIFT City, the three sources said. By onshoring this activity to GIFT City, India hopes to retain control and oversight of global financial flows associated with its companies.

"Treasury centres at GIFT City are allowing firms to pool cash and borrow at a group level with greater flexibility and improving access to funds generated by their Indian businesses," said Suresh Swamy, a senior partner at PricewaterhouseCoopers.

Responding to a Reuters query, a spokesperson for Germany-based ZF Friedrichshafen said in an email it is exploring a GIFT City set-up and has yet to apply for a license.

Email queries to the other companies mentioned in this article did not yield any responses.

The names of firms planning to set up operations in GIFT City have not been previously reported.

Dipesh Shah, an executive director at the International Financial Services Centre Authority, a GIFT City regulator, said "the rise of treasury centres at GIFT marks a structural shift in how India-linked corporates manage global capital." He declined to comment on individual companies setting up treasury operations at the tax hub.

REGULATORY PUSH

Activity has picked up sharply since January, with seven companies securing regulatory licences and another 17 at different stages of approval, sources said.

Much of the recent surge is attributable to regulatory changes from April 2025, according to two of the sources.

"The interest from foreign multinational companies has been beyond our expectations," said a senior regulatory official at GIFT City who requested anonymity as they are not authorised to talk to the media.

A key change that was made allows banks to pay interest on current account balances - a practice not allowed by the Reserve Bank of India for onshore lenders, the sources said. Just one foreign bank has started this so far, two of the three sources said.

ArcelorMittal - an early entrant - plans to undertake cash pooling activities for its India entities via GIFT City, according to the sources, similar to what it does via its treasury centre in Paris through an entity called ArcelorMittal Treasury.

(Reporting by Jayshree P Upadhyay and Jaspreet Kalra in Mumbai; Editing by Ira Dugal in Mumbai and Thomas Derpinghaus)

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By Arpan Chaturvedi

May 4 (Reuters) - An Indian appeals court on Monday rejected the challenge by Indian billionaire Anil Agarwal's Vedanta VDAN.NS to fellow billionaire Gautam Adani's winning bid for a bankrupt real estate giant, a lawyer involved in the case told Reuters.

The win gives a boost to Adani's takeover of over $4 billion in prized assets of bankrupt Jaiprakash Associates JAIA.NS that include the country's only Formula One track.

The appeals tribunal said it did not find merit in the issues raised in the challenge and dismissed the appeal, New Delhi-based lawyer Bishwajit Dubey told Reuters.

(Writing by Surbhi Misra in Bengaluru; Editing by Tom Hogue)

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May 1 (Reuters) - Indian billionaire Gautam Adani's Adani Group is planning an internal restructuring aimed at speeding up decision-making, as the conglomerate pushes for growth across its businesses, Bloomberg News reported on Friday.

(Reporting by Kashish Tandon in Bengaluru; Editing by Sherry Jacob-Phillips)

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Updates

** Adani Enterprises ADEL.NS shares up 36.9% for the month to mark the highest monthly gain since August 2020

** Adani Ports APSE.NS stock up 26.3% for the month; highest monthly climb since February 2021

** During month, benchmark Nifty 50 .NSEI up 7.5%

** Rally after Adani Group founder Gautam Adani's legal team indicated they will seek dismissal of SEC civil fraud case related to alleged bribery charges

** Earlier, Jefferies projected broad-based business expansion by FY27 for ADEL, despite near-term softer airport traffic, delays in Navi Mumbai airport operations

** Brokerage forecasted ADEL's consolidated EBITDA to rise approximately 37% y/y

** Adani Enterprises reports a fourth-quarter loss on Thursday after market hours

** YTD, ADEL up 7.5%, APSE advance 12.8% vs Nifty 50's 8.2% decline

(Reporting by Mridula Kumar in Bengaluru)

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By Tanvi Mehta

NEW DELHI, April 29 (Reuters) - Indian Prime Minister Narendra Modi opened one of the country's longest expressways on Wednesday, connecting 12 districts over nearly 600 km (370 miles) in the most populous state of Uttar Pradesh.

Here are some details:

• The expressway has been built at a cost of 362.30 billion rupees ($3.82 billion) by Adani Enterprises ADEL.NS and IRB Infrastructure Developers IRBI.NS.

• The six-lane greenfield corridor, the longest in the northern state, will significantly reduce the time taken to travel from Meerut in the east to Prayagraj in the west, covering 594 km.

• Named after the holy Ganga river that flows through the state, the government expects the expressway to be a launchpad for industrial corridors.

• The Indian government has significantly increased its spending on infrastructure after the COVID-19 pandemic, with a record 12.2 trillion rupees allotted for spending in this year's budget.

• A slew of recent projects connecting major cities have been part of a broader push by the government to enhance agricultural and industrial development and boost tourism in cities and towns.

(Reporting by Tanvi Mehta; Editing by YP Rajesh)

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** Shares of Adani Enterprises ADEL.NS rise 1.64% to 2,179.50 rupees

** Jefferies says Adani's flagship company set for a broad-based ramp-up across businesses in FY27, despite near-term softness in airport traffic and a delay in the Navi Mumbai airport operation ramp-up

** Expects non-aero revenue and airport monetisation to support growth, with consolidated EBITDA seen rising about 37% y/y

** Brokerage maintains "buy" rating, flagging valuation upside as cash flows improve and capital expenditure moderates but cuts PT to 2,600 rupees from 2,750 rupees

** Kutch Copper in Gujarat has begun a gradual ramp-up amid weak near-term margins, with profitability expected to improve from FY27 as feedstock availability and utilisation rise

** Road projects and mining are also expected to contribute in a phased manner in the next 3-4 years

** YTD, ADEL stock down 3.4%

(Reporting by Urvi Dugar in Bengaluru)

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April 13 (Reuters) -

• US PROTESTS ADANI’S PUSH TO MOVE CARGO CARRIERS TO NEW AIRPORT - BLOOMBERG NEWS

Source text: https://tinyurl.com/4tv5b3me

Further company coverage: ADEL.NS

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NEW YORK, April 7 (Reuters) - Gautam Adani, one of India's richest people, will ask a judge to dismiss the U.S. Securities and Exchange Commission's civil fraud case against him, his lawyers said on Tuesday.

In a filing in the Brooklyn, New York federal court, Adani's lawyers said the SEC's claims were "impermissibly extraterritorial," and no statements challenged by the regulator were actionable. Adani and his nephew Sagar Adani, who is also a defendant, also disputed there was any credible evidence supporting the bribery scheme that the SEC alleged.

(Reporting by Jonathan Stempel in New York)

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By Arpan Chaturvedi

NEW DELHI, April 6 (Reuters) - India’s top court on Monday rejected billionaire Anil Agarwal-led Vedanta's plea to pause the acquisition by Adani group of a bankrupt real estate giant, which includes a $4 billion pool of prized assets including India's only Formula One track.

Agarwal's Vedanta is fighting in courts against the decision of a lenders' panel to give the assets of bankrupt Jaiprakash Associates to fellow tycoon Gautam Adani's group, setting up a battle between billionaires for assets including homes, power, cement plants and the Buddh International Circuit track near New Delhi.

Vedanta's challenge in the Supreme Court was declined as the judges said a lower tribunal was fit to hear the concerns of the group, and the top court does not need to interfere in the proceedings.

Vedanta argues that its $1.8 billion bid was better, but the lenders' panel decided in Adani's favour as its $1.5 billion bid had higher upfront payments.

The acquisition could boost Adani group's real estate plans, which include its other key projects in Mumbai, including the redevelopment of one of Asia's largest slums, Dharavi.

Adani's son, Karan Adani, said at a public event last month that he is "very personally engaged" with bringing F1 back to India after a 13-year absence.

(Reporting by Arpan Chaturvedi
Editing by Keith Weir)

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April 1 (Reuters) - Ambuja Cements Ltd ABUJ.NS:

• AAHL, BLINKIT LAUNCH INDIA’S FIRST IN-TERMINAL QUICK COMMERCE SERVICE AT MUMBAI AIRPORT- STATEMENT

Source text: [ID:]

Further company coverage: ABUJ.NS

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By Arpan Chaturvedi

NEW DELHI, March 31 (Reuters) - Indian billionaire Anil Agarwal is challenging fellow tycoon Gautam Adani's winning bid for a bankrupt real estate giant in the Supreme Court, intensifying the fight over a $4 billion pool of prized assets that includes the country's only Formula One track.

Agarwal's Vedanta has mounted a legal challenge over a creditor committee's decision to award the assets of Jaiprakash Associates JAIA.NS to Adani, a portfolio that includes homes, power, cement plants and the Buddh International Circuit track near New Delhi.

Vedanta has argued its $1.8 billion bid for the assets was better, but the committee, and an Indian tribunal, decided in Adani's favour by saying its $1.5 billion bid was superior because it had higher upfront payments.

Vedanta is now asking India's top court to pause the acquisition and hear its concerns, Supreme Court listing records seen by Reuters on Tuesday showed.

Vedanta and Adani did not respond to requests for comment.

A win could give a major boost to Adani's real-estate expansion, adding to its other key projects in Mumbai, which include redeveloping one of Asia's largest slums, Dharavi.

TRYING TO RESTART F1 IN INDIA

F1 races have been stalled in India for 13 years due to regulatory and taxation disputes, forcing organisers to discontinue the programme. Adani's son, Karan Adani, said at a public event last month he is "very personally engaged" to bring back F1 to India.

Vedanta's Agarwal on Sunday expressed disappointment about how the Jaiprakash Associates sale process had been handled, writing on X: "We will place the facts in the right way."

Vedanta's business interests stretch across aluminium, power and steel.

($1 = 94.0850 Indian rupees)

(Reporting by Arpan Chaturvedi; Editing by Aditya Kalra and Thomas Derpinghaus)

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By Aditi Shah

NEW DELHI, March 20 (Reuters) - Tesla TSLA.O is preparing to enter India's industrial energy storage market, according to a job ad on its website, pitting it against companies controlled by Mukesh Ambani and Gautam Adani as they deepen investment in the sector as the grid shifts to cleaner power.

The new business will also mark Tesla's expansion in India beyond just electric cars, which it started selling in August.

The company already operates a Megapack business in the U.S. and other markets, supplying large-scale energy storage systems for industrial and utility users.

Tesla's new plan was revealed in a job ad on its website, which said it is looking to hire a business development lead in India to "develop and execute a comprehensive market expansion strategy for industrial energy storage solutions".

The candidate will shape its entry into India for "utility-scale energy storage", it added, without elaborating.

Reuters is first to report Tesla's plan. The company did not respond to a request for comment.

Ambani's Reliance RS.N and Adani's group ADEL.NS also have ambitious plans for India's energy storage sector.

India has set a target to reach 500 gigawatts (GW) of non-fossil fuel energy capacity by 2030 from more than 262 GW at the end of 2025. It needs devices that can store energy during off-peak hours, stabilise the grid and reduce carbon emissions.

The government is encouraging companies to invest in storage systems by providing fiscal incentives and is also working on a national roadmap to enable firms to meet the targets.

(Reporting by Aditi Shah, editing by Aditya Kalra and Louise Heavens)

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March 19 (Reuters) - Adani Enterprises Ltd ADEL.NS:

• ADANI ENTERPRISES - CONVERSION OF 137.5 MILLION PARTLY PAID-UP SHARES INTO FULLY PAID-UP SHARES

Source text: ID:nBSE9QQVBg

Further company coverage: ADEL.NS

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March 18 (Reuters) -

• ADANI GROUP: MUNDRA PORT WELCOMED THE INDIAN-FLAGGED VESSELS SHIVALIK, CARRYING 46,000 MT OF LPG, AND JAG LAADKI, CARRYING 80,886 MT OF CRUDE OIL

Source text: https://tinyurl.com/hkzz9yex

Further company coverage: ADEL.NS

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March 16 (Reuters) -

• INDIGO AND ADANI AIRPORTS PARTNER TO OFFER INDIGO BLUCHIPS ON DUTY-FREE SHOPPING - STATEMENT

Source text: [Full Story]

Further company coverage: ADEL.NS

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March 11 (Reuters) - Adani Enterprises Ltd ADEL.NS:

• UNIT COMPLETED ACQUISITION OF 14.2% EFFECTIVE SHAREHOLDING IN AIR WORKS INDIA

Source text: ID:nBSE5JmN3s

Further company coverage: ADEL.NS

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By Gabriel Araujo

SAO PAULO, March 9 (Reuters) - Brazilian planemaker Embraer EMBJ3.SA could roll out E175-E1 regional jets from a potential production line in India as early as 2028, but the plan hinges on orders for at least 200 aircraft, CEO Francisco Gomes Neto told Reuters on Friday.

Earlier this year, Embraer and India's Adani Group had announced a memorandum of understanding to establish a final assembly line for the Brazilian firm's first-generation jetliners in India.

Such a move would mark a significant win for the Indian government, which has urged planemakers to build jets locally, and a geographic shift for Embraer, which currently produces commercial jets only in Brazil.

"Of course, we will not start a significant investment without orders. That's the first point, we need the orders. And what we're saying is this: to set up an assembly line, we need at least 200 aircraft to be produced there," Gomes Neto said.

If orders are secured by the end of 2026, the company would be able to start delivering planes in 2028, he added.

"It's roughly 24 months, which we believe is enough to begin making it happen. They know that, it's clear to us," the CEO said.

Gomes Neto said Embraer has identified at least 1,800 Indian routes that could be operated by E1s – jets that seat up to 88 people and are essential to U.S. regional aviation but have lacked demand elsewhere in recent years.

The executive noted that a plant in India would help Embraer boost production while filling its hybrid line in Brazil with orders for the newer E2 family, which has seen strong global demand.

Embraer, which initially targeted reaching 100 commercial aircraft deliveries in a single year in 2028, now sees scope to hit the milestone in 2027, the CEO said.

SAUDI ARABIA NO LONGER A C-390 HOTSPOT

In addition to commercial aircraft, Embraer has also partnered in India with Mahindra on the C-390 military cargo jet, calling the country a "strategic market" for its defense unit.

Saudi Arabia, the European Union, and the United States also earned that label in 2024, but Gomes Neto said prospects have now dimmed for an order from the Middle Eastern country.

"It continues to be a business front, but it's not in the hotspot for us right now," he said, adding that Embraer is instead focusing on India and the United States.

Embraer had hoped to replace Saudi Arabia's aging fleet of Lockheed Martin's C-130. In 2023, when President Luiz Inacio Lula da Silva visited the country, it signed a deal with SAMI, which has the backing of Saudi public wealth fund PIF, to explore a potential C-390 assembly line there.

"We have a good product there, but I believe they had the vision of having a larger aircraft," Gomes Neto said. "It's still on our radar, but no longer in the hotspot."

(Reporting by Gabriel Araujo
Editing by Nick Zieminski)

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March 2 (Reuters) - Adani Enterprises Ltd ADEL.NS:

• KCL HAS DIVESTED ITS ENTIRE 50% STAKE IN PRANEETHA ECOCABLES

Source text: ID:nBSE1WBgwy

Further company coverage: ADEL.NS

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March 1 (Reuters) - Adani Enterprises Ltd ADEL.NS:

• ADANI ENTERPRISES LTD - ADSTL EXECUTED AN AGREEMENT ON MARCH 1 WITH PUNJ LLOYD AVIATION TO ACQUIRE 14.2% STAKE IN AIR WORKS

Source text: ID:nBSE7jbwtG

Further company coverage: ADEL.NS

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The authors are Reuters Breakingviews columnists. The opinions expressed are their own.

By Shritama Bose and Ujjaini Dutta

NEW DELHI, Feb 23 (Reuters Breakingviews) - The dissonance surrounding India's artificial intelligence dreams came alive at the AI Impact Summit. The five-day confab in New Delhi last week hosted global A-listers from OpenAI CEO Sam Altman to Alphabet's GOOGL.O Sundar Pichai and attracted investment pledges of over $250 billion, including from Reliance Industries RELI.NS and the Adani Group. But the euphoria barely concealed the country's simmering anxieties around the fast-moving technology.

The 500,000 visitors at the shindig focusing on "bridging the global AI divide" included delegates from 118 countries and swarms of college students attending sessions on everything from the creator economy to AI in agriculture and defence. On Saturday, 88 nations and international groupings endorsed the Delhi Declaration, which commits to democratising AI resources.

Yet even as crowds during the week cheered India’s homegrown government-backed answer to OpenAI and DeepSeek, Sarvam AI’s demonstrations of its "extremely frugal" large language models for Indic languages underscored the steep challenge facing most countries seeking to preserve AI sovereignty. Without powerful domestic alternatives, attendees warned, India risks becoming a digital colony of the United States and China.

Also lacking was substantial discussion on job losses from AI. India already struggles to create the 8 million roles it needs each year to absorb new entrants into the workforce. Its vast IT software services industry and role as the world's back office places it at the sharp end of disruption. V Anantha Nageswaran, India's chief economic advisor, at least hinted at the scale of the looming challenge, calling it "a stress test of our state capacity" - a remark that resonates in a country known for weak policy implementation.

The summit also failed to build consensus on who should shoulder the gargantuan task of reskilling a workforce whose future already fuels frequent primetime television debates. Prime Minister Narendra Modi said reskilling must become a mass movement. In private, executives cast it as the government’s problem. Past precedent suggests India Inc will ultimately be forced to share the burden.

The lack of urgency perhaps stems from knowledge that multi-year contracts with global firms will buy outsourcers like Tata Consultancy Services TCS.NS, among India's largest employers, a few years to adapt. In time AI might create more jobs than it destroys, as Reliance's Chair Mukesh Ambani vowed to prove. But that's cold comfort for the swelling ranks of Indian workers caught up in the churn. For now, India has missed a chance to set the agenda for the Global South on this important topic. Hubris was poor cover.

Follow Shritama Bose on LinkedIn and X.

Follow Ujjaini Dutta on LinkedIn and X.

CONTEXT NEWS

The AI Impact Summit 2026 was held at New Delhi from February 16 to 20. The summit attracted 500,000 visitors, 20 heads of government and delegates from 118 countries, India's Ministry of Electronics and Information Technology said on February 20.

(Editing by Una Galani; Production by Aditya Srivastav)

((For previous columns by the authors, Reuters customers can click on BOSE/ [email protected] and DUTTA/ [email protected]))

Recasts lead, adds Gates Foundation comment in paragraphs 6, detail in 7, Sam Altman quote in paragraph 14

By Aditya Soni, Munsif Vengattil and Aditya Kalra

NEW DELHI, Feb 19 (Reuters) - Bill Gates pulled out of India's AI Impact Summit hours before his scheduled keynote on Thursday, as scrutiny over his ties to late financier and sex offender Jeffrey Epstein intensified following the release of U.S. Justice Department emails.

The abrupt withdrawal of Microsoft's co-founder dealt a fresh blow to a flagship event already marred by organisational lapses, a robot row and complaints of traffic chaos.

The six-day event still notched more than $200 billion in investment pledges for AI infrastructure in India, including a $110 billion plan announced by Reliance Industries RELI.NS on Thursday. India's Tata Group also signed a partnership deal with OpenAI.

Gates' cancellation follows the release of emails last month by the DOJ that included communication between late financier and convicted sex offender Epstein and the Gates Foundation's staff.

The foundation said the billionaire will not deliver his address "to ensure the focus remains on the AI Summit's key priorities". Only days ago, the foundation had dismissed rumours of his absence and insisted he was on track to attend.

The foundation's chief strategy officer and Africa and India chief Ankur Vora spoke instead of Gates.

A representative for the philanthropic organisation, started by Gates and his then-wife in 2000, did not respond to a Reuters query on whether the withdrawal was linked to scrutiny over the Epstein files.

Gates has said the relationship was confined to philanthropy-related discussions and that it was a mistake for him to meet the sex offender.

He was among the top tech leaders due to attend the event among the likes of Google GOOGL.O CEO Sundar Pichai, OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei.

Gates' absence followed another high-profile cancellation by Nvidia's NVDA.O Jensen Huang earlier on Saturday, which added to a difficult opening for a summit billed as the first major AI forum in the Global South, where India has sought to position itself as a leading voice in worldwide AI governance.

MODI ADDRESS, AI COMMITMENTS

In his keynote address, Indian Prime Minister Narendra Modi called for maintaining children's safety on AI platforms as he addressed the gathering on Thursday, alongside French President Emmanuel Macron.

"We must be even more vigilant about children's safety. Just as a school syllabus is curated, the AI space should also be child- and family-guided," Modi said, after standing on stage with top AI executives and posing for photographs with their arms raised in a show of strength.

The photoshoot produced an awkward moment when Altman and Amodei, chiefs of rival AI firms OpenAI and Anthropic, stood side by side on stage but did not hold hands although the other executives did.

The symbolic unity pose was to declare the formal launch of the New Delhi Frontier AI Commitments, a set of voluntary principles adopted by leading AI companies at the summit to advance inclusive, responsible development of frontier AI models.

"One hundred million people in India now use ChatGPT each week," Altman told the gathering.

Despite the investment successes, India's first major AI summit has been marred by organisational lapses that have left attendees shocked and angry over what they described as a lack of planning by the Indian government.

CHAOS AND TRAFFIC SNARLS

The summit exhibition halls were shut to the public on Thursday in a surprise move that led to more anger among participating companies that had put up stalls and pavilions. The venue compound was largely deserted after three days of large crowds at the event.

Indian university Galgotias was asked to vacate its stall after a staff member presented a commercially available robotic dog made in China as its own creation, sparking a public uproar.

Police repeatedly shut roads to give preference to VIP movement at the summit, creating chaos in the city of 20 million people. The Indian government has apologised for inconvenience caused to attendees in the initial days.

Opposition parties attacked the government and the prime minister for poorly managing the global summit.

"The whole summit is, sorry was, meant for researchers, founders, builders who are grinding in the field every day. Instead we get treated like we don't matter, blocked for hours so some minister or official can pass through," Jay Gala, a Microsoft researcher, said on social media website X.

(Reporting by Munsif Vengattil, Aditya Soni, Aditya Kalra in New Delhi; Additional reporting by Sakshi Dayal, and Abhirami G; Editing by Kim Coghill, Muralikumar Anantharaman, Raju Gopalakrishnan and Christian Schmollinger)

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Feb 18 (Reuters) - Ambuja Cements Ltd ABUJ.NS:

• ADANI ENTERPRISES - FEDEX TO DEVELOP FULLY AUTOMATED AIR CARGO HUB AT NAVI MUMBAI AIRPORT WITH LONG-TERM INVESTMENT OF OVER 25 BILLION RUPEES

Source text: [ID:]

Further company coverage: ABUJ.NS

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Feb 17 (Reuters) - India's Adani Enterprises ADEL.NS said on Tuesday the group will invest $100 billion to build renewable energy-powered AI-ready data centres by 2035.

(Reporting by Urvi Dugar in Bengaluru; Editing by Sonia Cheema)

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Feb 16 (Reuters) - Adani Enterprises Ltd ADEL.NS:

• ADANI ENTERPRISES LTD - INCORPORATION OF A WHOLLY OWNED STEP-DOWN SUBSIDIARY BY ADANICONNEX

Source text: ID:nBSE7Y5Qv9

Further company coverage: ADEL.NS

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