Handpicked updates about India’s business and the business of India
In the wildest crossover in millenial-verse, not only does Kyunki Saas Bhi Kabhi Bahu Thi have a version 2 reboot going on but it will now also get the ultimate software update: a cameo feature by Bill Gates himself. No, he will not be seen asking whether you have tried turning your family drama off and on again. Instead, he will talk about women’s and children’s health and the Bill and Melinda Gates Foundation. We did not have this on our 2025 Bingo cards, but honestly, we’re impressed.
Now, let’s get into the Dispatch! 🚀
Today’s reading time is 5 mins.
Green Business
Adani Green Energy Plots Major Fundraising Move
Image credits: Adani Green Energy
Capital Raise in Motion: Adani Green Energy is preparing to tap international capital markets for up to $1 billion, signaling continued growth ambitions despite recent market turbulence and positioning the company to accelerate its renewable build-out.
Governance & Mechanism: The company will seek board approval for a significant fundraising initiative, potentially leveraging a mix of debt and equity—including international green bonds, private placements, or strategic equity investments—with instrument choice guided by market conditions, timing, pricing, and investor appetite.
Context & Positioning: Coming amid heightened scrutiny of the Adani Group after the Hindenburg report, the move underscores renewables as core to Adani Green’s strategy as it steadily expands its solar and wind portfolio; proceeds are expected to fund new project development, upgrade existing infrastructure, and refinance debt to optimize the capital structure and execution capacity.
Investor Signal & What to Watch: Industry analysts view the raise as a deliberate show of financial resilience designed to reinforce investor confidence at a moment when global investors are focused on sustainable energy and India’s renewable sector is attracting international attention; details remain to be confirmed, and markets will closely monitor the board decision and subsequent reaction, as successful execution could mark a pivotal moment for one of India’s most ambitious clean-energy companies.
Business & Exports
Gold's Glittering Ascent: A Market Breakthrough
Image credits: Canada Gold
Record-Breaking Rally: Gold has surged 54% in 2024—the biggest annual jump since 1979—smashing psychological barriers at $3,000 in March and $4,000 in October, with a record high of $4,381 per ounce transforming it from heirloom asset to trillion-dollar investment powerhouse. Geopolitical tensions, economic uncertainty, and investor psychology are powering the rally, with Western investors—rather than traditional emerging market buyers—now steering demand.
Strategic Buffer Reserves: As “FOMO” fuels speculative trading and volatility, central banks are boosting reserves to diversify currency holdings, while institutions lean on gold as a hedge against equity declines, with central banks worldwide adding 166 tonnes in the reserves. The RBI’s own gold reserves have crossed 880 tonnes, valued at nearly $95 billion, underscoring India’s growing strategic asset diversification amid global financial volatility. The bank added 0.6 tonnes in the first half of 2025–26, after a hefty 54.13 tonnes in the previous year.
Risks, Policy Tailwinds & Outlook: Jewellery demand is cooling in China and India (imports are down 26% and 25%), raising the risk that excess supply could pressure prices if momentum fades into 2026. Meanwhile, Federal Reserve rate cuts have energized performance, with strategists seeing potential to exceed $4,500, leaving gold as a dynamic mirror of global uncertainty for investors.
Business India: Dhanda Hai Yeh!
Image credits: Reuters
Insider Trading Clampdown: SEBI cracked down on insider trading at India Energy Exchange, banning eight individuals for allegedly profiting ₹173.14 crore from non-public information; the regulator froze their market access and ordered repayment of illicit gains, reinforcing strict market integrity.
EV Push in Rajasthan: PMI Electro Mobility Solutions will invest ₹1,200 crore in a 65.56-acre facility producing e-buses and key components like motors and batteries, producing 33,000 e-buses annually. Set to come up in Rajasthan’s Ghiloth industrial area near Neemrana on the Delhi–Jaipur highway, the project aims to supply affordable e-buses nationwide and boost the renewable energy sector.
Nestle Profits Dip Amid Growth: Nestle India reported a 17.37% drop in Q3 profit to ₹743 crore. Revenue rose 11% to ₹5,630 crore; total expenses increased 12.9% to ₹4,617 crore. Domestic sales hit a record ₹5,411 crore on strong volume; the stock was up 3.6% intraday.
Reliance Capital Recovery: Lenders to Anil Ambani-promoted Reliance Capital are set to recover about ₹10,090 crore—roughly 43% of verified claims—after Hinduja Group marginally raised its bid to ₹9,660 crore. The recovery trails the ₹12,500–13,000 crore estimated liquidation value and awaits final approval from a Supreme Court hearing.
