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Turbulence to Triumph: Adani Airports’ $750 Million Power Play to Redefine Indian Aviation

Adani Enterprises subsidiary Adani Airports Holdings Ltd (AAHL) has pulled off a major financial coup, raising $750 million via external commercial borrowings (ECB) at around 7.5% interest, setting the stage for a sweeping transformation across India’s aviation landscape. The blockbuster funding round was spearheaded by a heavyweight consortium of global lenders—First Abu Dhabi Bank, Barclays PLC, and Standard Chartered Bank—signaling robust international confidence in Adani’s airport ambitions. Of the $750 million haul, $400 million will be deployed to refinance legacy debt, instantly freeing up capital and reducing financial pressure on the group. The remaining $350 million is earmarked for a strategic blitz: infrastructure upgrades, capacity expansion, and a turbocharged push into non-aeronautical businesses across six key airports. The Six-Airport Blitz Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram are the chosen hubs for this high-octane investment. Each ...
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Tesla’s Mumbai Power Play: Elon Musk’s EV Giant Snaps Up Rs 25 Crore Kurla Hub Near BKC Showroom

Tesla has ignited fresh excitement in India’s electric vehicle (EV) scene by acquiring a sprawling 24,500 sq ft space in Mumbai’s Kurla West for a state-of-the-art service centre, right next to its much-anticipated Bandra Kurla Complex (BKC) showroom. The deal, valued at a whopping Rs 25 crore over five years, is more than just a real estate transaction—it’s a bold signal that Elon Musk’s company is charging full speed ahead into the Indian market, even as rivals scramble to keep up. The Kurla facility sits on the ground floor of the Lodha Logistics Park, a massive 400,000 sq ft distribution hub known for catering to quick commerce, e-commerce, and now, the world’s most famous EV brand. Tesla India Motor & Energy Pvt. Ltd. inked a leave and licence agreement with the Lodha Group’s Bellissimo in City FC Mumbai I Pvt., locking in a starting monthly rent of Rs 37.53 lakh, with a 5% annual escalation. The lease kicked in on April 20, with rent payments starting June 1. The Rs 25 crore ...
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Manufacturing Mojo Cools: India’s Factory Growth Hits 3-Month Low in May

India’s manufacturing sector lost some steam in May 2025, with the HSBC India Manufacturing Purchasing Managers’ Index (PMI) dipping to 57.6, down from 58.2 in April—the lowest reading since February. Despite the slowdown, the PMI remains well above the neutral 50-mark, signaling that factories are still expanding, just at a slower pace than before. The moderation in growth was driven by softer, though still healthy, increases in new orders and output. Both metrics retreated to three-month lows but stayed above their long-term averages. Robust demand—both domestic and international—continued to support sales, with export orders rising at one of the fastest rates in three years. Manufacturers faced mounting challenges: rising input costs, fierce competition, and geopolitical tensions, especially the ongoing India-Pakistan conflict, which weighed on business sentiment and margins. Inflationary pressures led many companies to hike selling prices, as costs for raw materials, freight, and l...
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Rare Earth Rumble: Trump-Xi Talks May Cool Trade War, But China’s Mineral Muscle Still Stings

Hopes are rising for a breakthrough in U.S.-China trade tensions as Presidents Donald Trump and Xi Jinping prepare for a high-stakes conversation that could ease months of economic friction. U.S. officials say a direct Trump-Xi call could break the deadlock, especially after both sides agreed in Geneva to a 90-day pause on punishing tariffs. Treasury Secretary Scott Bessent expressed optimism that “gaps could soon be bridged,” hinting at a possible reset in relations. However, the rare earths dispute remains a stubborn flashpoint. China, which dominates global production and processing of these critical minerals, has slowed export license approvals, effectively squeezing U.S. industries reliant on rare earths for everything from electric vehicles to advanced military hardware. Washington is increasingly frustrated, with concerns that China’s export restrictions are deliberate and strategic, not just bureaucratic delays. Trump has publicly accused Beijing of violating the Geneva deal, w...
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GPU Tsunami: India Supercharges AI Ambitions with 34,000+ GPUs, Picks 3 Startups to Build Desi Foundation Models

India has shattered its own records by making over 34,000 GPUs available for AI research and development, marking a massive leap in compute power for startups, researchers, and innovators. The Ministry of Electronics & IT announced the addition of nearly 16,000 GPUs to the national pool, bringing the total to 34,333 units—one of the largest public AI compute infrastructures outside the tech giants. This expanded GPU cloud will power the next wave of AI breakthroughs, giving Indian innovators access to high-performance resources at government-subsidized rates, slashing costs by up to 40% compared to global benchmarks. In a bold move to fuel homegrown AI, three new startups—Soket AI, Gnani AI, and Gan AI—have been selected under the IndiaAI Mission to build indigenous foundation models tailored to India’s unique needs. Soket AI will develop an open-source 120-billion parameter model optimized for India’s linguistic diversity, targeting sectors like defense, healthcare, and education....
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Offshore Rush: U.S. Life Insurers Funnel $800 Billion to Bermuda and Cayman Amid Private Credit Boom

U.S. life insurers shifted nearly $800 billion in reserves to offshore affiliates between 2019 and 2024, with Bermuda and the Cayman Islands emerging as the top destinations. This unprecedented capital flight is fueled by the explosive growth of private credit, as insurers seek higher returns and greater flexibility in an era of fierce competition and fluctuating interest rates. The migration of funds accelerated after interest rates plunged to near zero from 2015 to early 2020, prompting insurers to adopt aggressive strategies, including partnerships and mergers with private equity and alternative asset managers. Major deals during this period included Allstate’s $2.8 billion sale of its life and annuity businesses to Blackstone-managed entities in 2021, and Brookfield Reinsurance’s $5.1 billion acquisition of American National in 2022. Insurers are moving reserves offshore to free up capital, enabling them to support business growth, offer more competitive pricing and returns on annu...
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IndiGo Set to Make History: First to Soar from Navi Mumbai Airport with 18 Daily Flights!

IndiGo will be the first airline to launch commercial operations from the highly anticipated Navi Mumbai International Airport (NMIA). The airline is set to commence with 18 daily departures, connecting over 15 cities across India from day one. This move marks a major milestone, positioning Navi Mumbai as a key aviation hub and offering much-needed relief to the congested Mumbai airport. IndiGo’s aggressive expansion plan will see daily departures rise to 79—including 14 international flights—by November 2025. By November 2026, IndiGo aims to operate a staggering 140 daily flights from NMIA, with 30 set for international destinations. The NMIA project is a public-private partnership, developed by Adani Group and CIDCO, and is expected to handle up to 90 million passengers annually once fully completed. IndiGo’s CEO hailed the partnership as a leap toward operational readiness and a testament to the airline’s commitment to India’s booming aviation sector. The new airport will create a d...
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