Table of Contents

• Adani

• Nvidia

Top Stories Today

Economy & Finance

Adani

Gautam Adani, head of India's Adani Group and among the wealthiest globally, faces charges in a New York court for allegedly orchestrating a bribery scheme to secure solar energy contracts. Alongside Adani, executives from Adani Green Energy and Azure Power Global, as well as former employees of a Canadian institutional investor, are accused of paying over $250 million in bribes to Indian officials. The scheme reportedly misled U.S. and international investors about anti-corruption compliance, raising billions to fund energy projects. The SEC also filed civil charges, alleging fraudulent activities tied to U.S. investor funding and stock trading. These legal troubles add to previous controversies, including a critical report by Hindenburg Research in 2023 accusing Adani of fraud.

Technology

Nvidia

Nvidia exceeded expectations for quarterly revenue and profit, driven by strong demand for its AI chips and data center products, with annual revenue rising 94%. The company also projected higher-than-anticipated sales for the next quarter, though growth is slowing compared to last year’s extraordinary gains. Nvidia’s Blackwell AI chip is now in production, with significant shipments expected to ramp up next year despite supply constraints. Gaming revenue grew due to increased GPU demand, while smaller segments like automotive and visualization also posted gains. Shares dipped 2% despite the strong results.

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