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Meta Platforms and Reliance Industries Limited (RIL) have announced a joint venture to develop and deploy Llama-based enterprise artificial intelligence solutions in India and select international markets, with an initial combined investment of approximately Rs 855 crore (around $100 million). Under the agreement, RIL will hold a 70% stake in the joint venture while Meta will hold the remaining 30%. The JV will offer two core products: an enterprise AI Platform-as-a-Service that allows organisations to customise, deploy, and govern generative AI models for workflows across sales, IT, customer service, and finance; and a suite of pre-configured AI solutions for both cross-functional and sector-specific use cases. Separately, Reliance will build a 168 MW data centre that Meta will lease, with options to scale capacity.
Reliance Industries (₹ 1281.4 0.96% )
10 Jun 2026, 10:28AM
Adani Energy: Acquire 100% of IntelliSmart Infrastructure Pvt Ltd for ₹3,050 Cr (equity + redemption of optionally convertible debentures). Post deal, AESL becomes India’s largest smart metering platform with a combined portfolio of 4.7 Cr+ smart meters.
Adani Energy Solutio (₹ 1552.8 -1.67% )
10 Jun 2026, 9:59AM
Acquires Winwin Specialty Insulators for an enterprise value of ~₹315 Cr. The move Strengthens Quality Power's position in the high-voltage transmission ecosystem. Adds a product segment with high entry barriers due to utility approvals, testing history, and qualification requirements.
Quality Power (₹ 1165.1 2.77% )
10 Jun 2026, 9:50AM
Dixon Technologies: Entered a binding term sheet with Taiwan’s Gemtek Technology to set up a JV for manufacturing Optical Transceivers (SFP) and BOSA products. This move pushes Dixon deeper into high-growth data center, 5G, telecom, and AI infrastructure segments. Optical Transceivers are modules that convert electrical signals into light (and vice versa) so data can travel through fiber optic cables. They are plugged into network switches, routers and servers in Data Centers, Telecom Networks, Enterprise IT. BOSA Modules (Bidirectional Optical Sub-Assembly) is the engine inside a transceiver that allows it to send and receive data over a single fiber strand. They are critical for Fiber-to-the-Home (FTTH) and IoT Devices.
Dixon Technologies (₹ 11730 1.02% )
10 Jun 2026, 9:46AM
JK Cement: JK Cement has executed the mining lease for the Mahan Coal Mine in Singrauli, Madhya Pradesh, with the state government. The underground coal mine spans 981.75 hectares and is expected to strengthen the company’s long-term fuel security, reduce dependence on external coal procurement, and support cost optimization for its cement operations.
JK Cement (₹ 4811 -0.23% )
8 Jun 2026, 11:12AMTWEETS BY @Sharekhan
