Reliance, Meta to form INR 855 mn AI joint venture: Reliance Industries Ltd (RIL) and Facebook Overseas, a wholly owned subsidiary of Meta Platforms, announced an INR 855 mn (USD 103 mn) investment to form an artificial intelligence joint venture called Reliance Enterprise Intelligence Ltd (REIL), The Hindu reports. RIL will hold 70% and Meta 30% in the venture, which will design and market enterprise AI solutions across India. The collaboration builds on the existing partnership between Reliance Jio and Meta, expanding Reliance’s presence in India’s fast-growing enterprise-AI ecosystem.

PORTS-

The Adani Group has committed to invest INR 42.5 bn (USD 510 mn) in expanding Dighi Port, and related infrastructure along western India’s eastern coast in Maharashtra, The Hindu Businessline reports. The pact was among 15 agreements worth a combined INR 56 bn (USD 670 mn) signed at the opening of India Maritime Week in Mumbai. Other commitments include USD 45 mn from JSW Group to expand Jaigad Port in Maharashtra. Foreign firms from the UAE, the Netherlands, and Sweden also pledged investment in Maharashtra’s maritime infrastructure.

AGRI-

Indian rice traders plan to secure fresh export agreements with buyers in Iraq, Saudi Arabia, and Indonesia as above-average monsoon rains increased production, Business Standard reports. India, which already supplies about 40% of the world’s rice, harvested a record 146 mn tonnes in the year till June 2025, far exceeding domestic demand of 120 mn tonnes.

The country’s overflowing grain warehouses are prompting traders to expand into 26 new and underserved markets, including Japan and Mexico. Indian suppliers are expected to sign several export agreements at the upcoming Bharat International Rice Conference in New Delhi this week.

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