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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence  |  Estd 2006 Corporate Strategy  |  AI Pivot & Power Infrastructure Reliance Power's AI Pivot (₹25.10): Rebranding, ₹9,000 Cr Capital, and a Policy Tailwind Arriving Right on Cue Four renamed subsidiaries. A ₹9,000 crore fundraise. And a state government simultaneously building the exact demand this pivot is betting on. On June 30, 2026, Reliance Power quietly filed one of the more consequential corporate-identity shifts in the Indian power sector this year. Four of its subsidiaries were renamed Reliance AI Green Power, Reliance AI Power, Reliance AI Data Control, and Reliance AI Data C — and the company formally added artificial intelligence and technology-enabled services to its business objects. This was not a data-centre announcement or a customer contract. It was...
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Weakening of the INR against the USD might help the IT and Textile Companies
  • The yen weakened against the dollar, halting its biggest gain in three weeks, after Japan’s Economy Minister Akira Amari backed away from weekend comments that prompted the currency to rally.
  • The pound slid to a six-week low against the dollar after a government report showed inflation slowed more than economists forecast, giving the central bank more room to boost stimulus that tends to weaken a currency.
  • Dollar gains were capped before Wednesday's testimony from U.S. Federal Reserve Chairman Ben Bernanke.Speculation the U.S. central bank will trim its bond purchases sooner than expected has mounted given signs of an improvement in the U.S. labor market. Bernanke testifies to Congress at 10 a.m. EDT (1400 GMT) and his words will be combed for clues.
  • The currency specialists say that the trend is positive for USD, infact INR is seen weakening further against all major currencies (like EURO, YEN). The pivot for trading stands at 55.35 and INR is expected to further weaken to Rs.55.62--55.80 ranges against the USD.
  • Thus IT and Textile Companies are expected to benefit from this move. Most of the big IT companies and some mid--sized companies like Glodyne Tech Ltd (Rs.11.94), Hexaware Tech (Rs.77.55), Zenser Tech (Rs.244.75), etc, generate a good amount of revenues from the overseas market.  I have already initiated a buy in Glodyne Tech Ltd now Hexaware Tech Ltd is also giving buy signals at the CMP, for a target of Rs.84. 
Note: This message was sent to the Paid Members yesterday night, i.e, on 22nd May, 2013. If anyone has played the currency he would have benefited. 

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