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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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Gold Prices Head Upwards on Fresh Buying
September 28, 2013: Gold prices have again risen on renewed buying interest, stirred up by US budget fears and the uncertainty surrounding the future pace of the Federal Reserve's monetary stimulus.

Spot gold rose 1.2% to $1,339 (£829.92, €990.60) an ounce on the final day of trading. Prices dropped 2.8% a week ago on concerns that the Fed could start tapering its $85bn bond-buying stimulus programme from October.

US gold futures for delivery in December hovered at $1,339 an ounce, Reuters data showed.

Time is running out for US politicians to decide how to continue funding the government which would shut down on 1 October if the Republicans and the Democrats fail to reach an agreement.

In September 2011, gold prices rocketed to an all-time high of $1,920 an ounce, partly because of the first US debt ceiling crisis, which was resolved at the very last minute.

The Week Ahead

Gold prices are forecast to rise next week, according to a survey.

As many as 11 out of 19 analysts polled by the Kitco News Gold Survey expect prices to go up next week.

The ongoing US budget drama, the prospect of downbeat nonfarm payrolls data and the confusion surrounding the outlook of the Fed's stimulus programme could push up gold prices, said Sean Lusk, director, commercial hedging division, at Walsh Trading.

Markets in China will be closed next week for the National Day Golden Week holidays. This will prevent prospective gold buyers in the world's second-largest gold market from making purchases.

India, the world's top gold importer, resumed gold buying after a two-month pause after the government and banks arrived at a consensus on how new import rules should work.

Haresh Soni, chairman of the All India Gems and Jewellery Trade Federation, told Reuters he expects "consignments  [stuck] at [Indian] airports to get cleared by early next week".

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