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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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Do you know? 
Karuturi Global has allotted 36.50 crore convertible warrants of face value ₹1 each to non-promoters on preferential allotment basis instead of 34.5 crore convertible warrants. 

Earlier, the company had informed the exchanges that its board (on May 25) had allotted 34.5 crore convertible warrants as approved by shareholders. On this news the shares of Karuturi Global jumped 9.6% to ₹2.62 on the BSE.

The management of Karuturi Global seems to be have gone fully ballistic, regarding future prospect of the company. The next target for the scrip remains Rs.5-7; don't sell the shares in a hurry. I will speak with the sources this week and put the details on the blog. 

Meanwhile, Karuturi Global has reported a consolidated total income from operations of Rs.92.84 crore and a net profit of Rs.18.45 crore for the quarter ended Mar '15. Other income for the quarter was Rs.(-)1.06 crore. For the quarter ended Mar 2014 the consolidated total income from operations was Rs.156.33 crore and net profit was Rs 26.18 crore, and other income Rs.(-)12.67 crore.

Actually, I am too busy with some domestic problems and hence is not able to update this blog on time. Please bear with me, as I feel by next week, much of the problem will be solved; as I shift my location here in Mumbai (Bombay).

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