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Saturday, March 7, 2026 9:33 PM

Gautam Adani

Ambani, Adani Turn India AI Summit into High-Stakes Talent Hunt Amid $50B Investment Push

India’s two biggest business houses — Mukesh Ambani and Gautam Adani — are turning the ongoing India AI Summit into a high-stakes talent hunt, as competition to build cutting-edge artificial intelligence tools intensifies across the country. Senior executives from Reliance Industries Ltd. and Adani Group have been actively scouting young engineers at the summit, with candidates queuing up to showcase resumes, AI prototypes, and GitHub portfolios. With AI expertise still a niche skill set in India’s vast technology workforce, companies are moving quickly to secure top talent. Priyanshi Bavishi, a marketing executive at AdaniConnex Pvt. Ltd., said the summit offers an ideal platform to connect with qualified professionals. “The industry is still niche, so the qualified people have great prospects,” she noted. The week-long event has drawn global tech heavyweights, including Sundar Pichai of Alphabet Inc. and Sam Altman of OpenAI, alongside French President Emmanuel Macron, who is scheduled to deliver the keynote address. For Prime Minister Narendra Modi, the summit serves as a global showcase for India’s software prowess and tech-savvy workforce. The country has already attracted $50 billion in AI-related investments, positioning itself as an emerging force in the global AI race. Corporate announcements during the summit underscored that momentum. Anthropic revealed a partnership with Infosys Ltd. to build advanced AI solutions tailored for specific industries. Meanwhile, the Adani Group unveiled plans to invest $100 billion in data centers by 2035. Google has also committed $15 billion toward developing what it calls its first AI hub in India. Consulting firms are equally aggressive in recruitment. Siddharth Sood, a consulting partner at Ernst & Young LLP, said the focus is shifting beyond traditional service roles. “We are a service-oriented nation. But we are looking for ideapreneurs,” he said, highlighting demand in areas such as AI-driven cybersecurity. At the summit venue, AI engineers, data scientists, and cloud developers are among the most sought-after profiles. Recruiters from Dell Technologies and Salesforce are leveraging the event to access candidates they might not reach through conventional online hiring channels, where automated screening systems often filter out applicants. Viral Tank, senior manager in analytics at Deloitte Haskins & Sells LLP, described the atmosphere as mutually beneficial. “It works both ways. I am looking for people. They are looking for jobs,” he said, noting the strong turnout of students since early morning sessions. While global corporations deepen their AI footprints and Indian conglomerates ramp up infrastructure spending, the government is aiming to expand domestic AI model development and boost funding further. Even as India accelerates its efforts, it continues to trail China in overall AI scale and deployment — making talent acquisition a critical battleground in the country’s next phase of digital growth. Source: Bloomberg  

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Moody’s to Review Adani Group’s Governance Following Bribery Allegations

Global credit rating agency Moody’s has announced a governance review of the Adani Group following allegations of bribery against its chairman Gautam Adani and other senior officials. U.S. prosecutors have accused the billionaire and his associates of orchestrating a scheme to pay over $250 million (approximately ₹2,100 crore) in bribes to Indian officials for favorable solar power contract terms. Moody’s Ratings issued a statement describing the charges as “credit negative” for the group’s companies, signaling potential repercussions for the conglomerate’s financial health and investor confidence. “Our primary focus is on the group’s ability to access capital to meet liquidity requirements and its governance practices,” the agency said. The indictment has raised fresh concerns over corporate governance within the Adani Group, which operates across sectors such as ports, energy, and infrastructure. The alleged bribery scheme, if proven, could tarnish the group’s reputation and strain its relationship with global investors. The allegations add to the challenges facing the Adani Group, which has already been under intense scrutiny following the Hindenburg Research report earlier this year. The report accused the group of financial irregularities and stock manipulation, leading to significant market volatility and questioning of the group’s governance standards. The new bribery charges, involving high-level officials, pose further risks to the group’s operations and financial standing. Moody’s review will likely consider the impact on the group’s ability to secure funding and its adherence to governance protocols in light of these developments. This latest controversy underscores the increasing importance of robust corporate governance in maintaining credibility and stability in global markets. The Adani Group has yet to issue a detailed response to the charges. Source: telanganatoday Photo Credit: telanganatoday

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