Apple’s $500 Billion U.S. Investment

Apple is making its largest financial commitment, pledging over $500 billion in the U.S. over four years to boost AI, silicon engineering, software, and R&D, creating 20,000 jobs. A key project is a Houston manufacturing facility assembling AI servers, set to open in 2026. Apple is also launching a Manufacturing Academy in Detroit to advance production techniques. This move follows Donald Trump’s claim that Apple planned a major U.S. investment. With a supply chain spanning 24 silicon facilities across 12 states, Apple’s investment solidifies its role in shaping American tech innovation.

Mankind Pharma’s Obesity Drug Bet

Mankind Pharma is set to enter the $100 billion anti-obesity drug market, eyeing Semaglutide—the key ingredient in Ozempic and Wegovy—whose patent expires in 2026. It joins Dr. Reddy’s, Natco Pharma, and Sun Pharma in the race to launch generic GLP-1 drugs. Given the complexity of development, Indian firms, including Mankind, will likely rely on third-party collaborations while leveraging strong branding. Mankind is expanding into chronic and specialty therapies, growing its chronic segment from 20.4% in FY15 to 35.5% in FY24. As competition intensifies, the company aims to carve out a space in the lucrative weight-loss segment.

Infosys-Daimler AI Deal Extension

Infosys is advancing discussions to extend and expand its $3 billion contract with Daimler, originally signed in 2020, adding AI tools to enhance IT services. The deal, covering network, security, SAP, and data centers, currently generates $400 million annually for Infosys. The extension, from 2028 to 2029, aligns with Infosys CEO Salil Parekh’s strategy of securing high-value, AI-driven contracts. The company’s manufacturing sector revenue has surged from $1.3 billion in FY20 to $2.8 billion in FY24. With businesses prioritizing AI, Infosys’s early renewal signals a broader shift toward AI-powered IT services.

NTPC-EDF Green Energy Partnership

State-run NTPC Ltd and EDF India, a subsidiary of France’s EDF, have signed a non-binding agreement for a 50:50 joint venture in pumped storage, hydro, and renewable projects across India and neighboring countries. NTPC, India’s largest power producer, is targeting 60GW renewable capacity by 2032. The company recently listed NTPC Green Energy Ltd (NGEL) to accelerate green hydrogen, methanol, and SAF investments. In January, PM Narendra Modi laid the foundation for India’s first green hydrogen hub in Andhra Pradesh, part of a ₹1.85 trillion investment plan under the National Green Hydrogen Mission.

RBI Eases Withdrawal Limits for New India Cooperative Bank

The RBI has allowed depositors of New India Cooperative Bank to withdraw up to ₹25,000 per account after dissolving its board over supervisory concerns. More than 50% of depositors can now withdraw their full balances, while others can access up to ₹25,000 via branches and ATMs from February 27, 2025. The bank held ₹2,436.4 crore in deposits as of March 2024, with a declining loan book and capital adequacy ratio (9.1%) below the required 10% for two years. RBI assured depositors it is closely monitoring the situation and taking necessary measures.

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