ACCELERATOR PROGRAMME
India's October retail inflation quickens to 6.09% to breach RBI's tolerance ceiling
India's retail inflation accelerated to 6.09% in October, largely driven by rising food prices and supply disruptions. Food inflation significantly contributed to overall price increases, affecting household staples like onions and proteins. Economists noted concerns about potential double-digit inflation for various food categories amid global price pressures. The Reserve Bank of India expects average inflation for the financial year to be around 5.2%.
Astrobase to invest Rs 800 crore in Andhra Pradesh to expand rocket testing facility
The company has signed a memorandum of understanding with the Andhra Pradesh Economic Development Board to add 339 acres to the facility. The expanded infrastructure will support launch vehicle stage development, static hot-fire testing, stage-level hop tests and reusability validation.
No longer just non-AC train: Indian Railways' first Amrit Bharat Express 3.0 with AC coaches hits tracks between Delhi and Patna to ease Chhath Puja rush
Indian Railways has introduced its first Amrit Bharat Express 3.0 featuring AC coaches on the New Delhi-Patna route to manage the Chhath Puja rush. The special train, which departed on November 11, has a 22-coach configuration comprising First AC, Second AC, Third AC, Sleeper and General coaches. The upgraded train features push-pull technology, improved suspension, modern toilets and mobile charging points.
Musk wants to hire Jensen Huang: Elon Musk says he would be honoured to recruit Nvidia CEO if board decides to replace him
Musk hiring Jensen Huang: Elon Musk has said he would be honoured to hire Nvidia CEO Jensen Huang if the chipmaker's board removes him. The comment followed reports of two alleged extramarital relationships involving Huang, including one with Nvidia executive Kimberly Powell and another with a Chinese woman suspected by US intelligence officials of spying for China.
Kimberly Powell: What to know about the Nvidia executive and her reported extramarital affair with Jensen Huang who also had a fling with alleged Chinese spy Alice Huang
In a surprising turn of events, Nvidia's CEO Jensen Huang has publicly acknowledged his infidelity after four decades of marriage. This revelation comes amidst reports of a past relationship with Kimberly Powell, an Nvidia executive, as well as troubling allegations involving Alice Huang, a Chinese businesswoman with suspected ties to Chinese intelligence.
Who is Kimberly Powell? Nvidia vice president who had extramarital affair with CEO Jensen Huang allegedly
Kimberly Powell, Nvidia's vice president of healthcare, has been named in a New York Times report alleging that CEO Jensen Huang had an extramarital relationship with her. Powell joined Nvidia in 2008 and now leads its worldwide healthcare business, covering AI, medical imaging, life sciences and drug discovery.
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India's renewable energy expansion averts $100 bn in fuel imports, savings seen at $240 bn by 2030
The findings underline the growing economic and energy-security dividends of India's renewable energy transition, with increased domestic electricity generation reducing exposure to imported fossil fuels and volatility in international energy markets.
Indian IIT talent thrives in Japan's MIRAI-Setu programme as nations near 75th anniversary
As India and Japan approach 75 years of diplomatic ties in 2027, 40 IIT and IIIT students visited Japan under the "Foster System = MIRAI - Setu" programme. Immersed in Japanese universities and corporations, they developed strong industry insights, proposing innovative solutions for bilateral growth.
India's water journey a model for developing nations: World Bank official
India's water management initiatives, including the Jal Jeevan Mission and Namami Gange Programme, are gaining international recognition. Senior officials at the World Bank have praised these efforts as models for developing countries. The upcoming United Nations Water Conference will highlight India's achievements and encourage knowledge sharing. India is actively preparing for the conference, emphasizing its role in global water security discussions.
India's water management initiatives a model for developing nations: World Bank official
India's water management efforts, such as the Jal Jeevan Mission, are being recognized internationally for their effectiveness. The World Bank highlights India's initiatives, including river restoration and dam safety improvements. These programs aimed at increasing access to clean water are now models for other developing nations. The upcoming 2026 United Nations Water Conference will provide a platform for India to share these experiences.
OMCs reject Karnataka’s high-ethanol fuel claim, seek fresh tests
State-run oil marketers in India have rejected Karnataka's claims regarding excessive ethanol content in petrol sold. They argue that the state's testing procedures lack adherence to prescribed standards and were unverified. The oil companies assert that their E20 fuel adheres to Bureau of Indian Standards and undergoes strict quality checks. They highlighted that previous tests indicated compliance within the mandated ethanol blending range.
Microsoft reports $36 billion quaterly profit, employees complain salary raises below 1%, describe workplace as 'joyless and demoralizing' after 60,000 people receive buyout offers
Microsoft reported a 32% jump in quarterly profit to $36.6 billion but its employees complain of salary increases below 1%, rising workloads and pressure to use AI tools. An open letter describes the workplace as “joyless and demoralizing” following voluntary buyout offers to around 60,000 employees across four countries.
World's largest climate summit COP31 opens as climate and geopolitical pressures mount
The UN climate talks are set to begin in Antalya, where rising temperatures create an urgent need for global cooperation. More than 100,000 attendees from nearly 200 countries are expected to discuss climate action and funding for developing nations. The ongoing geopolitical tensions complicate negotiations, especially regarding fossil fuel transitions. Additionally, developing countries are advocating for increased adaptation finance to combat climate impacts.
Trump's $1.5-trillion defence spending push runs into a Democratic wall after midterm rout
The recent midterm elections have heralded a major loss for Republicans, casting a shadow over President Trump's defense budget ambitions. Democrats, now in control of Congress, are resisting Trump's call for a $1.5 trillion increase in defense spending. This development poses a critical challenge as lawmakers must soon tackle the defense policy bill alongside the fiscal year 2027 budget.
Geopolitical tensions, climate finance and 1.5°C breach cloud COP31 negotiations
Kicking off in Antalya, the UN climate conference COP31 will tackle significant climate action issues. With around 160 matters on the agenda, delegates will discuss emission cuts and strategies for global adaptation. Political strains and economic challenges pose obstacles, but Turkiye and Australia are at the helm, advocating for actionable solutions and financial commitments for developing nations, striving for a unified decision on essential climate concerns.
Indian economy to grow faster, foreign capital returning to markets: NSE CEO Ashishkumar Chauhan
India's economy is projected to experience faster growth due to strong macroeconomic fundamentals and increased foreign interest. The Managing Director of the National Stock Exchange highlighted that the country is managing fiscal pressures effectively. Domestic financial savings have significantly increased, reaching nearly USD 1.4 trillion annually. Furthermore, foreign institutional investors are showing renewed enthusiasm for Indian markets ahead of the new Samvat year.
Premji Invest pumps $35 million into Hical Technologies to expand aerospace, defence manufacturing
Premji Invest has invested $35 million in Bengaluru-based Hical Technologies, marking the aerospace and defence components maker’s first institutional funding in nearly four decades. The company, valued at $300 million-$400 million according to industry sources, will use the capital to expand manufacturing capacity, engineering capabilities and R&D across South India.
Centre releases Rs 1.09 lakh crore to states five days early, UP gets biggest share
The Centre has released Rs 1.09 lakh crore to state governments as tax devolution, advancing the November instalment by five days to support capital expenditure and welfare commitments. Uttar Pradesh received the largest allocation at Rs 19,208 crore, followed by Bihar and Madhya Pradesh. November's total transfer stands at Rs 2.18 lakh crore.
Budget 2027–28: ASSOCHAM calls for tax reforms to boost investment, manufacturing, ease of doing business and tax certainty
ASSOCHAM has called for a series of Direct and Indirect Tax reforms in the Union Budget 2027–28 to boost investment, strengthen domestic manufacturing, attract foreign capital and improve ease of doing business.
India opens special deepwater oil, gas bidding round, offers to fund up to 50% of well costs
India is launching a special licensing round for deepwater and ultra-deepwater oil and gas blocks under its ₹84,084 crore Samudra Manthan offshore exploration scheme. The government will offer monthly bidding windows and fund up to 50% of eligible exploratory drilling costs, aiming to attract investors, accelerate offshore exploration, unlock hydrocarbon reserves and reduce India's dependence on imported oil and gas.
Hyundai to offer up to 15% savings on car insurance for safe drivers
Hyundai Motor India has launched a usage-based insurance program for its Bluelink-connected cars. Customers can receive potential savings on motor insurance premiums based on their driving behavior. Driving scores will be calculated from vehicle data without requiring additional tracking devices. The program aims to encourage safer driving practices while providing benefits at the time of policy renewal.
Sequoia Capital restructures operations after raising $10 billion, shuts London office
In a bold move, Sequoia Capital is undergoing a major restructuring by shutting down its London office and disbanding the Arc accelerator and Scouts programs. These changes come amid a leadership shift and a focus on selective investing. With approximately $10 billion raised in new funds, Sequoia is committed to backing European founders, albeit from its Bay Area hub.
One giant leap for America? Trump's Moon ambitions put India's space diplomacy to the test
Donald Trump’s push for a permanent American presence on the Moon by 2028 has raised questions over lunar governance, resource ownership and the future of international space cooperation. As the US and China pursue competing lunar programmes, India faces the challenge of protecting its strategic autonomy while advancing its own space ambitions.
Indian battery component makers face up to 61% cost disadvantage against imports: Report
Indian battery component manufacturers are facing cost challenges that make local production more expensive than imported goods. The report indicates that high input costs hinder the growth of domestic manufacturing capabilities. Battery demand in India is expected to rise significantly by 2037, creating urgency for improvements in local production. The government is considering incentive options to support the industry and bridge the cost gap.
Indus Towers equips 50,000 sites with solar power; plans to double count by FY29
Indus Towers has installed solar systems at 50,000 telecom sites, adding around 300 MW of capacity, and aims to double the number by FY29. The company says the initiative, combined with battery storage and energy-management systems, has helped cut energy costs by 8-10% per kilowatt and reduce diesel consumption.
India's solar manufacturing industry can generate 32 lakh jobs, attract $89 billion investment by 2047: ISMA
Titled Vision 2047: Solar Manufacturing from Polysilicon to Power Plant, the report presents a pathway for India to move beyond module assembly and set up manufacturing capabilities across the entire solar value chain -- from polysilicon and ingots to wafers, cells and modules, the statement said.
India needs indigenous technologies to ensure energy security: Union Minister G Kishan Reddy
At the NIT Raipur convocation, Union Minister G Kishan Reddy emphasized India's need for innovations in energy, mining, and healthcare. He noted significant growth in higher education infrastructure and international rankings over the past decade. Reddy mentioned government initiatives aimed at supporting research and development in technology sectors. He encouraged graduates to tackle real-world challenges in their fields over the next three years.
NTT Data to nearly triple Mangaluru workforce to over 2,500 by 2027
The company entered Mangaluru through its acquisition of local cloud engineering company Niveus Solutions, and is looking to use the city as a base for developing specialised technology capabilities. Its focus areas include healthcare and life sciences, automotive, manufacturing, high technology, AI and data.
Centre releases states Rs 1.09 lakh cr festive boost
Uttar Pradesh received the largest allocation of ₹19,208 crore, followed by Bihar at ₹10,845 crore. Madhya Pradesh was allocated ₹8,010 crore, West Bengal ₹7,866 crore, Maharashtra ₹7,022 crore and Rajasthan ₹6,460 crore. Odisha received ₹4,819 crore and Andhra Pradesh ₹4,597 crore.
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