FOREIGN INTELLIGENCE
Singapore confirms a probe into Megaspeed but denies investigating Alice Huang over spy claims; how is Nvidia CEO Jensen Huang linked to the controversy?
US media reports have alleged that Nvidia CEO Jensen Huang developed a 'close relationship' with an alleged Chinese spy. US intelligence believes Alice Huang was recruited by China's Ministry of State Security (MSS). The alleged relationship was reportedly mentioned in a memo. Singapore has reportedly rejected the claims that Alice Huang was investigated by its authorities.
ED probes $1.5 million foreign funding trail across six countries over alleged meddling in India's domestic affairs
In a significant investigation, the Enforcement Directorate is examining the financial transactions of foreign companies that are tied to India's domestic issues. Investigators have followed $1 million in payments through various jurisdictions before pinpointing a firm in the UK. Of particular interest is the $500,000 that originated from a Canadian source.
Rubio to visit France on first post-midterm foreign trip to face questions on Trump policies
US Secretary of State Marco Rubio will attend the G7 foreign ministers meeting in France this weekend. This trip follows significant Republican losses in the midterm elections, raising questions about Trump's international policies. Rubio is expected to address various global issues, including the Iran and Russia-Ukraine conflicts. The meeting aims to cover topics like energy security and support for Ukraine amidst ongoing challenges.
FIIs step up India buying, pour Rs 13,750 crore on Friday; total buying hits Rs 53,154 crore in 14 days
Foreign institutional investors bought Rs 13,750 crore worth of Indian equities on November 6, extending their buying streak to 14 sessions. Cumulative inflows reached Rs 53,154 crore, lifting benchmark indices despite continued domestic institutional selling.
Nifty’s 8% surge this week is the best since January 2021. Are bulls here to stay?
Nifty surged 8% this week, marking its biggest weekly gain since January 2021, as foreign investors returned to Indian equities. Strong Q2 earnings, attractive valuations and a global shift away from AI-linked stocks supported the rally. The key question now is whether renewed buying can sustain the market's recovery.
$5 billion in 5 days! Why FIIs are suddenly shopping Indian stocks non-stop this Diwali
Foreign institutional investors have poured nearly $5 billion into Indian equities in five trading sessions, marking a sharp reversal after months of heavy selling. Strong Q2 earnings, softer crude prices, stable currency and the global AI sell-off are improving India's appeal, with investors rotating towards relatively undervalued markets and large-cap stocks.
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Bloodbath in Nasdaq, Kospi and Nikkei but why Nifty is an oasis of peace amid global rout
A global AI-led tech selloff has battered US and Asian markets, wiping out $3 trillion from S&P 500 companies. However, Indian equities are showing relative resilience as investors rotate away from crowded AI trades. Market experts believe India's lower exposure to the AI boom, attractive large-cap valuations and renewed foreign inflows could help it weather the global rout.
Nvidia CEO Jensen Huang called by key Republicans over Chinese spy Alice Huang allegations
Top Republican lawmakers have requested Nvidia CEO Jensen Huang to provide a briefing on his connections to Alice Huang. This request follows allegations related to national security concerns involving advanced AI chips. Lawmakers emphasized the need to address the extent of risk posed to U.S. national security. Huang's discussions with numerous executives include ordinary business information, according to Nvidia's claims.
Emerging markets lose $33.8 billion in October as investors flee Asian stocks
October witnessed an alarming withdrawal of $33.8 billion by foreign investors from emerging markets, the largest since March. Almost all of this outflow consisted of equities, severely impacting Taiwan. While Emerging Asia grappled with major losses, Latin America encountered minimal setbacks amid election related volatility. Additionally, Chinese stocks continued to see foreign sell offs for the fifth consecutive month.
Key Republicans seek briefing from Nvidia CEO over Chinese spy allegations
The New York Times reported last month that US authorities were investigating Alice Huang, a former executive of Singpore-based company Megaspeed, which buys AI chips from Nvidia. US authorities have scrutinized Megaspeed over suspicionsit helped Beijing gain access to advanced AI chips that are barred from shipment to China.
Tax reporting lapses could risk India's sovereign rating, trigger withholding tax penalties: Income Tax Principal DG Debjyoti Das
Speaking to the media on the sidelines of the 'Summit on Global Financial Compliance (FATCA & CRS)' in Mumbai, Debjyoti Das, Principal Director General of Income Tax (Intelligence & Criminal Investigation), highlighted the growing risks associated with non-compliance in cross-border financial reporting.
FIIs pour Rs 15,000 crore into Indian stocks in biggest single day buying over a year
Foreign institutional investors invested Rs 14,975 crore in Indian equities on Thursday, marking their biggest single-day purchase in over a year. The buying spree boosted market sentiment, sending the Nifty up 2.4% amid easing crude prices and improving global cues.
A global AI selloff could send money India's way, says Uday Kotak
Uday Kotak highlighted the potential for India to attract foreign investment as global AI valuations rise. Indian equities have performed relatively well, rebounding nearly 10% from lows earlier this month. Despite the drop in tech-heavy Asian markets, local stocks demonstrate resilience due to continued domestic investor confidence.
Israel's president Herzog takes first steps on building new government after accepting election results
Israeli President Isaac Herzog has accepted the election results and started consultations with party leaders. Netanyahu's bloc lost its majority in the Knesset, while Arab-led parties made significant gains. The elections commission reported no evidence of fraud, despite Netanyahu's allegations. Herzog emphasized the importance of public trust in the electoral process during his consultations. If coalition talks fail, Israel may face another election in the near future.
Israel election results 2026: Herzog accepts Israel poll results, Netanyahu faces coalition test
Israeli President Isaac Herzog has accepted the certified election results and will start consultations with party representatives. Neither Prime Minister Benjamin Netanyahu nor opposition leader Gadi Eisenkot achieved a parliamentary majority in the recent vote, requiring negotiations. Smaller parties are being approached for potential alliances to form a government.
IndiaAI Mission's three indigenous AI models target offline mobile access, secure use in critical sectors
Three indigenous artificial intelligence (AI) models launched under the Centre's IndiaAI Mission are being developed for applications ranging from offline access on mobile phones to secure use in critical sectors such as defence, cybersecurity and banking.
Vietnam proposes pact with India to protect classified information
Vietnam has proposed an agreement with India to exchange and protect classified information, while both countries have agreed to strengthen real-time sharing of strategic intelligence. The proposals were discussed during National Security Adviser Ajit Doval’s meetings with Vietnamese leaders in Hanoi.
Sensex, Nifty soar to a two-month high as FPIs ramp up buying activity
Indian benchmark indices Sensex and Nifty closed at their highest levels in nearly two months. Foreign investors have been net buying Indian equities, contributing to market gains over the past sessions. HDFC Bank was a significant contributor to the Nifty's gains, along with other major stocks like ICICI Bank. Decreasing crude oil prices have improved market sentiment among investors recently.
US Midterms: Exit polls reveal voter dissatisfaction with Trump administration as economic concerns dominate 2026 elections
Dissatisfaction with the country's direction is influencing voter sentiment ahead of the 2026 midterm elections. Recent exit polls indicate three-quarters of voters feel unhappy with the current state of affairs. Economic concerns are a major source of voter frustration, especially regarding financial conditions. Democratic voters show particular anger about these issues, reflecting a broader mood of discontent. Overall, this growing economic dissatisfaction is shaping the upcoming electoral landscape.
US intelligence sharing has fractured under Trump, officials say
US intelligence sharing on Iran and other global threats has slowed or temporarily stopped under President Donald Trump, raising concerns about gaps in policymakers' understanding of national security risks. Tensions between the CIA and the Office of the Director of National Intelligence, staffing cuts and political interference have further weakened coordination across intelligence agencies.
FPI holding hits multi-year lows in 70% of top 100 Indian companies
Foreign investors have significantly reduced their holdings in nearly 70% of India's leading companies in recent years. Major firms, including banks and IT sectors, are seeing foreign ownership decline to multi-decade lows. This decrease in foreign investments mirrors diminished expectations for growth in India relative to other global markets. Although some companies experience slight increases in foreign ownership, they still remain at historical lows.
Pixxel's Indian ownership comes under scrutiny
Pixxel founder and chief executive Awais Ahmed in a blog post on X said the company remains “headquartered, owned, managed and controlled in India,” on Monday. Indian investors, including the founders, collectively hold the largest shareholding in the company, followed by investors from Singapore, the UK and the US, he added.
South Korean shares rebound as strong exports spur dip-buying
South Korean shares rose after early losses due to strong export data that improved investor sentiment. Exports from South Korea nearly doubled in October, marking their highest increase in over 50 years. Analysts indicated that this performance might lead to upward revisions in corporate earnings forecasts. However, factory activity in South Korea expanded at its slowest pace in eight months.
FPI G-Sec outflows nearly halve to Rs 5,400 crore in October
Foreign portfolio investors reduced their selling of Indian government securities and equities in October compared to September. Despite this, high oil prices and global yields pose challenges for sustained portfolio inflows. Economists caution that the slowdown may not indicate a definitive change in foreign investment trends. Political dynamics in other emerging markets might influence foreign capital movement toward India.
Nifty 50 vs S&P 500 vs Brazil Bovespa vs Japan Nikkei: Which share market performed the best in last 10 years
Welcome to TrendMap, your quick guide to investment performance. This edition tracks 10 years of global equity returns. Currency fluctuations impact the returns on foreign investments. To capture the real value from an Indian investor’s standpoint, these returns are adjusted to reflect their equivalent in Indian rupees. The key takeaway: no market dominates—diversification matters. By Sameer Bhardwa
Sebi to delist penny stocks: Market regulator plans AI-based surveillance of such firms
The Securities and Exchange Board of India plans to delist companies that have no economic activity. This move aims to protect investors, especially those investing in penny stocks. The regulator highlights the potential dangers posed by such inactive companies in the market. Additionally, Sebi intends to announce compliance requirements for foreign institutional investors soon.
EAM Jaishankar urges Quad to focus on freedom of choice
External Affairs Minister S Jaishankar emphasized freedom of choice and resilient supply chains during the Quad meeting. He highlighted countering non-market practices as a key priority for discussions with partner nations. The Quad aims to enhance cooperation in maritime security and counter-terrorism measures. Additionally, over USD 85 million will be extended for AI access across the Indo-Pacific region.
G20 foreign ministers end Atlanta meeting without consensus on key issue, group photo cancelled
Top diplomats from the G20 met in Atlanta, but they could not agree on important global security issues. Tensions, particularly regarding Russia's war in Ukraine, overshadowed the talks and affected the outcomes. The meeting concluded without a joint communique, only a chairman's statement summarizing their discussions. Despite the lack of consensus, efforts were made to strengthen cooperation on supply chains and mineral resources.
Quad to step up cooperation in AI, critical minerals
US Secretary of State Marco Rubio met External Affairs Minister S Jaishankar, Japan's Foreign Minister Toshimitsu Motegi and Australian Foreign Minister Penny Wong on the sidelines of the G20 Foreign Ministers' Meeting in Atlanta.
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