GOVERNMENT COMPANY
Shree Cement to invest Rs 7,000 crore in Andhra Pradesh; plans plants in 3 districts
Shree Cement Ltd plans to invest Rs 7,000 crore to establish cement plants in Andhra Pradesh. The company will set up facilities in Kadapa, Anakapalli, and Guntur districts. This decision comes after incentives from the coalition government led by Chief Minister N Chandrababu Naidu. Shree Cement aims to increase its production capacity beyond 80 million tonnes in the near future.
Megaspeed, firm central to Nvidia CEO Jensen Huang's scandal, pledges to cooperate with US probe
In its first statement since Huang admitted to having an affair with a Chinese woman and former executive of the company, Megaspeed International said Thursday that it takes its obligation to comply with U.S. export control laws "extremely seriously."
OpenAI executives pranked by Russian comedians, discussed military support for Ukraine
In a surprising breach of security, three OpenAI officials fell victim to a clever scheme, believing they were in conversation with Ukraine's head of foreign intelligence. The impersonators engaged in discussions regarding military aid and AI tools, ultimately leading to officials revealing sensitive conversations with the Pentagon about support for Ukraine.
BJP demands transparency from Industries Minister on Rs 1,370 cr expansion plans in Tamil Nadu
The Tamil Nadu BJP spokesperson Narayanan Thirupathy challenged TN Industries minister S Keerthana's claims of Rs 1,370 crore expansion plans of South Korean companies. Thirupathy said the investments were not the government's achievement but routine expansion of existing South Korean companies in the state. He claimed that most of the new manufacturing capacity expansion and jobs went to Andhra Pradesh.
India may open doors to multinational pharma firms for first-in-human Phase I trials
India is considering modifications to its pharmaceutical regulatory framework to attract multinational companies for clinical trials. Discussions have commenced regarding allowing these companies to conduct Phase I trials in India. Authorities aim to enhance India's appeal for global drug innovation and development. Strengthening manufacturing compliance over the last two years has also been part of the plan.
Bright Outdoor Media moves to BSE, NSE main boards, eyes expansion in digital advertising
Bright Outdoor Media has moved its shares to the main boards of BSE and NSE. The company aims to expand its outdoor advertising network and digital billboard portfolio. Founded in 1980, it operates over 1,350 hoardings and 50 digital LED billboards in Mumbai. The transition follows its listing on the SME platform in March 2023, establishing a significant moment for the OOH advertising industry.
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Ola Electric shares jump 7% ahead of Q2 results, extends EV-policy rally
Ola Electric shares have rallied 9% in two sessions, adding over Rs 1,400 crore to the company's market value after the Centre made EVs its preferred choice for government staff-car procurement. Investors are now awaiting the electric two-wheeler maker's Q2 results for signs of a recovery in its business.
Why is Nvidia so powerful in the AI world, and what could Jensen Huang's scandal really cost?
Nvidia's CEO Jensen Huang has recently admitted to an extramarital affair, and the woman involved, Alice Huang, has been accused of being a Chinese spy. The company's share price tumbled after the affair was revealed and is reportedly under criminal investigation. The industry is known for its circular financing schemes, with investors already fretting over whether AI investments can ever return profits.
Bond rush continues amid milder yields, costly loans
Indian companies are raising funds through bond issuances as government bond yields improve and borrowing conditions become favorable. More than ₹3,500 crore was raised in bond sales recently, continuing a trend from last week. Many companies, including Tata Capital and Axis Finance, are tapping into the bond market for advantageous financing. Banks are beginning to raise lending rates, making loans more expensive for companies.
Palantir’s software powers Trump’s immigration operations, now CEO Alex Karp says crackdown went too far
Palantir CEO Alex Karp says the Trump administration went too far with immigration enforcement, despite his company's technology supporting its deportation operations. After Democrats’ midterm victories, Karp has also described himself as a lifelong Democrat and left open the possibility of backing a Democratic presidential candidate in the 2028 election.
Wachtell, Nvidia's pick for Huang probe, built reputation in boardroom battles
The investigation will be led by Joon Kim, a former top federal prosecutor who joined Wachtell last month from a rival firm. Kim was second-in-command under former Manhattan US Attorney Preet Bharara during Democratic US President Barack Obama's administration.
Jensen Huang's affair with alleged Chinese spy allowed $7 billion+ Nvidia chip sales to China: Report
The US government has reportedly identified Alice Huang as an intelligence asset working for the Chinese Ministry of State Security (MSS). However, there is no evidence that could prove Jensen Huang knowingly helped her or was aware of her alleged links to the government.
Centre's EV push puts electric mobility stocks in the fast lane; M&M, Ola Electric lead rally with gains of up to 5%
Electric mobility stocks rallied on Wednesday after the Centre made EVs the default choice for government staff-car procurement and doubled the price ceiling for electric cars to Rs 20 lakh. M&M led the gains, followed by Ola Electric, Hyundai Motor India and TVS Motor Company.
Liberian-flagged tanker carrying six Indian seafarers hit by projectile in Persian Gulf while sailing towards Dubai
A Liberian-flagged oil tanker carrying six Indian seafarers was hit by a projectile while travelling through the Persian Gulf on Tuesday, leaving four crew members injured, including one Indian national. Union Minister Sarbananda Sonowal said the remaining 18 crew members, including five other Indians, were safe.
"Bogus movement led by bogus leader Rahul Gandhi": Pralhad Joshi targets Congress over ethanol blending row
Union Minister Pralhad Joshi accused the Congress of misleading the public regarding ethanol blending in petrol. He stated that Congress's criticism aims at political appeasement of minorities and Rahul Gandhi. The Karnataka government supports claims of substantial ethanol blending by oil marketing companies, despite their denial. Joshi argued there is no commercial logic to the Congress's claims considering petrol and ethanol prices.
Nvidia's clubby board faces a sticky 'honey pot' test
Nvidia's CEO Jensen Huang is under investigation after allegations of an affair with a suspected Chinese spy. The company's board of directors is facing scrutiny regarding its independence to investigate the CEO's conduct. American national security concerns are heightened due to Huang's close ties with political figures, including Donald Trump. Nvidia's advanced semiconductor technology is critical in the competitive AI landscape.
mjunction facilitates sale of 3,200 tonnes of onions through NAFED, NCCF auctions
mjunction Services has facilitated the sale of more than 3,200 metric tonnes of onions through digital auctions for government agencies NAFED and NCCF, as the government releases buffer stocks to improve market supplies and contain price increases.
Australia tightens AI oversight rules after OpenAI agent breached government website
Australia has announced stringent new measures for artificial intelligence companies, mandating immediate reporting of any misaligned actions to bolster cybersecurity. Additionally, open evaluations of AI models will ensure adherence to established guidelines. Following a breach by OpenAI in June, Prime Minister Anthony Albanese highlighted potential reforms in criminal law for serious misconduct cases, reaffirming the government's commitment to mitigating AI-related risks and safeguarding public interests.
Nvidia CEO Jensen Huang could face major trouble when Democrats take control of Congress: Report
Nvidia Chief Executive Officer Jensen Huang could face scrutiny regarding his relationship with Alice Huang. Concerns have arisen about her possible links to Chinese intelligence and potential implications for national security. As Democrats prepare to take control of Congress, lawmakers may intensify scrutiny on Huang's conduct and business dealings. Governance experts suggest that this situation could lead to changes in Nvidia's leadership structure.
Nvidia intervened in US probe of Megaspeed chip smuggling
In a notable move, Nvidia's general counsel communicated with US officials about the ongoing inquiry into Megaspeed International's suspected chip smuggling. The detention of Megaspeed's executive, Alice Huang, has cast a shadow over Nvidia's involvement. Teter's interactions prompted restrictions on the Bureau of Industry and Security's measures against Megaspeed. As questions around chip sales arose, Megaspeed has steadfastly rejected the allegations, continuing to proudly uphold its partnership with Nvidia.
Sarvam names Google Cloud India head Sashikumar Sreedharan as president & chief business officer
Sashikumar will additionally join Sarvam's board of directors. He will lead the company's business across enterprises and government, while expanding its engagement with digital-native companies, developers and partners.
E20 debate widens: Karnataka to reveal probe findings on Monday; MoS Suresh Gopi backs OMCs
Karnataka authorities are set to reveal more information regarding the alleged excessive ethanol blending in petrol. Chief Minister DK Shivakumar stated that the government has received numerous complaints from motorists concerning vehicle performance issues. Inspection teams collected petrol samples from various retail fuel outlets and ethanol blending facilities across the state. Additionally, Kerala has ordered laboratory tests on petrol samples amid this controversy.
Banks, schools, colleges and offices holiday tomorrow: What's open and what's closed on November 9, a day after Diwali; check latest announcements
November 9, 2026, will see different holiday arrangements across India following Diwali on Sunday. Gujarat and Tamil Nadu have announced additional holidays, while government offices in Mumbai, Pune and parts of Maharashtra will also remain closed. Banks will largely operate normally, subject to the RBI's city-wise holiday calendar.
Rahul Gandhi demands clarity on ethanol blending in petrol from PM Modi amid Karnataka findings
Rahul Gandhi has called on Prime Minister Modi to clarify the ethanol blending limits in petrol. Karnataka officials claim independent tests revealed excessive ethanol levels in petrol samples. According to Gandhi, 11 out of 14 tested samples exceeded the 20% ethanol limit. Oil companies like HPCL, IOC, and BPCL have denied these accusations regarding the blending practices.
Rahul Gandhi questions Centre over excess ethanol in E20 petrol, seeks action against oil companies
Rahul Gandhi has raised concerns regarding high ethanol levels in petrol sold in Karnataka. He claims that numerous petrol samples exceeded the prescribed limit of 20%. Oil marketing companies have disputed these allegations, asserting their fuel meets regulatory standards. Karnataka authorities are seeking accountability and transparency regarding fuel quality. An investigation into the matter has been called for to protect consumer interests.
Noel Tata to retire as Titan vice-chairman on November 12 after turning 70
By November 12, 2026, Noel N. Tata will step down from his positions at Titan Company Limited, adhering to the Tata Group's governance norms on the retirement age for directors. He has been a part of Titan's board since March 2022 and has filled several important roles within the Tata Group.
Shriti Vadera appointed adviser to Britain's finance minister
Shriti Vadera has been appointed as an adviser to Britain's finance minister John Healey. She will focus on the government's role in the G20 international forum next year. Vadera will provide guidance on development finance and policy implementation from now until July 2027. Her previous experience includes serving as an international development minister and advising Britain's Treasury. Vadera also holds leadership positions with the Royal Shakespeare Company and Prudential.
Bayer signs MoU with Karnataka government for ₹200 crore manufactuing facility near Bengaluru
Bayer Science and Innovation signed a Memorandum of Understanding with the Karnataka government to establish a manufacturing facility. The investment is worth ₹200 crore and is expected to create around 220 jobs. The agreement was signed in the presence of Large and Medium Industries Minister M. B. Patil. Bayer intends to break ground before the Global Investor's Meet scheduled for April 2027.
India Inc’s boardroom report makes for grim reading
Women currently hold one in five seats on Nifty 100 company boards, remaining unchanged over the past four years. Younger independent directors under the age of 50 have decreased in number on these boards. A report reveals that 17 companies, primarily state-run, lack the required number of independent directors.
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