INFORMATION TECHNOLOGY ACT
Nvidia opens probe into CEO Jensen Huang over alleged affair with woman suspected of spying for China
Nvidia has launched an independent probe into CEO Jensen Huang after reports that he had an affair with a Chinese executive suspected by US intelligence of working for Beijing. Huang admitted to being unfaithful and apologised. The investigation will examine potential national security risks and possible exposure of company secrets.
For long- and medium-term investors: Cycles turn, principles don’t; 5 large-cap stocks with upside potential of up to 29%
These are the stocks that fell the most, so they may bounce back the most if the fund flows return. They are the ones FPI money will target first. And they tend to be the businesses with great track records, the ones that have been through bad patches like this before and have come out unscathed. Yes, we are talking about large-cap stocks.
Manipur CM urges students to shun agitation, choose dialogue to resolve crises
Manipur Chief Minister Yumnam Khemchand Singh inaugurated an AI-Enabled Career Intelligence Hub for student career guidance. He urged students to avoid agitation and focus on dialogue to resolve conflicts peacefully. Singh highlighted the importance of honesty, sincerity, and hard work in shaping future careers and aspirations.
Government clears Rs 7,503 crore investments under ECMS in sixth tranche
The latest group of 12 applicants includes manufacturers of up- stream materials such as anode and cathode materials. Together, these companies plan to produce goods worth 182,243 crore at faci- lities across 10 states and employ more than 9,500 workers.
Vaishnaw puts onus on social media platforms to curb online harm, stops short of safe-harbour clarity
Vaishnaw said social media companies could no longer remain passive intermediaries as the digital ecosystem evolved and must take responsibility for the harmful consequences of content circulated through their platforms, including cyber fraud and so-called digital arrest scams.
Delhi Police arrest Maya IPTV operator after raids in Delhi, Haryana
Delhi Police carried out significant raids in both Bahadurgarh, Haryana, and Rajouri Garden, Delhi, where they arrested a suspected reseller accused of distributing content illegally. This action followed a complaint from JioStar regarding unauthorized distribution practices. The suspect allegedly operated the Maya IPTV application for approximately two years, which granted access to over 4,450 television channels. Law enforcement continues to investigate and identify others within the distribution network.
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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.
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.
Carl Pei teases Nothing’s first AI-native product; says it 'couldn't have been an app'
Nothing will launch its first AI-native product in December with a focus on productivity. The chief executive, Carl Pei, provided limited details about the product’s functions. It is suggested that the product may help users capture conversations and take notes. Other companies are also exploring wearable AI devices that focus on companionship or productivity.
A fund copying Congress’s stock trades beat the S&P 500, thanks mostly to one stock
The Unusual Whales Subversive Democratic Trading ETF, named NANC, has shown remarkable performance, exceeding that of the S&P 500 since February 2023. This fund strategically utilizes the stock trades of Democratic lawmakers to shape its investment strategy. With significant holdings in leading technology firms, especially in AI innovations, its recent achievements can be attributed to a thriving AI market.
TRAI rules out penalties on operators based on user tests
Launching the Network Anubhav platform, Lahoti said there would be "no penalty on the basis of user test alone." A penal action, he said, "has to follow certain standards before you conclude that it is a failure." Trai, he added, does not impose penalties but financial disincentives for not meeting specific regulatory requirements.
AI turns cyber threat into boardroom crisis
In India, State Bank of India disclosed that 375,000 customer records had been leaked on the dark web, while vulnerabilities in eMudhra’s digital certificate keys exposed websites to potential attacks.
FICCI makes recommendations to FM ahead of Budget 2027-28, highlights LTCG exemption, TDS relief and faster tax appeals
FICCI has recommended the restoration of long-term capital gains tax exemption on listed shares in Budget 2027-28. The organization highlighted concerns regarding the withdrawal of foreign portfolio investments and the impact of capital gains tax. Additionally, it requested the government to implement lighter TDS rules and resolve backlog issues in tax appeals. FICCI emphasized the need for measures to provide certainty to investors over the long term.
US midterm election results: What Trump & Republicans' loss means for India
US midterms result: Indian industry and economy watchers were keenly looking at the polls to try and find out what direction US policy will take. In recent months, India's trade/export fortunes have swayed in lockstep with Trump's tantrums, making policymakers jittery over any new development in the US.
U.S. and Japanese Companies Struggle with Different Parts of AI Adoption—and Offer Different Lessons for Making It Work
Companies in both the U.S. and Japan are struggling to deploy AI, but often in very different ways. In the U.S., deployment is wide but shallow, meaning companies struggle to create real value with AI. In Japan, deployment has moved slowly, but where it has happened, it’s often deep and fruitful. Understanding what’s happening in both contexts offers important lessons for companies trying to develop an AI strategy and demonstrate ROI on their AI investments.
From lab to farm: How Proximal Soilsens is developing a ‘glucometer’ for soil testing
Developed over nearly a decade of research at IIT Bombay, Proximal Soilsens’s patented NutriSense X aims to make laboratory-grade soil testing portable, faster and accessible. The device tests multiple soil parameters in seconds, without requiring electricity or elaborate laboratory infrastructure.
'India is neither an ally or a superpower': Delhi Police file FIR against Prashant Bhushan for sharing a fake video of Russian Foreign Minister Sergey Lavrov
Delhi Police has taken action against advocate Prashant Bhushan by filing an FIR for sharing a deceptive video purportedly from Sergey Lavrov, which harshly critiques India's oil imports from Russia. Confirmations from the Ministry of External Affairs and the Russian Embassy reveal the video is misleading. Concerns are rising that this could jeopardize India-Russia relations, with suggestions of involvement from Pakistani entities, as the SCO Civilisational Dialogue in Delhi approaches.
PNB staffer, Pune man arrested in alleged Rs 10.24 crore bank fraud case
An office assistant of Punjab National Bank in Greater Noida and a private individual have been arrested for alleged fraud. The fraudulent activity involved Rs 10.24 crore in unauthorized withdrawals from multiple customer accounts. Punjab National Bank's investigation began after a customer reported suspicious debit transactions in her account. The accused allegedly carried out the transactions over three years using compromised banking credentials.
Quant Mutual Fund reduces exposure to frontline IT stocks as part of profit-booking exercise
Quant Mutual Fund has strategically reduced its exposure to IT stocks and boosted its investments in FMCG sectors. This shift is due to disappointing earnings from key tech companies, leading to a cautious approach towards manufacturing amid ongoing supply chain issues. Nevertheless, the fund expresses confidence in India's investment potential amidst global market instabilities and has also introduced three new index funds for passive investors.
Govt mulls giving Cert-In enforceable powers to mandate patching
Last month, two critical flaws in the PHP programming language, discovered with the help of AI, created worldwide panic as hackers targeted the vulnerabilities millions of times, and led to governments including the US, UK, France, Germany and Japan taking down public websites. PHP powers 69.3% of websites worldwide.
Consent managers search for viable revenue model as registration nears
Consent managers are intended to help individuals manage, review and withdraw consent for the processing of their personal data, and they're required to be registered with the Data Protection Board of India (DPBI). A consent manager is data-blind, and processes metadata, consent artifacts, and cryptographic routing instructions.
Assam signs Rs 600 crore deal for India's first state-run proton therapy centre
The Government of Assam has signed an agreement with IBA Particle Therapy India Pvt. Ltd. to establish a Proton Beam Therapy Centre. This facility will be the first of its kind in India, aiming to provide advanced cancer treatment. The project involves an investment of approximately Rs. 600 crore, with support from the World Bank. Specialised training will be provided to medical personnel for operating this advanced technology.
Redefining corporate leadership and enterprise growth with CFOs and CHROs
The role of CFOs and CHROs is shifting from basic management to high-level strategy. Today’s business leaders need to stay flexible and bridge the gap between their workforce’s potential and smart financial decision-making to drive real, lasting growth.
Honeywell leaning on physical AI to net $1 billion India revenues
The $69 billion building, process, and industrial automation giant, carved out from the Honeywell industrial conglomerate as part of a companywide restructuring, is betting big on physical AI, leveraging its hardware and software experience, Anant Maheshwari, president of strategy and president & CEO of global regions told ET in an interview.
Google went to Finland for its AI expansion. Now a cleared forest and a police probe threaten to overshadow its $15 billion investment
Google's planned expansion in Finland is facing scrutiny due to alleged environmental violations at a data centre site. Authorities are investigating whether the company breached local laws related to water management. The controversy has drawn public criticism and highlighted the need for responsible corporate practices. As investment in artificial intelligence increases, balancing economic growth and environmental protection remains challenging.
India is addressing Wall Street’s favourite ‘elephant’ in the room to its own advantage
The Indian government has identified 762 potential applications of artificial intelligence across 62 ministries and departments, spanning farming, railway safety, tax compliance, public grievances, customs and healthcare. While some tools are already in use, others remain in pilot or development stages.
TRAI’s internet TV proposal raises concerns over wider OTT regulation, say legal experts
The Telecom Regulatory Authority of India has proposed a new framework for internet-based linear television distribution. This recommendation could broaden the interpretation of the Telecommunications Act and affect other digital content. Legal experts express concerns over TRAI's jurisdiction regarding OTT services and the implications for freedom of speech. The Ministry of Information and Broadcasting must decide whether to adopt these recommendations.
Government open to media suggestions on Digital Personal Data Protection Act, promises to uphold press freedom
The Government of India is willing to consider suggestions from news organisations about the Digital Personal Data Protection Act. Ashwini Vaishnaw stated that journalistic freedom is guaranteed by the Constitution and will not be affected. Concerns have been raised about the Act's provisions potentially infringing on press freedom and the Right to Information Act. The Digital News Publishers Association argues for exemptions for journalism activities within the DPDP Act.
Clock’s ticking for data protection, but the boardroom remains empty
Under the Digital Personal Data Protection (DPDP) Rules, 2025, the framework for registering consent managers with the DPBI is scheduled to start on November 13. But a government response to a Right to Information (RTI) application shows that the board spent not a single rupee on salaries, office expenses, rent or information and communication technology equipment as of September 30 this year.
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