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OpenAI brings local inference to India, starting with GPT-6 Luna
OpenAI has launched local processing for its API in India aimed at eligible enterprises and developers. This offering allows organisations to run supported AI workloads within the country, ensuring data processing remains local. The service initially supports the GPT-6 Luna model and facilitates text-based tasks for businesses.
At China’s big import fair, sellers try to crack a tough market
At the China International Import Expo in Shanghai, a plethora of international firms exhibited their products tailored for the growing Chinese consumer market. Emphasizing the importance of cutting-edge technology and skilled craftsmanship, businesses recognize the fierce local competition, with Chinese manufacturers enhancing their capabilities.
Global Market Today: Asian stocks mixed as Nvidia turmoil hits AI-linked shares
Nasdaq 100 futures fell over 1% and S&P 500 contracts lost 0.5% after Nvidia tumbled about 10% in late trading. The company’s board is meeting to discuss Huang’s future after he admitted to an affair with a woman US officials reportedly believe is a Chinese spy, according to a person familiar with the matter.
Dollar near one-month high as yen edges toward 160
The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, rose 0.63% to 102.85, its highest level since October 14.
India ranked an 'AI Rising Contender' by BCG, built on talent rather than compute
India has been identified as a Rising Contender in artificial intelligence by Boston Consulting Group's latest report. The country benefits from a large pool of skilled AI professionals, bolstered by returning talent from abroad. The government has implemented training programs to upskill millions of citizens and broaden access to AI knowledge.
European shares rise as Siemens Energy forecast lifts AI optimism; inflation concerns persist
European shares opened higher, supported by positive forecasts from Siemens Energy and CoreWeave, which eases AI investment concerns. The pan-European STOXX 600 index rose significantly, nearing record highs from August. However, inflation concerns, increased oil prices, and some stock losses tempered broader market optimism. Notable declines were seen in companies like Vestas and CSG due to disappointing profit forecasts.
Fed's Paulson signals further gradual interest rate hikes to curb inflation
Federal Reserve Bank of Philadelphia President Anna Paulson signals support for further interest rate hikes to curb persistent US inflation, which remains above the Fed’s 2% target. Strong October CPI data, resilient employment and rising price pressures reinforce expectations of monetary tightening, with markets anticipating additional increases in December.
Savita Punia makes way for Bansari Solanki in women's hockey squad for upcoming Asian Champion's Trophy
Savita Punia will not participate in the upcoming Asian Champions Trophy, being replaced by Bansari Solanki. The tournament will take place in Bhopal from November 19 to 28, with India as the defending champions. Salima Tete will continue to lead the team in this international competition following their recent Asia Games victory. Several players will assume different roles during the tournament to assess their capabilities.
Tech investor SoftBank Group logs $7 bn quarterly net loss
The company's profits routinely see wild fluctuations linked to the volatile value of global technology stocks and its changing portfolio of investments and acquisitions.
Japan's Yen intervention hits record $50 billion in single day in July
Japan spent a record $50.36 billion in a single day in July to strengthen the yen, which had fallen to a 40-year low against the dollar. It conducted interventions worth $97.19 billion overall, including coordinated action with the US and South Korea, highlighting growing concerns over continued currency weakness.
Japan bond yields rise as safe-haven demand eases after tech rebound
Japanese government bond yields rebounded as recovering technology stocks reduced safe-haven demand following last week's sharp selloff. Strong US jobs data and expectations of further Bank of Japan tightening also influenced investor sentiment across the bond market.
Japan's Nikkei rebounds 2% after tech stock rout
Japan's Nikkei 225 rebounded 2% on Monday following a sharp technology stock selloff that pushed the benchmark into bear market territory. The recovery was driven by Wall Street gains and tech sector stabilization, though market sentiment remained cautious amid ongoing Middle East tensions and US regulatory concerns.
D-Street poised for positive start as GIFT Nifty signals gains
The Indian market concluded lower during the special Muhurat Trading session, breaking a seven-session winning streak. Analysts indicate strong institutional participation and corporate earnings underpin the market structure. India VIX rose by 12% to reflect increased market fear, settling at 17.46 levels. Foreign portfolio investors net bought shares worth Rs 13,749 crore, while domestic investors sold shares.
Global Market Today: Asian stocks open mostly higher, Nvidia probe looms
Benchmark stock indexes rose in Japan and Australia after a gauge of US semiconductor shares jumped 4.2% on Friday as speculation about possible tighter Democratic party regulation of the artificial intelligence industry eased. The MSCI Asia Pacific Index of equities gained 0.5%.
'Godzilla Minus Zero' US release: Here's how critics and audiences are reacting to Takashi Yamazaki’s highly-anticipated kaiju epic
Godzilla Minus Zero, directed by Takashi Yamazaki, premiered on Nov. 6 and is performing quite well at the box office. Early reviews indicate overwhelmingly positive responses from both critics and audiences. It has achieved significant earnings and is expected to continue its successful run throughout the weekend. The film is set in 1949, following the events of its predecessor, Godzilla Minus One.
European stocks head for weekly losses amid global tech selloff
European shares tumbled as concerns over AI valuations, heavy technology spending and potential US restrictions on data-centre investments triggered a global selloff. Losses across major sectors wiped out the STOXX 600's weekly gains, putting the index on track for a weekly decline.
Quad Navies launch Malabar 2026 multi-domain drills to strengthen Free and Open Indo-Pacific
The United States, India, Japan, and Australia have kicked off Exercise Malabar 2026. This joint naval drill is focused on boosting the operational synergy and maritime capabilities of the participating nations. Notably, the Indian Navy's INS Sahyadri has arrived in Japan for this collaboration, symbolizing a significant step in strengthening regional security efforts in the Indo-Pacific. Through multiple phases, the exercise seeks to deepen trust among the allied forces.
SoftBank credit default swaps hit 4-year high as AI profitability concerns mount
SoftBank Group’s five-year credit default swap spread climbed to a four-year high as investors grew increasingly concerned about the profitability of artificial intelligence investments. Rising borrowing costs, questions over returns from its OpenAI investment and uncertainty surrounding AI infrastructure spending have added to credit market concerns.
Karnataka invites Japanese firms to scale manufacturing, tech alliances
Karnataka seeks collaboration with Japanese companies for manufacturing and innovation in various high-tech sectors. The state presents dedicated incentive packages to support electronics manufacturing and other industries. More than 200 Japanese companies currently operate in Karnataka, enhancing bilateral business relations. Agreements have been signed for Japanese language training to better equip local students.
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