TECHNOLOGY ISSUES
Rajnath Singh calls for stronger defensive capabilities to maintain 'element of surprise' in future warfare; launches UDAAN-developed AI applications
Defence Minister Rajnath Singh called on the armed forces to strengthen offensive and defensive capabilities in modern warfare. He highlighted the need for improved integration and intelligence mechanisms to counter unexpected threats. The Defence Minister urged the Indian Air Force to develop doctrines for evolving warfare domains, including cyber and space. He launched in-house developed Artificial Intelligence applications to enhance operational capabilities across various domains.
Anthropic IPO: Can Indian investors apply for Claude maker's $64 billion share sale? Check rules
Anthropic, a prominent artificial intelligence company, is planning a significant IPO to raise up to $64.4 billion. The company, founded by former OpenAI executives, aims to attract global investors, including those from India. Indian investors can participate in the offering through overseas brokerage accounts after the listing occurs. While demand for the shares appears strong, most retail investors may miss the IPO allocation.
IIT Madras develops real-time digital twin platform for autonomous maritime navigation
Researchers at IIT Madras have created SEANAV, a digital twin platform for testing autonomous maritime navigation systems. This innovation simulates real-world conditions, reducing the costs and risks associated with testing. The platform supports applications in search-and-rescue operations and maritime defense. It is aimed at enhancing safety at major Indian ports and improving navigation strategies.
Alphabet's first Hong Kong, Singapore dollar bond sales draw $5 billion orders
Alphabet attracted approximately $5 billion in combined orders for its maiden Hong Kong and Singapore dollar bond offerings, reflecting strong investor demand. The fundraising supports its expanding AI infrastructure investments and diversifies its debt portfolio. The company may increase issuance sizes amid continued borrowing to finance growing technology investments.
CII summit puts spotlight on Naidu's importance as key NDA ally, Centre's show of strength
The CII Partnership Summit is scheduled for November 12-13 in Visakhapatnam, featuring key Union ministers and the Vice-President of India. This event aims to solidify N Chandrababu Naidu's role as a crucial ally of the NDA. Naidu will deliver the keynote address while discussions will focus on various economic issues. Ministerial participation will showcase potential investment opportunities in Andhra Pradesh.
House Republicans push for Nvidia's Jensen Huang to testify, float subpoena over spy allegations
A trio of House Republicans are unlikely to allow Nvidia CEO Jensen Huang to send his company's general counsel to answer questions on his behalf about his alleged relationship with a Chinese spy, according to a person familiar with the discussions.
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'Fourth Amendment doesn't allow it': AI facial recognition mistake lands Nebraska man in jail for 2 weeks; judge allows lawsuit against Kentucky cop
In a significant ruling, a US federal judge has allowed a lawsuit against Detective Ryan Kilmer to advance regarding a wrongful arrest involving Alain Vizcay Osorio. Arrested due to faulty AI facial recognition technology that erroneously identified him, Osorio's case emphasizes the vital protection the Fourth Amendment offers against improper detentions.
In 1954, Bell Labs scientists Daryl Chapin, Calvin Fuller and Gerald Pearson unveiled a solar battery that helped advance solar-powered technology
On April 25, 1954, Bell Telephone Laboratories made a significant breakthrough by introducing a solar battery designed to power telephone systems. The focus was on enhancing efficiency, enabling solar cells to transform 6% of sunlight into usable electricity. While it started as a specialized technology, solar energy has seen remarkable adoption, with projections suggesting that by 2026, it will represent a major share of new energy production.
Kissht parent OnEMI completes ₹832 crore preferential issue; 24 new investors join, existing shareholders add stakes
OnEMI Technology Solutions Ltd has successfully completed a preferential issue valued at ₹832.20 crore. The company allotted 2,64,93,882 equity shares to 34 investors, with trading approval received on November 8. The new shares increased OnEMI's paid-up capital to ₹20.46 crore, representing about 13 percent of the total capital. Ranvir Singh, the founder and CEO of Kissht, expressed gratitude to the investors for their support.
China is building inside Europe's trade walls, deepening its grip on critical industries
(The opinions expressed here are those of the author, the director of the Geoeconomics Program of the Center for the Study of Democracy)- China doesn't
Arunachal Pradesh inaugurates geothermal-powered drying unit to boost farmers' incomes
Arunachal Pradesh Science and Technology Minister Dasanglu Pul inaugurated a geothermal-powered drying unit in Dirang, West Kameng district, to promote renewable energy, reduce post-harvest losses and improve farmers' incomes. Developed with support from India, Norway and Iceland, the facility will use natural geothermal heat to preserve local agricultural and livestock products. Pul also urged the Centre to expedite the Seismic Microzonation Project to strengthen earthquake preparedness in the state.
US and China should stay clear-eyed on AI cooperation and competition, Scott Bessent says
The United States and China should harbor no illusions about their differences on artificial intelligence as they navigate cooperation to mitigate the technology's risks while competing for AI supremacy, US Treasury Secretary Scott
Nvidia stock crashes another 7%, down 32% in 24 trading days and wiping out $1.8 trillion: Is the Jensen Huang controversy creating a buying opportunity, or is Wall Street overlooking a bigger risk?
Nvidia stock crash: Can NVDA recover after losing $1.8 trillion? Since the Chinese spy controversy began, Nvidia shares have come under fresh pressure, falling another 7% and extending their 24-session decline to 32%. The sell-off has wiped out $1.8 trillion in market value. Concerns over Jensen Huang's leadership and a possible compromise of sensitive Nvidia technology are adding to investor worries, although both risks are considered unlikely.
Meta unveils India pricing for AI agent Muse ahead of local launch
Meta has announced the pricing details for its AI companion, Muse, in India. The subscription options are set at ₹1,799 for the 'Power' tier and ₹8,999 for the 'Maximum' tier. Users currently outside supported markets can register via a VPN. Muse aims to enhance user experience by integrating with various Meta services, positioning itself against local competitors like Instinct, available worldwide.
Kiss your wife goodnight: Donald Trump says he threatened to arrest unnamed top AI executive
US President Donald Trump revealed he issued a serious threat to an unnamed AI executive regarding security issues. After receiving intelligence about risk from an AI firm, he intervened directly with a warning of imminent arrest. Trump emphasized the need for American technological dominance in the face of competition from China and expressed a willingness to work with Democrats on regulations.
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.
South Korean shares surge over 3% as tech stocks rebound, oil prices ease
South Korean shares surged 3.57%, snapping a three-session losing streak, as gains in US technology stocks and falling oil prices boosted investor sentiment. Chipmakers Samsung Electronics and SK Hynix led the rally, while foreign investors turned net buyers. However, the won weakened and government bond yields edged higher.
Sebi approves 6 IPOs including Mahanadi Coalfields, Veritas Finance and Sagar Defence. Check details
Sebi has granted approval for initial public offerings from six companies across various sectors. Companies like Mahanadi Coalfields and Sagar Defence Engineering are set to enter the stock market soon. The IPOs include both offers for sale and fresh issue components to raise significant funds. These approvals come amid increasing investor interest in diverse industries such as defence and pharmaceuticals.
Meet Spencer Huang, Jensen Huang's son, who is building Nvidia's robot future as Director of Product Management for Robotics
Nvidia CEO Jensen Huang had a close relationship with alleged Chinese spy Alice Huang. Now, the investigation into the matter will be overseen by a committee of independent directors. The latest developments have brought back attention to Jensen Huang's family, including his wife, and two children, Spencer and Madison.
Alice in Nvidia CEO's secret world: Jensen Huang's personal affair matters far beyond than what meets the eye
Concerns about national security have emerged regarding Nvidia CEO Jensen Huang and a Chinese businesswoman, Alice Huang. US intelligence suggests Alice may have gathered information for Beijing after forming a close relationship with Jensen. Nvidia's advanced processors play a crucial role in AI and military applications, making them strategically significant in US-China relations. Congressional inquiries are seeking clarity on Nvidia's security protocols regarding foreign espionage risks.
MakeMyTrip's India arm gets Sebi nod to float IPO
MakeMyTrip's India subsidiary, MMT India, has received approval from Sebi for an initial public offering. This approval follows a confidential filing of draft papers made in July. The IPO will involve the sale of equity shares by MakeMyTrip and its subsidiary, ibibo Group Holdings. Proceeds from the sale are expected to enhance the cash position of the parent company.
Nvidia shares drop 5.75% after reports of probe into Jensen Huang's alleged link to Chinese spy
Nvidia's stock plunged by more than 5 percent amid an inquiry into CEO Jensen Huang's connections to a businesswoman linked to intelligence work. Chris Weston emphasized that this growing uncertainty is detrimental for Nvidia's shares, particularly as the data center sector thrives. The inquiry also disrupted corporate interactions among Nvidia leaders. Analysts cautioned that the ongoing probe could have ripple effects on semiconductor investments across multiple regions.
Trump announces Task Force Iron Gate to choke off Iran's trade routes, enforce restrictions on weapons supplies
US President Donald Trump has announced Task Force Iron Gate to restrict the movement of weapons, dual-use technologies and sanctioned materials into and out of Iran. The initiative will operate alongside a US naval blockade that CENTCOM says has prevented Iran from exporting more than $25 billion in crude oil.
Anthropic wants to create new billionaires through its IPO, but American voters are growing tired of Big Tech's wealth explosion
Anthropic is preparing for a significant IPO amid growing public resistance to AI-related infrastructure projects. Investors are discussing a valuation between $1 trillion and $1.5 trillion for the Nasdaq listing. Communities express concerns over environmental impacts and rising electricity costs linked to data centres. Public sentiment is shifting against technology companies, raising questions about economic benefits versus local costs.
Karnataka, Uber discuss passenger safety, regulatory issues and urban transport
Karnataka Minister Priyank Kharge recently met with the Uber India Public Policy team to discuss urban mobility. The discussions emphasized passenger safety, regulatory issues, and improvements in urban commuting services. Kharge mentioned that further engagement with ride-hailing platforms will enhance public transportation. Additionally, initiatives like the Bengaluru Urban Mobility Mission are underway to address traffic management and safety.
Bonus, stock splits & dividends: Dabur India, HUL, ONGC among 76 companies turning ex-record date this week
As many as 76 companies, including Dabur India, HUL, ONGC, NBCC, and HUDCO, have set record dates for dividends, stock splits, and bonus issues during the week of November 9-13. Markets remain closed on Tuesday, November 10, for Diwali-Balipratipada.
EU and India conclude negotiations on association to Horizon Europe to push innovation ties
India and the European Commission have completed negotiations for India’s association with Horizon Europe. The agreement is expected to enhance scientific cooperation between Europe and India significantly. Researchers from India will gain access to Horizon Europe funding and can lead joint projects addressing pressing global challenges. This association aims to facilitate collaboration in various fields, including health, climate, and energy.
Travomint parent SNVA Traveltech files updated draft papers with Sebi for public offering
SNVA Traveltech, parent of online travel platform Travomint, has filed updated IPO papers with SEBI for an entirely offer-for-sale issue of 12.75 crore shares. FY26 revenue rose 58.1%, while net profit jumped 73.7% year-on-year.
Maxwell Engineering shares list at 90% premium. Here's how HGS, other 2 SME issues debuted
Maxwell Engineering Solutions, HGS (India), Vectras Enprocon, and Johnsoncab Electricals recently marked their presence on the stock exchange, collectively raising around Rs 201 crore via their IPOs. Maxwell Engineering Solutions enjoyed a spectacular debut, while shares of HGS (India) also surged. However, Vectras Enprocon's performance was lackluster, with a tepid market response. Each firm presented varying subscription rates and price bands during their offerings.
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