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INDIA MARKET | Thu, 12 Nov 2026, 9:17PM IST Vance has participated recently in outreach to Iran

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11m

INDIA BUSINESS | Thu, 12 Nov 2026, 8:59PM IST Developed by IIT Madras, the LLM is trained on 65,000 internal inspection reports and will help CAG auditors analyse financial data, identify patterns and streamline routine work

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GLOBAL NEWS | Thu, 12 Nov 2026, 8:56PM IST The Nvidia founder and chief executive, who resigned on Thursday, is among a group of top bosses whose romantic relationships got them in trouble.

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INDIA NEWS | Thu, 12 Nov 2026, 8:54PM IST Mumbai: State Bank of India's Economic Research Department on Thursday revised the estimate for RBI's December rate hike to 0.25 per cent, down from the earlier projection of 0.50 per cent.In a note, they attributed the revision to improved external conditions, revival in foreign fund inflows and easing pressure on the rupee.Also Read: India's October retail inflation quickens to 6.09% to breach RBI's tolerance ceilingInterestingly, the note got published hours after headline inflation shooting the 6 per cent tolerance band set for the RBI, and analysts' expectations of more such prints being in offing.The SBI report said that there is a "50:50 probability" of the December hike being the final one in the current cycle, as it said that the terminal repo rate can be at 5.75 per cent as well.The RBI hiked the benchmark policy rate by 0.25 percentage point to 5.50 per cent in October, its first hike in nearly four years, while signalling that further rate hikes could follow amid rising inflation, a weak rupee and high crude oil prices.Also Read: India's growth gets further votes of confidence as Moody's raises FY27 forecast to 7% from 6.5%SBI Research expects inflation to remain above 6 per cent in November before moderating thereafter. It said trends in the first two weeks of November's price data from the Department of Consumer Affairs also indicate that inflation could remain elevated.The department had earlier outlined two possible policy options for the December monetary policy committee (MPC) meeting -- an aggressive 0.50 per cent or a 0.25 per cent increase accompanied by another 0.25 per cent adjustment through corridor widening.However, recent developments have shifted the balance of probabilities towards a 0.25 per cent, it said.SBI Research said the RBI's efforts to manage rupee volatility have yielded results, with the domestic currency moving below 94 against the US dollar, while liquidity pressures have also eased.The call money rate, which had risen to as high as 5.8 per cent in the last week of October, subsequently declined to below the marginal standing facility (MSF) rate of 5.44 per cent, it said.The improvement in the external environment and revival in capital flows are expected to further ease pressure on the rupee. Foreign institutional investors have infused around USD 7.65 billion into Indian markets since November 6, according to the report.The correction in artificial intelligence-related valuations globally could also improve India's relative market valuations and support foreign fund inflows, it said.On the commodity front, the prospect of de-escalation in the US-Iran conflict has improved the outlook for crude oil prices. Crude prices have declined 11 per cent since the US elections, to around USD 87 per barrel, the report said.SBI Research also expects US Treasury yields to soften following the Democrats' victory in the US mid-term elections, with the 10-year yield likely to move towards 4.75 per cent.For India, it expects the 10-year government bond yield to settle in the 6.75-7 per cent range, but with a clear downward bias. Importantly, expectations of three to four successive rate hikes, which had gained traction earlier, now appear to be an "outlier", the report said.

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GLOBAL NEWS | Thu, 12 Nov 2026, 8:42PM IST Nvidias ousted leader was a rhetorical and financial booster for investments that are driving economic growth.

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INDIA MARKET | Thu, 12 Nov 2026, 8:30PM IST Wall Street's main indexes opened lower on Thursday after Nvidia said CEO Jensen Huang was stepping down, leaving the AI industry without its biggest champion.

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INDIA MARKET | Thu, 12 Nov 2026, 8:30PM IST Nvidia's stock took a hit after CEO Jensen Huang stepped down, amid swirling personal controversies. This turmoil added noticeable pressure to the AI sector, dragging down the value of related stocks. Additionally, surging oil prices are exacerbating inflation worries across the market. Investors are keenly awaiting the Producer Price Index data for insights on inflation trends, even as some sectors continue to show resilience amidst the declines.

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INDIA MARKET | Thu, 12 Nov 2026, 8:26PM IST The GIFT City route offers an alternative to investing directly in foreign stocks through overseas brokers

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1h

INDIA BUSINESS | Thu, 12 Nov 2026, 8:24PM IST India tops resilience index, but fiscal deficit and oil risks remain

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1h

INDIA MARKET | Thu, 12 Nov 2026, 8:17PM IST Wall Street opened lower, with the Nasdaq falling 1.47% and the S&P 500 down 0.90%, after Nvidia's announcement on CEO Jensen Huang triggered a sell-off in technology stocks.

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1h

GLOBAL NEWS | Thu, 12 Nov 2026, 8:16PM IST Nvidias ousted leader was a rhetorical and financial booster for investments that are driving economic growth.

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1h

INDIA MARKET | Thu, 12 Nov 2026, 8:15PM IST Wall Street's S&P 500 and Nasdaq fell as Nvidia's CEO exit rattled AI stocks, while rising oil prices and inflation concerns added to investor caution.

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1h

GLOBAL NEWS | Thu, 12 Nov 2026, 8:10PM IST News of the Nvidia co-founders relationship with a suspected Chinese spy, and his affair with an executive who reports to him, prompted his exit from the multi-trillion-dollar company.

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1h

GLOBAL NEWS | Thu, 12 Nov 2026, 7:58PM IST In a statement, Singapore said it held Alice Huangs passport months after President Trump was briefed that she was a spy.

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1h

INDIA BUSINESS | Thu, 12 Nov 2026, 7:52PM IST Vi raises additional funds, taking total to 10,500 crore in H1 FY27; plans more capex orders for network expansion

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1h

INDIA NEWS | Thu, 12 Nov 2026, 7:47PM IST A sector-wise assessment of PLI scheme shows that nearly 70 per cent of the targeted segments are on track, with particularly strong outcomes emerging in electronics, telecom and pharmaceuticals drugs, NITI Aayog said in a report on Thursday. As of March 2026, cumulatively the scheme has attracted investments of Rs 2,40,138 crore, generated production worth Rs 22,66,412 crore, created employment for 8,49,069 individuals, and disbursed Rs 35,354 crore in incentives. "The assessment indicates that the production linked incentive (PLI) scheme is beginning to generate meaningful additionality across several sectors. "...the sector-wise assessment of PLI scheme indicates that nearly 70 per cent of the targeted segments are broadly on track, with particularly strong outcomes emerging in electronics, telecom and pharmaceuticals drugs," the report 'Impact Assessment of PLI Schemes' said. The report pointed out that large scale electronics manufacturing (LSEM) with an outlay of Rs 34,193 cr

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1h

INDIA NEWS | Thu, 12 Nov 2026, 7:46PM IST Washington: Five people were shot early Thursday in a trendy Washington, D.C., neighborhood within walking distance of the White House, said police, who were responding to multiple locations.The shooter had not been caught, and the locations of the shootings were unclear, police department spokesperson Nicole Deaner said.Also Read: Mark McGuinn cause of death: What happened to the country singer who died at 58?The shootings were reported in Logan Circle, about 1 mile north of the White House. No other details are immediately available, police Officer Nathan Clarke said.Police urged people to avoid the area of the 1500 block of 15th Street, which includes a VIDA fitness center, St. Lukes Episcopal Church and residences and is around the corner from a Whole Foods supermarket. Much of the block was cordoned off. Schools near the scene were placed on lockdown.Also Read: Jensen Huang quits as Nvidia CEO amid affair scandal; AI chip giant names Colette Kress interim chiefStreets around the area also were blocked off during a massive police response. The federal Bureau of Alcohol, Tobacco, Firearms and Explosives said it sent agents to the scene to help. And the FBI said its Washington field office was helping local police with the investigation.In early August 2025, a onetime member of President Donald Trumps Department of Government Efficiency was assaulted early on a Sunday morning in the Logan Circle neighborhood by a group of teenagers attempting to carjack him and a woman, authorities said.Days later, Trump fulfilled his threat to bypass local authority and imposed direct federal control over the city, sending in hundreds of National Guard members to reduce crime. That deployment continues today.

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1h

INDIA MARKET | Thu, 12 Nov 2026, 7:46PM IST Nvidia CFO Colette Kress will take over as interim CEO as the company begins its search for a permanent successor.

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GLOBAL NEWS | Thu, 12 Nov 2026, 7:44PM IST Ms. Kress, the companys chief financial officer, joined Nvidia in 2013.

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1h

GLOBAL NEWS | Thu, 12 Nov 2026, 7:34PM IST In a statement, Singapore said it held Alice Huangs passport months after President Trump was briefed that she was a spy.

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1h

GLOBAL NEWS | Thu, 12 Nov 2026, 7:30PM IST News that the chipmakers chief executive, Jensen Huang, stepped down drove Nvidias stock down and reverberated across global markets.

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1h

INDIA MARKET | Thu, 12 Nov 2026, 7:28PM IST Nvidia's Jensen Huang resigns as president, CEO with immediate effect

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2h

INDIA BUSINESS | Thu, 12 Nov 2026, 7:24PM IST Spinny delivered 9,377 used cars during the 31-day festive period, up 39 per cent year-on-year, as demand for SUVs, automatic cars and CNG-powered vehicles strengthened

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INDIA BUSINESS | Thu, 12 Nov 2026, 7:10PM IST Vodafone Idea's consolidated net loss widened to 5,975 crore in Q2 FY27, even as revenue from operations rose 6.2% year-on-year to 11,884 crore.

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2h

INDIA NEWS | Thu, 12 Nov 2026, 7:06PM IST Kimberly Powell has spent 18 years at Nvidia, moving from medical imaging to some of the company's biggest healthcare AI projects, including genomics and drug discovery. But the 48-year-old vice president is now in the headlines for a different reason.The New York Times reported on November 11 that she had an intimate relationship with Nvidia CEO Jensen Huang, 63, who is her direct boss. The report cited five people who worked at the company and said the two were seen being affectionate in a video recorded at a San Jose hotel during an Nvidia conference in March. Powell is married, the newspaper reported.When the Times asked Huang about his relationship with Powell, he reportedly replied, "I don't think you should be talking to me directly," before ending the call. Powell and Nvidia had not responded to Business Insider's requests for comment as of November 12. Neither has confirmed the reported relationship.The report comes as Nvidia is already dealing with another controversy involving Huang. The CEO recently told employees that he had been unfaithful to his wife, without naming anyone.Separately, the company's board has been examining whether a technology executive with alleged links to Chinese intelligence targeted Huang. That case involves Alice Huang, not Kimberly Powell. Together, the developments have put the company's leadership, internal policies and board oversight under fresh scrutiny.Who is Kimberly Powell and what is her role at Nvidia?Powell is one of Nvidia's senior executives responsible for taking its AI computing technology beyond conventional chip applications. Her current role covers healthcare and life sciences, two areas where Nvidia wants to expand the use of accelerated computing and artificial intelligence.
She joined Nvidia in 2008 as a director. Her initial responsibility was to establish Nvidia's graphics processing units (GPUs) as computing accelerators for medical imaging equipment.Before joining Nvidia, Powell worked in hardware engineering and product management at Planar Systems, where she focused on diagnostic imaging systems. She holds a bachelor's degree in electrical engineering, with a concentration in computer engineering, from Northeastern University.Her entry into Nvidia was not the result of a conventional executive recruitment process. On an August 2026 episode of the Lifers podcast, she explained that she had contacted Nvidia to discuss its computing technology. The company subsequently recognised its potential applications in healthcare and approached her about joining.She described the opportunity as a "dream come true."Powell's responsibilities grew over the years. Her LinkedIn profile says she became a senior director in 2016, leading an AI-focused business development team. In 2017, she was promoted to vice president of healthcare.When she joined in 2008, one of the main opportunities was using GPUs to process medical images. Medical imaging systems generate large volumes of data, and GPUs can process many calculations simultaneously. This makes them useful for applications such as analysing CT scans, MRI images and other diagnostic images.Over time, Nvidia expanded this approach into other parts of healthcare.Its medical imaging platform, MONAI, provides tools for developing AI applications that analyse medical images. Its BioNeMo platform supports AI research in biology and drug discovery. Parabricks uses accelerated computing to process genomic data.Powell's role has therefore expanded from promoting GPUs for imaging equipment to developing a wider computing and software ecosystem for healthcare companies, hospitals and pharmaceutical researchers.According to her profile on the Milken Institute's website, she also oversees the global strategy and commercial expansion of these platforms.Kimberly Powell report and Alice Huang investigationThe Powell report is the second major development involving Huang's personal relationships to emerge during Nvidia's current leadership crisis. But the two cases concern different women and different allegations.The first involves Alice Huang, a technology executive associated with Megaspeed. The New York Times previously reported that US officials believed she might have been recruited by the Chinese government to gather information about Nvidia.The allegations have raised national security questions because Nvidia makes some of the world's most advanced AI chips, which are subject to US export restrictions on sales to China.Nvidia's board launched an investigation into whether Huang had been targeted by a foreign intelligence effort. The company has also faced scrutiny over its relationship with Alice Huang and the circumstances surrounding the alleged intelligence operation.The issue has also reached Congress. Republican lawmakers have sought a closed-door briefing from Huang on his relationship with Alice Huang and the national security concerns surrounding Nvidia's business in China.On November 11, Reuters reported that Nvidia's board had met to consider whether Huang should be removed as CEO. The Wall Street Journal separately reported that the board was preparing to oust him.Nvidia has 11 board members, including Huang. Under the company's bylaws, a majority of directors can remove him, with or without cause. All directors other than Huang are considered independent.As of November 12, no final removal decision had been publicly announced.Reuters also reported that there was no obvious successor if Huang were removed. Nvidia's CFO Colette Kress and senior data-centre executive Ian Buck have been mentioned in discussions about possible leadership arrangements, but no successor has been announced.Nvidia is scheduled to report its quarterly results on November 17.Nvidia shares closed at $173.73 on November 11, gaining 2.87% during the regular session. However, the stock fell more than 8% in extended trading after reports that the board was considering Huang's future.Reuters reported that Nvidia shares also fell around 7% in early Frankfurt trading on November 12. The company's market value had declined by roughly $600 billion since the board announced its investigation into the Alice Huang matter, according to the report.

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INDIA NEWS | Thu, 12 Nov 2026, 6:49PM IST Vodafone Idea plans to raise $1.5 billion and NaBFID $1 billion as India Inc's proposed overseas borrowings decline to $7.05 billion in September from $8.13 billion in August

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INDIA NEWS | Thu, 12 Nov 2026, 6:49PM IST Of the total, $6.71 billion worth of proposals were under the general permission route, while $336.94 million was under the special permission route

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INDIA MARKET | Thu, 12 Nov 2026, 6:47PM IST In the latest quarterly report, Nebius achieved impressive revenue of $981 million, exceeding analyst projections of $907.5 million. The company is optimistic about future sales, forecasting between $12 billion and $13 billion by 2027. However, its revenue predictions for 2026 are slightly lower than the market's expectations. With customers opting for longer agreements at elevated prices, prepayments have significantly surpassed capital investments.

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2h

INDIA BUSINESS | Thu, 12 Nov 2026, 6:47PM IST Rapido's food delivery platform Ownly plans to deepen its presence in Delhi NCR, Mumbai, Pune, Chennai and Ahmedabad by the end of 2026, while expanding its operations to Kolkata

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2h

INDIA MARKET | Thu, 12 Nov 2026, 6:44PM IST Futures tracking the Nasdaq 100 fell significantly after Nvidia shares plummeted due to leadership concerns. Reports about CEO Jensen Huang led to a decline in investor sentiment towards AI-linked stocks. Additionally, the upcoming Producer Price Index data is raising inflation expectations among investors. Concerns over economic impacts and geopolitical risks remain prevalent, with a December rate hike by the Federal Reserve anticipated.

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2h

GLOBAL NEWS | Thu, 12 Nov 2026, 6:44PM IST The companys board is weighing the fate of its chief executive. Silicon Valley and Washington are steeling themselves for life without him.

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2h

INDIA MARKET | Thu, 12 Nov 2026, 6:41PM IST Clean Max Enviro Energy Solutions has signed an MoU to invest Rs 50,000 crore in Andhra Pradesh. This investment will focus on developing 3GW of integrated power generation facilities using wind and solar energy. The power generated will support a compute factory being established in Kurnool in collaboration with Neysa. Clean Max aims to integrate generation, storage, and distribution to meet rising clean energy demands.

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2h

INDIA MARKET | Thu, 12 Nov 2026, 6:41PM IST SIP registrations fell to 5.1 million in October, while closures rose to 5.9 million, leading to a decline in active accounts and a marginal drop in monthly contributions

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2h

INDIA BUSINESS | Thu, 12 Nov 2026, 6:36PM IST Reliance Industries plans to invest 43,000 crore over two years in an underground coal gasification project in Andhra Pradesh, with total investment potential of 2.73 lakh crore by 2030

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2h

INDIA NEWS | Thu, 12 Nov 2026, 6:35PM IST The rupee closed 0.37 per cent lower at 94.04 against the dollar as rising US Treasury yields weighed on the currency, while government bond yields hardened ahead of the weekly auction

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2h

INDIA BUSINESS | Thu, 12 Nov 2026, 6:31PM IST Page Industries reports an 11.5 per cent rise in Q2 FY27 revenue to 1,439.6 crore, while sales volume grows 5.5 per cent; shares fall 12.19 per cent on the BSE on Thursday

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INDIA MARKET | Thu, 12 Nov 2026, 6:23PM IST Ramayana stars Ranbir Kapoor, Sai Pallavi, Yash and Ravi Dubey.

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