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INDIA MARKET | Mon, 9 Nov 2026, 1:46PM IST Sensex Today | Stock Market LIVE Updates Monday: In the broader markets, the Nifty MidCap 100 and the Nifty SmallCap 100 fell 0.4 per cent or 0.64 per cent, respectively

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INDIA MARKET | Mon, 9 Nov 2026, 1:42PM IST 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.

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14m

INDIA MARKET | Mon, 9 Nov 2026, 1:29PM IST According to the ministry, 85 pharmaceutical companies have reported revised MRPs for 1,364 anti-cancer formulations across 121 drugs as of November 8, 2026

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INDIA BUSINESS | Mon, 9 Nov 2026, 1:29PM IST Nasdaq-listed travel booking platform MakeMyTrip's India subsidiary has received Sebi's approval to launch an initial public offering (IPO), according to an update available on the markets regulator's website on Monday. MakeMyTrip (India) Ltd (MMT India) had filed draft papers with Sebi in July through the confidential route. After examining the draft documents, the regulator issued its final observations on November 6. Sebi's observations mark an important step in the IPO process, allowing the company to proceed with preparations for its public issues, subject to applicable regulatory requirements. The proposed IPO is expected to comprise a sale of equity shares in MMT India by its parent MakeMyTrip and its wholly-owned subsidiary, ibibo Group Holdings (Singapore) Pte Ltd, the Gurugram-headquartered company said in a regulatory filing with Nasdaq. Following the completion of the proposed IPO, MMT India will continue to remain a subsidiary of MakeMyTrip, with its financial results

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INDIA MARKET | Mon, 9 Nov 2026, 1:27PM IST Sensex Today | Stock Market LIVE Updates Monday: In the broader markets, the Nifty MidCap 100 and the Nifty SmallCap 100 fell 0.4 per cent or 0.64 per cent, respectively

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30m

INDIA MARKET | Mon, 9 Nov 2026, 1:21PM IST ZEEL settled with a bullish reversal candlestick pattern on its weekly charts, signalling a potential relief rally toward the 80 mark in the near term, show tech charts.

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35m

INDIA BUSINESS | Mon, 9 Nov 2026, 1:20PM IST Nearly one in four Indian employees still eats lunch at their desk, while 44% take two or fewer breaks a week, according to a new study

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INDIA MARKET | Mon, 9 Nov 2026, 1:19PM IST Notably, the Ranbir Kapoor-Sai Pallavi starrer 'Ramayana: Part One', which was released on November 5, today entered the 500 club, according to data provided by Sacnilk.

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37m

INDIA BUSINESS | Mon, 9 Nov 2026, 1:13PM IST The highest interest rates are available on deposits with a tenure of 30 months and one day to 36 months, with regular customers earning 7.40% p.a. and eligible senior citizens earning 7.90% p.a.

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INDIA MARKET | Mon, 9 Nov 2026, 1:11PM IST Delhi And Mumbai Face Severe Air Pollution Post Diwali Celebrations

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INDIA MARKET | Mon, 9 Nov 2026, 1:10PM IST Nvidia said its board was probing whether CEO Jensen Huang had been the target of a foreign intelligence effort, after a media report alleged he had a close relationship with a Chinese businesswoman

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46m

INDIA MARKET | Mon, 9 Nov 2026, 1:09PM IST Rajinikanth, MK Stalin spotted heading to Anirudh-Kavya's Greece wedding.

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INDIA MARKET | Mon, 9 Nov 2026, 1:03PM IST Indian government bonds exhibited limited movement today as oil prices showed signs of stabilization. Investors are remaining cautious, especially with inflation data from both the United States and India on the horizon. Scheduled for later today is a bond auction totaling 290.5 billion rupees. Analysts predict yields on the 10-year bond could oscillate between 7.30% and 7.10%, with particular attention on India's October inflation report due for release this Thursday.

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53m

INDIA MARKET | Mon, 9 Nov 2026, 1:01PM IST Easy access to credit can encourage young earners to spend beyond their means.

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55m

INDIA MARKET | Mon, 9 Nov 2026, 1:00PM IST Nvidia shares dropped over 4% after CEO Jensen Huang acknowledged an affair with Alice Huang. Jensen Huang's relationship with Alice, a Chinese national, raised security concerns following intelligence reports. Nvidia has initiated an investigation into these allegations, although the board believes no secrets were compromised. Analysts suggest the company's upcoming earnings report will be crucial for market sentiment. Concerns linger over Huang's position if further evidence of wrongdoing emerges.

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INDIA MARKET | Mon, 9 Nov 2026, 12:58PM IST Mohit sang Mujhe Tumse Mohabbat Hai from the 193 film Bachpan.

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INDIA MARKET | Mon, 9 Nov 2026, 12:52PM IST The replacement part is not expected from Germany until the last week of December.

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1h

INDIA MARKET | Mon, 9 Nov 2026, 12:51PM IST Sensex Today | Stock Market LIVE Updates Monday: In the broader markets, the Nifty MidCap 100 and the Nifty SmallCap 100 fell 0.4 per cent or 0.64 per cent, respectively

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1h

INDIA NEWS | Mon, 9 Nov 2026, 12:47PM IST India's exports of oilmeals, mainly used as animal feed, fell 28.51 per cent in the April-August period of the current fiscal year to 12.82 lakh tonne, as a slump in soybean meal sales weighed on shipments, an industry body said on Monday. Exports were 17.93 lakh tonnes in the same period a year earlier, the Solvent Extractors' Association of India (SEA) said. Total oilmeal exports in the 2025-26 fiscal year stood at 37.68 lakh tonnes. Soybean meal exports plunged 73 per cent to 2,05,000 tonnes from 7,57,000 tonnes a year earlier. "Indian soybean meal has faced severe pricing pressure in international markets during August 2026, trading around USD 622 per tonne compared to global benchmarks near USD 445 per tonne," the SEA said in a statement. Cheaper supplies from South American producers such as Argentina and Brazil continue to capture major market share, it added. Strong domestic demand from livestock and poultry feed makers, along with continued Red Sea shipping disruptions an

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1h

INDIA MUTUAL FUNDS | Mon, 9 Nov 2026, 12:43PM IST Quant Small Cap Fund made several portfolio changes in October, adding five stocks, increasing exposure to six and exiting five others. The fund also raised its telecom allocation while trimming exposure to healthcare, financial services and oil and gas.

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1h

INDIA MARKET | Mon, 9 Nov 2026, 12:37PM IST Broader markets also fell, as the Nifty Smallcap 100 and the Nifty Midcap 100 indices traded 0.1% lower each.

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1h

INDIA BUSINESS | Mon, 9 Nov 2026, 12:26PM IST The newly introduced Vande Bharat Sleeper trains are expected to make long-distance overnight journeys more comfortable, but passengers should be aware of a few important booking rules before planning their trips. Indian Railways has kept some features of the regular reservation system out of these premium services. Tatkal bookings will not be permitted, ticket prices will not follow a dynamic fare system, and passengers will be able to book only confirmed berths. Here is a look at the reservation rules, coach configuration and berth availability on Vande Bharat Sleeper trains.

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1h

INDIA MARKET | Mon, 9 Nov 2026, 12:23PM IST Gold and silver futures rally on MCX, rising 1.3% and 2.3%, respectively.

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1h

INDIA MARKET | Mon, 9 Nov 2026, 12:23PM IST Divi's Labs, Laurus Labs, Sai Life Sciences and Glenmark Pharma quoted at their respective record highs in Monday's trade.

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1h

INDIA MARKET | Mon, 9 Nov 2026, 12:18PM IST The cash was taken out and swapped for foreign currency through RBI-licensed dealers.

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1h

INDIA MARKET | Mon, 9 Nov 2026, 12:13PM IST Nvidia CEO Jensen Huang faces scrutiny after the company launched an independent probe into allegations that he was targeted by a foreign intelligence operation. The controversy has raised concerns over leadership, corporate governance, China-related business and investor confidence.

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1h

INDIA MARKET | Mon, 9 Nov 2026, 12:10PM IST Gold crossed $4,100 per ounce in the international market. However, expectations that the US Federal Reserve could maintain a tight monetary policy stance capped some of the gains

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1h

INDIA MARKET | Mon, 9 Nov 2026, 12:09PM IST Nuvama Wealth Management Ltd achieved a consolidated net profit of Rs 303.5 crore for Q2 FY27. The company saw a revenue increase of 20.35% to Rs 1,366 crore for the same quarter. Client assets reached Rs 5.5 lakh crore, reflecting a 25% year-on-year growth. Wealth management, asset services, and capital markets drove this substantial growth. The company demonstrated strong operating profits with a return on equity remaining robust at 29%.

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1h

INDIA MARKET | Mon, 9 Nov 2026, 12:08PM IST Citi said the Q2 earnings build on the positive momentum generated in the Q1, despite elevated commodity prices.

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1h

INDIA MARKET | Mon, 9 Nov 2026, 12:06PM IST Nvidia CEO Jensen Huang Admits Infidelity Amid Security Probe

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1h

INDIA MARKET | Mon, 9 Nov 2026, 12:06PM IST Ramayana has set a new worldwide IMAX record for Indian cinema.

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1h

INDIA MARKET | Mon, 9 Nov 2026, 11:44AM IST Global markets face a volatile week as investors assess the AI-led technology selloff, US inflation data, oil prices and geopolitical risks. Chinas economic releases, European growth indicators and the COP31 climate summit will also shape sentiment.

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2h

INDIA MARKET | Mon, 9 Nov 2026, 11:43AM IST Sensex Today | Stock Market LIVE Updates Monday: In the broader markets, the Nifty MidCap 100 and the Nifty SmallCap 100 fell 0.4 per cent or 0.64 per cent, respectively

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2h

INDIA BUSINESS | Mon, 9 Nov 2026, 11:40AM IST L&T said the project involves the partial design and construction of a 15.1-km elevated viaduct across two stretches, from Botanical Garden to Noida Sector-142 and from Depot Station to Boraki

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2h

INDIA NEWS | Mon, 9 Nov 2026, 11:39AM IST Nvidia CEO Jensen Huang acknowledged having an extramarital relationship with a business executive suspected by US intelligence of gathering information for Beijing, as the chipmaker's board launched an independent investigation into reports that its founder was targeted by a foreign intelligence operation. While Huang has apologised to his family and company employees saying he was unfaithful to his wife, Nvidia said it has no reason to believe that US national security or the company's secrets were compromised.US President Donald Trump has defended Huang, describing him as an "honourable guy" who has done an "amazing job" for the country. Trump also expects Huang to remain at the helm of Nvidia, adding that the executive deserved to have his side of the story heard.Also read: Nvidia CEO Jensen Huang's secret affair: Why did US intelligence suspect Alice Huang of spying for China?The controversy follows reports by The New York Times and the Financial Times that US intelligence agencies had identified a close relationship between the Nvidia leader and Alice Huang, a Chinese businesswoman associated with Singapore-based data centre company Megaspeed. US intelligence officials reportedly believe she was gathering information for Beijing.Nvidia CEO Jensen Huang issues key statementIn a draft email to Nvidia employees, Huang acknowledged having an extramarital relationship, "I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did.In a separate message reported by The New York Times, he apologised to his family and company employees, taking responsibility for his actions. "I take full responsibility for what I did and the hurt I caused, and I accept the criticism that comes with it," he wrote.Addressing Nvidia employees, Huang also acknowledged that he had fallen short of his responsibilities towards them. My responsibility is to serve you and be worthy of your trust. I have fallen short of that responsibility. I am fully committed to Nvidia and will work to earn back your confidence," he said.He also requested privacy for his family, saying they bore no responsibility for his choices.Huang has not directly addressed the allegations that the business executive, aka, the Chinese spy was gathering information for the country. He has, however, supported Nvidia's investigation and committed to cooperate with it.Also read: Nvidia opens probe into CEO Jensen Huang over affair with woman suspected of spying for ChinaNvidia announces independent investigationNvidia's board of directors announced an independent investigation following reports that Huang had been the target of a foreign intelligence effort. The investigation will be overseen by a committee of independent directors, assisted by external independent legal counsel.In its statement, Nvidia said, "While the Board has no reason to believe that either national security or NVIDIA secrets were compromised, the Board's inquiry will examine all available information." The company added that the board prioritised US national and economic security, which it said was paramount to Nvidia and its shareholders.The board also expressed confidence in Huang and his leadership team and said it would provide further updates as appropriate.Huang, 63, will continue as Nvidia CEO during the investigation, it clarified.Speaking on Huang meeting thousands of customer executives every year, the company previously said that it regularly receives updates from the US government regarding parties and entities of concern and acts accordingly.Trump defends Nvidia CEOTrump has publicly defended Huang amid the controversy, describing him as an honourable person and praising his contribution to the US."I have not spoken to him about it. I just know he's a fine person, but you never know what is going on," Trump told reporters. "I think he's an honourable guy," he said, adding that Huang had "done an amazing job for our country".When asked whether Huang should remain Nvidia's CEO, Trump replied: "I think so. Sure."Trump also suggested that Huang should be given an opportunity to explain himself. Asked whether he would take Huang on his planned trip to Asia, Trump said, "I don't know, but I'd certainly take him."The remarks came amid reports that Trump had been briefed on intelligence findings concerning Huang's relationship with the Chinese businesswoman roughly a year ago but had chosen not to act on the information, according to The New York Times.The Financial Times separately reported that a US government memo based on intelligence information about the alleged relationship had been shared with a small group of senior US officials shortly before Trump travelled to Beijing for a summit with Chinese President Xi Jinping.The FT also reported that Trump had held multiple meetings with Huang since beginning his second presidential term in 2025. Huang had personally lobbied Trump earlier this year to allow Nvidia to export its H200 chips to customers in China.Who is Alice Huang, the Chinese spy?Alice Huang, also known as Huang Le, is a Chinese national and former senior executive at Megaspeed, a Singapore-based data centre company.According to The New York Times, Alice Huang was previously a television reporter in China before becoming a senior executive at Megaspeed. The company buys equipment powered by Nvidia chips and rents computing capacity to businesses, including Chinese technology company Alibaba.US intelligence agencies reportedly concluded that Alice Huang had developed a close relationship with Jensen Huang and was passing information directly to Beijing.The Financial Times reported that the US intelligence community believed she had been recruited by China's Ministry of State Security, the country's main intelligence agency.Jensen Huang had previously described their association as a normal business relationship.Megaspeed and its connection to the Nvidia caseMegaspeed has come under US scrutiny over concerns that Nvidia's advanced AI chips may have been diverted to China.The New York Times reported that Megaspeed had been examined for potentially steering Nvidia AI chips to China. According to the publication, the firm bought more than $4.8 billion worth of Nvidia chips over the past two years.The Financial Times reported that Megaspeed was spun off from a Chinese gaming company in 2023. US authorities have been investigating companies, particularly in Southeast Asia, suspected of helping China obtain advanced chips in violation of US export restrictions.Nvidia had previously launched an internal investigation into allegations concerning the diversion of chips through Megaspeed but assessed that there was no evidence of wrongdoing, according to the Financial Times.US lawmakers step up actionSenior Republican lawmakers in the US House of Representatives earlier asked Huang to brief Congress about the allegations and Nvidia's security protocols.In a letter dated November 4, Brian Mast, chairman of the House Foreign Affairs Committee; John Moolenaar, who leads the China Select Committee; and Eric Crawford, chairman of the Intelligence Committee, sought a closed-door briefing from Huang on November 18.The lawmakers sought answers about the New York Times report and Nvidia's security protocols against foreign adversary espionage. The letter said the allegations raised significant national security concerns regarding China's access to sensitive US technology and information.The lawmakers added that Congress needed to determine the extent to which US national security had been placed at risk.Meanwhile, Chris Coons, a Delaware Democrat who is due to chair the Senate Foreign Relations Committee from January, pledged to open an investigation."Congress will investigate and get answers," Coons wrote on X, referring to what he described as the relationship between the Trump administration, Chinese spies and AI billionaires.Political and corporate reactions to Jensen Huang affairUS Secretary of State Marco Rubio declined to comment on the allegations when asked about the report, describing it as an "internal corporate matter", according to AFP.Technology analyst Dan Ives of investment bank Yorkville Ives described the investigation as a "black eye moment" for Huang. Ives said the controversy could trigger multiple congressional inquiries and create an overhang on Nvidia's stock.He also warned that the development could increase scrutiny of the company's chip sales to China, which remains a key issue in Washington.Huang's position at Nvidia could also come under scrutiny depending on the outcome of the board's investigation, Ives said, adding that the CEO's importance to the company's global strategy made the controversy a risk for the stock.Separately, Elon Musk responded to a social media post about the controversy. The post suggested that while Huang had done something incredibly foolish, there might have been no malicious intention. Musk replied, "I agree."Nvidia stock downNvidia shares came under pressure in out-of-hours trading following the announcement of the board investigation.Perpetual futures trading on the Hyperliquid exchange and after-hours shares trading on the Blue Ocean system showed Nvidia shares at around $180.30 on Monday, down approximately 3.4% from Friday's Nasdaq closing price of $186.64.The development has raised concerns about the potential impact of the controversy on investor sentiment, particularly given Huang's importance to Nvidia's business and its global AI strategy.South Korean govt intervenes in Nvidia CEO caseSouth Korea stated that Nvidia's contracted GPU deliveries to the country are expected to proceed without disruption despite the controversy surrounding Huang.Vice Science Minister Ryu Jemyung told a parliamentary budget committee on Monday that 10,000 GPUs funded under a 2025 supplementary budget had already arrived and were in use. GPUs planned for 2026 were under contract and expected to enter service this year."We expect production and the delivery schedule for contracted volumes to proceed without disruption," Ryu said, adding that the ministry was monitoring developments and discussing prices and schedules with Nvidia Korea.Meanwhile, a planned visit to South Korea by Huang's daughter Madison Huang, an Nvidia senior director, was cancelled.South Korean AI startup Rebellions said her planned visit to its headquarters and a dinner with partners had been called off due to unavoidable internal circumstances at Nvidia.Kakao Mobility also cancelled a photo session and question-and-answer event with her. However, the company said its business agreement with Nvidia would proceed, with senior director Gaurav Agarwal attending instead.Nvidia AI Day Seoul, a two-day event expected to attract around 2,000 participants to discuss physical AI, agentic AI and infrastructure, was proceeding as planned, according to South Korean media.The investigation's findings, the response from US lawmakers and any further developments concerning Megaspeed's business dealings with China will be key to determining the wider implications for Nvidia.

Continue reading at Economic Times

2h

INDIA NEWS | Mon, 9 Nov 2026, 11:39AM IST Nvidia CEO Jensen Huang acknowledged having an extramarital relationship with a business executive suspected by US intelligence of gathering information for Beijing, as the chipmaker's board launched an independent investigation into reports that its founder was targeted by a foreign intelligence operation. While Huang has apologised to his family and company employees saying he was unfaithful to his wife, Nvidia said it has no reason to believe that US national security or the company's secrets were compromised.US President Donald Trump has defended Huang, describing him as an "honourable guy" who has done an "amazing job" for the country. Trump also expects Huang to remain at the helm of Nvidia, adding that the executive deserved to have his side of the story heard.Also read: Nvidia CEO Jensen Huang's secret affair: Why did US intelligence suspect Alice Huang of spying for China?The controversy follows reports by The New York Times and the Financial Times that US intelligence agencies had identified a close relationship between the Nvidia leader and Alice Huang, a Chinese businesswoman associated with Singapore-based data centre company Megaspeed. US intelligence officials reportedly believe she was gathering information for Beijing.Nvidia CEO Jensen Huang issues key statementIn a draft email to Nvidia employees, Huang acknowledged having an extramarital relationship, "I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did.In a separate message reported by The New York Times, he apologised to his family and company employees, taking responsibility for his actions. "I take full responsibility for what I did and the hurt I caused, and I accept the criticism that comes with it," he wrote.Addressing Nvidia employees, Huang also acknowledged that he had fallen short of his responsibilities towards them. My responsibility is to serve you and be worthy of your trust. I have fallen short of that responsibility. I am fully committed to Nvidia and will work to earn back your confidence," he said.He also requested privacy for his family, saying they bore no responsibility for his choices.Huang has not directly addressed the allegations that the business executive, aka, the Chinese spy was gathering information for the country. He has, however, supported Nvidia's investigation and committed to cooperate with it.Also read: Nvidia opens probe into CEO Jensen Huang over affair with woman suspected of spying for ChinaNvidia announces independent investigationNvidia's board of directors announced an independent investigation following reports that Huang had been the target of a foreign intelligence effort. The investigation will be overseen by a committee of independent directors, assisted by external independent legal counsel.In its statement, Nvidia said, "While the Board has no reason to believe that either national security or NVIDIA secrets were compromised, the Board's inquiry will examine all available information." The company added that the board prioritised US national and economic security, which it said was paramount to Nvidia and its shareholders.The board also expressed confidence in Huang and his leadership team and said it would provide further updates as appropriate.Huang, 63, will continue as Nvidia CEO during the investigation, it clarified.Speaking on Huang meeting thousands of customer executives every year, the company previously said that it regularly receives updates from the US government regarding parties and entities of concern and acts accordingly.Also read: China dismisses 'Chinese spy' narrative in Nvidia CEO Jensen Huang probeTrump defends Nvidia CEOTrump has publicly defended Huang amid the controversy, describing him as an honourable person and praising his contribution to the US."I have not spoken to him about it. I just know he's a fine person, but you never know what is going on," Trump told reporters. "I think he's an honourable guy," he said, adding that Huang had "done an amazing job for our country".When asked whether Huang should remain Nvidia's CEO, Trump replied: "I think so. Sure."Trump also suggested that Huang should be given an opportunity to explain himself. Asked whether he would take Huang on his planned trip to Asia, Trump said, "I don't know, but I'd certainly take him."The remarks came amid reports that Trump had been briefed on intelligence findings concerning Huang's relationship with the Chinese businesswoman roughly a year ago but had chosen not to act on the information, according to The New York Times.The Financial Times separately reported that a US government memo based on intelligence information about the alleged relationship had been shared with a small group of senior US officials shortly before Trump travelled to Beijing for a summit with Chinese President Xi Jinping.The FT also reported that Trump had held multiple meetings with Huang since beginning his second presidential term in 2025. Huang had personally lobbied Trump earlier this year to allow Nvidia to export its H200 chips to customers in China.Who is Alice Huang, the Chinese spy?Alice Huang, also known as Huang Le, is a Chinese national and former senior executive at Megaspeed, a Singapore-based data centre company.According to The New York Times, Alice Huang was previously a television reporter in China before becoming a senior executive at Megaspeed. The company buys equipment powered by Nvidia chips and rents computing capacity to businesses, including Chinese technology company Alibaba.US intelligence agencies reportedly concluded that Alice Huang had developed a close relationship with Jensen Huang and was passing information directly to Beijing.The Financial Times reported that the US intelligence community believed she had been recruited by China's Ministry of State Security, the country's main intelligence agency.Jensen Huang had previously described their association as a normal business relationship.China rejects spy narrative as 'unsubstantiated'China dismissed reported allegations linking Nvidia CEO Jensen Huang to a Chinese intelligence operation, calling the claims "unsubstantiated".Chinese foreign ministry spokesperson Guo Jiakun said that the "so-called Chinese spy narrative" is unsubstantiated.Megaspeed and its connection to the Nvidia caseMegaspeed has come under US scrutiny over concerns that Nvidia's advanced AI chips may have been diverted to China.The New York Times reported that Megaspeed had been examined for potentially steering Nvidia AI chips to China. According to the publication, the firm bought more than $4.8 billion worth of Nvidia chips over the past two years.The Financial Times reported that Megaspeed was spun off from a Chinese gaming company in 2023. US authorities have been investigating companies, particularly in Southeast Asia, suspected of helping China obtain advanced chips in violation of US export restrictions.Nvidia had previously launched an internal investigation into allegations concerning the diversion of chips through Megaspeed but assessed that there was no evidence of wrongdoing, according to the Financial Times.US lawmakers step up actionSenior Republican lawmakers in the US House of Representatives earlier asked Huang to brief Congress about the allegations and Nvidia's security protocols.In a letter dated November 4, Brian Mast, chairman of the House Foreign Affairs Committee; John Moolenaar, who leads the China Select Committee; and Eric Crawford, chairman of the Intelligence Committee, sought a closed-door briefing from Huang on November 18.The lawmakers sought answers about the New York Times report and Nvidia's security protocols against foreign adversary espionage. The letter said the allegations raised significant national security concerns regarding China's access to sensitive US technology and information.The lawmakers added that Congress needed to determine the extent to which US national security had been placed at risk.Meanwhile, Chris Coons, a Delaware Democrat who is due to chair the Senate Foreign Relations Committee from January, pledged to open an investigation."Congress will investigate and get answers," Coons wrote on X, referring to what he described as the relationship between the Trump administration, Chinese spies and AI billionaires.Political and corporate reactions to Jensen Huang affairUS Secretary of State Marco Rubio declined to comment on the allegations when asked about the report, describing it as an "internal corporate matter", according to AFP.Technology analyst Dan Ives of investment bank Yorkville Ives described the investigation as a "black eye moment" for Huang. Ives said the controversy could trigger multiple congressional inquiries and create an overhang on Nvidia's stock.He also warned that the development could increase scrutiny of the company's chip sales to China, which remains a key issue in Washington.Huang's position at Nvidia could also come under scrutiny depending on the outcome of the board's investigation, Ives said, adding that the CEO's importance to the company's global strategy made the controversy a risk for the stock.Separately, Elon Musk responded to a social media post about the controversy. The post suggested that while Huang had done something incredibly foolish, there might have been no malicious intention. Musk replied, "I agree."Nvidia stock downNvidia shares came under pressure in out-of-hours trading following the announcement of the board investigation.Perpetual futures trading on the Hyperliquid exchange and after-hours shares trading on the Blue Ocean system showed Nvidia shares at around $180.30 on Monday, down approximately 3.4% from Friday's Nasdaq closing price of $186.64.The development has raised concerns about the potential impact of the controversy on investor sentiment, particularly given Huang's importance to Nvidia's business and its global AI strategy.South Korean govt intervenes in Nvidia CEO caseSouth Korea stated that Nvidia's contracted GPU deliveries to the country are expected to proceed without disruption despite the controversy surrounding Huang.Vice Science Minister Ryu Jemyung told a parliamentary budget committee on Monday that 10,000 GPUs funded under a 2025 supplementary budget had already arrived and were in use. GPUs planned for 2026 were under contract and expected to enter service this year."We expect production and the delivery schedule for contracted volumes to proceed without disruption," Ryu said, adding that the ministry was monitoring developments and discussing prices and schedules with Nvidia Korea.Meanwhile, a planned visit to South Korea by Huang's daughter Madison Huang, an Nvidia senior director, was cancelled.South Korean AI startup Rebellions said her planned visit to its headquarters and a dinner with partners had been called off due to unavoidable internal circumstances at Nvidia.Kakao Mobility also cancelled a photo session and question-and-answer event with her. However, the company said its business agreement with Nvidia would proceed, with senior director Gaurav Agarwal attending instead.Nvidia AI Day Seoul, a two-day event expected to attract around 2,000 participants to discuss physical AI, agentic AI and infrastructure, was proceeding as planned, according to South Korean media.The investigation's findings, the response from US lawmakers and any further developments concerning Megaspeed's business dealings with China will be key to determining the wider implications for Nvidia.

Continue reading at Economic Times

2h

INDIA MARKET | Mon, 9 Nov 2026, 11:38AM IST Sai Life Sciences' consolidated net profit increased by 17 per cent Y-o-Y to 98 crore in the September quarter of FY27. Its revenue grew by 23 per cent Y-o-Y to 659 crore.

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2h

INDIA MARKET | Mon, 9 Nov 2026, 11:26AM IST Dixon's operating cash flow turned negative as inventory and receivables absorbed nearly Rs 9,100 crore in H1FY27, even as revenue rose 35% and expansion plans gathered pace.

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2h

INDIA MARKET | Mon, 9 Nov 2026, 11:24AM IST MOFSL said it remains positive on Jubilant Food's medium-term outlook, supported by 5-7 per cent LFL growth potential, strong Popeyes momentum, and healthy international performance.

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2h

INDIA MARKET | Mon, 9 Nov 2026, 11:23AM IST The impact can extend to major financial goals.

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INDIA MARKET | Mon, 9 Nov 2026, 11:23AM IST Goyal has said Temple is a fitness and AI product and that the company has made no medical claims.

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