Author: Sreelatha M

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Corporate

Deloitte report in Canada faces AI citation controversy

Deloitte, the global consulting firm, is under scrutiny after a $1.6 million healthcare report it prepared for the Newfoundland and Labrador government was found to contain questionable references.

The 526-page Health Human Resources Plan, released in May 2025, was meant to guide government policy on healthcare staffing, virtual care, retention, and the pandemic’s impact on workers.

Investigations revealed multiple citations that appear to be fabricated, including references to academic papers that don’t exist. Some real researchers were incorrectly credited, and in some cases, fictitious co-authors were listed. One researcher, Gail Tomblin Murphy, called the mention of her work “false” and possibly AI-generated.

The provincial Department of Health has asked Deloitte to review and confirm all citations. Deloitte responded that while some citation corrections are needed, the overall recommendations and conclusions remain valid.

This is not the first time Deloitte has faced such issues. Earlier reports for other governments were also found to have fabricated references, raising concerns about relying on AI for research without proper human checks.

Also Read: Ravelcare SME IPO ₹24 crore, shares ₹123–₹130

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Beyond

Gold dips ₹450, silver down ₹700 ahead of Fed jitters

Gold prices eased on Thursday as traders booked profits following a steady rise over the past few sessions. On the Multi Commodity Exchange (MCX), December gold futures slipped around 0.36% to nearly ₹1,25,480 per 10 grams in early trade. Silver prices also softened, with futures hovering close to ₹1,60,950 per kg. The dip is largely seen as a temporary correction rather than a shift in trend.

The focus of global markets now shifts to the U.S. Federal Reserve, which is set to review its interest-rate policy next week. Investors are anticipating signals on whether the Fed will begin cutting rates in the coming months. Recent U.S. economic data, including slower retail sales and cooling inflation, has strengthened expectations of monetary easing, an outcome generally positive for gold.

A weaker U.S. dollar this week has also lent support to bullion, as a softer dollar makes gold more attractive for international buyers. However, analysts caution that the metal may continue to face short-term volatility depending on how the dollar and U.S. Treasury yields move ahead of the policy announcement.

In the domestic market, experts believe gold will trade within a narrow band. Key support levels lie around ₹1,24,350–₹1,23,580 per 10 grams, while resistance is expected near ₹1,25,850–₹1,26,500. Globally, support is estimated around $4,100 per ounce.

Traders see Thursday’s decline as a healthy pullback after recent gains, with the broader outlook remaining cautious but stable. The Fed’s commentary will be the next major trigger that could shape gold’s direction in the short term.

Also Read: Sensex tops 86,000, Nifty crosses 26,300

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1 Minute-Read

Ahmedabad to host 2030 Commonwealth Games

Ahmedabad will proudly host the 2030 Commonwealth Games, marking a historic moment for India.

The decision, confirmed by the Commonwealth Sports General Assembly in Glasgow, recognises the city’s world-class infrastructure and readiness to deliver a global sporting spectacle.

Central to the bid is the Sardar Vallabhbhai Patel Sports Enclave, anchored by the iconic Narendra Modi Stadium, featuring modern arenas, aquatics facilities, and an athletes’ village.

Known for its rich heritage, vibrant markets, and culinary delights, Ahmedabad is ready to welcome the world, combining top-class sports venues with India’s culture, hospitality, and national pride.

 

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Beyond

Oil prices fall 1.5% as Ukraine backs peace deal

Oil prices slipped on Tuesday after Ukraine indicated it might support a US-backed framework for a peace deal with Russia. The move raised the possibility that Western sanctions on Russian energy could be relaxed, potentially allowing more Russian crude to enter global markets. This expectation put downward pressure on oil prices.

Brent crude, the global benchmark, fell about 1.4% to US$62.48 a barrel, while West Texas Intermediate (WTI) crude, the US benchmark, dropped 1.5% to US$57.95. These levels were the lowest since October 22, reflecting investor caution amid the news.

Analysts say that if sanctions on Russian energy are lifted, the global oil market could see a supply glut, which tends to lower prices. While the news of possible Ukrainian support for a peace deal sparked a drop, market participants remain cautious. Ukraine and Russia still have key differences to resolve, and uncertainty about the final terms of any agreement is keeping some investors wary.

In addition to supply concerns, oil traders are monitoring global demand signals. Economic factors, such as possible interest rate cuts by central banks, could affect consumption and offset some of the downward pressure from increased supply.

Overall, the oil market is balancing between optimism about a potential end to the war and the realities of ongoing geopolitical tensions. Investors are carefully watching developments in peace negotiations, changes in sanctions, and global economic indicators to gauge where prices might head in the coming weeks.

Also Read: Alphabet nears $4 trillion market on AI gains

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1 Minute-Read

Vedanta arm files for $1billion US IPO, shares jump

Vedanta Resources’ subsidiary, CopperTech Metals Inc., has filed confidential draft papers with the US Securities and Exchange Commission for a potential IPO in the US.

Following the news, Vedanta’s shares rose over 2%. The proposed listing aims to raise funds to support the expansion of the Konkola copper mine, a project requiring more than USD 1 billion.

The IPO will move forward only after SEC approval and favorable market conditions. Investors are watching closely, as this move could strengthen Vedanta’s global presence in copper production and provide significant capital for its large-scale mining operations.

Categories
Corporate

Bharti Airtel shares fall 3% after promoter sells ₹7,200 cr stake

Shares of Bharti Airtel slipped nearly 3% on 26 November 2025 after a promoter sold a large portion of its stake. The stock touched an intra-day low of ₹2,100 on the BSE following the announcement of the block deal.

Indian Continent Investment Ltd. (ICIL), a promoter entity linked to the Sunil Mittal-led group, plans to sell approximately 34.3 million shares, roughly 0.56% of Airtel’s total equity. The shares are being offered at a floor price of ₹2,096.70 each, about 3% below the previous day’s closing price. The transaction is expected to raise around ₹7,200–7,400 crore.

After the sale, ICIL’s holding in Airtel will fall below 1%, and the remaining shares will be subject to a 90-day lock-up period, preventing further immediate sales. This move continues ICIL’s gradual reduction of its stake in Airtel over the past year through multiple block deals.

Large promoter sales like this often trigger short-term selling pressure, contributing to volatility in the stock. However, analysts note that Airtel’s core business fundamentals remain solid, supported by steady cash flows, rising Average Revenue Per User (ARPU), and manageable capital expenditure plans for FY26.

Investors are advised to view the dip as a short-term market reaction rather than a sign of trouble in the company’s operations, as Airtel continues to show strong revenue growth and subscriber additions.

Market analysts noted that while the stock experienced a temporary dip, Bharti Airtel’s long-term fundamentals remain strong. The company continues to perform well in revenue growth, subscriber additions, and digital services expansion, which could support investor confidence over time.

Also Read: Gallard Steel shares jump 49% on BSE‑SME debut

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Beyond

Trump’s “Gold Card” lets wealthy buy US residency

Donald Trump’s team is preparing a new “Gold Card” visa that could let wealthy foreigners secure US. permanent residency,  essentially a green card, by making a financial contribution to the U.S. government. The draft petition for the program is expected to be ready by December 18, 2025, giving prospective applicants a clear timeline to apply.

Under the plan, individuals must first pay a $15,000 non-refundable application fee. Once approved, they will need to make a $1 million gift to the US Treasury. Companies wishing to sponsor employees through the program would face higher costs, around $2 million per employee.

The Gold Card aims to provide a fast-track route to lawful permanent residency, possibly under existing visa categories such as EB‑1 or EB‑2. However, applicants will be subjected to rigorous checks, including verification of criminal records, tax filings, and the legal source of their funds. Those applying from outside the US would likely go through consular processing, while current residents may have options to adjust their status.

For the ultra-wealthy, a Platinum Card is also being considered. At $5 million, this version would allow holders to live in the US. for up to 270 days a year and enjoy favorable tax treatment on income earned abroad.

While supporters argue the program could inject billions into the US economy, critics say it essentially allows the super-rich to “buy” residency, favoring wealth over merit or traditional immigration paths. As the proposal moves through regulatory review, further details, including eligibility rules and application procedures, are expected to emerge.

The Gold Card is part of a broader push by Trump’s administration to attract high-net-worth individuals, while also generating revenue for the US Treasury and potentially stimulating economic growth.

Also Read: RBI may cut interest rates in December

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1 Minute-Read

ED freezes ₹520 crore in WinZO, Gameskraft Assets

The Enforcement Directorate (ED) has frozen over ₹520 crore in assets linked to real-money gaming companies WinZO and Gameskraft.

The move comes after a week-long investigation under the Prevention of Money Laundering Act (PMLA). Around ₹505 crore of WinZO’s assets, including bank balances, fixed deposits, bonds, and mutual funds, have been frozen. Gameskraft and its Poker arm Pocket52 had about ₹18.75 crore in eight bank accounts, which are also attached.

The probe followed complaints about cheating, blocked accounts, misuse of PAN cards, and impersonation. The ED continues to investigate the firms’ financial dealings.

Categories
Technology

Google AI can solve math in your handwriting

Google AI is taking homework help to a whole new level. A tech enthusiast from Pune, Siddhant Choudhary, recently demonstrated how Google’s Nano Banana Pro can solve a handwritten math problem  and reproduce the answer in his exact handwriting.

Choudhary snapped a photo of a math question from his notebook, fed it into the AI, and watched in amazement as the solution appeared, perfectly mimicking his penmanship. “By far the best AI I’ve tried,” he said, joking that “students are going to love this.”

The demo, however, has sparked a debate online. While many are excited about the AI’s capability, others worry about its implications for students. Could this make homework or exam cheating easier? With answers that look perfectly handwritten, teachers may struggle to tell human work from AI-generated work.

Nano Banana Pro is part of Google’s Gemini 3 AI family and uses advanced tools to read sketches, notes, or rough handwriting, and then convert them into polished visuals, or, in this case, neatly written answers. The feature demonstrated by Choudhary uses a Flow tool from Google’s Gemini Ultra plan.

Also Read: India’s GDP to grow 6.5% in FY26

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1 Minute-Read

Kwality Wall’s India appoints new board ahead of HUL split

Kwality Wall’s India has announced a new board as it prepares to separate from Hindustan Unilever (HUL) on December 1.

The board includes Chitrank Goel as Deputy Managing Director and Executive Director, and Prashant Premrajka as Chief Financial Officer. Four independent directors, Ravi Pisharody, Madhavan Hariharan, J.V. Raman, and Shukla Wassan, along with non-executive director Ritesh Tiwari, will provide oversight.

Hindustan Unilever says the new team, with experience in consumer goods, finance, and corporate strategy, will lead Kwality Wall’s India through its transition into a standalone, publicly listed company.