Author: Sreelatha M

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Beyond

Gold at ₹1.22 lakh/10 g, Silver near ₹1.52 lakh/kg

Gold prices in India stayed firm on November 10, trading around ₹1,22,010 per 10 grams for 24-carat and ₹1,11,840 per 10 grams for 22-carat gold. In Delhi, 24-carat gold was priced slightly higher at ₹1,22,160 per 10 grams, while similar rates were seen in Mumbai, Kolkata, and other metros.

Silver followed a similar trend, hovering near ₹1.52 lakh per kilogram across most cities. In Chennai, prices were marginally higher at about ₹1.64 lakh per kilogram.

According to market reports, gold slipped by ₹10 per 10 grams and silver by ₹100 per kilogram in early trade, reflecting a minor correction after last week’s rally. Analysts said weak global data and expectations of rate cuts in the U.S. are helping the yellow metal hold firm as a safe-haven asset.

Meanwhile, the Securities and Exchange Board of India (SEBI) issued a fresh advisory cautioning investors about digital gold products. The regulator warned that these online offerings operate outside SEBI’s regulatory framework and could expose buyers to counterparty and operational risks.

Also Read: Sensex up 250 points, Nifty above 25,550 as markets rebound

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Technology

Musk Plans Tesla ‘Terafab’ Chip Plant

Tesla CEO Elon Musk has announced plans to build a massive factory to produce the company’s own artificial intelligence (AI) chips, as demand for computing power in self-driving cars and robotics continues to surge.

Speaking at Tesla’s annual shareholder meeting, Musk said the company may not be able to meet future chip requirements through its current suppliers, including Taiwan Semiconductor Manufacturing Company (TSMC) and Samsung. To fix that, Tesla is considering building what he called a “terafab”, a chip plant far larger than any existing “gigafactory.”

Musk said the proposed facility could handle at least 100,000 wafer starts per month, making it one of the world’s biggest semiconductor fabs. He added that Tesla is open to partnering with Intel for the project, saying it’s “worth having discussions” with the American chipmaker. No agreement has been finalised yet.

The move comes as Tesla develops its next-generation AI chip, known as “AI5,” expected to enter small-scale production in 2026 and mass production in 2027. A more advanced version, “AI6,” could follow in 2028 with double the performance. Musk claimed the new Tesla chip would consume one-third the power of NVIDIA’s flagship Blackwell chip and cost only 10% as much to make.

Industry experts have described Musk’s plan as bold but challenging, since building and running an advanced chip fab requires huge investment and expertise. Still, the idea has excited markets—Intel’s shares rose after Musk mentioned the potential tie-up.

At the same meeting, Tesla shareholders also approved Musk’s 10-year compensation plan, worth nearly $1 trillion, signalling continued investor confidence in the company’s long-term AI and robotics ambitions.

Also Read: India’s Top Philanthropists Give ₹10,380 Cr

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Leaders

India’s Top Philanthropists Give ₹10,380 Cr

India’s wealthiest are giving bigger donations than ever, with a clear focus on education and social impact. According to the EdelGive Hurun India Philanthropy List 2025, total contributions by the country’s top philanthropists rose to ₹10,380 crore in 2024–25, up 85% over three years.

Shiv Nadar, founder of HCL Technologies, tops the list, donating ₹2,708 crore this year, around ₹7.4 crore per day. Over the past five years, Nadar and his family have contributed more than ₹10,120 crore, mainly through the Shiv Nadar Foundation, which supports education and social development.

Mukesh Ambani and family are second, giving ₹626 crore, largely through the Reliance Foundation, for healthcare, rural development, and education. Gautam Adani donated ₹376 crore, followed by Nandan Nilekani with ₹304 crore. Other top donors include the Hinduja family (₹298 crore), Rohini Nilekani (₹204 crore), India’s leading woman philanthropist, Sudhir and Samir Mehta (₹189 crore), and Cyrus and Adar Poonawalla (₹173 crore).

The top 25 donors have contributed nearly ₹50,000 crore in the past three years, averaging about ₹46 crore per day. Education remains the largest focus, followed by skills development and community healthcare.

Experts say the rise in structured philanthropy shows that India’s wealthy are increasingly aiming for long-term social impact, rather than one-off charity. By using foundations and institutional channels, donations are becoming more transparent, measurable, and aligned with national development goals. Large-scale contributions like these could play a crucial role in strengthening India’s education, healthcare, and research systems.

Also Read: Infosys Sets Nov 14 Record Date for ₹18,000 Cr Buyback

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Corporate

Sensex Down 95 pts, Nifty Below 25,500, TechM, IndiGo Fall 2%

Indian equities recovered from sharp early losses on Friday but still closed lower, marking a third consecutive session of declines for the Sensex and Nifty amid profit-booking after October’s strong rally.

The S&P BSE Sensex fell 0.1% to 83,216.28, rebounding from an intraday drop of over 600 points, while the NSE Nifty 50 slipped 0.07% to 25,492.30 after falling nearly 0.7% earlier in the day.

Tech and telecom stocks led the losses, with Bharti Airtel down 4.5% following Singapore Telecommunications’ $1.2-billion stake sale. Tech Mahindra, Reliance Industries, Trent, and HCL Technologies also fell between 1% and 4.5%.

For the week, both indices lost 0.9%, with small-cap stocks sliding 1.7% while mid-caps remained largely flat. Public-sector banks outperformed, gaining 2.1%, led by State Bank of India after strong earnings and improved loan growth guidance.

Analysts said the decline was driven by profit-taking, foreign fund outflows, rupee weakness, global tech pressures, weak US job data, and cautious technical charts.

Also Read: Sensex down 550 pts, Nifty under 25,350, Airtel, HUL drag

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Corporate

Tesla Shareholders Approve $1Trillion Musk Pay Package

Tesla CEO Elon Musk is set to become the world’s first trillionaire after more than 75% of the company’s shareholders approved as much as $1 trillion in stock over the next decade.

Shareholders voted in favor of the proposal at Tesla, based in Austin, reaffirming their faith in Musk’s leadership and vision to transform the electric vehicle pioneer into a technology powerhouse focused on AI, robotics, and autonomous systems.

Under the approved plan, Musk will receive stock awards only if Tesla achieves a series of ambitious performance and market milestones over the next decade.

These include delivering 20 million electric vehicles, deploying 1 million self-driving robotaxis, selling 1 million humanoid robots, and generating $400 billion in core profit.

If all targets are achieved, Musk would gain roughly 12% of Tesla’s shares, worth about $878 billion after adjustments.

Shares of Tesla rose more than 3 percent in after-hours trading after the shareholder voted on Thursday.

Shareholders also backed Tesla’s potential investment in Musk’s AI startup, xAI, despite concerns over conflicts of interest. The partnership could enhance Tesla’s self-driving technology while providing xAI with a major commercial client.

Categories
Corporate

Sensex down 550 pts, Nifty under 25,350, Airtel, HUL drag

Indian markets opened lower on Friday, with the Sensex sliding over 550 points to around 82,824 and the Nifty falling below 25,350, marking a third consecutive session of losses.

Profit-booking and sustained foreign outflows weighed on sentiment, overshadowing positive cues from improving corporate earnings and progress in India–U.S. trade discussions.

Airtel and HUL were among the top laggards, while Asian Paints and Reliance Industries managed modest gains.

Broader markets also weakened, with the Nifty Midcap 100 down 0.9% and the Smallcap 100 falling 1.3%.

Also Read: M&M exits RBL Bank with 62.5% gain

Categories
Technology

Google Maps Gets Smarter with AI in India

Google Maps is introducing a series of AI-powered features in India, marking a significant upgrade to the popular navigation app. Leveraging Google’s Gemini AI, the update aims to make travel smarter, safer, and more personalized for users across the country.

One of the key additions is voice-powered assistance while driving. Users can now ask questions such as “Where is the nearest petrol pump?”, “Find parking nearby,” or “Take me to a good restaurant,” and receive instant guidance without needing to type. The app also provides quick tips about locations, including advice on markets, restaurants, and local attractions. For example, it can highlight popular stalls in a market or suggest bargaining tips.

Safety is another major focus. Google Maps will alert drivers about accident-prone zones, display speed limits, and notify users of major traffic disruptions even when they are not actively navigating. The app also integrates information from the National Highways Authority of India (NHAI), offering real-time updates on highway closures, ongoing repairs, and available amenities like fuel stations and restrooms.

India-specific features have also been added for two-wheeler users. Riders can now customize their navigation icon according to their bike or scooter style, while voice guidance supports nine Indian languages, helping users navigate complex roads and flyovers more easily. Additionally, integration with Google Wallet allows users in cities like Delhi, Bengaluru, Chennai, and Kochi to save metro tickets for easy access through Maps.

With these updates, Google Maps is positioning itself as a more intuitive, user-friendly, and safety-conscious navigation tool for Indian users. The rollout will begin gradually on Android and iOS devices in the coming weeks, offering a mix of AI-driven convenience and localized travel support.

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Categories
Corporate

Sensex Falls 148 pts, Nifty Below 25,550

Indian stock markets closed lower on Thursday, reversing early gains as investors took a pause after a strong rally in October.

The BSE Sensex fell 148 points, while the NSE Nifty50 slipped below 25,550. Among individual stocks, Powergrid declined nearly 3% and Eternal fell 2%.

Financial and metal stocks contributed most to the slide, while midcap and small-cap stocks faced steeper selling pressure. This marks the second consecutive session of losses for the broader market.

Analysts say the pullback reflects cautious investor sentiment after recent strong gains, suggesting markets may consolidate before resuming any upward trend.

Also Read: Sensex Up 300 Points, Nifty Over 25,600, Asian Paints, M&M Rise

Categories
Corporate

Groww IPO Day 2 Has Strong 4× Retail Subscription

Groww Software India Pvt Ltd’s ₹6,632 crore IPO, launched on 4 November, has seen robust demand, particularly from retail investors. The shares, priced at ₹95–₹100, are set to list on 12 November.

As of Day 2, overall subscriptions stood at 1.39 times, with retail investors leading at over 4×, non-institutional investors around 1.7–1.8×, and qualified institutional buyers at 0.15–0.18×.

The grey-market premium of ₹14.75 suggests a listing near ₹114.75, roughly 15% above the issue price.

Brokers cite Groww’s pan-India reach, in-house technology, strong revenue growth (~85% CAGR FY23–FY25), and reduced operating costs as key strengths.

Proceeds will fund cloud infrastructure, marketing, margin trading, NBFC expansion, and general growth. Analysts recommend “Subscribe” for listing gains, while noting risks from competition, regulation, and technology challenges.

Also Read: ₹1,060 Crore Groww IPO Gets 57% Day-1 Subscription

Categories
Corporate

Toyota Recalls 1 Million US Cars Over Camera Glitch

Toyota Motor Corporation has announced a recall of 1.02 million vehicles in the US due to a software defect that may cause the rear-view camera display to freeze or go blank, raising safety concerns.

The recall includes several Toyota and Lexus models built between 2022 and 2026, such as the Camry, Highlander, RAV4, Prius, RX, TX, NX, LX, GX, and LS. Some Subaru Solterra units equipped with Toyota’s Panoramic View Monitor system are also affected.

Toyota said the problem lies in the parking assist electronic control unit, which can fail to transmit the rear camera image when the car is in reverse, an issue that violates US safety regulations.

The automaker will notify owners by December and update the camera software at dealerships free of charge. No crashes or injuries have been reported so far.

This marks Toyota’s second major recall in recent months involving rear-camera malfunctions, following a similar action for nearly 394,000 vehicles in October. The company said it is working to enhance quality control and ensure compliance with federal safety standards.

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