Author: Sreelatha M

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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.

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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

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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.

Also Read: Canada Opens Fast-Track for H-1B Holders

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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

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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

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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.

Also Read: Qatar Airways Sells Cathay Pacific Stake for $897 Million

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Corporate

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

Indian stock markets opened on a positive note on Thursday, supported by firm global trends. The Sensex gained over 300 points to trade near 83,750, while the Nifty 50 moved above 25,600 in early trade.

Buying in Asian Paints, Mahindra & Mahindra, Britannia Industries, and Sun Pharma lifted market sentiment. Asian Paints jumped nearly 4%, and M&M rose about 2%.

Among the top performers were Redington, CCL (India), Gujarat Pipavav, Shipping Corporation of India, and Asian Paints. Meanwhile, Delhivery, Hindalco Industries, Deepak Fertilisers, Asahi India Glass, and BEML were among the main losers.

Market analysts said investors remain cautious due to continued foreign fund outflows and mixed corporate earnings. They added that the next market trend will depend on upcoming Q2 results and global economic signals.

Also Read: RSWM, Adani Energy Team Up for Green Power

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Corporate

RSWM, Adani Energy Team Up for Green Power

RSWM Ltd, a leading Indian textile manufacturer and flagship company of LNJ Bhilwara Group, has signed an agreement with Adani Energy Solutions Ltd (AESL) to procure 60 MW of renewable energy for its manufacturing facilities in Rajasthan.

Under the deal, AESL will manage the full green power value chain, while RSWM has invested ₹60 crore under a Group Captive Scheme to secure 31.53 crore units of green electricity annually. With this addition, renewable energy will cover 70% of RSWM’s total energy requirement, up from the current 33%.

“This milestone reinforces RSWM’s long-term vision of sustainable growth and industry leadership in clean energy adoption,” said Riju Jhunjhunwala, Chairman and CEO. Rajeev Gupta, Joint MD, highlighted that integrating hybrid power will reduce carbon footprint and strengthen energy security.

Kandarp Patel, CEO of AESL, added that the partnership showcases how renewable energy supports industrial growth while driving sustainability. AESL aims to expand its Commercial & Industrial energy portfolio to 7,000 MW over the next five years.

RSWM continues to embed sustainability in all operations, including energy efficiency, circular material flows, water conservation, and recycling, positioning itself as a future-ready textile leader.

Also Read: India Nears Top Three Globally, FM Sitharaman

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Corporate

SEBI to Revamp Broker Rules by Dec. 2025

The Securities and Exchange Board of India (SEBI) is set to overhaul stock broker regulations that have been in place for over 30 years. The move aims to modernize rules, improve risk management, and strengthen data protection, including updated definitions for algorithmic and proprietary trading. SEBI Chairman Tuhin Kanta Pandey said the changes could be implemented by December 2025.

The decision follows a discussion paper issued in August and comes amid concerns about trading disruptions, such as a recent technical glitch at the Multi-Commodity Exchange (MCX). SEBI is analyzing the incident to prevent future problems and ensure market stability.

The regulator is also addressing investor concerns by allowing the transfer of physical securities bought before FY20. In addition, SEBI resolved a disclosure violation with brokerage Angel One, which will pay ₹34 lakh in settlement.

Pandey stressed that the reforms aim to make India’s markets more robust, transparent, and investor-friendly, keeping regulations in step with modern trading practices.

Also Read: Goyal in New Zealand for FTA Talks