Categories
Leaders

AI scientist LeCun leaves Meta for new startup

Yann LeCun, one of the world’s leading artificial intelligence researchers, has confirmed that he is leaving Meta to start his own AI company. LeCun, often called the “godfather of AI,” has spent 12 years at Meta, first as the founding director of FAIR (Facebook AI Research) and later as the company’s Chief AI Scientist.

 LeCun said that his new startup will focus on Advanced Machine Intelligence (AMI,  a type of AI designed to truly understand the world, remember information over long periods, reason through complex situations, and plan multi-step actions. Unlike most current AI systems, which excel at predicting text or generating content, LeCun wants machines that can think and learn in a more human-like, problem-solving way.

Although LeCun is leaving his full-time role at Meta, he emphasized that Meta will remain a partner in his new venture. Some of his company’s research may align with Meta’s commercial projects, while other work will remain purely experimental and exploratory.

LeCun has often criticized the current hype around large language models, saying they are powerful but limited. He believes real breakthroughs in AI will come from models that combine learning with reasoning and understanding.

LeCun thanked Meta executives, including Mark Zuckerberg, Andrew Bosworth, Chris Cox, and Mike Schroepfer, for their support and collaboration over the years.

His departure comes at a time when Meta is reorganizing its AI efforts under a new division called Superintelligence Labs, now led by Alexandr Wang.

Also Read: Made-in-india Wobble One smartphone launches at ₹22,000

Categories
Technology

Made-in-india Wobble One smartphone launches at ₹22,000

Indkal Technologies, a technology and innovation company based in Bengaluru has entered the mid-range smartphone market. It has launched its first device under the Wobble brand, the Wobble One, priced from ₹22,000. The company promises clean software, premium design, and reliable performance.

The Wobble One runs on the MediaTek Dimensity 7400 chipset built on a 4 nm process, ensuring smooth daily performance and better power efficiency. It comes with stock Android 15, offering a clean, bloat-free interface.

The phone features a 6.67-inch Full HD+ AMOLED display with a 120 Hz refresh rate, Dolby Vision support, and an in-display fingerprint sensor. Its aluminium-alloy frame and glass back give it a premium look and feel.

For photography, the Wobble One has a 50 MP primary camera with OIS, an 8 MP ultra-wide lens, and a 2 MP macro lens. A 50 MP front camera handles selfies and video calls. The company claims up to 47 hours of calling and 24 hours of video playback, though the exact battery size hasn’t been shared.

The phone comes in three colours like mythic white, eclipse black, and odyssey blue, with storage options up to 12 GB RAM and 256 GB internal storage. Other features include a USB-C port, dual-SIM support, and a 3.5 mm headphone jack.

The Wobble One will go on sale from December 12 on Amazon and select offline stores. Indkal has invested over ₹225 crore in R&D, manufacturing, and after-sales support, showing its long-term commitment to the Indian smartphone market.

Also Read: Adani sells 13% AWL stake to Wilmar for ₹4,646 crore

Categories
Corporate

Reliance up 2% on O2C rebound, new-energy push

Reliance Industries’ share price climbed nearly 2% on Thursday, hitting its highest level in about four months. Analysts say the rise is mainly because of improving conditions in its oil-to-chemicals (O2C) business and steady progress in its new-energy plans.

Brokerages expect the O2C segment, which includes refining and petrochemicals,  to perform better in the coming months. Global refining margins have improved, and Reliance’s ability to source different types of crude oil gives it an advantage. Analysts believe this will help boost the company’s earnings in the second half of the financial year.

At the same time, Reliance’s new-energy business is gaining attention. The company is setting up a large battery giga-factory in Jamnagar, expected to be operational early next year. This factory will support Reliance’s long-term push into green technologies such as energy storage, solar manufacturing and clean fuels.

Brokerages remain optimistic. UBS has kept its “buy” rating and a target price of around ₹1,820 per share, citing the likely recovery in the O2C business. Motilal Oswal has also maintained a “buy” rating and raised its valuation of the new-energy segment, expecting it to contribute significantly in the future.

Analysts estimate that earnings from the O2C business could rise from about ₹29,500 crore in the first half of FY26 to nearly ₹34,000 crore in the second half.

Also Read: NBCC sells 609 Greater Noida flats for ₹1,069 crore

Categories
Corporate

NBCC sells 609 Greater Noida flats for ₹1,069 crore

NBCC (India) Ltd, the government-owned construction and consultancy company, has sold 609 residential units in Greater Noida for approximately ₹1,069.43 crore through an e-auction. The flats are part of two projects namely, Aspire Leisure Valley (Package-2, Towers 1 & 2) and Aspire Centurian Park (Tower 10 and Iconic floors 36+).

These projects were originally stalled by the Amrapali Group and are now being completed under the Supreme Court-appointed agency ASPIRE, with NBCC taking the lead in reconstruction. Under the current arrangement, NBCC will earn 1% of the transaction value as a marketing fee. The bulk sale is seen as a key step in monetising the inventory while ensuring homebuyers eventually get their flats.

On the same day, NBCC’s stock went ex-dividend, with the record date fixed for November 19, for its second interim dividend of ₹0.21 per share for FY26.

In addition to the Greater Noida sale, NBCC has also won a major order worth ₹2,966.10 crore from the Nagpur Metropolitan Region Development Authority (NMRDA). The contract involves providing project management consultancy (PMC) for the “Naveen Nagpur – Phase 1” development.

The combination of a large inventory sale and a high-value order has drawn investor attention, leading to positive sentiment in the markets. Analysts view these developments as NBCC’s efforts to strengthen its financial position while continuing to deliver stalled housing projects and expand its portfolio of government infrastructure contracts.

Also Read: Fujiyama Power IPO lists 4% below issue price

Categories
Corporate

Fujiyama Power IPO lists 4% below issue price

Fujiyama Power Systems, a rooftop solar solutions company, made its market debut on November 20, 2025, with a subdued listing. Shares opened at ₹218.40 on the BSE and ₹220 on the NSE, approximately 4% below the IPO price of ₹228, signaling muted investor enthusiasm.

The company raised ₹828 crore through the initial public offering. This included ₹600 crore from new shares issued to raise fresh capital and ₹228 crore through an offer-for-sale by existing shareholders. The funds are planned for building a new manufacturing facility in Ratlam, Madhya Pradesh, repaying around ₹275 crore of debt, and supporting general corporate purposes.

The IPO saw strong participation from qualified institutional buyers (QIBs), which were oversubscribed by 5.2 times, reflecting healthy institutional interest. Non-institutional investors and retail participants were moderately active, with retail investors filling their quotas, while non-institutional subscription remained below expectations.

Ahead of the listing, the grey market premium was marginal at ₹0.50, indicating limited pre-listing excitement. Market experts note that while the initial listing was weak, Fujiyama’s robust distribution network, integrated solar product portfolio, including panels, inverters, and batteries, and manufacturing capabilities position it well for long-term growth in the expanding rooftop solar segment.

Also Read: $93 million US arms deal strengthens India’s defence

Categories
Beyond

$93 million US arms deal strengthens India’s defence

India is set to receive a $93 million military shipment from the United States, aimed at enhancing its defence capabilities and reinforcing strategic ties with Washington.

The package includes 100 Javelin anti-tank missiles, 25 launch units, and 216 Excalibur precision-guided artillery rounds, along with spare parts, operator training, fire control systems, and technical support for seamless integration into India’s armed forces.

The Javelin missiles are portable, fire-and-forget weapons designed to destroy armoured vehicles, making them highly effective in modern combat scenarios. The Excalibur rounds use GPS guidance to deliver precise long-range strikes, reducing collateral damage and improving operational accuracy.

According to US officials, the sale will enhance India’s ability to counter regional threats while maintaining the military balance in the region. The US Defense Security Cooperation Agency (DSCA) has formally notified Congress of the transaction.

The deal highlights the growing defence partnership between India and the US, supporting India’s ongoing military modernization. American defence companies Lockheed Martin and RTX Corporation will supply the weapons and associated equipment, ensuring that India can operate and maintain the systems efficiently.

The sale also includes comprehensive training and technical assistance, enabling Indian forces to maximize the operational impact of the new systems. Analysts say the weapons will significantly improve India’s artillery and anti-armour capabilities, strengthening its deterrence posture.

This part of a series of agreements between the two countries, following previous deals involving fighter jets, surveillance systems, and missile technologies. Observers note that these transactions reflect deepening strategic cooperation and a shared commitment to regional security, as India continues to modernize its armed forces and enhance its operational readiness.

Also Read: Adani’s new ad film turns airports into caring companions

Categories
Beyond

Gold ₹1,24,870, Silver ₹1,68,100 in early trade

Gold and silver prices in India rose slightly on Thursday. The price of 24-carat gold increased by ₹10 to ₹1,24,870 per 10 grams, while 22-carat gold rose to ₹1,14,460 per 10 grams.

Silver gained ₹100, trading at ₹1,68,100 per kilogram in Delhi, Kolkata, and Mumbai, with Chennai slightly higher at ₹1,76,100.

Globally, spot gold was up around 0.3% at US $4,092.98 per ounce and silver rose 0.4% to US $51.58 per ounce. Analysts said the gains are driven by anticipation of the upcoming US jobs report, which may influence the Federal Reserve’s interest-rate policy.

Also Read: Sensex gains 150+ points, Nifty tops 26,050

Categories
Corporate

Sensex gains 150+ points, Nifty tops 26,050

Indian stock markets rose on Thursday, with the Sensex climbing over 150 points and the Nifty crossing 26,050. Investors were encouraged by strong global cues and renewed foreign inflows.

Among the top gainers were Adani Ports, Tech Mahindra, and Infosys, each rising about 1% in early trade. On the other hand, Titan, HDFC Bank, and Bajaj Finance were among the losers, showing some selling pressure.

The Bank Nifty index also strengthened, crossing the 59,000 level as banking stocks drew investor interest. Meanwhile, gold prices dipped slightly due to a stronger dollar, and the rupee traded around ₹88.66 against the US dollar.

Overall, optimism in technology and domestic sectors helped Indian equities start the day on a positive note.

Also Read: Groww shares fall 10% post‑IPO rally

Categories
Corporate

Groww shares fall 10% post‑IPO rally

Groww’s parent company shares fell sharply on November 19, triggering a 10% lower circuit limit following a stellar post‑IPO rally. The stock had risen nearly 94% in just five trading sessions since its ₹100 listing, prompting early investors to book profits.

Analysts noted that while the company demonstrates strong revenue and profit growth, its elevated valuation has increased short‑term volatility risks. The upcoming quarterly results will be closely watched for indications of sustained business momentum.

Market experts suggest that investors exercise caution: early buyers may consider partial profit-taking, while new entrants should weigh the valuation against growth prospects.

Also Read: Adani secures Jaiprakash Associates with ₹13,500 crore offer

Categories
1 Minute-Read

Sony PS5 Black Friday sale offers up to ₹10,000 off

Sony India has launched its Black Friday sale, offering discounts of up to ₹10,000 on PlayStation 5 consoles, accessories, and games.

The PS5 Disc Edition is priced at ₹49,990 (down from ₹54,990), while the Digital Edition is ₹44,990 (from ₹49,990). The PS VR2 headset is available at ₹34,999 after a ₹10,000 discount.

The sale also includes DualSense controllers, Pulse Earbuds and Headsets, DualSense Edge controller, and popular games such as God of War Ragnarök at reduced prices. Offers are valid from 21 November to 4 December 2025 at major online retailers like Amazon and Flipkart, as well as offline stores including Croma, Reliance Digital, and Sony Centres.

Also Read: Morgan Stanley calls Eternal dip a buying opportunity