Author: Staff Writer

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Corporate

Sensex rises 513 pts, Nifty tops 26,050, IT stocks lead gains

Indian stocks closed higher on Wednesday, recovering from early losses as foreign inflows and a rebound in IT shares lifted sentiment. The Sensex gained 513 points, while the Nifty crossed 26,050.

Infosys and HCL Technologies led the rally, each rising around 4%, ahead of Infosys’ Rs 18,000 crore share buyback starting Thursday. Tata Consultancy Services, Hindustan Unilever, and Sun Pharma also contributed, climbing 1.5–3%.

The IT sector outperformed broadly, gaining 3%. Mid-cap stocks edged up 0.2%, while small-caps slipped 0.4%, showing a cautious tone in the wider market.

Also Read: Sensex gains 200 points, Nifty surpasses 25,950

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Corporate

Morgan Stanley calls Eternal dip a buying opportunity

Eternal Ltd, the parent of Zomato and Blinkit, has seen its shares slide this month, but Morgan Stanley believes the correction has opened a favourable entry point for investors.

The global brokerage has maintained its ‘overweight’ rating and raised its target price slightly to ₹427, saying Eternal now offers one of the strongest risk-reward profiles in India’s digital sector.

Investor worries have centred on rising losses at Blinkit and stretched valuations, but Morgan Stanley argues that the company’s aggressive expansion, especially new dark stores, will strengthen future profitability. It also sees limited downside, estimating the stock could bottom out near ₹280–285, supported by Eternal’s more than US$1 billion cash buffer.

The brokerage says the recent fall reflects short-term concerns, while the long-term growth story remains intact.

Also Read: Infosys opens ₹18,000 crore share buyback on Nov 20

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Beyond

Bitcoin drops below $90,000, rebounds fast

Bitcoin had a shaky night. For the first time since April, the world’s largest cryptocurrency slipped below the $90,000 mark, touching around $89,500. The sudden fall came as global markets turned nervous, with investors pulling back from risky assets.

But the slump didn’t last long. By late Tuesday morning, Bitcoin was already climbing again, trading close to $93,600. The quick recovery shows that despite growing uncertainty, buyers are still willing to step in when prices fall sharply.

This turbulence comes just weeks after Bitcoin nearly hit $125,000 in early October, powered by strong optimism and a pro-crypto mood in the US. That excitement has cooled as investors now question whether the US Federal Reserve will cut interest rates soon. Concerns about the global economy have added to the caution.

It wasn’t just Bitcoin that felt the heat. Shares of major crypto-linked companies like Coinbase and Robinhood also dropped sharply during the sell-off, reflecting the broader anxiety in the market.

Analysts say the sudden dip is a reminder that cryptocurrencies remain highly sensitive to big economic signals. If the negative sentiment continues, Bitcoin could test lower support levels. But if calm returns to global markets, the recent dip may simply be seen as a temporary pause in its larger rally.

For now, the message is clear: Bitcoin may be strong, but it’s not immune to the mood swings of global finance.

Also Read: ₹623 crore laundered via 27 crypto exchanges

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Corporate

Microsoft, Nvidia invest $15 billion in Anthropic

Tech giants Microsoft and Nvidia are joining forces to invest up to $15 billion in the AI startup Anthropic, the company behind the chatbot Claude. This move marks one of the biggest bets yet on the rapidly growing artificial intelligence sector.

As part of the deal, Anthropic has also committed to spend $30 billion on Microsoft’s Azure cloud services. The startup will tap into cutting-edge Nvidia hardware, using up to one gigawatt of computing power to run and expand its AI models.

The partnership goes beyond money. Microsoft, Nvidia, and Anthropic will work closely to design AI systems and infrastructure that make Anthropic’s models faster and more efficient. Microsoft CEO Satya Nadella said, “We will use Anthropic models, they will use our infrastructure, and we will go to market together.”

Even with this new partnership, Microsoft stresses that its collaboration with OpenAI, the company behind ChatGPT,remains crucial. Experts see this deal as part of a larger trend where cloud providers, chipmakers, and AI startups are increasingly interconnected, highlighting both the promise and the high stakes in AI development.

Also Read: Volkswagen cuts India EV budget, seeks local partner

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Corporate

Volkswagen cuts India EV budget, seeks local partner

Volkswagen is reducing its planned investment in electric vehicles (EVs) in India and is seeking a local partner to share the cost. The company has lowered its EV development budget from around $1 billion to about $700 million.

The move comes as VW’s presence in India remains small, the combined market share of Volkswagen and Skoda is just about 2%. Earlier talks with Mahindra & Mahindra for a partnership reportedly fell through last year. VW is now exploring other options, including Indian contract manufacturers such as JSW.

VW plans to launch its EV in India around 2028, in line with tighter emission norms starting 2027. In the meantime, it may import EVs, especially if an EU‑India trade deal makes this easier.

Despite the cutback, VW is committed to India, with Skoda’s affordable SUV, the Kushaq, performing well in the local market.

Also Read: Rajiv Jain’s GQG buys ₹5,094 cr stake in five Adani firms

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Technology

Cloudflare glitch hits ChatGPT, Twitter, and other major sites

Many popular websites and apps, including ChatGPT, Twitter, Spotify, Canva, and Perplexity, went down on Monday due to a technical problem at Cloudflare, a company that helps deliver internet content safely. Users trying to access these sites saw a message saying: “Please unblock challenges.cloudflare.com to proceed.”

The issue started early in the morning and was caused by a glitch in Cloudflare’s system that checks for unsafe traffic. Instead of blocking threats, the bug accidentally stopped normal users from entering websites. The outage affected people across the world, causing confusion and frustration.

Cloudflare confirmed it was a technical problem, not a hacking attack. The company quickly fixed the issue, and most websites were back online by the evening, though some users experienced brief interruptions.

Tech experts say this shows how much the internet depends on a few major companies. When one service goes down, it can impact many websites and millions of users at once.

Cloudflare said it is reviewing its systems to prevent similar problems in the future. Most services are now running normally, and users can access the affected websites again.

Also Read: Meta revenue chief Hegeman leaves to start own venture

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Corporate

Rajiv Jain’s GQG buys ₹5,094 cr stake in five Adani firms

Rajiv Jain’s GQG Partners, a global investment firm managing funds for institutions and individuals, has significantly increased its stake in five Adani Group companies, spending a total of ₹5,094 crore. The companies in focus are Adani Enterprises, Adani Ports & SEZ (APSEZ), Adani Green Energy, Adani Energy Solutions, and Adani Power.

The purchases were made through block deals, which are large share transactions conducted outside the open market. Most of the shares came from Reliance Trust Institutional Retirement Trust Series Eleven. This move reflects GQG Partners’ strong confidence in the Adani Group’s businesses across energy, infrastructure, and green power sectors.

The investment was spread across the five companies, with Adani Enterprises accounting for around 53.42 lakh shares purchased at ₹2,462 each, costing approximately ₹1,315.2 crore. Adani Ports & SEZ saw about 73.17 lakh shares bought at ₹1,507.6 each, totaling ₹1,103.14 crore, while Adani Green Energy involved nearly 77.39 lakh shares at ₹1,088.6 each, amounting to ₹842.53 crore. Adani Energy Solutions recorded 53.94 lakh shares at ₹1,021.55 each, roughly ₹551.08 crore, and Adani Power added 83.61 lakh shares at ₹153.28 each, totaling around ₹1,281.57 crore.

Prior to this transaction, GQG Partners held smaller stakes in these companies, ranging from about 1.5% to 2.5% in each. The recent purchases significantly increase GQG’s presence in the Adani Group, indicating confidence in the group’s growth prospects and long-term potential.

Also Read: Bengaluru’s Sarla Aviation invests ₹1,300 cr in Andhra’s aerospace facility

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Corporate

Sensex gains 200 points, Nifty surpasses 25,950

Indian equities opened lower on Wednesday, ending a six-day winning streak for the Sensex and Nifty. Investors remained cautious ahead of the weekly Nifty options expiry and reports of a potential India–U.S. trade deal.

Latent View Technologies, Intellect Design Arena, and Endurance Technologies were the top gainers, while KEC International, Waaree Energies, and HBL Engineering led the losses. The rupee strengthened slightly, supporting some buying interest.


IT and FMCG stocks showed relative resilience, but falling oil prices and mixed global market trends kept overall sentiment subdued. Traders are keeping a close watch on upcoming economic data and corporate earnings for direction.

Also Read: Sensex drops 278 Points, Nifty slips Below 25,950

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Technology

Game Awards 2025 nominations announced, Clair Obscur leads

The nominations for The Game Awards 2025 have been announced , ahead of the star-studded ceremony scheduled for December 11 in Los Angeles. The biggest headline: Clair Obscur: Expedition 33, a fantasy RPG from indie studio Sandfall Interactive, has set a record with 12 nominations, topping the list in Game of the Year, Best Game Direction, Best Narrative, Best Art Direction, and multiple performance categories.

This year’s awards highlight a mix of both indie and AAA titles. Sony Interactive Entertainment emerged as the most-nominated publisher with 19 nods across its popular games. Other noteworthy contenders include Death Stranding 2: On the Beach and Ghost of Yōtei with seven nominations each, Hades II with six, and Hollow Knight: Silksong with a strong showing.

“The nominations reflect the evolving gaming landscape,” said an industry analyst. “Indie developers are increasingly being recognized alongside major studios, showing that innovation and storytelling can rival big-budget production.”

The Game Awards, now in their 12th year, celebrate achievements in creative and technical fields, from art and music to narrative and direction. The complete list of nominees spans multiple categories and can be viewed on the official awards website.

Gamers and industry insiders alike are eagerly awaiting the December ceremony, which promises to shine a spotlight on both blockbuster titles and breakthrough indie games.

Also Read: Reliance enters pet food market with cheaper ‘Waggies’

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Corporate

Bengaluru’s Sarla Aviation invests ₹1,300 cr in Andhra’s aerospace facility

Bengaluru-based Sarla Aviation is set to create a futuristic aviation hub in Andhra Pradesh with an investment of ₹1,300 crore. The 500-acre campus in Thimmasamudram, Anantapur district, will focus on producing electric vertical takeoff and landing (eVTOL) aircraft, popularly known as flying taxis.

The facility will be more than just a factory. It will house design and engineering labs, pilot training centres, maintenance units, and flight-testing areas, aiming to manufacture up to 1,000 aircraft per year. This is expected to make it one of the world’s largest eVTOL production sites.

Rakesh Gaonkar, Co-founder and CTO of Sarla Aviation, said: “Our goal is for India to design, build, test, fly, and operate advanced eVTOL aircraft from a single integrated campus. This project is a step toward making India a leader in the future of urban air mobility.”

Advanced infrastructure will include a two-kilometre runway, special VTOL testing pads, and India’s largest wind tunnel. The campus will also produce critical components such as powertrains, landing gear systems, flight-control computers, and composite materials.

Sustainability is a key focus. The facility will use renewable energy, recycle water, maintain zero liquid discharge, and implement eco-friendly practices for metal and composite waste. The Andhra Pradesh government is partnering with Sarla Aviation to support infrastructure, research, and certification processes.

By 2029, the campus is expected to support commercial air-taxi services in South India while creating thousands of high-skilled jobs and helping local small businesses join the aviation supply chain.

Also Read: Tata Power commissions 300 MW solar plant for NHPC