Author: Staff Writer

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Beyond

Gold down ₹10, silver slips ₹100, 24‑carat at ₹1,25,070

Domestic precious-metal prices edged lower on Monday, with ten grams of 24‑carat gold trading at ₹1,25,070, down ₹10. Silver also fell ₹100, with one kilogram priced at ₹1,68,900.

Ten grams of 22‑carat gold was valued at ₹1,14,640 in most major cities, while Chennai saw a slightly higher rate of ₹1,15,490. In Delhi, 24‑carat gold stood at ₹1,25,220.

Globally, spot gold rose about 0.3% to US $4,091.89 per ounce, while silver gained 0.8% to US $50.94 per ounce, as investors awaited key US economic data that could influence interest-rate decisions.

The modest decline in India reflects cautious trading ahead of macroeconomic updates, even as global trends continue to support safe-haven demand for precious metals.

Also Read: Sensex climbs 200 pts, Nifty tops 25,950

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Corporate

Sensex climbs 200 pts, Nifty tops 25,950

Indian markets climbed on Monday with the BSE Sensex rising over 200 points and the Nifty 50 crossing 25,950. The Nifty Bank index hit a fresh all-time high, supported by strong buying in private and public sector banks.

Investors were encouraged by better-than-expected Q2 earnings and hopes of stronger domestic consumption, although global trade uncertainties and US rate-cut signals kept caution in the background.

Among the top gainers, Kotak Mahindra Bank rose after announcing a board meeting to consider a stock split. Bharti Airtel, NTPC Ltd., and IdeaForge Technology also advanced, with IdeaForge surging nearly 11% after winning a defence contract.

On the losing side, Tata Motors PV tumbled around 7% after weak guidance on its JLR business, while TCS and Infosys were among the major IT laggards.

Overall, the market sentiment was buoyed by optimism in earnings, led by banking and select blue-chip stocks.

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Corporate

Reliance announces 1-GW AI data centre in Andhra

Reliance Industries Ltd (RIL) has signed an MoU with the Andhra Pradesh government to build a 1-gigawatt AI data centre in Visakhapatnam. The agreement was finalised during the CII Partnership Summit 2025, attended by Chief Minister N. Chandrababu Naidu and senior Reliance leaders.

The upcoming facility will be a modular, high-performance data centre designed to handle next-generation AI workloads. It will support advanced processors such as GPUs, TPUs and specialised AI chips. The company said this centre will act as a “twin” to its gigawatt-scale AI hub in Jamnagar, Gujarat, creating a strong national network for AI computing.

To ensure sustainable power supply, Reliance will also set up a 6 GWp solar power plant in Andhra Pradesh. This will help meet the heavy energy needs of the AI facility while supporting the state’s push for renewable energy.

In addition to the data centre, RIL plans to develop a fully automated greenfield food park in Kurnool, spread across 170 acres. The park will manufacture beverages, packaged water, snacks and various food products. The project is expected to generate thousands of jobs and boost local supply chains.

Reliance said the new investments reflect its commitment to supporting Andhra Pradesh’s economic growth. The company has already invested over $25 billion in the state across its energy, retail and digital businesses.

Chief Minister Naidu welcomed the announcement, saying the projects will help position Andhra Pradesh as a hub for AI innovation, renewable energy and advanced manufacturing.

Also Read: Google to invest $40 billion in Texas

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Beyond

Trump drops tariffs to ease food prices

President Donald Trump has decided to remove tariffs on a range of imported goods, including beef, coffee, bananas, oranges, tomatoes, cocoa, tea, fruit juices and certain fertilisers. The goal is to help cut food prices for families who have been hit hard by rising grocery costs.

Many of these items are not produced widely in the United States, especially tropical fruits and coffee. Earlier, they carried tariffs of 10% to 50%, which increased their market prices. With the removal of these duties, officials expect imported foods to become cheaper.

Some tariffs will remain in place. For instance, tomatoes imported from Mexico will still face a 17% duty. But overall, the government believes the new policy will ease the financial burden on shoppers.

The move comes at a time when Americans have been voicing strong concerns about inflation and the high cost of daily essentials. Recent voting patterns also showed that economic worries remain a top priority for many households.

By cutting these tariffs, the administration hopes to reduce pressure on consumers, improve public confidence, and show that it is taking action to address rising living expenses.

Also Read: Trump adds 50,000 federal workers

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Beyond

Gold dips ₹10, Silver gains ₹100 in major cities

Gold prices in India edged lower in early trade on Saturday. Ten grams of 24-carat gold fell by ₹10 to ₹1,27,030, according to GoodReturns. Silver moved in the opposite direction, rising ₹100 to ₹1,73,200 per kg.

Prices of 22-carat gold also slipped ₹10, with ten grams priced at ₹1,16,440.

Across major metros, 24-carat gold was selling at ₹1,27,030 per 10 grams in Mumbai and Kolkata, while Chennai priced it higher at ₹1,28,060. In Delhi, the same quantity stood at ₹1,27,180.

For 22-carat gold, ten grams cost ₹1,16,440 in Mumbai, Kolkata, Bengaluru, and Hyderabad, and ₹1,17,390 in Chennai. In Delhi, the price stood at ₹1,16,590.

Silver prices were steady across key cities, with one kilogram selling at ₹1,73,200 in Delhi, Mumbai, and Kolkata. Chennai continued to trade higher at ₹1,79,900 per kg.

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Corporate

Sensex up 84 points, Nifty tops 25,900

The BSE Sensex ended 84 points up, while the Nifty 50 surpassed the 25,900 mark, closing at 25,916, on Thursday.

The market witnessed a quiet session in the morning, weighed down by profit-taking and cautious sentiment. However, optimism returned in the fag-end of trading, fueled by expectations of policy stability after the Bihar election results. Investors were seen snapping up stocks that had underperformed in earlier trades.

Among the gainers, TMCV led the charge with a 4% rise, followed by Eternal, which gained 2%. Other notable contributors included Trent, BEL, and SBI, which saw healthy buying interest.

On the downside, counters such as Tata Motors PV, Infosys, Tata Steel, ICICI Bank, Tech Mahindra, UltraTech Cement, and ITC ended lower, with losses ranging from 1% to 2.5%. Analysts noted that profit-booking in heavyweight stocks kept the gains in check despite a positive end to the session.

Market participants said the late rally reflected selective buying in fundamentally strong stocks, while broader market trends remain cautious ahead of upcoming corporate earnings and macroeconomic updates.

Also Read: Sensex sheds 300, Nifty below 25,800, muted opening

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Corporate

Adani secures ₹63,000 cr worth power projects in Assam

Adani Power and its affiliate Adani Green Energy Ltd have won two major contracts from Assam Power Distribution Company Limited, aiming to strengthen the state’s power infrastructure with a combined investment of around ₹63,000 crore.

Under the first project, Adani Power will build a 3,200 MW ultra-supercritical thermal power plant. The plant will have four units of 800 MW each and is expected to start operations in phases from December 2030, with full commissioning by December 2032. The project will be developed under a design-build-finance-own-operate model, supplying electricity to Assam under a long-term agreement. Coal for the plant will be procured following government guidelines to ensure steady fuel availability. The estimated investment for this project is around ₹48,000 crore.

The second project involves a 500 MW pumped hydro energy storage facility to be developed by Adani Green’s subsidiary. This is part of a wider plan to set up two pumped storage plants in Assam with a combined capacity of 2,700 MW and an investment of roughly ₹15,000 crore. Pumped storage allows electricity to be stored and released when needed, improving grid stability and supporting reliable power supply. The project will operate under a fixed tariff for 40 years from the start of commercial operations.

These projects come as the Adani Group expands into both traditional thermal power and large-scale storage solutions, reflecting Assam’s push to increase electricity generation and strengthen the grid. The initiatives are expected to boost regional infrastructure, create local employment opportunities, and enhance supply chain engagement, though the projects have long-term timelines.

Overall, these twin contracts mark a major expansion for the Adani Group in northeast India and align with national priorities to enhance generation capacity, introduce storage solutions, and build a stronger, more resilient power grid for the future.

Also Read: Adani Cement’s big green leap with TNFD adoption, a first in India

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1 Minute-Read

Hero MotoCorp Q2 profit rises 16% to ₹1,393 cr

Hero MotoCorp reported a net profit of ₹1,393 crore for the quarter ended September, up 16% from ₹1,204 crore a year ago, surpassing market expectations.

Revenue grew 16% to ₹12,126 crore, while EBITDA rose 20% to ₹1,824 crore. The company sold 1.69 million units during the quarter, driven by strong domestic demand, GST reforms, and a 77% increase in exports.

Hero MotoCorp said its refreshed product lineup and global expansion plans should support continued growth in the coming quarters.

Analysts see the performance as a positive indicator for the two‑wheeler industry’s recovery.

Categories
Beyond

Trump adds 50,000 federal workers

The Trump administration has added 50,000 new federal employees, with the bulk of positions going to immigration and national security roles. Immigration and Customs Enforcement (ICE) received the largest share of these new hires.

Meanwhile, other federal agencies, including the IRS and the Department of Health and Human Services, are seeing hiring freezes and layoffs. Overall, the administration plans to cut about 300,000 civilian federal jobs, part of a broader effort to shift priorities toward enforcement and border security.

This hiring push reflects the administration’s focus on strengthening immigration enforcement while reducing workforce size in other domestic areas, signaling a significant realignment of federal staffing priorities.

Also Read: Prem Watsa announces next-gen leadership at Fairfax

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Leaders

Prem Watsa names Fairfax’s new leadership

Prem Watsa, often called “Canada’s Warren Buffett,” has confirmed that his son Ben Watsa will be his successor at Fairfax Financial Holdings. The announcement is highlighted in Watsa’s upcoming book The Fairfax Way, where he outlines plans to ensure stability and continuity at the company.

Fairfax, founded in 1985, has grown into a US$35-billion global insurance and investment group with major exposure to India. The firm has invested nearly US$7 billion in Indian companies, including GoDigit Insurance, Thomas Cook India, Quess Corp, CSB Bank and the Bengaluru airport.

Ben Watsa has served on Fairfax’s board since 2014 and manages Marval Capital, a fund focused on Indian equities that has delivered strong returns. Prem Watsa emphasised that he is not stepping down immediately but wants shareholders to know that the company has a robust succession plan and that its long-term investment culture will continue under the next generation.

Also Read: Godrej Consumer buys Muuchstac for ₹450 crore