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Profit-taking brought down both the equity indices, Sensex and Nifty, as the Indian stock market ended flat on Tuesday. The Bombay Stock Exchange's Sensex settled at 84,628.16, down 150.68 points, and the National Stock Exchange's Nifty 50 was down 29.85 points to close at 25,936.20.&nbsp;Consumer and IT sectors were responsible for the decline of the market on Tuesday. Metal stocks, on the other hand, rose, riding on the promise of an expected US-China trade deal.&nbsp;The stocks of the public sector banks also rose after reports that the government might raise the foreign institutional investment (FII) ceiling.<h2>Nifty sectoral indices</h2>Nifty Metal was the top sectoral gainer, ending up 1.23 per cent. Nifty PSU Banks ended 1.21 per cent. Nifty Realty &amp; Nifty CPSE were the top two sectoral losers.<h2>Top gainers and losers</h2>JSW Steel and Tata Steel were the top gainers. Bajaj Finserv and Trent were the top losers.&nbsp;The Midcap Index ended 0.02 per cent lower, while the Smallcap Index closed the day with a modest gain of 0.02 per cent.&nbsp;Over the past two sessions, Nifty has been hovering in the 26,000-26,050 zone.<h2>What the experts say</h2>&nbsp;"Overall, Nifty appears to be taking a breather after a strong breakout. Looking at key levels, the zone of 26,050-26,100 will act as an immediate resistance for the Index," Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities, told ANI.&nbsp;Praveen Dwarakanath, Vice President of Hedged.in, however, said that momentum indicators are indicating further upside for the index.&nbsp;Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd, said that the market is expected to remain firm.

Profit-taking brought down both the equity indices, Sensex and Nifty, as the Indian stock market ended flat on Tuesday. 

Profit-taking brought down both the equity indices, Sensex and Nifty, as the Indian stock market ended flat on Tuesday. The Bombay Stock Exchange's Sensex settled at 84,628.16, down 150.68 points, and the National Stock Exchange's Nifty 50 was down 29.85 points to close at 25,936.20. Consumer and IT sectors were responsible for the decline of the market on Tuesday. Metal stocks, on the other hand, rose, riding on the promise of an expected US-China trade deal. The stocks of the public sector banks also rose after reports that the government might raise the foreign institutional investment (FII) ceiling. Nifty sectoral indices Nifty Metal was the top sectoral gainer, ending up 1.23 per cent. Nifty PSU Banks ended 1.21 per cent. Nifty Realty & Nifty CPSE were the top two sectoral losers. Top gainers and losers JSW Steel and Tata Steel were the top gainers. Bajaj Finserv and Trent were the top losers. The Midcap Index ended 0.02 per cent lower, while the Smallcap Index closed the day with a modest gain of 0.02 per cent. Over the past two sessions, Nifty has been hovering in the 26,000-26,050 zone. What the experts say "Overall, Nifty appears to be taking a breather after a strong breakout. Looking at key levels, the zone of 26,050-26,100 will act as an immediate resistance for the Index," Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities, told ANI. Praveen Dwarakanath, Vice President of Hedged.in, however, said that momentum indicators are indicating further upside for the index. Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd, said that the market is expected to remain firm.

Indian Stock Market: The stocks of the public sector banks also rose after reports that the government might raise the foreign institutional investment (FII) ceiling.

Stock Market News: How BSE Sensex, NSE Nifty performed today

Payments platform PayPal has finalised a deal with generative AI firm OpenAI, which will allow ChatGPT users to buy products using the company's wallet. The announcement of the deal resulted in an upsurge in the firm's shares in premarket trading. PayPal has also announced its first-ever dividend in its 27-year history.&nbsp;PayPal said that its partnership with the AI pioneer&nbsp;will connect its customers to ChatGPT, one of the world's most popular AI chat boxes, allowing users to sell within the tool, reported Reuters.&nbsp;As people are adopting AI in daily life, AI-based shopping tools are increasingly becoming popular. These tools help users make informed shopping decisions by autonomously researching, comparing, and purchasing products for consumers.&nbsp;These digital assistants also understand user preferences, set budgets, evaluate reviews, and track prices over time.<h2>What the PayPal CEO said</h2>PayPal CEO Alex Chriss said in a statement that by adopting the Agentic Commerce Protocol, PayPal will power payments and commerce experiences that help people go from chat to checkout in just a few taps for "our joint customer bases".&nbsp;PayPal's board, meanwhile, has approved a quarterly dividend of 14 cents per share. The firm has been prioritizing profitability over aggressive revenue growth under the leadership of CEO Alex Chriss.&nbsp;PayPal posted total payment volume growth of 7% on a FX-neutral basis to $458.1 billion.&nbsp;The company's payment volumes have remained resilient despite changing spending patterns of the masses amid inflationary pressures.

Payments platform PayPal has finalised a deal with generative AI firm OpenAI, which will allow ChatGPT users to buy products using the company's wallet.

Payments platform PayPal has finalised a deal with generative AI firm OpenAI, which will allow ChatGPT users to buy products using the company's wallet. The announcement of the deal resulted in an upsurge in the firm's shares in premarket trading. PayPal has also announced its first-ever dividend in its 27-year history. PayPal said that its partnership with the AI pioneer will connect its customers to ChatGPT, one of the world's most popular AI chat boxes, allowing users to sell within the tool, reported Reuters. As people are adopting AI in daily life, AI-based shopping tools are increasingly becoming popular. These tools help users make informed shopping decisions by autonomously researching, comparing, and purchasing products for consumers. These digital assistants also understand user preferences, set budgets, evaluate reviews, and track prices over time. What the PayPal CEO said PayPal CEO Alex Chriss said in a statement that by adopting the Agentic Commerce Protocol, PayPal will power payments and commerce experiences that help people go from chat to checkout in just a few taps for "our joint customer bases". PayPal's board, meanwhile, has approved a quarterly dividend of 14 cents per share. The firm has been prioritizing profitability over aggressive revenue growth under the leadership of CEO Alex Chriss. PayPal posted total payment volume growth of 7% on a FX-neutral basis to $458.1 billion. The company's payment volumes have remained resilient despite changing spending patterns of the masses amid inflationary pressures.

PayPal-ChatGPT deal: PayPal's board, meanwhile, has approved a quarterly dividend of 14 cents per share. These digital assistants also understand user preferences, set budgets, evaluate reviews, and track prices over time.

PayPal, OpenAI ink deal for shopping-enabled ChatGPT | Details inside

The Union Cabinet, which was chaired by Prime Minister Narendra Modi, approved the Terms of Reference of the 8th Central Pay Commission on Tuesday. This is a step further in creating the panel that recommends massive changes to the structure of the salaries of government employees.&nbsp;The Union Cabinet said in a statement that the 8th Central Pay Commission will be a temporary body, comprising a chairman, a part-time member, and a secretary. The pay recommendation will be made within 18 months.<h2>What the statement said</h2>"The 8th Central Pay Commission will be a temporary body. The Commission will comprise one Chairperson, one Member (Part-Time), and one Member-Secretary," the statement reads.&nbsp;"It will make its recommendations within 18 months of the date of its constitution. It may consider, if necessary, sending interim reports on any of the matters as and when the recommendations are finalized," it added.&nbsp;The statement says that the government will make recommendations based on the economic conditions of the country, keeping in mind fiscal prudence.&nbsp;"While making the recommendations, the Commission will keep in view the following: The economic conditions in the country and the need for fiscal prudence; ii. The need to ensure that adequate resources are available for developmental expenditure and welfare measures; iii. The unfunded cost of non-contributory pension schemes; iv. The likely impact of the recommendations on the finances of the State Governments, which usually adopt the recommendations with some modifications; and v. The prevailing emolument structure, benefits, and working conditions available to employees of Central Public Sector Undertakings and the private sector," it said.<h2>What are Central Pay Commissions?</h2>The Central Pay Commissions are constituted to evaluate the emoluments structure, retirement benefits, and other service conditions of central government employees and to make recommendations on the changes required.&nbsp;"Usually, the recommendations of the pay commissions are implemented after a gap of every ten years. Going by this trend, the effect of the 8th Central Pay Commission recommendations would normally be expected from 01.01.2026," the statement said.&nbsp;The government announced the formation of the 8th pay panel in January 2025.

The Union Cabinet, which was chaired by Prime Minister Narendra Modi, approved the Terms of Reference of the 8th Central Pay Commission.

The Union Cabinet, which was chaired by Prime Minister Narendra Modi, approved the Terms of Reference of the 8th Central Pay Commission on Tuesday. This is a step further in creating the panel that recommends massive changes to the structure of the salaries of government employees. The Union Cabinet said in a statement that the 8th Central Pay Commission will be a temporary body, comprising a chairman, a part-time member, and a secretary. The pay recommendation will be made within 18 months. What the statement said "The 8th Central Pay Commission will be a temporary body. The Commission will comprise one Chairperson, one Member (Part-Time), and one Member-Secretary," the statement reads. "It will make its recommendations within 18 months of the date of its constitution. It may consider, if necessary, sending interim reports on any of the matters as and when the recommendations are finalized," it added. The statement says that the government will make recommendations based on the economic conditions of the country, keeping in mind fiscal prudence. "While making the recommendations, the Commission will keep in view the following: The economic conditions in the country and the need for fiscal prudence; ii. The need to ensure that adequate resources are available for developmental expenditure and welfare measures; iii. The unfunded cost of non-contributory pension schemes; iv. The likely impact of the recommendations on the finances of the State Governments, which usually adopt the recommendations with some modifications; and v. The prevailing emolument structure, benefits, and working conditions available to employees of Central Public Sector Undertakings and the private sector," it said. What are Central Pay Commissions? The Central Pay Commissions are constituted to evaluate the emoluments structure, retirement benefits, and other service conditions of central government employees and to make recommendations on the changes required. "Usually, the recommendations of the pay commissions are implemented after a gap of every ten years. Going by this trend, the effect of the 8th Central Pay Commission recommendations would normally be expected from 01.01.2026," the statement said. The government announced the formation of the 8th pay panel in January 2025.

8th Central Pay Commission: The government said in a statement that the 8th Central Pay Commission will be a temporary body, comprising a chairman, a part-time member, and a secretary.

8th Central Pay Commission: Centre approves Terms of Reference | Full details

Amazon is preparing to lay off up to 30,000 corporate employees starting Tuesday (October 28), as part of an ongoing effort to reduce costs and correct over hiring during the pandemic’s peak demand, according to reports. While this number represents a small portion of Amazon’s total 1.55 million workforce, it’s nearly 10% of the 350,000 corporate employees. This round of cuts follows the company’s previous elimination of 27,000 roles in late 2022.&nbsp;The job cuts will span several divisions, including Human Resources (People Experience and Technology), operations, devices, services, and Amazon Web Services (AWS), reports suggest. Managers in affected teams were trained on Monday (October 27) to prepare for notifying employees, who will receive emails starting Tuesday (October 28).&nbsp;Also Read: <a href="https://www.wionews.com/trending/musk-launches-grokipedia-his-truthful-ai-rival-to-wikipedia-netizens-slam-its-word-to-word-copied-content-1761646545561">Musk launches Grokipedia, his ‘truthful’ AI rival to Wikipedia, netizens slam its 'word to word' copied content</a><h2>Why is Amazon laying off its employees?</h2>CEO Andy Jassy’s push to streamline operations includes reducing unnecessary layers of management, driven in part by feedback from an anonymous tip line that has led to numerous process changes. The company’s reliance on AI for automation is also expected to further reduce the need for human labour, particularly in repetitive tasks.&nbsp;This move signals that Amazon is achieving sufficient productivity gains through AI to justify reducing its workforce. Additionally, pressure to manage short-term expenses and fund long-term AI investments may be fueling the cuts. A program introduced earlier this year requiring employees to return to the office five days a week has also contributed to the layoffs, with some workers being told they voluntarily resigned for not complying.&nbsp;The tech sector as a whole has seen significant layoffs, with approximately 98,000 job losses in 2024 alone. Amazon’s cloud division, AWS, continues to be a key revenue driver, though it reported slower growth compared to rivals like Microsoft and Google Cloud. In the face of these cuts, Amazon remains optimistic about the holiday season, offering 250,000 seasonal roles and planning a reorganisation within its diversity-focused PXT unit. Despite the job cuts, Amazon's stock rose by 1.2% as it prepares to announce its third-quarter earnings this week.

Amazon layoffs: E-commerce giant to cut 30,000 jobs as AI and cost-cutting measures take hold

Amazon is preparing to lay off up to 30,000 corporate employees starting Tuesday (October 28), as part of an ongoing effort to reduce costs and correct over hiring during the pandemic’s peak demand, according to reports. While this number represents a small portion of Amazon’s total 1.55 million workforce, it’s nearly 10% of the 350,000 corporate employees. This round of cuts follows the company’s previous elimination of 27,000 roles in late 2022. The job cuts will span several divisions, including Human Resources (People Experience and Technology), operations, devices, services, and Amazon Web Services (AWS), reports suggest. Managers in affected teams were trained on Monday (October 27) to prepare for notifying employees, who will receive emails starting Tuesday (October 28). Also Read: Musk launches Grokipedia, his ‘truthful’ AI rival to Wikipedia, netizens slam its 'word to word' copied content Why is Amazon laying off its employees? CEO Andy Jassy’s push to streamline operations includes reducing unnecessary layers of management, driven in part by feedback from an anonymous tip line that has led to numerous process changes. The company’s reliance on AI for automation is also expected to further reduce the need for human labour, particularly in repetitive tasks. This move signals that Amazon is achieving sufficient productivity gains through AI to justify reducing its workforce. Additionally, pressure to manage short-term expenses and fund long-term AI investments may be fueling the cuts. A program introduced earlier this year requiring employees to return to the office five days a week has also contributed to the layoffs, with some workers being told they voluntarily resigned for not complying. The tech sector as a whole has seen significant layoffs, with approximately 98,000 job losses in 2024 alone. Amazon’s cloud division, AWS, continues to be a key revenue driver, though it reported slower growth compared to rivals like Microsoft and Google Cloud. In the face of these cuts, Amazon remains optimistic about the holiday season, offering 250,000 seasonal roles and planning a reorganisation within its diversity-focused PXT unit. Despite the job cuts, Amazon's stock rose by 1.2% as it prepares to announce its third-quarter earnings this week.

As per reports, Amazon will cut 30,000 corporate jobs, including in HR and AWS, as it aims to streamline operations and leverage AI for increased productivity, despite record profits

Elon Musk’s AI firm, xAI, has launched Grokipedia, a new online encyclopedia positioned as a rival to Wikipedia. Musk, as per reports, claim that the so-called Grokipedia is a more "truthful" alternative to Wikipedia. However, netizens on Musk's X don't seem too pleased with the product and have taken to slamming how it allegedly "rips off directly from Wikipedia, word for word, formatting, structure, the whole thing". Here's all you need to know.Also read | <a href="https://www.wionews.com/trending/trump-says-becoming-vp-to-return-to-white-house-would-be-too-cute-but-insists-i-d-be-allowed-to-1761632934601">Trump says becoming VP to return to White House would be 'too cute' but insists 'I’d be allowed to'. Watch</a><h2>Grokipedia 0.1 live</h2>The Grokipedia site went live Monday in what Musk called "version 0.1," with over 885,000 articles already published. By comparison, English-language Wikipedia hosts more than seven million entries. Musk said a major upgrade, "version 1.0," is coming soon and will be "10X better" than the current site."The goal of Grok and Grokipedia.com is the truth, the whole truth and nothing but the truth." Musk wrote on X, the platform he owns. "We will never be perfect, but we shall nonetheless strive towards that goal". In another post on Tuesday, he wrote that "Grokipedia.com is fully open source, so anyone can use it for anything at no cost". He also described the goal as “the truth, the whole truth and nothing but the truth.”

<blockquote class="twitter-tweet">The goal of Grok and <a href="https://t.co/op5s4ZikGJ">https://t.co/op5s4ZikGJ</a> is the truth, the whole truth and nothing but the truth. We will never be perfect, but we shall nonetheless strive towards that goal. <a href="https://t.co/j8bJf7c4Hl">https://t.co/j8bJf7c4Hl</a>&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1983009037156315440?ref_src=twsrc%5Etfw">October 28, 2025</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

<blockquote class="twitter-tweet">Wikipedia vs. Grokipedia Wikipedia smears RFK Jr as a “conspiracy theorist and anti-vaccine activist” in the first sentence, while Grokipedia sticks to the facts. I’m switching to Grokipedia 👍 <a href="https://t.co/OvumKlvjQW">pic.twitter.com/OvumKlvjQW</a>&mdash; Chief Nerd (@TheChiefNerd) <a href="https://twitter.com/TheChiefNerd/status/1982951962955190608?ref_src=twsrc%5Etfw">October 27, 2025</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

<h2>Musk wanted to 'purge out the propaganda'</h2>According to AFP, Musk delayed Grokipedia's initial rollout, which had originally been slated for late September, claiming he wanted to “purge out the propaganda” before launch.The billionaire has long accused Wikipedia of political bias, claiming it was "controlled by far-left activists". Earlier this year, he argued the site should not be used as a "definitive source" for X's Community Notes, saying its editorial control was "extremely left-biased".Also read | <a href="https://www.wionews.com/trending/trump-scores-another-nobel-peace-prize-nomination-this-time-from-japan-1761620702194">Trump scores another Nobel Peace prize nomination...this time from Japan</a>Wikipedia, created in 2001, describes itself as a neutral, collaborative encyclopedia edited by volunteers worldwide. It is managed by the non-profit Wikimedia Foundation and funded mostly through public donations.<h2>How does Grokipedia work?</h2>Unlike Wikipedia, which relies on volunteer editors and community moderation, Grokipedia is powered by Musk’s AI assistant Grok, integrated into X. The platform automatically generates and updates entries using AI models trained by xAI.However, netizens were quick to slam Grokipedia for ripping off "directly from Wikipedia, word for word, formatting, structure, the whole thing". Others have flagged the flaws. One user responded to Musk, writing, “If you put a page from Grokipedia through Grok and asked for the flaws and logical fallacies in the page, it will give you ALL of the flaws. This is embarrassing.”

<blockquote class="twitter-tweet">If you put a page from Grokipedia through Grok and asked for the flaws and logical fallacies in the page, it will give you ALL of the flaws. This is embarrassing. <a href="https://t.co/iwMSLGEuq6">pic.twitter.com/iwMSLGEuq6</a>&mdash; Jack Beers (@waytoomuchbeer) <a href="https://twitter.com/waytoomuchbeer/status/1982999151043580157?ref_src=twsrc%5Etfw">October 28, 2025</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

<blockquote class="twitter-tweet">Grokipedia rips off directly from Wikipedia, word for word, formatting, structure, the whole thing. <a href="https://t.co/HUVIgh5Swg">pic.twitter.com/HUVIgh5Swg</a>&mdash; Dave Jones (@eevblog) <a href="https://twitter.com/eevblog/status/1983025307490861311?ref_src=twsrc%5Etfw">October 28, 2025</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Others, meanwhile, lauded the launch, pointing out the difference between the articles on Wikipedia and Grokipedia.

Elon Musk’s AI firm xAI has launched Grokipedia, a Wikipedia rival claiming to offer “the whole truth.” While some users say it copies Wikipedia “word for word,” calling it a lazy clone, others are lauding it. Here's all you need to know.

Elon Musk’s AI firm, xAI, has launched Grokipedia, a new online encyclopedia positioned as a rival to Wikipedia. Musk, as per reports, claim that the so-called Grokipedia is a more "truthful" alternative to Wikipedia. However, netizens on Musk's X don't seem too pleased with the product and have taken to slamming how it allegedly "rips off directly from Wikipedia, word for word, formatting, structure, the whole thing". Here's all you need to know. Also read | Trump says becoming VP to return to White House would be 'too cute' but insists 'I’d be allowed to'. Watch Grokipedia 0.1 live The Grokipedia site went live Monday in what Musk called "version 0.1," with over 885,000 articles already published. By comparison, English-language Wikipedia hosts more than seven million entries. Musk said a major upgrade, "version 1.0," is coming soon and will be "10X better" than the current site. "The goal of Grok and Grokipedia.com is the truth, the whole truth and nothing but the truth." Musk wrote on X, the platform he owns. "We will never be perfect, but we shall nonetheless strive towards that goal". In another post on Tuesday, he wrote that "Grokipedia.com is fully open source, so anyone can use it for anything at no cost". He also described the goal as “the truth, the whole truth and nothing but the truth.”

Elon Musk’s AI firm xAI has launched Grokipedia, a Wikipedia rival claiming to offer “the whole truth.” While some users say it copies Wikipedia “word for word,” calling it a lazy clone, others are lauding it. Here's all you need to know.

Musk launches Grokipedia, his ‘truthful’ AI rival to Wikipedia, netizens slam its 'word to word' copied content

A report by a research company has said that the gold prices have boosted the net worth of Indian households. The report noted that the surge in net worth highlights the importance of buying the precious metal in Indian families.<h2>How much Gold do Indians hold?</h2>The report, published by Systematix Research, has estimated the net worth of Indian households to be Rs 3.24 trillion.&nbsp;"The doubling of traded gold prices would have increased their net worth to INR 3.24 trillion," it added.&nbsp;The report said Indian households own around 24,000 tons of gold, which accounts for 11 per cent of the world's total gold reserves.<h2>Impact of consumption</h2>The report, however, said that despite the rise in prices of gold, the impact on the consumption in the economy is minimal. The company said that the net-worth effect from rising gold prices has little to no influence on actual spending behaviour.&nbsp;It said that only real income is the primary driver of the growth of consumption. It also found that the impact of real returns from assets on consumption is negative.&nbsp;The report said that in rural houses, people spend most of their income on consumption, and they hold gold. If real incomes decline, the increase in net worth due to gold is not realised.&nbsp;Rural households also buy gold as a mode of investment. So steep prices can squeeze consumption rather than boost it.&nbsp;Also, gold is treated by Indian households as an asset to be liquidated in cases of emergency. Hence, most people in India tend to hold the precious metal.

A report by a research company has said that the gold prices have boosted the net worth of Indian households. 

A report by a research company has said that the gold prices have boosted the net worth of Indian households. The report noted that the surge in net worth highlights the importance of buying the precious metal in Indian families. How much Gold do Indians hold? The report, published by Systematix Research, has estimated the net worth of Indian households to be Rs 3.24 trillion. "The doubling of traded gold prices would have increased their net worth to INR 3.24 trillion," it added. The report said Indian households own around 24,000 tons of gold, which accounts for 11 per cent of the world's total gold reserves. Impact of consumption The report, however, said that despite the rise in prices of gold, the impact on the consumption in the economy is minimal. The company said that the net-worth effect from rising gold prices has little to no influence on actual spending behaviour. It said that only real income is the primary driver of the growth of consumption. It also found that the impact of real returns from assets on consumption is negative. The report said that in rural houses, people spend most of their income on consumption, and they hold gold. If real incomes decline, the increase in net worth due to gold is not realised. Rural households also buy gold as a mode of investment. So steep prices can squeeze consumption rather than boost it. Also, gold is treated by Indian households as an asset to be liquidated in cases of emergency. Hence, most people in India tend to hold the precious metal.

Gold prices in India: It said that only real income is the primary driver of the growth of consumption. It also found that the impact of real returns from assets on consumption is negative.

How much gold do Indian families hold? What's their estimated net worth?

The Reserve Bank of India(RBI), the country's apex bank, will sell four dated Government Securities for a total notified amount of Rs 32,000 crore. The auction will be held on October 31. The final settlement will take place on November 3.<h2>Four types of government securities will be auctioned off. They are:&nbsp;</h2><ol><li>5.91 per cent Government Security 2028, maturing on June 30, 2028, for a notified amount of Rs 9,000 crore.</li><li>6.28 per cent Government Security 2032, maturing on July 14, 2032, for Rs 11,000 crore.&nbsp;</li><li>7.24 per cent Government Security 2055, maturing on August 18, 2055, for Rs 7,000 crore.</li><li>6.98 per cent Government of India Sovereign Green Bond (SGrB) 2054, maturing on December 16, 2054, for a notified amount of Rs 5,000 crore.</li></ol>&nbsp;The central government will have the option to retain an&nbsp;additional subscription of up to Rs 2,000 crore against each of these securities.<h2>How will the auction take place?</h2>The auction will be conducted by the RBI's Mumbai office. Bids will have to be submitted electronically through the RBI's Core Banking Solution (e-Kuber system). The results of the auction will be announced same day. Bidders who win the auction will have to make payments by November 3, 2025.&nbsp;Bids for underwriting the Additional Competitive Underwriting (ACU) portion can be submitted by Primary Dealers between 9:00 a.m. and 9:30 a.m. on the day of the auction.<h2>What are government securities?</h2>Government securities are debt instruments that can be traded. They are issued by central or state governments. They are raised to generate funds for public expenditure. They are one of the safest investment options because the Government of India guarantees&nbsp;them. They provide investors with a regular income stream through interest payments, while the principal amount is returned upon maturity. It also gives a fixed amount of interest.

The Reserve Bank of India(RBI), the country's apex bank, will sell four dated Government Securities for a total notified amount of Rs 32,000 crore.

The Reserve Bank of India(RBI), the country's apex bank, will sell four dated Government Securities for a total notified amount of Rs 32,000 crore. The auction will be held on October 31. The final settlement will take place on November 3. Four types of government securities will be auctioned off. They are: 5.91 per cent Government Security 2028, maturing on June 30, 2028, for a notified amount of Rs 9,000 crore. 6.28 per cent Government Security 2032, maturing on July 14, 2032, for Rs 11,000 crore. 7.24 per cent Government Security 2055, maturing on August 18, 2055, for Rs 7,000 crore. 6.98 per cent Government of India Sovereign Green Bond (SGrB) 2054, maturing on December 16, 2054, for a notified amount of Rs 5,000 crore. The central government will have the option to retain an additional subscription of up to Rs 2,000 crore against each of these securities. How will the auction take place? The auction will be conducted by the RBI's Mumbai office. Bids will have to be submitted electronically through the RBI's Core Banking Solution (e-Kuber system). The results of the auction will be announced same day. Bidders who win the auction will have to make payments by November 3, 2025. Bids for underwriting the Additional Competitive Underwriting (ACU) portion can be submitted by Primary Dealers between 9:00 a.m. and 9:30 a.m. on the day of the auction. What are government securities? Government securities are debt instruments that can be traded. They are issued by central or state governments. They are raised to generate funds for public expenditure. They are one of the safest investment options because the Government of India guarantees them. They provide investors with a regular income stream through interest payments, while the principal amount is returned upon maturity. It also gives a fixed amount of interest.

RBI to auction off securities: The auction will be conducted by the RBI's Mumbai office. Bids will have to be submitted electronically through the RBI's Core Banking Solution.

RBI to sell off 4 government securities | Full details of auction

Meta Platforms CEO Mark Zuckerberg has promoted veteran executive Vishal Shah to a key position within the company's AI division. It marks the latest move in Zuckerberg’s ongoing leadership reshuffle amid his rapid drive into artificial intelligence (AI). Meta’s AI product chief, Nat Friedman, said Shah will take charge of product management within his team, reporting directly to him, according to a Financial Times report, citing an internal memo.<h3>Who Is Vishal Shah?</h3>Based on the LinkedIn profile, Shah earned a Bachelor of Science (BS) in Computer Science and Business from the University of California, Berkeley, in May 2004.&nbsp;He began his career as an engineer at Redi2, followed by a little over a year as an analyst with Accenture.&nbsp;Between 2005 and 2013, Shah served as director of engineering at Turn, a digital marketing company, where he advanced to the role of director of engineering. He later spent two years as senior director of product management.&nbsp;Shah joined Instagram in 2015 as director of product management and served in that capacity until November 2018, after which he was promoted to vice-president (VP) of product. He held that role until August 2021 before becoming VP of Metaverse at Meta.&nbsp;In the memo seen by FT, Friedman commended Shah for his ability to tackle “ambiguous technical problems” and emphasised his “strong relationships across Meta,” reflecting confidence in Shah’s leadership as the company accelerates its AI initiatives.&nbsp;On this project, Shah will play a significant role in making Meta’s artificial intelligence capabilities into its Reality Labs division. The unit, which focuses on augmented and virtual reality, oversees the metaverse ambitions and the growing smart glasses initiative of the company.&nbsp;Quoting Shah's internal post, the FT report added that he plans to “remain very involved in building bridges between Meta’s Superintelligence Labs and Reality Labs that will enable us to shape how we deliver personal superintelligence to billions of people across all devices."

It marks the latest move in Zuckerberg’s ongoing leadership reshuffle amid his rapid drive into artificial intelligence (AI). Meta’s AI product chief, Nat Friedman, said Shah will take charge of product management within his team, reporting directly to him.

Meta Platforms CEO Mark Zuckerberg has promoted veteran executive Vishal Shah to a key position within the company's AI division. It marks the latest move in Zuckerberg’s ongoing leadership reshuffle amid his rapid drive into artificial intelligence (AI). Meta’s AI product chief, Nat Friedman, said Shah will take charge of product management within his team, reporting directly to him, according to a Financial Times report, citing an internal memo. Who Is Vishal Shah? Based on the LinkedIn profile, Shah earned a Bachelor of Science (BS) in Computer Science and Business from the University of California, Berkeley, in May 2004. He began his career as an engineer at Redi2, followed by a little over a year as an analyst with Accenture. Between 2005 and 2013, Shah served as director of engineering at Turn, a digital marketing company, where he advanced to the role of director of engineering. He later spent two years as senior director of product management. Shah joined Instagram in 2015 as director of product management and served in that capacity until November 2018, after which he was promoted to vice-president (VP) of product. He held that role until August 2021 before becoming VP of Metaverse at Meta. In the memo seen by FT, Friedman commended Shah for his ability to tackle “ambiguous technical problems” and emphasised his “strong relationships across Meta,” reflecting confidence in Shah’s leadership as the company accelerates its AI initiatives. On this project, Shah will play a significant role in making Meta’s artificial intelligence capabilities into its Reality Labs division. The unit, which focuses on augmented and virtual reality, oversees the metaverse ambitions and the growing smart glasses initiative of the company. Quoting Shah's internal post, the FT report added that he plans to “remain very involved in building bridges between Meta’s Superintelligence Labs and Reality Labs that will enable us to shape how we deliver personal superintelligence to billions of people across all devices."

It marks the latest move in Zuckerberg’s ongoing leadership reshuffle amid his rapid drive into artificial intelligence (AI). Meta’s AI product chief, Nat Friedman, said Shah will take charge of product management within his team, reporting directly to him.

Who Is Vishal Shah? Meta CEO Zuckerberg appoints head of project management for AI Division

Billionaire Elon Musk could leave Tesla as CEO if his proposed $1 trillion pay package is rejected by shareholders at the company’s annual meeting on 6 November, Chair Robyn Denholm warned on Monday (Oct 27). This comes amid repeated criticism against the company’s board for not acting in the best interests of its shareholders with governance experts and advocacy groups questioning its independence and oversight of Musk’s influence.In a letter to investors, Denholm said that the performance-based plan was designed to keep Musk motivated to continue leading Tesla for at least another seven-and-a-half years, Reuters reported.Also read | <a href="https://www.wionews.com/world/-god-of-dementia-trump-gets-trolled-on-social-media-for-misspelling-hepatitis-1761572329451">‘God of dementia’: Trump gets trolled on social media for misspelling ‘hepatitis’</a>Denholm said that Musk’s leadership was “critical” to the electric car maker firm’s success. She warned that without a plan that properly incentivises him, Tesla could lose his “time, talent and vision”. Must role was essential as Tesla seeks to expand in artificial intelligence and autonomous technology, she said.Also read | <a href="https://www.wionews.com/trending/can-elon-musk-become-world-s-first-trillionaire-yes-if-1757073766536">Can Elon Musk become world’s first trillionaire? Yes, if…</a>The proposed package would provide Musk 12 blocks of share options if Tesla hits large targets, including a market capitalization of $8.5 trillion and breakthrough in autonomous driving and robotics. If approved, the package would add an additional $900 billion to Musk’s wealth, making him a trillionaire. Currently, Musk has a net worth of more than $400 billion, as per Forbes. However, it is only possible if the value of Tesla stocks increases significantly in the coming years.Also read | <a href="https://www.wionews.com/world/-quiet-as-a-whisper-german-firm-flaunts-freight-lift-used-in-louvre-heist-1761416481977">‘Quiet as a whisper’: German firm flaunts freight lift used in Louvre heist</a>Tesla’s board has been increased scrutiny for years over its close relationship with Musk. Earlier this year, a Delaware court struck down his 2018 pay deal finding it was improperly awarded and negotiated by directors who were not fully independent.

In a letter to investors, Denholm said that the performance-based plan was designed to keep Musk motivated to continue leading Tesla for at least another seven-and-a-half years.

Billionaire Elon Musk could leave Tesla as CEO if his proposed $1 trillion pay package is rejected by shareholders at the company’s annual meeting on 6 November, Chair Robyn Denholm warned on Monday (Oct 27). This comes amid repeated criticism against the company’s board for not acting in the best interests of its shareholders with governance experts and advocacy groups questioning its independence and oversight of Musk’s influence. In a letter to investors, Denholm said that the performance-based plan was designed to keep Musk motivated to continue leading Tesla for at least another seven-and-a-half years, Reuters reported. Also read | ‘God of dementia’: Trump gets trolled on social media for misspelling ‘hepatitis’ Denholm said that Musk’s leadership was “critical” to the electric car maker firm’s success. She warned that without a plan that properly incentivises him, Tesla could lose his “time, talent and vision”. Must role was essential as Tesla seeks to expand in artificial intelligence and autonomous technology, she said. Also read | Can Elon Musk become world’s first trillionaire? Yes, if… The proposed package would provide Musk 12 blocks of share options if Tesla hits large targets, including a market capitalization of $8.5 trillion and breakthrough in autonomous driving and robotics. If approved, the package would add an additional $900 billion to Musk’s wealth, making him a trillionaire. Currently, Musk has a net worth of more than $400 billion, as per Forbes. However, it is only possible if the value of Tesla stocks increases significantly in the coming years. Also read | ‘Quiet as a whisper’: German firm flaunts freight lift used in Louvre heist Tesla’s board has been increased scrutiny for years over its close relationship with Musk. Earlier this year, a Delaware court struck down his 2018 pay deal finding it was improperly awarded and negotiated by directors who were not fully independent.

In a letter to investors, Denholm said that the performance-based plan was designed to keep Musk motivated to continue leading Tesla for at least another seven-and-a-half years.

Could Elon Musk leave Tesla as CEO? Company chair warns shareholders

A report by Goldman Sachs has said that the artificial intelligence&nbsp;(AI) revolution will require a huge amount of electricity. It also said that the data centers powering the AI revolution will drive power consumption by a whopping 160 percent by 2030.&nbsp;Globally, there had been a flat demand for around a decade. However, the AI revolution will transform the global energy landscape.&nbsp;"Data center power usage is expected to increase by +160 per cent by 2030, driven by energy-intensive AI data centers," the report said.&nbsp;The report also noted that&nbsp;power generation is only one part of the issue. Transmission is also a bottleneck in running new power plants.&nbsp;It also said that in the United States, most data centers are powered by natural gas, as it is abundant in the country.&nbsp;However, challenges in permitting, transmission, and critical supply chains – such as those related to gas turbines – have led to long timelines of around 5-7 years for getting new natural gas plants operational and connected to the grid.&nbsp;It said 60 percent of the data center power demand will have to be fulfilled with new capacity. The new capacity will be built using&nbsp;30 per cent natural gas combined cycle gas turbine (CCGT), 30 per cent natural gas peakers, 27.5 per cent solar, and 12.5 per cent wind.&nbsp;It further said that&nbsp;natural gas remains a key source of power.&nbsp;Big companies are planning to meet their energy demands by&nbsp;combining different power sources. They are also investing in long-term solutions such as nuclear energy, the report noted.&nbsp;The report cited Alphabet's recent agreement with Elementl Power to pre-position three sites for advanced nuclear energy.

A report by Goldman Sachs has said that the artificial intelligence (AI) revolution will require a huge amount of electricity.

A report by Goldman Sachs has said that the artificial intelligence (AI) revolution will require a huge amount of electricity. It also said that the data centers powering the AI revolution will drive power consumption by a whopping 160 percent by 2030. Globally, there had been a flat demand for around a decade. However, the AI revolution will transform the global energy landscape. "Data center power usage is expected to increase by +160 per cent by 2030, driven by energy-intensive AI data centers," the report said. The report also noted that power generation is only one part of the issue. Transmission is also a bottleneck in running new power plants. It also said that in the United States, most data centers are powered by natural gas, as it is abundant in the country. However, challenges in permitting, transmission, and critical supply chains – such as those related to gas turbines – have led to long timelines of around 5-7 years for getting new natural gas plants operational and connected to the grid. It said 60 percent of the data center power demand will have to be fulfilled with new capacity. The new capacity will be built using 30 per cent natural gas combined cycle gas turbine (CCGT), 30 per cent natural gas peakers, 27.5 per cent solar, and 12.5 per cent wind. It further said that natural gas remains a key source of power. Big companies are planning to meet their energy demands by combining different power sources. They are also investing in long-term solutions such as nuclear energy, the report noted. The report cited Alphabet's recent agreement with Elementl Power to pre-position three sites for advanced nuclear energy.

Artificial Intelligence: Big companies are planning to meet their energy demands by&nbsp;combining different power sources. They are also investing in long-term solutions such as nuclear energy, the report noted.

AI to drive data center power demand surge to 160 per cent by 2030: Report

The Indian economy gained momentum in the second quarter of this financial year despite the United States' tariffs against New Delhi, said the finance ministry's&nbsp;Department of Economic Affairs (DEA). A report by the department said that India's economy strengthened in the second quarter of the financial year 2026 despite a&nbsp;global backdrop characterised by economic and trade policy uncertainty.&nbsp;The report added that the acceleration&nbsp;despite external headwinds highlights that the domestic economy is resilient. It also shows that the ongoing structural reforms are effective.&nbsp;The report said that&nbsp;various supply-side high-frequency indicators (HFIs) displayed healthy trends, while demand conditions improved on the back of GST reforms and positive festive season sentiments, which spurred consumption.&nbsp;<h2>What the report said about the Indian economy</h2>It added that on the back of factors&nbsp;like&nbsp;robust domestic demand, favourable monsoon conditions, lower inflation, monetary easing, and the continued benefits of GST reforms, the growth outlook for the remaining quarters remains strong.&nbsp;It also highlighted the growth forecasts by the&nbsp;International Monetary Fund (IMF) and the Reserve Bank of India (RBI) -- 6.5 per cent and 6.8 per cent, respectively.&nbsp;The report said India's trade performance was robust because&nbsp;strong services exports offset the merchandise trade deficit.&nbsp;The report highlighted that an increase in gross FDI inflows was witnessed, which shows that India is an attractive investment destination.&nbsp;The report noted that the lower GST rate is expected to support a positive demand outlook by reducing the tax burden on consumers and businesses.&nbsp;The department warned that&nbsp;global uncertainties could still affect external demand and pose downside risks to growth.&nbsp;To counter these challenges, the implementation of growth-enhancing structural reforms and government initiatives, including GST 2.0, is expected to mitigate the negative effects of global headwinds, it added.

The Indian economy gained momentum in the second quarter of this financial year despite the United States' tariffs against New Delhi, said the finance ministry's Department of Economic Affairs (DEA).

The Indian economy gained momentum in the second quarter of this financial year despite the United States' tariffs against New Delhi, said the finance ministry's Department of Economic Affairs (DEA). A report by the department said that India's economy strengthened in the second quarter of the financial year 2026 despite a global backdrop characterised by economic and trade policy uncertainty. The report added that the acceleration despite external headwinds highlights that the domestic economy is resilient. It also shows that the ongoing structural reforms are effective. The report said that various supply-side high-frequency indicators (HFIs) displayed healthy trends, while demand conditions improved on the back of GST reforms and positive festive season sentiments, which spurred consumption. What the report said about the Indian economy It added that on the back of factors like robust domestic demand, favourable monsoon conditions, lower inflation, monetary easing, and the continued benefits of GST reforms, the growth outlook for the remaining quarters remains strong. It also highlighted the growth forecasts by the International Monetary Fund (IMF) and the Reserve Bank of India (RBI) -- 6.5 per cent and 6.8 per cent, respectively. The report said India's trade performance was robust because strong services exports offset the merchandise trade deficit. The report highlighted that an increase in gross FDI inflows was witnessed, which shows that India is an attractive investment destination. The report noted that the lower GST rate is expected to support a positive demand outlook by reducing the tax burden on consumers and businesses. The department warned that global uncertainties could still affect external demand and pose downside risks to growth. To counter these challenges, the implementation of growth-enhancing structural reforms and government initiatives, including GST 2.0, is expected to mitigate the negative effects of global headwinds, it added.

Indian economy news: The report added that the acceleration&nbsp;despite external headwinds highlights that the domestic economy is resilient.

Indian economy gained momentum despite US tariffs: Govt report

Lenskart Solutions Limited, one of the world's leading eyewear platforms, will bring an initial public offering (IPO) at a price band of Rs 382-402 per share, which is likely to increase the valuation of the firm to&nbsp;Rs 69,676 crore. A host of early investors and promoters are expected&nbsp;to make windfall gains with the IPO.&nbsp;The IPO will be open for subscriptions&nbsp;on October 31. Anchor investors will start the bidding process on October 30, and the issue will close on November 4. The Lenskart IPO will debut on the Indian stock markets on November 10.<h2>How much will Peyush Bansal earn?</h2>According to Money Control, Peyush Bansal, the chairman and managing director of the company, will increase his net worth. He holds 17.32 crore shares, acquired at an average cost of Rs 18.6 per share. This amounts to a 10.28 percent stake in the company. At the upper price band, Bansal's holdings will increase to Rs 6,964 crore.&nbsp;According to ET, he will sell 2.05 crore and will walk away with a whopping Rs 824 crore.&nbsp;The stake of his co-founder and sister, Neha Bansal, who holds 12.83 crore shares, will increase from Rs 98 crore to Rs 5,157 crore.&nbsp;She will offload shares worth Rs 40.62 crore.&nbsp;Fellow co-founders Amit Chaudhary and Sumeet Kapahi's networth will likely grow to Rs 650 crore apiece.&nbsp;SoftBank, Temasek, and Kedaara Capital will also get massive returns. Temasek’s MacRitchie Investments Pte holds 8.19 crore shares at an average price of Rs 97.75 per share. Its values will climb to Rs 3293 crore. SoftBank-backed SVF II Lightbulb (Cayman), which holds 25.35 crore shares at an average acquisition price of Rs 74.26 per share, will see the value of its investments rise to a whopping Rs 10,188 crore.

Lenskart IPO, Peyush Goyal's networth: The IPO will be open for subscriptionson October 31. Anchor investors will start the bidding process on October 30.

Lenskart Solutions Limited, one of the world's leading eyewear platforms, will bring an initial public offering (IPO) at a price band of Rs 382-402 per share, which is likely to increase the valuation of the firm to Rs 69,676 crore. A host of early investors and promoters are expected to make windfall gains with the IPO. The IPO will be open for subscriptions on October 31. Anchor investors will start the bidding process on October 30, and the issue will close on November 4. The Lenskart IPO will debut on the Indian stock markets on November 10. How much will Peyush Bansal earn? According to Money Control, Peyush Bansal, the chairman and managing director of the company, will increase his net worth. He holds 17.32 crore shares, acquired at an average cost of Rs 18.6 per share. This amounts to a 10.28 percent stake in the company. At the upper price band, Bansal's holdings will increase to Rs 6,964 crore. According to ET, he will sell 2.05 crore and will walk away with a whopping Rs 824 crore. The stake of his co-founder and sister, Neha Bansal, who holds 12.83 crore shares, will increase from Rs 98 crore to Rs 5,157 crore. She will offload shares worth Rs 40.62 crore. Fellow co-founders Amit Chaudhary and Sumeet Kapahi's networth will likely grow to Rs 650 crore apiece. SoftBank, Temasek, and Kedaara Capital will also get massive returns. Temasek’s MacRitchie Investments Pte holds 8.19 crore shares at an average price of Rs 97.75 per share. Its values will climb to Rs 3293 crore. SoftBank-backed SVF II Lightbulb (Cayman), which holds 25.35 crore shares at an average acquisition price of Rs 74.26 per share, will see the value of its investments rise to a whopping Rs 10,188 crore.

Lenskart IPO, Peyush Goyal's networth: The IPO will be open for subscriptions&nbsp;on October 31. Anchor investors will start the bidding process on October 30.

Lenskart IPO: How richer will Peyush Bansal get by selling stake?

Tata Consultancy Services, one of India's largest IT companies, has called a UK media report claiming that Marks &amp; Spencer (M&amp;S) ended a USD 1 billion contract with the Indian IT major over cyberattacks, as misleading.&nbsp;The Tata Group company, in a stock exchange filing, said on Sunday evening that The Telegraph article, titled 'M&amp;S ousts Indian outsourcer accused of £300m cyberattack failures', was misleading as it had factual errors.&nbsp;The company said the M&amp;S service desk contract was put through a tender process starting in January 2025. The retailer decided to work with other partners in April 2025, which was before the cyber incident.&nbsp;TCS said the ending of the contract wasn't linked to the attack. It, however, said that the service desk contract was an "insignificant part" of its overall engagement with M&amp;S.&nbsp;The company said in the statement that TCS is still working on numerous areas in its role as a strategic partner for M&amp;S and is "proud of this longstanding partnership".&nbsp;TCS said after the cyber incident, the company had conducted a full scan of its own networks and systems and confirmed that no vulnerabilities originated from its end.&nbsp;It said the company didn't provide cybersecurity to M&amp;S.&nbsp;It added that cybersecurity was being provided by another partner.&nbsp;The cyberattack had caused the British clothes company losses to the tune of GBP 300 million.&nbsp;The news report claims that M&amp;S terminated the contract after the attack. TCS called the report "highly exaggerated and baseless".

TCS-M&amp;S row: The company said in the statement that TCS is still working on numerous areas in its role as a strategic partner for M&amp;S and is "proud of this longstanding partnership".

Tata Consultancy Services, one of India's largest IT companies, has called a UK media report claiming that Marks & Spencer (M&S) ended a USD 1 billion contract with the Indian IT major over cyberattacks, as misleading. The Tata Group company, in a stock exchange filing, said on Sunday evening that The Telegraph article, titled 'M&S ousts Indian outsourcer accused of £300m cyberattack failures', was misleading as it had factual errors. The company said the M&S service desk contract was put through a tender process starting in January 2025. The retailer decided to work with other partners in April 2025, which was before the cyber incident. TCS said the ending of the contract wasn't linked to the attack. It, however, said that the service desk contract was an "insignificant part" of its overall engagement with M&S. The company said in the statement that TCS is still working on numerous areas in its role as a strategic partner for M&S and is "proud of this longstanding partnership". TCS said after the cyber incident, the company had conducted a full scan of its own networks and systems and confirmed that no vulnerabilities originated from its end. It said the company didn't provide cybersecurity to M&S. It added that cybersecurity was being provided by another partner. The cyberattack had caused the British clothes company losses to the tune of GBP 300 million. The news report claims that M&S terminated the contract after the attack. TCS called the report "highly exaggerated and baseless".

TCS-M&amp;S row: The company said in the statement that TCS is still working on numerous areas in its role as a strategic partner for M&amp;S and is "proud of this longstanding partnership".

Did M&S cancel the TCS contract due to a cyber attack? Firm clarifies

The Supreme Court of India on Monday allowed the Central government to reconsider the issue of&nbsp;additional adjusted gross revenue (AGR) demands raised by the Department of Telecommunications (DoT) with Vodafone Idea for the financial year 2016-2017. Following the court's action, the company's shares rose on the Indian stock market.&nbsp;The court allowed&nbsp;the review after the Centre submitted that it would examine and review the concerns raised by the telecom firm.&nbsp;The Central government informed the Supreme Court that it holds a 49 per&nbsp;cent&nbsp;stake in Vodafone Idea, which provides services to around 20 crore customers.&nbsp;The court found the matter in the realm of&nbsp;the policy domain of the government.&nbsp;The company had moved the court, claiming that there were errors in the computation of AGR dues. It claims that these errors led to the duplication of entries, which resulted in additional AGR dues demands by DoT.<h2>What's AGR?</h2>AGR, or adjusted gross revenue, is the usage&nbsp;and&nbsp;licensing fee that telecom operators are required to pay to the Department of Telecommunications.&nbsp;It is calculated based on the operators' gross revenue, which includes both telecom and non-telecom income.&nbsp;The telecom companies used to say that revenue earned from core telecom operations should only attract the fees to the DoT.&nbsp;DoT says that all revenues, including rent, dividends, and interest, should be counted in the revenue on which taxes are calculated.&nbsp;These companies had moved against the DoT's demand for AGR dues. In 2019, however, the&nbsp;Supreme Court directed telecom companies to pay the adjusted dues to the government department. However, the next year, the court&nbsp;allowed telecom companies to pay AGR dues over a period of 10 years, with a payment plan of 10 per cent every year.&nbsp;In 2021, the court&nbsp;dismissed pleas by telecom majors, including Bharti Airtel and Vodafone Idea, seeking correction of errors in the calculation of AGR dues.&nbsp;Now, after Monday's order, the central government can consider easing the financial burden on&nbsp;Vodafone Idea.<h2>Vodafone Idea stock performance</h2>Meanwhile, Vodafone Idea's&nbsp;shares gained 13.3 per cent&nbsp;from the day's low to hit a fresh 52-week high of Rs 10.52 on the National Stock Exchange. The stock had opened in the red, at Rs 9.28, a low of 2 per cent.

The Supreme Court of India on Monday allowed the Central government to reconsider the issue of additional adjusted gross revenue (AGR) demands raised by the Department of Telecommunications (DoT) with Vodafone Idea for the financial year 2016-2017.

The Supreme Court of India on Monday allowed the Central government to reconsider the issue of additional adjusted gross revenue (AGR) demands raised by the Department of Telecommunications (DoT) with Vodafone Idea for the financial year 2016-2017. Following the court's action, the company's shares rose on the Indian stock market. The court allowed the review after the Centre submitted that it would examine and review the concerns raised by the telecom firm. The Central government informed the Supreme Court that it holds a 49 per cent stake in Vodafone Idea, which provides services to around 20 crore customers. The court found the matter in the realm of the policy domain of the government. The company had moved the court, claiming that there were errors in the computation of AGR dues. It claims that these errors led to the duplication of entries, which resulted in additional AGR dues demands by DoT. What's AGR? AGR, or adjusted gross revenue, is the usage and licensing fee that telecom operators are required to pay to the Department of Telecommunications. It is calculated based on the operators' gross revenue, which includes both telecom and non-telecom income. The telecom companies used to say that revenue earned from core telecom operations should only attract the fees to the DoT. DoT says that all revenues, including rent, dividends, and interest, should be counted in the revenue on which taxes are calculated. These companies had moved against the DoT's demand for AGR dues. In 2019, however, the Supreme Court directed telecom companies to pay the adjusted dues to the government department. However, the next year, the court allowed telecom companies to pay AGR dues over a period of 10 years, with a payment plan of 10 per cent every year. In 2021, the court dismissed pleas by telecom majors, including Bharti Airtel and Vodafone Idea, seeking correction of errors in the calculation of AGR dues. Now, after Monday's order, the central government can consider easing the financial burden on Vodafone Idea. Vodafone Idea stock performance Meanwhile, Vodafone Idea's shares gained 13.3 per cent from the day's low to hit a fresh 52-week high of Rs 10.52 on the National Stock Exchange. The stock had opened in the red, at Rs 9.28, a low of 2 per cent.

Vodafone Idea case: The court allowed&nbsp;the review after the Centre submitted that it would examine and review the concerns raised by the telecom firm.

Vodafone Idea case: SC allows Centre to reconsider AGR dues; firm's share prices rise

The demands of backend systems in the fast-paced digital world today have changed immensely. It is no longer enough for enterprise systems to merely be operational; they have to be resilient, scalable, and secure, particularly when handling sensitive information or serving millions of distributed transactions. As businesses across industries, from telecom to SaaS, struggle with cloud migration, microservices overhaul, and regulatory compliance, the activities of backend engineers are progressively setting the pace for frontline innovation. No place is this more evident than in spaces such as external identity verification, revenue intelligence, and test data governance—spaces where system availability, compliance, and throughput matter most.Mahesh Mokale has played a pivotal role in driving this change from the backend. Reportedly, Mahesh spearheaded architectural re-engineering of an external identity-verified fault-tolerant microservices platform, removing single points of failure critical to the system and increasing the system's capacity for handling millions of secure requests in real-time. From the architect's table, his efforts introduced modular service templates and pluggable components, speeding up integration with geographically dispersed third-party vendors. "If a system can't scale without falling apart, it isn't production-ready," Mahesh has observed in discussions with colleagues about technical issues. In addition, his focus on privacy-by-design capabilities—tokenisation and audit logging among them—allowed systems to be certified for high-stakes security requirements like HIPAA and GDPR without degrading performance.According to reports, one of Mahesh's most notable contributions was the migration of existing monolithic components into containerised microservices with Docker and Kubernetes. This transition not only enhanced scalability but also resulted in efficient resource utilisation and cost savings in cloud environments. His incorporation of Kafka and Redis into asynchronous processing pipelines reportedly increased system throughput by three times during high loads, showcasing how careful application of caching and decoupling helps deliver dramatic operational improvements.To this, his replatforming of a revenue intelligence engine that was originally developed on tightly coupled legacy architecture achieved a 60 per cent boost in system throughput and a 40 per cent decrease in data latency. His disciplined approach to schema evolution, backward compatibility, and Kafka-based decoupling provided zero downtime in the transition—a hard requirement for real-time media analytics platforms. According to internal tests, the success of this project set the bar for future modernisation projects.One of the common issues he faced was the absence of observability in distributed systems. He resolved this by incorporating the ELK stack and correlation ID-based tracing, reducing incident resolution times to half and providing ops teams with real-time visibility into system behaviour. "Designing for failure, not perfection, is what distinguishes a resilient system from a fragile one," he said in an engineering review.With a professionally acquired Master's in Computer Science, his academic background is the foundation for his firm grasp of software architecture and cloud-native design patterns. Having worked through the years on key platforms in telecom, media, and enterprise SaaS, he has not just developed fault-tolerant systems but has also established best practices in CI/CD, security scanning, and rollback automation.While backend systems remain the bedrock of trustworthiness in today's digital systems, experts such as Mahesh Mokale are working behind the scenes to redefine what it takes to engineer trust, continuity, and high performance under adversity.&nbsp;

One of Mahesh's most notable contributions was the migration of existing monolithic components into containerised microservices with Docker and Kubernetes. 

The demands of backend systems in the fast-paced digital world today have changed immensely. It is no longer enough for enterprise systems to merely be operational; they have to be resilient, scalable, and secure, particularly when handling sensitive information or serving millions of distributed transactions. As businesses across industries, from telecom to SaaS, struggle with cloud migration, microservices overhaul, and regulatory compliance, the activities of backend engineers are progressively setting the pace for frontline innovation. No place is this more evident than in spaces such as external identity verification, revenue intelligence, and test data governance—spaces where system availability, compliance, and throughput matter most. Mahesh Mokale has played a pivotal role in driving this change from the backend. Reportedly, Mahesh spearheaded architectural re-engineering of an external identity-verified fault-tolerant microservices platform, removing single points of failure critical to the system and increasing the system's capacity for handling millions of secure requests in real-time. From the architect's table, his efforts introduced modular service templates and pluggable components, speeding up integration with geographically dispersed third-party vendors. "If a system can't scale without falling apart, it isn't production-ready," Mahesh has observed in discussions with colleagues about technical issues. In addition, his focus on privacy-by-design capabilities—tokenisation and audit logging among them—allowed systems to be certified for high-stakes security requirements like HIPAA and GDPR without degrading performance. According to reports, one of Mahesh's most notable contributions was the migration of existing monolithic components into containerised microservices with Docker and Kubernetes. This transition not only enhanced scalability but also resulted in efficient resource utilisation and cost savings in cloud environments. His incorporation of Kafka and Redis into asynchronous processing pipelines reportedly increased system throughput by three times during high loads, showcasing how careful application of caching and decoupling helps deliver dramatic operational improvements. To this, his replatforming of a revenue intelligence engine that was originally developed on tightly coupled legacy architecture achieved a 60 per cent boost in system throughput and a 40 per cent decrease in data latency. His disciplined approach to schema evolution, backward compatibility, and Kafka-based decoupling provided zero downtime in the transition—a hard requirement for real-time media analytics platforms. According to internal tests, the success of this project set the bar for future modernisation projects. One of the common issues he faced was the absence of observability in distributed systems. He resolved this by incorporating the ELK stack and correlation ID-based tracing, reducing incident resolution times to half and providing ops teams with real-time visibility into system behaviour. "Designing for failure, not perfection, is what distinguishes a resilient system from a fragile one," he said in an engineering review. With a professionally acquired Master's in Computer Science, his academic background is the foundation for his firm grasp of software architecture and cloud-native design patterns. Having worked through the years on key platforms in telecom, media, and enterprise SaaS, he has not just developed fault-tolerant systems but has also established best practices in CI/CD, security scanning, and rollback automation. While backend systems remain the bedrock of trustworthiness in today's digital systems, experts such as Mahesh Mokale are working behind the scenes to redefine what it takes to engineer trust, continuity, and high performance under adversity.

One of Mahesh's most notable contributions was the migration of existing monolithic components into containerised microservices with Docker and Kubernetes.&nbsp;

The silent backbone of scalable application: Meet the expert making software unbreakable

Ontario Premier Doug Ford on X announced that he planned to run an ad featuring a 1987 speech by Ronald Reagan, the same speech that led to US President Donald Trump suspending all trade negotiations with Canada. Ford, on X, announced that he had "directed his team to keep putting our message in front of Americans over the weekend so that we can air our commercial during the first two World Series games" (Oct 25 and 26). However, he said that after talks with Prime Minister Mark Carney, Ontario has decided to "pause its US advertising campaign effective Monday" (Oct 27) so that the trade talks between the US and Canada could resume.Also read | <a href="https://www.wionews.com/trending/steve-bannon-insists-trump-needs-one-more-term-hints-at-secret-plan-for-trump-2028-comeback-1761288412586">Steve Bannon insists Trump 'needs one more term,' hints at secret plan for 'Trump 2028' comeback</a><h2>Why did Trump stop US-Canada trade talks?</h2>The trade relationship between the United States and Canada took an unexpected turn this week, after a decades-old speech by former US president Ronald Reagan triggered a diplomatic storm. It began when Ontario Premier Doug Ford ran an ad in US markets featuring Reagan’s 1987 remarks denouncing tariffs. The video, meant to celebrate cross-border unity, quickly caught Donald Trump’s attention — and his fury. Within hours, Trump announced that all US trade talks with Canada were “terminated.”Soon after, speaking on X, Ford sought to strike a conciliatory tone. "Canada and the United States are friends, neighbours and allies. President Ronald Reagan knew that we are stronger together," he wrote. But the backlash from Washington grew so intense that Ford later said, after consulting Prime Minister Mark Carney, he would pull the ad campaign by Monday.

<blockquote class="twitter-tweet">Canada and the United States are friends, neighbours and allies. President Ronald Reagan knew that we are stronger together. God bless Canada and God bless the United States.<a href="https://t.co/n1Nj6ofNZU">https://t.co/n1Nj6ofNZU</a>&mdash; Doug Ford (@fordnation) <a href="https://twitter.com/fordnation/status/1981694254687904184?ref_src=twsrc%5Etfw">October 24, 2025</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

"Our intention was always to initiate a conversation about the kind of economy that Americans want to build and the impact of tariffs on workers and businesses," Ford said. “We've achieved our goal, having reached US audiences at the highest levels.”

<blockquote class="twitter-tweet">Our intention was always to initiate a conversation about the kind of economy that Americans want to build and the impact of tariffs on workers and businesses. We&#39;ve achieved our goal, having reached U.S. audiences at the highest levels. I&#39;ve directed my team to keep putting our…&mdash; Doug Ford (@fordnation) <a href="https://twitter.com/fordnation/status/1981789712516858293?ref_src=twsrc%5Etfw">October 24, 2025</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

The one-minute ad featured Reagan saying that "trade barriers hurt every American worker." But Trump accused Canada of running a "fake" and "fraudulent" video, and without offering any evidence to back the claim, declared all trade negotiations suspended. US Secretary of State Marco Rubio added fuel, claiming the clip took Reagan’s words "out of context." The Reagan Foundation joined the criticism, saying Ontario used Reagan’s remarks without permission and "misrepresents" his intent.Also read | <a href="https://www.wionews.com/world/-we-re-just-gonna-kill-them-trump-says-won-t-seek-congress-before-strikes-venezuela-urges-no-crazy-war-please-1761271095909">'We're just gonna kill them': Trump says won't seek Congress nod before striking Venezuela; Maduro pleads 'No crazy war, please!'</a><h2>Canada defends ad</h2>Ford's office, however, countered that the ad used "an unedited excerpt from one of Reagan’s public addresses, which is available through public domain" and posted a longer version online for transparency.Even as the spat escalated, some US lawmakers came to Ford’s defence. Members of the House Ways and Means Committee reposted the ad. "This is the ad that drove Trump to cancel all trade talks with Canada," the committee posted on social media, adding, "Unlike Trump’s AI slop, this is real and uses Reagan’s own words on tariffs."

Ontario Premier Doug Ford has decided to pause a US ad campaign using Ronald Reagan’s 1987 speech on tariffs after it triggered a diplomatic row. However, he said that the ad will air on THESE days. 

Ontario Premier Doug Ford on X announced that he planned to run an ad featuring a 1987 speech by Ronald Reagan, the same speech that led to US President Donald Trump suspending all trade negotiations with Canada. Ford, on X, announced that he had "directed his team to keep putting our message in front of Americans over the weekend so that we can air our commercial during the first two World Series games" (Oct 25 and 26). However, he said that after talks with Prime Minister Mark Carney, Ontario has decided to "pause its US advertising campaign effective Monday" (Oct 27) so that the trade talks between the US and Canada could resume. Also read | Steve Bannon insists Trump 'needs one more term,' hints at secret plan for 'Trump 2028' comeback Why did Trump stop US-Canada trade talks? The trade relationship between the United States and Canada took an unexpected turn this week, after a decades-old speech by former US president Ronald Reagan triggered a diplomatic storm. It began when Ontario Premier Doug Ford ran an ad in US markets featuring Reagan’s 1987 remarks denouncing tariffs. The video, meant to celebrate cross-border unity, quickly caught Donald Trump’s attention — and his fury. Within hours, Trump announced that all US trade talks with Canada were “terminated.” Soon after, speaking on X, Ford sought to strike a conciliatory tone. "Canada and the United States are friends, neighbours and allies. President Ronald Reagan knew that we are stronger together," he wrote. But the backlash from Washington grew so intense that Ford later said, after consulting Prime Minister Mark Carney, he would pull the ad campaign by Monday.

Ontario Premier Doug Ford has decided to pause a US ad campaign using Ronald Reagan’s 1987 speech on tariffs after it triggered a diplomatic row. However, he said that the ad will air on THESE days.&nbsp;

Canada to continue airing controversial Ronald Reagan ad? Ontario Premier said THIS after Trump suspended trade talks

The European Union has accused social media companies Meta and TikTok of violating the bloc's digital content rules. The European Commission said on Friday that Meta's Facebook and Instagram platforms and TikTok breached the Digital Services Act (DSA). This is the first time the panel has&nbsp;accused the Mark Zuckerberg-led company of breaching the law.&nbsp;The European Union's rules require tech companies to stop the spread of illegal content and ensure that the digital markets follow free competition rules.&nbsp;The announcement also includes Chinese-owned ByteDance.&nbsp;The move can anger US President Donald Trump, who often threatens countries with fresh tariffs if they harm American technology.&nbsp;The European Union said in its preliminary view that Meta and TikTok were failing to grant researchers "adequate access to public data".&nbsp;It said that the rules require the platforms to allow researchers&nbsp;to carry out essential work, such as understanding how much children are exposed to dangerous content on popular platforms, AFP reported.&nbsp;In a statement, TikTok said it is reviewing the European Commission's findings. It said that the requirements to ease data safeguards place the DSA and GDPR in direct tension.&nbsp;It said it isn't possible to comply with both. It said the EU must give clarity on how these obligations can be reconciled with each other.<h2>What the EU said on the alleged violation of rules</h2>The European Union has said that Meta's platforms, including Facebook and Instagram, were not providing user-friendly mechanisms to flag illegal content.It also accused the platforms of employing dark patterns.&nbsp;"Such practices can be confusing and dissuading," the commission said.Meta said it hadn't breached the DSA.&nbsp;&nbsp;"In the European Union, we have introduced changes to our content reporting options, appeals process, and data access tools since the DSA came into force, and we are confident that these solutions match what is required under the law," it added.

The European Union has accused social media companies Meta and TikTok of violating the bloc's digital content rules. 

The European Union has accused social media companies Meta and TikTok of violating the bloc's digital content rules. The European Commission said on Friday that Meta's Facebook and Instagram platforms and TikTok breached the Digital Services Act (DSA). This is the first time the panel has accused the Mark Zuckerberg-led company of breaching the law. The European Union's rules require tech companies to stop the spread of illegal content and ensure that the digital markets follow free competition rules. The announcement also includes Chinese-owned ByteDance. The move can anger US President Donald Trump, who often threatens countries with fresh tariffs if they harm American technology. The European Union said in its preliminary view that Meta and TikTok were failing to grant researchers "adequate access to public data". It said that the rules require the platforms to allow researchers to carry out essential work, such as understanding how much children are exposed to dangerous content on popular platforms, AFP reported. In a statement, TikTok said it is reviewing the European Commission's findings. It said that the requirements to ease data safeguards place the DSA and GDPR in direct tension. It said it isn't possible to comply with both. It said the EU must give clarity on how these obligations can be reconciled with each other. What the EU said on the alleged violation of rules The European Union has said that Meta's platforms, including Facebook and Instagram, were not providing user-friendly mechanisms to flag illegal content. It also accused the platforms of employing dark patterns. "Such practices can be confusing and dissuading," the commission said. Meta said it hadn't breached the DSA. "In the European Union, we have introduced changes to our content reporting options, appeals process, and data access tools since the DSA came into force, and we are confident that these solutions match what is required under the law," it added.

EU vs Meta: The European Union's rules require tech companies to stop the spread of illegal content and ensure that the digital markets follow free competition rules.

European Union accuses Meta, TikTok of breaking digital content rules

The Securities and Exchange Board of India (SEBI), the country's markets regulator, has banned mutual funds from participating in pre-IPO placements of equity shares and related instruments. The market regulator has only allowed them to invest in the Anchor investor portion or the public&nbsp;issue of an IPO.&nbsp;In a letter to the Association of Mutual Funds in India (AMFI), SEBI, citing rules, said that all investments by mutual fund schemes in equity shares and equity-related instruments must be made only in listed securities. The rules extend to securities that are scheduled to be listed, reported Money Control.&nbsp;The clarification came in response to queries as to can mutual funds can participate in pre-IPO placements. The market regulator warned that participating in pre-IPO placements can lead to mutual funds holding unlisted shares in case the IPO is delayed or cancelled. It said such a situation would breach regulatory norms for mutual funds.&nbsp;“If the schemes of the Mutual Funds are allowed to participate in pre-IPO placements, they may end up holding unlisted equity shares in case the issue or listing cannot be concluded for any reason, which would not comply with the said clause,” SEBI said.&nbsp;It said that IPOs of equity shares and equity-related instruments, schemes of Mutual Funds, can only participate in the Anchor Investor portion or in the public issue.&nbsp;This move could rattle some mutual funds as pre-IPO positions get them stocks at good prices. SEBI is concerned that in case the money is locked in, it could create liquidity issues for mutual funds. However, mutual funds argue that disclosure norms can be used as a stress test for liquidity.&nbsp;A senior official told MC that mutual funds investing in pre-IPO placements can pose a risk.&nbsp;&nbsp;"Imagine a fund manager invests trusting a promoter who promises a listing that later doesn’t happen — how will those unlisted shares be treated in the scheme?” the officer told the website.&nbsp;A market manager told MC that keeping mutual funds out of the pre-IPO placements is not ideal, as other well-regulated institutional investors are allowed to participate.

The Securities and Exchange Board of India (SEBI), the country's markets regulator, has banned mutual funds from participating in pre-IPO placements of equity shares and related instruments.

The Securities and Exchange Board of India (SEBI), the country's markets regulator, has banned mutual funds from participating in pre-IPO placements of equity shares and related instruments. The market regulator has only allowed them to invest in the Anchor investor portion or the public issue of an IPO. In a letter to the Association of Mutual Funds in India (AMFI), SEBI, citing rules, said that all investments by mutual fund schemes in equity shares and equity-related instruments must be made only in listed securities. The rules extend to securities that are scheduled to be listed, reported Money Control. The clarification came in response to queries as to can mutual funds can participate in pre-IPO placements. The market regulator warned that participating in pre-IPO placements can lead to mutual funds holding unlisted shares in case the IPO is delayed or cancelled. It said such a situation would breach regulatory norms for mutual funds. “If the schemes of the Mutual Funds are allowed to participate in pre-IPO placements, they may end up holding unlisted equity shares in case the issue or listing cannot be concluded for any reason, which would not comply with the said clause,” SEBI said. It said that IPOs of equity shares and equity-related instruments, schemes of Mutual Funds, can only participate in the Anchor Investor portion or in the public issue. This move could rattle some mutual funds as pre-IPO positions get them stocks at good prices. SEBI is concerned that in case the money is locked in, it could create liquidity issues for mutual funds. However, mutual funds argue that disclosure norms can be used as a stress test for liquidity. A senior official told MC that mutual funds investing in pre-IPO placements can pose a risk. "Imagine a fund manager invests trusting a promoter who promises a listing that later doesn’t happen — how will those unlisted shares be treated in the scheme?” the officer told the website. A market manager told MC that keeping mutual funds out of the pre-IPO placements is not ideal, as other well-regulated institutional investors are allowed to participate.

Securities and Exchange Board of India's mutual fund move: In a letter to the Association of Mutual Funds in India (AMFI), SEBI, citing rules, said that all investments by mutual fund schemes in equity shares and equity-related instruments must be made only in listed securities.

SEBI issues pre-IPO placement clarification for mutual funds | Check details

Goldman Sachs has sought to ease apprehensions of an AI investment bubble, saying the current situation differs fundamentally from past bubbles like the dot-com crash. The American investment bank made the observation in a report amid concerns raised by experts that the&nbsp;AI boom is beginning to show bubble-like features, such as rapid investment flows, high valuations, and speculative enthusiasm.&nbsp;The report said some features of the current situation resemble past bubbles,&nbsp;public market valuations and capital market activity levels remain below their Dot-Com peaks.<h2>What the report said</h2>Eric Sheridan, Kash Rangan, Peter Oppenheimer, and Ryan Hammond said in the report that the US tech sector isn't a bubble as of now. However, there are reasons to be cautious.&nbsp;The report noted that there is a large gap between&nbsp;public market valuations and the higher valuations seen in private markets.&nbsp;It said that currently, only a few technology giants are dominating the AI space with massive investments and increasing valuations on the markets. During the previous bubbles, there had been&nbsp;intense competition when investors and new entrants rushed into the market. The report, however, says that as of now, the competition in the AI space is increasing, but only the established players are leading the wave of growth.&nbsp;It said the present scenario resembles past bubbles. A&nbsp;sharp rise in absolute valuations, high market concentration, greater capital intensity among leading companies, and the rise of vendor financing are some of the traits of the bubble.&nbsp;The size, speed, and circular nature of recent AI investment announcements have raised questions about the sustainability of AI capital expenditure, it added.&nbsp;It said the current levels of investment are sustainable for now.&nbsp;It, however, said that it has become less clear now that companies making AI investments will emerge as winners in this sector.

Goldman Sachs has sought to ease apprehensions of an AI investment bubble, saying the current situation differs fundamentally from past bubbles like the dot-com crash.

Goldman Sachs has sought to ease apprehensions of an AI investment bubble, saying the current situation differs fundamentally from past bubbles like the dot-com crash. The American investment bank made the observation in a report amid concerns raised by experts that the AI boom is beginning to show bubble-like features, such as rapid investment flows, high valuations, and speculative enthusiasm. The report said some features of the current situation resemble past bubbles, public market valuations and capital market activity levels remain below their Dot-Com peaks. What the report said Eric Sheridan, Kash Rangan, Peter Oppenheimer, and Ryan Hammond said in the report that the US tech sector isn't a bubble as of now. However, there are reasons to be cautious. The report noted that there is a large gap between public market valuations and the higher valuations seen in private markets. It said that currently, only a few technology giants are dominating the AI space with massive investments and increasing valuations on the markets. During the previous bubbles, there had been intense competition when investors and new entrants rushed into the market. The report, however, says that as of now, the competition in the AI space is increasing, but only the established players are leading the wave of growth. It said the present scenario resembles past bubbles. A sharp rise in absolute valuations, high market concentration, greater capital intensity among leading companies, and the rise of vendor financing are some of the traits of the bubble. The size, speed, and circular nature of recent AI investment announcements have raised questions about the sustainability of AI capital expenditure, it added. It said the current levels of investment are sustainable for now. It, however, said that it has become less clear now that companies making AI investments will emerge as winners in this sector.

Artificial intelligence investment spree creating a bubble? The report noted that there is a large gap between&nbsp;public market valuations and the higher valuations seen in private markets.&nbsp;

AI investments part of a bubble? Goldman Sachs report differs from popular assertion

Samsung's foundry business has bagged orders from giants like Tesla and Apple for its AI5 chip, which will be mass-produced in 2026. The company has also entered into a contract for manufacturing the next-generation AI6 chips.&nbsp;Tesla CEO Elon Musk said that the AI5 chip will be manufactured by Samsung in Texas and TSMC in Arizona. The chips had previously been expected to be produced solely by TSMC.&nbsp;Elon Musk said that Tesla wants an oversupply of AI5 chips. The chips will be used in cars as well as robots, he added.&nbsp;In July, Elon Musk announced on X that Samsung would be producing Tesla's AI6 chip. After entering the USD 16.5 billion agreement, Tesla became the company's chip division's largest single client.&nbsp;The AI6 chips will be produced from 2027-2028 to 2033.&nbsp;Amid pressure due to geopolitics, companies want to reduce their dependence on Taiwan-based TSMC. This is because they want to ensure their chip supply.&nbsp;After TMSC, Samsung, the South Korean giant, is the only company that can produce advanced chips at the 2-nanometer level.&nbsp;Samsung has also entered chip deals with Apple and Nintendo, providing a fillip to the company's chip business that had been lagging in the last few years.&nbsp;The foundry division's quarterly losses, which hovered around 2 trillion won in the first half, are estimated to have narrowed to the low 1-trillion-won range in the third quarter.Once Samsung begins supplying both mobile chips for next year's Galaxy S26 smartphones and Tesla's AI5 chips, the company's deficit could fall below 1 trillion won.&nbsp;The company's foundry business is expected to return to profitability in late 2027.Samsung plans to supply chips optimized for the power efficiency and performance of Apple products, including iPhones.&nbsp;It is also manufacturing the main chips designed by Nvidia for the popular Nintendo Switch 2 gaming console.

Samsung's foundry business has bagged orders from giants like Tesla and Apple for its AI5 chip, which will be mass-produced in 2026.

Samsung's foundry business has bagged orders from giants like Tesla and Apple for its AI5 chip, which will be mass-produced in 2026. The company has also entered into a contract for manufacturing the next-generation AI6 chips. Tesla CEO Elon Musk said that the AI5 chip will be manufactured by Samsung in Texas and TSMC in Arizona. The chips had previously been expected to be produced solely by TSMC. Elon Musk said that Tesla wants an oversupply of AI5 chips. The chips will be used in cars as well as robots, he added. In July, Elon Musk announced on X that Samsung would be producing Tesla's AI6 chip. After entering the USD 16.5 billion agreement, Tesla became the company's chip division's largest single client. The AI6 chips will be produced from 2027-2028 to 2033. Amid pressure due to geopolitics, companies want to reduce their dependence on Taiwan-based TSMC. This is because they want to ensure their chip supply. After TMSC, Samsung, the South Korean giant, is the only company that can produce advanced chips at the 2-nanometer level. Samsung has also entered chip deals with Apple and Nintendo, providing a fillip to the company's chip business that had been lagging in the last few years. The foundry division's quarterly losses, which hovered around 2 trillion won in the first half, are estimated to have narrowed to the low 1-trillion-won range in the third quarter. Once Samsung begins supplying both mobile chips for next year's Galaxy S26 smartphones and Tesla's AI5 chips, the company's deficit could fall below 1 trillion won. The company's foundry business is expected to return to profitability in late 2027. Samsung plans to supply chips optimized for the power efficiency and performance of Apple products, including iPhones. It is also manufacturing the main chips designed by Nvidia for the popular Nintendo Switch 2 gaming console.

Samsung-Tesla deal: Elon Musk said that Tesla wants an oversupply of AI5 chips. The chips will be used in cars as well as robots, he added.

Samsung's foundry business looks at profitability with Tesla, Apple deals | Details

Major investors are bracing for a market correction by shifting away from stocks that have been riding on the perceived artificial&nbsp;intelligence bubble. This strategy helped many investors survive the late 1990s' dotcom crash.&nbsp;&nbsp;The stocks of many AI giants have doubled over the past few years. For instance, AI chipmaker Nvidia, which used to cater to a niche market of graphics cards before the AI boom swept global markets, is enjoying a valuation of beyond $4 trillion. As many experts believe&nbsp;that the AI bubble is bound to burst, professional investors have been attempting to find ways to make money from the bull market while avoiding excessive risk.<h2>How are investors tweaking investment strategies to avoid the expected AI bubble burst</h2>Francesco Sandrini, multi-asset head and Italy CIO at Europe’s largest asset manager, Amundi, told Reuters that what the company is trying to achieve worked between 1998 and 2000, when the dot-com bubble burst, leading to a massive market correction.&nbsp;He said there are signs of irrational exuberance on Wall Street. He said his firm is trying to tap into the highest growth opportunities that so far the market has failed to spot, including software groups, robotics and Asian tech.&nbsp;Goshawk Asset Management CIO Simon Edelsten says that the odds of the AI boom being a bust are very high. He said that the companies are spending trillions of dollars in a market that does not yet exist. He, however, said that the next wave of AI spending will spread to allied sectors, spreading away from tech giants like Nvidia and Microsoft.&nbsp;Experts said that stocks linked to IT consultants and Japanese robotics groups can potentially pick up revenues from AI heavyweights.&nbsp;"When someone strikes gold, buy the local hardware store where the prospectors will buy all their shovels," said an expert.&nbsp;Investors are also exploring the option of benefiting from tech giants like Amazon and Microsoft without risking direct exposure. These companies are planning to build a mega AI infrastructure, like AI data centres and advanced chip manufacturing facilities. Instead of investing directly in these companies, investors are looking for firms linked to creating this infrastructure.&nbsp;Fidelity International multi-asset manager Becky Qin said uranium was her favoured new AI trade because power-hungry AI data centres could gobble up nuclear energy.&nbsp;Kevin Thozet, investment committee member at asset manager Carmignac, said that his firm is exploring taking positions in firms like Taiwan's Gudeng Precision, which makes delivery boxes for AI chipmakers, including TSMC.&nbsp;&nbsp;Many experts believe that Chinese stocks can be used as a hedge, as the country is expected to make rapid advancements in artificial intelligence.

Major investors are bracing for a market correction by shifting away from stocks riding on the perceived artificial intelligence bubble. This strategy helped many investors survive the 1990s dotcom crash.

Major investors are bracing for a market correction by shifting away from stocks that have been riding on the perceived artificial intelligence bubble. This strategy helped many investors survive the late 1990s' dotcom crash. The stocks of many AI giants have doubled over the past few years. For instance, AI chipmaker Nvidia, which used to cater to a niche market of graphics cards before the AI boom swept global markets, is enjoying a valuation of beyond $4 trillion. As many experts believe that the AI bubble is bound to burst, professional investors have been attempting to find ways to make money from the bull market while avoiding excessive risk. How are investors tweaking investment strategies to avoid the expected AI bubble burst Francesco Sandrini, multi-asset head and Italy CIO at Europe’s largest asset manager, Amundi, told Reuters that what the company is trying to achieve worked between 1998 and 2000, when the dot-com bubble burst, leading to a massive market correction. He said there are signs of irrational exuberance on Wall Street. He said his firm is trying to tap into the highest growth opportunities that so far the market has failed to spot, including software groups, robotics and Asian tech. Goshawk Asset Management CIO Simon Edelsten says that the odds of the AI boom being a bust are very high. He said that the companies are spending trillions of dollars in a market that does not yet exist. He, however, said that the next wave of AI spending will spread to allied sectors, spreading away from tech giants like Nvidia and Microsoft. Experts said that stocks linked to IT consultants and Japanese robotics groups can potentially pick up revenues from AI heavyweights. "When someone strikes gold, buy the local hardware store where the prospectors will buy all their shovels," said an expert. Investors are also exploring the option of benefiting from tech giants like Amazon and Microsoft without risking direct exposure. These companies are planning to build a mega AI infrastructure, like AI data centres and advanced chip manufacturing facilities. Instead of investing directly in these companies, investors are looking for firms linked to creating this infrastructure. Fidelity International multi-asset manager Becky Qin said uranium was her favoured new AI trade because power-hungry AI data centres could gobble up nuclear energy. Kevin Thozet, investment committee member at asset manager Carmignac, said that his firm is exploring taking positions in firms like Taiwan's Gudeng Precision, which makes delivery boxes for AI chipmakers, including TSMC. Many experts believe that Chinese stocks can be used as a hedge, as the country is expected to make rapid advancements in artificial intelligence.

Artificial Intelligence news: Experts say the next wave of AI spending will spread to allied sectors, spreading away from Nvidia and Microsoft.

How are investors tweaking investment strategies to limit exposure to the expected AI bubble burst

Russian former president Dmitry Medvedev on Thursday (Oct 23) labelled the United States "enemy" even as the current President Vladimir Putin warned his American counterpart Donald Trump that Moscow would never bow down to US pressure. The strong statements come as the US on Wednesday (Oct 22) imposed sanctions against the two biggest Russian oil companies, citing Putin's "refusal to end this senseless war" in Ukraine. The sanctions on Rosneft and Lukoil also target nearly three dozen of their subsidiaries, which led to an almost immediate five per cent jump in oil prices.<h2>Russia takes a strong stance against the US</h2>Russian President Vladimir Putin on Thursday remained defiant and vowed that Moscow would never bow to US pressure, even as he admitted that Washington’s new sanctions could cause “some losses” to Russia’s economy.Also read | <a href="https://www.wionews.com/world/-we-did-not-use-american-long-range-weapons-on-russia-zelensky-1761248995166">‘We did not use American long-range weapons on Russia’: Zelensky</a>Slamming the latest US sanctions that aim to choke off the Kremlin’s energy revenues and force it to negotiate over the war in Ukraine, Putin said that it was an "unfriendly act that does nothing to strengthen Russian-American relations". He insisted that the "attempt to put pressure on Russia" was futile, adding, "No self-respecting country ever does anything under pressure".Conceding that "some losses are expected" from the measures. Putin suggested that Trump should take a hard look at "who his administration is really working for" when advisers urge him to impose sanctions on Russian oil.<h2>Putin warns Trump</h2>The new sanctions—the first against Moscow since Donald Trump returned to the White House in January—immediately pushed global oil prices up 5 per cent. The EU also agreed on a phased ban on Russian liquefied natural gas imports.Also read | <a href="https://www.wionews.com/world/-purely-counterproductive-russia-fumes-over-trump-sanctions-on-its-oil-companies-1761230271142">‘Counterproductive’: Russia fumes over Trump sanctions on its oil companies</a>Putin warned that the move would backfire by raising global prices. He also cautioned that Russia's response would be “very strong, if not overwhelming,” if attacked with US-made Tomahawk missiles, which Ukraine has been lobbying Washington to supply.Former Russian president Dmitry Medvedev on social media called the US measures an "act of war", accusing Washington of abandoning diplomacy. "The US is our enemy," Medvedev wrote. "Its talkative ‘peacemaker’ has now fully embarked on a path of war against Russia."Putin, however, struck a more measured tone, saying he remained open to dialogue with Trump. "Dialogue is always better than war," he said, adding that the planned Budapest summit between the two leaders would likely be postponed.<h2>India, China cut down on Russian oil purchases?</h2>According to AFP, there were early signs that Russia's two biggest buyers—China and India—were reacting to the sanctions. Reliance Industries, India’s largest importer of Russian oil, said it was "recalibrating" purchases to align with government guidance. Sources also told Reuters that Chinese state-owned firms had suspended seaborne Russian crude imports, at least temporarily, to avoid violating US restrictions. Losing its two biggest customers would deal a severe blow to the Kremlin, with oil and gas making up about a fifth of Russia’s GDP.&nbsp;

Russia hit back hard at Washington after new US sanctions targeted its top oil giants, Rosneft and Lukoil. Vladimir Putin warned Donald Trump that Moscow “will never bow to US pressure,” while Dmitry Medvedev declared, “The US is our enemy.” All you need to know.

Russian former president Dmitry Medvedev on Thursday (Oct 23) labelled the United States "enemy" even as the current President Vladimir Putin warned his American counterpart Donald Trump that Moscow would never bow down to US pressure. The strong statements come as the US on Wednesday (Oct 22) imposed sanctions against the two biggest Russian oil companies, citing Putin's "refusal to end this senseless war" in Ukraine. The sanctions on Rosneft and Lukoil also target nearly three dozen of their subsidiaries, which led to an almost immediate five per cent jump in oil prices. Russia takes a strong stance against the US Russian President Vladimir Putin on Thursday remained defiant and vowed that Moscow would never bow to US pressure, even as he admitted that Washington’s new sanctions could cause “some losses” to Russia’s economy. Also read | ‘We did not use American long-range weapons on Russia’: Zelensky Slamming the latest US sanctions that aim to choke off the Kremlin’s energy revenues and force it to negotiate over the war in Ukraine, Putin said that it was an "unfriendly act that does nothing to strengthen Russian-American relations". He insisted that the "attempt to put pressure on Russia" was futile, adding, "No self-respecting country ever does anything under pressure". Conceding that "some losses are expected" from the measures. Putin suggested that Trump should take a hard look at "who his administration is really working for" when advisers urge him to impose sanctions on Russian oil. Putin warns Trump The new sanctions—the first against Moscow since Donald Trump returned to the White House in January—immediately pushed global oil prices up 5 per cent. The EU also agreed on a phased ban on Russian liquefied natural gas imports. Also read | ‘Counterproductive’: Russia fumes over Trump sanctions on its oil companies Putin warned that the move would backfire by raising global prices. He also cautioned that Russia's response would be “very strong, if not overwhelming,” if attacked with US-made Tomahawk missiles, which Ukraine has been lobbying Washington to supply. Former Russian president Dmitry Medvedev on social media called the US measures an "act of war", accusing Washington of abandoning diplomacy. "The US is our enemy," Medvedev wrote. "Its talkative ‘peacemaker’ has now fully embarked on a path of war against Russia." Putin, however, struck a more measured tone, saying he remained open to dialogue with Trump. "Dialogue is always better than war," he said, adding that the planned Budapest summit between the two leaders would likely be postponed. India, China cut down on Russian oil purchases? According to AFP, there were early signs that Russia's two biggest buyers—China and India—were reacting to the sanctions. Reliance Industries, India’s largest importer of Russian oil, said it was "recalibrating" purchases to align with government guidance. Sources also told Reuters that Chinese state-owned firms had suspended seaborne Russian crude imports, at least temporarily, to avoid violating US restrictions. Losing its two biggest customers would deal a severe blow to the Kremlin, with oil and gas making up about a fifth of Russia’s GDP.

Russia hit back hard at Washington after new US sanctions targeted its top oil giants, Rosneft and Lukoil. Vladimir Putin warned Donald Trump that Moscow “will never bow to US pressure,” while Dmitry Medvedev declared, “The US is our enemy.” All you need to know.

'US is our enemy': Putin, Medvedev slam Trump after new US sanctions, vow Russia will 'never bow to pressure'

As global markets continue to hover near record highs, a familiar question looms over investors: How long can the good times last? History suggests that what goes up can, and often does, come down. With major stock indices like the S&amp;P 500 and Nasdaq Composite trading at or near all-time highs, concerns are mounting that a correction or worse, a crash could be on the horizon in 2026.&nbsp;At the centre of these anxieties are two of the most respected valuation metrics in financial history: Warren Buffett’s “Buffett Indicator” and economist Robert Shiller’s “CAPE Ratio.” Both have previously signalled impending downturns with striking accuracy and both are flashing red again.<h3>Warren Buffett’s Warning Sign: The Market Cap-to-GDP Ratio</h3>More than two decades ago, legendary investor Warren Buffett called the ratio of total stock market capitalisation to a country’s gross national product (GNP) “probably the best single measure of where valuations stand at any given moment.” Over time, the GNP figure has been replaced with GDP, giving rise to what’s now known as the Buffett Indicator.&nbsp;In an article published by Fortune in 2001, Buffett cautioned that when this ratio approaches 200 per cent, investors are effectively “playing with fire.” His warning proved prescient. In 1999 and 2000, the indicator hovered near that level before the dot-com bubble burst, wiping trillions off market valuations and triggering a multiyear decline, especially in technology shares.&nbsp;The pattern repeated in 2022 when the Buffett Indicator again approached the 200 per cent mark. Within months, the S&amp;P 500 peaked and entered a bear market, losing over a quarter of its value at one point.Now, the same indicator stands at a record high, around 219 per cent, surpassing every previous reading. By Buffett’s own measure, this suggests that investors may once again be “playing with fire.”<h3>Robert Shiller’s CAPE Ratio: Another Red Flag</h3>Warren Buffett isn’t the only financial luminary whose name is attached to a valuation metric. Nobel Prize-winning Yale economist Robert Shiller co-developed the Cyclically Adjusted Price-to-Earnings ratio (CAPE), now widely known as the Shiller CAPE ratio.&nbsp;Unlike traditional price-to-earnings ratios, the CAPE smooths out the effects of short-term fluctuations by using inflation-adjusted earnings over the past decade. This provides a clearer picture of long-term market valuation.&nbsp;History has shown that elevated CAPE readings often precede major market downturns. A sharp spike in 1929 came just before the infamous Wall Street Crash. The ratio hit its highest-ever level in 1999, right before the dot-com collapse and surged again in late 2021, preceding the sharp declines of 2022.At present, the Shiller CAPE ratio is sitting at its second-highest level in history, a signal that has historically preceded significant corrections in the market.<h3>So, Is a 2026 Crash Inevitable?</h3>While both indicators are deeply unsettling, they are not flawless predictors. Economists and market historians caution against treating them as certainties. There are relatively few historical instances of both indicators hitting such extreme levels, making it difficult to draw statistically significant conclusions.&nbsp;Moreover, markets can remain overvalued for years. Former US Federal Reserve Chair Alan Greenspan famously warned of “irrational exuberance” as early as 1996, yet the S&amp;P 500 nearly doubled before the eventual crash in 2000.&nbsp;That said, the combination of the Buffett Indicator at 219 per cent and the Shiller CAPE near record highs points undeniably to stretched valuations. It would be unwise to dismiss these signals entirely.<h3>How Investors Can Prepare</h3>A market downturn may not be imminent, but prudent investors are advised to take precautions. Diversifying portfolios, building cash reserves, and focusing on stocks with strong fundamentals and reasonable valuations can provide a buffer if volatility strikes.&nbsp;Above all, maintaining a long-term perspective remains essential. History shows that even after severe crashes, from 1929 to 2008, equity markets have always recovered, often setting new record highs in the years that followed.&nbsp;Whether 2026 marks another turning point remains uncertain. But as Buffett himself might say, now may be the time for investors to check their fire alarms.

More than two decades ago, legendary investor Warren Buffett called the ratio of total stock market capitalisation to a country’s gross national product (GNP) “probably the best single measure of where valuations stand at any given moment.” 

As global markets continue to hover near record highs, a familiar question looms over investors: How long can the good times last? History suggests that what goes up can, and often does, come down. With major stock indices like the S&P 500 and Nasdaq Composite trading at or near all-time highs, concerns are mounting that a correction or worse, a crash could be on the horizon in 2026. At the centre of these anxieties are two of the most respected valuation metrics in financial history: Warren Buffett’s “Buffett Indicator” and economist Robert Shiller’s “CAPE Ratio.” Both have previously signalled impending downturns with striking accuracy and both are flashing red again. Warren Buffett’s Warning Sign: The Market Cap-to-GDP Ratio More than two decades ago, legendary investor Warren Buffett called the ratio of total stock market capitalisation to a country’s gross national product (GNP) “probably the best single measure of where valuations stand at any given moment.” Over time, the GNP figure has been replaced with GDP, giving rise to what’s now known as the Buffett Indicator. In an article published by Fortune in 2001, Buffett cautioned that when this ratio approaches 200 per cent, investors are effectively “playing with fire.” His warning proved prescient. In 1999 and 2000, the indicator hovered near that level before the dot-com bubble burst, wiping trillions off market valuations and triggering a multiyear decline, especially in technology shares. The pattern repeated in 2022 when the Buffett Indicator again approached the 200 per cent mark. Within months, the S&P 500 peaked and entered a bear market, losing over a quarter of its value at one point. Now, the same indicator stands at a record high, around 219 per cent, surpassing every previous reading. By Buffett’s own measure, this suggests that investors may once again be “playing with fire.” Robert Shiller’s CAPE Ratio: Another Red Flag Warren Buffett isn’t the only financial luminary whose name is attached to a valuation metric. Nobel Prize-winning Yale economist Robert Shiller co-developed the Cyclically Adjusted Price-to-Earnings ratio (CAPE), now widely known as the Shiller CAPE ratio. Unlike traditional price-to-earnings ratios, the CAPE smooths out the effects of short-term fluctuations by using inflation-adjusted earnings over the past decade. This provides a clearer picture of long-term market valuation. History has shown that elevated CAPE readings often precede major market downturns. A sharp spike in 1929 came just before the infamous Wall Street Crash. The ratio hit its highest-ever level in 1999, right before the dot-com collapse and surged again in late 2021, preceding the sharp declines of 2022. At present, the Shiller CAPE ratio is sitting at its second-highest level in history, a signal that has historically preceded significant corrections in the market. So, Is a 2026 Crash Inevitable? While both indicators are deeply unsettling, they are not flawless predictors. Economists and market historians caution against treating them as certainties. There are relatively few historical instances of both indicators hitting such extreme levels, making it difficult to draw statistically significant conclusions. Moreover, markets can remain overvalued for years. Former US Federal Reserve Chair Alan Greenspan famously warned of “irrational exuberance” as early as 1996, yet the S&P 500 nearly doubled before the eventual crash in 2000. That said, the combination of the Buffett Indicator at 219 per cent and the Shiller CAPE near record highs points undeniably to stretched valuations. It would be unwise to dismiss these signals entirely. How Investors Can Prepare A market downturn may not be imminent, but prudent investors are advised to take precautions. Diversifying portfolios, building cash reserves, and focusing on stocks with strong fundamentals and reasonable valuations can provide a buffer if volatility strikes. Above all, maintaining a long-term perspective remains essential. History shows that even after severe crashes, from 1929 to 2008, equity markets have always recovered, often setting new record highs in the years that followed. Whether 2026 marks another turning point remains uncertain. But as Buffett himself might say, now may be the time for investors to check their fire alarms.

More than two decades ago, legendary investor Warren Buffett called the ratio of total stock market capitalisation to a country’s gross national product (GNP) “probably the best single measure of where valuations stand at any given moment.”&nbsp;

‘Playing with fire’: Is US stock market going to crash? Warren Buffet's indicator says yes..

Artificial intelligence, one of the most revolutionary&nbsp;technologies to ever be invented, is expected to capture over half of total annual venture capital funding. A report by CB Insights said that AI companies raised 51 per cent of the total funding in 2025 so far, signaling the influence of the AI boom.&nbsp;"AI companies captured 51 per cent of total venture funding in 2025 so far -- putting 2025 on pace for the first year ever where AI startups claim most of the funding," the report added.&nbsp;This comes even when a section of economic experts says that the massive investments in the AI sector might just be part of a bubble that could burst like the dot-com bubble in the late 1990s.&nbsp;Some experts say that the investments are not backed by a rise in revenues. This could lead to a market correction in the near future.&nbsp;On the American stock markets, tech&nbsp;stocks have witnessed massive upsides backed by massive investments in companies linked to artificial intelligence.&nbsp;The report said that the US accounts for 85 per cent of all AI funding and 53 per cent of the total number of deals made this year.&nbsp;Of the seven largest AI funding rounds, four were secured by U.S.-based companies. This dominance highlights the growing strength of the US in AI innovation and its ability to attract large-scale investments from global venture capitalists,&nbsp;the report said.&nbsp;It added that venture funding amounted to over $90 billion in the third quarter of 2025.&nbsp;Total annual funding climbed to USD 310 billion through Q3, marking the highest yearly figure since 2022.&nbsp;Meanwhile, several celebrities and AI experts have written an open letter against developing artificial superintelligence.

Artificial intelligence, one of the most revolutionary technologies to ever be invented, is expected to capture over half of total annual venture capital funding. 

Artificial intelligence, one of the most revolutionary technologies to ever be invented, is expected to capture over half of total annual venture capital funding. A report by CB Insights said that AI companies raised 51 per cent of the total funding in 2025 so far, signaling the influence of the AI boom. "AI companies captured 51 per cent of total venture funding in 2025 so far -- putting 2025 on pace for the first year ever where AI startups claim most of the funding," the report added. This comes even when a section of economic experts says that the massive investments in the AI sector might just be part of a bubble that could burst like the dot-com bubble in the late 1990s. Some experts say that the investments are not backed by a rise in revenues. This could lead to a market correction in the near future. On the American stock markets, tech stocks have witnessed massive upsides backed by massive investments in companies linked to artificial intelligence. The report said that the US accounts for 85 per cent of all AI funding and 53 per cent of the total number of deals made this year. Of the seven largest AI funding rounds, four were secured by U.S.-based companies. This dominance highlights the growing strength of the US in AI innovation and its ability to attract large-scale investments from global venture capitalists, the report said. It added that venture funding amounted to over $90 billion in the third quarter of 2025. Total annual funding climbed to USD 310 billion through Q3, marking the highest yearly figure since 2022. Meanwhile, several celebrities and AI experts have written an open letter against developing artificial superintelligence.

Investments in artificial intelligence: The report said that the US accounts for 85 per cent of all AI funding and 53 per cent of the total number of deals made this year.

Artificial intelligence startups captured over 50% of venture funding in 2025

The cyber attack on Jaguar Land Rover (JLR), owned by India's Tata Motors, in August cost the British economy a whopping $2.55 billion, affecting&nbsp;5,000 companies. An independent cybersecurity body said in a report published on Wednesday that the losses could be higher if unexpected delays were caused to the restoration of production at the vehicle manufacturer to pre-hack levels.&nbsp;Cyber Monitoring Centre, an independent, not-for-profit body, said the hacking was the most economically damaging cyber event in the United Kingdom.&nbsp;"This incident appears to be the most economically damaging cyber event to hit the UK, with the vast majority of the financial impact being due to the loss of manufacturing output at JLR and its suppliers," the CMC report said.&nbsp;Jaguar Land Rover's manufacturing was resumed earlier this month after it came to a halt for a whopping six weeks. The loss of function hit the company and thousands of other suppliers of goods and services.&nbsp;Jaguar Land Rover is owned by India's Tata Group. It has three factories in Britain which belt out 1000 cars every day. These factories also support smaller companies that supply parts.&nbsp;It is the costliest cyber attack in the UK. In March, clothes company Marks and Spencer lost $400 million after a cyber attack shut down its online services for two months.&nbsp;Jaguar Land Rover lost 50 million pounds every week due to the shutdown, reported Reuters. The British government has provided a 1.5 billion pound loan guarantee to help it support suppliers.&nbsp;The CMC ranked the JLR hack as a Category 3 systemic event, out of a scale of five. It was observed that the hack disrupted JLR's manufacturing substantially. It also hit its supply chain and downstream companies, including dealerships.

The cyber attack on Jaguar Land Rover (JLR), owned by India's Tata Motors, in August cost the British economy a whopping $2.55 billion, affecting 5,000 companies. 

The cyber attack on Jaguar Land Rover (JLR), owned by India's Tata Motors, in August cost the British economy a whopping $2.55 billion, affecting 5,000 companies. An independent cybersecurity body said in a report published on Wednesday that the losses could be higher if unexpected delays were caused to the restoration of production at the vehicle manufacturer to pre-hack levels. Cyber Monitoring Centre, an independent, not-for-profit body, said the hacking was the most economically damaging cyber event in the United Kingdom. "This incident appears to be the most economically damaging cyber event to hit the UK, with the vast majority of the financial impact being due to the loss of manufacturing output at JLR and its suppliers," the CMC report said. Jaguar Land Rover's manufacturing was resumed earlier this month after it came to a halt for a whopping six weeks. The loss of function hit the company and thousands of other suppliers of goods and services. Jaguar Land Rover is owned by India's Tata Group. It has three factories in Britain which belt out 1000 cars every day. These factories also support smaller companies that supply parts. It is the costliest cyber attack in the UK. In March, clothes company Marks and Spencer lost $400 million after a cyber attack shut down its online services for two months. Jaguar Land Rover lost 50 million pounds every week due to the shutdown, reported Reuters. The British government has provided a 1.5 billion pound loan guarantee to help it support suppliers. The CMC ranked the JLR hack as a Category 3 systemic event, out of a scale of five. It was observed that the hack disrupted JLR's manufacturing substantially. It also hit its supply chain and downstream companies, including dealerships.

Jaguar Land Rover cyber attack: Jaguar Land Rover's manufacturing was resumed earlier this month after it came to a halt for a whopping six weeks.

Jaguar Land Rover cyber attack cost the UK economy $2.55 billion: Report

Gold and silver prices, which have been rising over the past several months amid global uncertainties, dropped a bit. However, experts say that the price pullback is temporary and the precious metals can witness an upside in the near future.<h2>What experts said about gold prices</h2>Rajesh Rokde, Chairman of the All India Gem and Jewellery Domestic Council, said that gold prices rose by $1,100 per ounce over the past four months. Hence, the correction was expected but will not last long.&nbsp;"Gold has seen a one-sided rise. If I look at the last four months, it has gone from around USD 3,300 per ounce to USD 4,400 per ounce, which is nearly an increase of USD 1,100 per ounce. Over the past year, in the Indian market, prices have risen for 24 karat gold from Rs 75,000 per 10 grams to Rs 1.3 lakh per 10 grams. So, this correction was expected," he said.&nbsp;He said that the gold is bullish amid strong international demand. He said the prices of gold can fall a bit more before a strong recovery.&nbsp;"Gold is currently around USD 4,100. It might correct another USD 50-100, but there's little chance of a deeper fall because central banks across the world are in buying mode," he added.&nbsp;He said the United States' tariff war and geopolitical tensions will continue to support safe-haven demand.&nbsp;"Many countries are moving toward de-dollarization, trying to reduce the dominance of the dollar, and for that, gold is seen as the safest alternative. China, being one of the largest exporters, receives payments in dollars and then converts them into gold," he explained.&nbsp;He said that the prices of gold in India will increase again.&nbsp;"Gold has already risen so much that this correction doesn't seem very significant. Even now, prices are around Rs 1.25-1.26 lakh per 10 grams. I still see strong potential for gold prices to rise further," he said.&nbsp;He also saw upside potential in silver despite a marginal pullback.&nbsp;&nbsp;"From January until now, prices have gained around 85 per cent. So, a small pullback in prices is still possible. When a commodity rises by 100 per cent, a 10-20 per cent correction doesn't really matter," prominent trader Ajay Kedia said.&nbsp;He, however, said that current levels of gold are not suitable for buying because the prices could slip further.&nbsp;&nbsp;"There will likely be continued pressure on gold, and its movement will depend on the outcome of meetings between Donald Trump and China, as well as between Russia and the US. From an investment point of view, there is currently extreme volatility. Gold could move down to around Rs 1.25 lakh, so the current levels are not suitable for buying," Kedia added.

Gold and silver prices, which have been rising over the past several months amid global uncertainties, dropped a bit.

Gold and silver prices, which have been rising over the past several months amid global uncertainties, dropped a bit. However, experts say that the price pullback is temporary and the precious metals can witness an upside in the near future. What experts said about gold prices Rajesh Rokde, Chairman of the All India Gem and Jewellery Domestic Council, said that gold prices rose by $1,100 per ounce over the past four months. Hence, the correction was expected but will not last long. "Gold has seen a one-sided rise. If I look at the last four months, it has gone from around USD 3,300 per ounce to USD 4,400 per ounce, which is nearly an increase of USD 1,100 per ounce. Over the past year, in the Indian market, prices have risen for 24 karat gold from Rs 75,000 per 10 grams to Rs 1.3 lakh per 10 grams. So, this correction was expected," he said. He said that the gold is bullish amid strong international demand. He said the prices of gold can fall a bit more before a strong recovery. "Gold is currently around USD 4,100. It might correct another USD 50-100, but there's little chance of a deeper fall because central banks across the world are in buying mode," he added. He said the United States' tariff war and geopolitical tensions will continue to support safe-haven demand. "Many countries are moving toward de-dollarization, trying to reduce the dominance of the dollar, and for that, gold is seen as the safest alternative. China, being one of the largest exporters, receives payments in dollars and then converts them into gold," he explained. He said that the prices of gold in India will increase again. "Gold has already risen so much that this correction doesn't seem very significant. Even now, prices are around Rs 1.25-1.26 lakh per 10 grams. I still see strong potential for gold prices to rise further," he said. He also saw upside potential in silver despite a marginal pullback. "From January until now, prices have gained around 85 per cent. So, a small pullback in prices is still possible. When a commodity rises by 100 per cent, a 10-20 per cent correction doesn't really matter," prominent trader Ajay Kedia said. He, however, said that current levels of gold are not suitable for buying because the prices could slip further. "There will likely be continued pressure on gold, and its movement will depend on the outcome of meetings between Donald Trump and China, as well as between Russia and the US. From an investment point of view, there is currently extreme volatility. Gold could move down to around Rs 1.25 lakh, so the current levels are not suitable for buying," Kedia added.

Gold prices in India: Many countries are moving toward de-dollarization, trying to reduce the dominance of the dollar, and for that, gold is seen as the safest alternative.

Gold prices drop: What experts say about the precious metal's upside potential