The Economic Times

Nvidia CEO Jensen Huang resigned Thursday, capping a spectacular downfall for a poster boy of the artificial intelligence boom whose exit following reports of extramarital affairs now thrusts the chipmaker into an uncertain future.After a dizzying series of headlines about Huang's infidelity and ties to an alleged Chinese spy, his departure sets off a scramble to find a permanent replacement to lead the multitrillion-dollar colossus that grew from obscurity to a perch between Apple and Microsoft

US President Donald Trump has warned Iran of severe consequences if Tehran targets American officials, saying those responsible will not exist any longer. Trump also threatened further military action, called Iran's continued leadership a potential defeat for his presidency and claimed Washington had complete control over the Strait of Hormuz.

India's equity market is witnessing a vibrant revival, boosting earnings prospects for brokerages and exchanges. A surge in trading activity, spurred by favorable market dynamics and declining crude oil prices, indicates robust investor engagement. The NSE India Volatility Index has climbed, reflecting increased confidence in derivatives trading. Analysts predict significant growth opportunities as the trading environment stabilizes following the rollback of the closing-auction framework.

US lawmakers have demanded answers from the Trump administration over what it knew about former Nvidia CEO Jensen Huang's alleged affair with a woman suspected of spying for China. The controversy has renewed scrutiny of US chip exports to Beijing, national security risks and alleged links between Nvidia and the administration.

Anthropic's upcoming initial public offering is attracting significant interest with six times the orders expected. The company aims to raise up to $64.4 billion from selling shares priced between $70 and $78. Shares will be traded on the Nasdaq under the symbol 'ANT' starting November 19. Existing investors will have priority for allocations in this highly anticipated share sale.

While oil prices have dropped from their multi decade highs which they hit earlier this year, analysts remain cautious amid the seesaw political game in the Middle East. Goldman Sachs recently raised its oil price forecasts, citing increasing risks to global supplies. The investment bank warned that Brent crude could climb to $140 per barrel in 2027 if oil production across the Gulf region remains significantly below its 2025 average.

India's Manufacturing Push: 64% Target Achieved With Just 18% Incentives

Treasury yields rose after US President Donald Trump said the US does not need a deal with Iran and as traders weighed the chance of a larger-than-usual Federal Reserve rate hike next month. Two-year Treasury yields gained 34 basis points over the past two sessions, the sharpest two-day rise in 3-1/2 years.

US Senate Banking Committee Chairman Tim Scott has asked former Nvidia CEO Jensen Huang and Commerce Secretary Howard Lutnick to testify over national security concerns, alleged Chinese espionage and oversight of chip exports to China. Scott warned he could subpoena Huang, as lawmakers intensify scrutiny of Nvidia and the Commerce Department.

India remains a 'shining star' in gloomy global economy: NITI Aayog VC

Gold prices edged higher on Friday, recovering from the previous session's lowest level in more than a year, but stayed on track for a weekly fall as higher oil prices stoked

Discover the potential of investing in India's booming REIT market, where you can earn from commercial real estate without the hassles of ownership and management. Insights from Ramesh Nair reveal REITs' growth drivers, the importance of total returns over distribution yield, and upcoming property segments that could enhance your investment opportunities.

US Attorney General Todd Blanche said the Justice Department has not determined whether Alice Huang, whose affair with former Nvidia CEO Jensen Huang preceded his exit, was a Chinese spy. President Donald Trump also said the question remained unresolved, while confirming he had spoken to Jensen Huang a day before his resignation.

The relinquished awards represent roughly 0.08% of his net worth, according to the Bloomberg Billionaires Index, which puts his fortune at $138.4 billion.

Blackstone is in the process of arranging a $200 million loan for ASK Investment Managers. This loan aims to refinance an existing sponsor-financing facility that matures in 2027. Four banks are leading this transaction, which is currently being syndicated among international lenders. The refinancing effort reflects private equity investors' strategy to manage acquisition-related debt maturities.

In a bold move, Kalyan Jewellers India announced a significant 31% rise in revenue and a notable 64% boost in net profit. Plans include launching 84 new Kalyan stores along with expanding the Candere and Akshaya Thanga Maligai outlets. Analysts have expressed optimism, issuing 'Buy' ratings based on the growth from non-South markets, which climbed by 21%, positioning the company favorably against unorganized competitors amidst fluctuating gold prices.

The Indian rupee faltered on Thursday, settling at 94.04 per US dollar after shedding 35 paise from its previous value. The surge in dollar demand from nationalised banks and importers outweighed the early strengthening of the rupee. This push for dollars was influenced by unexpected inflation data from the US and upward trends in US treasury yields. Interestingly, foreign portfolio investors continued their buying spree, purchasing

The MSCI Asia Pacific Index rose 0.3%, led by gains in South Korea. US equity futures also advanced, with Nasdaq 100 contracts up 0.6% and those for the S

Indian equity benchmarks in Mumbai have seen a two-week winning streak with significant foreign investment. Foreign Portfolio Investors have invested over

Morning Brief Podcast: The AI Boom Hits a Political Wall. Can India Cash In?

Domestic institutional investors have recently unloaded more than

Government bond yields globally rose to multi-decade highs recently due to sell-offs in sovereign debt. Investors demanded higher returns amid persistent inflation and uncertainty regarding interest rates. India's benchmark 10-year bond yield peaked at 7.50% before slightly declining to 7.24%. Recent easing geopolitical tensions and declining crude prices have supported bond market recovery. Nonetheless, the outlook remains uncertain due to inflationary pressures and concerns over fiscal sustain

MSCI will include Life Insurance Corporation of India, Coforge, Adani Green Energy, and Meesho in its index. The changes will take effect on November 30, with passive inflows expected for these new additions. PI Industries will be excluded, leading to an estimate of outflows from this stock. Additionally, the overall number of constituents will increase to 168 in the index.

Jensen Huang's affairs have rocked Nvidia as well as the global artificial intelligence (AI) fraternity. Now Huang is facing a lot questions, especially from the US lawmkers.

US stocks closed lower as Nvidia

Nvidia CEO Jensen Huang's reported departure rattled global markets, triggering concerns over the chipmaker's leadership, AI investments and data-centre financing strategy. Nvidia shares tumbled, while Chinese chipmakers rallied amid expectations of potential gains in market share.

Retail investors poured a record $111 million into Nvidia shares during Thursdays first half-hour of trading, helping the stock trim an opening loss of as much as 14% to about 5%. The dip-buying suggests confidence in the AI trade remains resilient despite CEO Jensen Huangs departure and Nvidias loss of more than $1 trillion in market value over five weeks.

Jensen Huang third affair: Jensen Huang's relationship with a second Nvidia employee has added to the controversy surrounding his sudden departure as CEO. The disclosure follows earlier reports involving healthcare executive Kimberly Powell and Chinese businesswoman Alice Huang, whose alleged links to Chinese intelligence also prompted scrutiny of the Nvidia chief.

The Federal Reserve will hold seven rate-setting meetings in 2027 instead of the customary eight, while dedicating its October gathering to broader monetary-policy strategy. The revised schedule also moves the years final policy meeting to November and removes designations for quarterly economic projections as Chair Kevin Warsh reviews the Feds communication practices.

Prediction-market platform Kalshi has ended Donald Trump Jr.s advisory role by mutual agreement after his venture-capital firm, 1789 Capital, increased its investment in rival Polymarket. Discussions began after 1789 Capital led Polymarkets latest funding round, according to a Kalshi spokesperson.

Elon Musk responded to a suggestion on X about hiring Nvidia CEO Jensen Huang during his challenging time. Reports indicate that Nvidia's board may discuss Huang's future soon amid rising scrutiny. Allegations about Huang's personal relationships have intensified calls for his resignation from several lawmakers. The controversy has negatively impacted Nvidia's stock, leading to an 8% drop in after-hours trading.

Defence Minister Rajnath Singh said the decision to extend the tour of duty for Agniveers was based on feedback from the armed forces. The governments November 4 overhaul of the Agnipath scheme opens a route to permanent service for all recruits. Singh also called for stronger intelligence and surveillance capabilities, technological superiority and greater jointness among the armed forces.

Bitcoin price (BTC USD) today: dropped to around $71,000, reaching its lowest level since August after Jensen Huang resigned as Nvidia CEO. However, BTC USD had already been declining before the announcement, with $1.44 billion in five-day spot Bitcoin ETF outflows, weakness in technology stocks and a close correlation with the Nasdaq 100 adding to market pressure.

Christian organisations have sought the withdrawal of the FCRA Amendment Bill, 2026, alleging it could undermine religious freedom and restrict welfare services to marginalised communities. In contrast, RSS-linked organisations have backed the proposed legislation, calling it necessary to regulate foreign funding. The contrasting views were presented before a joint parliamentary committee examining the bill.

Samajwadi Party chief Akhilesh Yadav has welcomed the formation of the Samajik Parivartan Morcha, saying it could provide voters with another political option and cost the BJP 2-3% of its vote share in the Uttar Pradesh elections. Yadav said his party would cooperate with those who genuinely raise the concerns of the PDA (Pichhda, Dalit, Alpsankhyak) community and fight communal forces.

Protests led by the Apex Body Leh resumed in Leh on Thursday, with demonstrators pressing for statehood and constitutional safeguards for Ladakh. Authorities removed climate activist Sonam Wangchuk from the protest site and directed him to stay home. The Kargil Democratic Alliance has extended support to the agitation and called for a candle march in Kargil on Saturday.

Jensen Huangs sudden exit from Nvidia after 33 years has brought fresh attention to his life beyond the chip business. His property journey tells an interesting story of its own. It began with a $185,000 home in San Jose and now includes a $38 million San Francisco mansion and a luxury home in Hawaii.