TRENDS
CEO accidentally names new project on famous OnlyFans model. What happened next
The original Project AELLA was pitched as an 'open-science initiative to make scientific research accessible via structured summaries created by LLMs'. But CEO Sam Hogan soon learned that Aella—the person—was a prominent figure in tech-adjacent circles. In 2020, reportedly earned about Rs 89 lakh a month.
PODCAST
Manipal Group's Ranjan Pai submits bid for Byju's; BPMs ride the AI wave, outpacing IT peers; India’s Rs 1 lakh cr bet on quantum, chips and Flutter takes $556 mn hit on Junglee | MC Tech3
In today’s Tech3 from Moneycontrol, we unpack Ranjan Pai’s bid for Byju’s parent Think & Learn, marking a crucial chapter in the edtech firm's bankruptcy saga. We then decode how BPM firms like Genpact, EXL, and Firstsource are outpacing IT peers, powered by AI-led transformation. Also on the show: India’s Rs 1 lakh crore push into quantum, semiconductors, and AI; the gaming sector’s big write-downs including Flutter's $556 mn hit; and PhysicsWallah’s IPO closing nearly 2x subscribed.
MARKETS
Infomerics Valuation and Rating pays Rs 65.25 lakh to settle case with SEBI
Infometrics was also asked to implement non-monetary corrective measures, including, appointment of an external auditor to review and certify its credit rating models, and conducting independent training for employees which it complied.
INDIA
8 dead, 20 injured after truck crash triggers massive pile-up at Pune’s Navale Bridge | Watch
Deputy Commissioner of Police (Zone 3) Sambhaji Kadam confirmed the casualties, saying, “At least eight persons have died, while many others were left injured.”
INDIA
Odisha to host Global Energy Leaders’ Summit in December to shape India’s energy roadmap
Energy ministers from Malaysia, Indonesia, Singapore, and Bhutan have been invited to participate, alongside global experts including Gareth Walsh and Pierre Noel from the Tony Blair Institute for Global Change.
AUTOMOBILE
Honda issues recall for 2025 CB1000 Hornet SP
The recall campaign aligns with a global market initiative and covers select units of CB1000 Hornet SP manufactured in 2025.
INDIA
'All those who committed this cowardly act...': Amit Shah vows 'strictest punishment' for those behind Red Fort explosion
He expressed condolences to the families of the victims of the blast, according to the release.
AUTOMOBILE
Mahindra XEV 9S: More details out ahead of November 27 launch as carmaker targets another EV with over 500km range
The XEV 9S is Mahindra's third born electric vehicle after the BE 6 and the XEV 9e.
BUSINESS
FIIs net sell equities worth Rs 384 crore, DII net buy Rs 3092 crore on November 13
DIIs purchased shares worth Rs 16,036 crore and sold shares worth Rs 12,944 crore. In contrast, FIIs bought shares worth Rs 14,903 crore but sold shares totalling Rs 15,286 crore.
TRENDS
Deepinder Goyal: Found element 'key to slowing human aging' with longevity venture Continue
Incubated by Deepinder Goyal in 2024, Continue is backed by a personal corpus of about Rs 221 crore to fund research into human biology and aging.
INDIA
Karnataka cabinet clears IT policy 2025-2030, thrust on ‘Beyond Bengaluru’ clusters & AI
Cabinet also approves Space Technology Policy 2025–2030 and Centres of Excellence under LEAP programme
BUSINESS
Manipal's Ranjan Pai submits bid for Byjus parent Think and Learn
The filing marks the only EOI submitted for Think & Learn so far and follows a recent Supreme Court ruling that cleared the way for Aakash’s rights issue, as Moneycontrol reported earlier
BUSINESS
Pine Labs IPO GMP rises ahead of share listing on Friday, here's what experts say
Pine Labs shares are set to make their market debut on November 14.
BUSINESS
LG Electronics India Q2 net profit declines 27% to Rs 389 crore, revenue rises marginally
The company's total revenue from operations rose marginally by 1 percent to Rs 6,174 crore in the quarter under review from Rs 6,113.8 crore in the year ago period.
INDIA
'If there is fraud...': RJD MLC warns of Nepal-like unrest ahead of Bihar vote counting
His remarks came amid heightened political tension in Bihar, where both the ruling NDA and the opposition-led alliance have claimed confidence in their performance as votes are tallied.
BUSINESS
Deutsche Bank's DWS to acquire up to 40% stake in Nippon Life India AIF Mgmt
DWS is expected to hold a 40% stake in NIAIF with Nippon Life India Asset Management holding the remainder of shares. NIAIF plans to use the entire investment for business growth and future expansion of its alternatives platform.
BUSINESS
Muthoot Finance Q2 profit rises 87% to Rs 2,345 crore; board approves Rs 35,000 crore fundraise via NCDs
Muthoot Finance board approved Rs 35,000 crore fundraise by issuing redeemable Non-Convertible Debentures (NCD) by way of private placement.
AUTOMOBILE
Hyundai expects new Venue compact SUV volumes to be 20% higher than old model
The 2025 Venue is being exclusively manufactured at Hyundai's new Pune plant.
INDIA
The turnout trap: 5 times higher footfall changed governments in Bihar
Both the NDA and Mahagathbandhan are claiming that this high turnout will favour their respective alliances. Exit polls have made near-unanimous predictions of a clear mandate for the ruling NDA.
BUSINESS
Andhra govt inks Rs 15,000-crore pact with Tillman Global Holdings for 300 MW hyperscale data center campus in Visakhapatnam
The project is planned over roughly 40 acres and is expected to generate 200–300 direct jobs and 800–1,000 indirect jobs by 2028
BUSINESS
Nifty fails to sustain gains, Sensex ends flat on weekly expiry as investors turn cautious
After seeing a sharp upmove in the afternoon half of the session, the benchmark indices failed to maintain the momentum and settled flat.
BUSINESS
Fujiyama Power Systems IPO opens today; brokerages see growth potential amid subsidies, import risks
As Fujiyama Power Systems IPO opened today, brokerages highlight the company’s position in the rooftop solar industry, its expanding manufacturing capacity and market opportunity, while also flagging risks arising from dependence on subsidies and Chinese imports.
BUSINESS
Sensex settles 400 pts lower from day's high, Nifty ends below 25,900: Profit booking among key factors behind market decline
Stock market today: Traders took some profits off the tables ahead of the results of the all-important Bihar Assembly polls
AUTOMOBILE
Lamborghini unveils Temerario Super Trofeo design, racing debut from 2027
The Temerario Super Trofeo marks Lamborghini's next customer-racing chapter, bringing GT3-derived engineering from 2027.
