Ronnie Screwvala has set up a $50 million personal fund to back early-stage AI, deep-tech and space-tech startups. He plans to invest in around 15 companies over the next year with high-conviction cheques of $1-3 million. The focus is on founders with resilience, frugality and strong technology fundamentals, not hype-driven models.

AI startup Project Prometheus, which Jeff Bezos has joined as co-CEO, is named after the Greek mythological figure who stole fire from the gods and gave it to humankind. The startup reportedly aims to build AI systems that can accelerate scientific discoveries across engineering, manufacturing, computing, aerospace, and automobiles. It has already assembled a 100-member team, as per reports.

According to Equirus Capital, India raised more money through IPOs in last five years than in the previous two decades. Companies collected ₹5.39 lakh crore from 2020-2025, surpassing the ₹4.56 lakh crore raised between 2000-2020. "A reason for it is, average IPO size in last 5 consecutive years was ₹1,605 crore vs ₹692 crore between 2000-2020," Equirus Capital's MD said.

The Securities Transaction Tax (STT) is a tax levied on every purchase and sale of securities listed on recognised stock exchanges in India. It applies to equity shares, derivatives, equity-oriented mutual fund units, and ETFs. The tax is collected upfront by the exchange and passed on to the government. STT increases transaction costs, particularly impacting short-term and intraday traders.

JSW Infrastructure plans to invest ₹4,000 crore in the ports business in the current financial year to expand its cargo handling capacity. The company has set a target of increasing the capacity to 400 million tonnes per annum by FY30. The company also plans to invest ₹1,500 crore to expand its logistics business.

Zoho Co-founder Sridhar Vembu said he advises young entrepreneurs, both men and women, to marry and have children in their 20s instead of postponing it. "I tell them they've to do their demographic duty to society...and their own ancestors," he stated. Vembu added, "I know these notions may sound quaint or old-fashioned, but I'm sure these ideas will resonate again."

Gold and silver prices fell again as a stronger US dollar and uncertainty over the US Federal Reserve's next move kept investors cautious. Spot gold slipped to $4,059 while silver stayed at $50.70. Experts say fading hopes of a December rate cut and upcoming US economic data are driving volatility. Traders now await Fed meeting minutes and key labour numbers.

Plug Power fell over 21% after announcing a $375-million convertible bond sale, with an option for buyers to add $56.25 million. The update came as Luminar hit an all-time low after Volvo axed a lidar deal. Luminar has defaulted on loans, cut staff and faces SEC probes. Both companies reported large share counts and multibillion-dollar market caps in recent filings.

Luminar stock hit an all-time low after Volvo canceled a five-year lidar supply deal, worsening a mounting crisis at the sensor maker. Luminar has defaulted on loans, cut 25% of staff and faces SEC and internal ethics probes. The company also halted spending on Volvo-related sensors, triggering a manufacturing dispute. Shares fell 4.6% to $0.87 before a small after-hours rebound.

Nvidia has fallen 14.5% from its late-October high, slipping into correction territory ahead of its highly anticipated Q3 results. Analysts remain confident, citing strong demand for Blackwell chips and early signals for the next-gen Vera Rubin architecture. Wall Street expects $55.03 billion in revenue and $1.25 EPS, with price targets implying nearly 30% upside despite rising AI skepticism.