Top Stories | Markets ease off highs, Nvidia dwarfs chip rivals, Mahindra unveils 2030 blueprint, and more

Good evening! Indian equities ended Thursday in the green but backed off fresh 52-week highs as midcaps and bank stocks lost steam late in the session. Globally, Nvidia once again redefined scale—its nine-month net profit now exceeds the combined sales of Intel and AMD, underscoring its dominance in the AI chip race.

Back home, the Mahindra Group laid out an ambitious 2030 roadmap spanning autos, EVs, farm, finance, hospitality and tech ahead of its mega investor day. TCS doubled down on AI infrastructure, announcing up to ₹18,000 crore in fresh investment—alongside TPG—in its data-centre arm HyperVault. Starbucks CEO Brian Niccol also spotlighted India as one of the brand’s fastest-growing markets as the company nears its 500th store.

On the policy front, the Supreme Court settled key questions on the limits of a Governor’s powers in granting assent to Bills. Meanwhile, Nitish Kumar was sworn in as Bihar CM for a tenth time. Across the region, Nepal saw renewed Gen-Z protests, while Gaza and western Ukraine reported heavy casualties amid intensifying strikes. RBI Governor Sanjay Malhotra reiterated that the central bank does not target any specific rupee level, attributing recent weakness to global trade uncertainty.

Sensex, Nifty close positive, ease off intraday 52-week peaks



The market ended the session in the green on Thursday, but well off the intraday highs as broader indices underperformed. Both the Sensex and Nifty touched fresh 52-week highs during the day, yet remained a few points short of their record peaks, with midcaps and banking stocks losing momentum after strong early moves.

Read More Here

Nvidia's net profit in the first nine months of FY26 is higher than sales of Intel, AMD combined



Nvidia Corp., the world's most valuable company and the supplier of AI chips to big tech firms on Wall Street, has reported a greater net profit in the first nine months of the current financial year, compared to the combined net sales of two of its closest rivals, Intel Corp. and Advanced Micro Devices Inc.

Read More Here

Mahindra Group sets ambitious 2030 playbook across autos, EVs, tech and finance



Mahindra Group has outlined an expansive long-term roadmap across all its major businesses ahead of its biggest-ever investor day, where 12 group CEOs are expected to present their strategic plans. The Group has released detailed growth forecasts to the exchanges, highlighting a decade of ambitious expansion across automotive, farm, electric mobility, financial services, hospitality, real estate and technology.

Read More Here

TCS, TPG to invest up to ₹18,000 crore in AI data centre unit HyperVault




Tata Consultancy Services (TCS) said on Thursday it has signed agreements with TPG Terabyte Bidco for an investment of up to ₹18,000 crore in its AI-focused data centre subsidiary HyperVault, as India races to build large-scale infrastructure to meet accelerating artificial intelligence demand.

Read More Here

Starbucks CEO Brian Niccol says India is one of its fastest-growing markets, will double down on growth plans



Starbucks global CEO Brian Niccol says India has moved to the centre of the coffee giant’s international strategy, calling it one of the company’s fastest-growing markets as it prepares to open its 500th store.

Read More Here

SC settles law on Governor's powers: Constitution Bench answers 14 questions in Presidential Reference



In a major clarification of the constitutional relationship between state governments and Governors, the Supreme Court on Thursday laid down the limits and contours of gubernatorial power in granting assent to Bills. A five-judge Constitution Bench delivered its opinion on a set of 14 questions referred by President Droupadi Murmu, ruling that while Governors cannot indefinitely hold up legislation, courts too cannot impose rigid timelines on constitutional authorities.

Read More Here

Nitish sworn in as Bihar CM for record 10th time: PM Modi and Amit Shah attend



Nitish Kumar was sworn in as Bihar Chief Minister for the tenth time at Gandhi Maidan on Thursday. Governor Arif Mohammed Khan administered the oath to Kumar and 21 ministers. Kumar took the oath on the Constitution of India. Prime Minister Narendra Modi, Union Home Minister Amit Shah, BJP president J P Nadda and other NDA leaders attended the ceremony.

Read More Here

Nepal Gen-Z protests break out again, curfew imposed in Bara district, several injured



Fresh unrest broke out on Thursday, November 20, in Nepal’s Bara district, bordering India, after clashes between Gen-Z demonstrators and supporters of former prime minister KP Sharma Oli’s party left at least 10 people injured, prompting authorities to reimpose a curfew in the area.

Read More Here

Death toll reaches 33 in some of deadliest Israeli strikes in Gaza since ceasefire's start



A pair of Israeli strikes in Gaza’s southern city of Khan Younis early Thursday, November 20, killed five people, according to hospital officials, bringing the death toll from airstrikes in the Palestinian territory over a roughly 12-hour period to 33.

Read More Here

Twenty-six killed, many missing in Russian strike on apartment buildings in west Ukraine



At least 26 people were killed and many were listed as missing in a Russian drone and missile attack overnight that hit apartment buildings in the western Ukrainian city of Ternopil, Ukraine's interior minister said on Wednesday.

Read More Here

RBI does not target any level for rupee: Governor Malhotra



Reserve Bank Governor Sanjay Malhotra on Thursday said the central bank does not target any level for the rupee, and the recent depreciation of the domestic currency against the US dollar is primarily due to trade uncertainties following the imposition of tariffs by the Trump administration.

Read More HereRead about our editorial guidelines and ethics policy