Multiple AI-generated images have surfaced online showing Elon Musk smoking a cigar with multiple tech leaders, including Sundar Pichai, Tim Cook, Jensen Huang, Satya Nadella, Mark Zuckerberg, Jeff Bezos and Sam Altman. "$1 trillion squad assembled," a user wrote while sharing one of the pictures. Another showed Bezos smoking the cigar with Huang, Nadella, Zuckerberg and Musk holding drinks.

Cavela, a tech-driven sourcing platform for e-commerce brands, has raised $6.6 million in seed funding led by Susa Ventures and XYZ Venture Capital. Founded in 2023 by Anthony Sardain, the platform uses AI, data and a network of 2,00,000 vetted factories to streamline global manufacturing, cut costs, and help brands diversify supply chains amid rising tariffs.

Under the new Labour Codes, the government has set a daily working hour limit of 8 hours for a six-day work week. For a five-day week and a four-day week, the daily working hour limit is 9.5 hours and 12 hours, respectively. These working hour limits include intervals of rest. The overtime working hour limits can be set by states.

NVIDIA CEO Jensen Huang told employees that "the whole world would've fallen apart" if the company had "delivered a bad quarter". The chipmaker posted stronger-than-expected sales and profits for the quarter ended October 26. However, Huang said the Wall Street "didn't appreciate" NVIDIA's "incredible" quarter due to the growing fears of an AI bubble.

Billionaire Elon Musk's 2018 pay package, proposed before approval of $1-trillion package which is still in court over its validity, could eat up years of Tesla's profits, Reuters reported. If the 2018 plan isn't approved, the replacement stock-compensation package could result in $26-billion hit to Tesla. Easiest goals in Tesla's $1-trillion plan could also trigger tens of billions in payouts.

A US court has ordered TCS to pay $194-million in damages to DXC Technology for allegedly using its trade secrets to win a lucrative contract and develop its own software platform, BaNCS. The ruling comes after a legal battle between TCS and CSC, now part of DXC. CSC claimed that TCS gained unauthorised access after Transamerica employees moved to TCS.

An Indian startup, which sells Assam tea, has announced that it will raise its prices in a campaign to challenge the culture of "impulse buying", even as other retailers cut prices amid Black Friday. "'Black Friday' has become one of the world’s most aggressive symbols of consumption...What remains afterwards is waste," the founder told PTI.

Anand Mahindra mourned the death of Wing Commander Namansh Syal in Tejas fighter jet crash in Dubai, calling it an "unimaginable loss". He further said, "Setbacks don't define us. Our response does." "India's journey towards self-reliance in aerospace is too important, too hard-earned and too full of potential to be shaken. This moment must only strengthen our courage," he added.

The Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) decided not to put restrictions on India's import of endangered animals. CITES recommended India not to "issue any further import permits" after visiting Vanatra, run by Anant Ambani. Countries like US, Japan and Brazil said the recommendation was premature and there wasn't evidence of illegal imports.

Under new labour codes, all employees now have a statutory right to minimum wages and a new definition of 'wages' has mandated that basic pay be at least 50% of total remuneration. Gratuity eligibility period has been reduced to one year, and formal appointment letters are now mandatory. Gig and platform workers have also been included in social security's ambit.

Kerala has expanded the ‘Kerala Brand’ certification from a pilot focused on coconut oil units to 10 additional edible and non-edible products, aiming to create a reliable identity for goods. The framework brings stringent standards on quality and labour practices, supported by mandatory BIS norms, statutory compliance and detailed self-declarations from manufacturers.

Lakshmi Mittal, the billionaire Chairman of steelmaker ArcelorMittal, has left the UK amid reports that the government plans to raise taxes on super-rich, The Sunday Times reported. Mittal will now spend much of his time in Dubai, where he has a mansion. He is one of the UK's richest individuals with a wealth of around $21 billion, as per Forbes.

A Reddit user shared their boss' message, directing employees to adhere to an 8am-10pm workday and asking new parents to WFO three days/week after "making arrangements" at home for their infants. The boss asked employees with mental/depression issues to avail 'loss of pay' as "they're not qualified to work on customer projects". "Company should be reported," a user replied.

A Reddit user, claiming to be a Kolkata-based Tech Mahindra BPO employee, alleged her boss fired her for taking three days' sick leave. She claimed he called her medical document, issued by a government hospital, a "₹5 paper" and alleged that it was fake. The boss' WhatsApp message, shared by her, showed him claiming she "ghosted" him completely.

Goods and Services Tax Network (GSTN) has issued an advisory asking taxpayers to update their bank account details on the portal at the earliest. Non-compliance could lead to suspension of GST registration, disruption of business operations, invoicing, and tax filings. The mandate applies to all taxpayers except those registered under TCS, TDS, or those registered suo motu by tax authorities.

Only six of the 46 EV models sold in India are eligible for rewards under Centre's Production-Linked Incentive (PLI) scheme, TOI reported. This indicates that only 13% of India's EV lineup satisfies localisation requirements, making 87% of them ineligible for subsidies due to their excessive reliance on imported parts. Automakers must attain minimum 50% domestic value addition under PLI scheme.

India’s Global Capability Centres (GCCs) are rapidly adopting AI, especially Agentic and Generative AI, a new report stated. This has led to a 17-18% hiring surge for these centres, although total hiring in the IT sector dropped in the quarter ending September. Around 58% of GCCs are already investing in Agentic AI, while 29% may scale it up in 2026.

Around 26 major Indian e-commerce platforms submitted self-declaration letters to the government, confirming compliance with the dark-pattern guidelines. Zepto, Zomato, Myntra, Netmeds, Meesho, Jiomart, Swiggy and Flipkart are among these e-commerce platforms. Dark patterns included false urgency, basket sneaking, confirm shaming, subscription traps, interface interference and disguised ads.

OYO's parent firm PRISM-backed OYO Assets has raised ₹125 crore in a fresh funding round, PTI reported, citing sources. The round, led by InCred, saw participation from a group of institutional and private investors. OYO Assets, also known as Sunday PropTech, acquires and develops hotels in India across premium and mid-premium categories.

US Treasury Secretary Scott Bessent said the country's economy as a whole is not at risk of recession in 2026. However, he noted that parts of the economy that are sensitive to interest rates, including housing, had been in recession. He added, "I am very optimistic about 2026. We have set the table for a very strong, non-inflationary growth economy."

Union Commerce Minister Piyush Goyal met Israeli PM Benjamin Netanyahu and President Isaac Herzog in Jerusalem on Sunday. "Israel and India are strengthening our strategic partnership, more investments, more innovation and a strong economic corridor from India through Israel to Europe," Netanyahu said. Earlier this week, India and Israel signed terms of reference for a free trade agreement.

India's merchandise exports decreased 11.8% YoY since August 2024 to $34.38 billion in October, Crisil reported. This comes after US tariffs were raised to 50% on August 27 this year, which has suppressed shipments for the second consecutive month. Exports of petroleum products fell 10.4% YoY in October. After growing by 6.1% in September, core exports fell to 10.2%.

The Finance Ministry is considering a proposal made in the budget for 2018-19 to merge the three state-owned general insurance companies into a single entity. Notably, the government infused ₹17,450 crore between 2019-20 and 2021-22 into the three companies, Oriental Insurance, National Insurance, and United India Insurance. The step has been taken following improved financial health of the firms.

US Court of Appeals has upheld District Court’s decision against Tata Consultancy Services (TCS) on $194.2 million in damages in the case filed by DXC Technology Company. However, the appeals court vacated the previously granted injunction, directing the Northern District of Texas, to reassess it as per the appellate directions. TCS said it is evaluating all available legal options.

The number of new demat accounts in India reached a 10-month high in October, a surge from around 2.5 crore accounts in 2016 and 4 crore in 2020, reports stated. This surge is driven by strong primary and secondary market performance and record IPO fundraising of over ₹39,000 crore. Additionally, monthly SIP contributions have hit over ₹29,500 crore in October.