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Market Daily Report: Bursa Malaysia Gives Up Earlier Gains To End Mixed

KUALA LUMPUR, Nov 19 (Bernama) -- Bursa Malaysia gave up earlier gains to end mixed today, amid a higher regional market showing, as property, construction, and healthcare counters attracted buying interests, while plantation, banking, and telecommunication stocks saw some profit-taking, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.70 points to close at 1,602.34 from yesterday’s close of 1,604.04. The benchmark index, which opened 0.86 of-a-point lower at 1,603.18, moved between 1,601.02 and 1,608.88 during the trading session. However, the broader market was mixed to higher, with gainers leading decliners by 565 to 438 while 502 counters remained unchanged, 961 untraded, and 14 suspended. Turnover narrowed to 2.83 billion units valued at RM2.08 billion versus 2.96 billion units valued at RM2.23 billion yesterday. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the benchmark index remained range-bound and it required a dec
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Nvidia CEO Partners with Mukesh Ambani to Build AI Hub in India with Blackwell Chips

 

Nvidia CEO Jensen Huang has joined forces with Mukesh Ambani, Asia's richest man, to build artificial intelligence (AI) infrastructure in India, aiming to accelerate the country’s adoption of the transformative technology. The partnership was announced at Nvidia's AI summit in Mumbai, where the two executives revealed plans to leverage Nvidia's Blackwell chips in a major data center project spearheaded by Reliance Industries Ltd.

The new 1-gigawatt data center in Gujarat will be among the first to deploy Nvidia's Blackwell chips, highlighting India's potential as a growing AI hub. Huang emphasized that India, already known for exporting software, will soon become a key exporter of AI. Other notable collaborations announced include partnerships with Infosys, Tata Consultancy Services, Flipkart, and Tech Mahindra, signaling Nvidia's deepening engagement with Indian industries.

India’s expanding digital economy is attracting global tech giants like Microsoft and Meta, positioning the country as a strategic alternative to China, amid escalating US-China tensions. Nvidia’s partnerships in India are part of a broader effort to support AI advancements across sectors such as agriculture, healthcare, and e-commerce.

Nvidia has been rapidly expanding its footprint in India, with over 4,000 engineers across multiple cities. The AI infrastructure project is expected to play a critical role in India’s emerging AI ecosystem, supported by the government’s IndiaAI Mission, which has allocated US$1.2 billion to boost AI capabilities in the country.

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