11:11 | Big Tech AI spend spooks investors; BYD sues US govt; Home Ministry sets up cybercrime panel

Big Tech’s AI spending jitters markets, BYD takes on the US government, and India steps up its cybercrime response. From landmark tech trials and g...

Summarized by AI ⓘ

What is the story about?

In this edition of 11:11, we take a look at the buying opportunity for investors as big tech continue to spend the big bucks on AI and Chinese EV maker BYD's lawsuit against the US government. As always, we also track market movements in the Indian bourses.

Meanwhile, Jimmy Lai's children place their hope on US President Donald Trump's visit to Beijing in April to release the 78-year-old media mogul and China critic who was handed a prison sentence of 20 years.

Big Tech's gigantic AI spending plans

are spooking investors. But history shows that's when you want to buy

Big Tech’s spending plans are spooking investors as of late, but these plans could also signal a buying opportunity, according to Canaccord Genuity. Stocks sold off last week as the latest quarterly reports from Microsoft, Meta Platforms, Amazon and Alphabet revealed stepped up capital expenditure plans that revived worries about the spending if artificial intelligence fails to become profitable.

Landmark trial accusing Meta, Google of addicting children to their platforms begins

The world's biggest social media companies face several landmark trials this year that seek to hold them responsible for harms to children who use their platforms. Opening statements in one such trial in Los Angeles County Superior Court began on Monday, February 9.

China's BYD sues US government over Trump tariffs, seeks refund of duties paid

Chinese automaker BYD has filed a lawsuit against the US government challenging President Donald Trump's bid to use sweeping authority to impose tariffs, and requesting a refund for all levies it paid since last April, court documents show.

Jimmy Lai's children look to Trump and other leaders to push China to free their father

The children of Jimmy Lai, a pro-democracy former Hong Kong media mogul and China critic, said Monday that a possible visit by President Donald Trump to Beijing in April could be “crucial” in securing the release of their 78-year-old father.

Cuba oil crisis: Air Canada, WestJet, Air Transat suspend flights as US sanctions deepen fuel shortage

Major Canadian airlines have suspended flights to Cuba after the island nation warned that aviation fuel would soon be unavailable at several airports, deepening travel disruption amid an escalating energy crisis linked to tighter US sanctions.

Home Ministry forms inter-ministerial panel to deal digital arrests; CBI takes over ₹1.64 cr fraud probe

In a bid to crack down on the rising menace of "digital arrests", the Ministry of Home Affairs (MHA) has informed the Supreme Court that it has constituted a high-level inter-departmental committee (IDC) to eliminate systemic gaps and ensure real-time protection for cybercrime victims.

Rupee falls 11 paise to 90.77 against US dollar in early trade

The rupee depreciated 11 paise to 90.77 against the US dollar in early trade on Tuesday (February 10) as the currency market continues to price in caution rather than celebration, following the India-US interim trade framework.

Vodafone Idea in focus after Kumar Mangalam Birla buys additional 45 lakh shares

Shares of Vodafone Idea Ltd. are extending gains for a second consecutive session on Tuesday, February 10, tracking continued buying by promoter Kumar Mangalam Birla.

Gold bond rules tightened: ICICI Pru AMC's Haria explains why ETFs may suit investors now

The Union Budget 2026 has tweaked the tax treatment of Sovereign Gold Bonds (SGBs), triggering sharp volatility in listed bonds and forcing investors to reassess whether SGBs remain the most efficient way to hold gold.

West Bengal tables ₹4.06 lakh crore interim Budget, focus on social welfare schemes

The West Bengal government tabled the vote-on-account budget of ₹4.06 lakh crore in the Assembly. The Mamata Banerjee government presented its interim budget ahead of the state Assembly elections, scheduled for April this year.

This mutual fund has turned ₹10,000 monthly SIP into nearly ₹16 crore in 32 years

A ₹10,000 monthly Systematic Investment Plan (SIP) invested in HDFC Balanced Advantage Fund since its launch in February 1994 would have grown to about ₹15.89 crore as of January 31, 2026, against a total contribution of ₹38.40 lakh, implying an XIRR of 18.40%, according to fund disclosures.