In a significant development from yesterday, Tesla owner Elon Musk has put forward a massive acquisition bid for the artificial intelligence company OpenAI, offering $97.4 billion (approximately ₹8 lakh crore). Meanwhile, IRCTC has demonstrated strong financial performance, with its profits climbing to ₹341 crore in the third quarter (October-December) of fiscal year 2024-25, marking a 14% increase compared to last year. Today's major events to watch Now read yesterday's big news 1. Elon Musk offers $97.4 billion for OpenAI: Company CEO Sam Altman says, ‘No thank you, but we can buy Twitter for $9.74 billion’ Elon Musk, the owner of Tesla, has offered to buy artificial intelligence company OpenAI for $97.4 billion (₹8 lakh crore) through his investment firm. Musk’s lawyer, Mark Toberoff, said that Musk and his AI startup xAI and investment firms want to acquire OpenAI. They plan to turn it into a non-profit research lab with a charitable mission. 2. IRCTC profit up 14% to Rs 341 crore; Revenue rises 10% in Q3, stock down 17% in a year IRCTC posted strong quarterly results as its profits climbed to Rs 341 crore, marking a 14% year-on-year growth in the third quarter of FY25. The company's revenue showed positive momentum with a 10% increase during the same period. However, despite these improved financial metrics, IRCTC's stock performance has been challenging, with shares declining 17% over the past year. 3. Gold retreats from record high: 24-carat gold drops Rs 184 to Rs 85,481 per 10g; Silver declines Rs 1,363 Gold prices retreated from their historic peak on February 11, with IBJA reporting that 24-carat gold settled at Rs 85,481 per 10 grams, down Rs 184. Earlier that day, the yellow metal had touched a new all-time high of Rs 85,903 per 10 grams after gaining Rs 238. In the silver market, prices declined by Rs 1,363 to Rs 94,170 per kg, falling from the previous day's level of Rs 95,533. Silver remains below its record high of Rs 99,151 per kg set on October 23, 2024. 4. Modi says India's solar capacity surges 32-fold: Emerges as world's third-largest solar producer; Energy Week 2025 kicks off India's solar power capacity has grown 32-fold over the past ten years, propelling the nation to become the world's third-largest solar energy producer, Prime Minister Narendra Modi announced at the inauguration of 'India Energy Week 2025' on February 11. The PM emphasized India's pivotal role in global economic growth, highlighting the energy sector's significant contribution. He also noted the country's progress in ethanol blending, which has reached 19%, delivering multiple benefits including foreign exchange savings, reduced carbon emissions, and direct financial advantages to farmers. 5. Maruti Suzuki hikes prices: Baleno up by Rs 9,000 to start at Rs 6.7 lakh; Celerio sees Rs 32,500 increase Maruti Suzuki, India's leading automaker, has implemented a price hike of up to Rs 9,000 on its premium hatchback Baleno, effective this month. This follows the company's earlier price revisions announced in January across its model range. The new pricing structure is now in effect at both Arena and Nexa showrooms. The price adjustment impacts potential Baleno buyers who will need to factor in these revised rates for their purchase.Original Article