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Jyothy Labs shares dropped significantly after the company revealed that licence agreements for popular dishwash brand Pril and personal care brand Fa with Henkel will end in May 2026. This marks the conclusion of a long-standing partnership. Jyothy Labs is now focusing on its own brands, particularly Exo in the dishwash segment.
Foreign investors are fueling a currency-stock market spiral, despite resilient domestic earnings. Analyst Sandip Sabharwal highlights strong corporate results and steady SIP inflows as market anchors. While retail trading has cooled, patient investors can look forward to a rebound once global sentiment improves, with Indian Hotels identified as a promising long-term pick.
Japan's 10-year government bond yield reached a 29-year peak on Tuesday. This occurred despite a stable auction. Investors are keenly awaiting remarks from U.S. Treasury Secretary Scott Bessent, currently visiting Tokyo. The market is focused on potential U.S. pressure regarding Japan's monetary policy and currency. Bond yields across various maturities saw increases.
Gold jewellery stocks including Titan, Kalyan Jewellers and Senco Gold fell up to 14% in two sessions after PM Modi urged citizens to reduce gold purchases amid rising oil prices and FX pressures. Brokerages flagged possible policy signals, including import curbs and tighter capital controls, though analysts say long-term demand remains structurally strong.
Vedanta shares rallied after the Centre reduced royalty rates on crude oil and natural gas production, a move expected to lower costs for the company’s Rajasthan fields and support upstream exploration. Brokerage CLSA said the royalty cut could significantly benefit Vedanta, while investors also await the listing of its demerged entities.
Rajya Sabha MP Sudha Murty backed Prime Minister Narendra Modi’s appeal urging citizens to reduce fuel consumption and adopt virtual meetings amid the ongoing West Asia crisis.
Rani Kapur's plea submitted that she was the sole beneficiary of the entire estate of her late husband, Surinder Kapur and a 'systematic fraud' was committed on her when the assets were transferred to the 'RK Family Trust'.
Global markets remain strong, prioritizing AI and technology over West Asian conflicts. Investors believe the war will be short, allowing focus on future tech growth. The US and Europe are seen benefiting from the AI revolution. A key focus is the upcoming Trump-Xi meeting, which could define US-China tech rivalry.
Shares of Vodafone Idea fell nearly 4% after the company clarified it had not received any communication from Vodafone Group regarding a reported stake transfer proposal. The clarification followed an 8% rally triggered by reports suggesting Vodafone Plc may transfer part of its stake to strengthen Vodafone Idea’s balance sheet and fundraising efforts.
South Korea is discussing sharing the wealth generated by artificial intelligence. A government official suggested distributing AI profits, causing a stir in the stock market. Companies like Samsung and SK Hynix are seeing huge profits from AI chips. This move highlights concerns about wealth concentration and calls for broader economic benefits for citizens.
A saree worn by Indian space scientist Nandini Harinath during a key moment in ISRO’s historic Mars Orbiter Mission has found a place at the Smithsonian’s National Air and Space Museum in Washington, DC.
BMC has announced a 10 per cent water cut across Mumbai from May 15, with reservoir levels at just 23 per cent of the city's annual requirement. The cut will also affect Thane and Bhiwandi-Nizampur
Indian outbound travel may see a temporary slowdown due to rising currency pressures and recent government remarks, prompting travellers to reconsider overseas holidays. Experts anticipate behavioural shifts rather than regulatory action, with a potential pivot towards more affordable ASEAN destinations. AI is also poised to disrupt travel aggregators, shifting consumer behaviour towards direct bookings.
One MobiKwik Systems Q4 Results: One MobiKwik Systems achieved a net profit of Rs 4.38 crore in the fourth quarter of FY26. This marks a strong recovery from a net loss in the same period last year. Revenue from operations saw an 8% increase. The company's EBITDA also turned positive.
Cisco Systems is set to report Q3 FY26 earnings on May 13, with investors closely watching AI infrastructure demand, hyperscaler spending, margins and guidance amid rising optimism around networking and cloud growth opportunities.
Indian markets experienced volatility as geopolitical tensions and rising fuel prices fueled investor caution, leading to a shift towards defensive sectors. Despite near-term range-bound trading, long-term opportunities are seen in select sectors, though gold stocks and capital goods face valuation concerns.
State Bank of India's margin drop was a key event. Analysts suggest the worst may be over for banks. Private sector banks are expected to perform well in FY27. Foreign investor flows are seen as a key factor for stock performance. HDFC Bank and Axis Bank are top picks. Paytm is also favored for its payment services.
Afcons Infrastructure shares jumped over 5% after the company secured its largest-ever international project—a Rs 7,544 crore railway construction and rehabilitation order in Croatia. The win marks Afcons’ entry into the European infrastructure market, boosting sentiment as mutual funds raised stakes and technical indicators signalled strengthening momentum.
Indian IT stocks tumbled sharply as Infosys, TCS, HCLTech and others fell up to 5%, dragging the Nifty IT index down 3%. The selloff followed OpenAI’s launch of its Deployment Company, renewing fears of accelerated AI-led disruption. Weak sentiment persisted despite a record-high Wall Street rally and a weaker rupee.
