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Sebi has proposed allowing depositories to use up to 5% of their investor protection fund (IPF) income for administrative and statutory expenses. This move aims to align IPF trust operations with existing stock exchange frameworks. The IPF corpus for NSDL and CDSL stood at ₹87.78 crore and ₹95.18 crore respectively as of March 31, 2026.
Leading investors like Peak XV Partners and Sequoia are set to sell a portion of their stakes in digital brokerage Groww through a ₹4,750-crore block deal. This stake sale, involving nearly 4.3% of the company's equity, follows the expiry of Groww's six-month post-IPO shareholder lock-in period.
South Korean chipmakers Samsung and SK Hynix collectively posted record profits of $59.7 billion in the March 2026 quarter, surpassing India Inc's aggregate profit for any previous quarter. This surge is driven by booming AI capital expenditure, with memory chips being central to the technology.
India's market regulator, Sebi, is proposing changes to speed up fundraising for alternative investment funds. A new 'green channel' will allow certain schemes to launch immediately. The waiting period for regular AIF schemes will be reduced. Accredited investors and angel funds will see greater flexibility, with direct filings replacing merchant banker involvement.
Arcadia Mayor Eileen Wang has agreed to plead guilty to acting as an unregistered foreign agent for China, admitting she published pro-Beijing propaganda through a local news website under direct orders from Chinese government officials.
Fifteen US citizens exposed to hantavirus on the Hondius cruise ship are under observation at the National Quarantine Unit in Omaha, Nebraska, but their accommodations are closer to ship’s cabins than cold hospital rooms.
US stocks closed slightly higher as AI-driven momentum lifted semiconductor shares, even as rising crude prices and stalled US-Iran talks kept inflation worries alive. Strong earnings supported sentiment, with over 80% S&P 500 firms beating estimates. Focus now shifts to US inflation data and key macroeconomic indicators this week.
World News Today Live Updates on May 12, 2026: Stay informed on global events with our in-depth world news coverage, bringing you the latest developments across politics, economy, and culture. Discover insights into international affairs, breaking news, and the trends shaping our interconnected world, all in one place.
Bank of Baroda anticipates tighter margins this fiscal. Sticky deposit rates and restricted lending rate increases will impact profitability. The bank plans to enhance fee income to offset this. A new primary dealership business will support debt capital market expansion. Efforts are underway to strengthen subsidiaries like BoB Cards and Nainital Bank.
WhiteHawk, a leading natural gas royalty firm, is taking the stock market plunge with its initial public offering. This comes on the heels of an astonishing 615% revenue spike in 2025, mirroring the current energy market's thrumming heart as oil prices rise. With vast natural gas holdings over millions of acres, WhiteHawk plans to reward its investors with consistent dividends.
Fuel prices across the United States have risen sharply since the conflict involving the US, Israel and Iran began on February 28. According to AAA, the average national gasoline price reached $4.52 per gallon on Monday — roughly 50% higher than the average price before the conflict began.
Speaking at the Oval Office, Trump sharply criticized Iran’s response to ongoing negotiations, calling the proposal a “piece of garbage.” Trump doubled down on his criticism and said he did not even finish reading the document.
Manoj Agarwal has been appointed Chief Secretary of West Bengal under Chief Minister Suvendu Adhikari's BJP government. He had previously overseen the Election Commission-mandated Special Intensive Revision (SIR) exercise in the state ahead of the assembly elections.
Prime Minister Modi urged citizens to support austerity measures amid the West Asia crisis, recommending reduced fuel usage, limiting foreign travel, and promoting local products. He suggested online classes for schools where feasible.
The quote by French novelist Honore de Balzac, “It is easy to sit up and take notice. What is difficult is getting up and taking action,” sheds light on the gap between awareness and action.
Two Miami-Dade officers have sued Ben Affleck and Matt Damon’s production company, alleging Netflix crime drama The Rip damaged their reputations by linking fictional misconduct to a real police case.
Earlier this week, an immigration judge ordered the expedited release of Kevin’s parents — Isidoro González Avilés and Norma Anabel Ramírez Amaya — from immigration detention in Arizona, according to the news outlet.
