Sponsored by Prashanthi Reddy
Sponsored by simplysouth
4091 articles
ChatGPT advised visiting mountain towns and suggested staying in hostels or homestays to reduce costs. It also recommended checking weather alerts, as heavy rains can disrupt internet connectivity and affect remote work.
Alpha Wave Ventures reduced its stake in Lenskart through a major open market transaction, selling 2.46% holding in the eyewear retailer. Despite the stake sale, analysts remain optimistic on Lenskart’s long-term growth, citing strong revenue potential, operational scale and improving profitability outlook.
Satin Creditcare Network reported a sharp rise in fourth-quarter profit driven by business growth, lower bad loan provisions and improved asset quality. The microfinance lender also recorded strong annual earnings growth, while assets under management expanded steadily across its lending businesses.
Despite a 50 per cent surge in input crude oil prices, petrol and diesel continue to be priced at a two-year-old rate of Rs 94.77 a litre and Rs 87.67 per litre respectively. Domestic cooking gas LPG prices were raised in March by Rs 60 per cylinder, but they are still way lower than the actual cost.
Walter Bagehot emphasised that true satisfaction comes from overcoming doubt and defying expectations. His insights highlight resilience and self-belief, urging individuals to transform negativity into motivation and focus on personal achievements in a competitive world.
Since the war broke out in the Middle East 10 weeks ago, state-owned oil marketing companies (OMCs) have ensured uninterrupted supplies of petrol, diesel and cooking gas LPG at rates that are way below cost, unlike many global energy systems that imposed rationing or passed through steep price increases.
Existing investors in Groww, including Sequoia Capital and Ribbit Capital, plan to sell shares worth Rs 4,750 crore through block deals at a discount. The proposed transaction triggered a sharp decline in the stock price amid concerns over large institutional stake sales.
Nifty extended losses for a third straight session amid heavy selling in banking, auto and energy stocks. Analysts warned of a bearish trend after technical breakdowns below key moving averages, while recommending Tata Consumer and Welspun Corp as bullish positional trading opportunities
JP Morgan's revised framework assumes that the pace of oil inventory depletion will ultimately force the Strait to reopen "one way or another," with the bank's base case anchored on a June 1 reopening following a credible announcement confirmed by both sides.
The spring IPO market is seeing a strong pickup in activity after a brief lull in March as issuers look past geopolitical uncertainty to move ahead with their listing plans.In the busiest week for big IPOs since 2021, three billion-dollar offerings are set to price, according to Renaissance Capital, a provider of IPO-focused research and ETFs.
Top industrialists, including Adani and Mittal, urged for reduced reliance on imports and stronger domestic investments to mitigate economic impacts from global conflicts. They emphasized the importance of renewable energy and AI for future resilience.
Trump first unveiled “Project Freedom” last week as part of a broader US response to rising tensions involving Iran and maritime security concerns in the Gulf region. However, the initiative was quickly put on hold after diplomatic talks and peace negotiations with Tehran gained momentum.
Zerodha co-founder Nikhil Kamath questioned the long-term suitability of dollar-backed stablecoins for India and proposed exploring a gold-linked stablecoin. He said such a model could monetise idle household gold holdings while reducing dependence on dollar-dominated digital financial systems and supporting India’s strategic interests.
At present, stock exchanges are permitted to use a maximum of 5 per cent of the interest or income generated from IPF investments for meeting expenses related to dedicated employees of the IPF Trust, administration of Investor Service Centres, and other statutory and administrative expenses such as taxes, audit fees and charity commissioner fees. However, no such provision exists for depositories.
In its settlement order, the SEBI stated that a show-cause notice sent to BofA Securities India alleged the firm's failure to maintain the structured digital database required by insider trading regulations. BofA declined to comment on the settlement order and the allegations.
HSBC raised its 2026 S&P 500 target to 7,650, citing strong corporate earnings and resilient technology stocks. The brokerage said improving AI adoption, broader market participation and easing macro conditions could potentially push the index beyond the 8,000 mark despite lingering inflation and oil price risks.
IMD predicts heavy rainfall for Tamil Nadu, Puducherry on May 15-16. Kerala will experience rain from May 14-17, while isolated thunderstorms and hailstorms are expected in northwest India and northern states. Heatwave conditions will persist in parts of Rajasthan and Gujarat.
BSE launched India’s first futures and options contracts linked to the Focused IT Index, offering investors new hedging and trading opportunities in the technology sector. The launch attracted strong participation, reflecting growing interest in sector-specific derivatives amid evolving market dynamics and global technology trends.
India has 60 days of crude oil and natural gas supply, as confirmed by the government. Defence Minister Rajnath Singh urged citizens to ‘remain calm’ and assured that measures are being taken to prevent shortages amid global disruptions.
