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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.
Lakshmir Bhandar was a flagship scheme launched by the Mamata Banerjee-led government in 2021, aimed at providing financial assistance to women from economically weaker sections of society.
Michael Pennington, the distinguished British stage and screen actor known for Shakespearean roles and Star Wars: Return of the Jedi, has died aged 82 at Denville Hall, with his death confirmed by representatives.
Gold prices are expected to remain volatile with a mild downside bias this week as traders monitor US inflation data, Donald Trump’s China visit and US-Iran talks. Technical indicators suggest cautious sentiment, while analysts recommend a sell-on-rise strategy amid resistance near higher levels.
John Neff’s timeless reminder urges investors to stay disciplined during market inflection points—those uneasy phases when trends shift, portfolios wobble, and emotions run high. While uncertainty can trigger panic, long-term wealth is built by holding conviction, avoiding impulsive decisions, and recognising that temporary pain often precedes lasting opportunity.
Separately, Prime Minister Narendra Modi on Sunday urged Indians to conserve fuel, resume work-from-home, limit non-essential overseas travel, cut cooking oil consumption and reduce fertiliser use as surging global energy prices pressure India's foreign exchange reserves.
NSE data showed the heaviest fresh call writing on SBI's 1,000 strike on Monday, signalling that investors expect any near-term rebound in the stock's price to likely be capped at that level.
