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Asian stocks advanced, mirroring Wall Street's record highs driven by a tech surge and strong corporate earnings. Investors are closely watching the US-China summit and geopolitical developments in Iran, while inflation concerns fuel bets on Federal Reserve rate hikes next year.
Oil prices saw a slight increase as investors awaited the meeting between U.S. President Trump and Chinese President Xi Jinping, with the Iran war a key focus. Despite U.S. sanctions, China remains a major buyer of Iranian oil, complicating efforts to resolve the conflict.
Metal stocks surged on Tuesday, mirroring a sharp rally in global base metal prices driven by supply disruptions and robust demand. Gold loan firms also advanced following a government hike in customs duty on gold and silver, aimed at curbing imports and supporting domestic prices.
Dr Reddy's Laboratories anticipates a gradual recovery this fiscal year. The company faced a profit drop last year due to US business pressures. However, operations in India, Europe, and emerging markets show healthy growth. New launches like Semaglutide and Abatacept are expected to drive future expansion. Margins are set to improve with better product mix and cost controls.
SEBI has fined former Religare Enterprises chairperson Rashmi Saluja ₹40 lakh for insider trading violations. She traded Religare shares while possessing unpublished price-sensitive information about the Burman Group's open offer. Saluja has also been ordered to return ₹1.9 crore in unlawful gains with interest.
On Wednesday, the regulator has proposed allowing municipalities to explicitly raise bonds for refinancing existing debt, while mandating detailed disclosures on lenders, repayment schedules, interest costs and any past restructuring. It has also suggested capping the use of issue proceeds towards working capital requirements at 25% and said issue proceeds should not be used for general purposes.
Global index provider MSCI has announced significant changes to its indices. Federal Bank, Indian Bank, Multi Commodity Exchange of India, and National Aluminium Company are set to join the Global Standard Index. This move is anticipated to bring substantial investment into these stocks. Adani Energy Solutions will not be added due to surveillance measures.
The Indian rupee hit a new all-time low for the third consecutive day, driven by soaring crude oil prices and increased dollar demand. Despite government efforts to curb gold imports, the rupee weakened significantly. Traders anticipate further volatility, with the Reserve Bank of India intervening to support the currency.
Investor interest in unlisted shares is decreasing. Trading volumes have fallen significantly. This slowdown is due to lower prices and fewer new share offerings. Some popular companies still see activity. However, demand has softened in sectors like defence and hospitality. A stronger stock market is expected to boost this segment again.
Three out of twelve economists anticipate the Reserve Bank of India will raise policy rates this fiscal year due to inflation concerns, while others predict a prolonged pause. Most economists expect inflation to exceed RBI's forecast for FY27, with the bond market already pricing in tighter monetary policy.
Donald Trump China Visit LIVE: The US President is on a two-day visit to China during which, he will hold a Summit with Chinese President Xi Jinping to talk trade, Iran war, disruptions caused by it and arms sale to Taiwan.
Automakers aren't ready to commit to producing vehicles that run on high ethanol blends until the fuel is widely available. Oil marketing companies, on the other hand, are unwilling to invest in storing and supplying blends such as E85 and E100 until there are enough such vehicles on the road.
Bharti Airtel's board approved a ₹28,220 crore share-swap deal with ICIL, a Mittal family entity, to increase its stake in Airtel Africa to 79%. This cashless transaction preserves company cash, boosts ICIL's holding in Bharti Airtel, and is expected to be accretive to earnings per share.
World News Today Live Updates on May 14, 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.
US Senate on Wednesday confirmed Kevin Warsh as the new Federal Reserve chair in a 54–45 vote, replacing Jerome Powell. He will lead amid Trump’s push for rate cuts and inflation concerns. Warsh, previously a Fed governor, is expected to be the wealthiest Fed chair ever
ICE personnel may be present at FIFA World Cup matches in 2026 as part of broader security support, though they will not screen attendees for immigration status. The agency is offering assistance to local and federal partners as 48 teams play across North America.
Warsh will officially take over from current Fed Chair Jerome Powell once final White House paperwork is completed. Powell’s term as chair ends Friday, although he will remain on the Federal Reserve Board as a governor.
The rise of the technology is reshaping how doctors access medical knowledge, diagnose conditions and make treatment decisions, while also sparking debate over patient safety, privacy and doctors becoming overly reliant on AI systems.
US stocks advanced with the S&P 500 and Nasdaq hitting record closing highs as AI-linked tech and chip stocks powered gains despite hotter inflation data. Producer prices surged, reinforcing expectations of prolonged Fed tightening. Markets also tracked Trump-Xi talks and rising geopolitical risks, while Morgan Stanley lifted its S&P target.
Jimmy Kimmel said his feud with Donald Trump has cost ABC billions while boosting “Jimmy Kimmel Live!” ratings. He joked about his impact at a Disney event and defended political satire, citing First Amendment protections amid ongoing disputes and criticism from the White House.
"If this is to continue for longer period of time, it is just a matter of time before the government will pass on some of the price increases," Malhotra said at a conference hosted by the Swiss National Bank and the International Monetary Fund in Switzerland on Tuesday. Excise duties had been cut while state-run fuel retailers were absorbing the increase in crude prices as the conflict continues, he added.
