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US television anchor Savannah Guthrie unexpectedly exited NBC’s Today show during a live broadcast on Wednesday, weeks after returning to work following a prolonged family crisis linked to the disappearance of her mother, Nancy Guthrie.
Petrol prices in Mumbai edged higher on Thursday to ₹103.54 per litre from ₹103.50 the previous day, as the ongoing blockade of the Strait of Hormuz continued to exert upward pressure on global crude oil markets despite tentative signals of a US-Iran peace framework.
Asian markets surged to new peaks. Japanese stocks led the rally. Investors are optimistic as the US and Iran move closer to ending their conflict. This easing of tensions is expected to lower oil prices and boost economic growth. Falling energy costs are also reducing inflation worries. Markets are watching for further developments.
Hero MotoCorp's March quarter showed strong year-on-year growth, but sequential performance was impacted by rising input costs and intense competition, particularly in the low-margin EV segment. Despite these pressures, the company expects the two-wheeler industry to grow in high single digits in FY27, with Hero MotoCorp aiming to outperform through new launches across segments.
Indian stock markets experienced a significant rally on Wednesday. Both the Nifty 50 and S&P BSE Sensex saw gains exceeding 1 percent. This surge followed a sharp drop in oil prices due to potential US-Iran accord news. Easing tensions boosted investor confidence, leading to a broad market uplift. Volatility also decreased, indicating reduced near-term risk.
India may need central bank support to attract dollar investments, potentially through forex deposit schemes, to cover exchange risks and offer competitive yields. Economists suggest higher subsidies from the RBI might be necessary to make such initiatives attractive for banks, especially given current global interest rates.
Indian government bonds experienced a significant surge on Wednesday, with the benchmark 2035 bond yield dropping 10 basis points. This rally was fueled by optimism surrounding a potential US-Iran peace deal, which is expected to lower crude oil prices, improve risk sentiment, and alleviate inflation worries. Analysts suggest a further rebound is possible if the conflict resolution materializes.
Canara Bank is selling a ₹509.37 crore loan given to Rajesh Exports. The bank is looking for buyers for this distressed debt. This move comes as the bank awaits a decision on its bankruptcy plea against the jewellery firm. Rajesh Exports is a major gold jewellery producer. The bank aims to recover its dues through this sale.
Nifty surged over 1% on Wednesday, driven by a sharp drop in crude oil prices and positive sentiment from potential de-escalation in the West Asia conflict. Analysts suggest constructive diplomatic signals, including a possible US-Iran memorandum, could lead to a sustained market re-rating if negotiations continue.
Indian markets showed resilience, climbing despite volatility, buoyed by positive global trends and falling crude oil prices. Analysts anticipate further gains, targeting 24,550 and 24,750. Key companies like BSE, Britannia, and Paytm are in focus due to quarterly results and significant news, including Zee Entertainment's lawsuit and Hyundai's commitment to India.
Microfinance lender Satin Creditcare Network announced plans to raise $20 million through dollar-denominated bonds. These bonds are slated for allotment on May 27 and will feature a SOFR-linked coupon, set at 310 basis points above the six-month SOFR. Interest payments will be made semi-annually.
India is a key innovation center for Adobe. Nearly one-third of the company's global innovation, including its Firefly AI, is driven by teams in India. Adobe's solutions help businesses adapt to agentic AI. The company sees significant growth in sectors like fashion, jewelry, and travel. Younger consumers are driving online transactions.
A handwritten note purportedly written by Jeffrey Epstein before a failed suicide attempt in 2019 has been made public for the first time, following a federal judge's order to unseal documents that had been hidden from view for years within a separate criminal case.
The Indian rupee surged 67 paise against the dollar on Wednesday, marking its steepest single-day gain in over a month. This appreciation was driven by a significant drop in crude oil prices and positive indications from Iran and the US regarding diplomatic efforts. Stocks also climbed, while bond yields fell below 7%.
At least 10 companies are considering reducing their planned IPO sizes to ensure successful listings amid declining investor appetite. This flexibility, allowed by the capital market regulator, permits companies to cut issue sizes by up to half without refiling. Sectors like NBFC, jewellery, and healthcare are among those exploring this option to navigate current market conditions.
The Reserve Bank of India has introduced new rules for the money changing sector, emphasizing banking principles and setting a ₹10 crore annual turnover threshold for authorized dealers. The central bank is tightening oversight by shifting responsibility to principal authorized dealers, strengthening accountability for customer protection and compliance in forex transactions.
Emerging market valuations are changing. South Korea and Taiwan are gaining ground on India, driven by the artificial intelligence chip sector. Their market values have seen significant growth. India's market capitalization has seen a slight decrease. This shift is influenced by key companies in the semiconductor industry.
FBI has launched a criminal leak investigation into Atlantic journalist Sarah Fitzpatrick, who reported on Kash Patel's alleged heavy drinking. New details have also emerged about Patel distributing personalised Woodford Reserve bourbon bottles during official duties aboard government aircraft.
US Iran War LIVE: Negotiations between Washington and Tehran are reportedly advancing towards a preliminary accord aimed at halting the current crisis and establishing a framework for expansive nuclear talks.
The match lived up to expectations as a high-scoring contest between two attacking sides, delivering plenty of entertainment for fans. Both teams showed why they are playoff contenders, but SRH’s superior batting depth and disciplined bowling proved decisive on the night.
Former US President Barack Obama praised New York City Mayor Zohran Mamdani, calling him an 'extraordinary talent'. His remarks came as Obama shrugged off concerns regarding an ongoing rift in the Democratic Party.
