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Benchmark indices Sensex and Nifty ended marginally higher on Monday (May 18, 2026) after facing sharp losses in intraday trade, supported by value buying in IT and select blue-chip counters. However, a weak rupee against the U.S. dollar and rising global crude prices amid escalated tensions in West Asia capped the gains, traders said. In…
Read More “Stock markets end marginally higher on buying in IT counters” »
At the interbank foreign exchange market, the rupee opened at 96.19, then fell further to 96.39 against the U.S. dollar, registering a fall of 58 paise from its previous close. Representational image. | Photo Credit: Getty Images/iStockphoto The rupee weakened further and closed at a record low of 96.35 (provisional) against the U.S. dollar on…
Read More “Rupee settles at record low of 96.35 against U.S. dollar” »
“Amid an acute shortage of raw material and spiralling prices, jute millers in West Bengal are seeking the new Bharatiya Janata Party (BJP) government’s intervention to avert large-scale mill closures and job losses,” industry sources said. At least 14 mills across the Hooghly industrial belt have either suspended operations or are facing severe production disruptions…
Asian stocks mostly retreated and oil prices jumped on Monday (May 18, 2026) after U.S. President Donald Trump warned Tehran that the “clock is ticking” as U.S.-Iran negotiations over a permanent end to the war stall. U.S. futures fell more than 0.6%. Markets in Japan and South Korea pulled further back from their records. Tokyo’s…
Read More “Stocks fall, oil prices gain after Trump warns Iran ‘clock is ticking’” »
China has agreed to ramp up trade for U.S. agricultural products such as beef and poultry, buying at an annualised rate of $17 billion per year for 2026 and at that level for 2027 and 2028, the White House announced on Sunday (May 17, 2026). The announcement came two days after President Donald Trump returned…
Read More “China agrees to boost trade for U.S. agricultural products following Trump-Xi summit” »
The rupee opened on a weak note and slumped to an all-time low of 96.25 in early trade on Monday (May 18, 2026), as elevated crude oil prices, global uncertainty, and a stronger dollar continue to remain key risks for the domestic unit. Forex traders said higher crude oil prices, a stronger U.S. dollar, and…
Read More “Rupee falls to record low of 96.25 against U.S. dollar” »
Hundreds of companies raised a combined $70 billion by selling shares to the public in the United States last year. But 2026 could shatter records, with rocket and AI company SpaceX, ChatGPT-maker OpenAI and AI startup Anthropic all potentially making their stock market debuts. So what exactly does it take for a company to “go…
Read More “Elon Musk wants SpaceX to go public. Here’s how it works” »
A view of the Bombay Stock Exchange in Mumbai. | Photo Credit: Reuters Benchmark indices Sensex and Nifty tumbled in early trade on Monday (May 18, 2026) amid surging oil prices, weak global market trends after fresh escalation in tensions in West Asia. A drone attack targeted the Barakah nuclear facility in the United Arab…
Prudential plc, an insurer and asset manager in Asia and Africa, on Sunday (May 17, 2026) announced that it has agreed to acquire a 75% stake in Bharti Life Insurance Company Ltd, an Indian life insurer, from Bharti Life Ventures Pvt Ltd and 360 ONE Asset Management as part of a strategic repositioning of its…
Read More “Prudential plc, to acquire 75% stake in Bharti Life Insurance for ₹3,500 crore” »
The total exports were $2,448.53 million (₹20,952.26 crore) in the same month in 2025, as per the data by the industry apex body GJEPC. | Photo Credit: Reuters India’s gems and jewellery exports declined by 9.07% at $2,226.45 million (₹20,825.01 crore) in April following the West Asia conflict, the Gem & Jewellery Export Promotion Council…
Read More “India’s gems, jewellery exports down 9.07% in April at $2,226.45 million” »