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INDIA BUSINESS | Fri, 15 May 2026, 9:09PM IST After nearly two years of legal escalation, the case appears headed toward resolution through negotiated settlements rather than a courtroom trial

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5m

GLOBAL NEWS | Fri, 15 May 2026, 8:47PM IST On Threads and other sites, liberal-minded Chinese accounts were mocking the proceedings and offering a rare window into opinions on Xi Jinping and his leadership style.

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INDIA BUSINESS | Fri, 15 May 2026, 8:32PM IST Indias consumption of petrol rose 6.36% in April compared with the same month last year, whilst that of diesel stayed nearly flat

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42m

INDIA BUSINESS | Fri, 15 May 2026, 8:20PM IST Tata Steel posted a sharp rise in fourth-quarter profit, supported by stronger India deliveries, improved product mix and cost transformation across regions

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GLOBAL NEWS | Fri, 15 May 2026, 8:17PM IST The Trump administration has authorized a test program to see if the cannabis compound can ease some symptoms and reduce health care costs among older patients.

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INDIA BUSINESS | Fri, 15 May 2026, 8:06PM IST Welspun Living Ltd on Friday reported a 20 per cent decline in consolidated net profit to Rs 106.16 crore in the fourth quarter ended March 31, 2026, impacted by US tariff disruptions and the West Asia conflict. The home textiles manufacturer, which had posted a consolidated net profit of Rs 132.8 crore in the corresponding period of the preceding fiscal, said its board has approved a Rs 252 crore share buyback proposal. Consolidated revenue from operations in the fourth quarter of FY26 stood at Rs 2,435.43 crore as against Rs 2,645.9 crore in the year-ago period, Welspun Living said in a regulatory filing. Total expenses in the quarter under review stood at Rs 2,326 crore, compared to Rs 2,479.83 crore in the same period a year ago. The board of directors in its meeting held on May 15, 2026, also recommended a final dividend of 10 paisa per equity share with a face value of Re 1 each for FY 2025-26, subject to shareholders' approval at the ensuing annual general meeting. For FY26

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1h

INDIA BUSINESS | Fri, 15 May 2026, 8:06PM IST Alembic Pharmaceuticals Ltd on Friday reported a 29 per cent rise in consolidated net profit at Rs 202.7 crore in the fourth quarter ended March 31, driven by revenue growth across segments. The company had posted a consolidated net profit of Rs 156.89 crore in the corresponding period of previous fiscal, Alembic Pharmaceuticals said in a regulatory filing. Consolidated revenue from operations in the fourth quarter stood at Rs 1,847.72 crore as against Rs 1,769.64 crore in the year-ago period, it added. Total expenses in the quarter under review were at Rs 1,730.94 crore as compared to Rs 1,591.22 crore in the same period a year ago, the company said. Alembic Pharmaceuticals Ltd Managing Director Pranav Amin said,"Q4FY26 reflects disciplined execution across our businesses, supported by continued focus on profitability, operational delivery and long-term growth investments." He further said, "We delivered revenue growth across key segments while maintaining healthy pre-R&D ...

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INDIA BUSINESS | Fri, 15 May 2026, 8:05PM IST The fundraising may take place over the next three to four quarters, or by early next year, the people said. If carried out, it would mark the first US-listed debt issuance by an Adani Group firm

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1h

GLOBAL NEWS | Fri, 15 May 2026, 7:52PM IST Hopes for an end to the war in Iran faded after President Trump failed to secure a commitment from China to help persuade Iran to reopen the Strait of Hormuz.

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1h

INDIA BUSINESS | Fri, 15 May 2026, 7:48PM IST The Reserve Bank of India will conduct a seven-day variable rate repo auction worth Rs 1 trillion to manage evolving liquidity conditions in the banking system

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INDIA BUSINESS | Fri, 15 May 2026, 7:46PM IST Dubai's Emirates NBD has secured all necessary approvals for its significant investment in RBL Bank. This landmark deal, valued at approximately $3 billion, will see Emirates NBD acquire a majority controlling stake. The transaction is set to be completed soon. RBL Bank will operate as a foreign bank subsidiary. This marks a major cross-border investment in India's financial sector.

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1h

INDIA MARKET | Fri, 15 May 2026, 7:43PM IST Sebi said CBDT has relaxed PAN allotment-related requirements for FPIs to ease onboarding and compliance amid sustained overseas outflows from Indian equities

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INDIA BUSINESS | Fri, 15 May 2026, 7:41PM IST Tencent has committed over Rs 10 crore towards skilling, mentorship and ecosystem development initiatives for India's gaming and AVGC sectors

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INDIA MARKET | Fri, 15 May 2026, 7:41PM IST Sebi and CBDT relaxed PAN compliance requirements for foreign portfolio investors after concerns over complex onboarding rules. The clarifications simplify documentation, contact disclosures and taxpayer identification requirements, aiming to maintain seamless foreign investor access and improve ease of doing business in Indian financial markets.

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INDIA BUSINESS | Fri, 15 May 2026, 7:39PM IST Air India's transformation is going to be a "long game, and there is no shortcut", its co-owner, Singapore Airlines' CEO Goh Choon Phong, said on Friday as he mentioned that the Indian carrier is facing various challenges, including Pakistan airspace closure and rupee depreciation. At a briefing to discuss Singapore Airlines (SIA) Group's financial results for the 2025-26 financial year, he also said that Air India has "largely external challenges". Singapore Airlines on Thursday reported a 57.4 per cent decline in net profit at SGD 1.184 billion in the fiscal year ended March 2026, mainly due to the absence of a prior-year one-off accounting gain related to the Vistara merger, and Air India losses. Air India's loss stood at more than SGD 3.56 billion (over Rs 26,700 crore) in the financial year ended March 2026, as the carrier grappled with the fallout of airspace curbs and other headwinds, as per the figures disclosed by the SIA Group in its financial report for 2025-26. Goh Choo

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INDIA MARKET | Fri, 15 May 2026, 7:31PM IST Trump said his patience with Iran was running out and that Chinese President Xi Jinping had agreed during their talks in Beijing that Tehran must reopen the strait

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INDIA MARKET | Fri, 15 May 2026, 7:31PM IST Trump said his patience with Iran was running out and that Chinese President Xi Jinping had agreed during their talks in Beijing that Tehran must reopen the strait

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INDIA MARKET | Fri, 15 May 2026, 7:31PM IST Record date is 12 June 2026

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INDIA MARKET | Fri, 15 May 2026, 7:31PM IST Due to non-visibility of approvals required to be obtained by MWC, the parties have mutually decided to terminate the agreement to lease.

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INDIA MARKET | Fri, 15 May 2026, 7:31PM IST At meeting held on 15 May 2026

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INDIA BUSINESS | Fri, 15 May 2026, 7:27PM IST Irdai said fresh regulations and amendments to existing insurance norms will be completed within six months of implementing the amended insurance law framework

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INDIA MARKET | Fri, 15 May 2026, 7:26PM IST The government approved the listing and disinvestment of Mahanadi Coalfields through an IPO, enabling Coal India to dilute up to 25% stake. MCL may raise fresh capital through multiple routes, marking another major PSU divestment initiative aimed at expanding investor participation in state-owned enterprises.

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1h

INDIA NEWS | Fri, 15 May 2026, 7:22PM IST India's foreign exchange reserves increased to $696.99 billion in the week ended May 8, led by a sharp rise in gold reserves, according to RBI data

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INDIA MARKET | Fri, 15 May 2026, 7:21PM IST BSE has rapidly expanded its derivatives business through Sensex weekly options, sharply increasing turnover, market share and profitability. Lower transaction costs, rising retail participation and algorithmic trading boosted volumes, while derivatives growth significantly strengthened BSEs revenue, earnings and position in Indias booming options market.

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1h

INDIA MARKET | Fri, 15 May 2026, 7:16PM IST JSW Energy has successfully commissioned ~250 MW of renewable energy capacity (130 MW of Wind, 69.4 MW of Solar and 50 MW of Tidong Hydro Plant) since April'26. With this, the total installed capacity stands at 13.7 GW.

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1h

INDIA BUSINESS | Fri, 15 May 2026, 7:14PM IST Punjab government schools have achieved a remarkable 100% pass rate in the PSEB Class 12 examinations. Girls have once again demonstrated academic superiority, excelling in both merit and overall pass percentages. This success reflects significant improvements in government educational institutions. Three students achieved perfect scores, with the Chief Minister congratulating them and promising support for their future endeavors.

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2h

INDIA MARKET | Fri, 15 May 2026, 7:13PM IST The changes, which have come into force with immediate effect, are aimed at providing greater flexibility to InvITs in managing funding requirements.

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INDIA MARKET | Fri, 15 May 2026, 7:10PM IST Wall Street indexes opened sharply lower on Friday, as inflation fears triggered by the Middle East conflict drove up Treasury yields and threatened to halt an AI-fueled rally.

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INDIA MARKET | Fri, 15 May 2026, 7:10PM IST Wall Street declined as rising Treasury yields and inflation concerns tied to the Middle East conflict weighed on sentiment. Tech stocks led losses, with chipmakers sliding, while markets priced in higher odds of a Fed rate hike amid persistent price pressures.

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2h

INDIA MARKET | Fri, 15 May 2026, 7:09PM IST ITC Hotels posted strong FY26 growth with higher revenue, profit and record hotel signings. The company acquired a luxury resort in Kumarakom, expanded its managed pipeline, maintained industry-leading RevPAR and outlined plans to scale operations to 250 hotels by 2031.

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2h

INDIA BUSINESS | Fri, 15 May 2026, 7:04PM IST A Supreme Court committee now requires prior written approval for any property deals in Supertech Realtors' Noida 'Supernova' project. This applies to sales, transfers, and creation of third-party rights. Transactions without this permission will be void. The committee aims to revive the stalled project, with PwC appointed as Transaction Advisor. Justice M M Kumar chairs the committee.

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2h

INDIA MARKET | Fri, 15 May 2026, 6:59PM IST SBI report says another 2 depreciation wipe out oil co's gain; Bond yields harden after fuel price hike

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2h

INDIA MARKET | Fri, 15 May 2026, 6:59PM IST The SC has introduced virtual hearings, carpooling and partial work-from-home measures amid the fuel crisis.

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INDIA BUSINESS | Fri, 15 May 2026, 6:55PM IST State-owned Hindustan Copper Ltd on Friday reported a 137.3 per cent surge in net profit to Rs 444.27 crore for the quarter ended March 31, 2026, on the back of higher revenue. The company had posted a consolidated net profit of Rs 187.18 crore in the year-ago period. The consolidated revenue from operations during the fourth quarter rose by 58 per cent to Rs 1,156 crore, compared to Rs 731.40 crore a year ago, Hindustan Copper said in a regulatory filing. The board recommended a final dividend of Rs 1.86 per share for FY2025-26, subject to the requisite approvals, the company said. The board also approved a proposal for raising up to Rs 500 crore via non-convertible debentures (NCDs) on a private placement basis. The board of directors also gave the nod to raise funds via Qualified institutional Placement (QIP) of up to 9.69 crore equity shares for funding the capital expenditure and expansion plans approved by the Cabinet Committee on Economic Affairs (CCEA), the filing ...

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INDIA MARKET | Fri, 15 May 2026, 6:54PM IST Emirates NBD, one of the largest banks in the middle east, will acquire up to 74% stake in RBL.

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INDIA BUSINESS | Fri, 15 May 2026, 6:52PM IST The Reserve Bank of India has fined IIFL Finance Rs 3.1 lakh for not returning surplus amounts from gold auctions to borrowers. Appnit Technologies faces a Rs 5.8 lakh penalty for KYC and PPI rule violations. These actions stem from regulatory compliance deficiencies identified during inspections. The RBI's move highlights its commitment to enforcing financial regulations.

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INDIA MARKET | Fri, 15 May 2026, 6:51PM IST Nabard withdrew its planned Rs 7,000-crore bond reissuance after weak investor response and demands for higher yields amid volatile market conditions

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