Stock Market Crash Today: Sensex Nifty50 Plunge on Oil, Rupee Woes
Sensex and Nifty50 fell sharply on Tuesday as crude oil prices surged and the rupee hit a record low, erasing over Rs 5 lakh crore in investor wealth amid global uncertainties.
Category : Business
Galgotias University Praised for Global Standard Infrastructure
Rear Admiral GK Garg (Retd) praised Galgotias University for its world-class infrastructure and student engagement, highlighting its global standards in education.
Tonik Digital Bank Achieves Profitability in Philippines
Tonik, the Philippines' first standalone digital bank, has achieved profitability, marking a milestone in the country's fintech sector. The bank's success reflects growing adoption of digital banking services.
L&T Tech Services and Emerson Partner for Engineering Innovation
L&T Technology Services and Emerson have announced a global strategic engagement to drive innovation in engineering excellence across multiple industries.
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TSMC Arizona Project Profits Amid Water, Labour Challenges
TSMC's Arizona chip plant achieves profitability despite facing water shortages and labour shortages, marking a milestone in US semiconductor manufacturing.
India Cuts Oil and Gas Royalty to Spur Investment
The Indian government has reduced royalty rates for oil and gas fields to encourage upstream investments, aiming to boost domestic production and reduce import dependence.
Indo-French Investment Conclave in Bhopal on May 12
CM Dr. Yadav's initiative brings the Indo-French Investment Conclave to Bhopal on May 12, focusing on agri, EV, technology, renewable energy, and skill development.
Stock Markets Drop in Early Trade on Oil, US-Iran Tensions
Indian stock markets fell in early trade on Monday, dragged by rising oil prices and escalating US-Iran tensions. The BSE Sensex dropped over 300 points, while Nifty slipped below 17,800.
Rupee Hits Record Low of 95.63 Against US Dollar
The Indian rupee depreciated to a historic low of 95.63 against the US dollar in early trade, driven by strong dollar demand and rising crude oil prices.
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India rationalises royalty rates for crude oil, natural gas
The Indian government has rationalised royalty rates for crude oil, natural gas, and casing head condensate to simplify regulations and boost the upstream energy sector, Union Minister Hardeep Singh Puri announced.
Rupee Slips to Record Low of 95.63 Against US Dollar
The Indian rupee extended its losing streak, falling to a record low of 95.63 against the US dollar due to rising oil prices, geopolitical tensions, and weak investor sentiment.
APTEL Accepts Engineers' Plea Against Punjab Power Tariff Cut
The Appellate Tribunal for Electricity (APTEL) has admitted a petition filed by the Punjab Engineers Association challenging the Punjab State Electricity Regulatory Commission's decision to lower power tariffs.
Deep Bond Market Key to Decouple Infrastructure Financing from Banks
NK Singh emphasizes the need for a deep bond market to separate infrastructure financing from commercial banking, reducing risk and fostering long-term growth.
Stock Market Picks: Max Healthcare, Coal India Buy; AU Small Finance Sell
Somil Mehta of Mirae Asset ShareKhan recommends buying Max Healthcare and Coal India, and selling AU Small Finance Bank on May 12, 2026.
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Analyst Calls: SBI, Titan, BoB, Swiggy, Hyundai Updates
Morgan Stanley rates SBI equal weight with Rs 980 target; Goldman Sachs bullish on Titan at Rs 5,400; CLSA upgrades Bank of Baroda; Nomura positive on Swiggy; HSBC raises Hyundai target to Rs 2,400.
NAREDCO Delhi Meet Explores TOD Policy Impact on City's Skyline
NAREDCO Delhi hosted a members meet on Transit-Oriented Development (TOD) policy, discussing its potential to transform Delhi's urban landscape with mobility-centric planning.
Stock Market Live: GIFT Nifty Hints Weak Start; Oil Above $100
GIFT Nifty signals a weak start for Sensex and Nifty50. Crude oil remains above $100 amid fragile US-Iran talks. Markets cautious as geopolitical tensions rise.
Goa Tourists Abandon Rented Vehicles, Operators Face Losses
Around 20-25% of tourists in Goa abandon rented vehicles or fail to collect ID documents, causing financial losses for operators who face insurance and damage costs.
Corporatisation of Major Ports: A New Era for Maritime India
The Indian government's plan to corporatise major ports aims to boost efficiency, attract private investment, and enhance global competitiveness in the maritime sector.
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PM Modi Austerity Pitch Spooks Markets Rupee Plunges
Indian markets fell sharply and the rupee plunged after PM Modi's austerity pitch, raising concerns over fiscal discipline and economic growth.
Modi's Gold Appeal Sparks Fear in Jewellery Industry
PM Modi's call to avoid buying gold for a year triggers concerns in the jewellery sector. GJC proposes a gold monetisation scheme to reduce imports and support livelihoods.
Birla Corp Q4 Net Profit Rises 14.8% to Rs 295 Crore
Birla Corporation Ltd reported a 14.8% rise in Q4 net profit to Rs 295 crore, with annual profit surging 89% to Rs 558 crore. Cement production hit 19 MT.
Ahmedabad Jewellers Push Gold Exchange Schemes After PM's Appeal
Following PM Modi's appeal to reduce gold imports, Ahmedabad jewellers promote exchange schemes. Rising prices shift 80% sales to swaps, with retailers introducing new offers to sustain demand.
Maharashtra to Fix Infrastructure Gaps in Chakan-Talegaon
Maharashtra will conduct a comprehensive infrastructure gap analysis in the Chakan-Talegaon corridor to support global companies' expansion, focusing on roads, power, waste management, and mobility.
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Oil Firms' LPG Warning Confuses Consumers
Oil marketing companies' warning on LPG subsidy verification using income-tax records has created confusion among consumers, especially those outside the tax net who receive Rs 24.5 per cylinder.
Fire Guts Flat in Pune Kalyaninagar Society, No Injuries
A fire caused by a short circuit gutted a 10th-floor flat in an upscale Kalyaninagar society in Pune. No injuries were reported. Electronic goods and furniture were destroyed.
CII Leaders Praise CM Yogi for UP's Economic Transformation
At a CII meeting, industry leaders lauded CM Yogi Adityanath's leadership for transforming Uttar Pradesh's economy, infrastructure, and investment climate.
Bengaluru Hotels Seek GST Relief Amid Rising Costs
Bengaluru hotels propose two GST options: retain 5% with input tax credit or reduce 18% to 5% on key expenses without ITC to ease rising costs.
J&K to Auction 12 Limestone Blocks on May 12
The Jammu and Kashmir government will auction 12 limestone blocks on May 12, aiming to boost mining revenue and industrial growth in the region.
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Locals Urge Speedy Work on Jammu-Poonch Highway
Residents demand faster construction of Jammu-Poonch highway to ease daily hardships. Delays cause traffic jams, economic losses, and access issues.
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