The Latest News

Q4 Results Live Updates: Welspun Profit Falls Despite Higher Other Income; Devyani Loss Narrows

Cochin Shipyard, Tata Steel, Premier Energies among companies to report earnings today.

Govt Shielding Citizens From Full Global Oil Shock Despite Massive OMC Losses: Sources

Petrol under-recoveries are currently estimated at around Rs 26 per litre, while diesel under-recoveries are as high as Rs 82 per litre. In that context, officials indicated that even a modest Rs 3 hike would account for only a fraction of the financial burden...

‘Free, Open & Safe Hormuz Our Highest Priority’: PM Modi Stresses ‘Dialogue & Diplomacy’ In Talks With UAE President

PM Modi highlighted the importance of dialogue and diplomacy to resolve the ongoing conflict in the Middle East.

Sovereign Patent Funds — Are They A Feasible Alternative To Bilateral Licensing Or Patent Pools In India?

Licensing structures must be designed according to business requirements and industry realities, both domestic and global.

Here’s How Digital, Physical, And Inherited Gold Are Taxed—Rules For Indians And NRIs Explained

From physical gold to digital gold and inherited assets, different tax rules apply, including GST on purchases and capital gains tax on sales.

Why Your Income Alone Doesn’t Guarantee A Home Loan Approval

This simple ratio often becomes the deciding factor between approval and rejection, making it one of the most important numbers in your loan application journey.

Flipkart IPO Pushed To 2028? Walmart Asks E-Commerce Giant To Hold Off On Listing This Year

A 2028 timeline would give Flipkart additional runway to strengthen its financials and profitability metrics ahead of public scrutiny.

Dharmendra Pradhan Breaks Silence On NEET-UG Paper Leak: ‘Breach In Command chain. We Accept…’

The government took responsibility after a NEET-UG 2026 paper leak led to exam cancellation. A re-exam is set for June 21, while the CBI investigates allegations of leaked papers sold through organised networks.

Drake Releases Three New Albums: ‘Iceman’, ‘Habibti’ And ‘Maid of Honour’ — Out Now

This release marks Drake's first major comeback since 'For All the Dogs' in 2023 and his 2024 rap battle with Kendrick Lamar, marking the new music project as a bold statement of creative comeback.

600-Kg Silver-Laden Van Overturns On Mumbai-Ahmedabad National Highway

A van carrying silver bricks worth Rs 17.66 crore overturned on Charoti flyover on the Mumbai-Ahmedabad highway. The driver sustained minor injuries and received medical aid.

Stock Market Hits New Highs While Bitcoin, Crypto Lag—Analysts Offer Different Explanations

Influential cryptocurrency analysts shared their take on Thursday on why stocks are reaching new all-time highs while Bitcoin (CRYPTO: BTC) and the broader cryptocurrency market continue to lag.

The AI-Trade Factor

Widely followed X user The ₿itcoin Therapist shared an image, contrasting the S&P 500 hitting new all-time highs, currently at 7,501, with Bitcoin, which is still down 36% from its October highs.

Willy Woo, a vocal Bitcoin advocate and commentator, framed the market divergence as capital reallocating toward AI.

“Stock indices up-only is tracking money entering big league AI. Take a look at SaaS; they also took a dive. Capital is reallocating into the next big thing,” Woo said.

They may well be right.

Full story available on Benzinga.com

US Market News

Two Signs Of An Invisible Recession The Market Keeps Ignoring

As the S&P 500 continues to print new highs and the market digests the latest AI IPO debut, it may be overlooking two corners of the economy flashing warning signs — pawnshops and fast food. Together, these segments suggest the U.S. may already be in a recession...

Oil prices jump after Trump says China agreed to buy U.S. crude following Xi talks

Oil prices rose Friday on news that China has agreed to purchase oil from America

UAE fast tracks second West-East oil pipeline to bypass Strait of Hormuz

The second pipeline project comes as global energy supplies remain under pressure and flows through the Strait of Hormuz remain severely limited

Trump-Xi summit: the 3 big takeaways from historic meeting in Beijing

The two-day meeting wrapped up Friday, setting the tone for further U.S.-China talks this year.

Live Q&A: Ask Me Your Questions About EVs

Join a real-time, written chat with Christopher Mims from 10 a.m. to 11 a.m. ET on Wednesday, May 20. WSJ subscribers can submit their questions at any time in the comments space below.

Used EVs Are Now the Most Affordable Cars. Here’s How to Buy a Good One.

With rising oil prices and more used EVs coming off leases, the total cost of ownership equation has flipped.

Indian Market News

Rupee slides to record low, crosses 96 vs USD for the first time

The Indian rupee hit a record low against the dollar on Friday, pressured by rising crude oil prices, a strong US dollar, and hawkish US policy comments. Persistent foreign capital outflows and a widening trade deficit further weakened the currency. Global uncertainties and a lack of AI investment opportunities are impacting capital flows.
IndiGrid FY26 Revenue Surges 45% to ₹4,768 Crore Amid Strategic Asset Expansion

IndiGrid FY26 Revenue Surges 45% to ₹4,768 Crore Amid Strategic Asset Expansion

Synopsis: IndiGrid Infrastructure Trust (formerly India Grid Trust) has delivered a robust financial performance for the fiscal year ended March 31, 2026, with consolidated revenue from contracts with customers surging to Rs. 4,768.38 crore from Rs. 3,287.64 crore in FY25  a year-on-year jump of approximately 45%. Alongside its earnings, the Trust made multiple strategic acquisitions […]

The post IndiGrid FY26 Revenue Surges 45% to ₹4,768 Crore Amid Strategic Asset Expansion appeared first on Trade Brains.

Ambani Group Stock in Focus After Morgan Stanley Bought 26,75,853 Shares

Ambani Group Stock in Focus After Morgan Stanley Bought 26,75,853 Shares

Synopsis: Jio Financial Services witnessed a Rs. 61.92 crore block deal as Goldman Sachs sold 26.75 lakh shares, while Morgan Stanley acquired the shares at Rs. 231.45 each. This Reliance Group Stock, engaged in providing digital financial services, including lending, insurance, payments, asset management, and financial technology solutions across India, is in focus after Morgan […]

The post Ambani Group Stock in Focus After Morgan Stanley Bought 26,75,853 Shares appeared first on Trade Brains.

Jyoti Structures Secures Sri Lanka Wind Project JV; Q4 Net Profit Jumps 52%

Synopsis: As Sri Lanka races toward its 70% renewables target, Jyoti Structures has signed a joint venture with Hayleys Fentons to construct a 220kV double circuit transmission line under the Mullikulam Wind Power Transmission Project  a contract awarded by the country’s national grid operator that arrives on the back of a Q4 FY26 net profit […]

The post Jyoti Structures Secures Sri Lanka Wind Project JV; Q4 Net Profit Jumps 52% appeared first on Trade Brains.

Crypto Market News

Stock Market Hits New Highs While Bitcoin, Crypto Lag—Analysts Offer Different Explanations

Influential cryptocurrency analysts shared their take on Thursday on why stocks are reaching new all-time highs while Bitcoin (CRYPTO: BTC) and the broader cryptocurrency market continue to lag. The AI-Trade Factor Widely followed X user The ₿itcoin Therapist shared...

Strategy’s STRC stock logs record $1.5 billion trading volume, funds 11,707 bitcoin purchase

Heavy trading volume ahead of the ex-dividend date pushed STRC to its busiest session on record.

Signal hints it could leave Canada over lawful access bill

Signal's vice president of strategy said the firm “would rather pull out of the country” than comply with Bill C-22, which could threaten end-to-end encryption.

Australia’s proposed CGT changes could discourage long-term crypto holding

Robin Singh, CEO and founder of Koinly said the changes will hurt low-income crypto investors most and could encourage more short-term trading.

The U.S. stock market is getting close to dot-com bubble peak valuations

The Shiller cyclically adjusted price-to-earnings ratio for U.S. stocks is nearing the 1999 peak seen during the dot-com bubble.

Crypto Billionaire Changpeng Zhao Revealed In A Podcast He’d Never Sat In A Lamborghini—Then He Got A Surprise

Binance (CRYPTO: BNB) co-founder Changpeng “CZ” Zhao recounted on Thursday a moment from a recent interview, in which the host surprised him with a moving gesture. The ‘Lamborghini’ Surprise CZ appeared on Patrick Bet-David's podcast earlier this week, where they...

Kraken joins LayerZero exodus as it switches to Chainlink CCIP

LayerZero has come under scrutiny since it was exploited in April, as crypto protocols reevaluate their cross-chain providers and seek safer alternatives.

Strategy’s STRC hits record $1.5B trading volume

Strategy has leaned on Stretch to fund Bitcoin buys over the past 12 months as funding through senior convertible notes and at-the-market equity offerings has tightened.

Bullish shares dip on Q1 earnings miss, $605M loss

Bullish stock dropped in trading with the crypto exchange’s first-quarter earnings miss, adding to the crypto companies that have underperformed in the quarter.

CLARITY will strengthen dollar stablecoins, but Asia wins on yield: HashKey Research

HashKey says U.S. regulatory clarity may unlock institutional adoption of crypto and reinforce USD stablecoins globally, though stricter yield rules could push capital toward Asian markets offering higher returns.

Elon Musk’s Wealth Eclipsed By Michael Saylor? Bitcoin Maxi Says It Could Happen If BTC Hits This Level — Here’s The Fuller Picture

Cryptocurrency veteran Samson Mow projected on Wednesday that Strategy Inc. (NASDAQ:MSTR) Chair Michael Saylor will overtake Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk as the world’s richest individual if Bitcoin (CRYPTO: BTC) hits roughly $4.2 million apiece. Mow’s...

Gemini reports 42% revenue growth after expansion into financial services

Gemini credit card revenue surged nearly 300% to $14.7 million in Q1, attributed to significant growth in its user base.

Cardano whales now hold 67% of ADA supply in highest share since 2020

Wallets holding at least one million ADA now control 25.09 billion tokens, the highest share since July 2020, even as Cardano's TVL has bled to $137 million from a December 2024 peak of $686 million, per Santiment and DefiLlama data.

Lawyer behind Arbitrum crypto seizure fight now targets Tether for $344 million

Charles Gerstein wants a federal judge to order Tether to transfer OFAC-frozen USDT tied to Iran’s Revolutionary Guard to victims holding unpaid terrorism judgments

The two- and ten-year Treasury yields hit a 12-month high. Bitcoin is still stuck below its 200-day average.

Rising yields may act as a headwind for assets like bitcoin and gold while potentially benefiting tokenized Treasury markets.

Cynthia Lummis Posts Laser Eyed ‘Game Of Thrones’ Meme As Crypto Bill Advances In Senate, Elizabeth Warren Issues Dire Warning

Sen. Cynthia Lummis (R-Wyo.) signaled strong bullish conviction on cryptocurrency after the Clarity Act cleared a major vote in the Senate on Thursday. The GoT Reference Lummis posted an AI-generated image depicting her in a Game of Thrones-like setting, featuring...

Crypto data company Dune cuts 25% of staff in restructuring

Dune co-founder and CEO Fredrik Haga says the company’s staff cuts come as it shifts focus and is “all-in” on AI and institutional interest in crypto.

Strive rallies 5.8% as it clears debt in Q1, unveils daily dividends

Strive reported a net loss of $265.9 million for Q1, which it attributed to the fall in market value of its Bitcoin holdings, but saw its shares on its move to pay SATA holders dividends every business day starting in June.

XRP, DOGE surge 5%, bitcoin above $81,000 as CLARITY Act clears Senate banking panel

Crypto majors bid higher Friday after the Digital Asset Market Clarity Act cleared the Senate Banking Committee in a 15-9 bipartisan vote, with XRP and dogecoin leading the cohort even as broader risk assets sold off on Trump's comments that the US does not need to...

Bitcoin, Ethereum, XRP, Dogecoin Jump After Crypto Act Passes Key Senate Vote: Analyst Says BTC ‘Positioned’ For A Rebound Toward $86,000

Leading cryptocurrencies were up in the green on Thursday after the Clarity Act passed the Senate Banking Committee on a bipartisan vote. Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:05 p.m. EDT) Bitcoin (CRYPTO: BTC) +2.46% $81,561.50 Ethereum (CRYPTO:...