In corporate developments, Tata Trusts has again deferred a key board meeting that was expected to discuss board-level changes at Tata Sons Pvt Ltd and potential listing plans. Coal India Ltd received approval for the listing of Mahanadi Coalfields Ltd with up to a 25% stake sale through IPO and OFS routes.
On the global front, Donald Trump said tariffs were not discussed during talks with Chinese President Xi Jinping at the Beijing summit and added that no commitments were made on Taiwan. Trump also said China would buy Boeing aircraft and US farm goods, while discussions touched on Iran oil sanctions and Nvidia chip sales.
Rupee sinks to all-time low of 96 against dollar
Rupee hits record low at 96.11 against US dollar, pressured by strong dollar, higher crude oil prices and global risk aversion, outlook hinges on oil and policy.
Fuel Price Hike: HPCL, BPCL, IOC shares fall up to 3%; here’s how they are impacted
Industry estimates suggest that a hike of nearly ₹10 per litre for petrol and ₹15 per litre for diesel would be required for OMCs to fully break even at current crude price levels.
Trump on China Summit: Tariffs ‘not brought up’, no Taiwan commitment
Trump says tariffs were not discussed with Xi at the Beijing summit, no Taiwan commitments were made; claims China will buy Boeing jets and US farm goods, notes talks on Iran oil sanctions and Nvidia chip sales.
Iran’s objections block BRICS joint statement, say sources; India issues Chair’s Statement instead
Top diplomats from BRICS nations failed to issue a joint statement after a two-day foreign ministers’ meeting in New Delhi, with India instead releasing a Chair’s Statement reflecting differing views among members on the West Asia crisis.
Brookfield sees long-term opportunity in India despite market volatility
Brookfield had set a target of reaching $100 billion in assets under management by 2030, and Deputy Global Chief Investment Officer Ankur Gupta says the firm is on track — and may get there earlier than planned. He said the goal remains unchanged and credited the strong compounding effect of Brookfield’s existing business portfolio in India as a key reason for that confidence.
Coal India gets nod for Mahanadi Coalfields listing with up to 25% stake sale via IPO, OFS
The disinvestment and capital raising may be undertaken either simultaneously or separately, in one or more tranches, with the overall limit set at reducing Coal India Ltd’s shareholding in MCL by up to 25%. Shares of Coal India Ltd ended at ₹462.15, up by ₹8.35, or 1.84%, on the BSE today, May 15.
Exclusive: Tata Trusts defers key board meeting again amid Tata Sons listing discussions, say sources
The board meeting of Tata Trusts scheduled for May 16 has been deferred till further notice for the second time, sources said. The meeting was expected to discuss key matters related to board-level inclusions at Tata Sons and the possible listing of Tata Sons.
Putin condoles loss of lives in UP storm
Russian President Vladimir Putin on Friday expressed condolences over the heavy casualties and damage caused by a storm that hit India’s Uttar Pradesh.
NEET UG re-examination announced: Education Minister says test to be online from 2027
The National Eligibility cum Entrance Test (NEET) Undergraduate exam will be conducted on Sunday, June 21, the National Testing Agency (NTA) announced on May 15.
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