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What is the story about?
Markets recovered from the day’s lows on Monday to end largely flat, even as broader markets remained under pressure and the rupee slipped to a record low against the dollar. Investors tracked a mix of corporate earnings, geopolitical developments and macroeconomic signals through the session.
Globally, attention remained on West Asia after Iran announced a new authority to oversee the Strait of Hormuz, while India reiterated that it would continue buying Russian crude irrespective of the expiry of the US waiver. PM Narendra Modi, meanwhile, said India-Europe ties were entering a “golden age” after Norway pledged $100 billion in investments across key sectors.
Back home, ICICI Prudential Life shares slumped over 8%, Jana Small Finance Bank approved a ₹728 crore fund raise, and reports suggested HDFC Bank interim chairman Keki Mistry may receive another extension. In technology, Salesforce’s Vala Afshar warned companies risk irrelevance if they fail to adapt to AI. Politics and global health also stayed in focus, with VD Satheesan taking oath as Kerala Chief Minister and the WHO declaring Ebola a global health emergency.
Sensex ends 77 points higher after recovery from day’s lows; Midcaps underperform
The equity benchmark indices BSE Sensex and NSE Nifty staged a recovery from the day’s lows to close near the flatline on Monday (May 18), while broader markets underperformed and market breadth remained tilted in favour of declines.
Read more
Also read: Rupee falls to 96.17 against dollar for first time: What is driving the slide
Iran announces new Strait of Hormuz authority PGSA amid transit negotiations
Iran’s Supreme National Security Council on Monday officially announced the formation of the Persian Gulf Strait Authority (PGSA), a new body tasked with managing the Strait of Hormuz amid heightened tensions with the United States.
Read more
India to keep buying Russian oil irrespective of US waiver; OMC losses down to ₹750 crore/day: Oil Ministry
India will continue to source Russian crude irrespective of a US waiver, with the oil ministry asserting that such purchases are commercial decisions. The US waiver for India on importing Russian oil ended over the weekend, but officials maintained that this will not affect crude availability.
Read more
PM Modi says India-Europe ties entering ‘golden age’ as Norway pledges $100 billion investment Prime Minister Narendra Modi on Monday said India and Europe are stepping into a “golden age” of relations as Norway announced plans to invest $100 billion in India across key sectors, including trade, technology and clean energy.
Read more
Explained - Here's why ICICI Prudential Life Insurance shares fell over 8% on Monday
Shares of ICICI Prudential Life Insurance are down 21% so far in 2026, underperforming its peers such as HDFC Life, which is down 19%, LIC, which has declined 6%, and SBI Life, which is down 9% so far this year. The stock though, continues to trade above its issue price of ₹334.
Read more
Jana Small Finance Bank approves ₹728 crore fund raise via preferential issue; Check list of investors
Jana Small Finance Bank's board of directors, have approved a preferential warrant issue, on Monday, May 18, to raise up to ₹728.5 crore from six institutional and individual investors.
Read more
Companies ignoring AI risk becoming irrelevant, warns Salesforce's Vala Afshar
In a wide-ranging interview with CNBC-TV18, Vala Afshar, Chief Digital Evangelist at Salesforce, made one thing clear: the window for businesses to decide on agentic AI is closing. With Salesforce down 31%, SAP down 28%, and ServiceNow down 35% year to date, the question of whether traditional enterprise software can survive the AI wave has never been more urgent. For Afshar, it is less a threat than a moment of reckoning.
Read more HDFC Bank's interim chair Keki Mistry may get another 90-day extension
Keki Mistry took over as the interim Chairman of India's largest private bank in March, after the unexpected exit of Atanu Chakraborty.
Read more
VD Satheesan takes oath as Kerala CM, 20-member Cabinet takes charge
Congress leader VD Satheesan took oath as the new Chief Minister of Kerala on Monday, May 18. Alongside Satheesan, a 20-member Council of Ministers also took oath at the Central Stadium in Thiruvananthapuram as the new United Democratic Front (UDF) government formally assumes office.
Read more WHO declares Ebola ‘global health emergency’: How does it spread, symptoms and prevention
The World Health Organisation (WHO) has declared the Ebola outbreak in the Democratic Republic of the Congo and Uganda a public health emergency of international concern (PHEIC) on May 17. The outbreak, centred in the eastern Ituri province, has already seen around 246 suspected cases and 80 deaths.
Read more
Globally, attention remained on West Asia after Iran announced a new authority to oversee the Strait of Hormuz, while India reiterated that it would continue buying Russian crude irrespective of the expiry of the US waiver. PM Narendra Modi, meanwhile, said India-Europe ties were entering a “golden age” after Norway pledged $100 billion in investments across key sectors.
Back home, ICICI Prudential Life shares slumped over 8%, Jana Small Finance Bank approved a ₹728 crore fund raise, and reports suggested HDFC Bank interim chairman Keki Mistry may receive another extension. In technology, Salesforce’s Vala Afshar warned companies risk irrelevance if they fail to adapt to AI. Politics and global health also stayed in focus, with VD Satheesan taking oath as Kerala Chief Minister and the WHO declaring Ebola a global health emergency.
Sensex ends 77 points higher after recovery from day’s lows; Midcaps underperform
The equity benchmark indices BSE Sensex and NSE Nifty staged a recovery from the day’s lows to close near the flatline on Monday (May 18), while broader markets underperformed and market breadth remained tilted in favour of declines.
Read more
Also read: Rupee falls to 96.17 against dollar for first time: What is driving the slide
Iran announces new Strait of Hormuz authority PGSA amid transit negotiations
Iran’s Supreme National Security Council on Monday officially announced the formation of the Persian Gulf Strait Authority (PGSA), a new body tasked with managing the Strait of Hormuz amid heightened tensions with the United States.
Read more
India to keep buying Russian oil irrespective of US waiver; OMC losses down to ₹750 crore/day: Oil Ministry
India will continue to source Russian crude irrespective of a US waiver, with the oil ministry asserting that such purchases are commercial decisions. The US waiver for India on importing Russian oil ended over the weekend, but officials maintained that this will not affect crude availability.
Read more
PM Modi says India-Europe ties entering ‘golden age’ as Norway pledges $100 billion investment Prime Minister Narendra Modi on Monday said India and Europe are stepping into a “golden age” of relations as Norway announced plans to invest $100 billion in India across key sectors, including trade, technology and clean energy.
Read more
Explained - Here's why ICICI Prudential Life Insurance shares fell over 8% on Monday
Shares of ICICI Prudential Life Insurance are down 21% so far in 2026, underperforming its peers such as HDFC Life, which is down 19%, LIC, which has declined 6%, and SBI Life, which is down 9% so far this year. The stock though, continues to trade above its issue price of ₹334.
Read more
Jana Small Finance Bank approves ₹728 crore fund raise via preferential issue; Check list of investors
Jana Small Finance Bank's board of directors, have approved a preferential warrant issue, on Monday, May 18, to raise up to ₹728.5 crore from six institutional and individual investors.
Read more
Companies ignoring AI risk becoming irrelevant, warns Salesforce's Vala Afshar
In a wide-ranging interview with CNBC-TV18, Vala Afshar, Chief Digital Evangelist at Salesforce, made one thing clear: the window for businesses to decide on agentic AI is closing. With Salesforce down 31%, SAP down 28%, and ServiceNow down 35% year to date, the question of whether traditional enterprise software can survive the AI wave has never been more urgent. For Afshar, it is less a threat than a moment of reckoning.
Read more HDFC Bank's interim chair Keki Mistry may get another 90-day extension
Keki Mistry took over as the interim Chairman of India's largest private bank in March, after the unexpected exit of Atanu Chakraborty.
Read more
VD Satheesan takes oath as Kerala CM, 20-member Cabinet takes charge
Congress leader VD Satheesan took oath as the new Chief Minister of Kerala on Monday, May 18. Alongside Satheesan, a 20-member Council of Ministers also took oath at the Central Stadium in Thiruvananthapuram as the new United Democratic Front (UDF) government formally assumes office.
Read more WHO declares Ebola ‘global health emergency’: How does it spread, symptoms and prevention
The World Health Organisation (WHO) has declared the Ebola outbreak in the Democratic Republic of the Congo and Uganda a public health emergency of international concern (PHEIC) on May 17. The outbreak, centred in the eastern Ituri province, has already seen around 246 suspected cases and 80 deaths.
Read more
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