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What is the story about?
The rupee rebounded sharply against the US dollar, rising 52 paise to 96.30/$ from the previous close of 96.82/$ as easing crude oil prices and softer US Treasury yields supported emerging market currencies. Equity benchmarks BSE Sensex and Nifty 50 ended largely flat after a volatile session, with selling in financial and IT stocks wiping out early gains.
ITC Ltd reported a 5% rise in the March-quarter net profit at ₹5,113 crore, beating estimates, even as revenue declined 7% year-on-year. Meanwhile, Arvind Panagariya urged the RBI not to defend the ₹100-per-dollar level aggressively amid rising crude prices and global currency volatility. Separately, N A Soonawala cautioned that a proposed listing of Tata Sons could weaken the Tata Group’s traditional ownership structure and institutional framework.
Globally, Nvidia CEO Jensen Huang said the AI boom is expanding beyond chips into infrastructure and applications, while Elon Musk linked a large part of his future compensation at SpaceX to long-term goals including Mars colonisation and space-based data centres.
Pakistan army chief Asim Munir to visit Tehran during US-Iran war peace negotiations
Pakistan Army Chief Field Marshal Asim Munir is expected to arrive in Tehran on Thursday, May 21, as diplomatic efforts continue to prevent a fresh escalation in the ongoing United States-Iran conflict.
Read More
Rupee jumps 52 paise against US dollar as oil prices retreat
The Indian rupee opened sharply higher against the US dollar on Thursday (May 21), strengthening by 52 paise to 96.30 per dollar compared with Wednesday’s (May 20's) close of 96.82/$, as easing crude oil prices and softer US Treasury yields improved sentiment towards emerging market currencies.
Read More
Apollo Hospitals, Honeywell Automation rally; Sensex falls 135 points, Nifty flat
The equity benchmark indices BSE Sensex and NSE Nifty ended flat after a volatile trading session on Thursday (May 21), as selling pressure in financial and information technology stocks erased early gains.
Read More
Nvidia CEO breaks down the five layers powering the AI boom
Nvidia CEO Jensen Huang believes the artificial intelligence boom is evolving into something much larger than just a semiconductor cycle. Speaking to CNBC after Nvidia’s earnings, Huang said the company is helping build what he described as a “brand new industry” that stretches across energy, chips, infrastructure, AI models and applications.
Read More
SpaceX IPO: Elon Musk’s compensation could rise if Mars colonies, space data centres become reality
Elon Musk has tied a massive chunk of his future compensation at SpaceX to some of the company’s most ambitious goals, including building human colonies on Mars and developing data centres in space.
Read More
Jeff Bezos shares outlook on AI, space and economy: Here are the key takeaways
Amazon founder Jeff Bezos shared his views on artificial intelligence, space infrastructure, taxation, and the US economy in a wide-ranging CNBC interview. The billionaire entrepreneur said space-based data centers are becoming a realistic possibility, defended heavy AI spending despite bubble concerns, and argued that lower-income Americans should pay no federal income tax.
Read More
Proposed Tata Sons listing may undermine 100-year-old structure: Tata Trusts veteran NA Soonawala
Former Tata Sons vice chairman NA Soonawala has opposed a Tata Sons IPO, warning that a stock market listing could weaken the Tata Group’s traditional support system and values.
Read More
ITC Q4 net profit beats estimates; revenue falls 7%, declares ₹8 dividend
Diversified conglomerate ITC Ltd on Thursday (May 21) reported a 5% year-on-year increase in consolidated net profit for the March quarter at ₹5,113 crore, compared with ₹4,875 crore in the corresponding quarter last year. The company’s net profit came in above the CNBC-TV18 poll estimate of ₹4,995 crore.
Read More
Adani's latest aviation bet: Ground handling
The Indian conglomerate has quietly moved into airport ground handling, adding another layer to an aviation empire that already spans airports, maintenance and aircraft assembly.
Read More
Arvind Panagariya to RBI: Don’t fear ₹100/$, let Rupee slide amid oil shock
As global crude prices surge and pressure mounts on emerging-market currencies, economist and 16th Finance Commission Chairman Arvind Panagariya has urged the Reserve Bank of India not to treat the ₹100-per-dollar mark as a line that must be defended at all costs.
Read More
We will meet you on Friday with another engaging Top 10@10
ITC Ltd reported a 5% rise in the March-quarter net profit at ₹5,113 crore, beating estimates, even as revenue declined 7% year-on-year. Meanwhile, Arvind Panagariya urged the RBI not to defend the ₹100-per-dollar level aggressively amid rising crude prices and global currency volatility. Separately, N A Soonawala cautioned that a proposed listing of Tata Sons could weaken the Tata Group’s traditional ownership structure and institutional framework.
Globally, Nvidia CEO Jensen Huang said the AI boom is expanding beyond chips into infrastructure and applications, while Elon Musk linked a large part of his future compensation at SpaceX to long-term goals including Mars colonisation and space-based data centres.
Pakistan army chief Asim Munir to visit Tehran during US-Iran war peace negotiations
Pakistan Army Chief Field Marshal Asim Munir is expected to arrive in Tehran on Thursday, May 21, as diplomatic efforts continue to prevent a fresh escalation in the ongoing United States-Iran conflict.
Read More
Rupee jumps 52 paise against US dollar as oil prices retreat
The Indian rupee opened sharply higher against the US dollar on Thursday (May 21), strengthening by 52 paise to 96.30 per dollar compared with Wednesday’s (May 20's) close of 96.82/$, as easing crude oil prices and softer US Treasury yields improved sentiment towards emerging market currencies.
Read More
Apollo Hospitals, Honeywell Automation rally; Sensex falls 135 points, Nifty flat
The equity benchmark indices BSE Sensex and NSE Nifty ended flat after a volatile trading session on Thursday (May 21), as selling pressure in financial and information technology stocks erased early gains.
Read More
Nvidia CEO breaks down the five layers powering the AI boom
Nvidia CEO Jensen Huang believes the artificial intelligence boom is evolving into something much larger than just a semiconductor cycle. Speaking to CNBC after Nvidia’s earnings, Huang said the company is helping build what he described as a “brand new industry” that stretches across energy, chips, infrastructure, AI models and applications.
Read More
SpaceX IPO: Elon Musk’s compensation could rise if Mars colonies, space data centres become reality
Elon Musk has tied a massive chunk of his future compensation at SpaceX to some of the company’s most ambitious goals, including building human colonies on Mars and developing data centres in space.
Read More
Jeff Bezos shares outlook on AI, space and economy: Here are the key takeaways
Amazon founder Jeff Bezos shared his views on artificial intelligence, space infrastructure, taxation, and the US economy in a wide-ranging CNBC interview. The billionaire entrepreneur said space-based data centers are becoming a realistic possibility, defended heavy AI spending despite bubble concerns, and argued that lower-income Americans should pay no federal income tax.
Read More
Proposed Tata Sons listing may undermine 100-year-old structure: Tata Trusts veteran NA Soonawala
Former Tata Sons vice chairman NA Soonawala has opposed a Tata Sons IPO, warning that a stock market listing could weaken the Tata Group’s traditional support system and values.
Read More
ITC Q4 net profit beats estimates; revenue falls 7%, declares ₹8 dividend
Diversified conglomerate ITC Ltd on Thursday (May 21) reported a 5% year-on-year increase in consolidated net profit for the March quarter at ₹5,113 crore, compared with ₹4,875 crore in the corresponding quarter last year. The company’s net profit came in above the CNBC-TV18 poll estimate of ₹4,995 crore.
Read More
Adani's latest aviation bet: Ground handling
The Indian conglomerate has quietly moved into airport ground handling, adding another layer to an aviation empire that already spans airports, maintenance and aircraft assembly.
Read More
Arvind Panagariya to RBI: Don’t fear ₹100/$, let Rupee slide amid oil shock
As global crude prices surge and pressure mounts on emerging-market currencies, economist and 16th Finance Commission Chairman Arvind Panagariya has urged the Reserve Bank of India not to treat the ₹100-per-dollar mark as a line that must be defended at all costs.
Read More
We will meet you on Friday with another engaging Top 10@10
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