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What is the story about?
India’s markets staged a tentative comeback after three bruising sessions, but beneath the surface, pressure points across the economy continued to build. The rupee slipped to yet another record low against the dollar, the government sharply raised import duties on gold and silver, and policymakers signalled that retail fuel price hikes may become unavoidable if tensions in West Asia persist.
Globally, all eyes are now on Beijing as U.S. President Donald Trump landed in China ahead of a high-stakes meeting with Xi Jinping, with trade, rare earths, Taiwan and Iran expected to dominate discussions. Back home, the Cabinet cleared a massive ₹37,500 crore coal gasification push, while earnings remained in focus with Bharti Airtel and Cipla delivering largely in-line quarterly performances.
Air India unveiled its sharpest international network rationalisation yet, and Tamil Nadu politics saw dramatic twists as Chief Minister Vijay survived a crucial floor test with cross-party backing.
Donald Trump arrives in China for talks with Xi Jinping
US President Donald Trump arrived in China on Wednesday for a three-day state visit during which he will discuss a host of global issues, including the Iran war, with Chinese President Xi Jinping.
Read More
Also Read: Trump looking for a way out of Iran conflict during China visit, says former US official
Market at Close | Nifty snaps 4-day losing streak, led by Bharti Airtel, L&T, Dixon Tech gains
The equity benchmark indices BSE Sensex and NSE Nifty ended largely higher on Wednesday (May 13), snapping a four-session losing streak after a volatile trading session led by gains in telecom, metal and select industrial stocks.
Read More
Rupee among world's worst-performing currencies as oil prices and foreign investor exit hit India
The rupee has fallen 7.4% against the dollar in six months, making it among the world’s weakest currencies amid rising oil prices and investor outflows.
Read More
Also Read: Rupee slips to all-time low of 95.80 against dollar amid oil, forex pressure
Gold, silver outlook and what investors should do after duty hike
The sharp rally in gold and silver prices following India’s import duty hike has sparked renewed investor interest, but experts said the move reflects a structural re-pricing of domestic bullion rather than the start of a fresh investment cycle.
Read More
India approves ₹37,500 crore plan to turn coal into cleaner fuel and cut imports
The government has approved a ₹37,500 crore scheme, Promotion of New Surface Coal/Lignite Gasification Projects, to promote coal gasification, targeting large-scale conversion of coal and lignite into synthetic gas (syngas) as part of its cleaner energy transition and import substitution strategy.
Read More
RBI Governor says fuel prices in India will rise if the West Asia crisis continues
Amid the rising uncertainty over resources post PM Modi's speech, calling for austerity, the Reserve Bank of India Governor Sanjay Malhotra said that if the West Asia turmoil continues, India would have to raise retail petroleum prices, a Bloomberg report claimed.
Read More
Bharti Airtel results: Telco profit rises sequentially but misses Street estimates
Bharti Airtel reported a steady March quarter performance with consolidated net profit rising 10.5% sequentially to ₹7,325 crore, compared to ₹6,630 cr in Q3Fy26. However, the telco's net profit came in marginally below the CNBC-TV18 poll estimate of ₹7,404 crore.
Read More
Cipla Q4 Results: Stock gains after US sales, ex-impairment margins meet expectations
Shares of drugmaker Cipla Ltd. gained as much as 4% after the company's results, reported on Wednesday, May 13, and adjusted for their impairment cost, were in-line with expectations for the January-March period, as were sales from the core North American market.
Read More
Air India slashes summer 2026 international flights as fuel costs and airspace curbs hurt finances
Air India is executing one of its most significant international network contractions ahead of the Northern Summer 2026 season, cutting frequencies and suspending services across North America, Europe, Southeast Asia, and Australia between June and August — a period that typically represents the airline’s strongest revenue window.
Read More
Vijay’s TVK wins Tamil Nadu Assembly floor test with 144 votes backed by AIADMK 'rebel' faction
The newly formed government of Vijay successfully proved its majority in the Tamil Nadu Assembly on Wednesday, May 13, after the confidence motion was passed with 144 votes.
Read More
We will see you again on Thursday with another engaging Top 10@10
Globally, all eyes are now on Beijing as U.S. President Donald Trump landed in China ahead of a high-stakes meeting with Xi Jinping, with trade, rare earths, Taiwan and Iran expected to dominate discussions. Back home, the Cabinet cleared a massive ₹37,500 crore coal gasification push, while earnings remained in focus with Bharti Airtel and Cipla delivering largely in-line quarterly performances.
Air India unveiled its sharpest international network rationalisation yet, and Tamil Nadu politics saw dramatic twists as Chief Minister Vijay survived a crucial floor test with cross-party backing.
Donald Trump arrives in China for talks with Xi Jinping
US President Donald Trump arrived in China on Wednesday for a three-day state visit during which he will discuss a host of global issues, including the Iran war, with Chinese President Xi Jinping.
Read More
Also Read: Trump looking for a way out of Iran conflict during China visit, says former US official
Market at Close | Nifty snaps 4-day losing streak, led by Bharti Airtel, L&T, Dixon Tech gains
The equity benchmark indices BSE Sensex and NSE Nifty ended largely higher on Wednesday (May 13), snapping a four-session losing streak after a volatile trading session led by gains in telecom, metal and select industrial stocks.
Read More
Rupee among world's worst-performing currencies as oil prices and foreign investor exit hit India
The rupee has fallen 7.4% against the dollar in six months, making it among the world’s weakest currencies amid rising oil prices and investor outflows.
Read More
Also Read: Rupee slips to all-time low of 95.80 against dollar amid oil, forex pressure
Gold, silver outlook and what investors should do after duty hike
The sharp rally in gold and silver prices following India’s import duty hike has sparked renewed investor interest, but experts said the move reflects a structural re-pricing of domestic bullion rather than the start of a fresh investment cycle.
Read More
India approves ₹37,500 crore plan to turn coal into cleaner fuel and cut imports
The government has approved a ₹37,500 crore scheme, Promotion of New Surface Coal/Lignite Gasification Projects, to promote coal gasification, targeting large-scale conversion of coal and lignite into synthetic gas (syngas) as part of its cleaner energy transition and import substitution strategy.
Read More
RBI Governor says fuel prices in India will rise if the West Asia crisis continues
Amid the rising uncertainty over resources post PM Modi's speech, calling for austerity, the Reserve Bank of India Governor Sanjay Malhotra said that if the West Asia turmoil continues, India would have to raise retail petroleum prices, a Bloomberg report claimed.
Read More
Bharti Airtel results: Telco profit rises sequentially but misses Street estimates
Bharti Airtel reported a steady March quarter performance with consolidated net profit rising 10.5% sequentially to ₹7,325 crore, compared to ₹6,630 cr in Q3Fy26. However, the telco's net profit came in marginally below the CNBC-TV18 poll estimate of ₹7,404 crore.
Read More
Cipla Q4 Results: Stock gains after US sales, ex-impairment margins meet expectations
Shares of drugmaker Cipla Ltd. gained as much as 4% after the company's results, reported on Wednesday, May 13, and adjusted for their impairment cost, were in-line with expectations for the January-March period, as were sales from the core North American market.
Read More
Air India slashes summer 2026 international flights as fuel costs and airspace curbs hurt finances
Air India is executing one of its most significant international network contractions ahead of the Northern Summer 2026 season, cutting frequencies and suspending services across North America, Europe, Southeast Asia, and Australia between June and August — a period that typically represents the airline’s strongest revenue window.
Read More
Vijay’s TVK wins Tamil Nadu Assembly floor test with 144 votes backed by AIADMK 'rebel' faction
The newly formed government of Vijay successfully proved its majority in the Tamil Nadu Assembly on Wednesday, May 13, after the confidence motion was passed with 144 votes.
Read More
We will see you again on Thursday with another engaging Top 10@10
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