11:11 | Oil slides on Iran deal hopes, Nvidia posts bumper results again

Crude oil prices fell, and global equities rallied on murmurs of a potential deal to end the war in West Asia.

In this edition of 11:11, we also track NVIDIA Corp. as it once again beats estimates with promising results. Plus, SpaceX and OpenAI eye the bourses.

Here are the top stories of the day so far.

Crude oil prices fall as Trump claims deal with Iran in 'final stages'

US Treasury yields and oil prices fell on Wednesday as hopes increased that the US is nearing a deal with Iran to end the war in the Middle

East, while major stock indices rose with chipmaker shares ahead of Nvidia's quarterly results.

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Nvidia Q1 results, guidance beat estimates; Buyback sum, dividend raised

Nvidia Corp., the most valuable company in the world, reported its results for the first quarter after market closing hours on Wednesday, which were better than expected across parameters. Yet, the stock saw sluggish moves in extended trading.

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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.

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OpenAI aiming for speedy IPO after court victory against Elon Musk

OpenAI is preparing to confidentially file for a US initial public offering in the coming weeks, a source familiar with the matter said on Wednesday, adding to a wave of blockbuster ‌listings anticipated in the year ahead.

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Adani Power to acquire 24% stake in JP Power, other thermal asset for over ₹4,000 crore

Adani Power Ltd., on Thursday, May 21, announced that it has entered into definitive agreements with Jaiprakash Associates as part of the implementation of the NCLT approved resolution plan.

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Sammaan Capital shares jump 8% after balance sheet clean-up brings NPAs down to 'zero'

Shares of Mortgage-focused Sammaan Capital Ltd. surged as much as 8% on Thursday, May 21, in response to its fourth quarter results, which were reported after market hours on Wednesday.

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PM Modi returns from 5-nation tour, secures ₹3.5 lakh crore investment push for India

Prime Minister Narendra Modi returned to New Delhi on Thursday, May 21, after concluding a five-nation tour with fresh investment commitments and expansion plans worth an estimated ₹3.5 lakh crore for India.

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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/$.

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MCX silver falls over 0.8%, gold trades cautiously amid global volatility

Gold traded cautiously while silver remained under pressure on India’s Multi Commodity Exchange (MCX) on May 21, as global bullion markets turned volatile amid shifting US interest rate expectations and developments around US-Iran negotiations.

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How ‘Cockroach Janta Party’ turned a Supreme Court remark into a viral youth protest

What began as an offhand courtroom remark has now snowballed into one of India’s most unusual internet-led protest movements. The satirical ‘Cockroach Janta Party’ (CJP), born after controversial comments by Chief Justice of India Surya Kant, has rapidly transformed from a meme trend into a wider youth-driven campaign.

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Delhi-NCR cab, auto strike: How fuel hikes and Uber, Ola commissions sparked 3-day strike

Commuters across Delhi-NCR may face disruptions from May 21 to May 23 as transport unions have launched a three-day strike over rising fuel prices, low fares and the Delhi government’s hike in environment compensation cess (ECC) on commercial vehicles.

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