11:11 | Gold, Silver customs duty hike, MSCI Rejig, Kevin Warsh heads to Fed, Cannes and more

• Gold, Silver imports to cost more after customs duty hike: Details here

With this increase, the total duty on gold and silver now stands at 10% from 6% earlier. Platinum, and related precious metal products, including hooks, clasps, clamps, pins and screw backs used in manufacturing, will also have a 10% duty.

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• Titan, Kalyan extend losses in volatile trade after import duty hike, ₹50,000 crore rout

Shares of jewellery companies, Titan Company Ltd., Senco Gold Ltd., Kalyan Jewellers Ltd., are witnessing very volatile trading moves on Wednesday, May 13, after a two-day rout wiped out nearly ₹50,000 crore in market capitalisation of these companies cumulatively.

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• MSCI Rejig: MCX, Indian Bank make the cut; RVNL, Kalyan Jewellers dropped

Global index provider MSCI has made changes to its Global Standard Index on Tuesday, May 13, which has resulted in the inclusion of Federal Bank Ltd., MCX Ltd., NALCO Ltd., and Indian Bank Ltd.

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• EU plans new rules for one-ticket train travel across Europe across rival rail companies

The EU could force railway companies to sell rivals' tickets on their websites and share data with booking platforms under plans to be unveiled on Wednesday, aiming to boost train travel, sources said.

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• Trump says Ukraine war to end soon, hints at potential waiver on sanctioned Russian oil

President Donald Trump stated on Tuesday that he thinks a settlement between Russia and Ukraine will occur and that the conflict in Ukraine, which began in 2022 with the Russian invasion, is almost over.

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• Aadhaar enrolment gets easier: UIDAI expands accepted document list

The Unique Identification Authority of India (UIDAI) has updated the list of supporting documents accepted for Aadhaar enrolment and updates, widening the range of identity, address, relationship and date-of-birth proofs that residents can submit.

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• Intel's $440 billion rally has hurt short-sellers, but they are not giving up

Shares of Intel have added more than $440 billion to their market capitalisation since the lows of March 30, surging to another record high on Monday, before witnessing some profit booking on Tuesday. The move has resulted in huge losses for traders who bet against the rally. However, they are not ready to throw in the towel just yet.

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• Chip stocks lead Nasdaq, S&P 500 lower from record highs as inflation stings

Chip stocks, which have seen a breathtaking rally over the last month saw some profit booking on Tuesday, May 12, leading to the S&P 500 and Nasdaq retreating from record high levels. Both indices though, recovered from the lows of the day but logged in losses.

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• US Senate confirms Kevin Warsh to 14-year-term as Federal Reserve governor

The US Senate on Tuesday (May 12) confirmed Kevin Warsh to a 14-year term as Federal Reserve governor, advancing his position as a potential successor to Jerome Powell as the next head of the US central bank. The confirmation passed by a 51–45 vote, with Pennsylvania Democrat John Fetterman joining Republicans in support.

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• Britain to send mine-hunting drones and warship to protect Hormuz shipping lanes

Britain said on Tuesday it would contribute autonomous mine-hunting equipment, Typhoon fighter jets and the warship HMS Dragon to a multinational defensive mission aimed at securing shipping in the Strait of Hormuz.

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• Cannes Film Festival 2026 | Alia Bhatt, Demi Moore, Heidi Klum and more on red carpet

From Alia Bhatt’s blush-toned Tamara Ralph gown to Demi Moore’s Jacquemus look and Heidi Klum’s Elie Saab ensemble, celebrities embraced couture glamour on the red carpet at the 79th edition of Cannes Film Festival.

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• Analyst suggests short-term sell calls on Eternal, Dalmia Bharat, Godrej Properties & GMR Airports

Mitessh Thakkar has recommended sell calls on four stocks, including GMR Airports and Godrej Properties, citing short-term trading opportunities.

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