Stories from earlier this week and beyond.
Suriya and Trisha Krishnan’s action drama Karuppu hit an unexpected release day delay after morning screenings were cancelled across Tamil Nadu. Fans were left disappointed as producers worked to clear the reported financial issues and move screenings to later in the day. The film, featuring Suriya in a dual role, already had strong advance bookings.
Fifteen years after leaving the Federal Reserve over disagreements on aggressive bond buying, Kevin Warsh is reportedly set to return as Fed chair with a reform agenda. Warsh has long criticized the Fed’s large asset purchase programs that ballooned its balance sheet to roughly $6.7 trillion, and the leadership shift is sparking fresh debate on rates, transparency, and AI’s economic impact.
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The Cleveland Cavaliers overcame a 15-point deficit and a late Pistons push to beat Detroit 117-113 in overtime, taking a 3-2 lead in the Eastern Conference semi-final. James Harden powered the comeback with 30 points, turning a road game into a statement victory. Cleveland now heads home with momentum and a chance to close out the series.
Air Marshal Ashutosh Dixit says India’s next phase of military strength depends on AI, cyber warfare and drones, not just conventional platforms. He also urges MSMEs to position themselves as long-term national security partners, pointing to a massive ₹10 lakh crore opportunity within the expanding defence ecosystem as modernization accelerates.
A startup behind AI IQ is converting dozens of frontier language models into an estimated human-style IQ, complete with an added “emotional intelligence” score and cost-performance views. The charts are praised for clarity, but slammed for implying precision from uneven, “jagged” capabilities and for methodological choices critics say may skew results. Meanwhile, enterprises are using the framework to route models by task and price.
Indian markets are staying volatile as inflation pressure and supply chain issues build toward an impending slowdown. Foreign investors are trimming exposure, adding to the turbulence. Pashupati Advani of Global Foray says investors should stay cautious, focus on strong fundamentals, and look selectively at themes like infrastructure, exporters, and pharma aligned with government spending priorities.
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Kalyan Jewellers shares have fallen more than 40% from their peak, cutting into investor wealth by about Rs 27,000 crore. The drop comes after Prime Minister Narendra Modi asked people to pause gold purchases and the government raised import duties. Analysts cite policy headwinds plus technical weakness as the stock struggles to stabilize.
Indian equities extended gains for a second straight day, with the Sensex crossing 75,000 and the Nifty holding above 23,500 despite a weak rupee nearing record lows. High oil prices added pressure, yet stocks opened higher and climbed, led by Bharti Airtel. Pharma and metal also joined the rally as investors stayed upbeat.
Gold and silver opened lower on MCX as traders tracked developments from Trump–Xi talks and watched the Iran conflict closely. July 2026 silver fell to around Rs 2,96,879 per kg, while June 2026 gold dropped near Rs 1,61,027 per 10 grams. The fall comes after a powerful previous session that saw silver surge and gold climb sharply.
Bharti Airtel shares rose more than 2% after its Q4 numbers showed a 34% year-on-year fall in consolidated net profit to Rs 7,325 crore. Investors instead leaned into stronger operations as revenue jumped 16% to Rs 55,383 crore, led by steady India performance and resilient Africa operations, with India revenue up 8% including passive infrastructure services.
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Tata Motors’ Commercial Vehicles unit saw its shares fall more than 4% after the company posted its Q4 FY26 results. The stock slid to an intraday low of ₹367.50 during Thursday’s trading, reflecting investor disappointment despite the headline strength in the quarter’s performance. The reaction highlights how markets can look beyond top-line metrics.
TSMC has upgraded its long-term outlook for the global semiconductor industry, now forecasting the market will exceed $1.5 trillion by 2030. The company credits accelerating demand from artificial intelligence and high-performance computing, and says it expects rapid growth in advanced chip production while expanding manufacturing capacity in the US, Japan, and Germany.
China has reinstated export licences for more than 400 US beef processing plants, including major firms like Tyson Foods and Cargill, as Trump and Xi meet in Beijing. The move follows a sharp fall in US beef shipments to China last year after many plant registrations expired, disrupting trade worth billions.
The NEET-UG paper leak probe has reportedly uncovered a Rajasthan network in Sikar involving multiple people and coaching ties. Investigators allege Yash Yadav, linked to Vikas Biwal, digitized the question paper before it reached students. Students are said to have paid between Rs 3 lakh and Rs 10 lakh for access, prompting deeper investigation into who facilitated the leak and how.
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West Bengal has reinforced its ban on cattle and buffalo slaughter, requiring sellers to provide a fitness certificate verifying the animal is over 14 years old or permanently incapacitated. Slaughter will be allowed only at designated municipal facilities. Officials say violations can lead to jail time or fines, tightening enforcement across the state.
TVS Motor posted a 19% year-on-year rise in consolidated net profit to Rs 772 crore for Q4 FY26, while revenue grew 30% to Rs 15,053 crore. Morgan Stanley and Goldman Sachs kept positive calls, pointing to strong growth prospects. Citi countered with a Sell rating, citing valuation concerns and possible cost headwinds despite the profit rebound.
Nvidia CEO Jensen Huang met Chinese President Xi Jinping and voiced hopes for better US China ties. The backdrop is tougher: Nvidia says it faces challenges supplying advanced AI chips to Chinese clients, a constraint that could slow China’s AI development efforts. Huang’s remarks highlight how geopolitics and chip controls are reshaping global AI supply chains.
The US State Department says it will ease visa rules for select World Cup visitors by waiving the bond payments required from some applicants. Bonds will be dropped for teams competing in US matches and for fans from participating countries who already hold tickets and have enrolled in the visa priority system.
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Japan’s Nikkei hit a record high for a third straight session, powered by a sudden surge in technology stocks. Even as the broader market slipped, tech shares tracked gains seen on Wall Street. SoftBank Group stood out with a notable jump in profits, though performance varied widely across individual companies.
Indian benchmark indices extended their rally on Thursday, May 14. The Nifty gained about 150 points to around 23,550, while the Sensex jumped roughly 400 points to near the 75,000 mark. The move keeps the markets on a winning streak, with traders watching whether momentum can carry further into the session.
The Vatican has issued a stern warning to the traditionalist Society of St. Pius X, threatening automatic excommunication if it proceeds with unauthorized bishop ordinations. Rome says this is a direct challenge to papal authority and threatens Church unity. The SSPX has long rejected Vatican II reforms and has repeatedly clashed with the Holy See over doctrine and liturgy.
Samsung Electronics’ labour union has refused to restart pay negotiations, insisting on transparency in the company’s bonus scheme. The standoff could trigger an 18-day strike if demands aren’t met. South Korea’s government is urging both sides to negotiate, warning that disruptions could harm the country’s chip export engine.
Tata Motors reported a sharp jump in Q4 net profit and revenue, but the stock dropped over 3% as investors stayed cautious about the commercial vehicle sector outlook. Brokerages remain divided: some lean neutral while others see upside from export momentum and a gradual industry recovery, leaving the market to weigh execution against near-term demand risk.
An Alberta judge has halted a citizen-led push to hold a provincial independence referendum, citing violations of legal duties to consult First Nations. The court warned that secession could affect treaty rights, and ruled the petition’s process fell short. Alberta’s government says it will appeal, leaving the future of independence efforts in serious doubt.
A violent storm in Uttar Pradesh tore through areas with rain and hail, killing nearly 90 people. Winds uprooted trees and toppled billboards, turning streets and homes into danger zones as victims were struck by falling structures. The destruction underscores how severe seasonal storms in India can escalate quickly, leaving limited time for preparedness.
Virat Kohli roared back to form as RCB overpowered KKR in IPL 2026 at Raipur. After two consecutive ducks, Kohli delivered a stunning unbeaten 105 off 60 balls, powering the chase of a 200-plus total. His explosive recovery turned the match and flipped early doubts into a decisive win for RCB.
Kaynes Technology shares slid nearly 10% after its Q4 results failed to meet expectations. Investors reacted to a revenue guidance miss, deteriorating balance sheet metrics, and a sharp fall in profit. The stock dropped to about Rs 3,760 on the BSE as brokerages—including JPMorgan and Nuvama—turned cautious following the earnings report.
HBSE Class 10 results for 2026 are released today, ending the wait for lakhs of students. Check your marks on the official site bseh.org.in and follow the steps to access scores via DigiLocker. Passing requires at least 33% in each subject, while pass percentages and topper details are expected to be announced soon.
The Powerball jackpot has climbed to an estimated $69 million after no ticket matched all numbers in Monday night’s draw. A new drawing is set for May 16, with players able to choose either an annuity plan or a lump-sum payout. Tickets are sold across 45 states and other US territories, and excitement is building after earlier big wins this year.
India’s biggest banks are publishing increasing climate disclosures, but the data is not being used to steer lending decisions. As physical risks like flooding and extreme heat intensify, they threaten loan portfolios. Only a small number conduct climate stress tests or reduce coal exposure. The RBI supplies information but has not made disclosures mandatory, raising fears of financial instability and stranded assets.
Israeli airstrikes in Lebanon killed 22 people, including children, amid rapidly escalating violence. The raids occurred just before crucial Lebanon and Israel talks in Washington, adding to fears that a recently announced ceasefire is unraveling. Reports say homes were damaged and destroyed, underscoring the intensity of the renewed attacks as diplomats prepare to meet.
Prateek Yadav died yesterday, but the case has turned more puzzling after the postmortem revealed six antemortem injuries. Three injuries appear to have occurred five to seven days earlier, while three are about a day old. Doctors say his death was caused by a massive clot blocking blood vessels in the lungs and are testing preserved samples to trace the clot’s origin and potential contributing factors.
The UAE has rejected claims that Israeli Prime Minister Benjamin Netanyahu secretly traveled to the country during wartime to meet President Sheikh Mohammed bin Zayed. The UAE foreign ministry called the reports “entirely unfounded,” disputing a statement from Netanyahu’s office. The denial raises questions about who is driving the narrative amid heightened regional tensions.
West Bengal Minister Agnimitra Paul promised 24x7 freedom of movement for women, with police complaints getting priority. She also announced CCTV monitoring in civic bodies to boost transparency. On top of that, she vowed action against illegal toll plazas, sand extraction and coal mining, while committing to streamline the Lakshmir Bhandar scheme and tackle infrastructure gaps.
WBCHSE has released the West Bengal Higher Secondary (Class 12) Result 2026 for over 7 lakh students. The official announcement came at 10:30 AM, while online access begins at 11 AM. Students can check scores via wbchse.wb.gov.in or result.wb.gov.in, and also download through DigiLocker. Passing requires at least 30% marks in each subject.
US chip startup Cerebras Systems plans to launch an IPO on Wall Street at $185 per share to raise about $5.5 billion, valuing it at over $55 billion. The offering is the largest US IPO this year. Cerebras makes wafer-scale processors designed to accelerate AI workloads, aiming to boost performance for next-generation machine learning systems.
An AFP investigation says Indian pharma firms are exporting millions of dollars’ worth of tapentadol, a high-strength opioid, to West Africa. Researchers claim the pills are being mixed into kush, an already deadly “zombie drug,” and that this supply has intensified addiction and overdose deaths across the region even as crackdowns continue.
US Vice President JD Vance ordered the deferral of $1.3 billion in federal Medicaid funds to California, citing fraud concerns. California officials argue the rise in spending is tied to expanded home care services, not misconduct. The state Attorney General says the action is unlawful and will challenge it, following similar moves aimed at other states and healthcare providers.
Oil prices rose slightly as investors waited for a Trump-Xi delegation-level meeting in Beijing, with traders tracking escalation risks from the Iran war. Brent and WTI edged higher. Gold climbed alongside a weaker dollar, while U.S. inflation pressures and Middle East uncertainty supported demand—pushing Indian gold discounts to a record.
Virat Kohli’s vintage 105 not out powered Royal Challengers Bengaluru to a six-wicket win over Kolkata Knight Riders in Raipur. The victory lifted RCB back to the top of the IPL 2026 points table, while dents to KKR’s playoff hopes were immediate. Kohli also crossed a historic milestone, becoming the first Indian to reach 14,000 T20 runs.
A Chicago jury began deliberations after hearing a wrongful-death suit filed by family members of Samya Stumo, a 24-year-old who died in the March 2019 Ethiopian Airlines crash involving a Boeing 737 MAX. The case follows two MAX disasters that together killed 346 people, as relatives seek accountability and damages from Boeing.
Gold ticked up as the dollar weakened, with traders focused on looming Trump and Xi Jinping talks. At the same time, U.S. producer prices jumped, pointing to faster-moving inflation. In India, gold discounts widened to a record high despite weak demand, highlighting a split between global cues and local buying sentiment.
A DBS economist says global capital is shifting toward Asia’s AI and electronics surge, drawing attention away from India. While India’s foreign direct investment slowdown may look worrying, DBS argues it’s not the main threat. Instead, India is urged to plug deeper into supply chains, take a pragmatic approach to Chinese investment, adjust energy prices realistically, and protect vulnerable groups.
The government has upgraded its sugar policy by banning all exports until September 30, citing tight domestic supply. With India’s sugar production forecast to remain below consumption for a second straight year, traders and investors are likely to scrutinize mills including Balrampur Chini Mills and Dhampur Sugar Mills in the Thursday session.
Virat Kohli delivered another chase-defining performance as RCB edged past KKR in Raipur, taking the side over the line with an unbeaten 105 off 60 balls. After the win, Ajinkya Rahane reflected on missed chances, rueing dropped catches that could have shifted the contest. Kohli’s calm, dominant batting proved decisive as RCB moved up in IPL 2026 standings.
Erik Fleming, a drug counselor involved in supplying ketamine to actor Matthew Perry, was sentenced to two years in prison. Prosecutors said the ketamine he provided contributed to Perry’s death. Fleming later became a key informant, linking Perry to a prominent ketamine supplier dubbed “The Ketamine Queen,” and his cooperation helped speed the investigation.
A beloved Mexican restaurant in California, Acapulco, has delayed its closure indefinitely after an outpouring of support from fans. The chain had planned to shut down its location and demolish the site for a car wash, but community pressure and emotional messages pushed management to reverse course and keep the restaurant operating while it fights for its future.
Petrol and diesel prices in India held steady on May 14 even as global crude costs climb amid West Asian tensions. Oil marketing companies are bearing daily losses instead of passing costs to consumers. Meanwhile, sugar exports are banned to curb domestic prices, milk has turned costlier, and the government doubled gold import duty—raising fears of future fuel hikes if the conflict drags on.
The WHO has confirmed eight laboratory cases of Andes hantavirus aboard the MV Hondius cruise ship, with three deaths reported. The virus is typically spread by rodents, but investigators still do not know what triggered this outbreak. Public health risk is judged moderate for passengers on the ship and low globally, given the current spread assessment.
Microsoft is reportedly hunting for AI startups it could acquire, aiming to strengthen its talent pool and build an advanced AI model independently. The company’s discussions are said to include Inception, a startup focused on developing novel large language model approaches. The strategy signals a shift toward owning more of the next wave of AI progress.
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