NDTV Profit Pulse On May 14: Top 8 Stories At 8 P.M. Under 8 Minutes
Here's a roundup of the top news stories of the day.
The day's top stories include India's wholesale price inflation easing to the lowest in over a year at 0.85% in April, Indian travellers cancelling plans to visit Turkiye and Azerbaijan, and some notable fourth quarter results.
On the equity markets front, the US market saw a muted start, as the S&P 500 and the Dow Jones Industrial Average were little changed amid risks stemming from a trade war to an economic slowdown. Meanwhile, Indian benchmark indices ended the day with gains.
Wholesale Inflation Falls To 13-Month Low
India's wholesale price inflation eased to the lowest in over a year at 0.85% in April, compared to 2.05% in March, as per data released by the Ministry of Commerce and Industry.
Read full WPI data here.
Turkiye, Azerbaijan's Pak Nexus Triggers Mass Tour Cancellations
Hundreds of Indian travellers are cancelling plans to visit Turkiye and Azerbaijan following their support for Pakistan in its conflict with India. India's largest online travel agency, MakeMyTrip, has seen a 250% surge in cancellations over the past week, while bookings for Azerbaijan and Turkiye dropped by 60%, according to a company spokesperson.
Click here to read full story.
Cabinet Gives Nod To Rs 3,700-Crore Semiconductor Unit Of HCL-Foxconn
The Union Cabinet gave its nod for a Rs 3,700-crore semiconductor unit, which will be developed by HCL Group and Foxconn through a joint venture. The chip unit, to be set up under the India Semiconductor Mission, will come up near Jewar airport of Uttar Pradesh under the Yamuna Expressway Industrial Development Authority.
Read full story here.
Market Recap
Wall Street’s epic rebound from April’s meltdown is showing some signs of exhaustion amid speculation the market has run too fast amid risks stemming from a trade war to an economic slowdown. The S&P 500 and the Dow Jones Industrial Average were little changed, whereas the Nasdaq 100 rose 0.2%.
Back home, India's NSE Nifty 50 ended 0.36% higher at 24,666.9 and BSE Sensex closed 0.22% up at 81,330.56.
MSCI Rejig
Coromandel International Ltd. and FSN E-Commerce Ventures Ltd., the operator of e-commerce platform Nykaa, have been added to the MSCI Global Standard Index as part of MSCI’s May 2025 semi-annual review. The changes will take effect after market close on May 30.
Click here to know more on MSCI May Rejig.
Tata Power Q4: Profit Meets Estimates
Tata Power Co. logged a 17% rise in its consolidated net profit during the quarter ended March 31, 2025, meeting analysts' projections. The power supplier logged a consolidated bottom line of Rs 1,043 crore in the fourth quarter, as compared to Rs 895 crore in the year-ago period.
Read full Q4 results here.
Eicher Motors Q4 Results: Revenue, Net Profit Rise By A Fourth
Eicher Motors Ltd. grew by nearly a fourth in the final quarter of fiscal 2025, even as operational profitability eroded. Consolidated net profit of the Chennai-based company rose 27.3% year-on-year to Rs 1,362 crore in the three months ended March 31, on the back of revenue that increased 23% to Rs 5,241 crore.
Read full Q4 results here.
JNU Suspends MoU With Turkey’s Inonu University
Jawaharlal Nehru University has suspended its Memorandum of Understanding with Turkey's Inonu University, citing national security concerns. The move comes in response to Ankara's public support for Pakistan in its recent conflict with India.
Read full details here.
Here Are Other Top Stories
No, Range Rover Won’t Get Cheaper By 50% In India
Trade Wars Are Just Beginning, More Turbulence Ahead, Warns Capitalmind's Deepak Shenoy
India-Pakistan Tensions: Defence Sector M-Cap Up By Rs 86,000 Crore Since Pahalgam Attack—Check Top Gainers
Shapoorji Pallonji Group Nears Record $3.4 Billion Private Credit Deal
Airbnb Looks To Tap Millennials, Gen Z In India To Drive Growth
