NDTV Profit Pulse On May 15: Top 8 Stories At 8 P.M. Under 8 Minutes
Here's a roundup of the day's top news stories.
The day's top stories include the rise in India's forex reserves, Amazon’s big satellite internet plan for India, Russia-Ukraine peace talks, and some notable fourth quarter results.
On the equity markets front, the Wall Street was little changed in early trade, whereas the Indian benchmark indices ended the day with losses after two consecutive sessions of gains.
India's Forex Reserves Rise To $690 Billion
India's foreign exchange reserves rose to $690.61 billion for the week that ended on May 9, primarily bumped up by a increase in gold holdings. This marks a rise of $4.553 billion when compared to the previous reporting week, according to the data released by the Reserve Bank of India.
Read full story here.
Amazon’s Satellite Internet Project Kuiper Set To Enter India
Amazon’s big satellite internet plan — Project Kuiper — is getting ready to launch in India. The Department of Telecommunications is likely to issue a Letter of Intent soon, a key step needed before it can officially operate in the country, a highly placed source told NDTV Profit.
Read full story here.
Operation Sindoor Not Over Yet: Rajnath Singh
Defence Minister Rajnath Singh on Friday said that Operation Sindoor was not over yet. Whatever happened was just a trailer. When the right time comes, we will show the full picture, he said while addressing the brave Air Warriors at the Air Force Station in Gujarat's Bhuj.
Read full story here.
Russia, Ukraine Start First Peace Talks In Three Years
Russia and Ukraine began their first direct talks in more than three years in Turkey, amid US and European skepticism about prospects for a peace deal to end the war. Negotiating teams from the two sides met in Istanbul’s Dolmabahce Palace on Friday, hosted by Turkish Foreign Minister Hakan Fidan.
Click here to know more.
IndusInd Results To Reflect Rs 3,000-Crore Accounting Hit: Analysts
IndusInd Bank’s fourth quarter results are expected to reflect a cumulative accounting impact of up to Rs 3,000 crore, according to analysts. Morgan Stanley and Macquarie Research refrained from changing their stock rating and target prices before the release of the private lender's January–March earnings, which is scheduled for Monday.
Check more details here.
Aviom Insolvency Sees Interest From Two Potential Investors
Beleaguered housing finance company Aviom India Housing Finance has seen acquisition interest from two potential investors, people in the know said. Authum Investment & Infrastructure Ltd. and JC Flowers Asset Reconstruction Co. have expressed their interest in submitting bids for the lender.
Click here to read full story.
Market Recap
Wall Street is seeing one of their best weeks so far in 2025 on Friday on the back of US and China’s temporary tariff cuts and encouraging inflation reports. The S&P 500 and the Nasdaq 100 was little changed. While, the Dow Jones Industrial Average fell 0.2%.
Back home, India's benchmark equity indices closed lower on Friday after rallying for two consecutive sessions. The NSE Nifty 50 closed 42.30 points or 0.17% lower at 25,019.8, and the BSE Sensex ended 200.15 points or 0.24% lower at 82,330.59.
Hyundai India Q4 Results: Revenue Rises 2.5%
Hyundai India Ltd. has grown for the first time since listing, but at the cost of profitability. Consolidated net profit of the Creta-maker fell 4% year-on-year to Rs 1,583 crore in the three months ended March 31, 2025, even as revenue rose 2.5% to Rs 17,562 crore, according to an exchange filing on Friday.
Read full Q4 results here.
Here Are Other Top Stories
India Rolls Out E-Passports With Optimised Security Features — Check How To Apply, Other Key Details
Donald Trump Says US Will Set Tariff Rates For Other Nations In Weeks
Bajaj Auto Unit Gives Rs 480 Crore To KTM For The Fourth Time This Year
Nifty May Pause Before Scaling New Highs, Says Manishi Raychaudhuri
