Business
US stock market today (May 20, 2026): S&P 500 nears record high, easing Treasury yields lift sentiment
US stocks moved higher on Wednesday and edged toward their first gain in four sessions as easing pressure in the bond market and stronger-than-expected corporate earnings supported investor sentiment.The S&P 500 rose 0.3 per cent in early trade, moving closer to the record high reached last week. The Dow Jones Industrial Average slipped 62 points,…
‘Melody to the ears’: India’s toffee exports rise 166% in 12 years to Rs 132 crore in FY26, says Piyush Goyal
Toffee became the talk of the town when Prime minister Narendra Modi gifted Melody toffees to Italian counterpart Giorgia Meloni during his Italy. The visit has brought fresh attention to India’s toffees sector with Commerce and Industry minister Piyush Goyal on Wednesday highlighting that the country’s toffee exports have climbed 166 per cent over the…
Biz men, HNIs, rural customers top bank branch visits; students least reliant
Mumbai: Indian bank branches continue to draw their heaviest footfall from entrepreneurs, rural customers and affluent clients, while younger, digital-native users remain the least likely to walk in, according to a report by EY, which also noted that 55% of customers want better digital support across apps, websites and chatbots.The report finds that middle-age entrepreneurs…
Case of mistaken identity? Parle Industries’ shares rise 5% after ‘Melody moment’
Parle Industries shares surged 5% on Tuesday and hit the upper circuit limit. During intraday trading on the BSE, the stock advanced 5% to Rs 5.25 as investors appeared to respond to the viral “Melody” exchange involving PM Narendra Modi and Italian Prime Minister Giorgia Meloni. However, interestingly the listed company that witnessed the rally…
Will gold, silver prices continue to trade weak on May 20, 2026?
Inflation and interest rates will remain the key drivers for gold and silver in the week ahead. (AI image) Gold price prediction today: For both gold and silver prices, the near-term outlook remains weak, says Vedika Narvekar, Research Analyst – Commodities & Currencies, Anand Rathi Shares and Stock Brokers.Spot gold and silver ended last week…
India plans to send oil tankers through Strait of Hormuz for new supply amid Iran conflict disruptions
NEW DELHI: India is preparing to send ships through the strategically vital Strait of Hormuz to secure crude oil and energy cargoes from Middle Eastern suppliers as disruptions caused by the Iran war continue to strain global energy markets, according to a Bloomberg report citing people familiar with the matter.The report said the plans have…
Indian Railways eyes 350 kmph speeds with its next indigenous bullet train; first one to have 280 kmph potential
Indigenous bullet train at 350 kmph! Railway Minister Ashwini Vaishnaw on Tuesday said India’s next-generation bullet train is being planned with a top speed of 350 kilometres per hour. He added that work on the train’s design is expected to commence within the next six months.The 508-kilometre Mumbai-Ahmedabad High-Speed Rail Corridor, launched in 2016, is…
Rising yields impact states’ borrowing costs
MUMBAI: Six states raised a total of Rs 20,100 crore in the latest state development loan auction conducted by RBI on Tuesday, with weighted average yields ranging between 7.6% and 7.9% across tenures of 6 to 30 years. The results are in line with the rise in yields on central govt bonds where 10-year bond…
Rupee slides to new low of 96.53 vs dollar
MUMBAI: The rupee weakened to a record closing low of 96.53 against the dollar on Tuesday, marking its sixth consecutive session of decline, as sustained high crude oil prices and adverse global cues weighed on the currency. The local unit closed 18 paise lower compared to 96.35 in the previous session, after touching an intraday…
Stock Market Live Updates Today: BSE Sensex opens over 600 points down; Nifty50 goes below 23,500
“Indian equity markets were expected to open on a cautious negative note, with Gift Nifty trading at 23,431 down by 133 points. Global equities remained muted following weak cues from the US markets, as investors turned cautious amid rising bond yields and persistent geopolitical uncertainties.In the previous session, The Nifty 50 erased early gains due…