Action Financial News
21.05 / 02:21
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Mint Quick Edit | It’s risky to rattle the currency market—a lesson in crisis response from 2013
Subscribe to enjoy similar stories.Should India tighten capital controls in response to its dollar crunch? Not unless the country faces a dire emergency. That’s a key lesson from the ‘taper tantrum’ crisis of 2013.
21.05 / 07:35
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Adverse trade-offs: India's monetary and fiscal policymakers face a tough task ahead
Subscribe to enjoy similar stories.Policy formulation will see challenges mount in 2026-27 as the effects of the West Asia war unsettle India’s growth picture. The high price of oil has exposed its vulnerability, with the reverberations of every policy action or non-action likely to influence other parts of the economy.Let’s start with monetary policy first. The regime of low interest rates is over and the decision that India’s central bank must take is when—and by how much—to raise its repo rate.
21.05 / 00:45
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Raja Venkatraman recommends three stocks for 21 May
Subscribe to enjoy similar stories.Stock market recap: India's benchmark indices recouped early losses to settle higher on Wednesday, helped by a rally in index heavyweight Reliance Industries, even as investors remained cautious due to higher crude prices and a weaker rupee.The 30-share BSE Sensex climbed 117.54 points, or 0.16%, to settle at 75,318.39, having touched a low of 74,529.41 intraday. However, buying in oil & gas, financial and auto shares in the last hour helped the index trim losses and rebound.The 50-share NSE Nifty edged higher by 41 points to end at 23,659.Best stocks to buy today (All Buy trades are rates of Equity & Sell rates are based on F&O)INDIGOPNTS: Buy above ₹985, stop ₹940 target ₹1090(Multiday)ABB: Buy above ₹6625, stop ₹6400 target ₹7250 (Multiday)TIMKEN: Buy above ₹3660, stop ₹3550 target ₹3985 (Multiday)On 20 May, Indian markets ended in the red as weakness across metal, oil-linked, PSU bank and realty stocks dragged benchmarks lower, while persistent rupee depreciation continued to weigh on investor sentiment.The Sensex slipped 160.73 points, or 0.21%, to close at 75,237.99, while the Nifty declined 46.10 points, or 0.19%, to settle at 23,643.50.
20.05 / 02:33
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Mint Quick Edit | Why the Musk vs Altman court battle over OpenAI’s profit motive was so ironic
Subscribe to enjoy similar stories.Elon Musk, who co-founded OpenAI as a non-profit entity in 2015 along with Sam Altman and others, has suffered a setback. His lawsuit against Altman for turning a carved-out subsidiary of OpenAI into a profit-oriented entity has been rejected by a US court. Musk’s suit was found to be too late under the law of limitations, which prevents legal action against an event after a specified time lapse.
17.05 / 07:29
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‘Karuppu’ review: Suriya-starrer is a mangled mess
Subscribe to enjoy similar stories.The opening sequence of RJ Balaji’s Karuppu is all sparks and embers in a bichrome backdrop of red and black. It’s a nightmare in which a man gets assaulted by unknown assailants and a majestic rageful God descends to save him. The man, played by Indrans, jolts up in a train and looks at his daughter Binu (Anagha Ravi).
15.05 / 19:23
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Are U.S. Markets Acting Like Meme Stocks? Some Actions Have Investors Worried.
Subscribe to enjoy similar stories.U.S. stocks have been on a tear, with the S&P 500 rising nearly 20% from the lows of late March and plowing past risks linked to surging oil prices, rising inflation, and the Iran war.Tech stocks have been scorching, with the Nasdaq rising nearly 30% from its March 30 nadir, powered in part by an astonishing gain of nearly 70% for an index of chip stocks and a 25% surge in the value of the Magnificent Seven.But developments in the options market are starting to raise questions about the strength of the spring rally and its staying power into the summer months.Similar questions arose five years ago during the demise of meme stocks, which got that name because they rise and fall with social media buzz and not business fundamentals.Meme stocks often suffer from what’s called a “gamma squeeze,” triggered in part by the buying of call options.Call option buyers have the right, but not the obligation, to purchase underlying shares at a certain price in the future.
15.05 / 11:05
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‘Kartavya’ review: Saif Ali Khan digs deep but film has a familiar bleakness
Subscribe to enjoy similar stories.By the time four thugs corner SHO Pawan Malik (Saif Ali Khan) in his home, Kartavya has been simmering for an hour and 15 minutes. Threats are made; Saif folds his arms and tells them to do their worst. I was ready for him to knock them out cold, but then something interesting happens.
14.05 / 01:05
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Stocks to trade: Raja Venkatraman recommends three stocks for 14 May
Subscribe to enjoy similar stories.Stock market recap: The Indian equity benchmarks snapped their four-day losing streak on Wednesday, closing marginally higher after a volatile session. The market saw strong buying interest in metals, oil-linked counters, and select heavyweight stocks, which helped offset persistent weakness in IT and auto shares.The Sensex edged up 49.74 points, or 0.07%, to finish at 74,608.98, while the Nifty advanced 33.05 points, or 0.14 percent, to settle at 23,412.60.NLCINDIA (Cmp ₹325.70)NLCINDIA: Buy above ₹328, stop ₹313 target ₹358 (Multiday)ROSSARI: Buy above ₹534, stop ₹503 target ₹589 (Multiday) GNFC (Cmp ₹489.95)GNFC: Buy above ₹492, stop ₹467 target ₹550 (Multiday)On May 13, Indian equity benchmarks halted their four-day losing streak, closing marginally higher after a volatile session.
13.05 / 09:13
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Berger Paints investors paint the town red amid turnaround hopes for sector
Subscribe to enjoy similar stories.Berger Paints India Ltd’s shares soared over 6% on Wednesday as volume growth bounced back to double-digits at 11.8% for the three months ended March (Q4FY26) after a gap of six quarters. The decorative paints segment saw traction in premium emulsion paints and new launches of Kolor Plus and Kolor Plus Glow. Volume growth was driven by both secondary sales and pre-buying by dealers ahead of price hikes, the management said.Starting March, Berger has taken staggered price hikes of 11-12% to protect margins in the backdrop of rising cost inflation due to the West Asia war.
13.05 / 01:21
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Stock recommendations for 13 May from MarketSmith India
Subscribe to enjoy similar stories.Stock market recap: The Indian equity markets faced a significant "Tuesday Tsunami," with Nifty 50 plunging 1.83% to settle at 23,379.55, while BSE Sensex crashed more than 1,450 points.This sharp correction was primarily fueled by escalating geopolitical tensions in West Asia, with President Trump’s remarks placing the U.S.-Iran ceasefire on “life support,” subsequently driving Brent crude prices toward $106 per barrel. Locally, the Indian Rupee hit a fresh lifetime low of 95.51 against the dollar, further dampening investor sentiment.The sell-off was broad-based, as reflected in a severely skewed advance-decline ratio, with 590 stocks advancing and 2,726 stocks declining.
12.05 / 01:13
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Stocks to trade: Raja Venkatraman recommends three stocks for 12 May
Subscribe to enjoy similar stories.Stock market recap: The Indian stock market ended in the red for the third consecutive session on Monday, witnessing an across-the-board selloff amid weak global cues.The 30-share pack Sensex crashed 1,313 points, or 1.70%, to end at 76,015.28, while the NSE counterpart Nifty 50 plunged 1.50% to close the day at 23,815.85. The BSE 150 Midcap and 250 Smallcap indices declined 1.26% and 0.96%, respectively.JKLAKSHMI (Cmp ₹683.15)JKLAKSHMI: Buy above ₹688, stop ₹650 target ₹735 (Multiday) HINDUNILVR: Buy above ₹2310, stop ₹2250 target ₹2525 (Multiday) FORTIS (Cmp ₹974.15)FORTIS: Buy above ₹980, stop ₹935 target ₹1098 (Multiday)On 11 May 2026, Indian equities witnessed a sharp sell-off as surging crude oil prices and weak global cues rattled investor sentiment.
11.05 / 04:13
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The US tied his bank to Iran proxies. Now he’s Trump’s choice to run Iraq.
Subscribe to enjoy similar stories.A little-known Iraqi tycoon named Ali Al Zaidi has emerged as the likely next prime minister of Iraq with the backing of President Trump, who has invited the businessman to Washington and said the U.S. “is with him all the way.”The White House endorsement has come with a demand that Zaidi exclude Iranian-backed militias from Iraq’s next government and curtail Tehran’s influence in Baghdad.He has faced similar U.S. pressure before: Zaidi owns a bank that the Treasury banned from dollar transactions in 2024 over suspicions it was doing business with a militia leader linked to Iran’s Islamic Revolutionary Guard Corps, current and former U.S.
11.05 / 01:25
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Centre plans nationwide crackdown on illegal sexual enhancement drugs, calls it threat to public safety, social dignity
Subscribe to enjoy similar stories.NEW DELHI: The Centre is preparing to crack down on the illegal sale, distribution and misuse of sexual enhancement medicines, with the drug regulator warning that it has become a threat to both public safety and social dignity, according to two government officials and a document reviewed by Mint.This regulatory action against unauthorized products sold without valid prescriptions has been ordered by Drugs Controller General of India (DCGI) Dr. Rajeev Singh Raghuvanshi.
09.05 / 07:09
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Tracy Morgan and Daniel Radcliffe lampoon sports documentaries and reality TV
Subscribe to enjoy similar stories.To my mind, there is one thing the US version of The Office did better than the BBC original, created by Ricky Gervais and Stephen Merchant. This, I assure you, is a big deal because I worship at the altar of those flawlessly written British episodes.
06.05 / 08:55
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Mphasis sues Coforge in US court over employee hiring, client exposure claims
Subscribe to enjoy similar stories.BENGALURU/MUMBAI: Blackstone-owned Mphasis Ltd has filed a lawsuit in a US court against rival Coforge Ltd, accusing the Noida-based IT services firm of hiring its employees in violation of contractual restrictions and gaining access to confidential client information.The Bengaluru-based company, which reported $1.8 billion in revenue last year, has also named its former vice president Brijesh Khergamker as a party in the case filed in a Colorado court.
06.05 / 02:15
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Gulf states fear an emboldened Iran is taking advantage of a hesitant US
Subscribe to enjoy similar stories.DUBAI—President Trump chose to look the other way after Iran launched three salvos of missiles and drones into the United Arab Emirates, one of America’s main Middle Eastern partners, despite a cease-fire he negotiated nearly a month ago.The likely conclusion in Tehran, Gulf governments fear, is that further escalation pays off because Trump is so intent on extricating himself from the war that he will ignore renewed Iranian attacks on America’s regional allies.European and Asian nations—allies and strategic adversaries alike—are watching this closely, too.Ever since the war began on Feb. 28, Iranian leaders have frequently repeated a phrase, attributed to the deposed Egyptian president Hosni Mubarak, that “those who wrap themselves in America are naked.” The feeling in the U.A.E.
05.05 / 08:47
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Why investors are cautious despite Ather’s revenue surge
Subscribe to enjoy similar stories.Ather Energy’s March quarter (Q4FY26) results are a classic case of operating leverage in action. While revenue surged 74% year-on-year to ₹1,175 crore, matching market expectations, net loss narrowed significantly, shrinking 57% to ₹100 crore.However, investors remain cautious despite these gains. Volume growth was robust, supported by rapid network ramp-up (700 experience centres versus 350 last year) and the continued success of the Rizta scooter.
05.05 / 01:45
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Attacks on US warships in Strait test Trump’s desire to end Iran war
Subscribe to enjoy similar stories.President Trump’s desire to end the Iran war is being put to the test after Tehran fired at American warships on Monday and violently disrupted a U.S. effort to revive shipping in the Strait of Hormuz.U.S. officials say Trump for days has toggled between two competing impulses: severely punishing Iran for failing to abandon its nuclear work, and avoiding a significant escalation that could draw the U.S.
02.05 / 15:07
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‘Patriot’ review: Mammootty-Mohanlal film favours mind games over set pieces
Subscribe to enjoy similar stories.Mahesh Narayanan’s Patriot begins with a curious disclaimer: “This film is not against digitalization of India”. For any piece of popular entertainment in India today, it helps to be as vanilla and nonconfrontational as possible, and at least in southern India few things are more popular than a Malayalam film starring Mammootty and Mohanlal, and directed by Mahesh Narayanan.
02.05 / 01:25
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Shrinkflation, price hikes buzz in consumer firms as war spikes costs
Subscribe to enjoy similar stories.Mumbai: Fast-moving consumer goods makers are leaning on a mix of price increases, smaller pack sizes and tighter cost controls to navigate raw-material volatility triggered by the ongoing US-Iran war, while still reporting robust volume growth for the March quarter. The ongoing war blew up end February this year, disrupting global supply chains.Executives at top firms said calibrated pricing and ‘shrinkflation’ are helping them protect margins. The trend shows staples demand have held up, but also points to a gradual pass-through of higher commodity and packaging costs to consumers as geopolitical disruptions keep input prices elevated.At Hindustan Unilever Ltd, the strategy is already in motion.
30.04 / 11:27
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To define is to confine—and like the heffalump, the entrepreneur isn’t easy to encage or identify
Subscribe to enjoy similar stories.Many years ago, in 1971, Peter Kilby wrote that understanding entrepreneurship is like hunting a ‘heffalump,’ a fictional elephant-like creature from Winnie-the-Pooh.Many claim to have captured it, but their descriptions do not match and no two agree on what it looks like. After centuries of research, we are still arguing about what an entrepreneur really is.
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