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Lounge. “When I play abroad, people just want to know how India has so many players coming up. Everybody is curious; I think there is a little fear as well.

Bharat Petroleum Corporation Ltd (BPCL) plans to invest Rs 1.7 lakh crore over the next five years in its core oil refining, fuel marketing and petrochemical business as well as in clean energy such as hydrogen, its chairman G Krishnakumar said on Friday. As part of 'Project Aspire', a five-year strategic framework, BPCL plans to raise its oil refining capacity, augment petrochemical business and expand its presence in cleaner fuel space with an eye on energy transition and meeting country's fuel demand, he said at a post earnings investor call. «Our strategy is based on two fundamental pillars — 'Nurturing the Core'; and 'Investing in Future Big Bets'. We remain committed to our core businesses, which include the refining, marketing of petroleum products and upstream. In addition, we are focusing on our big bets, which comprise petrochemicals, gas, green energy, non-fuel retail, and digital,» Krishnakumar said. This will not just help meet the rising fuel demand of the world's fastest growing economy but also help the firm meet its target of achieving net zero carbon emissions by 2040.

₹10 lakh crore in a week as the overall market capitalisation of the firms listed on the BSE dropped to nearly ₹396.6 lakh corr from nearly ₹406.2 lakh crore on Friday, May 3. On Friday, Sensex snapped its three-day losing run to close 260 points, or 0.36 per cent, higher at 72,664.47, with shares of ITC, Reliance Industries and Bharti Airtel among the top contributors to the gain.

NEW DELHI : Nasdaq-listed ReNew Energy Global Plc. has signed five deals to sell 2.2 GW of renewable energy capacity to state-owned entities, significantly expanding its fully contracted renewable energy portfolio. Of these deals, three solar power purchase agreements (PPAs) totalling 800 MW were signed with NTPC Ltd, Damodar Valley Corp (DVC), and Solar Energy Corp of India Ltd.

NEAR IVANIVSKE, Ukraine—For 48 hours, as the soldiers fought to hold a trench on Ukraine’s eastern front, their stores of water had been dwindling. Now, they had only a few sips left. The roads to resupply them were effectively cut off—made impassable by attack drones.

$4.67 billion by 2032 at a CAGR of 18.08%. Service providers say there is robust demand in both rural and urban areas but the coverage in India is still low. They believe that the need of the hour is to bridge the gap of accessibility to tap that demand.

₹10 lakh at IRFC's lowest price each day and sold at the highest price (or short-sold at the highest price and bought back at the lowest), they could have made ₹1.17 crore in a year. Even capturing 20% of these gains would yield an annual return of over 200%. Intra-day movement is calculated as the difference between the daily high and low prices, divided by the low price.

Duolingo says its investment in artificial intelligence is paying off after the language-learning app posted a 54% surge from last year in first-quarter paid subscribers to 7.4 million. The company, which reported a 45% increase in first-quarter revenue to $167.6 million, said generative AI has accelerated its subscription growth and enabled faster content creation. The technology has enabled the company to boost its outlook while other online learning companies report sales declines for the quarter.

Stock market today: After bleeding for the five straight sessions, the Indian stock market had a sigh of relief as there was some relief rally in early morning deals on Friday. However, the Indian volatility index, India VIX, continues to remain on the higher side. The India VIX today opened flat at 18.20, but the index soon gathered momentum and touched an intraday high of 18.66.

P Chidambaram on May 10 questioned the silence of Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman over Rahul Gandhi’s demand of enquiry into the Prime Minister’s allegation that the grand old party has received "tempo loads of black money" from industrialists Gautam Adani and Mukesh Ambani. The silence of the two leaders is ominous, said the former Union Minister, Chidambaram. "The Hon'ble Prime Minister had made a very serious allegation: that two prominent industrialists have tempo-filling quantities of cash and they were delivered to the Congress party.

Also Read Akshaya Tritiya 2024: Gold price rises ₹40,000 in five years. Experts see up to ₹85K peak next year As per the recent media reports, a lower voter turnout so far in India's general election has raised questions about whether the ruling Bharatiya Janata Party (BJP) and its allies can achieve the landslide victory predicted by opinion polls just a month ago. Meanwhile, the sharp rally in 2023, which continued during the first quarter of CY24, has led to stretched valuations for the market, prompting investors to secure profits.

Tomorrow's IPL Match: Kolkata Knight Riders (KKR) will play against Mumbai Indians (MI) on May 11 at the Eden Gardens in Kolkata. KKR, having won eight out of 11 matches, are leading the points table. Kolkata have won four out of their last five matches.

Akshaya Tritiya 2024: On account of falling US dollar rates and rise in the domestic demand, gold rate today witnessed sharp upside movement during early morning deals. Gold future contract on the Multi Commodity Exchange (MCX) for June 2024 expiry opened higher at ₹71,730 per 10 gm and touched an intraday high of ₹72,230 per 10 gm mark within fewe hours of the commodity market's opening bell.

₹22,000 crore in May 2024. FIIs offloaded Indian equities worth ₹22,858 crore within the first six market sessions so far in May 2024.

BJP in Telangana is aggressively pushing to improve on its previous tally of four out of 17 seats in the May 13 Lok Sabha polls in the face of the ruling Congress party’s guarantees that are less than one year old. A larger tally would help the saffron party establish a firm foothold in another southern state, aside from Karnataka and aim for a win in the assembly in coming years. Sections of political analysts believe pro-BJP sentiment is one the rise in state, especially in urban areas, amidst heavy campaigning by Prime Minister Narendra Modi, Union home minister Amit Shah, party president J.P. Nadda, Union minister Smriti Irani, and other national leaders. A slew of defections from the Bharat Rashtra Samiti (BRS) may also help the saffron party’s chances, they said. However, the BJP giving five of the 17 available NDA tickets to recent imports in the place of older core members may leave the party with internal fissures. In the assembly polls last year, the party had fielded 118 candidates, 54 of which were defectors. Only one of them managed to win. “We have been working for the party and have managed to build a base ever since the state was formed. But the leadership has chosen to field people from other parties over our own leaders, which is disappointing,” a party member said.

Buy or sell stocks for today: Following weak global sentiments, the Indian stock market ended lower for the fifth straight session on Thursday. The Nifty 50 index, which represents the performance of the top 50 companies listed on the National Stock Exchange (NSE), crashed 345 points and closed below the 22,000 mark at 21,957. The BSE Sensex, the benchmark index of the Bombay Stock Exchange (BSE), tanked 1062 points and finished at 72,404, while the Bank Nifty index, which tracks the performance of the banking sector, nosedived 533 points and ended at a 47,487 level.

Supreme Court is poised to deliver an order today on Delhi Chief Minister Arvind Kejriwal's interim bail in a money laundering case filed against him by the Enforcement Directorate (ED) regarding the Delhi excise policy case. A bench led by Justice Sanjiv Khanna hinted on Wednesday that it might decide on the interim relief for Kejriwal on Friday, informing the Enforcement Directorate counsel, Additional Solicitor General SV Raju, of this possibility. Kejriwal was arrested by the ED on March 21 in connection with a money laundering probe linked to alleged irregularities in the now-defunct Delhi excise policy 2021-22.

An Ontario man is facing charges in connection with the largest gold heist in Canadian history at Toronto Pearson airport last year, Peel Regional Police say.

The regulation reports to create enhanced due diligence measures and checks on customer’s identity. Obliged entities, such as banks or cryptocurrency asset managers, have to report any suspicious activities to Financial Intelligence Units (FIUs) or other competent authorities. This is an increased level of due diligence on the cryptocurrency industry.

Indian smartphone market registered 8-10% year-on-year growth in shipment volumes in the first quarter of 2024 and is set to grow in high single-digits this calendar year, driven by premiumisation trend and 5G adoption, market trackers Counterpoint Research and Cybermedia Research said. As per Counterpoint, volume shipments grew 8% in the quarter ended March while revenue jumped 18%. However, sales were less than expected due to a drop in retail footfalls and a section of consumers cutting down on discretionary spending even as better inventory levels allowed brands to fill channels with multiple new launches, it said. Cybermedia Research (CMR) said the market recorded 10% year-on-year growth in Q1 2024, with 5G shipments surging 70%, driven by budget 5G handsets (₹10,000-15,000 price band) that grew 400% on year.

Prices in Argentina have surged so dramatically in recent months that the government has multiplied the size of its biggest bank note by five — to 10,000 pesos, worth about $10