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Subscribe to enjoy similar stories.It all happened in one day.Three of the hottest startups in history moved closer Wednesday to becoming trillion-dollar companies. With a fresh filing, SpaceX showed the path to a landmark IPO likely to mint Elon Musk as the world’s first trillionaire.

Subscribe to enjoy similar stories.Homegrown advertising group RK Swamy Ltd is betting on its integrated marketing model to drive growth over the next few years, combining media, creative and other advertising services even as the ‘Big Four’ agency networks increasingly separate those businesses.“We never did disaggregated media and creative [although] that was an option 20 years ago,” Shekhar Swamy, MD and group CEO of RK Swamy Ltd told Mint in an interview.“How can you disaggregate the two? The media function holds a lot of data, and then when media and creative walk separately, it creates a lot of tension. This is not a sensible model for a client.”RK Swamy’s clients include Magicbricks, Polycab, and several government institutions and PSUs such as LIC.The company reported a 15% jump in annual revenue for FY26 to ₹351.73 crore, while profit before tax and exceptional items rose 30% year-on-year to ₹32.2 crore.

Subscribe to enjoy similar stories.Nvidia is no longer the only AI chip game in town. But it is the largest by far, and the likelihood that it will be that way for the foreseeable future should count for something.It hasn’t counted for much lately.

Subscribe to enjoy similar stories.In the new Netflix documentary series Should I Marry a Murderer?, Caroline Muirhead, a Scottish forensic pathologist, falls in love with Sandy McKellar, a man who, after proposing, reveals to her that he and his brother have committed a homicide. What follows is baffling: Even after Muirhead turns him in to the police, she returns to his side.

Subscribe to enjoy similar stories.PI Industries stock has fallen 11% over the past two trading sessions as pressure in its custom synthesis and manufacturing (CSM) business persisted. CSM revenues have now declined year-on-year for five consecutive quarters. The segment, which contributed about 75% of the agrochemicals maker’s FY26 revenue of ₹6,714 crore, saw revenue fall 16% year-on-year.Weak demand and customers’ shift to just-in-time procurement continued to weigh on the CSM business, where revenue declined 15% in the March quarter (Q4FY26), though that marked an improvement from the 32% drop in Q3FY26.Management said the global crop-protection market remains stuck in a prolonged multi-year downturn, resulting in an uneven recovery.

Subscribe to enjoy similar stories.Foreign investors have spent much of this year cutting exposure to Indian equities, diverting some capital to Taiwan and South Korea amid an AI-driven rally and robust semiconductor earnings. However, recent selling in those East Asian markets has brought the conversation surrounding foreign flows back to India.According to Bloomberg data, Foreign portfolio investors have pulled nearly $23.4 billion from Indian equitiesso far this year, driven by stretched valuations, rupee weakness and softer earnings growth expectations.

Subscribe to enjoy similar stories.Oil marketing companies’ (OMCs) strong March-quarter (Q4FY26) results hide the heavy losses they are incurring due to higher crude oil prices. Brent crude now trades over $100 per barrel, up from about $70 per barrel before the West Asia war began.Efforts to soften the blow are still not enough to cushion the impact of crude price surge.

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.

Subscribe to enjoy similar stories.MUMBAI: Indian FMCG products might get costlier on account of the war in West Asia as companies use up their buffer raw material stocks and shipments of key ingredients, including crude oil and oil-derived products, slow down because of global tensions, experts said.Persistent crude oil-linked inflation could keep companies cautious on pricing, margins and expansion plans. As inflationary pressures build, consumers are expected to cut back on discretionary spending and reduce shopping frequency.“People will start to look at value for money often.

Subscribe to enjoy similar stories.Travel fintech startup Scapia has raised $63 million in a fresh funding round led by General Catalyst, with continued participation from existing investors Peak XV Partners and Z47."We're still very young and very small in terms of the largeness of India. There's a large opportunity to scale the business into a larger customer base," said Anil Goteti, founder and chief executive of Scapia in a conversation with Mint.

Subscribe to enjoy similar stories.The monthly mutual fund factsheet, primarily a standardized disclosure and compliance document, is evolving into a more carefully crafted communication tool for fund houses in an era where investors are more digital and informed.The shift reflects changing investor behaviour. Direct plans—where investors buy units directly from asset management companies without distributors—accounted for 49% of industry average assets under management in April 2026, up from 45% two years earlier, according to AMFI data.That rise suggests more investors are evaluating and comparing funds independently, increasing the importance of how fund houses present disclosures, portfolio positioning and performance context.Fund houses are now moving well beyond minimum disclosure requirements.Edelweiss Mutual Fund introduced a new factsheet format in 2026 called Fundverse, which includes rolling return analysis, portfolio overweight and underweight positions versus benchmarks, key return contributors, and SIP and SWP contribution breakdowns.Rolling return analysis, unlike trailing returns, measures performance across every possible holding period instead of one fixed start date, giving investors a broader view of consistency across market cycles.For instance, if an investor had invested in the Edelweiss Mid Cap Fund on 30 April 2021 and stayed invested till 30 April 2026, the fund would have delivered a 5-year trailing CAGR return of about 21.02%, turning ₹10,000 into nearly ₹25,968.

Subscribe to enjoy similar stories.K Hospitality Corp, which operates restaurant brands such as Copper Chimney and Bombay Brasserie, has launched Kliff Ventures — a strategic investment platform with a corpus of ₹200 crore to invest in early-stage consumer retail brands, a top executive at the company said.“Over the last five decades, we have seen the evolution of consumers, their eating habits and the multiple shifts that have taken place. The timing of this fund is closely linked to how the market has evolved and the enormous opportunity that the consumer sector in India presents,” said executive director Karan Kapur in an interview with Mint.The fund, which aims to selectively deploy capital across 5-6 investments, will focus on partnering with and scaling companies in food & beverage, retail, consumer services and allied sectors.

Subscribe to enjoy similar stories.The Reserve Bank of India (RBI) has put out a draft amendment to its earlier directions on prudential norms for the capital adequacy of commercial banks. It deals with Pillar 3 (disclosure requirements) of the Basel III framework, adopted by RBI in 2013.The rationale, according to the central bank, is to ensure greater consistency with that framework, as prescribed by the Bank for International Settlements, the global collective of central banks.

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.

Subscribe to enjoy similar stories.Trading your mortarboard for a company badge is exciting. Just make sure your first job after college is the starting point, not the high point, in a satisfying career.If you’re a new graduate, you were about 6 years old when a basketball player named Tyreke Evans won the NBA’s rookie-of-the-year award with stats comparable to Michael Jordan’s and LeBron James’s in their debut seasons.

Subscribe to enjoy similar stories.India is gearing up for one of its largest offshore oil and gas exploration campaigns in recent years.The government has planned extensive geological surveys across multiple eastern offshore basins.The timing is no coincidence. India still sources nearly 85% of its crude oil from overseas, along with a significant chunk of its natural gas needs.That dependence leaves the economy exposed; any spike in global crude prices, geopolitical flare-up, or supply disruption abroad quickly feeds into higher fuel costs and inflation at home.According to media reports, survey ships are expected to soon begin scanning vast stretches of the Bay of Bengal and nearby offshore regions to hunt for commercially viable hydrocarbon reserves buried beneath the seabed.The government has floated bids for a large-scale multi-basin exploration project covering the Bengal-Purnea, Mahanadi, Krishna-Godavari, Cauvery, and Andaman offshore basins—all using advanced 2D Broadband Marine Seismic and Gravity-Magnetic surveys.The scale is striking.

Subscribe to enjoy similar stories.American hospitality chain Marriott International is betting on a surge in outbound Indian travellers despite temporary disruptions from the West Asia war and Prime Minister Narendra Modi’s call for austerity, with this growth likely to reshape customer loyalty programmes that reward customers with points and perks for repeat stays.The company said loyalty-conscious Indian travellers are increasingly driving demand across Southeast and East Asia, and now expect far more from hotel loyalty programmes than simple earn-and-burn on room nights, including upgrades and experiences beyond stays.“We’re seeing Indian travellers explode into Southeast Asia -- not just Thailand -- but in every destination, from Bali to Japan to South Korea, this summer,” said John Toomey, chief commercial officer for Asia Pacific (excluding Greater China) for Marriott International. He attributed part of the growth to rising air connectivity, led by IndiGo and Air India.The hospitality chain expects travel demand to remain strong through the summer months, with a significant jump in June and July compared to the same time last year.

Subscribe to enjoy similar stories.MUMBAI: India’s microfinance institutions (MFIs) are returning to growth mode after almost two years of sector-wide stress, but management commentary indicates the recovery will be measured and cautious as these lenders grapple with geopolitical uncertainty, inflation risks and a structurally altered lending environment.CreditAccess Grameen Ltd, Spandana Sphoorty Financial Ltd and Satin Creditcare Network Ltd suggested that collection efficiency and asset quality have improved materially, aided by stricter underwriting norms and guardrails introduced after the recent microfinance crisis.“The sector is healing,” H.P. Singh, chairman and managing director of Satin Creditcare, said during the company’s Q4 earnings call on 12 May.Portfolios at risk (PAR), a percentage measure of overdue loans by number of days, have declined in the sector.

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.

Subscribe to enjoy similar stories.Apollo Hospitals Enterprise Ltd (AHEL), the country’s largest listed hospital chain by beds, is betting on its planned capacity expansion as well as its clinical programmes and expertise to maintain its lead in an increasingly competitive private healthcare market, its top management said.The hospital chain, which commissioned four hospitals in Pune, Kolkata, Hyderabad and Delhi in FY26, plans to add about 1,500 beds in the next 12-18 months. This includes beds in the new hospitals as well as existing ones.“We think capacity is a strategically important lever… it will place us as the largest player substantially in terms of bed capacity.

Subscribe to enjoy similar stories.Brokerage firms facing scrutiny over a potential compliance violation have long been able to help their cause by engaging with regulators throughout the process. Now Finra, the brokerage industry’s self-regulatory organization, is piloting a new self-reporting initiative that could bring Finra’s inquiries to an end sooner and potentially avoid penalties.Leaders of Finra’s enforcement division described reforms to the organization’s processes at a recent conference in Washington, stressing the importance of volunteering information that could help regulators understand more about the firm’s operations, what might have gone wrong from a compliance perspective, and what the firm is doing to address the issue.At the outset of an investigation, Finra is inviting firms, along with their outside counsel, to sit for an introductory meeting.