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Taiwan’s $286 Billion Pension Fund Trims Its Dollar Exposure
Taiwan’s largest pension fund has reduced some of its US currency exposure amid heightened market volatility and a broader global reassessment of dollar assets.
Dollar slips on hopes of US-Iran deal; yen rises amid intervention buzz
GLOBAL-FOREX:Dollar slips on hopes of US-Iran deal; yen rises amid intervention buzz
INR recovers under Rs 95/$ mark as oil plunges; Nifty, Sensex stage a sharp recovery
The Indian rupee appreciated 61 paise to close at 94.57 (provisional) against the US dollar on Wednesday, as Brent crude prices retreated from elevated levels under USD 100 per barrel after US President Donald Trump hinted at a possible deal with Iran. Market sentiment was boosted after Trump paused "Project Freedom," a US operation to escort ships through the Strait of Hormuz. Indias BSE Sensex rose 1.2% to close at 77,958.5 on Wednesday, an over two-week high as global market sentiment improved following a drop in crude oil prices after US President Trump claimed progress in negotiations with Iran toward an agreement to end the war. Meanwhile, DXY slipped 97.53, the lowest since February 2026. Over the past 4 weeks, Dollar Index lost 2.22%, and in the last 12 months, it decreased 1.98%.
$1 trillion club gets newest member in Samsung! Check list of 13 most valuable companies
Global trillion-dollar companies highlight tech dominance, AI-driven growth, and investor confidence, with Samsung newly joining an elite group led by Nvidia, Alphabet, and Apple amid evolving market trends worldwide.
Coal India among 10 companies offering dividend yield of up to 11%. Check list here
SBI Securities' Dividend Yield Monitor highlights companies consistently rewarding shareholders. Allcargo Logistics leads with an 11.4% yield, followed by Premco Global at 10.5%. The report identifies ten companies, including Coal India, offering attractive dividend yields for income-focused investors.
Gold, silver extend gains in India on easing West Asia tensions
Gold and silver prices in India surge on May 6, tracking global gains as easing West Asia tensions and a weaker US dollar boost bullion demand.
Reliance Industries shares in focus as Mukesh Ambani eyes satellite foray to take on Starlink
Reliance Industries is evaluating a multi-billion-dollar entry into satellite communications, focusing on low Earth orbit networks under Jio Platforms. The initiative aims to strengthen India’s strategic capabilities amid rising global competition, with discussions underway on technology partnerships, orbital slots and potential acquisitions as the company explores long-term opportunities in future.
Reliance eyes billions in LEO satellites to build India's answer to Starlink
Reliance Industries is set to make a significant entry into satellite communications. The company plans a multi-billion dollar investment in the low earth orbit segment. This move positions Reliance against global players like Starlink and Amazon Leo. Six teams are working on various project aspects. The initiative aligns with India's goal for a domestic satcom presence.
Dollar softens as Middle East ceasefire holds
GLOBAL-FOREX/ (UPDATE 5):FOREX-Dollar softens as Middle East ceasefire holds
Sensex slips 252 pts, Nifty below 24,050 amid currency weakness and expiry volatility
The key equity benchmarks closed with measured losses on Tuesday, as a sharp slide in the rupee to a record low against the US dollar rattled sentiment, while the weekly expiry of Nifty derivatives injected fresh volatility into the market. Escalating US-Iran tensions further bruised investor confidence, wiping out recent optimism sparked by state election results and echoing weakness across global markets. Ongoing quarterly earnings announcements kept traders on edge, prompting a cautious stance. The Nifty slipped below the 24,050 mark, weighed down by private banks and consumer durables stocks, while FMCG, auto and pharma shares defied the broader weakness and ended in the green.
No systemic risk to BFSI sector; may see short-term slowdown in loan growth: Deepak Parekh
Industry veteran Deepak Parekh stated the banking and financial services sector is not facing major systemic risks from global geopolitical uncertainties. He anticipates a short-term slowdown in loan growth. Real estate investment trusts are growing in India. Insurance penetration remains low. Deposit mobilization has moderated as retail investors favor mutual funds. Artificial intelligence's impact on finance is still evolving.
Exclusive | Arvind Ltd in talks to buy US fabric maker Dalco for $125-140 million to expand overseas
Textile major Arvind is in talks to acquire US-based Dalco Nonwovens, aiming to build a local manufacturing base and benefit from shifting global supply chains.