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A jury in Oakland ruled Elon Musk waited too long to sue OpenAI and its leaders, a decision that significantly benefits the AI company and its founders. The jury found Musk's lawsuit barred by the statute of limitations, a finding the judge indicated she agrees with. This ruling comes as OpenAI prepares for a potential IPO. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/2fqRnIz >

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Tata Trusts is exploring options after a charity commissioner's order halted board meetings. This directive impacts administrative decisions and shareholder roles in Tata Sons. Trusts plan to seek clarification, argue against a blanket ban, or challenge the order in court, contesting its retrospective application. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/P1pWh8x >

Maharashtra's onion farmers face devastating losses as prices plummet far below production costs. A combination of bumper harvests, weak demand, export disruptions, and unseasonal rains has led to crops rotting and farmers selling at a significant deficit. Many are demanding government intervention and compensation for their distress. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/24tXWVe >

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The government has imposed a Rs 3 per litre windfall tax on petrol exports while reducing levies on diesel and aviation fuel. These revised rates, effective May 16, aim to ensure domestic fuel availability and prevent excessive profits from elevated global crude oil prices amid the West Asia conflict. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/qbW0N4h >

Fuel prices have surged across India, with petrol now exceeding Rs 110 per litre in several states and diesel nearing Rs 100 in many regions. This hike, averaging Rs 3 per litre, follows sustained pressure from elevated global crude oil prices, exacerbated by the West Asia crisis. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/c9gqIY6 >

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Mitsui OSK Lines anticipates further container rate increases due to a gap between rising bunker oil costs and freight rates, particularly in Asia. While a prolonged conflict could impact demand, the company remains bullish on India's growth, expanding its fleet for energy and vehicle transport. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/oqOILbZ >

Crude Prices Over $105/Bbl I FPI Outflows Slower, But Persistent from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/mwoiMgH >

Chandigarh Consumer Commission penalised EPFO Rs 50,000 for a decade-long delay in transferring provident fund. Software glitches were dismissed as an excuse for the significant lapse. The commission found EPFO guilty of deficiency in service and unfair trade practice, ordering compensation for the employee's prolonged wait for his PF funds. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/GfrdE0K >

LTM boosted fresher hiring by 40% and deployed over 1,500 AI agents in FY26 to enhance productivity. Simultaneously, the company increased reliance on overseas subcontractors, particularly in the US and Europe, while its permanent employee count grew overall, driven by India. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/Qze5nK4 >

Foreign funds net sell 8.4K crore stocks; investors poorer by 6 lakh crore from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/qxf98Fl >

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Selling abates, foreign funds in no rush to buy: Goldman Sachs from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/JEYXjmd >

State-owned oil companies are facing over Rs 1 lakh crore in losses due to soaring global fuel prices, with daily under-recoveries reaching Rs 1,700 crore. Despite this, petrol and diesel prices remain unchanged, impacting the financial health of these crucial energy providers. A fuel price hike now appears inevitable, with the government facing a political decision on timing and extent. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/xC2TyJu >

Asian Development Bank Chief Economist Albert Park forecasts elevated crude oil prices, averaging $96 per barrel in 2026 and $80 in 2027, due to prolonged Middle East tensions. This outlook suggests a 0.6% reduction in India's GDP growth for FY27, pushing inflation to 6.9% amid reliance on imported oil and gas. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/YTtWUad >

Foreign portfolio investors have withdrawn over Rs 2 lakh crore from Indian equities in 2026, with May seeing further outflows of Rs 14,231 crore. Persistent global macroeconomic uncertainties, including inflation and interest rate concerns, are driving this trend, making developed market debt more attractive. Despite overall selling, some selective interest remains in specific sectors and growth-oriented mid and small-cap stocks. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/Q6NS0cB >

Global oil inventories are rapidly depleting due to the Iran war disrupting crude flows from the Persian Gulf, leading to concerns of price spikes and shortages. Asia faces immediate pressure, with some nations potentially experiencing shortages within a month as reserves hit multi-year lows. Strategic reserves are being deployed, but this further weakens the global safety buffer. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/QtaODN7 >

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Soaring crude oil prices, averaging $105.4 a barrel, are straining oil companies' finances as they sell fuel below cost. Despite government excise duty cuts, losses are unsustainable. Experts suggest gradual price hikes and innovative strategies to manage the transition to renewables while supporting companies' investments and the macroeconomy. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/wf0PTRg >

US employers added a robust 115,000 jobs in April, surpassing expectations despite global economic uncertainty from the Iran conflict. The unemployment rate held steady at 4.3%. Healthcare and transportation sectors saw significant hiring, while manufacturing experienced job cuts. This resilient labor market suggests the Federal Reserve may hold off on interest rate cuts as inflation remains a concern. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/cEBh39a >

Stock market recommendations: NLC India, and Sammaan Capital have been chosen by Bajaj Broking Research as the top stocks to buy on May 8, 2026, with a 1-month target horizon. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/UH9EJXQ >

Oil prices surged Friday as US-Iran tensions flared, reversing earlier declines. US strikes on Iranian targets prompted accusations of ceasefire violations, escalating fears over the vital Strait of Hormuz. This geopolitical volatility overshadows concerns about suspicious trading activity linked to policy announcements, impacting global energy supplies and inflation. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/zstbDOn >

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Oil prices surged Tuesday as Iranian-linked attacks and military clashes heightened fears of disruption in the Strait of Hormuz. Brent crude rose 6% to $114.44 a barrel, while WTI settled 4% higher at $106.42. The Fujairah Oil Industry Zone was struck by a drone, with Emirati officials blaming Iran. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/tAx4kG0 >

Analysts are bullish on Bajaj Finance, IIFL Finance, and Navin Fluorine, citing strong quarterly results and positive future outlooks. Federal Bank is seen as fairly valued, while Waaree Engineering's revenue beat expectations despite margin concerns. Investors are watching these key companies closely. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/Npo5ghH >

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Computer scientist Adam Back, whose work influenced Bitcoin's design, repeatedly denies being Satoshi Nakamoto. He believes the founder's anonymity has been crucial for Bitcoin's growth, preventing single-point capture and fostering its perception as a digital commodity. Back views Bitcoin's current institutional adoption, including ETFs, as a positive, decentralized evolution. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/fszX5gp >

Rohit Jain, an executive director with three decades of experience at the Reserve Bank of India, has been appointed as Deputy Governor. His three-year term begins on or after May 3, 2026, succeeding T Rabi Sankar. Jain, who previously oversaw banking supervision, joins SC Murmu as an internal promotion to the DG post, with departments likely to be reshuffled. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/tNU2hXu >

India has eased foreign investment rules, allowing up to 100% FDI in insurance and relaxing norms for investments from neighbouring countries. Companies with up to 10% Chinese holding can now invest via the automatic route, though entities registered in China itself are excluded. These changes aim to boost capital inflows amidst a weakening rupee. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/vhFDiyz >

Commercial LPG cylinder prices have surged by nearly 50%, marking the highest single-day hike by state-owned oil firms. Domestic LPG, petrol, and diesel prices remain unchanged despite global energy cost increases. This move impacts industrial consumers and migrant populations relying on smaller commercial cylinders, while airlines face rising ATF costs. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/pLEDkSB >