Savings Effect

PAYTM: CO LAUNCHES POCKET MONEY, BRINGING PAYTM UPI PAYMENTS TO TEENAGERS WITHOUT A BANK ACCOUNT

HDFCAMC in focus 🚨A Cyber-Security Incident Occurred On May 16, 2026 🚨Received A Communication From An Anonymous Source Claiming Access To Certain Portions Of IT Infra 🚨Have Engaged A Specialist Firm To Assess The Potential Impact 🚨Based On Initial Assessment, Incident Is Unlikely To Affect Continuity Of Our Business & Ops 🚨Doesn't Appear To Be Any Material Impact Of Cyberattack On The Company's Ops

Voltas: Guidance - Concall Update Management is focused on sustainable growth, margin resilience, and long-term value creation, with optimism for demand trends across product categories. The company aims to drive top-line growth, expecting gradual improvement in absolute margins and margin profile towards FY25 levels. The room AC industry is expected to grow 15%-20%, commercial refrigeration upwards of 10%, and commercial air conditioning 12%-15% in the coming year. Capital allocation prioritizes Segment A (UCP) for periodic investments in capacity and R&D, with plans to continue these investments in the current year. Ongoing cost optimization programs, including sourcing efficiencies, design innovation, and localization, are strategic priorities aimed at protecting margins and improving profitability.

ONE 97 COMMUNICATIONS: LAUNCHES PAYTM POCKET MONEY FOR TEENAGERS TO MAKE UPI PAYMENTS WITHOUT A BANK ACCOUNT; PARENTS CAN SET SPENDING LIMITS AND MONITOR EXPENSES IN REAL TIME.

GLENMARK PHARMACEUTICALS: LAUNCHES VANCOMYCIN HYDROCHLORIDE FOR INJECTION USP, 500 MG/VIAL AND 1 G/VIAL IN USA; PRODUCT IS BIOEQUIVALENT TO FRESENIUS KABI'S DRUG; MARKET ANNUAL SALES REACH $37.9 MILLION.

INDIA AND NETHERLANDS SIGNED 17 AGREEMENTS SPANNING DEFENCE AND CRITICAL MINERALS, WHILE THE DUTCH SEMICON COMPETENCE CENTRE WILL BE LINKED WITH THE INDIAN SEMICON MISSION.

INDIA MAY NEGOTIATE OIL TRANSIT WITH IRAN: MOODY'S

FUSION FINANCE: CO EYES 20–25% GROWTH, REAFFIRMED ITS RS.10,000 CR AUM TARGET BY MARCH 2027, AND GUIDED FOR CREDIT COSTS OF 3.25 - 3.75%, ACCORDING TO MD & CEO.

Tata Steel Q4 profit more than doubles, beats Street estimates on stronger margins

Starbucks Corp. is planning to open a technology office in India as the coffeehouse chain seeks to cut $2 billion in costs. The new hub is slated for the company’s fiscal year 2027, which starts in October, according to a message sent to workers and seen by Bloomberg News. It will be the company’s first corporate office in India, and Starbucks expects to start recruiting there once it settles on a site later this year.

Drivers and delivery partners linked to ride-hailing, food delivery, and quick commerce platforms will suspend services from 12 pm to 5 pm over demands for higher payouts and fuel-linked compensation.

Likening some unemployed youngsters to cockroaches, CJI Surya Kant said they go on to “become” media, social media and RTI activists and start attacking the system. The comments came while a bench of CJI Kant and Justice Joymalya Bagchi was pulling up a lawyer for “pursuing” a senior advocate designation. It said there were already “parasites” in society who attack the system and asked the petitioner whether he wanted to join hands with them.

India is staring at an intense spell of heat over the coming week, with the IMD warning of severe heatwave conditions in parts of Rajasthan and Uttar Pradesh even as scattered thunderstorms and heavy rainfall continue across southern and northeastern states. According to the IMD forecast, heatwave conditions are set to spread across large swathes of northwest, central and eastern India between May 16 and 21 as the mercury continues to rise over the coming days.