- Markets climb as Trump halts ‘Project Freedom’, oil prices drop; Nasdaq boosted by AMD
Wall Street futures increased after regular trading on Tuesday. Dow futures, having faced an initial dip, are now up close to 100 points following US President Donald Trump’s announcement of “great progress” in discussions with Iran and a “pause” on “Project Freedom” to explore the possibility of reaching an agreement.
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- Gold gains over 1%, silver surges 2% as oil prices decline
On Wednesday, May 6, gold and silver prices rose slightly, reflecting a minor recovery in global bullion markets after recent declines, while crude oil prices fell for the second consecutive session, indicating reduced geopolitical tensions.
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- Samsung reaches $1 trillion market cap, joins TSMC in elite ranks
Samsung Electronics Co., the world’s largest memory chip manufacturer, achieved a $1 trillion market valuation after its stock more than quadrupled in the past year due to heightened demand for chips used in artificial intelligence.
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- India, US close to finalizing trade deal, just one hurdle remains: Christopher Landau
According to US Deputy Secretary of State Christopher Landau on Tuesday (May 5), India and the US are “very, very close” to finalizing a trade deal, needing to overcome “that last hurdle.” Landau emphasized the importance of “reaching some closure” as both nations negotiate a range of significant matters.
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- L&T shares downgraded by Nomura, HSBC lowers target post Q4 results
On Wednesday, May 6, brokerage firm Nomura downgraded its rating for Larsen & Toubro following the company’s March quarter results announcement and its guidance for financial year 2027.
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- ITC implements 50–60% of cigarette tax increases; remaining adjustments over time: Sanjiv Puri
ITC Chairman and Managing Director Sanjiv Puri informed CNBC-TV18 that the firm has transferred 50–60% of recent cigarette tax hikes to consumers and will gradually implement the remaining increases, aiming to achieve a balance between pricing and volume stability.
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- Bombay HC dismisses ₹2-crore bribery FIR against HDFC Bank CEO Sashidhar Jagdishan
On Tuesday (May 5), the Bombay High Court dismissed the FIR lodged against HDFC Bank Ltd Managing Director and CEO Sashidhar Jagdishan, related to a bribery complaint by the Lilavati Kirtilal Mehta Medical Trust, which operates Lilavati Hospital in Mumbai.
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- Congress alleges TVK leader Vijay sought support for government formation in Tamil Nadu
The Congress party claimed on Tuesday that TVK leader Vijay requested their backing for government formation in Tamil Nadu, and has instructed the state unit to make a final decision on the proposal.
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- Coinbase slashes 14% of workforce, transitions to an AI-focused model, CEO Brian Armstrong states
Coinbase announced significant restructuring, reducing its workforce by approximately 14% as it moves towards becoming a more efficient, AI-centric organization, according to CEO Brian Armstrong.
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- TVK disrupts previous trends with nearly 35% vote share; breaks 10% threshold for third parties
The 2026 Assembly elections revealed that the new TVK party, led by actor Vijay, achieved an impressive 34.92% vote share in its first attempt, overturning historical trends in Tamil Nadu where third-party candidates rarely surpassed the 10% mark.
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- United Breweries Q4 results miss estimates; net profit rises 4%, declares ₹10 dividend
Beer manufacturer United Breweries Ltd reported on Tuesday (May 5) a net profit of ₹101.7 crore for the fourth quarter, up from ₹97.4 crore during the same period last year, reflecting a 4.4% year-on-year increase but falling short of the CNBC-TV18 estimated ₹106 crore.
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(Edited by : Juviraj Anchil)
