May 14, 2026

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$32 billion wiped out! Softbank market cap plunges; drop in Asian AI-linked companies drives fall

contact@dailyupdatesindia.com03 mins

The Japanese conglomerate, with its extensive AI investment portfolio spanning various sectors, saw a substantial $32 billion reduction in market capitalisation. (AI image) SoftBank Group’s shares saw a dramatic 14% decline on Wednesday, accompanied by broader falls across Asian AI-related companies, reflecting similar drops in their US counterparts. Investors displayed increasing caution towards the high…

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India deal market surge: Q3 hits 999 deals worth $44.3 billion; M&A drives six-quarter high growth

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Representative image (Picture credit: ANI) India’s corporate deal market continued its strong upward momentum in the third quarter of 2025 (July–September), notching up 999 transactions worth $44.3 billion, according to a report by PwC. This marks the highest level in six quarters, reflecting a 13 per cent rise in deal volume and a 64 per…

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LIC stake sale: Centre mulls up to $1.5 bn divestment by year-end; Sebi float rule drives move

contact@dailyupdatesindia.com03 mins

The government is planning to sell a stake worth $1–1.5 billion (Rs 8,800–13,200 crore) in Life Insurance Corporation of India (LIC) by the end of this year, people aware of the discussions told ET. The move is aimed at increasing the insurer’s public shareholding to 10% — the level required under Securities and Exchange Board…

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Festive sales: Premium gadgets dominate shopping bags after GST cuts; easy credit drives expensive purchases

contact@dailyupdatesindia.com02 mins

This Diwali, consumers have shown growing enthusiasm for premium electronics, spending on costlier smartphones, large-screen TVs, and high-end home appliances. From Navratri through the festival of lights, sales of smartphones priced above Rs 30,000 reached an all-time high, while 43-inch televisions surpassed the long-favourite 32-inch models for the first time, according to industry analysts and…

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Auto sector sees blockbuster Q3: 30 deals worth $4.6 billion sealed; Tata Motors drives frenzy

contact@dailyupdatesindia.com02 mins

India’s auto sector posted a blockbuster quarter in Q3 2025, with 30 deals worth $4.6 billion, its highest in over a year, according to a report. The surge was largely powered by Tata Motors’ $3.8 billion acquisition of Italian commercial vehicle maker Iveco SPA, one of the biggest outbound deals by any Indian auto company.Upon…

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India drives 85% of transactions through UPI; DPPs boost financial inclusion: RBI Governor

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India processes around 85 per cent of its digital payments via the Unified Payments Interface (UPI), making the country a leading example of inclusive, secure, and scalable Digital Public Platforms (DPPs), Reserve Bank Governor Sanjay Malhotra said.Speaking at the “High-Level Dialogue on Forging Economic Resilience through Digital Public Platforms” organised by the RBI on the…

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Vegetable oil imports jump 51% in September: Surge in crude palm oil drives growth; refined shipments fall to zero

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India’s vegetable oil imports rose sharply by 51% in September to 16.39 lakh tonnes, boosted by higher crude palm oil (CPO) shipments, even as refined oil imports fell to zero for the first time since 2021, the Solvent Extractors’ Association of India (SEA) said on Wednesday.Total vegetable oil imports — including both edible and non-edible…

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Silver rate today: Prices climb to Rs 1.57 lakh/kg as global demand drives record rally; what investors need to know

contact@dailyupdatesindia.com02 mins

Silver rate today: Silver prices surged for the third consecutive day on Wednesday, gaining Rs 3,000 to trade near a record high of Rs 1,57,000 per kilogram in the national capital amid global uncertainties and the prolonged US government shutdown.The white metal had closed at Rs 1,54,000 per kg on Tuesday and touched Rs 1,57,400…

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