📰 India Business Brief: Top Headlines for May 15, 2026

Economic Times

The Economic Times reports on a massive valuation shift in the technology sector and significant regulatory moves by the central bank.

• AI "Reset" Hits IT Majors: India’s top software exporters, including TCS and Wipro, are projected to lose nearly $200 billion in aggregate market value from their peaks due to disruptive AI technology. TCS and Wipro have seen declines of over 50% as the industry faces a potential rewrite of client deployment rules.
• Bond Tax Relief: Markets surged over 1% on Thursday following reports that the government is considering a significant tax cut on foreign investments in Indian bonds to attract capital and support the rupee.
• Adani-Uber Partnership: Uber has teamed up with the Adani Group to establish its first data center in India, marking a major infrastructure play for the ride-hailing giant.
• NBFC Crackdown: The RBI has cancelled the registrations of 150 NBFCs, primarily located in Delhi and West Bengal, as part of a move to tighten oversight in the shadow banking sector.
• Vedanta Upgrade: S&P has upgraded Vedanta Resources' rating, citing stronger finances and the progress of its demerger plans.

Mint

Mint focuses on the ongoing Q4 earnings season and the technical outlook for the equity markets following a volatile week.

• Q4 Earnings Deluge: Over 145 companies are scheduled to release their financial results today, May 15. Key names include Power Grid, Tata Steel, SAIL, NHPC, and ITC Hotels.
• JSW Steel's Massive Profit: JSW Steel reported a staggering 989% year-on-year surge in consolidated profit for Q4FY26, reaching ₹16,370 crore, driven by strong operational revenue growth.
• HAL Growth: Hindustan Aeronautics (HAL) reported a 5.5% rise in consolidated profit to ₹4,196 crore, supported by a steady increase in operations.
• Market Prediction: Despite a 790-point rebound in the Sensex on Thursday, analysts predict a volatile Friday session as the Nifty 50 faces crucial resistance levels amid elevated oil prices and foreign fund outflows.
• Tata Steel Outlook: Brokerages expect Tata Steel’s earnings to be driven by Net Sales Realization (NSR), which may offset higher input costs and subdued volumes in European operations.

Business Standard

Business Standard highlights the impact of global energy shifts on domestic prices and the specific stocks outperforming the general market gloom.

• Fuel Price Hike: Oil Marketing Companies (OMCs) have hiked petrol and diesel prices across four metros as the West Asia crisis continues to pressure global crude supplies.
• Oracle’s Resilience: In a stark contrast to the broader IT rout, Oracle Financial Services Software (OFSS) has gained 16% in 2026, outperforming peers due to its product-led banking software model and AI-driven productivity gains.
• GIFT Nifty Trends: Early morning signals from GIFT Nifty indicated a subdued start for Indian equities, tracking a decline in broader Asian markets and cautious sentiment regarding US-China bilateral talks.
• Offshore Energy Push: The government has announced plans to invest over $20 billion in offshore energy mapping to boost India's domestic oil and gas exploration capabilities.
• Adani Relief: Reports suggest US authorities may be weighing the possibility of dropping fraud charges against Gautam Adani, providing a sentiment boost to group stocks.

TAGS: Headlines, Business News, Economic Times, Business Standard, Mint, Top News

Tags: Headlines Business News Economic Times Business Standard Mint Top News