Exit polls, Lok Sabha elections verdict to set market trend this week: Analysts

• Exit poll trends would start coming in on May 19 after the close of voting
• Experts are of the opinion that bourses may be indecisive till the final election outcome is known

J&J’s largest India plant lying idle three years after completion

• The plant was completed in 2016 but has been idle ever since. The facility was expected to employ 1,500
• Demonetisation disruption hurt demand for basic consumer goods; weak rural incomes a further concern for consumer product firms

Orix exercises right to buy IL&FS wind portfolio, GAIL loses bid

• Orix will be exercising its right under the terms of an existing MoU wherein Orix can match the price offered by the highest bidder for purchasing IL&FS Wind Energy Ltd's stake in the wind plants
• The sale process to Orix is expected to end by the end of June

Clarity on Jet Airways expected in a week, says SBI chief Rajnish Kumar

• SBI chief said there are many investors who are showing interest. We have to see whether they have the money and the wherewithal
• Lenders of Jet Airways, led by the SBI, are currently in the process of selling the airline to recover their dues of over ₹8,400 crore

US restrictions won’t hurt Huawei's growth, says CEO Ren Zhengfei

• 'We have not done anything that violates the law,' Ren said, criticizing the US restrictions
• Trump signed an order that’s expected to restrict Huawei and ZTE Corp. from selling equipment in the US

Now, you can book flight tickets on Amazon

• Amazon has partnered with online travel and leisure activities platform Cleartrip to launch the service
• Amazon said it would not levy any additional charges in case customers cancel the ticket

Gangwal has no desire to control IndiGo, says CEO Ronojoy Dutta

• IndiGo CEO did acknowledged about possible differences between within sections within the airline
• Ronojoy Dutta said in any strong and well-managed company there will always be differences

Breaking the mould: rise of the female voice in art

• With significant retrospectives and women-led shows being organized by museums and galleries, the female voice in art is finally stronger than ever
• The change has been a long time in the making, with women artists, who came after Amrita Sher-Gil in the 1950s-70s

Little bit of turbulence not unusual,differences to be resolved soon: IndiGo CEO

• IndiGo CEO Ronojoy Dutta assured on behalf of Rakesh Gangwal (RG), one of the promoters, that he has no interest in taking control of IndiGo
• Dutta said there may be differences currently on certain matters but the company has a great track record of resolving issues and coming out ahead

How India’s stock markets are poised ahead of election results week

• Markets love continuity and that is the reason they are rooting for a return of the current ruling party
• 'If it’s BJP, then we know obviously what the policies and how the budget will be like,' says a market strategist

Who is likely to win the ‘battle of ballots’? All eyes are on Exit Polls today

• Exit polls of Lok Sabha elections 2019 will start once the seventh phase of elections concludes
• Exit poll trends will set the tone for the equity markets in the initial part of the coming week

HBO plots what’s next as ‘Game of Thrones’ era comes to an end

• HBO is boosting its original programming slate by 50% this year, creating more chances for another blockbuster
• Competitors like Netflix, Amazon and Hulu are churning out more ambitious programming and competing for a finite amount of consumers’ leisure time and money

Toyota rebukes Trump for sending message that carmaker ‘not welcomed' in US

• Toyota said it has spent more than $60 billion building operations in US
• US set a 180-day deadline for negotiating deals with Japan the European Union and other major auto exporters

Voting for the final phase of Lok Sabha elections 2019 begins

• Prominent faces of the final phase of Lok Sabha elections 2019 are Narendra Modi, Ravi Shankar Prasad, Shatrughan Sinha, Sunny Deol
• A total electorate of over 10.1 crore is eligible to cast their ballots in this phase

Naidu meets meets Akhilesh, Mayawati to discuss anti-BJP front

• Before meeting Akhilesh, Mayawati in Lucnkow, TDP chief met Rahul Gandhi in New Delhi to discuss anti-BJP front
• Naidu is pitching for a joint anti-BJP front to steer the next government

AIR News has special plans for election day

• AIR News will bring out Special Janadesh 2019, a bilingual programme in Hindi and English - from 7 am on 23 May to 11 pm on 24 May
• The programme will be broadcast on AIR FM Gold and other channels

A day ahead of last phase of polling, EC in yet another controversy

• CEC Sunil Arora said the top three members of the poll body are not 'expected to be template or clones of each other'
• The EC has maintained that the ongoing developments are an 'internal matter' and that a meeting is set to take place on 21 May to discuss this and other related matters

Blockchain may make e-commerce cheaper, fairer

• Blockchains allow multiple stakeholders to transact money or data virtually over linked peer-to-peer computer networks
• It allows buyers, sellers to interact directly with each other without the need for third-party mediators of any kind

No oil shortage as stocks are building, but OPEC will act if needed, says Saudi

• 'We will be flexible. We are going to do the right thing as we always do, Khalid al-Falih said
• 'I am not sure there is a supply shortage, but we will look at the analysis,' said Saudi Arabia's Energy Minister

Rival carriers eye Jet Airways' foreign flying rights

• The government is allocating Jet’s flying rights on a temporary basis till the company resumes operations
• Jet disappearing from the market, has affected the industry’s capacity and has raised airfares

Immigrant with little English, big American dream: Bezos shares father's journey

• Amazon CEO Jeff Bezos shared on Thursday a video to celebrate his father's journey
• 'My dad's journey to the US shows how people come together to help each other,' says Jeff Bezos

Yes Bank to claw back ₹1.44 crore performance bonus from ex-MD Rana Kapoor

• Yes Bank, which is grappling with bad loan issues, has come under the scanner of the Reserve Bank for weak corporate governance
• Rana Kapoor is one of the founders and promoters of Yes Bank, which started operations in 2004

IHCL ties up with GIC to invest ₹4,000 crore in India

• Investment platform will acquire fully operational hotels over next 3 years
• The acquisitions will be housed in a separate SPV, but will be managed by Indian Hotels

Weak earnings, demand shocks, bad loan mess crimp market returns in NDA’s term

• Benchmark Sensex gained 57% under NDA against a 140% surge under UPA I in 2004-09 and a 98% rise under UPA II in 2014-19
• Foreign investors invested $27.7 bn in Indian equities in 2014-19 against $112 bn in 2009-14

Confident of returning to power with full majority: PM Modi at first press meet

• Modi says the start of an honest govt started on May 17, 2014, a day after Lok Sabha election results were announced
• PM covered more than 1 lakh kilometers through his election campaign, says BJP President Amit Shah

New US immigration plan: Green cards to be replaced with 'Build America' visa

• Every year the US issues nearly 1.1 million green cards
• Currently most of cards are issued based on family links and diversity visa

Former CIA agent gets 20-year imprisonment on charges of spying for China

• Kevin Mallory was convicted under the Espionage Act for selling classified US 'defense information' to a China
• 'Your object is to gain information, and my object is to be paid,' he told the Chinese agent in May, 2017

Don’t change your investment strategy due to elections

• There are multiple opinions on what will the impact of the outcome be on financial markets and investment portfolios
• It is important to keep in mind that there is no perfect way to predict the outcome of elections

A cheat-sheet for your first overseas trip

• Passport costs approximately ₹1,500 for a fresh application and ₹2,000 for a tatkal application
• Travel insurance is a must for going abroad, as any unforeseen medical issue can cost you dearly

Stay away from stock tips

• If taming the stock market was easy, everyone would do it
• Losing money in market is real and facing volatility is part of the deal

India's Forex reserves up by $1.3 billion to over $420 billion

• The overall forex reserves rose to $420.055 billion from $418.687 billion reported for the week ended May 3
• RBI's weekly data showed that the value of the country's gold reserves was stagnant at $23.021 billion

Amid West Bengal brouhaha, high political stakes and disillusioned voters

• In the midst of all the posturing, both TMC and BJP seem to be ignoring students who are a key constituency
• With all parties pushing students to the margins in the state, it is not surprising that Vidyasagar’s bust gets trashed

Say check mate in a suit

• SS Homme, Mumbai-based bespoke menswear atelier, is collaborating with Italian fabric manufacturer Carlo Barbera to create a line of dapper corporate suits
• With an emphasis on pattern and pattern, the 25-esemble collection encapsulates the dressing habits of young, well-travelled Indians

You can break up Facebook but it won't serve any purpose: Sheryl Sandberg

• 'People are concerned about election security, content, privacy and data portability,' Sandberg said
• Several US Senators have called for breaking up the social network amid repeated data breaches

Theatre is a magnet to people, it impacts economy positively: Howard Panter

In an interview with Mint, Trafalgar Entertainment’s Howard Panter talks about India as a market for musicals, the scope for live-streaming and theatre screenings, and providing quality theatre experience

Game of Thrones’ heart at war with itself

• The epic TV show has been a massive disappointment this season
• Game of Thrones began in 2011, and its final episode will be aired on Monday morning

Nestle India chief flags concern for industry over lower-than-expected monsoons

• Narayanan was addressing reporters on company’s entry into organic products
• The company, however, bucked the trend of a slowdown because of its lower exposure to rural market

Oral polio vaccine made by govt-owned firm fails quality tests

• The Central Drugs Laboratory has declared 16 batches manufactured by Bibcol as ‘substandard’
• Approximately 90 million doses of polio vaccine are required for the sub-national programme in June

NSE to move SAT against Sebi’s co-location orders

• Appeal will mark rare instance when the exchange is challenging the regulator’s orders
• On 30 April, Sebi found that NSE had failed to provide equal access to all trading members

Spencer’s to acquire Nature's Basket for ₹300 crore to increase footprint

• The Kolkata-based retail chain will gain access to Nature’s Basket’s online platform
• Last year, Godrej had earned ₹9,969 cr, out of which the turnover of Nature’s Basket was ₹291 cr

Etihad’s nominee director on Jet board Kamark puts in his papers

• Kamark has also held several management positions in Scandinavia and elsewhere
• The Abu Dhabi-based airline currently owns a 24% stake in Jet Airways

Five ways Jet Airways’ crash landing affected air travel industry

• Jet's suspension of operations has crippled the air travel market and made ticket prices costlier, especially those booked closer to the travel date or on the travel date
• The decrease in available seats for sale and the surge in price have brought the growth in the air travel market to a halt in March

Elon Musk to personally examine, review all Tesla expenses

• Musk informed his Tesla team about the decision over an email that was sent to all employees, Electrek reported on Thursday
• Tesla also closed a massive $2.7 billion capital raise in order to support its operations

Bharti Airtel's ₹25,000 crore rights issue oversubscribed

• The company's rights issue, which had opened on 3 May, closed for subscription on Friday
• SingTel said it will infuse ₹3,750 crore in Bharti Airtel by subscribing to the rights issue of the company

Debt glide path to be different for each state: N.K. Singh

• Finance Commission to suggest different debt glide paths for each state to reduce overall debt-to-GDP ratio of states to 20% by 2024-25
• The Commission is likely to submit its report by end 2019

Opinion | Donald Trump gives Indians reason to cheer

Under America’s new system, the well-educated who are capable of taking up relatively sophisticated jobs—say, Indian technology professionals—will have it easier

Bajaj Auto Q4 net at ₹1,306 crore, shares jump 5%

• It was aided by one-time gain of ₹342 crore
• Revenues from operations came rose 9%

Govt refuses to share Switzerland info on black money, cites confidentiality

• There is no estimation of amount of black money in circulation both inside and outside the country, the ministry said
• The Finance Ministry was also asked to provide details of black money cases received from other countries

Flipkart Big Shopping Days deals: Discounts on iPhone XR, Zenfone Max Pro M2

• The five-day mega-sale started on 15 May and will go on till 19 May
• Flipkart has partnered with HDFC Bank to offer 10% instant discount on transactions made via its debit and credit cards as well as for those opting for EMIs

IndiGo founders seek safe landing amid row

• Bhatia, Gangwal hire law firms to help pre-empt a power struggle
• The brief for the law firms is to avoid escalation of differences and prevent the matter from landing in court