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Bajaj Finserv profit stalls as India’s Q3 results rush hits Trent, Tata Power next

Bajaj Finserv profit stalls as India’s Q3 results rush hits Trent, Tata Power next

Bajaj Finserv’s December-quarter profit was nearly flat at 2,229 crore rupees, despite a 24% jump in revenue to 39,708 crore. Over 140 Indian firms, including Tata Power and Trent, are reporting earnings today. Markets steadied after recent gains, as IT stocks fell sharply. Emcure Pharmaceuticals’ profit rose 50%, while Westlife FoodWorld’s profit dropped 85%.

Stock Market Today

  • Iran war triggers motor oil shortages and price surges amid Middle East supply disruption
    May 19, 2026, 6:57 AM EDT. Wholesale motor oil prices are surging as supply chains face disruption from the ongoing war with Iran. Damage to the Pearl GTL plant in Qatar and closure of the Strait of Hormuz have slashed production of critical base oils, especially Group III grades which supply 44% of the global market. Industry leaders warn of imminent shortages of low viscosity oils like 0W-20, essential for newer vehicles and accounting for a third of passenger car demand. Prices have soared by up to $5 a gallon, a drastic jump from typical annual increases of less than $1, driven by higher costs for crude, additives, and logistics. The crisis highlights the vulnerability of global lubricant supply amid geopolitical tensions in the Persian Gulf.

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Standard Chartered’s Push Into AI May Cut 7,000 Jobs as Bank Looks for 18% Returns

Standard Chartered’s Push Into AI May Cut 7,000 Jobs as Bank Looks for 18% Returns

19 May 2026
Standard Chartered will cut over 7,000 jobs by 2030 and aims for an 18% return on tangible equity, focusing on AI and automation to boost efficiency. The bank reported record Q1 operating income of $5.9 billion and profit before tax of $2.5 billion. Job cuts will mainly affect corporate and support roles in hubs like Bengaluru, Tianjin, and Warsaw. The bank seeks to attract $200 billion in new wealth by 2028.
AEP Stock Moves as 13F Filings Add More Questions

AEP Stock Moves as 13F Filings Add More Questions

19 May 2026
Institutional holdings in American Electric Power fell by March 31, with Northwestern Mutual Wealth Management, Allworth Financial, and Lockheed Martin Investment Management all reporting smaller stakes than at year-end. AEP raised its five-year capital plan to $78 billion this month, citing rising demand from data centers and industry. The company priced a 23.5 million share offering at $127 each after reporting first-quarter operating earnings of $1.64 per share.

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Ondas Shares Drop Following $199 Million AI Defense Deal, Traders Eye Next Steps

Ondas Shares Drop Following $199 Million AI Defense Deal, Traders Eye Next Steps

18 May 2026
Ondas Inc. shares dropped about 10% to $9.555 in midday Nasdaq trading Monday after announcing a $199 million all-stock acquisition of Israeli defense software firm Omnisys and filing for potential resale of over 2.2 million shares tied to a previous deal. Trading volume topped 48 million shares. The Omnisys deal is expected to close in Q2, pending approvals and retention of key staff.
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