• RBI Holds Repo Rate at 4%, Maintains Accommodative Policy: The Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 4% in its latest monetary policy review. The central bank also maintained its accommodative policy stance, signaling that it will continue to support the economy.
• Tata Motors to Invest ₹15,000 Crore in Electric Vehicle Business: Tata Motors has announced plans to invest ₹15,000 crore in its electric vehicle (EV) business over the next five years. The investment will be used to develop new EV models and expand the company’s charging infrastructure.
• Indian Stock Markets Open Higher on Strong Global Cues: Indian stock markets opened higher on May 14, 2024, following strong cues from global markets. The Sensex and Nifty indices were up by 0.5% and 0.4%, respectively, in early trade.
• India’s Exports Grow 20% in April 2024: India’s exports grew by 20% in April 2024, reaching a value of $37.9 billion. The growth was driven by strong demand for pharmaceuticals, engineering goods, and petroleum products.
• Reliance Industries to Invest ₹75,000 Crore in Green Energy: Reliance Industries has announced plans to invest ₹75,000 crore in green energy over the next three years. The investment will be used to set up four gigafactories for producing solar panels, energy storage systems, and hydrogen fuel cells.
• India’s GDP Growth Forecast Revised Upwards to 7.5%: The International Monetary Fund (IMF) has revised India’s GDP growth forecast for the current fiscal year to 7.5%. The revision comes on the back of strong economic recovery and robust demand.
• Coal India to Invest ₹12,000 Crore in Renewable Energy: Coal India has announced plans to invest ₹12,000 crore in renewable energy over the next five years. The investment will be used to set up 5,000 MW of renewable energy capacity.
• India’s Forex Reserves Cross $600 Billion: India’s foreign exchange reserves have crossed the $600 billion mark for the first time. The reserves stood at $605.1 billion as of May 6, 2024, making India the fifth-largest forex reserve holder in the world.
• SBI to Raise ₹20,000 Crore via Bonds: State Bank of India (SBI) has announced plans to raise ₹20,000 crore through the issuance of bonds. The funds raised will be used to fund the bank’s growth plans and meet regulatory requirements.
• India’s Merchandise Trade Deficit Widens to $18.1 Billion: India’s merchandise trade deficit widened to $18.1 billion in April 2024, up from $15.1 billion in the same month last year. The widening of the deficit was due to a sharp increase in imports, which grew by 45% to $56.2 billion.

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