About Rs 40-60 lakh crore will transfer between generations in the next decade. Without a will, a significant portion may get lost as legal cost. Read full report here

At the close, Sensex fell 162 points, Nifty was down 3. 

Emami, United Breweries, and Tata Consumer Products were the top losers in the Nifty FMCG index. 

Matrix Geo Solutions Limited, a geospatial technology and engineering consultancy company, announced its audited financial results for the financial year ended March 31, 2026, reporting strong growth across revenue, profitability, and balance sheet metrics. The company recorded a 73.2% increase in net profit to Rs 1,005.92 lakh for FY26, compared to Rs 580.75 lakh in the previous financial year.

Revenue from operations for FY26 stood at Rs 4,010.08 lakh, an 81.5% increase over Rs 2,209.42 lakh reported in FY25. Total income for the year increased to Rs 4,147.53 lakh from Rs 2,219.25 lakh in the corresponding previous period, driven by continued business expansion and growing demand for the company's geospatial and drone-led service offerings.

Profit before tax for FY26 rose to Rs 1,347.38 lakh as against Rs 776.07 lakh in FY25, while earnings per share increased to Rs 7.95 from Rs 5.42 in the previous year. Total expenses for the year stood at Rs 2,800.15 lakh compared to Rs 1,443.18 lakh in FY25, in line with the company's expanding operational scale and business growth.

The company also strengthened its overall financial position during the year. As of March 31, 2026, total assets stood at Rs 7,722.37 lakh, compared to Rs 2,980.09 lakh a year earlier. Shareholders' funds increased to Rs 6,549.59 lakh, supported by growth in share capital and reserves following the company's successful Initial Public Offering. Current investments were recorded at Rs 2,000 lakh, while cash and cash equivalents rose to Rs 666.54 lakh.

Persistent Systems (BSE: 533179 and NSE: PERSISTENT), a global Digital Engineering and Enterprise Modernization leader, announced a research collaboration with the Indian Institute of Management Ahmedabad (IIM Ahmedabad) to introduce the "AI Value Compass", a study that offers a strategic decision framework designed to help enterprises prioritize and scale AI investments with measurable business outcomes. Developed through joint research, the framework provides business leaders with a structured approach to evaluate, prioritize and scale AI initiatives across the enterprise.

Organizations are accelerating AI adoption, particularly Generative AI and Agentic AI, with many now focused on translating early pilots into sustained business outcomes. While AI capabilities are advancing rapidly, success depends on organizational readiness, including alignment with business strategy, operational integration, data preparedness and governance. The "AI Value Compass" addresses this gap by enabling a more disciplined enterprise-wide approach to AI decision-making.

The framework combines Persistent's expertise in driving enterprise-scale transformation with IIM Ahmedabad's academic strength in management research and decision sciences, bringing together practitioner insight and academic rigor to examine AI adoption through both a technological and organizational lens. Unlike technology-centric approaches, the framework evaluates AI through an enterprise operating model lens, enabling more effective scaling of AI initiatives.

Bharti AXA Life Insurance, one of India's leading private life insurers, has announced a total bonus of Rs 205 crore for the financial year 2025-26. The bonus comprises a Revisionary Bonus (RB) of Rs 145 crore, a Terminal Bonus of Rs 20 crore, and a Cash Bonus of Rs 40 crore. This declaration will benefit approximately 2 Lacs policyholders who have invested in the company's participating (with-profit) products, reinforcing its commitment to deliver consistent value to customers.

Policyholders with traditional participating policies in force as of March 31, 2026, will be eligible to receive the bonus. The announcement reflects Bharti AXA Life's prudent financial management and its focus on ensuring long-term wealth creation for policyholders.

TeamLease Services Limited (NSE: TEAMLEASE, BSE: 539658), one of India's largest staffing companies, today announced its consolidated financial results for the fourth quarter (Q4FY26) and the twelve months ended March 31, 2026 (FY26).

Shares of Parle Industries climbed nearly 5 per cent to Rs 5.51. No major order. Just a viral reel, a familiar name, and a flood of attention. Please read full report here

Pune based EdTech startup Beep App has announced the launch of three specialised UI/UX learning programs aimed at preparing students and early career professionals for evolving opportunities in the digital design and product ecosystem. The newly launched offerings include an Advanced Certification Program, an Advanced Diploma Program and a PG Diploma Program, each designed with a strong focus on practical learning, industry exposure and long-term career support.

The Advanced Certification Program is a five-month course built around a full-scale curriculum that includes three projects, placement assistance for up to six months and lifetime access to learning materials. The program is designed to help learners build foundational and applied UI/UX capabilities through structured industry-oriented training.

The Advanced Diploma Program follows an eight-month learning track and includes two months of on-the-job experience through a business consulting project. Learners will work on six projects, including live assignments, while also receiving placement assistance for up to one year and lifetime learning material access. The curriculum additionally integrates design leadership learning, entrepreneurship and product thinking exposure, global freelancing orientation, personality development and embedded interview feedback mechanisms.

The confusion began on Wednesday after Meloni posted a viral reel featuring PM Modi and the famous "Melody" reference. Read full report here

EY India, the leading professional services firm, today released its latest report highlighting that the Indian banking sector is undergoing a profound transformation on the back of customer experience (CX). Surveying 2,030 banking customers across diverse demographics, the EY report 'Customer Experience Reimagined: The New Frontier for Indian Banking in 2026' reveals that in a market where products and pricing are now baseline expectations, banks must compete on the quality of the customer experience to remain relevant. 

The survey analysis brings into focus seven key customer personas driving the Indian banking sector i.e. aspiring strivers, rising professionals, middle age entrepreneurial, mass affluent urbanites, rural core, golden transitioner and the empowered urban woman.

Branch usage preference 

Branch usage varies significantly across customer segments. While only 9% of aspiring strivers  frequently visit branches-these locations remain important for tasks like KYC updates and documentation. Rising Professionals  maintain substantial branch engagement, with 33% in rural, and 37% in urban areas. Middle-age Entrepreneurs  show even higher branch usage, primarily for cash transactions (68%) and account services (65%). 52% mass-affluent urbanites  rely heavily on branches. Among the rural core  , 56% visit it for deposits or withdrawals. 34% of golden transitioners  in urban areas use bank branches and among empowered women , approximately 45% report frequent branch use. 

PM Modi-Meloni Meet: Melody is still playing on Dalal Street. Only this time, the stock market may not know the lyrics. Read full report here

The message was formal. Calm. Carefully worded. But beneath the corporate language sat the reality of another sweeping restructuring. Read full report here

Meta Job Cuts: Meta employees were informed that their badges had been deactivated. Access to internal systems would be removed. Read full report here

Nearly half of Indian professionals in US would consider returning to India if they lost jobs. Others looking at Canada and Europe as alternatives. Read full report here

BTC regained $77K as markets priced in a possible cooling of geopolitical tensions, after Trump said Iran negotiations were in the final stage. That optimism quickly showed up as Brent slipped below $90, major U.S. indices rose over 1%, and the 10-year Treasury yield dropped more than 9 bps. Crypto market also also noticed Trump asking the Fed to review direct payment-rail access for fintech and crypto firms. Overall, it was a constructive session, with BTC supported by lower geopolitical stress and softer yields.

A REIT (short for Real Estate Investment Trust) allows people to invest in income-generating commercial properties without directly owning them. Read full report here

Rajesh Palviya, Head of Research, Axis Direct

The Nifty advanced 41 points on Wednesday to close at 23,659.0, recovering nearly 1% from the day's gap-down opening, supported by strong buying in Reliance and oil marketing companies, despite the rupee touching a fresh record low. Global sentiment also turned constructive overnight as Wall Street snapped its three-session losing streak, with the Dow surging 645 points and the Nasdaq gaining 1.5%, aided by easing crude prices on optimism around an Iran deal and stabilising bond yields. Asian markets have opened on a positive note, with the Nikkei and ASX trading higher. Brent crude is hovering near $105.5, gold around $4,550 and silver close to $76, while GIFT Nifty is indicating a firm start with gains of 0.9%.

From a technical perspective, the market continues to display resilience. Nifty has been consolidating around the 23,600 zone over the last four sessions while attempting to decisively cross the 50-DMA supply zone on a closing basis. The broader market strength and healthy market breadth suggest improving underlying sentiment. A sustained move above 23,800 could trigger strong short-covering momentum, potentially lifting the index towards the 24,000-24,200 range. On the downside, 23,400-23,300 remains a crucial support band, and unless breached, declines are likely to witness buying interest. Similarly, a breakout above 54,000 in Bank Nifty may fuel fresh short covering and pave the way for a pullback towards 54,600-54,800 levels.

At the close on Wednesday (May 20), the total market cap of all BSE Sensex companies stood at Rs 4,61,05,426.