A San Francisco news outlet says it has spotted Zerebro developer Jeffy Yu outside his family home, conflicting with reports that he had committed suicide days earlier. The 22-year-old developer of Zerebro, who apparently committed suicide during a livestream on May 4, is actually alive, according to a San Francisco news outlet that claims they spoke to Yu outside his family home. 

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Zerebro dev is reportedly alive and at parents’ house: SF Standard

Canara Bank

Canara Bank reported a 20% earnings beat at Rs50bn with a 1.3% RoA, driven by treasury gains and recovery from written-off loans. Credit growth was 12.6% YoY, deposits 11% YoY, with NIMs stable at 2.7%. Asset quality improved, GNPA down to 2.9%, PCR at 77%. FY26-28E earnings were revised up 5-7%, with a BUY rating and Rs120 TP.

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Buy Canara Bank; target of Rs 120: Emkay Global Financial

Yes Bank Ltd.

Yes Bank shares rose over 8% to a three-month high after reports that SBI and Yes Bank's boards are meeting to finalize the sale of a controlling stake to Japan's SMBC. SBI may sell up to 20% of its 23.97% holding, with SMBC potentially infusing fresh capital. The stock has surged nearly 14% in the past month.

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Yes Bank shares rise 8% to three-month high as lender

Harsha Engineers International Ltd.

Harsha Engineers International reported a 2% YoY revenue decline and a 491bps YoY drop in EBITDA margin to 9.4%, driven by bad debts in the Solar EPC segment and weakness in Romania. Domestic demand remains strong, but global markets face slowdown. Management expects low-teens growth in India Engineering and high-single-digit consolidated growth in FY26.

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Buy Harsha Engineers International; target of Rs 398: Prabhudas Lilladher

BEML Ltd.

State-owned Bharat Earth Movers (BEML) Ltd. has announced a second interim dividend of ₹15 per equity share (150%) on face value of ₹10 each for the financial year 2024-25. Record date for the said dividend has been set as May 15, 2025, the company said in an exchange filing on Friday, May 9. In the last fiscal, BEML Ltd. has declared an equity dividend amounting to ₹35.50 per share.

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BEML announces second interim dividend, fixes record date

Indian and Pakistani tensions have prompted top corporate houses and MNCs to issue safety advisories, especially for employees in Punjab, Rajasthan, and Gujarat. Companies like American Express and Panasonic India are encouraging remote work, postponing travel, and ensuring factory security. Industries such as pharma and food have plants in border areas, with potential supply chain disruptions.

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Companies issue safety advisories, ask employees to work remotely

India and Chile signed the Terms of Reference (ToR) for a Comprehensive Economic Partnership Agreement (CEPA) on May 9, aiming to expand trade beyond their existing Preferential Trade Agreement (PTA). The first round of CEPA negotiations is set for May 26-30, 2025, in New Delhi. The agreement seeks to enhance economic integration by covering sectors like digital services, investment & MSMEs.

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India, Chile sign ToR for a comprehensive economic agreement

Voltas Ltd.

Prabhudas Lilladher revises Voltas' FY26/FY27 earnings estimates downward by 6.6%/7.8% due to slow RAC demand, cost pressure, and Chennai plant ramp-up delays. Voltas reports UCP volume growth in line with industry, with improved margins from better product mix. Market share in RAC dips slightly to 19%. Voltas Beko sees 56% FY25 volume growth, gaining market share. Target price revised to Rs1,516.

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Buy Voltas; target of Rs 1516: Prabhudas Lilladher

Godrej Consumer Products Ltd.

Godrej Consumer Products reported Q4 results with 6% volume growth (4% in India) and a 21.1% EBITDA margin, exceeding estimates. It launched new products, including liquid detergent and mosquito repellents, and entered pet care. Management aims for 5-6% volume growth in FY26 and double-digit EBITDA growth. However, the guidance was underwhelming, leading to a 5% cut in FY26/27 revenue estimates.

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Buy Godrej Consumer Products; target of Rs 1430: Anand Rathi

Dassault Aviation's share price rose 1.75% to €325.8 on May 8 amid geopolitical tensions between India and Pakistan. The Rafale manufacturer's shares have surged 19% in the last month and 65% year-to-date. India's "Operation Sindoor" reportedly used Rafale jets with advanced missile systems, though Pakistan's claims of shooting down Indian jets were debunked by India.

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India-Pakistan conflict: Dassault Aviation share price in focus

SIP inflows in India hit a record high of Rs 26,632 crore in April, up 2.72 per cent from March. Equity mutual fund inflows dipped 3.2% to Rs 24,269 crore but remained positive for the 50th straight month. SIP investments have more than tripled since February 2020, reflecting a decade-long growth trend.

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SIPs gain ground: Monthly inflows hit fresh all-time high of Rs 26,632 cr

Judge David Novak sentenced Mohammed Azharuddin Chhipa to over three decades in prison for sending over $185,000 worth of crypto to the terror organization Islamic State. A man from the US state of Virginia will spend over three decades behind bars after being convicted of sending crypto to the terrorist organization commonly known as the Islamic State of Iraq and Syria.

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