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Turkey says it is ready to host talks

Financial Express Lucknow

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May 12, 2025

RUSSIAN PRESIDENT VLADIMIR Putin on Sunday proposed direct talks with Ukraine aimed at ending the war, an initiative welcomed by Ukrainian President Volodymyr Zelenskyy who said Kyiv was willing to talk but Moscow must agree to a ceasefire.

- REUTERS

Putin sent thousands of troops into Ukraine in February 2022, unleashing a war that has killed hundreds of thousands of soldiers and triggered the gravest confrontation between Russia and the West since the 1962 Cuban Missile Crisis.

With Russian forces grinding forward, the Kremlin chief has offered few, if any, concessions so far but has proposed talks with Ukraine in the Turkish city of Istanbul that he said would be held without preconditions and aimed at a durable peace.

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Gold and silver storm to records

GOLD AND SILVER climbed to records in a broad-based metals rally as the US Justice Department threatened the Federal Reserve with a criminal indictment, reviving concerns over the central bank's independence.

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UK investigates X over Grok deepfake concerns

UK REGULATORS HAVE opened a probe into Elon Musk's X as backlash mounts worldwide over the thousands of sexually suggestive images generated by the artificial intelligence tool Grok on the social media platform.

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Germany pledges €1.24-bn boost for green partnership

INDIA AND GERMANY on Monday signed and exchanged 27 memoranda of understanding (MoUs) and joint declarations of intent, and made eight key announcements here.

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Balance sheets don't fully reflect bank risks: Deputy guv

BANKING SUPERVISION CAN no longer rely only on balance sheets and compliance checklists as digitisation reshapes risks, Reserve Bank of India (RBI) Deputy Governor Swaminathan J has said, calling for a sharper focus on operational resilience, third-party dependencies and customer protection.

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Apple tops 2025 smartphone mkt

GLOBAL SMARTPHONE SHIPMENTS rose 2% year- on-year in 2025, lifted by stronger demand and eco- nomic momentum in emerging markets, Counter- point Research said on Mon- day. Apple led the market with a 20% share, the largest among the top five brands, supported by solid demand in emerging and mid-sized markets and strong sales of the iPhone 17 series, said Counterpoint analyst Varun Mishra.

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Retail inflation rises to 1.33% in December

INFLATION, MEASURED BY the consumer price index (CPI), rose to 1.33% in December from a series low of 0.25% in October and 0.71% in November, largely on account of narrowing of food deflation and waning of a favourable base.

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January 13, 2026

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Anup Saha joins Kotak Bank as whole time director

KOTAK MAHINDRA BANK on Monday announced that Bajaj Finance's former MD Anup Kumar Saha will oversee its consumer banking vertical.

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BSE, IFCI stocks surge on NSE IPO expectations

STOCK PRICES OF the BSE and IFCI surged on Monday on hopes of the listing of the National Stock Exchange (NSE), which is the highest-valued company in the India unlisted space.

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Battery plant plans back on track: RIL

RELIANCE INDUSTRIES ON Monday said its plans for battery storage manufacturing remain unchanged and are progressing in line with target timelines.

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January 13, 2026

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