HDFC Bank's part-time chairman's sudden departure has raised concerns about minority shareholders' protection. Sebi Chairman Tuhin Kanta Pandey emphasized the need for evidence before making accusations and highlighted the code for independent directors to report unethical behavior.
Sebi proposes changes to IPO and re-listing price discovery mechanism through pre-open call auction session to address concerns of artificially suppressed prices and volatility. Public comments on recommendations to be submitted by June 11. Changes could lead to automatic and faster expansion of price bands and reduce need for manual intervention.
The Indian rupee has recovered from record lows with the help of the Reserve Bank of India's intervention. It closed at 96.20 against the dollar, rising by 62 paise. The currency has been affected by the West Asia conflict and has dropped by 5.7%. The RBI is taking measures such as selling dollars and considering a rate hike to stabilize the rupee's future.
India's pulse imports saw a significant drop of 34% to $3.63 billion in FY26 due to slow demand and a strong domestic crop. The Department of Commerce reported a 12% decrease in imports, with yellow peas and masur being the most affected. Global prices have also decreased, leading to a 30-40% reduction in import costs.
A report by Wood Mackenzie reveals that the Strait of Hormuz's prolonged closure could result in a global energy crisis, with Brent crude prices potentially reaching $200 per barrel. This could disrupt 20% of global LNG supplies, trigger the third global recession, and cause significant changes in energy markets.
Southern Railway has introduced a special train between Tambaram and Bodinayakkanur in Tamil Nadu, providing a smoother and more direct option for travelers between Chennai and southern towns. The train will run on selected dates and stop at important locations like Madurai and Theni, enhancing connectivity and improving long-distance travel for passengers.
The upcoming Lucknow–Kanpur Expressway, set to open for public use by the end of this month, will significantly reduce travel time between the two cities to just 30 minutes. It will also be integrated with the Ganga Expressway, creating a well-connected highway network in Uttar Pradesh. The new expressway will improve daily travel and ease congestion, providing a smoother journey for passengers.
Mercedes-Benz India has launched the Night Edition versions of the GLE and GLS luxury SUVs, priced between Rs 1.05 crore and Rs 1.43 crore. These limited-series SUVs come with blacked-out exterior styling, exclusive colour options, and premium interiors. With strong demand for GLE and GLS models in India, the Night Edition adds a touch of exclusivity and personalisation to these popular SUVs.
Star Air has restarted its direct flights between Hyderabad, Jharsuguda, and Bhubaneswar, with six weekly flights. This will enhance regional connectivity between South and East India, benefiting business travelers, industrial stakeholders, tourists, and residents.
India's renewable energy sector is expanding quickly, but transmission infrastructure is struggling to keep pace, resulting in clean power wastage and financial losses. Ember's report stresses the importance of better coordination between renewable energy and transmission infrastructure development. It also proposes using battery storage systems to alleviate congestion and curtailment.
Force Motors, a top automotive company, has experienced a notable rise in overall market share, especially in the van segment where it has a commanding 75% share. The company predicts continued growth this fiscal year, thanks to high demand for its Urbania and Traveller N models.
Elon Musk praises Jeff Bezos for his for-profit companies vs charity remark, showing support for the Amazon founder's comments on creating value for society through business. Bezos also discussed his philanthropic efforts and criticized politicians for vilifying the wealthy. Despite their past rivalry, Musk has publicly expressed admiration for Bezos' accomplishments.
Tata Motors is launching an updated version of the Tiago on May 28, featuring cosmetic changes and distinct styling for the petrol and EV models. The Tiago has been a top-seller for the company, with monthly sales of 6,500 units.
Force Motors is developing an electric version of its Urbania van to cater to the growing demand for cleaner commercial transport solutions. The company plans to expand its presence in the premium shared mobility segment and tap into emerging markets.
The US government will invest $2 billion in quantum computing and take equity stakes in nine companies, including IBM and GlobalFoundries, to reduce reliance on foreign supply chains and counter China's tech dominance. This move aims to harness the potential of quantum computing, which is expected to transform industries. Quantum computing stocks have also surged in response.
Force Motors is introducing a new Trax variant for fleet operators and government departments, with two-wheel and four-wheel drive options. The vehicle will cater to both urban and rural needs, featuring basic amenities like AC and power steering.
The West Bengal government has made singing 'Vande Mataram' compulsory in all madrassas, citing uniformity in assembly practices. The order applies to various institutions under the Minority Affairs and Madrasah Education Department, and immediate compliance is required. This decision follows a similar directive for schools last week.
Delhi CM Rekha Gupta raised the income limit for ration cards to Rs 2.5 lakh, aiming to provide subsidised food benefits to more families. An audit led to the cancellation of 7.72 lakh ration cards, including those of ineligible and deceased beneficiaries. New online applications are now being accepted after a temporary halt.
US authorities stopped an Air France flight from landing in Detroit after a passenger mistakenly boarded from Congo, violating Ebola-related travel rules. The flight was redirected to a Canadian airport. The US government announced stricter screening and restrictions for three African countries affected by the outbreak. The CDC assured that the risk to the US public is low.
The West Bengal government has issued a circular restricting government employees and officers from speaking to the media without prior permission. The directive prohibits participation in media programmes, sharing of documents or information, and criticism of government policies.
The NTA has opened the fee refund portal for NEET UG 2026 re-examination, which will take place on June 21. Candidates who took the cancelled May 3 exam can submit their bank account details to receive a refund. No new application or fee is required. The NTA has also provided clarifications regarding the re-exam.
East Coast Railway has regularized a special train between Bhanjpur and Puri due to high demand from pilgrims and daily passengers. The train will now run with two train numbers and provide smoother connectivity to important stations in Odisha. The new service aims to reduce waiting time and improve regional connectivity, benefitting a large number of passengers.
Indian MP Milind Deora commends the country's progressive tax system, which exempts lower-income citizens from paying income tax. This comes after Jeff Bezos proposed eliminating federal income tax for the bottom half of earners in the US, highlighting the vast disparity in taxes paid by the top 1% and bottom 50%. Deora sees India's rebate-based tax structure as a successful model.
Repolling took place in West Bengal's 144-Falta Assembly constituency after the April 29 vote was cancelled due to electoral misconduct. The Election Commission reported a 60.43% voter turnout with no violence. Central forces and Quick Response Teams were deployed for security.
Delhi Airport has issued a health advisory for travellers from countries affected by Ebola, asking them to report any symptoms or possible exposure. The advisory has been issued by the Union Health Ministry and applies to travellers from DR Congo, South Sudan, and Uganda. The Centre assures that there is no reason to panic, but precautionary measures have been increased.
Elon Musk, the world's richest man, has a meager salary of $54,080 a year and receives no conventional salary from Tesla. His massive wealth comes from owning and stock options in his companies, with SpaceX alone potentially being valued at over $1.75 trillion. His pay packages are tied to ambitious performance goals, with his stake in SpaceX worth over $600 billion.
Abhijeet Dipke, a 30-year-old political communication strategist, founded the 'Cockroach Janata Party' as a viral online political movement. With a background in journalism and public relations, and previous work with AAP's social media team, Dipke has gained a strong online following.
Central Railway introduces additional special trains to help passengers travel comfortably between Bengaluru and Mumbai, and between Maharashtra and Uttar Pradesh during the intense summer heat wave. The new services include a special train between SMVB Bengaluru and Mumbai’s Lokmanya Tilak Terminus, and a weekly special train connecting Panvel and Subedarganj railway station.
BSE, India's oldest stock exchange, is seeing a surge in its share price and gaining attention for its potential inclusion in the Nifty 50 index. With explosive growth in derivatives trading, record profits, and improved efficiency, it has become one of the biggest wealth creators in the financial sector. A brokerage report predicts BSE may replace Wipro in the Nifty 50 soon.
Nuvama gives Bharat Electronics a 'Buy' rating with a target price of Rs 485, predicting a 17% increase. The company has a strong presence in India's defence sector, with high margins and a large order backlog. It exceeded expectations in the March quarter, despite rising expenses. Nuvama forecasts a 14% EPS CAGR and considers the stock to be undervalued.
PM Modi to chair meeting with Council of Ministers to review performance and priorities, address economic challenges, and discuss Union Cabinet reshuffle. Meeting coincides with government's two-year mark and BJP's internal changes under new national president. Focus on governance issues, fuel prices, upcoming Rajya Sabha elections, and potential ministerial promotions.
The two-wheeler industry saw a 29.2% increase in wholesale growth in April 2026, reaching 1.9 million units. This was due to GST reforms, improved affordability, and rural demand. However, growth is expected to moderate to 3-5% in FY27 due to a high base, weather risks, and rising prices. Electric two-wheelers and exports also saw strong growth.
Tamil Nadu's TVK administration, after a week of being in power, expanded its coalition by inducting 23 new ministers, including leaders from partner parties. This decision marks a move towards a more stable alliance, rather than relying on AIADMK rebels.
In 2021, Divyanshu Damani, co-founder of TagMango, and Abhinav Agarwal, a senior member of team, reached out to Ankur Warikoo, one of India's most-followed internet entrepreneurs and the founder of WebVeda. They wanted him on their platform.
Google is facing competition from OpenAI in the race to be the go-to source for online information. With the emergence of AI platforms like ChatGPT and Perplexity, and the changing preferences of younger users, Google is incorporating AI into all its platforms to stay ahead. The future of online discovery and the economics of the web will be influenced by this move.
LaGuardia Airport in New York experienced a sinkhole on Runway 4/22 during a routine morning inspection on May 20, causing flight delays and cancellations. The airport is working on repairs and the runway is expected to be closed until 10 am Thursday. This comes after recent weather disruptions and a strike on the Long Island Rail Road, prompting advisories for travelers.
Delhi-NCR taxi and auto drivers are on a 3-day strike starting May 21, demanding a fare hike due to increasing fuel costs and exploitation by app-based cab companies. The strike is part of a nationwide protest supported by the All India Motor Transport Congress, highlighting the drivers' frustration over unchanged fares for 15 years. Authorities have been warned of escalating actions.
The FBI has shut down a major India-linked call centre fraud operation that allegedly defrauded hundreds of elderly victims in the United States and other countries of millions of dollars through fake tech support scams.
BPCL has adapted to disruptions in West Asian oil supply by increasing spot crude purchases and diversifying sourcing. They have also procured US LPG cargoes and plan to add 1,000 fuel stations by FY27. Despite challenges, their gross refining margin for FY26 was $11.74 per barrel.
Indian refiners are turning to Russian crude oil as a cost-effective alternative due to disruptions in West Asia. This is due to a decrease in Russian crude premiums and a rise in West Asian procurement costs. The United States has extended a waiver allowing Russian oil to continue reaching buyers despite sanctions, providing crucial relief for Indian refiners.
NCDEX launched India's first Sebi-approved exchange-traded weather derivatives contract, 'RAINMUMBAI', for trading rainfall risks in Mumbai. The contract will be available from June 1 to September 30 and cater to sectors like agriculture, power, logistics, and more.
At the Goafest 2026, Prasoon Joshi stressed the need for India to invest in innovation, incubation, and original ideas, and emphasized collaboration between media, corporates, government, and creators. Rajiv Kumar stated that private entrepreneurs will drive India's growth, with government support.
India's power demand has hit a record high of 265.44 GW due to scorching heatwaves in north and central regions. Thermal power remains the main source, but managing peak demand during evening hours is a concern. Experts recommend fast-tracking battery storage and pumped hydro projects, maintaining coal stocks, and expanding time-of-use tariffs.
Indian Railways has launched a special train between Visakhapatnam and New Delhi to meet the high demand during summer. The train will run on May 22 and 26, stopping at major stations and improving connectivity between big cities and smaller towns. This will provide passengers with more travel options and easier ticket booking.
Delhi's public transport system is getting a major boost with an ₹18,000 crore metro expansion plan. This will improve daily travel for a large number of people, reduce traffic congestion, and enhance connectivity across the city. A new ₹6,200 crore metro line between Kirti Nagar and Palam is also in the works.
South Central Railway has extended one-way special train services between Hazur Sahib Nanded–Tirupati and Tirupati–Jalna to ease travel and reduce crowding. The trains will run on specific dates and pass through key stations in Andhra Pradesh and Maharashtra. This move will improve connectivity and provide a big relief for passengers, especially during busy periods when demand is high.
The PFRDA is in talks with the government to raise the guaranteed pension in the Atal Pension Yojana, currently at Rs 5,000 per month. The subscriber base is projected to reach 100 million by FY27, with efforts to educate young people. Concerns were raised about most subscribers receiving the minimum pension of Rs 1,000 and the importance of improved counselling during enrolment.
India's Balance of Payments (BoP) for FY27 is expected to have a deficit for the third consecutive year. To address this, the government is considering dollar mobilization schemes for the Indian diaspora. In the past, schemes like Resurgent India Bonds (RIB) in 1998, India Millennium Deposits (IMD) in 2000, and FCNR (B) in 2013 have been successful in raising foreign currency.
The CRS has revealed that the ongoing war in Iran has resulted in the destruction or damage of 42 US military aircraft, costing the Pentagon an estimated $29 billion. While the US has not released an official assessment of combat losses, Iran sees this as a confirmation of its military strength. The conflict also raises concerns about the sustainability.
Google introduced new AI-driven features at their annual event, I/O. These include AI Mode in Search, advanced Gemini functions, and conversational interfaces for research and task completion. The goal is to minimize steps and use AI to complete tasks, like finding deals and filling forms.
Indian rupee hits record low of 96.79 against the US dollar due to uncertainty over West Asia war. Oil prices and US Treasury yields rising, putting pressure on the currency. Rupee has weakened 6.4% since the outbreak of war, with expectations of further rate hikes. RBI steps in aggressively to support the currency, but may resort to a rate hike in June to control imported inflation.