Adani Group companies' share prices rose after being cleared of bid rigging and dominance abuse allegations. Mutual funds showed interest, with Jefferies maintaining a 'Buy' rating but lowering the price target for Adani Enterprises. Analysts predict a potential increase in the second half of 2026 due to erratic weather conditions and focus on power demand.
India's smart meter rollout under the RDSS is lagging behind with only 44 million meters installed out of the 250 million target by 2028. Execution delays, payment problems, and tariff compression are hindering progress, but the government is working to overcome these challenges. The domestic manufacturing capacity of 100 million meters per year is expected to aid faster deployment.
Maharashtra government reduces VAT on ATF from 18% to 7% to help airlines and passengers cope with rising costs due to West Asia crisis. This move is expected to keep airfares stable and benefit 16 airports and 75 million passengers in the state. Indian aviation sector facing challenges due to airspace closures and spike in ATF prices
India and US officials will meet next month to finalize an interim trade agreement, which was delayed due to a US Supreme Court ruling nullifying reciprocal tariffs. India is seeking preferential access to the US market and discussions on trade issues have been ongoing both physically and virtually.
The implementation of CETA, a trade agreement between India and the UK, has been delayed due to the UK's restrictions on steel imports. Both sides are working on a solution to officially sign the agreement. However, the UK's announcement of new measures to limit tariff-free steel imports will impact India's exports. The CETA aims to double bilateral trade by 2030.
Supreme Court introduces measures to conserve fuel amid rising oil prices. Virtual hearings to be conducted on "miscellaneous days" and during partial working days, with smooth technical coordination ensured by registry. Judges encouraged to carpool and registry employees allowed to work from home two days a week. Measures aim to improve efficiency during global energy crisis.
IMD predicts early arrival of Southwest monsoon, benefiting Kharif crop sowing and winter crop soil moisture. But, possible El Niño conditions in July may cause below-normal rainfall, affecting agricultural output. However, increased irrigation coverage has reduced monsoon's impact on food production.
The UAE is building a new oil pipeline to avoid the Strait of Hormuz, which will double their export capacity and boost Fujairah's role as an energy hub. The project is expected to be completed by 2027. Other Gulf countries are also facing the need to find alternative export routes due to the ongoing crisis in the Strait of Hormuz causing disruptions in global energy markets and rising oil prices.
The government of Maharashtra has approved four major expressways and road projects in order to improve connectivity in the eastern and western parts of the state, including the Nagpur–Gondia Expressway, Bhandara–Gadchiroli Expressway, Nagpur–Chandrapur Expressway, and Navegaon More–Konsari to Surjagad Greenfield road. The overall cost of these projects stands at ₹51,906.35 crore.
ITC Hotels had a successful Q4, with a significant increase in net profit and revenue. They plan to expand to 250 hotels with 22,000+ keys by 2031 and have signed a record 33 hotels in FY26. Despite challenges, the company proactively managed costs and operations while also implementing strategic initiatives.
Real Madrid president, Florentino Perez, is facing calls for resignation after a controversial press conference where he dismissed a female reporter and clashed with journalists. Despite pressure, Perez refuses to resign and has called for a snap election. The only potential challenger is 37-year-old billionaire businessman, Enrique Riquelme, who must meet strict criteria.
PBKS had a strong start in the IPL 2026 season, winning six consecutive matches and setting an unbeaten record. However, their momentum was broken by a string of losses and poor performance, similar to their past collapse in 2015.
JioStar, the TV and online entertainment venture of Reliance and Walt Disney, has taken legal action against Zee Entertainment for illegally broadcasting Bollywood films. The dispute has reached a court committee, with JioStar accusing Zee of being a repeat offender and demanding 250 million rupees in damages. The conflict has been ongoing since February 2025
Devyani International, operator of KFC and Pizza Hut in India, saw a net loss of Rs 10.04 crore in Q4FY26, but revenue increased 18.5% YoY. KFC drove growth with 4.9% SSSG and 15% YoY growth. Pizza Hut reported negative SSSG. The company added 217 stores in FY26 and saw 20% revenue growth in international business.
The rise of women's sports, specifically cricket, is making strides in sponsorship, viewership, and ticket sales. The 2026 Women's T20 World Cup has already surpassed the attendance of the 2020 edition, thanks to boutique venues and the audience from The Hundred tournament. This success highlights the commercial growth of women's cricket.
NCRTC is launching a new Delhi-Karnal Namo Bharat Corridor to improve travel between Delhi, Panipat, and Karnal. The project will have 17 main line stations and is expected to reduce travel time to 90 minutes. It will also provide better connectivity to smaller towns, decongest road traffic, and make daily commuting easier for thousands of people in the National Capital Region.
Rapido, a ride-hailing platform, has raised $240 million in funding, bringing its valuation to $3 billion. Led by Prousus, the round saw participation from existing investors. The company plans to expand into new markets and deepen operations, with a 44% revenue growth in FY25 and a foray into car-hailing. Rapido is gaining market share and competing with industry leaders like Uber.
The BMC has announced a 10% water cut in Mumbai due to low water levels and anticipated weak monsoon. The civic body urges residents to use water carefully and avoid wastage, while monitoring reservoir levels closely. The cut will also affect surrounding areas, highlighting the need for conservation measures.
Western Railway has extended the services of a superfast special train between Mumbai Central and Kathgodam, making it easier and faster for passengers to travel to Uttarakhand. The train will now run till May 2026, covering important stations in Uttar Pradesh and Uttarakhand. This extension will also boost tourism and weekend travel from Mumbai.
Muthoot Finance's stock price fell by 7% despite a rise in fourth quarter profit. Motilal Oswal maintains a 'Neutral' rating, indicating a potential 5% increase. The company's record profit growth is supported by loan growth, lending yields, and treasury income. However, risks such as bad loans, regulatory changes, and competition in the gold loan industry remain.
In a move that has surprised many across India’s creator and edtech space, Ankur Warikoo announced on May 15 that he is shutting down his online courses business. The platform had become a major success story in India’s digital education world, and the numbers are huge.Â
Rahul Gandhi and Jairam Ramesh of Congress criticized PM Modi for prioritizing Adani's release over a fair trade deal with the US. The New York Times report stated that the US may drop charges against Adani, causing controversy. The case involves Adani and his nephew Sagar Adani.
Congress criticized PM Modi for raising fuel prices after elections, calling it 'vasooli' or extortion. Other opposition leaders also slammed the government for ignoring public hardship and mishandling international relations. The Centre defended the hike as a reflection of global crude trends, not a supply crisis.
Tata Motors PV shares surged over 8% after reporting its Q4 numbers, which were slightly above estimates. The company’s JLR volume trajectory will be a key factor to watch in FY27. While Nuvama and JM Financial expect double-digit growth, Motilal Oswal flags margin risk. Nuvama raised the price target to Rs 470, JM Financial upgraded the stock to ‘Buy’ with a target of Rs 415.
Ministry of Railways approves new weekly train services from Telangana to Andhra Pradesh, Karnataka, Maharashtra, and Gujarat. This will address issues of limited train options and inconvenient travel planning. Passengers will benefit from improved connectivity to key destinations, including Tirupati, Okha, Bengaluru, and Belagavi.
Kerala Board Class 10th students can check their Kerala SSLC Result 2026 today at 3:00 PM on the official websites. The exams were conducted in March and the results will include overall pass percentage, district-wise performance data, and other statistics. Students must have their registration number and date of birth to access the provisional marks memo.
The Metropolitan Museum of Art has merged with the Ronald S. Lauder Neue Galerie New York, adding over 613 artworks to its collection, including Gustav Klimt's "The Dancer." The $1.5 billion deal, brokered with billionaire art collector Ronald Lauder, will preserve the legacy of the Neue Galerie and aid in the Met's expansion plans.
"Jaafar Jackson's biopic, 'Michael', has become a blockbuster hit worldwide, overshadowing 'The Devil Wears Prada'. The film's success has earned critical praise and is expected to reclaim the top spot in the US. With a record-breaking collection of over Rs 5800 crore, the film is also dominating the Indian box office, chronicling the rise of the Jackson Five to Michael Jackson's iconic fame."
Indian Railways has approved a major redevelopment project for Amritsar Junction Railway Station, with a budget of Rs 402 crore. An additional Rs 100 crore has been sanctioned for new platforms. The project aims to provide world-class facilities to passengers and give the holy city of Amritsar a modern identity. The redevelopment is part of the Amrit Bharat Station Scheme.
The NSE IPO, led by top private equity firms, is set to launch soon with soaring unlisted share prices and significant growth in Q4FY26. Rothschild & Co will act as an independent advisor for the IPO, which will offer a small percentage of shares for sale, with minimal involvement from retail shareholders. The company is estimated to be worth $2.75 billion.
Uttarakhand government releases guidelines for energy conservation, fuel savings, and sustainable development. Measures include regulating AC temperature, controlling unnecessary electricity usage, promoting public transport and EVs, and encouraging video conferencing. Focus on local tourism and economy through campaigns and single-window clearance for destination weddings.
A 22-year-old Indian national has pleaded guilty in the United States for his role in a 'human smuggling' operation that illegally brought migrants from Canada into the US through the northern border.
PM Modi's visit to the UAE aims to strengthen energy security through talks on long-term supply agreements, strategic storage, and safer shipping routes. The UAE is a trusted energy supplier for India, and the visit may lead to new deals on LPG supplies and strategic reserves.
The recent hike in petrol and diesel prices has put major oil marketing companies like Hindustan Petroleum, Bharat Petroleum, and Indian Oil Corporation under scrutiny. Investors are closely monitoring the impact on company earnings and the energy sector, including refinery and energy-related stocks like Reliance Industries and Oil India.
The Kerala Pareeksha Bhavan is set to announce the Kerala SSLC (Class 10) Result 2026 today. More than four lakh students took the exam, and results can be accessed through official websites using registration number and date of birth. Re-evaluation and supplementary exams will be announced later, and students can also check their marks on the Saphalam mobile app.
The US Justice Department has accused the Yale School of Medicine of unfairly favouring Black and Hispanic students during its admissions process, saying the school discriminated against White and Asian applicants.
Oil marketing companies have increased petrol and diesel prices by Rs 3 per litre due to global energy price surge and currency fluctuations. In Delhi, petrol now costs Rs 97.77 per litre and diesel costs Rs 99.67 per litre.
The co-founder and largest stakeholder of Zoho Corporation lives quietly in Chennai, manages the company’s email product, and has spent nearly three decades successfully avoiding the spotlight. The numbers have finally made that impossible.Â
Government caps gold imports under export scheme to prevent misuse and curb forex outflow. Physical inspection of manufacturing facilities will be mandatory for first-time applicants, and regular performance reports and consolidated reports will be submitted for oversight and compliance. Recent duty hikes on gold, silver, and platinum aim to reduce imports and conserve foreign exchange.
The Indian government's fiscal deficit for FY27 is likely to go beyond the projected target due to measures taken to support citizens, farmers, and businesses during the West Asia conflict. However, the government's strong fiscal position makes the slippage manageable. The deficit, initially estimated at 4.3% of GDP, may need to be adjusted due to increased subsidies and revenue loss.
Insurance commission growth highlights high-cost nature of industry, still reliant on expensive distribution. Chairman of Irdai notes concerns about front-loaded acquisition costs, weak profitability, and reliance on cross-border reinsurance. Life insurance dominates market, but rising surrenders and complaints pose risks.
The Indian government has banned sugar exports until the end of September to maintain stable domestic prices and address concerns about lower sugar inventory levels and production in the upcoming 2026-27 season. The move was welcomed by industry experts and associations, but there are concerns about fulfilling existing export contracts.
Heatwaves in India are causing a double whammy for farmers, with scorching temperatures and lower crop yields. Plants are also experiencing heat stress, leading to reduced grain formation and lower quality. These heatwaves are on the rise due to global warming and human activities, with high humidity making it feel even hotter.
TOPS, launched in 2014 and revamped in 2018, has aided India in winning 225+ medals in Commonwealth Games, Olympics, and Asian Games. It identifies and supports elite medal prospects by providing financial and logistical assistance for training in world-class facilities abroad. The scheme has played a crucial role in the success of India's athletes at major events.
India's wholesale price inflation hit a 42-month peak of 8.3% in April, driven by costly crude oil and natural gas, food and fuel, and a weak base. This could result in higher retail prices down the line. The Consumer Price Index also saw a slight rise to 3.48% in April, with predictions of a continued uptick.
Two LPG tankers for Indian Oil Corporation safely crossed the Strait of Hormuz, but an Indian-flagged cargo vessel sank after a suspected attack. This highlights the risks to commercial shipping and energy flows in the conflict-hit corridor. Despite this, 13 India-linked vessels have crossed since March.
IndiGo, India's largest airline, has decreased domestic capacity in major metro airports and increased international operations, with a focus on Gulf and West Asian destinations. This is a common trend among airlines during the low domestic travel season, but IndiGo's reductions this year are more significant than usual. Overall, the airline's domestic network is expected to be impacted.
The Income Tax Department has introduced a new strategy to manage tax appeals more efficiently in 2026-27. This includes prioritizing high-value disputes and resolving the backlog of legacy cases. The department has already disposed of a significant number of appeals and plans to further reduce pending cases by setting targets and increasing accountability.
Global fuel markets are experiencing a demand crisis due to disruptions in the Strait of Hormuz, resulting in a decline in refinery runs and fuel demand. S&P Global Energy forecasts a significant decrease in the second quarter and warns that the market is at a critical point, requiring a decrease in demand to balance supply.
In 2026, FIFA is breaking tradition by hosting a global concert event during the World Cup final. The show, curated by Coldplay's Chris Martin and featuring Shakira, Madonna, and BTS, aims to attract non-sports fans and maximize ad rates. The event is also raising funds for education and football globally. This move solidifies the World Cup as the biggest sporting event in the world.
The Strait of Hormuz is facing a major shipping bottleneck, with 360 vessels stranded and only 40 able to be evacuated per day. This could have a significant impact on global oil, gas, and commodity trade, as the strait is a crucial energy transit route. Despite evacuation efforts, clearing the backlog may take weeks due to logistical challenges.