Investment banks are keen to establish themselves in GIFT City, promoted by IFSCA as the preferred destination for the Global South. Indian firms with international operations and NRIs seeking to list their businesses here are likely to consider IPOs at GIFT. Foreign currency-denominated listings are also gaining traction, with XED's IPO postponed to November.
The Lucknow Metro project's East-West Corridor (Line 2) will bring a major transformation in urban transport with fully driverless metro trains. Equipped with advanced technologies like UTO, CBTC, and AI-based predictive maintenance, the 11.165 km long corridor will have 12 stations and is expected to improve connectivity and reduce travel time.
East Coast Railway will add extra coaches to important trains between Howrah-Puri and Shalimar-Charlapalli from 9-15 May. This will ease the struggle for confirmed tickets and make journeys more comfortable for passengers.
The Bengaluru-Mumbai Superfast Train, set to launch in June, will run through major cities in Karnataka and reduce travel time between the two commercial hubs. The new train will provide faster, more comfortable, and reliable transport, benefiting daily and long-distance travelers. It will also enhance regional connectivity, providing improved access to major urban centers.
The US Justice Department has identified 12 cases of foreign-born individuals, including Indian native Debashis Ghosh, who are facing denaturalisation for serious offences such as war crimes, supporting terrorist groups, and sexual abuse. Ghosh, who is also under investigation for fraud, is among those flagged by the DOJ.
MCX, India's leading Commodity Derivatives Exchange, reported a massive 291% profit growth in Q4 FY26 with a consolidated net profit of Rs 529 crore. The company also saw a 205% YoY revenue growth and a 271% increase in EBITDA. Bullion, metal, and energy were the top growth drivers, and the company's focus remains on sustainable growth and diversification.
Liverpool FC has revised their ticket pricing plans due to pressure from fans, with a 3% increase for 2026/27 and a price freeze for 2027/28. This highlights the tension between rising costs and fan tolerance for price hikes, and the need for clubs to seek new sources of revenue beyond football.
The new suburban railway station between Thane and Mulund in Mumbai is expected to ease congestion, balance passenger load, and improve overall commuter convenience. The Railway Minister has granted in-principle approval for its construction, aiming to strengthen suburban rail connectivity and reduce pressure on existing stations.
A Frontier Airlines flight bound for Los Angeles had a chaotic takeoff after hitting a pedestrian on the runway at Denver International Airport. The pilot urgently reported the incident and an engine fire to air traffic control, with recordings of the panicked conversation being released on social media. The situation escalated as smoke appeared on the aircraft.
In the Tamil Nadu Assembly election, Vijay's TVK emerged as the single largest party with 108 seats, but fell short of majority. The Congress party offered conditional support, and Vijay turned to Left parties and VCK to bridge the gap.
Delhi Metro has launched a 13.2 km corridor with 8 stations connecting Shastri Park and Mayur Vihar Phase III. This will benefit office workers, students, and families in East and North East Delhi. The new corridor is part of Phase V(B) and is expected to reduce traffic and improve connectivity between Central and South-East Delhi.
Trump's media company, which operates his social media platform Truth Social, suffered a huge net loss in the first quarter of 2023. With less than $1 million in sales, the company lost over $400 million due to non-cash losses and stock-based compensation. This news comes as Trump continues to threaten Iran amid ongoing violent clashes in the Strait of Hormuz.
Prime Minister Narendra Modi felicitated 98-year-old Makhanlal Sarkar, a living link to post-Independence nationalist movements, during his visit to Kolkata. He also attended the oath-taking ceremony of Suvendu Adhikari as the first BJP CM of West Bengal.
Goa has been branded with the highest rape crime rate in India, surpassing all states. A total of 105 rape cases were reported, along with other offenses against women and children, highlighting the vulnerabilities in the state.
Goa government designates 82 lakh sqm as No Development Zones (NDZ) to safeguard fragile areas like Majorda and Gonsua from construction. NDZs aim to conserve natural resources, mitigate disasters, and preserve biodiversity.
A Delta Airlines employee died after a tug vehicle crashed into a passenger boarding bridge at Orland International Airport. The Federal Aviation Administration has paused operations at Delta's station and an investigation is underway. No aircraft was involved, but passengers on Delta Flight 2593 were forced to evacuate.
Triumph's new Scrambler 400 X is a versatile and powerful bike that can handle obstacles with ease. Despite being taxed in the highest bracket, it maintains its premium status and off-road DNA. Its design features a 19-inch front wheel, handguards, and a dual-exit exhaust.
Centre to monetize public sector assets, including NTPC, Indian Oil Corporation, and Coal India, by listing fertiliser joint venture HURL for Rs 5,000-6,000 crore in FY27. The move comes amid concerns over global fertiliser and energy supplies and India's dependence on imports from West Asia.
Indian state-run oil marketing companies (OMCs) are struggling with losses of Rs 30,000 crore every month due to stagnant fuel prices, despite a rise in crude oil costs. The government has reduced excise duty, but OMCs still bear a burden of Rs 14,000 crore monthly. The situation worsened with the ongoing conflict in West Asia and disruptions in the Strait of Hormuz.
The income tax department has improved its data analytics and risk assessment systems, resulting in automated alerts for discrepancies between the AIS and ITR. Taxpayers should check and fix any mismatches in the AIS, which may have errors due to incomplete reporting. The online feedback feature can be used to correct them. Accurate ITR filing is crucial to avoid potential tax issues.
The US court's decision to strike down temporary global tariffs imposed by Trump may delay India's bilateral trade agreement. While it signals adherence to multilateral trade norms, the US may still find ways to impose tariffs. The invalidated reciprocal tariffs have caused delays in the interim trade deal between India and the US. The ruling also limits relief for litigants.
India is a leading market for AI-driven cybersecurity, but also experiences high numbers of cyberattacks. Despite this, Indian organizations are optimistic about the potential of AI to strengthen security. However, many lack the necessary cybersecurity architecture and talent to effectively defend against modern threats.
Novo Nordisk's weight-loss drug, Wegovy, saw a 70% increase in sales volume in April due to a sharp price reduction. The combined sales of four semaglutide brands also showed a 40% growth. Novo reduced prices due to competition from cheaper generic versions. Despite this, innovator brands still hold a significant market share.
Founder of HRMES, Deepak Sharma, urges World Bank President for structural reforms to tackle projected 800 million job shortage. This proposal addresses concerns of labor market pressures due to demographic growth, technological changes, and uneven economic growth.
Zepto, a fast-growing quick commerce company, has been granted SEBI's approval for its IPO. The company aims to raise $1.2 billion through primary issuance, with the listing expected in the July-September quarter. The funds will be used for expansion and profitability. Founded in 2020, Zepto has emerged as a top player in the quick commerce market, competing with Blink.
Maharashtra is launching Mumbai Water Metro Project to provide faster and less crowded travel by connecting Mumbai with nearby areas through a water-based transport system. A recent MoU between the Maharashtra government and HYKE AS, Norway will support the project's development and explore advanced shipbuilding.
Indian cricketer Rohit Sharma has announced his upcoming television debut, sparking excitement on social media. The teaser hints at a unique show or collaboration, setting him apart from other athletes who have hosted their own shows while still playing. Fans are eagerly anticipating the title reveal as Rohit continues to excel on the field.
The PSL, Pakistan's top T20 league, is in financial trouble as the PCB and franchises are at odds over unpaid fees. The PCB has issued legal notices to recover billions, but franchises won't pay until they get their share of revenue. This standoff has revealed a liquidity crisis and could jeopardize the league's future. The PCB has set a payment deadline and threatened contract termination.
"The resale market for 2026 FIFA World Cup tickets is seeing a major decrease in prices, with group stage matches dropping by 21.2% in just 30 days. Some matches have a price difference of over $100 compared to official tickets. Mexico has a unique ticket resale market, creating a price floor. The increase to 48 teams and 104 matches has led to an excess of tickets."
Bain Capital-backed Dhoot Transmission, a leading auto components manufacturer, has received SEBI approval for its IPO. The company, founded by Rahul Dhoot, supplies to major OEMs in the automotive and consumer durables sectors. With a strong global presence and diverse product portfolio, the company has seen significant growth in revenue and has a comfortable risk profile.
The new Oakley Meta Vanguard sunglasses are high-performance sports eyewear with AI and connected features. But the real test is whether consumers see them as essential or just another accessory. Priced at Rs 52,300, they aim to turn everyday eyewear into an always-on digital interface with a built-in camera, speakers, and AI capabilities.
West Bengal is set to join the affordable crop insurance scheme after initially opting out. The scheme offers comprehensive protection to farmers with a fixed premium rate and equal subsidy from the Centre and state. It covers a large number of small and marginal landholders and various crops and natural disasters.
Air India reassured its employees about job stability and announced that there would be no layoffs, but annual salary increments would be deferred due to uncertain business conditions. Outgoing CEO Campbell Wilson warned of external pressures on the aviation industry and urged employees to focus on cost-cutting measures.
The Indian government is closely monitoring the West Asia crisis to protect the rapidly growing aviation sector. Steps have been taken to ease liquidity pressure and reduce charges for airlines. GIFT City has become a hub for aircraft leasing and financing, with plans for further growth.
The 62nd Baeksang Arts Awards, hosted by Shin Dong Yup, Bae Suzy, and Park Bo Gum, was a star-studded event for Hallyu Wave fans. Broadcast by JTBC and live streamed by Naver, the ceremony saw popular South Korean actors and actresses walk the red carpet and win awards, including Lee Chae Min and Bang Hyo Rin.
Swiggy's net loss in the March quarter of FY26 decreased to Rs 800 crore, with a 44.7% year-over-year growth in revenue. Its food delivery business saw a Gross Order Value (GOV) growth of 22.6% and Monthly Transacting Users increased by 21%. Swiggy's Out of Home (OOH) GOV also grew by 43%, leading to the company's first full year of profitability. Additionally, Instamart
The investigation into the Air India Boeing Dreamliner crash is in its final stage and the report will be released in a month. The probe is being conducted with utmost seriousness, fairness, and transparency, and all possible causes are being investigated. The preliminary report showed that fuel supply may have been a contributing factor.
Vijay applauds Tamil Nadu Class 12 students and encourages unsuccessful students to remain optimistic and attempt the exams again. This comes as his party, TVK, becomes the largest party in the recent Assembly elections. The state sees a high pass percentage of 95.03, with girls excelling and some districts and schools achieving exceptional results.
The Trump administration is revoking passports of Americans who owe significant child support debt, in efforts to strengthen a federal law and ensure the welfare of American children. The State Department is joining forces with the Department of Health and Human Services to enforce consequences for delinquent child support payments.
The 62nd Baeksang Arts Awards, South Korea's top awards ceremony for film, TV, and theatre, will take place today. The event will feature top contenders like The King's Warden and No Other Choice, and will also mark the return of beloved MCs and the introduction of musicals as a new competitive division.
The proposed Bareilly–Haldwani Greenfield Expressway is set to revolutionise travel between Rohilkhand and Uttarakhand. The 100 km, 4-lane expressway will reduce travel time, ease traffic congestion, and provide safer driving conditions. Its major interchange at Bareilly will connect it to the Delhi–Moradabad–Bareilly Highway.
Motilal Oswal maintains a 'Buy' rating on Waaree Energies with a target price of Rs 3,850, anticipating a 19% increase. The company aims to achieve Rs 1 lakh crore revenue by 2030 in India's solar energy market and is prioritizing backward integration, technology advancements, and battery energy storage.
A new weekly train service has been announced by the South Central Railway for passengers travelling between Telangana and Andhra Pradesh. The Secunderabad-Anakapalle Weekly Express, which will now operate as a regular train, is expected to bring better planning and convenience for commuters.
Air India, facing financial strain due to the ongoing West Asia conflict, held a board meeting to discuss cost-cutting measures such as furloughs and pay cuts. The closure of Pakistani airspace has led to longer routes and higher operating costs. The absence of CEO Campbell Wilson at the meeting raises questions, as the airline faces a record loss of Rs 22,000 crore and searches for a new CEO.
Maruti Suzuki and Mahindra & Mahindra, top automakers in India, had a successful FY26 with record revenues and increasing volumes. However, their earnings revealed a growing gap in the country's auto demand. Maruti prioritized affordability and entry-level recovery, while Mahindra focused on margin expansion, AI-led execution, export growth, and capital allocation discipline.
BSE share price drops 3% despite strong Q4 earnings, analysts believe the market may have already priced in positives. Nuvama raises target price, BSE's market share increases 57 bps QoQ, revenue up 85% YoY. ADPTV estimates revised, FY27 and FY28 adjusted net profit increased by 12.3% and 15.9%. BSE reports robust Q4 with net profit up 32.5% YoY.
Nuvama, a brokerage house, has lowered Bharat Forge's rating to 'Reduce' and set a target price of Rs 1,650, indicating a possible 17% drop in the market price. This decision is based on the company's expensive valuations, delays in defence orders, underperforming overseas subsidiaries, and restructuring plan in Germany, after a 20% rise in stock price in the last month.
The Railway Board has approved a new passenger train on the Guntakal–Markapur Road route in Andhra Pradesh, starting on 14 May 2026. This daily train will have 16 stops, providing a reliable and convenient mode of transportation for commuters. It aims to benefit smaller towns and semi-urban areas by offering an affordable and efficient travel option.
Britannia Industries' share price fell by 5% after reporting Q4FY26 earnings, but brokerages Nuvama and Nomura have maintained their 'Buy' ratings on the FMCG stock. Nuvama believes long-term growth drivers remain intact, though margins and growth momentum have slowed. Nomura also retains a positive stance, despite the latest quarterly performance coming below expectations.
Despite the ongoing Iran war and disruption in global oil supplies, the US job market has managed to sustain itself. The April hiring and unemployment report from the US Labor Department is expected to show a slowdown in job growth, with only 65,000 new jobs added. Economists predict a possible increase of 62,000 jobs, marking a significant decrease from March's strong 178,000.
The Tata Sons board meeting has been delayed to May 16 with no explanation. The listing of Tata Sons is a top concern after the RBI labeled it as a shadow bank and increased supervision. There is a dispute among trustees, with Noel Tata against the listing while Venu Srinivasan and Vijay Singh support it. Ex-trustee Mehli Mistry stands by his decision to vote against Srinivasan and Singh.