Iowa City Police have released a photo of five individuals, including three University of Iowa students, who are "persons of interest" in a shooting near the university. One victim is critical and four are stable. The university has released a statement and is working closely with the police. The investigation is ongoing and public assistance is needed to identify the individuals.
The recent increase in petrol and diesel prices by ₹3 per litre was due to higher crude oil prices and losses faced by state-run oil companies. CNG prices also rose by ₹2 per kg. Economists predict a 12-20 basis point impact on retail inflation. Despite the hike, state-run fuel retailers continue to suffer losses of ₹1,000 crore daily.
Navi Mumbai International Airport (NMIA) is quickly becoming Mumbai's second major airport, serving over 150 flights and 1 million passengers daily. However, the airport's next hurdle is providing reliable travel time for commuters from all areas of the city. While the Mumbai Trans Harbour Link has improved access from the south, the western suburbs still face lengthy and uncertain journeys.
The government is procuring onions from farmers to stabilize prices, as they have dropped significantly. A target of 0.1 million tonnes has been set for this fiscal year due to increased production and export challenges. Export incentives should be provided to boost shipments, as current prices only cover production costs.
Presumptive taxation allows professionals on contractual assignments to pay taxes on 50% of their gross professional receipts without detailed bookkeeping. However, those with high business expenses may choose regular taxation. Investing in a spouse's name may not save taxes if the funds come from the other spouse's income.
PM Modi urges people to save India's foreign exchange reserves by avoiding buying gold for a year. Consider exchanging old jewellery for redesigned ornaments, but be aware of potential capital gains tax. All jewellery sales must be disclosed in income tax return, and inherited gold may adopt fair market value for capital gains. Recycled deductions include wastage and non-gold materials.
Equity-based rewards are a common part of pay structures, but can be complex for employees with careers spanning multiple jurisdictions. Tax is triggered in India for Indian employees receiving RSUs from foreign parent companies, and the host country may also tax the income. Changes in residential status can further complicate matters.
Credit card users can now enjoy airport lounge access as a premium benefit, but they must meet minimum spend thresholds of Rs 50,000 to Rs 75,000 per quarter for mid-range cards. Instead of focusing on meeting these thresholds, customers should prioritize the core value of each card.
Mutual fund houses responded to the ceasefire announcement in April by increasing their cash holdings, with 28 fund houses adding Rs 14,540.63 crore. However, 20 fund houses reduced their cash levels, with ICICI Prudential Mutual Fund leading the way by increasing its cash holdings by Rs 5,557 crore. The industry's overall cash holding rose from 2.55% to 2.57%.
DMRC has launched a shuttle bus service in partnership with two ministries to improve last-mile connectivity in the Central Vista area. The service will operate during peak office hours on working days, with affordable fares and modern safety features. It aims to connect key government offices and landmarks, providing multiple payment options for commuters.
The AIFF is facing financial difficulties in Indian football and plans to charge ISL clubs a license fee of Rs 3 crore if they choose to work with Genius Sports for the next 20 years. An alternative option with FanCode is available, but the AIFF is hesitant due to the guaranteed fees from Genius Sports. This decision is a result of the AIFF's loss of income.
Benchmark equity indices fell by up to 2.70% due to geopolitical tensions, rising oil prices, and a strong dollar. The Indian rupee hit a record low against the US dollar. This led to a massive wealth erosion of Rs 12.9 lakh crore and foreign investors were also affected.
The CBI has arrested PV Kulkarni, the main suspect in the NEET-UG paper leak, for organizing special coaching classes and dictating the leaked material. Seven others have been arrested and a re-examination for NEET UG 2026 has been scheduled for June 21, 2026. The CBI is dedicated to uncovering the truth and ensuring fairness in the examination process.
The Indian rupee has hit a record low of 96 against the US dollar due to rising oil prices and a strong dollar. This is a 5.5% decrease since the start of the West Asia crisis. Oil prices have reached $109 per barrel, further weakening the rupee. The government and RBI are expected to take action, such as reducing taxes for foreign investors, to support the currency.
India's exports in April reached a record high of $43.5 billion, with a 13.7% growth. The trade deficit decreased to $28.3 billion, the lowest in three months. While exports to West Asia declined due to war, there was good growth in countries like Singapore, Hong Kong, and Malaysia. Higher global petroleum prices also played a role.
Punjab Kings' Arshdeep Singh is facing backlash for two social media incidents, one involving mocking a player's skin color. Fans and cricketers have condemned the underlying colorism and racism, with former player Laxman Sivaramakrishnan demanding accountability. Arshdeep's further social media activity has worsened the situation, raising concerns about his actions.
Akshay Kumar and Priyadarshan's horror-comedy Bhooth Bangla has been a box office success, grossing Rs 246.60 crore worldwide in just four weeks. It had a strong opening, earning Rs 84.4 crore net in its first week and adding Rs 43.75 crore net in its second week. The film has also been a success overseas, with the UAE alone contributing approximately $1.07 million.
Economists foresee a 15 basis point increase in retail inflation due to the recent Rs 3/litre hike in petrol and diesel prices. More price hikes are expected in the future due to oil companies' losses and high crude prices, leading to an average inflation of 5% in FY27.
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.
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.