Navy Secretary John Phelan has been removed from his post after months of clashes with senior Pentagon officials and disagreements over the future of the Navy’s shipbuilding plans.
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.
OnEMI Technology Solutions, the parent company of Kissht, had a successful IPO with a premium of 11.11% on the NSE and 11.7% on the BSE. The company raised Rs 925 crore, with Rs 850 crore coming from the issuance of fresh equity shares. The IPO received an overall subscription of 9.96 times, with the QIB segment leading the pack at 26 times.
West Bengal is set to see a rise in welfare scheme spending, including the MGNREGS, as the state resumes the programme after losing Rs 30,000 crore due to the Centre's suspension. With the BJP in power, there is optimism for improved implementation of central schemes like Ayushman Bharat and Jal Jeevan Mission in the state.
Retail inflation in India is expected to rise to a 15-month high of 3.9% in April, driven by increasing prices in food and fuel segments. This would mark the 15th consecutive month that inflation remains below the RBI's target of 4%. Experts predict that food inflation will range from 4.1% to 5.1%, while core inflation is projected to be between 3.3% to 3.6%.
Qualcomm introduces new Snapdragon 4 Gen 5 and Snapdragon 6 Gen 5 mobile platforms for Realme, OPPO, and Xiaomi smartphones in India, offering enhanced performance, power efficiency, and gaming capabilities. The company aims to dominate in AI computing by expanding into data center and robotics industries. With a strong presence in India, Qualcomm sees the country as a crucial market.
Paytm's shares rose by 8% after the company announced its first annual profit since going public, a significant Rs 1215 crore increase year-on-year. The fourth quarter also saw a positive trend with a net profit of Rs 183 crore compared to a loss of Rs 545 crore in the previous year. This turnaround was fueled by four key changes.
India and the European Union are set to enhance their Free Trade Agreement by adding a chapter on investment liberalisation in non-services sectors. The FTA is expected to begin in early 2027 and will benefit the private sector, with 6,000 European companies in India creating numerous employment opportunities. The European approval for the agreement is also anticipated.
The government's food subsidy expenses are projected to rise by Rs 20,000 crore due to higher costs of storing rice and wheat and an increase in minimum support price. The actual expenditure for the free ration scheme may surpass the budget estimate of Rs 2.27 lakh crore. The Food Corporation of India's grain stock is also expected to increase, resulting in a higher economic cost.
The Western Railway will run special AC Superfast trains between Mumbai Central and Vatva on select dates in May and June 2026. This will cater to the increasing passenger demand and provide better connectivity for daily commuters, business travellers, students, and families. The trains will also stop at key stations, allowing for comfortable and early morning travel.
A new Amrit Bharat train has been approved to improve connectivity between Delhi and Gorakhpur, offering a faster, safer, and more comfortable travel option. The train will operate on a weekly basis and stop at key stations along the route, benefiting smaller towns as well. This service is expected to bring economic and social benefits to the region.
Central Railway is taking action against the misuse of the Foreign Tourist Quota, as investigations have uncovered fraudulent bookings by Indian passengers. A probe is underway to determine the involvement of agents and individuals in these bookings. Passengers are advised not to book tickets under quotas they are not entitled to, with strict penalties in place for those caught doing so.
Global oil futures experienced a decline due to the possibility of a US-Iran peace deal, but experts caution that disruptions in crude supplies through the Strait of Hormuz may continue for weeks. The proposed deal includes a halt on Iran's nuclear program and a gradual reopening of the strait, but it could take until July for normal oil flow to resume.
IndiGo becomes launch carrier at Noida International Airport, offering flights to 16 domestic destinations including Bengaluru and Hyderabad. Bookings open for flights starting June 15, highlighting need for multiple airports in major Indian cities to handle growing passenger traffic.
NITI Aayog's national education report reveals a concerning learning crisis among 24.69 crore school students in India, with only a small percentage meeting grade-level expectations. The report recommends changes in teaching methods, testing, and foundational skills to enhance quality and bridge gender gaps.
Vijay's TVK emerged as the largest party in Tamil Nadu's recent elections with 108 seats, but falls short of the majority mark. To ensure a stable government, TVK is exploring coalition options and offering cabinet positions to smaller parties. With smaller parties becoming kingmakers, their support could help TVK secure a comfortable majority.
Bangladeshi cricket star Shakib Al Hasan is struggling financially due to his bank accounts being frozen without evidence after the 2024 student revolution. He wants to return to cricket but is frustrated with the lengthy investigation. As of May 7, 2026, his accounts remain frozen.