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Trump casts doubt on Iran deal saying he is unhappy with latest proposal

Trump casts doubt on Iran deal saying he is unhappy with latest proposal

US President Donald Trump said he is not sure the US can reach a deal with Iran, citing dissatisfaction with Iran’s latest proposal. Negotiations are currently taking place by phone, heightening uncertainty as talks move forward. With positions still shifting, the outcome remains unclear and the situation stays fluid.

Summarised by Beize from a story on The Economic Times on 6 May 2026
Sensex Drops 0 62 Nifty Falls 0 75 as US Iran Peace Talks Stall

Sensex Drops 0 62 Nifty Falls 0 75 as US Iran Peace Talks Stall

Indian benchmarks opened lower on Thursday, April 30, with the Sensex down 0.62% and the Nifty 50 slipping 0.75% to 23,996.95. The move followed US President Donald Trump rejecting Tehran’s peace plan, sending mixed signals across global markets and weighing on investor sentiment in India.

Summarised by Beize from a story on Republic on 6 May 2026

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BigEndian bags $6 million to commercialise its first surveillance SoC sample by month end

BigEndian bags $6 million to commercialise its first surveillance SoC sample by month end

Fabless semiconductor startup BigEndian Semiconductors raised $6 million in a pre-Series A round led by IAN Alpha Fund, with participation from Vertex Ventures and others. The fresh capital will go toward commercialising its first system-on-chip for surveillance equipment, scaling engineering and strengthening foundry partnerships. The sample chipset is expected by month-end, followed by regulatory approvals for testing ahead of market availability later this fiscal year.

Summarised by Beize from a story on Inc42 on 6 May 2026
India boosts UK trade talks under CETA and explores local currency settlement with Tanzania

India boosts UK trade talks under CETA and explores local currency settlement with Tanzania

India is deepening trade and investment ties with the UK by focusing on how to maximize gains under the Comprehensive Economic and Trade Agreement. In parallel, India and Tanzania are exploring trade settlement in local currencies, aiming to make cross-border commerce easier and expand bilateral economic cooperation. Both sides also discussed collaboration in areas like mining and digital services.

Summarised by Beize from a story on The Economic Times on 6 May 2026
GameStop eyes a bid for eBay in a move CEO calls possibly totally foolish

GameStop eyes a bid for eBay in a move CEO calls possibly totally foolish

Ryan Cohen’s GameStop, backed by a roughly $12 billion valuation, is exploring a bid to buy eBay, an online auction giant about four times its size. The company’s CEO acknowledged the plan may be “totally, totally foolish,” underscoring the high-stakes nature of a meme-stock driven push into e-commerce consolidation.

Summarised by Beize from a story on Entrepreneur on 6 May 2026
Trump Praises Iran Port Blockade as Genius as Military Threats Escalate

Trump Praises Iran Port Blockade as Genius as Military Threats Escalate

In a tense US-Iran update, President Trump claims the blockade on Iranian ports is succeeding and urges Tehran to “just give up.” Iran’s military warns of “unprecedented action” if the blockade persists, while asserting restraint is aimed at enabling diplomacy. The live updates also note Trump considering a possible reduction of US troops in Germany, adding further pressure on Western posture.

Summarised by Beize from a story on Republic on 6 May 2026

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Bumble paid users drop 21 percent as CEO calls the decline deliberate ahead of major overhaul

Bumble paid users drop 21 percent as CEO calls the decline deliberate ahead of major overhaul

Bumble says its paid user base fell 21% year over year, a sign that subscriptions are weakening even as the company prepares a planned overhaul later this year. CEO Whitney Wolfe Herd framed the shift as “deliberate,” suggesting Bumble is changing how it attracts or retains paying members before the next product phase rolls out.

Summarised by Beize from a story on TechCrunch on 6 May 2026
Altara wins 7M to unify siloed science data and speed up R and D

Altara wins 7M to unify siloed science data and speed up R and D

Altara has raised $7M to tackle a stubborn bottleneck in physical sciences: fragmented data trapped in spreadsheets and legacy systems. Its AI platform is designed to unify these sources and diagnose failures, helping teams accelerate experiments and R and D cycles. The goal is faster learning by making scientific workflows more data connected and actionable.

Summarised by Beize from a story on TechCrunch on 6 May 2026
Jio BlackRock flips strategy to reach mutual fund investors again

Jio BlackRock flips strategy to reach mutual fund investors again

Jio BlackRock initially leaned on direct selling when it launched, bypassing traditional distributors that dominate Indian mutual fund sales. About a year later, it’s expanding to sell through regular channels too. The shift suggests the fund house is recalibrating how it scales distribution and access to investor demand, balancing control with reach.

Summarised by Beize from a story on The Economic Times on 6 May 2026
Lucid Motors drops yearly EV targets amid surging inventory and sweeping cost cuts

Lucid Motors drops yearly EV targets amid surging inventory and sweeping cost cuts

Lucid Motors has pulled its guidance for the year, citing a buildup of inventory and the impact of a companywide cost-cutting effort. The move signals uncertainty in how many EVs the automaker can realistically produce and sell in the near term, as it works to regain control of inventory levels and spending.

Summarised by Beize from a story on TechCrunch on 6 May 2026

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TVK credits Tamil Nadu voters for beating money politics after winning 108 seats

TVK credits Tamil Nadu voters for beating money politics after winning 108 seats

Tamilaga Vettri Kazhagam (TVK) has emerged as Tamil Nadu’s single largest party, winning 108 seats in the state assembly elections. The party hailed the result as a turning point, claiming voters rejected “money politics.” TVK is also signaling efforts to build a coalition, exploring ties with Congress to close the gap to forming a majority government.

Summarised by Beize from a story on Republic on 5 May 2026
Carrollton mall shooting kills 2 and wounds 3 as police call it targeted business dispute

Carrollton mall shooting kills 2 and wounds 3 as police call it targeted business dispute

A shooting at K Towne Plaza in Carrollton, north of Dallas, killed two people and injured three on Tuesday. Police said the attack was not random but tied to a targeted business dispute. The suspect was arrested after a foot chase, with FBI assistance, as investigators worked to piece together motives and details of the incident.

Summarised by Beize from a story on Republic on 5 May 2026
Iran denies UAE attacks as US launches maritime Operation Freedom and tensions flare in Hormuz

Iran denies UAE attacks as US launches maritime Operation Freedom and tensions flare in Hormuz

Iran has denied carrying out missile or drone attacks on the UAE, even as the US promotes its maritime security push in the Strait of Hormuz under “Operation Freedom.” With analysts warning of escalating Gulf tensions, shipping disruption, and potential oil-market fallout, the explainer unpacks competing claims, naval activity, and the role of “Project Freedom” in the unfolding crisis.

Summarised by Beize from a story on The Economic Times on 5 May 2026
US growth rides two tailwinds AI boom and consumer spending but Bank of America flags Iran war risk

US growth rides two tailwinds AI boom and consumer spending but Bank of America flags Iran war risk

Bank of America says the US economy currently has “two tailwinds” consumer spending and an AI investment surge, but only one “risk.” A conflict involving Iran could disrupt energy supplies and push inflation higher, threatening the conditions that power both household demand and costly AI expansion in the months ahead.

Summarised by Beize from a story on The Economic Times on 5 May 2026

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NIA Files Chargesheet Over ISIS Bioterror Plan Built Around Secret Ricin Lab

NIA Files Chargesheet Over ISIS Bioterror Plan Built Around Secret Ricin Lab

The NIA has chargesheeted three ISIS-linked suspects after a cross-state investigation into an alleged bioterror mass poisoning plot. Authorities say one accused, a Hyderabad doctor, created a secret lab to produce lethal ricin, aiming to harm unsuspecting members of the public. The case highlights a sophisticated biological terror conspiracy tied to ISIS cells.

Summarised by Beize from a story on Republic on 5 May 2026
As Crypto Cools a16z Raises 2.2B Fund While Others Pivot to AI

As Crypto Cools a16z Raises 2.2B Fund While Others Pivot to AI

As crypto sentiment cools, a16z crypto has reportedly raised a massive $2.2 billion fund. While other major firms increasingly look to back AI startups, the new fund signals a16z’s decision to stay focused on crypto rather than chase the latest tech wave. The move highlights how VCs are balancing risk and conviction in a shifting market.

Summarised by Beize from a story on TechCrunch on 5 May 2026
Delhi High Court appoints amici curiae after AAP leaders boycott excise case hearing

Delhi High Court appoints amici curiae after AAP leaders boycott excise case hearing

The Delhi High Court will appoint three senior advocates as amici curiae in the Delhi excise policy case after Arvind Kejriwal and two other AAP leaders boycotted proceedings. The court plans to hear CBI arguments once the amicus is appointed on Friday. The case challenges the discharge of Kejriwal and others, setting up a fresh legal hearing momentum.

Summarised by Beize from a story on The Economic Times on 5 May 2026
PlayStation users may claim $7.85 million settlement cash or wallet credits after store card shakeup

PlayStation users may claim $7.85 million settlement cash or wallet credits after store card shakeup

A US court has given initial approval to a $7.85 million settlement tied to Sony PlayStation’s decision to stop selling digital game download cards via outside stores. Eligible gamers may receive cash or wallet credits, with compensation depending on specific qualifying conditions. The article also outlines who can claim and what you might receive as the case moves closer to final approval.

Summarised by Beize from a story on The Economic Times on 5 May 2026

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India tells US SEBI MCA forced labour rules are soft and voluntary in standoff

India tells US SEBI MCA forced labour rules are soft and voluntary in standoff

India has told the US that identifying forced labour in other countries is inherently challenging, and that its own SEBI and MCA norms operate in a soft, voluntary manner. New Delhi says frameworks like BRSR and NGRBC are not mandatory prescriptions, while it contests the basis of the US investigation and points to its role in multilateral efforts.

Summarised by Beize from a story on The Economic Times on 5 May 2026
FDI fast track expands to 40 sub sectors as new border ownership reporting rules kick in

FDI fast track expands to 40 sub sectors as new border ownership reporting rules kick in

India’s FDI fast track has been updated with a new SOP covering 40 sub-sectors, including strategic areas like rare earths and PCB-linked activities. The government is also issuing reporting guidelines for investments in India where the investor has direct or indirect ownership connections to citizens or entities from countries sharing a land border with India.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Mahindra AI plan targets Rs 4100 crore revenue by FY27

Mahindra AI plan targets Rs 4100 crore revenue by FY27

Mahindra Group is rolling out AI across its business to lift profits and reshape operations. The automaker expects AI to generate over Rs 4,100 crore revenue in its automotive segment by FY27, alongside a 2–3 percentage point boost in customer satisfaction. Mahindra Finance plans to disburse Rs 10,000 crore using AI-driven customer acquisition, with AI also assisting loan collections.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Bangladesh sends 12 senior officials to Pakistan for training in historic first in decades

Bangladesh sends 12 senior officials to Pakistan for training in historic first in decades

Twelve senior Bangladeshi officials are currently in Pakistan for a fully Pakistan-funded training programme, marking the first structured bureaucratic exchange since the early 1970s. The course is designed for comparative learning of administrative systems and reflects rising engagement between the neighboring countries after Sheikh Hasina’s ouster.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Vande Mataram gets anthem level protection as disruption could land jail under new bill

Vande Mataram gets anthem level protection as disruption could land jail under new bill

The Union Cabinet has approved a proposal to bring Vande Mataram under the Prevention of Insults to National Honour Act, 1971, placing it on par with Jana Gana Mana. An amendment bill will be introduced in Parliament, and disrupting the rendition could become a punishable offence. Penalties could include imprisonment of up to three years.

Summarised by Beize from a story on The Economic Times on 5 May 2026
India ramps up drug regulator overhaul with recruitment of 1500 scientists and tech specialists

India ramps up drug regulator overhaul with recruitment of 1500 scientists and tech specialists

India’s drug regulator is starting a major overhaul by planning to recruit more than 1,500 scientists and technology specialists. The move is designed to streamline drug approval processes and bring them closer to international benchmarks. Officials say the expanded expertise will strengthen pharmaceutical governance and help the regulator work faster and more consistently as the sector evolves.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Modi condemns UAE attack on oil facilities injuring three Indians urges dialogue and diplomacy

Modi condemns UAE attack on oil facilities injuring three Indians urges dialogue and diplomacy

Prime Minister Narendra Modi condemned an attack on the Fujairah Petroleum Industries Zone in the UAE, calling it unacceptable. The incident left three Indian nationals injured. Modi said India stands in solidarity with the UAE and reiterated support for a peaceful resolution through dialogue and diplomacy, urging de-escalation and accountability.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Apple iOS 27 could let users choose AI models for tasks in new operating updates

Apple iOS 27 could let users choose AI models for tasks in new operating updates

Apple’s upcoming iOS 27 updates reportedly aim to give users direct control over which third party AI models power everyday tasks. Instead of relying on a single default assistant, the system may allow model switching across functions, potentially reshaping how apps and AI capabilities work together inside Apple’s walled ecosystem.

Summarised by Beize from a story on TechCrunch on 5 May 2026
INDIA bloc rattled by defeat streak as BJP poaching fears surge inside opposition ranks

INDIA bloc rattled by defeat streak as BJP poaching fears surge inside opposition ranks

With the INDIA bloc facing fresh electoral setbacks and internal rifts, opposition parties are tightening their guard against defections and realignments. Morale is reportedly strained as leaders weigh the BJP’s rising momentum and perceived “expansionist” push, while NDA allies signal unwavering backing. The result: growing dismay and deeper division within opposition ranks.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Gas prices fall as weaker demand and LNG flows bite Waha Hub rates ahead

Gas prices fall as weaker demand and LNG flows bite Waha Hub rates ahead

US natural gas futures are slipping as demand forecasts soften and LNG export flows ease. Waha Hub prices remain negative, pressured by pipeline limits in the Permian Basin. Producers have cut output amid low spot prices, while storage is still above normal but narrowing. The next moves hinge on weather expectations and ongoing LNG maintenance.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Trump renews attacks on Pope Leo sparking Vatican tensions and threatening Rubio’s visit

Trump renews attacks on Pope Leo sparking Vatican tensions and threatening Rubio’s visit

President Donald Trump has again assailed Pope Leo XIV, alleging the pontiff helps Iran and endangers people through his stance on immigrants. The Pope rejects the charges, saying his message follows church teachings on peace and opposition to nuclear weapons. The growing controversy could complicate US Secretary of State Marco Rubio’s Vatican visit, while Italian leaders have criticized Trump’s remarks.

Summarised by Beize from a story on The Economic Times on 5 May 2026
S&P 500 and Nasdaq hit fresh records as AI chip stocks surge again

S&P 500 and Nasdaq hit fresh records as AI chip stocks surge again

The S&P 500 and Nasdaq climbed to fresh record highs as AI-linked chip names, including Intel, rallied alongside encouraging quarterly results. With a U.S.-Iran ceasefire holding, investors also saw geopolitical tension cool off. Market optimism was reinforced by forecasts pointing to strong year-over-year earnings growth across S&P 500 companies.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Sabalenka warns of French Open boycott unless prize money dispute is settled

Sabalenka warns of French Open boycott unless prize money dispute is settled

Aryna Sabalenka and Coco Gauff say tennis players could boycott the French Open if their prize money demands are not met. While Roland Garros has raised payouts, players argue it still falls behind other Grand Slams and they deserve a bigger cut of revenue. Negotiations are ongoing as the threat puts the tournament at risk.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Foreign firms watch Tamil Nadu as TVK moves to form govt fearing labor and policy swings

Foreign firms watch Tamil Nadu as TVK moves to form govt fearing labor and policy swings

Foreign companies from Japan, South Korea, and Taiwan are closely tracking developments in Tamil Nadu as a new government is set to be formed. While established firms are relatively steady, newer entrants are more cautious, prioritizing stable labour conditions and predictable policy. They are also looking for renewed incentives to strengthen electronics manufacturing and unlock fresh investment.

Summarised by Beize from a story on The Economic Times on 5 May 2026
CDSCO to reject drug applications with unanswered queries within 30 days from May 4

CDSCO to reject drug applications with unanswered queries within 30 days from May 4

The Central Drugs Standard Control Organisation has warned that drug applications with unanswered queries will be rejected if applicants do not respond within 30 days. In a public notice dated May 4, CDSCO said several applications have remained pending at the applicant’s end since 2016, signalling stricter timelines for regulatory processing.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Sugarcane FRP jumps to Rs 365 per quintal for 2026 27 season

Sugarcane FRP jumps to Rs 365 per quintal for 2026 27 season

The government has raised the sugarcane Fair and Remunerative Price (FRP) to Rs 365 per quintal for the 2026–27 season. The new payment structure links farmers earnings to sugar recovery levels: a premium of Rs 3.56 per quintal is added for every 0.1% increase above the defined recovery threshold, while lower recovery reduces payouts accordingly.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Social media hype wont win Assam polls Himanta Biswa Sarma fires back at Congress

Social media hype wont win Assam polls Himanta Biswa Sarma fires back at Congress

Assam Chief Minister Himanta Biswa Sarma said social media popularity cannot translate into election victories, taking a jab at Congresss campaign approach and its poor performance. He further hinted that Prime Minister Narendra Modi may attend the BJP oath-taking ceremony, with the date to be finalized according to Modi’s availability.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Iran Foreign Minister Abbas Araghchi heads to China for first talks since wartime fallout

Iran Foreign Minister Abbas Araghchi heads to China for first talks since wartime fallout

Iran’s Foreign Ministry says Abbas Araghchi is heading to China for his first visit since the war, meeting Chinese counterpart Wang Yi. Iran hasn’t disclosed how long he will stay, but says the agenda will cover regional and international developments. The trip underscores how Tehran is recalibrating ties with Beijing as geopolitical pressures shift.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Finance Ministry points to credit surge as proof of economic strength in FY26

Finance Ministry points to credit surge as proof of economic strength in FY26

The Finance Ministry says FY26 credit trends reflect economic strength, highlighting non-food credit growth rising to 15.9% from 10.9% a year earlier. Total credit outstanding climbed to ₹212.9 lakh crore by March 2026, increasing by ₹29.2 lakh crore compared with the previous year’s level, underscoring a faster pace of borrowing and lending.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Two Indian journalists win Pulitzer Prize for exposing digital arrest cyber fraud

Two Indian journalists win Pulitzer Prize for exposing digital arrest cyber fraud

Anand RK and Suparna Sharma have won the Pulitzer Prize for their reporting in “trAPPed,” which documents how digital surveillance and cyber fraud can escalate into “digital arrest.” Their story centers on a neurologist’s experience of being targeted through online systems and manipulated records, underscoring how scam tactics and monitoring practices are becoming global threats.

Summarised by Beize from a story on The Economic Times on 5 May 2026
ASML CEO Christophe Fouquet says no rivals are coming for the company

ASML CEO Christophe Fouquet says no rivals are coming for the company

ASML CEO Christophe Fouquet, in a relaxed sit-down ahead of the Milken Institute Global Conference, dismisses the idea that competitors are poised to overtake the chipmaking equipment giant. Having led ASML since 2024 after more than a decade with the company, Fouquet suggests the company’s position is more defensible than rivals may assume, even as competitive pressure builds.

Summarised by Beize from a story on TechCrunch on 5 May 2026
FCC commissioner demands strict review of foreign stakes in Paramount Warner Bros merger deal

FCC commissioner demands strict review of foreign stakes in Paramount Warner Bros merger deal

FCC Commissioner Anna Gomez, the lone Democratic member, is urging a rigorous national security review of foreign ownership tied to the proposed Paramount–Warner Bros. Discovery merger. She points to investments linked to Saudi Arabia, Qatar, and Abu Dhabi, arguing the FCC must scrutinize who controls key interests before approving the deal.

Summarised by Beize from a story on The Economic Times on 5 May 2026
US Iran ceasefire faces fresh strain as Project Freedom moves ships through Hormuz

US Iran ceasefire faces fresh strain as Project Freedom moves ships through Hormuz

An uneasy calm follows the US-Iran ceasefire, but tensions have flared again in West Asia. The latest violence followed President Donald Trump’s “Project Freedom,” framed as humanitarian navigation help for neutral ships stuck near the Strait of Hormuz. Despite US assistance and two warships entering the Gulf, merchant vessels still faced threats, raising doubts about the truce’s durability.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Volkswagen becomes Rivian’s top shareholder displacing Amazon as its stake keeps climbing

Volkswagen becomes Rivian’s top shareholder displacing Amazon as its stake keeps climbing

Volkswagen Group has overtaken Amazon to become Rivian’s top shareholder, with its influence set to keep growing. The shift is tied to a $5.8 billion joint venture, under which VW’s stake will continue expanding. The change signals a major reshuffle among Rivian’s key backers and could reshape expectations for the EV maker’s next phase.

Summarised by Beize from a story on TechCrunch on 5 May 2026
Elon Musk sought OpenAI control to fund an 80 billion Mars city plan

Elon Musk sought OpenAI control to fund an 80 billion Mars city plan

In trial testimony, Elon Musk’s pursuit of OpenAI is tied to a far-reaching Mars colonisation ambition. The court heard Musk wanted complete control of OpenAI and looked to raise roughly $80 billion to build a Martian city. With the lawsuit under way, the case could influence how AI companies are governed, while OpenAI signals major computing investments.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Julius Baer appoints Kunal Sumaya interim India head as Umang Papneja exits after four years

Julius Baer appoints Kunal Sumaya interim India head as Umang Papneja exits after four years

Julius Baer has named Kunal Sumaya as interim country head for India, stepping in as Umang Papneja prepares to depart after four years. Papneja will remain with the firm until July. With India seen as a key growth market, Sumaya, who has 17 years with Julius Baer, will focus on expanding onshore business and serving the global Indian client base.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Bharti Airtel explores 5G network slicing to sell premium voice and data plans

Bharti Airtel explores 5G network slicing to sell premium voice and data plans

Bharti Airtel is exploring 5G network slicing, a setup that creates virtual networks tailored to specific needs. The telecom operator wants to monetize its 5G infrastructure by enabling premium voice and data plans, potentially covering both retail and enterprise customers. The initiative comes after Reliance Jio’s push into enterprise use-case offerings, signaling a new battleground in 5G monetization.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Larsen and Toubro Q4 profit slips 3% despite record orders and FY26 revenue

Larsen and Toubro Q4 profit slips 3% despite record orders and FY26 revenue

Larsen & Toubro’s Q4 net profit dipped about 3% to ₹5,326 crore even as the company logged record order inflows and strong revenue for FY26. L&T says its growth push and portfolio restructuring are underway, but geopolitical tensions in West Asia could weigh on business ahead.

Summarised by Beize from a story on The Economic Times on 5 May 2026
PM Economic Advisory Council urges funding and pay reforms to formalise India care economy

PM Economic Advisory Council urges funding and pay reforms to formalise India care economy

A working paper from the Prime Minister’s Economic Advisory Council argues that India must treat childcare and eldercare as core economic infrastructure. It proposes a dedicated funding mechanism, better pay and conditions for care workers, and policy changes to shift care from a private responsibility to a formal sector. The report forecasts demand for care workers will exceed 30 million by 2050.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Mamata Banerjee refuses to resign calling Bengal verdict a conspiracy BJP fires back hard

Mamata Banerjee refuses to resign calling Bengal verdict a conspiracy BJP fires back hard

West Bengal Chief Minister Mamata Banerjee said she will not resign after the election results, alleging a conspiracy behind the outcome. She accused the Election Commission of India and the BJP of manipulating the results and claimed her party’s seats were “looted.” BJP leaders responded sharply, saying her remarks have made her a “laughing stock.”

Summarised by Beize from a story on The Economic Times on 5 May 2026
Mamata Banerjee refuses to quit after West Bengal loss and hints at conspiracy

Mamata Banerjee refuses to quit after West Bengal loss and hints at conspiracy

After her party’s defeat in West Bengal, Mamata Banerjee dismissed demands for her resignation, arguing the results don’t represent voters’ true will. She framed the loss through a wider conspiracy lens and drew a comparison to Donald Trump’s post-election allegations, intensifying her message of perceived injustice.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Banks Are Quietly Exiting Small Ticket Durable Loans to NBFCs

Banks Are Quietly Exiting Small Ticket Durable Loans to NBFCs

Bank lending for consumer durables like washing machines and televisions is shrinking, while credit cards are increasingly used for these smaller purchases. The space is being filled by non-banking finance companies that can profit from low-ticket ticket sizes. Consumer durable loans remain a tiny share of total bank lending, and the shift toward cards and NBFCs is likely to keep growing.

Summarised by Beize from a story on The Economic Times on 5 May 2026
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