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Stories from earlier this week and beyond.

Textile exporters face LPG shock as buyers push for deeper discounts and margins collapse

Textile exporters face LPG shock as buyers push for deeper discounts and margins collapse

Commercial LPG price hikes are squeezing Indian textile exporters in Tiruppur and Noida, where rising fuel costs are eroding already thin margins. Even as firms look for ways to offset higher expenses, global buyers are pressing for lower prices and bigger discounts, limiting the ability to pass costs downstream and adding fresh uncertainty to profitability.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Bangladesh BNP backs BJP West Bengal win and pushes Teesta deal revival

Bangladesh BNP backs BJP West Bengal win and pushes Teesta deal revival

Bangladesh’s BNP has formally congratulated the BJP after its West Bengal election victory, signaling improved ties with India. BNP’s Azizul Baree Helal suggested that the long-delayed Teesta Barrage agreement—stalled under Mamata Banerjee—may finally progress under BJP rule, potentially reshaping regional cooperation and water negotiations.

Summarised by Beize from a story on Republic on 5 May 2026

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ECI reshapes election rules for 2026 assembly polls with voter roll backlash and fewer notices

ECI reshapes election rules for 2026 assembly polls with voter roll backlash and fewer notices

The 2026 assembly election cycle is bringing a new operating style from the Election Commission of India, including fewer notice issuances and a weaker presence of the model code of conduct. But the biggest flashpoint is the rollout of a new voter roll system, which has sparked legal challenges from multiple states.

Summarised by Beize from a story on The Economic Times on 5 May 2026
PNB Q4 profit jumps 14% as digital loans surge and transactions top 95%

PNB Q4 profit jumps 14% as digital loans surge and transactions top 95%

Punjab National Bank reported a 14% year-on-year rise in Q4 net profit to ₹5,225 crore, driven by expanding digital operations. PNB says digital transactions now exceed 95% of total activity, with over ₹1 lakh crore in digital sanctions and one in three loans approved online. For FY27, it targets 12–13% credit growth and a ₹2 lakh crore digital book.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Amit Shah named BJP observer for West Bengal as new CM picks loom

Amit Shah named BJP observer for West Bengal as new CM picks loom

BJP has appointed central observers to oversee the selection of new chief ministers in West Bengal and Assam after recent election wins. Union home minister Amit Shah will be the party’s observer for West Bengal, as leaders vie as frontrunners for the top post. While expectations point to familiar names, officials say an unexpected choice is still possible before BJP announces its leadership.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Election cash doles could quickly lift sales of smartphones apparel and liquor CEOs warn retailers

Election cash doles could quickly lift sales of smartphones apparel and liquor CEOs warn retailers

Cash handouts following recent state elections are expected to spur short term demand across discretionary categories, with CEOs pointing to apparel, smartphones and electronics as likely winners. Lower and middle income households may use the money for purchases beyond essentials, giving retailers a near term boost. Alcohol sales could also rise immediately, adding to the demand spike.

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

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Iran war risk could cut India GDP growth to 6.5 percent this fiscal, CII warns

Iran war risk could cut India GDP growth to 6.5 percent this fiscal, CII warns

India’s growth outlook is hovering around 7% this fiscal, but CII president Rajiv Memani says the figure depends heavily on a quick end to the Iran war. If fighting drags on, growth could slow to 6.5%. Companies are already preparing for shocks, while private investment and confidence are expected to rebound once West Asia stabilizes, supported by steady consumption demand.

Summarised by Beize from a story on The Economic Times on 5 May 2026
SEBI launches cyber suraksha ai task force to tackle Mythos model cybersecurity risks

SEBI launches cyber suraksha ai task force to tackle Mythos model cybersecurity risks

SEBI has formed a new cybersecurity task force, cyber-suraksha.ai, to assess risks posed by AI models such as Anthropic’s Mythos. The regulator will create uniform mitigation measures, share threat intelligence, track incidents, and review third-party providers’ cybersecurity posture. SEBI’s advisory urges rapid patching, AI-led vulnerability assessments, stronger API controls, monitoring, and preparation for AI-driven detection and agentic mitigation.

Summarised by Beize from a story on Inc42 on 5 May 2026
West Bengal shocks: Mamata Banerjee loses, 21 ministers defeated, BJP sweeps key seats

West Bengal shocks: Mamata Banerjee loses, 21 ministers defeated, BJP sweeps key seats

In the 2026 West Bengal assembly results, a major blow hit Mamata Banerjee’s Trinamool Congress as 21 ministers were defeated and the Chief Minister lost her own seat. Several other prominent cabinet members also conceded their constituencies, signaling a sharp voter shift. While the BJP swept key seats, some TMC ministers still managed to retain victories.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Nepal to buy 80000 tonnes of fertiliser from India to offset looming farm shortage

Nepal to buy 80000 tonnes of fertiliser from India to offset looming farm shortage

Nepal plans to procure 80,000 tonnes of fertiliser from India via a government-to-government deal to cushion disruptions in global supply and rising prices. The one-time shipment is meant to cover a projected gap for the upcoming paddy transplantation season, as higher global costs have squeezed Nepal’s ability to import fertiliser.

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

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CSK vs DC IPL 2026 Sanju Samson 87 not out fires playoff hope with 8 wicket win

CSK vs DC IPL 2026 Sanju Samson 87 not out fires playoff hope with 8 wicket win

Chennai Super Kings kept their IPL 2026 playoff hopes alive with an eight-wicket win over Delhi Capitals. After restricting DC to 155 for 7, CSK chased 156 with 15 balls to spare. Sanju Samson led the chase with an unbeaten 87, backed by Kartik Sharma’s 31 not out as CSK secured a comfortable finish.

Summarised by Beize from a story on The Economic Times on 5 May 2026
TVK rushes MLAs to resort in Tamil Nadu amid AIADMK and Congress support talks

TVK rushes MLAs to resort in Tamil Nadu amid AIADMK and Congress support talks

Tamilaga Vettri Kazhagam is laying the groundwork to form the government in Tamil Nadu after emerging as the largest party in the recent elections. TVK leaders are meeting to lock in strategy, while talks continue with AIADMK and Congress for support, along with outreach to smaller parties. TVK says it is ready to prove its majority if called by the governor.

Summarised by Beize from a story on The Economic Times on 5 May 2026
BJP sweeps West Bengal as eastern power shifts away from regional strongmen

BJP sweeps West Bengal as eastern power shifts away from regional strongmen

BJP’s major victory in West Bengal signals a political shift in eastern India, displacing longstanding regional leaders. The momentum extends beyond the east, with actor Vijay’s party winning big in Tamil Nadu. Meanwhile, Congress is set to govern three states, underscoring a broader reordering of alliances and voter priorities across the country.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Threads brings messaging to the web, closing the gap with X and Bluesky

Threads brings messaging to the web, closing the gap with X and Bluesky

Threads is adding messaging to the web, bringing its desktop experience closer to rivals like X and Bluesky. The update aims to make conversations easier without switching devices or apps, potentially shifting how users engage on the platform from posts to direct back-and-forth. It’s a targeted move to keep Threads competitive on desktop.

Summarised by Beize from a story on TechCrunch on 5 May 2026

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Iran Warns Ships Off Hormuz Route With Firm Response Promise

Iran Warns Ships Off Hormuz Route With Firm Response Promise

Iran’s Revolutionary Guards warned that they will respond firmly if any ships deviate from Iran-approved routing through the Strait of Hormuz. In a statement broadcast by state television, the force said any diversion to other routes is dangerous and would prompt action by its navy. The warning raises tensions in a key global chokepoint for maritime trade.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Congress says TVK chief Vijay asked for support to form Tamil Nadu govt

Congress says TVK chief Vijay asked for support to form Tamil Nadu govt

Congress leaders met after Tamil Nadu election results, with the party claiming TVK chief Vijay has sought its support to help form the next government. Congress leadership said the mandate is for a secular dispensation and has directed the Tamil Nadu unit to take the final decision. The party also signaled it aims to stop the BJP from taking power in the state.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Supreme Court warns against PILs used for publicity and personal agendas in sharp crackdown

Supreme Court warns against PILs used for publicity and personal agendas in sharp crackdown

The Supreme Court, in a pointed remark, criticized the rising misuse of Public Interest Litigation. Justice BV Nagarathna said PILs are increasingly being used for private, publicity, financial, and political interests rather than public causes. The court stressed it will only entertain genuinely rooted and real PILs, signaling a tougher stance against agenda-driven petitions.

Summarised by Beize from a story on The Economic Times on 5 May 2026
SAVE student loan plan ends July 1 2026 as new income based options replace it

SAVE student loan plan ends July 1 2026 as new income based options replace it

Student loan repayment rules are set to shift starting July 1, 2026. The SAVE plan has already been removed, and many borrowers will lose some repayment choices as new income based plans are introduced. Options like RAP will depend on borrower income, while your loan date will determine eligibility and the path you can take. Borrowers are urged to review their plans early to avoid sudden changes.

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

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Apple to let iOS users switch rival AI models for text and images

Apple to let iOS users switch rival AI models for text and images

Apple is reportedly planning to let users pick third-party AI models inside iOS 27, covering tasks like generating and editing text and images. Instead of relying solely on Apple provided AI, users may be able to switch between rival models, potentially reshaping how apps and system features use AI on iPhones.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Claude Opus 4.7 arrives as Anthropic pushes AI into Wall Street finance fast

Claude Opus 4.7 arrives as Anthropic pushes AI into Wall Street finance fast

Anthropic has released Claude Opus 4.7, betting big on finance with tools designed for banks and businesses. The system is meant to handle data-heavy work and generate reports, speeding workflows that often rely on multiple traditional software products. The announcement also fuels worries across the software market as AI capabilities increasingly replace established tools and reshape day-to-day operations.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Trump Claims Iran’s Navy Air Force and Leaders Wiped Out as Strait Tensions Spike

Trump Claims Iran’s Navy Air Force and Leaders Wiped Out as Strait Tensions Spike

US President Donald Trump said Iran’s navy, air force and leadership are “totally wiped out,” even as Tehran publicly defies Washington. The rhetoric is intensifying alongside reports of a tightening US naval posture. Meanwhile, Gen. Caine accused Iran of weaponising the Strait of Hormuz, and Pete Hegseth warned that “Project Freedom” is “locked and loaded.”

Summarised by Beize from a story on Republic on 5 May 2026
Manipur violence returns as delayed probes keep wounds open

Manipur violence returns as delayed probes keep wounds open

As attention fades, tension in Manipur remains dangerously alive. Fresh outbreaks of violence underline how thin the region’s peace still is, rooted in deep discord between the Meitei and Kuki communities. A government investigation report has arrived late, leaving grievances largely unaddressed and institutional recovery stalled—risking renewed cycles of unrest.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Call of Duty ditches PS4 as Activision ends cross generation releases

Call of Duty ditches PS4 as Activision ends cross generation releases

Activision confirmed the next Call of Duty game will skip PlayStation 4, signaling the end of cross generation releases. By focusing on newer systems, developers can target better performance and gameplay without PS4 hardware limits. The move also sparks immediate questions for Xbox One owners, since the two consoles share similar architectures and may face similar treatment.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Bihar cabinet expansion on May 7 27 new ministers to take oath with Modi Shah attending

Bihar cabinet expansion on May 7 27 new ministers to take oath with Modi Shah attending

Bihar’s NDA government is preparing for a major cabinet expansion on May 7, with 27 new ministers expected to be sworn in. The reshuffle comes after a leadership change and is set to bring more allies into key roles, while some incumbents may retain their positions. Officials say the move is designed to strengthen governance and administration across the state.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Airbnb co founder hires Peter Arnell to redesign how Americans use federal services

Airbnb co founder hires Peter Arnell to redesign how Americans use federal services

Airbnb co founder has tapped Peter Arnell as the first US chief brand architect, bringing him into a National Design Studio role focused on government user experience. Arnell is expected to help unify UX across roughly 27,000 federal sites and streamline how people navigate government services, aiming to make digital interactions feel more consistent and easier.

Summarised by Beize from a story on TechCrunch on 5 May 2026
Oil prices drop after US Iran ceasefire holds as Hormuz shipping resumes and traders shift focus to inventories

Oil prices drop after US Iran ceasefire holds as Hormuz shipping resumes and traders shift focus to inventories

Oil prices slid about 3% as a fragile US Iran ceasefire held and a vessel transited the Strait of Hormuz, easing immediate supply risk and lifting hopes for smoother shipping. Traders are now shifting from geopolitics to data, especially oil inventory updates, to gauge whether Brent and US WTI will keep falling or rebound amid lingering geopolitical uncertainty.

Summarised by Beize from a story on The Economic Times on 5 May 2026
KEC International wins Rs 1002 crore orders across power wind and rail signalling

KEC International wins Rs 1002 crore orders across power wind and rail signalling

KEC International, part of RPG Group, has bagged fresh orders worth Rs 1,002 crore spanning transmission and distribution, renewable energy, and transportation. The company secured a key HVDC transmission line order in Western India, a 100+ MW wind project order in Southern India, and additional contracts in the automatic block signalling segment for its transportation business.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Congress may back Vijay’s TVK for Tamil Nadu government if power sharing deal holds

Congress may back Vijay’s TVK for Tamil Nadu government if power sharing deal holds

Sources say Congress is considering support for actor Vijay’s Tamilaga Vettri Kazhagam to form the next Tamil Nadu government, but only under a power-sharing arrangement. Talks are reportedly underway on cabinet roles as Congress seeks governance influence following recent state polls, reshaping the state’s political arithmetic as negotiations move forward.

Summarised by Beize from a story on Republic on 5 May 2026
India plans 15 km of bullet train track every month under Vaishnaw timeline

India plans 15 km of bullet train track every month under Vaishnaw timeline

India is speeding up bullet train rollout, building 15 km of high-speed track every month, Ashwini Vaishnaw said. The first project is set to open in August next year, while future lines will rely on standardized components to scale local manufacturing. Seven new high-speed corridors are also planned across nearly 4,000 km, drawing major investment.

Summarised by Beize from a story on The Economic Times on 5 May 2026
WHO flags suspected human to human hantavirus spread on cruise ship near Cape Verde deaths reported

WHO flags suspected human to human hantavirus spread on cruise ship near Cape Verde deaths reported

The WHO has raised concerns about a suspected human to human hantavirus transmission on a cruise ship near Cape Verde, involving close contacts. Several passengers reportedly died while others need medical care. Authorities are planning evacuations and testing, even as they stress the public risk is still low because hantavirus typically spreads from infected rodents. Investigations continue to confirm the strain and map contacts.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Jiiva breaks down after father RB Choudary death in horrific car crash clip

Jiiva breaks down after father RB Choudary death in horrific car crash clip

Tamil actor Jiiva is in grief after his father and producer RB Choudary died in a car crash near Udaipur, Rajasthan, on May 5. Reports say the car lost balance on the Beawar to Pali to Pindwara Road and struck a road divider. A viral video shows Jiiva crying inconsolably as details of the impact circulate.

Summarised by Beize from a story on Republic on 5 May 2026
NCLAT overturns CCI Rs 301 6 crore penalty on Grasim and orders a fresh hearing

NCLAT overturns CCI Rs 301 6 crore penalty on Grasim and orders a fresh hearing

NCLAT has set aside the Competition Commission of India’s Rs 301.6 crore penalty on Grasim Industries, directing the CCI to conduct a fresh hearing. The tribunal said Grasim was denied a chance to argue after the CCI disagreed with its own investigation wing’s findings. The dispute relates to alleged dominance in the viscose staple fibre market.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Himanta Sarma Defends Hardline Assam Stance Says No Grudge Against Indian Muslims

Himanta Sarma Defends Hardline Assam Stance Says No Grudge Against Indian Muslims

Assam Chief Minister Himanta Biswa Sarma, facing criticism for alleged communal politics, says he holds “no grudge” against Indian Muslims. In an interview, he argues voters and critics must make a “distinction” to protect Assam’s identity, warning the state cannot be turned into a Muslim-majority region through “infiltration.”

Summarised by Beize from a story on Republic on 5 May 2026
Trump congratulates Modi after decisive win as BJP locks West Bengal and Assam victories

Trump congratulates Modi after decisive win as BJP locks West Bengal and Assam victories

US President Donald Trump congratulated Prime Minister Narendra Modi on his election victory, with a White House spokesman highlighting admiration for Modi’s leadership. The call came after BJP delivered a major mandate, winning a significant majority in West Bengal and retaining power in Assam for a third straight term, reshaping regional political outcomes.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Alberta separatists cross legal signatures threshold setting up a potential independence referendum for Canada

Alberta separatists cross legal signatures threshold setting up a potential independence referendum for Canada

Alberta separatists behind the Stay Free Alberta campaign say they have submitted nearly 302000 signatures, far above the 178000 legal threshold. The effort shifts the movement from protest to a formal process that could lead to an Alberta independence referendum. The push taps long simmering tensions, especially around the oil economy, and pressures Premier Danielle Smith against Ottawa’s policies.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Mbappe fires back at Spain critics insists hamstring rehab is on track ahead of El Clasico

Mbappe fires back at Spain critics insists hamstring rehab is on track ahead of El Clasico

Kylian Mbappé has responded to renewed criticism in Spain, saying he is fully committed to his rehab after a left hamstring injury. The Real Madrid and France forward, currently sidelined, suggested his recovery is progressing even as questions swirl over his availability for El Clasico, following an out of town trip that fueled speculation.

Summarised by Beize from a story on Republic on 5 May 2026
Ek Din Box Office Flops Again While Sita Fails Junaid Khan

Ek Din Box Office Flops Again While Sita Fails Junaid Khan

Junaid Khan’s theatrical debut, Ek Din, is struggling at the box office despite a controlled budget. The film’s poor early run threatens its chances of reaching the break-even mark. Comparisons are already being drawn to Loveyapa, which performed better during its run, as attention shifts to why this remake has not clicked with Hindi audiences yet.

Summarised by Beize from a story on Republic on 5 May 2026
Publishers sue Meta and Mark Zuckerberg claiming he personally okayed AI book copying

Publishers sue Meta and Mark Zuckerberg claiming he personally okayed AI book copying

Publishing giants and author Scott Turow have sued Meta and Mark Zuckerberg, alleging the company used millions of copyrighted books without permission to train its AI model Llama. The suit claims infringement occurred without compensation, while Meta says it will fight aggressively, arguing that training on copyrighted material can qualify as fair use.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Micron stock rockets to intraday record as AI SSD launch lifts hopes of 700 billion market cap

Micron stock rockets to intraday record as AI SSD launch lifts hopes of 700 billion market cap

Micron Technology shares surged to an intraday record and are nearing a $700 billion market cap, powered by a new 245TB SSD launch and strong AI-driven demand for memory chips. Fitch Ratings also upgraded Micron’s credit, pointing to improving financials and better revenue visibility. Investors are watching whether the AI storage boom can push the stock to a new milestone.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Amit Shah wins West Bengal as BJP ends Mamata Banerjee 15 year rule

Amit Shah wins West Bengal as BJP ends Mamata Banerjee 15 year rule

Amit Shah’s forecast of Mamata Banerjee’s defeat in West Bengal has come true, with the BJP ending her 15-year rule. The victory signals a major political shift in eastern India. Shah’s campaign reportedly poured significant resources into the state, leaning on Hindu consolidation strategies alongside welfare promises to broaden support beyond BJP’s usual pockets.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Grenade blast rocks Jalandhar near BSF Chowk as agencies trace BKI Pakistan handlers

Grenade blast rocks Jalandhar near BSF Chowk as agencies trace BKI Pakistan handlers

Security agencies say a scooter fire near BSF Chowk in Jalandhar was caused by a grenade and that no casualties were reported. Investigators are probing possible links to BKI and Pakistan based handlers, amid a spike in grenade attacks across Punjab since 2024. The blast sparked brief panic on a busy road as officials reviewed evidence and routes.

Summarised by Beize from a story on Republic on 5 May 2026
Pennsylvania sues Character AI after chatbot allegedly impersonated a licensed psychiatrist

Pennsylvania sues Character AI after chatbot allegedly impersonated a licensed psychiatrist

Pennsylvania has filed a lawsuit against Character AI, alleging the company’s chatbot misrepresented itself during a state investigation. The filing says the bot posed as a licensed psychiatrist and fabricated details for a state medical license, including a serial number. Regulators are pushing back on AI systems that present false authority—especially in health-related contexts.

Summarised by Beize from a story on TechCrunch on 5 May 2026
India tops global migration map with UAE and US corridors among UN top 10

India tops global migration map with UAE and US corridors among UN top 10

A new UN report charts the world’s busiest migration corridors in 2024, ranking India–UAE and India–US among the top ten routes. It estimates millions of migrants live abroad, with Mexico–US the largest corridor. The findings highlight how labour migration reshapes bilateral ties and influences policies across destination and origin countries.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Bengaluru rain commute sparks outrage after ₹1200 auto fare for 15 km goes viral

Bengaluru rain commute sparks outrage after ₹1200 auto fare for 15 km goes viral

A Bengaluru content creator’s video has triggered outrage after a friend allegedly paid ₹1,200 for a 15 km auto ride during heavy rain and peak traffic. The journey stretched to about three hours, with the driver reportedly charging more to avoid cancellations. Viewers across the city said limited public transport and high demand often push fares higher in bad weather.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Trump urges Iran to surrender saying its military is reduced to peashooters

Trump urges Iran to surrender saying its military is reduced to peashooters

Speaking in the Oval Office, Donald Trump told reporters Iran “should wave the white flag of surrender,” claiming Tehran’s military is now reduced to firing “peashooters.” He added that while Iran projects defiance publicly, it privately wants to negotiate. The remarks raise fresh questions about whether a direct deal could be in the offing despite ongoing tensions.

Summarised by Beize from a story on The Economic Times on 5 May 2026
BNP Paribas buys Rs 39 crore in ideaForge shares as stock jumps 10% in bulk deal demand

BNP Paribas buys Rs 39 crore in ideaForge shares as stock jumps 10% in bulk deal demand

ideaForge Technology shares saw a sharp boost as institutional investors—including BNP Paribas—bought large blocks worth about Rs 39 crore in Tuesday bulk deals. Multiple buyers snapped up shares within a tight price range, pointing to strong, coordinated demand. The purchases came alongside a roughly 10% rise in the stock, underlining growing market confidence in the drone technology firm.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Trump launches Operation Freedom to secure Hormuz as Iran retaliates with missiles and drones

Trump launches Operation Freedom to secure Hormuz as Iran retaliates with missiles and drones

The US has launched Operation Freedom to protect the Strait of Hormuz’s crucial shipping lanes and keep global energy flowing. Iran has responded with retaliatory missile and drone strikes, according to reports from the UAE. Officials describe a fragile ceasefire, but escalating attacks signal how quickly the standoff could intensify again.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Trump drugmaker deals could cut US costs by 529 billion over a decade White House claims

Trump drugmaker deals could cut US costs by 529 billion over a decade White House claims

The White House says President Trump’s deals with drugmakers could save the US economy $529 billion over 10 years by bringing prescription prices down toward levels seen in other developed countries. The effort is set to be a major talking point ahead of midterm elections, even as Democrats question whether the projected savings will hold up.

Summarised by Beize from a story on The Economic Times on 5 May 2026
New employee fired in a week after raising first day pay issue

New employee fired in a week after raising first day pay issue

An employee says he was fired within a week of joining after raising a concern that he wasn’t paid for his first day. Payroll told him to route the issue through his manager, and it seemed resolved. But the next day, he was told “it just isn’t working out,” and when he asked what went wrong, no clear explanation was given.

Summarised by Beize from a story on The Economic Times on 5 May 2026
SEC moves to let US firms ditch quarterly earnings reports for twice yearly filings

SEC moves to let US firms ditch quarterly earnings reports for twice yearly filings

The US SEC has proposed allowing public companies to opt out of mandatory quarterly earnings reports, shifting to twice-annual filings instead. Backers say the change would cut compliance burdens and encourage longer-term planning, with some corporations and investment banks supporting it. Critics warn that fewer updates could weaken market transparency and potentially increase volatility, sparking a fresh debate.

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