Stories from earlier this week and beyond.
India has retained the top spot in the ICC Men’s T20I Team Rankings, following its historic achievement of becoming the first team to keep the ICC Men’s T20 World Cup title. With rankings calculated from matches since May 2025, the update places India at pole position under captain Suryakumar Yadav, underscoring their dominance across the period.
Badruddin Ajmal’s AIUDF has suffered a steep fall in Assam, dropping from a major presence to just two Assembly seats. Analysts point to a broader political realignment, with minority votes largely moving to Congress. The result marks a sharp shift in the state’s electoral map and reduces AIUDF’s influence across key pockets.
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German chemicals major BASF is setting up two global services hubs in Hyderabad, a move expected to create about 3,000 jobs. The hubs will support worldwide operations by managing global finance and human resources functions. BASF says the expansion will deepen its India footprint and help drive innovation and digital transformation across its global business.
The National Testing Agency released the CUET UG 2026 admit card on May 5, available for download at cuet.nta.nic.in. The exam will be held from May 11 to May 31. Candidates must carry a printed admit card along with a valid photo ID. If you face any login or download issues, NTA’s helpdesk support is available.
Indian markets ended lower as selling hit financial, consumer and realty names. Amid the downturn, Voltamp tumbled sharply following weak results, while Tata Technologies, CAMS and Sobha posted gains. Stocks moved in contrasting directions, highlighting how earnings performance drove sentiment more than sector-wide trends on Tuesday.
Capital deployment in India’s real estate sector has surged 88%, reaching a record USD 30.7 billion, according to a CBRE South Asia report released by former HDFC Chairman Deepak Parekh at the CII BFSI Summit 2026. The jump is driven by equity inflows between 2024 and the first quarter of 2026, signaling renewed investor confidence in the space.
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West Bengal’s election showed a sharp shift: Mamata Banerjee’s Trinamool Congress leaned on Bengali identity politics, but voters focused on day to day economic pain. Unemployment and corruption concerns dominated the debate, while the BJP framed the race as a judgment on governance failures rather than culture. The result reshaped the state’s political balance toward administration.
West Bengal’s 2026 election results have triggered a standoff after Mamata Banerjee said she won’t resign even as the BJP wins a clear majority. Under the Constitution, a Chief Minister must enjoy the legislative assembly’s confidence. With the Governor’s role pivotal, the next step hinges on formal majority proof and any confidence test.
Arsenal have spent 20 years without a Champions League final and 22 years beyond Premier League title glory, but both feel within reach. The second leg of their semi-final against Atletico Madrid takes place at home Tuesday after a 1-1 draw in Madrid, setting up a tense battle where one result could end long-standing waits.
India’s Prime Minister’s economic advisory panel is calling for a sweeping revamp of the care sector, warning that demand for caregivers could exceed 30 million by 2050. It proposes a dedicated fund, rapid creation of a skilled workforce, and channeling corporate social responsibility money into care projects—aiming to expand jobs while supporting families and tackling rising care needs.
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West Bengal Chief Minister Mamata Banerjee has rejected the recent election outcome and said she will not resign. Calling the results illegitimate due to alleged rigging and manipulation, she vowed her political fight will continue. The Trinamool Congress is set to form a committee to investigate irregularities, while opposition leaders have offered support amid the row over violence and electoral process.
Coinbase says it will lay off about 14% of its workforce and restructure the company around AI priorities. The move follows a broader wave of tech job cuts as companies automate parts of product and operations. While Coinbase frames the change as efficiency and faster decision-making, employees and observers are asking what roles are being eliminated and what skills are being prioritized.
India’s next 10 year government bond is likely to be issued with a coupon above 7 percent for the first time in two years. Analysts point to rising inflation risks and global market pressures that are pushing up borrowing costs, signaling tighter conditions for bond buyers and potentially higher interest expense down the line.
Moment Energy has raised $40 million to meet what CEO Edward Chiang calls “infinite demand for power,” using a novel approach to EV battery reuse. By repurposing EV batteries for energy storage and deployment, the startup aims to deliver more flexible power capacity while accelerating battery circularity. The funding underscores growing investor appetite for battery-driven grid solutions.
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Voltamp Transformers shares slumped about 20% after weak Q4 FY26 results. Profit halved and margins fell sharply, blamed on one-time provisions, rising input costs, and adverse currency impact. Revenue was largely flat in the quarter, but the full-year picture held up with growth, while the order backlog remained strong.
Paraguay has rolled out the Investor Pass Golden Visa, designed to make permanent residency easier for foreign investors. The program sets multiple investment categories with different minimum amounts to channel capital into productive sectors. It also boosts transparency and monitoring of incoming funds, alongside background checks and anti money laundering controls to reduce risk.
In the Assam Assembly elections, the BJP logged a 4.6 percentage point rise in vote share, converting that momentum into a sharp gain of 22 seats. The party’s tally moved to an all-time high of 82, underlining how a modest vote swing translated into a much larger parliamentary footprint.
Delhi has been placed under an IMD orange alert for thunderstorms, heavy rainfall, and gusty winds, with hail possible in isolated areas. Temperatures have dipped below normal, bringing a short break and improving air quality. However, the unsettled monsoon conditions are expected to continue for the next couple of days, impacting daily travel and outdoor plans.
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Markets regulator Sebi has proposed expanding the role of Online Bond Platform Providers by allowing them to offer products and services regulated by the IFSCA, along with certain tax-saving bonds under the Income Tax Act. The move could widen distribution channels for regulated offerings and reshape how investors access bond products through online platforms.
Marico posted a strong March-quarter performance with 22% revenue growth and 14% profit rising to Rs 391 crore, powered by healthy India volumes and international traction. Despite the top-line surge, margins narrowed due to elevated input costs. The board also declared a Rs 4 dividend, as full-year growth reached a multi-year high.
Euler Motors, a commercial EV maker, more than doubled its FY26 revenue to Rs 402 crore as EV adoption accelerates. However, widening cost pressures pushed losses up to Rs 308 crore. The company says its unit economics are now positive and expects to reach break-even in the next two to three years, despite the near-term strain.
Star Health is aiming for Gross Written Premium of Rs 24,000 crore in FY27, up from Rs 20,400 crore last year, and targets Rs 30,000 crore by FY28. The insurer plans to launch two affordable products for smaller towns, while faster claim settlements in Andhra Pradesh and Telangana have improved regional GWP and policy growth.
West Bengal Chief Minister Mamata Banerjee has refused to step down after the BJP’s sweeping win in the 2026 Assembly elections. In a defiant response to mounting pressure, she claimed she had “morally won,” questioned the result, and suggested the outcome may involve irregularities. The stance sets up a fresh political confrontation as TMC faces defeat on the ground.
A sudden hailstorm swept parts of Delhi on Tuesday evening, bringing heavy rain and brief relief after scorching early summer temperatures near 40°C. Areas such as Dwarka reported hail and steady rainfall, with videos spreading online as conditions changed quickly. The IMD had issued orange and yellow alerts for thunderstorms, gusty winds, and more wet spells ahead.
Banking and financial services veteran Deepak Parekh says global geopolitical shocks are unlikely to create systemic risk for India’s BFSI sector. Still, he expects a short-term slowdown in loan growth. Parekh also flagged rising REIT momentum, low insurance penetration, moderated deposit mobilization as retail shifts to mutual funds, and an AI transition that’s only beginning in finance.
Crypto exchange Coinbase says it will cut about 700 jobs, roughly 14% of its global workforce, as it restructures to reduce costs and reposition for the next wave of AI-led trading and operations. The company expects most layoffs to be completed by the second quarter of 2026, signaling a long runway for transformation rather than a quick headcount reset.
Mamata Banerjee rejected West Bengal election results, alleging widespread rigging, voter manipulation, and violence. She accused the Election Commission of colluding with the BJP and claimed that 100 seats were stolen, calling it the “murder of democracy.” The Trinamool Congress faced its worst defeat in over a decade, but Banerjee vowed to keep up the political fight.
Anu Sharma’s decision to leave a well-paying job at Google for Palantir Technologies has sparked a major wave of online buzz in India. The switch from Big Tech comfort to a tougher data analytics role has resonated with young professionals looking for purpose over prestige, turning her career move into an instant social media inspiration.
Bullish, the cryptocurrency exchange, plans to acquire Equiniti, a global transfer agent, in a $4.2 billion deal expected to close by January 2027. Equiniti handles large-scale annual payments and manages share-related services for millions of investors, making the acquisition a notable bridge between crypto markets and traditional financial infrastructure.
India has retained the No 1 spot in the latest ICC T20I rankings, with England remaining close behind at second and Australia third. The updated table factors in matches from the past three years, but a large share of points is tied to more recent performances, allowing only minor movement among the leading teams.
Kiran Mazumdar-Shaw has named her niece Claire Mazumdar as her successor at Biocon, launching a gradual leadership transition. The founder, who built the biotech company from a garage into a global player, will remain involved while Claire—positioned as a more science-driven leader—takes on increasing responsibility during the handover period.
Arvind Kejriwal claims the BJP has “hijacked” democracy and says Punjab will stop the party’s “vijay rath.” He alleges election manipulation and warns that a BJP win in Punjab would harm the state. Kejriwal also forecasts the upcoming Punjab election could be Prime Minister Modi’s last.
DMK leader T K S Elangovan said actor Vijay’s TVK cannot form the Tamil Nadu government with Congress support alone, arguing TVK would also need AIADMK’s backing. He additionally reacted to DMK’s election loss, alleging BJP interference in state politics and said the party is reviewing the defeat.
Between 2024 and early 2026, India’s real estate sector drew a record $30.7 billion in equity inflows, signaling aggressive investor confidence. The capital surge is largely being directed toward land, development opportunities, and commercial properties, supported by improving market sentiment and structural changes that have boosted perceived growth potential.
After West Bengal’s landslide assembly victory, thousands of jobless teachers whose appointments were annulled by the Supreme Court in 2025 are watching closely. They say widespread irregularities and alleged past corruption and nepotism triggered their uncertainty, and now they want transparent, timely reinstatement by the new government.
Kalita Majhi, a former domestic worker, has won the Ausgram Assembly seat in West Bengal for the BJP by 12,535 votes. After losing earlier, her comeback highlights a party push toward grassroots candidates who reflect everyday hardship. The win signals voter resonance with leaders emerging from working-class backgrounds.
ETMutualFunds analysis of 246 equity schemes finds only seven funds delivering over 25% CAGR across three years. Bandhan Small Cap Fund leads at 30.24%, ahead of midcap winners like HSBC Midcap Fund at 26.55% and ICICI Prudential Midcap Fund at 25.92%, highlighting standout performance in small and midcap categories.
DPIIT has rolled out an updated Standard Operating Procedure for processing Foreign Direct Investment proposals, aiming to make outcomes faster and more predictable. Under the new framework, decisions are expected within 12 weeks, excluding time taken by applicants to respond. The entire workflow is paperless, and investments from border countries are routed to the Ministry of External Affairs.
The IMD has issued a red alert for 42 districts in Uttar Pradesh, warning of thunderstorms and heavy rain, with some areas likely to see hailstorms and winds reaching up to 60 km/h. An orange alert is in place for 12 districts, while Lucknow has a yellow alert. The weather shift may bring relief from heat over the next five days.
McKinsey says India’s banking sector is shifting from a phase of strong profits and balance sheet improvement to a tougher era of structural pressures. Higher operating costs and emerging credit risks are likely to weigh on profitability, forcing banks to navigate “turbulence” as the operating environment grows more complex than in recent years.
A Truecaller report finds India is the fifth most spam-affected country worldwide, driven largely by commercial outreach. Sales and telemarketing calls account for 36% of spam in India, far ahead of financial services at 18% and scams at 12%, highlighting how everyday marketing lines up with unwanted communications.
Asaduddin Owaisi urged that West Bengal’s election mandate must be respected, arguing the BJP’s momentum cannot be dismissed by “secular parties” that he says failed to check it. He pointed to the BJP’s strong win and called on the Muslim community to focus on cultivating and backing its own political leaders rather than relying on traditional alliances.
Poll data from recent assembly elections shows Congress and its UDF alliance delivering a notable share of Muslim MLAs across multiple states. Assam reportedly has 18 of 19 Congress MLAs as Muslim, while Kerala’s UDF has 30 Muslim MLAs including eight from Congress. In West Bengal, both Congress winners are Muslim, and Tamil Nadu has one Muslim Congress MLA.
Delhi has rolled out new traffic challan rules under a more digital “pay first, argue later” system. Motorists contesting a challan must deposit half the fine in advance, while strict deadlines and automated notices track payments. Unpaid fines may block vehicle services and even lead to impoundment, and repeat offenders can face licence suspension.
ICMR’s chief says India should chart its own path for rare disease treatment instead of relying on conventional Western approaches. The focus is on local innovation and smarter use of limited resources to create care strategies tailored to India’s realities. The shift signals a move toward indigenous solutions and more efficient, context-specific healthcare planning for patients with rare conditions.
Coal India Limited has commissioned a 100 MW solar power project in Gujarat, backed by a commissioning certificate from the Gujarat Energy Development Agency. The move signals a fresh push in the state-owned miner’s renewable expansion as it works to raise its solar capacity and progress toward becoming a net zero energy entity.
The Supreme Court refused to directly take up an Indian engineer’s plea from Dubai challenging a travel ban, advising him instead to approach the Indian Embassy in the UAE. Asif Azad appeared by video conference and alleged a drug mafia conspiracy and possible links involving Kerala MLAs, but the court held that diplomatic assistance should be pursued first.
RBI’s repo rate cuts in FY26 were transmitted to borrowers only partially. Weighted average lending rates fell by 93 basis points, but the benefit varied across bank types and loan categories, preventing lending rates from fully matching the policy reduction. Estimates suggest borrowers gained savings of about Rs 19,000 crore, indicating room for faster pass-through.
Mumbai Indians pulled off a sensational chase at Wankhede Stadium, overrunning Lucknow Super Giants’ 229-run target with six wickets in hand. Rohit Sharma delivered a match-winning 84 on his home turf, sparking MI’s pursuit with timely impact innings. Sunil Gavaskar praised the effort, noting how Rohit’s “knocks are often impactful,” highlighting the innings’ turning points.
India’s flexible workspace market is set to scale sharply, with capacity projected to rise 16–18% over the next two fiscal years to about 140–145 million sq ft. Demand from businesses seeking agility and lower costs is accelerating expansion. Operators are rolling out new spaces not only in major metros but also in fast-growing tier II cities, supported by substantial planned investments.
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