Stories from earlier this week and beyond.
SBI employees will hold a nationwide two-day strike on May 25 and 26, with unions citing staffing shortages and concerns over outsourcing of permanent roles. The AISBISF federation also raises pension parity issues under the National Pension System, alleging limited inter-circle transfers for staff hired after 2019, alongside demands including recruitment for messengers and armed guards.
AI legal tech startup Jurisphere.ai has raised $2.2 million to scale its platform and move from an AI legal workspace to an AI-powered lawyer marketplace. Founded in 2024, it offers contract analysis, legal research, timelines, OCR, translation, and Word add-ins that keep lawyers in the loop. The company claims adoption by 500+ teams as India’s GenAI-driven legal digitisation accelerates.
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Tamil Nadu Governor Rajendra Vishwanath Arlekar accepted M K Stalin’s resignation as Chief Minister and his council of ministers following the DMK’s Lok Sabha election defeat on April 23. The Governor asked Stalin to continue in office until new arrangements are made. In the results, Vijay-led TVK emerged as the largest party, reshaping the state’s political equation.
Mahindra and Mahindra reported a sharp 41.65% year-on-year rise in consolidated profit to Rs 4,667.57 crore for Q4 FY26, up from Rs 3,295.17 crore in the same quarter last year. The results set the stage for investors to watch the final dividend and other updates that could shape sentiment going forward.
TVK has emerged as the single largest party in Tamil Nadu’s hung Assembly with 108 seats, but it needs 118 for a majority. The current term ends May 10, 2026, leaving a tight window for post-poll negotiations. TVK is now seeking alliances with smaller parties to secure numbers and stake its claim to form the government before time runs out.
The BJP delivered a landslide win in West Bengal, capturing 206 seats and ending the Trinamool Congress’s 15-year reign. The party swept nine districts entirely, marking the first time the state turned saffron in those areas. The outcome also closely matched Prime Minister Narendra Modi’s predictions about TMC’s performance across multiple districts, signaling a major political shift in eastern India.
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Filmmaker Ram Gopal Varma shared an old picture showing a young Vijay standing behind Karunanidhi, captioning that Kalaignar couldn’t have imagined the kid would later destroy his party. The post follows TVK’s decisive 2026 Tamil Nadu Assembly win, taking 108 seats and ending DMK’s long dominance as TVK becomes the single largest party.
Actor-turned-politician Thalapathy Vijay’s foray into Tamil Nadu politics made waves as his side reportedly won 96 seats, marking a major electoral debut. Yet the spotlight doesn’t stop at politics: at 51, Vijay continues to look strikingly youthful, attributing his lean, energetic physique to a steady fitness routine and disciplined, home-cooked meals focused on stamina rather than bulk.
Computer Age Management Services (CAMS) shares jumped more than 9% after the firm posted its highest-ever Q4 performance. Net profit rose 11% to Rs 126 crore and quarterly revenue climbed to a record Rs 395 crore. CAMS also announced a dividend of Rs 4 per equity share, citing strong non-mutual fund growth and better operational efficiency.
Punjab Chief Minister Bhagwant Mann has urged President Droupadi Murmu to cancel the membership of seven Rajya Sabha MPs who defected from the Aam Aadmi Party to the Bharatiya Janata Party. Mann made the request after the reported merger of the MPs, including Raghav Chadha, Sandeep Pathak and Ashok Mittal, raising fresh controversy over party defection rules.
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DMK minister KR Periyakaruppan’s two-decade hold on his Tiruppattur seat collapsed after he lost by just one vote to TVK’s Sethupathy. The razor-thin result highlights the impact of every ballot as TVK’s debut continues to shake Tamil Nadu’s political landscape and redraw local power equations.
DMK chief M.K. Stalin said his party alliance secured 1.54 crore votes in the recent Tamil Nadu elections, trailing the leading party by only 3.52%. He credited party cadres and vowed to remain a strong opposition, continuing to fight for people’s demands while upholding Dravidian movement ideals.
India condemned the attack on the UAE’s Fujairah, calling it unacceptable and targeting both civilians and infrastructure. Prime Minister Narendra Modi expressed solidarity after three Indian nationals were injured, warning that the incident could threaten global energy routes amid escalating regional tensions. India urged diplomacy and restraint as officials watched developments closely.
BJP has won a sweeping victory in the 2026 West Bengal Assembly elections, winning 206 of 294 seats and ending TMC’s earlier dominance. While the seat tally looks decisive, the vote share points to a tighter contest, with BJP at 45. The result triggered sharp political reactions, including Mahua Moitra’s pointed remarks after TMC’s defeat.
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Rajya Sabha MP Raghav Chadha met President Droupadi Murmu and alleged that Punjab’s government is using the state machinery to target former AAP MPs who have moved to the BJP. Chadha claimed these actions are politically motivated and warned that such retaliation will undermine democratic processes and parliamentary independence.
A rival bidder has publicly questioned the Rajasthan Royals ownership sale process, with US-based entrepreneur Kal Somani and his partners saying they were excluded despite leading the bid for six months. The consortium expressed deep disappointment as a Mittal family-led group secured a controlling stake for about $1.65 billion, triggering fresh questions over how the process was handled.
IMD has issued a yellow alert for Delhi and the NCR as a western disturbance triggers moderate rain, frequent thunderstorms and lightning, along with gusty winds reaching 40–50 kmph. Gurugram and Noida are especially on alert. The same system may also provide relief from the ongoing heatwave, but could disrupt daily travel until May 6.
Rahul Gandhi sharply attacked BJP’s recent election victories in West Bengal and Assam, calling them a “theft of the people’s mandate.” Backing the TMC, he urged opposition parties to put aside differences and form a united front. Gandhi also accused the BJP of aiming to undermine Indian democracy, escalating his campaign rhetoric ahead of the next political contest.
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Punjab Kings head into their IPL 2026 clash with Sunrisers Hyderabad under pressure after a two-match losing streak. Their top order has faltered repeatedly, exposing the team’s bowling vulnerabilities at the other end. SRH, looking to rebound after a defeat, is banking on explosive batting from Head and Klaasen to shift the match’s momentum.
Global oil markets saw a brief cooling move as Brent crude slipped to around $113.93 per barrel, retreating from multi-month highs. WTI also eased to about $104.87, down nearly 1.5%. The pullback is linked to easing supply fears after “Project Freedom” escort developments, prompting brokerages to reassess near-term price pressure and potential India impact.
Bihar’s cabinet expansion is scheduled for Thursday, with Prime Minister Narendra Modi set to attend. Home Minister Amit Shah and BJP national president Nitin Nabin will also be present as the new government is led by Samrat Choudhary. Nitish Kumar, Chirag Paswan and Jitan Ram Manjhi are expected to attend, while preparations for Modi’s visit are underway.
Australian shares edged lower as the Reserve Bank of Australia raised its cash rate by 25 basis points. The move was largely expected, but investors reacted to the RBA’s softer growth forecast. Rising oil prices kept inflation in focus, pressuring financial and mining stocks, while energy and technology shares managed gains.
Australian author Craig Silvey, known for Jasper Jones, has pleaded guilty to charges involving possession and distribution of child exploitation material. During proceedings, two additional charges were dropped. Silvey was first charged in January following a police raid, and his next court appearance is scheduled for July in the District Court. His bail has been continued.
Venu Srinivasan and Vijay Singh are set to exit the Tata Education and Development Trust from May 11 after Mehli Mistry opposed their reappointments. Because reappointments require unanimity, their terms could not be renewed. The episode underscores governance tensions within Tata Trusts, with Srinivasan recently stepping down from another trust. TEDT will continue with three trustees.
JLR India has announced price reductions of up to Rs 75 lakh on its UK imported Range Rover SV and Range Rover Sport SV variants, effective immediately. The automaker says the move is in anticipation of the India UK Free Trade Agreement, with the goal of making its SV portfolio more attainable and boosting demand in the Indian market.
Ruchir Sharma says US retail investors have rebranded from “dumb money” to a market force. By repeatedly buying dips and staying resilient through volatility, retail traders have started shaping how professional investors position themselves. Instead of dismissing retail behavior, pros are increasingly watching it for cues, turning a once-overlooked group into a measurable influence on Wall Street.
The Supreme Court criticized the Indian Young Lawyers Association over its 2006 PIL seeking to lift the Sabarimala temple ban on women’s entry. The bench questioned the group’s standing to file the case, calling the move an abuse of the process of law, and urged it to focus on bar welfare instead of religious matters.
Former JP Morgan banker Chirayu Rana has filed updated court materials in his sexual abuse lawsuit against executive Lorna Hajdini, days after fresh claims went public. The new filing includes an account from an anonymous friend alleging Hajdini invited him and Rana into a threesome while intoxicated. Rana also reiterates claims that he was drugged and pressured over his bonus.
Canada is introducing a one-time push to grant permanent residency faster to select temporary workers already living in the country. The move focuses on applicants in smaller towns who previously applied under existing immigration pathways, meaning no fresh applications are required. The government aims to transition as many as 33,000 workers to permanent resident status by 2027.
Indian companies have invested USD 16.4 billion in the United States, helping create about 70,800 jobs, according to officials. The firms also put USD 330 million toward research and development, backing innovation alongside community growth across multiple states. The inflow is being framed as a boost to the US economy, with companies like Sun Pharmaceutical recently announcing major deals.
Vertex Group has acquired a $4M digital customer experience (CX) business, signaling a more aggressive expansion push. The company says the purchase fits within a broader growth plan to pursue more than two strategic acquisitions each year over the next three years, highlighting a deal-driven roadmap rather than organic growth alone.
The Delhi Development Authority has extended the payment deadline for its premium Towering Heights flats in Karkardooma to June 30, 2026. The DDA cited delays in statutory approvals and physical possession. It also announced no interest for dues falling by March 31, 2026, extending interest-free payments through April 30 and up to June 30, offering relief to allottees.
Indian markets are holding steady after election results, with Sandip Sabharwal pointing to governance and policy continuity as key supports. He says banking stocks are consolidating, yet asset quality remains strong. The earnings season is expected to reward select names, especially auto and power equipment makers, while small and midcaps continue to outperform on persistent domestic flows.
Greater Noida’s property circle rates have risen 3.58%, tracking the Cost Inflation Index and aimed at nudging investment. The city is also proposing a 37 km road linking it to the Ganga Expressway, promising smoother access to western Uttar Pradesh and shorter travel times. Together, the changes could influence buyer costs and investor return calculations.
A new study finds Trump’s immigration crackdown harmed employment rather than boosting it. Industries targeted by stricter enforcement saw fewer undocumented workers, but overall labor demand also weakened, leading to job losses for some US-born workers as well. The research suggests the policy did not generate new opportunities for Americans, instead reducing hiring across affected sectors.
NASSCOM CoE says it will scale India’s AI innovation by prioritizing real-world deployment, not just pilots. By linking startups, businesses, and government, it aims for measurable impact and unbiased curation to select solutions. The plan includes expanding AI centers nationwide, targeting growth beyond metros into Tier II and Tier III cities.
Mumbai Indians opener Ryan Rickelton opened up on how his batting clicked with Rohit Sharma, describing their opening partnership as a key to MI’s crucial win. He also touched on the internal competition with Quinton de Kock and admitted he didn’t know Hardik Pandya’s injury status. MI now head to Raipur for their next match.
Mumbai Indians delivered a much-needed win over Lucknow Super Giants, chasing 228 with eight balls to spare. The standout partnership of Ryan Rickelton and Rohit Sharma powered the chase, but fans wondered why captain Hardik Pandya didn’t feature. Now, Rickelton has broken silence on the captain’s absence, putting an end to the speculation surrounding MI’s team selection.
Ahmedabad police have uncovered an Instagram racket that used fake astrologer or spiritual healer profiles to lure women with promises of rituals to solve personal problems. Victims were then coerced into compromising nude video calls, after which the accused allegedly extorted them for lakhs. Police arrested one suspect while two others remain at large.
PNB reported a 14% year-on-year jump in consolidated net profit to Rs 5,225 crore, driven by improved performance at the bank. However, net interest income (NII) fell 3.5% to Rs 10,380 crore from Rs 10,757 crore a year ago, signaling margin pressure even as bottom-line gains continue.
Kerala Assembly poll results have been framed by Congress leader K. C. Venugopal as a clear rejection of communal polarisation. He alleged misgovernance by the LDF and also pointed to unfair practices in BJP’s wins elsewhere. Venugopal added that Congress will soon take a call on its chief ministerial pick, turning attention to the next phase of leadership decisions.
India’s latest state election results are fueling a new round of populist promises, with states pledging cash handouts and expanded welfare. Economists warn this could push fiscal deficits wider, even as the 3% deficit ceiling starts looking like a minimum. The spending race may also squeeze funding for infrastructure and job creation ahead of future polls.
BJP’s breakthrough in West Bengal relied less on a huge jump in its own vote share and more on a split in Muslim votes that had long tilted behind the TMC in minority-heavy districts like Murshidabad, Malda, and Uttar Dinajpur. Fragmentation across Congress, Left and smaller outfits like AJUP weakened TMC in tight races as Hindu votes consolidated for BJP.
GameStop shares fell more than 10% after CEO Ryan Cohen sidestepped questions about how the company will fund its $55.5 billion bid for eBay. The proposed half-cash, half-stock offer still leaves a funding gap despite plans to use debt and cash. eBay has not engaged, and Cohen could push a proxy fight if needed.
Foreign Institutional Investors have pulled a record ₹1.92 lakh crore from Indian equities in the first four months of 2026, already exceeding total outflows for all of 2025. Analysts point to a global risk off mood driven by geopolitical tensions in West Asia, rising US bond yields, a stronger dollar, and concerns over elevated domestic valuations. Markets now hinge on how long domestic support holds.
Delhi police say the Anti-Auto Theft Squad (AATS) South team arrested six members of the notorious Kachha Baniyan gang after an encounter. Investigators acted on specific intelligence, and say the gang operates across multiple states. Police allege members disguise themselves and even use oil and grease to make capture harder during crimes. Officials called it a major strike against organized criminal networks.
Peter Thiel is backing Panthalassa with a 140 million investment to build AI datacenters in the sea. The plan takes a different approach than ambitious space based ideas from companies like SpaceX and Google, aiming to place compute infrastructure offshore. If successful, it could reshape how data centers handle power, cooling, and real estate constraints.
BJP MP Raghav Chadha told President Droupadi Murmu that Punjab is practising “vendetta politics” against MPs who left the Aam Aadmi Party. He made the claim days after Punjab registered two FIRs against Rajya Sabha MP Sandeep Pathak, who also switched from AAP to the BJP. Chadha says he fears he will be the next target.
Even as BJP secured a West Bengal win, Indian equities slid sharply, with Sensex and Nifty falling after rising crude oil and a weakening rupee drowned out political optimism. Traders say global geopolitical pressures and continued foreign selling are now driving the market direction, leaving bulls focused on macro risks rather than election results.
Malayalam actor Santhosh Kesavan Nayar, known for playing villains in Mollywood, died early Tuesday at 65 after a road accident in Adoor, Kerala. Police said the crash happened around 6:30 AM while he was travelling with his wife, Subhasree V, who sustained injuries. Details of the collision are still emerging.
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