Stories from earlier this week and beyond.
Tata Motors reported a record Q4 FY26 for its standalone business with revenue up 22% to ₹24.5K cr and EBITDA rising 35% to ₹3.4K cr, taking margins into the “teens.” Full-year revenue grew 11% with stronger EBITDA and ROCE, while free cash flow climbed. Consolidated results stay net cash positive, and the Iveco acquisition inches toward Q2 FY27 amid exceptional-item pressure on profits.
Karnataka has reversed its 2022 hijab ban, issuing new school guidelines that permit limited religious and traditional symbols such as hijab and the sacred thread. The state says these must not modify or replace the official uniform and should not disrupt discipline, safety norms, or identification of students on campus.
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r/WallStreetBets has delivered its sharpest backlash yet against an SEC proposal that would let public companies report only twice a year. Retail traders argue the move would reduce transparency, slow reactions to losses, and tilt power toward insiders who see results first. The proposal is now facing louder pushback before any final rulemaking.
Russia launched at least 800 drones at Ukraine, killing six people, as President Volodymyr Zelensky condemned the attack despite Moscow’s recent peace overtures. He said the bombardment unfolded during US President Donald Trump’s visit to China and argued the timing appeared intentional, targeting Ukraine on Wednesday with a massive aerial assault.
U.S. House lawmakers are pressing Instructure to explain how hackers breached its systems twice and accessed large volumes of student data from Canvas, the company’s widely used education software. Lawmakers want details on the intrusion methods, what was stolen, when the breaches were detected, and what protections were in place afterward.
Meta is rolling out Incognito Chat for its AI assistant on WhatsApp, designed to tackle privacy concerns. The feature keeps conversations private by not saving them, and messages are set to disappear by default. Meta says this lets users explore ideas without monitoring—while adding that Meta AI will soon offer private help inside any WhatsApp chat.
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MakeMyTrip has upgraded its AI travel assistant to Myra 2.0, bringing fully conversational booking journeys with integrated payments, multilingual voice support, and document uploads. The company says the upgrade is aimed at making personalized trip planning simpler and more accessible, extending beyond big metros to Tier 2 and smaller markets.
Prime Minister Narendra Modi’s upcoming visit to the UAE is expected to focus on energy security, with sources pointing to likely agreements on Liquefied Petroleum Gas and Strategic Petroleum Reserves. The cooperation comes as the UAE moves on from OPEC+, and officials say the talks will also strengthen trade and investment while addressing priorities for the Indian diaspora.
DLF’s Q4 consolidated profit fell marginally to Rs 1,269 crore even as revenue dropped 42%, driven by lower project recognition. The company said strong collections, healthy bookings and rising rental income helped cushion performance. Robust cash generation and improved annual profitability remained positives, and DLF recommended a dividend of Rs 8 per share for FY26 shareholders.
The Bank of Canada says there is no evidence of widespread job losses from AI so far. Instead of outright elimination, AI is reshaping how tasks are done, with some roles changing while new jobs emerge. Early signals also suggest modest productivity improvements, which could eventually translate into better wages and lower costs for consumers.
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Assam’s new cabinet has approved a Uniform Civil Code bill to be tabled in the Assembly on May 26. Alongside the legislative push, the government is tightening finances: officials face a six-month freeze on new vehicles and foreign travel, while fuel consumption will be cut by 20 percent. The administration also plans to create two lakh government jobs over five years.
LinkedIn, the Microsoft owned professional network, is expected to announce layoffs on Wednesday affecting roughly 5% of its workforce. The job cuts are tied to a company reorganization that shifts employees toward growing business areas. LinkedIn’s revenue rose 12% in the last quarter, and the company says the layoffs are not driven by AI replacing jobs.
Nvidia CEO Jensen Huang reportedly became a sudden addition to Donald Trump’s China delegation, boarding Air Force One shortly before departure. The visit is set to tackle tariffs, trade, AI cooperation, Iran war concerns, Taiwan tensions, rare earth supplies, and global supply chains, alongside high-level meetings between Trump and Xi Jinping with US tech leaders in attendance.
Russia is intensifying drone strikes across Ukraine, hitting infrastructure and civilian areas, while President Volodymyr Zelenskyy urges the international community to step up support. The pressure comes as Trump signals possible peace talks, even as Kyiv appears more emboldened amid the mounting damage and urgency on the ground.
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US wholesale prices rose 6.0% year on year in April, the biggest increase in more than three years. The spike was driven mainly by higher energy costs, with the Iran war playing a key role, and it mirrors recent moves in consumer inflation. The report adds political pressure on President Donald Trump as election plans unfold.
Gunshots echoed inside the Philippine Senate late Wednesday as Ronald Dela Rosa, wanted by the International Criminal Court, was inside the complex. Soldiers were seen entering the building after Dela Rosa urged the military to resist his arrest. Senate President Alan Peter Cayetano said he did not know who fired the shots, escalating an already tense standoff.
Tata Motors is tightening its outlook on spending as the West Asia crisis throws up fresh challenges for the company. Even with these headwinds, it plans to keep capital expenditure around Rs 3,000 crore for FY27. The domestic commercial vehicle market is also expected to grow at only single digits next year, reinforcing a cautious stance.
The US SEC has signaled tougher enforcement on private funds, with enforcement chief David Woodcock warning the regulator is focused on risks rather than volume. Key concerns include liquidity problems, fee practices, and conflicts of interest. The SEC says it will prioritize cases carefully to protect investors and markets, and expects firms to ensure representatives understand client needs and product risks.
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Anupam Mittal’s Shaadi.com is shifting 500 employees to one work-from-home day each week, targeting savings of about 30,000 liters of petrol annually. The move comes after PM Modi urged fuel conservation amid supply pressures, and it has ignited debate online on whether hybrid work could ease traffic and reduce pollution across India.
More than three months into the search for Nancy Guthrie, investigators say a single DNA sample remains central to cracking the case. Nancy, the 84-year-old mother of Savannah Guthrie, was reported missing on February 1, with foul play suspected early. Despite ongoing efforts, authorities have yet to deliver decisive answers.
Alibaba says it will likely spend more than its earlier projected 380 billion yuan on artificial intelligence over the next three years, even as earnings feel the strain. In its latest results, heavy investment in AI and cloud infrastructure pressured profit, but the company insists market leadership matters more than margins as AI demand accelerates for its Cloud Intelligence Group.
The Reserve Bank of India has relaxed rules for non bank entities that facilitate outward remittances. RBI prior approval is no longer required for their tie ups. Going forward, authorized dealer banks will handle compliance and customer verification, while customers should get clearer disclosures on forex rates, total costs, and expected credit timelines.
The Trump Mobile T1 gold Android phone has finally moved from delay to delivery, with official pre-order shipments expected to start this week. After missing five shipping deadlines over months, early buyers should see orders begin arriving. The $499 phone has drawn sustained attention for its political branding alongside mainstream Android features.
In 1908, during an Austrian excavation near the Danube, workers uncovered the Venus of Willendorf, a tiny chalk-covered figurine now dated to about 29,500 years old. The stylized female form has since fueled debates about whether Ice Age people had advanced artistic traditions—and what the figure may have meant, since its origins remain unresolved.
Former army chief Manoj Naravane has backed RSS leader Dattatreya Hosabale’s call for engaging Pakistan, arguing that friendship among common people can strengthen national ties. Naravane highlights people-to-people contact, including sports, and “track two” diplomacy as key tools. While India prefers peace, he adds that force can be used if disputes demand it.
SoftBank’s Vision Fund took a major hit in India during the January to March quarter, with a reported $600 million paper loss tied to declines across key portfolio names. Swiggy and Ola Electric saw sharp market value drops, outweighing gains from other investments. The move highlights fresh pressure on parts of India’s startup market even as SoftBank remains deeply invested.
A prescription-only intravenous Alzheimer’s treatment has launched in India at Rs 91,688 for a 350 mg vial. The monthly therapy can be given for up to 18 months, making the total cost potentially steep for many patients. The drug targets the underlying disease process linked to amyloid plaque buildup and neurofibrillary tangles in the brain.
Char Dham Yatra registrations have crossed 33 lakh, according to the daily bulletin. Kedarnath leads with 11,68,522 registrations, followed by Badrinath at 10,19,560. Gangotri logged 5,90,295 and Yamunotri 5,69,480. Hemkund Sahib recorded 48,428 devotees signing up, highlighting a sharp gap among the routes.
India has raised import duties on gold and silver to 15 percent to curb non-essential inflows and protect foreign exchange reserves. While the higher cost is already hitting the import bill and could pressure jewellery demand, demand is expected to remain resilient. Economists also warn the tariff spike may spur smuggling as traders seek to bypass duties.
The ECB has picked three uncapped players—wicketkeeper-batter Thomas Rew, top-order batter Emilio Gay and fast bowler Sonny Baker—for England’s 15-member squad for the opening Test against New Zealand at Lord’s. The maiden call-ups add fresh faces to the side as England prepare for their first Test challenge against the visitors.
Uber is partnering with the Adani Group to set up its first data centre in India, a major push to strengthen local infrastructure and operations. In the same ETtech Top 5 update, the spotlight shifts to how cyber insurance and coverage are being tested by accelerating AI risks—raising new stakes for tech firms.
The deadlock over Congress’s Kerala Chief Minister face continues after yet another postponement. Reports say the party has pushed its long-awaited CM pick to Thursday, following earlier statements from party leaders that hinted at an announcement timing. With no clear resolution in sight, the delay raises questions over internal consensus ahead of the next phase of Kerala politics.
WhatsApp is adding an incognito option to chats with Meta AI. Meta says these conversations aren’t saved, and messages will disappear by default once you close the chat. The move is aimed at giving users more privacy in AI-assisted discussions without affecting their normal WhatsApp message history.
AIADMK General Secretary Edappadi Palaniswami has announced a major post-election administrative reshuffle, removing prominent party leaders SP Velumani and C Ve Shanmugam from their party posts. The update includes new appointments for District Committee Secretaries as the party reorganizes its hierarchy and leadership structure ahead of the next political phase.
Prime Minister Narendra Modi urged cabinet colleagues to cut unnecessary spending, including reducing petrol use and limiting foreign travel. He also reportedly trimmed his own convoy size to conserve resources and ease the country’s import burden. The government clarified this is “wise spending, not austerity”, with no cuts to capital expenditure or welfare programmes.
In Nagaland, villages like Kigwema and Khonoma run free, self-service libraries built on trust. Founded by brothers Akho and Thepfukelie Phira, the model lets anyone borrow books without a librarian, lock, or register—returning after reading. The same community-first ethics appear in local shops, reinforcing a culture of shared knowledge and honesty.
Tencent Holdings reported a first-quarter revenue and net profit that fell short of market expectations, even as gaming revenue rose on the back of popular titles and online advertising gained. The company’s sharper focus is on artificial intelligence, including the launch of its advanced Hunyuan 3.0 large language model, signaling a bid to catch up with major rivals.
Kidambi Srikanth delivered a major upset at the Thailand Open 2026, beating Singapore’s eighth seed Loh Kean Yew in straight games in the Round of 32. The win came as PV Sindhu also breezed into the next stage, defeating Tung Ciou-Tong of Chinese Taipei 21-9, 21-1, while Devika Sihag led the women’s lineup.
Evanston, Illinois has approved an expansion of its guaranteed income effort, providing automatic $500 monthly payments to 102 low income households. The program is funded using remaining federal COVID relief funds and targets eligible seniors and families with young children under strict income limits, offering direct cash support with no complex application pipeline described in the update.
The Delhi High Court ruled that bank accounts cannot be frozen when there is no FIR. In a case where a private account was frozen on a Gujarat Cyber Crime Police complaint, the court ordered the bank to immediately unfreeze it, saying an unjustified freeze disrupts the right to life and basic economic existence.
Asia Healthcare Holdings has appointed three independent directors to its board, effective May 1, 2026. Murali Sivaraman will become chairperson, while Vinita Bali takes over as Chair of the Nomination and Remuneration Committee and Rashmi Joshi chairs the Audit Committee. The company runs Motherhood Hospitals, Nova IVF Fertility, and Asian Institute of Nephrology and Urology across India.
In 1979, miners in Alaska struck paydirt when hydraulic hoses exposed a 36,000-year-old steppe bison nicknamed “Blue Babe.” Kept by permafrost, the carcass retained soft tissues and skin—rare for Ice Age finds. Researchers say the preservation offers fresh clues about how the animal lived, what it ate, and what may have happened in its final moments.
A viral trend claims toothpaste can clear cloudy car headlights, but experts say it only improves appearance without restoring proper light output. With reduced beam intensity, drivers can face worse night visibility and higher safety risks. Restoration kits work better for mild clouding, while severe damage may require headlight replacement for reliable nighttime performance.
Walmart has cut about 1,000 roles as part of a restructuring meant to streamline operations and accelerate its technology drive. After integrating systems onto a single platform, the company is leaning harder into its online marketplace and delivery services, aiming to attract wealthier shoppers and compete more effectively with digital rivals. Some affected workers were reportedly asked to relocate.
President Donald Trump says the US does not need China’s help to end the Iran war, arguing America will prevail. Meanwhile, Iran is tightening its control of the Strait of Hormuz as US and Iranian demands remain widely mismatched. With a Chinese supertanker attempting passage, the standoff is already rattling global energy markets.
Tower Semiconductor expects to beat its second-quarter revenue target and says it has won $1.3 billion in AI chip deals for 2027. The contracts target specialized processors for AI data centers, reflecting rising demand. Looking ahead to 2028, the company remains confident about hitting ambitious revenue and net profit goals as its technology ramps.
US and China are reportedly considering a managed trade framework that could reduce tariffs on about $30 billion of imports. The move aims to boost trade activity and smooth commerce while still addressing national security concerns. Negotiations focus on everyday products, suggesting a practical shift rather than a purely symbolic trade gesture.
Rahul Gandhi met Congress chief Mallikarjun Kharge as party leaders finalize Kerala’s next chief minister after the United Democratic Front’s strong win. Multiple senior figures are competing for the top role, and a decision is expected soon. The delay is reportedly influenced by Sonia Gandhi’s health, adding uncertainty to the final call.
Michael Carrick is reportedly the frontrunner to become Manchester United’s permanent manager after the club’s strong run of form. Carrick stepped in on an interim basis following Ruben Amorim’s dismissal last year, when United had suffered disappointing results. Now, with momentum building, United are said to be considering Carrick for the full-time role.
A leaked Spanish government document says the Russian ship Ursa Major sank in the Mediterranean after an engine-room explosion in December 2024, and may have been carrying components for submarine nuclear reactors. The report, citing the document, links the incident between Spain and Algeria to nuclear equipment, raising fresh questions for investigators and international security officials.
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