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Stories from earlier this week and beyond.

RBI lets banks count more quarterly profits by removing NPA-linked restriction

RBI lets banks count more quarterly profits by removing NPA-linked restriction

The RBI has updated rules on how banks calculate capital strength by changing what portion of quarterly profits can be included. The regulator removed a prior condition that linked this inclusion to NPA-linked bad loan provisions. Supporters say it improves capital reporting flexibility, while critics may ask how it affects risk discipline and transparency for lenders.

Summarised by Beize from a story on Republic on 9 May 2026
West Bengal Delhi wall may crumble as BJP streamlines welfare schemes

West Bengal Delhi wall may crumble as BJP streamlines welfare schemes

West Bengal’s long-running standoff with the Centre over welfare delivery may be easing as BJP governance takes hold at both the state and central levels. The expected administrative integration could reshape how major schemes like Ayushman Bharat and PM-Kisan operate in the state—potentially through merging, streamlining, or tighter alignment to reduce friction.

Summarised by Beize from a story on The Economic Times on 9 May 2026

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Food prices jump to three year high as Iran war costs bite into bills

Food prices jump to three year high as Iran war costs bite into bills

Food prices are set to rise further as the UN’s food-commodity price index hits its highest level in three years. Vegetable oils, meat, and cereals are posting the biggest gains, pointing to broad-based pressure on grocery bills. The uptick is being linked to higher costs tied to the Iran war, raising near-term concerns for consumers.

Summarised by Beize from a story on The Economic Times on 9 May 2026
AIADMK readies power claim in Tamil Nadu as Vijay faces majority proof test today

AIADMK readies power claim in Tamil Nadu as Vijay faces majority proof test today

Tamil Nadu’s government-formation fight sharpened as AIADMK leader Edappadi K. Palaniswami prepared to stake a claim to power if TVK chief Vijay cannot establish majority support before the Governor by day’s end. AIADMK MLAs gathered in Chennai for strategy, while talk of potential alliances with AMMK and PMK added pressure to an already high-stakes deadline.

Summarised by Beize from a story on Republic on 9 May 2026
Indian-American man accused of hiding $2.5 million fraud to keep US citizenship

Indian-American man accused of hiding $2.5 million fraud to keep US citizenship

An Indian-American man, Debashis Ghosh, is facing US denaturalization proceedings after authorities allege he concealed involvement in a $2.5 million investor fraud scheme when applying for citizenship. Prosecutors say he misrepresented his criminal history and continued fraudulent activities even after becoming a citizen in 2012, as part of a push to revoke citizenship obtained illegally.

Summarised by Beize from a story on The Economic Times on 9 May 2026
Myanmar militants attack Manipur border villages as Congress questions security response

Myanmar militants attack Manipur border villages as Congress questions security response

Militants reportedly crossed from Myanmar into Manipur’s Kamjong district and attacked indigenous villages, leaving damage and fresh security concerns. The Manipur government condemned the violence and security forces moved to restore peace. Authorities say an armed cadre was apprehended, but the incident has reignited scrutiny of border preparedness, with Congress questioning the response.

Summarised by Beize from a story on The Economic Times on 9 May 2026

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Congress accuses BJP DMK of blocking TVK secular government formation in Tamil Nadu

Congress accuses BJP DMK of blocking TVK secular government formation in Tamil Nadu

Congress has escalated its campaign in Tamil Nadu, alleging BJP and DMK are obstructing the formation of a secular government led by TVK. The party claims DMK is positioning to support AIADMK while preventing other secular allies from backing TVK, as INDIA bloc dynamics reportedly fracture and DMK presses for separate seating in Parliament.

Summarised by Beize from a story on The Economic Times on 9 May 2026
Missed GST return filing could suspend your registration courts warn after 2022 amendment

Missed GST return filing could suspend your registration courts warn after 2022 amendment

If you miss GST return deadlines, your registration may be suspended, even for relatively short delays. A 2022 amendment changed enforcement by giving authorities greater flexibility, moving away from a strict six-month non-filing requirement. Businesses report disruptions as they try to resolve notices, with experts urging clearer timelines and stronger appeal guidance to limit uncertainty.

Summarised by Beize from a story on The Economic Times on 9 May 2026
S&P 500 Nasdaq Hit Record Highs as AI Stocks Soar Despite Middle East Worries

S&P 500 Nasdaq Hit Record Highs as AI Stocks Soar Despite Middle East Worries

U.S. markets closed higher on Friday, with the S&P 500 and Nasdaq setting fresh record highs. The rally was fueled by a sharp surge in AI-linked names, including Nvidia and memory and storage players like Micron and Sandisk. A stronger-than-expected jobs report also signaled a resilient labor market, helping investors look past rising geopolitical concerns.

Summarised by Beize from a story on Republic on 9 May 2026
Bengal crowns Suvendu Adhikari with dhak dhunuchi chhau at historic chief minister oath

Bengal crowns Suvendu Adhikari with dhak dhunuchi chhau at historic chief minister oath

Suvendu Adhikari is set to take oath as West Bengal’s first BJP chief minister in a ceremony at Kolkata’s Brigade Parade Ground. Instead of a conventional event, the lineup is built around Bengali tradition—dhak beats, dhunuchi performances, Purulia Chhau dancers, folk artists, and symbolic tributes—designed to define the atmosphere of the historic milestone.

Summarised by Beize from a story on Republic on 9 May 2026

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BCCI pushes Vaibhav Sooryavanshi for Test debut amid IPL 2026 buzz

BCCI pushes Vaibhav Sooryavanshi for Test debut amid IPL 2026 buzz

As Rajasthan gears up to face Gujarat in IPL 2026, talk around Vaibhav Sooryavanshi has intensified. Former Rajasthan Royals Director of Cricket Zubin Bharucha suggested the youngster could be fast-tracked on the lines of the “Sachin Tendulkar route.” The buzz adds that a BCCI “Test debut” plea has been raised amid the season’s build-up.

Summarised by Beize from a story on Republic on 9 May 2026
Chidambaram questions investigators after acquittals in Tadmetla massacre and Sohrabuddin cases

Chidambaram questions investigators after acquittals in Tadmetla massacre and Sohrabuddin cases

P Chidambaram has questioned the performance of India’s investigative and prosecution agencies after recent acquittals tied to the 2010 Tadmetla massacre and the 2005 Sohrabuddin Sheikh encounter case. He argues the verdicts point to weaknesses in how the cases were handled, even as a memorial was inaugurated for CRPF personnel killed in Tadmetla.

Summarised by Beize from a story on The Economic Times on 9 May 2026
India mining sector shifts from compliance to smarter sustainability using cloud and edge tech

India mining sector shifts from compliance to smarter sustainability using cloud and edge tech

India’s mining industry is starting to move beyond a compliance-only sustainability mindset toward a more proactive model expected to boost decision-making and efficiency across the entire mining value chain. A new report flags cloud and edge technologies as key to handling varied operations, enabling faster, data-driven management of complex sites and processes.

Summarised by Beize from a story on The Economic Times on 9 May 2026
Poster war in Kerala erupts as Congress high command prepares to choose CM face

Poster war in Kerala erupts as Congress high command prepares to choose CM face

A sudden poster war has broken out in Idukki, Kerala, with backers putting up claims for Ramesh Chennithala as Chief Minister, after similar posters for KC Venugopal appeared earlier. Congress leaders are now in Delhi to decide the United Democratic Front’s CM face, with VD Satheesan viewed as a frontrunner. The high command will make the final call after internal processes.

Summarised by Beize from a story on The Economic Times on 9 May 2026

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Dhinakaran accuses Vijay TVK of horse trading as Tamil Nadu government bid heats up

Dhinakaran accuses Vijay TVK of horse trading as Tamil Nadu government bid heats up

AMMK leader T T V Dhinakaran has launched a sharp attack on Vijay’s Tamilaga Vettri Kazhagam, alleging horse-trading in the bid to form the Tamil Nadu government. His comments come after TVK chief Vijay staked a claim to lead the next administration. Dhinakaran urged the Governor to invite AIADMK leader Edappadi K Palaniswami instead, escalating tensions ahead of possible government formation.

Summarised by Beize from a story on The Economic Times on 9 May 2026
Suspicious scooter seized outside Indian Army vital installation in Samba driver flees security cordons area

Suspicious scooter seized outside Indian Army vital installation in Samba driver flees security cordons area

Indian Army troops in Samba seized a suspicious scooter parked near the gate of a vital installation late Friday night, triggering an immediate security alert. Security forces cordoned off the area and sent a police team from Samba Police Station to investigate and verify the vehicle. The driver, reportedly unidentified, managed to abscond, raising concerns that it could be linked to a larger threat.

Summarised by Beize from a story on Republic on 9 May 2026
Will Vijay take oath today in Tamil Nadu as razor thin majority turns tense

Will Vijay take oath today in Tamil Nadu as razor thin majority turns tense

Chennai is in political suspense as Vijay’s oath-taking as Tamil Nadu’s next Chief Minister remains uncertain. With a razor-thin assembly majority, negotiations are intensifying and alliances appear to be shifting quickly. The Governor is waiting for a crucial support letter, and political calculations could determine whether the government formation moves forward today.

Summarised by Beize from a story on The Economic Times on 9 May 2026
Employee quits after 5 day office return demand and sales plunge follows company rigid policy

Employee quits after 5 day office return demand and sales plunge follows company rigid policy

A New Zealand sales team was hit hard after a valued employee quit over a strict five day office return policy. The worker handled urgent late night calls, but was pushed out when she requested flexibility. Within weeks, the region saw a reported 50 percent drop in sales, showing how rigid attendance rules can erase productivity and drain revenue.

Summarised by Beize from a story on The Economic Times on 9 May 2026

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FII ownership sinks to 14 year low at 14.7% as DII steps in with 18.9% jump

FII ownership sinks to 14 year low at 14.7% as DII steps in with 18.9% jump

FII ownership in Indian equities has fallen to 14.7%, the lowest since June 2012, down from 19.9% in April 2016. Despite the foreign pullback, markets have been supported by domestic investors, with DII participation rising sharply by 18.9%, according to JM Financial’s Fundamental Research report.

Summarised by Beize from a story on The Economic Times on 9 May 2026
IMF forecasts 2.5 billion net income in 2026 as uncertainty looms large

IMF forecasts 2.5 billion net income in 2026 as uncertainty looms large

The IMF projects about $2.5 billion in net income for 2026, rising to $2.6 billion in 2027 and 2028. It expects precautionary balances to reach $35.9 billion by 2026, giving the fund added financial cushioning. The IMF will keep its lending rate margin at 60 basis points for member countries.

Summarised by Beize from a story on The Economic Times on 9 May 2026
Modi honors Tagore on birth anniversary calling him the timeless voice of India’s civilisational soul

Modi honors Tagore on birth anniversary calling him the timeless voice of India’s civilisational soul

On Rabindranath Tagore’s birth anniversary, Prime Minister Narendra Modi paid tribute to the Nobel laureate, praising him as a philosopher, educationist and artist. Modi described Tagore as a “timeless voice” of India’s civilisational soul, saying his ideas and creative energy enriched society. The Prime Minister expressed deep gratitude for Tagore’s contributions, noting that his legacy continues to inspire.

Summarised by Beize from a story on The Economic Times on 9 May 2026
Ameesha Patel unleashes fake PR rant in seven posts targeting younger actresses Internet erupts

Ameesha Patel unleashes fake PR rant in seven posts targeting younger actresses Internet erupts

Ameesha Patel sparked a major online reaction with a late-night X thread of seven posts. She accused other actresses of using “fake PR machinery” to appear bigger than they are, and took aim at younger stars. The remarks quickly drew attention and debate across social media as users weighed in on what’s fair, what’s targeted, and how celebrity PR actually works.

Summarised by Beize from a story on Republic on 9 May 2026
Turkish YouTuber Ruhi Çenet attended crowded wedding after cruise quarantine for hantavirus

Turkish YouTuber Ruhi Çenet attended crowded wedding after cruise quarantine for hantavirus

Turkish YouTuber Ruhi Çenet attended a crowded wedding soon after returning from a cruise ship tied to a hantavirus outbreak. He says he was unaware the episode could become an epidemic when he participated. Çenet filmed aboard the MV Hondius, is now quarantining, and reports no symptoms so far.

Summarised by Beize from a story on The Economic Times on 9 May 2026
DMK and AIADMK fail to stop Vijay as Tamil Nadu fractures into a new mandate

DMK and AIADMK fail to stop Vijay as Tamil Nadu fractures into a new mandate

Tamil Nadu’s political rivals DMK and AIADMK tried to prevent C Joseph Vijay’s Tamilaga Vettri Kazhagam from forming a government. With intense talks and attempts at defections, they still failed. Vijay’s party emerged as the single largest, splitting the mandate and plunging the state into a fresh power struggle.

Summarised by Beize from a story on The Economic Times on 9 May 2026
Mumbaikars get good news as railways approve new station between Thane and Mulund

Mumbaikars get good news as railways approve new station between Thane and Mulund

Railway Minister Ashwini Vaishnaw has granted in-principle approval to build a new suburban railway station between Thane and Mulund on the Central Railway main line in Mumbai. The announcement came through a letter to Maharashtra Chief Minister Devendra Fadnavis, who later thanked Prime Minister Narendra Modi and the Railways Minister for the approval.

Summarised by Beize from a story on Republic on 9 May 2026
Parag Parikh Flexi Cap Fund adds to ITC TCS HDFC Bank cuts Coal India and exits Balkrishna Industries

Parag Parikh Flexi Cap Fund adds to ITC TCS HDFC Bank cuts Coal India and exits Balkrishna Industries

Parag Parikh Flexi Cap Fund increased stakes in ITC, TCS, and HDFC Bank in April, alongside additions to 14 other firms including Indraprastha Gas and HCL Technologies. At the same time, it reduced exposure to Coal India and Power Grid Corporation of India. The fund also made a complete exit from Balkrishna Industries, signaling a clear shift in portfolio positioning.

Summarised by Beize from a story on The Economic Times on 9 May 2026
Nifty stuck at 24500 as traders split on bull trap or reversal signals

Nifty stuck at 24500 as traders split on bull trap or reversal signals

With Nifty hovering near 24,500, analysts say the index is testing a heavy resistance zone and could slide into correction if it can’t clear 24,750 soon. Some stocks are holding up, but Bank Nifty momentum is fading. Traders are told to monitor dips in Vedanta and Firstsource for sharper cues on trend direction.

Summarised by Beize from a story on The Economic Times on 9 May 2026
Maharashtra Minister alleges AIMIM corporator sheltered accused in Nashik TCS case naming Imtiaz Jaleel culprit

Maharashtra Minister alleges AIMIM corporator sheltered accused in Nashik TCS case naming Imtiaz Jaleel culprit

Maharashtra Minister Sanjay Shirsat has made fresh allegations in the Nashik TCS-linked case, claiming that AIMIM corporator Mateen Majid Patel sheltered accused Nida Khan. Shirsat further alleged that former MP Imtiaz Jaleel is the “main culprit.” Khan was taken into custody from Chhatrapati Sambhajinagar as the investigation continues.

Summarised by Beize from a story on The Economic Times on 9 May 2026
ED raids Punjab minister Sanjeev Arora again probing alleged money laundering links

ED raids Punjab minister Sanjeev Arora again probing alleged money laundering links

The Enforcement Directorate has carried out fresh searches in a money laundering investigation involving Punjab Industries Minister Sanjeev Arora and associates. Raids were conducted at Arora’s Chandigarh residence and at a Gurugram real estate firm. The action follows earlier ED steps under FEMA and a money laundering probe that began in 2024, spotlighting alleged financial links across locations.

Summarised by Beize from a story on The Economic Times on 9 May 2026
Wall Street Week Ahead US China Iran talks and inflation data threaten a fiery market snapback

Wall Street Week Ahead US China Iran talks and inflation data threaten a fiery market snapback

After a strong earnings-led rally, investors are bracing for a volatile week on Wall Street. Indian market watchers are tracking US inflation and consumer spending data closely, while also focusing on Iran conflict developments and a key US-China meeting that could shape trade expectations. The biggest wildcard is how Middle East tensions resolve, potentially driving oil prices and rippling through equities.

Summarised by Beize from a story on The Economic Times on 9 May 2026
Tamil Nadu power fight escalates as Congress MLAs move to Hyderabad amid poaching fears

Tamil Nadu power fight escalates as Congress MLAs move to Hyderabad amid poaching fears

Tamil Nadu’s fractured verdict has sparked deeper alliance jockeying and allegations of poaching. Reports say five Congress MLAs were shifted and kept under security in Hyderabad to prevent “enemy” attempts. Meanwhile, TVK’s leaders reportedly tried to secure their position without revealing their full opposition plan, as AMMK voiced support for Edappadi Palaniswami as CM.

Summarised by Beize from a story on Republic on 9 May 2026
Suvendu Adhikari Welcomes Modi to Kolkata as West Bengal CM pick sparks new political era

Suvendu Adhikari Welcomes Modi to Kolkata as West Bengal CM pick sparks new political era

Union Home Minister Amit Shah ended leadership speculation by naming Suvendu Adhikari as West Bengal’s next Chief Minister after the BJP’s landmark election win. Ahead of the oath-taking, Adhikari welcomed Prime Minister Narendra Modi to Kolkata, framing it as the start of a “double engine era.” The inauguration is expected to draw Modi, Amit Shah, and top BJP and NDA leaders.

Summarised by Beize from a story on Republic on 9 May 2026
Ohio surgeon pleads no contest after identity fraud to get abortion pills, faces up to five years

Ohio surgeon pleads no contest after identity fraud to get abortion pills, faces up to five years

A former Toledo surgeon, Hassan-James Abbas, pleaded no contest to charges including unlawful distribution of abortion drugs and identity fraud. Prosecutors allege he used his ex-wife’s identity to obtain the pills and administered them to his pregnant girlfriend while she slept after she refused to end the pregnancy. He could face up to five years in prison.

Summarised by Beize from a story on The Economic Times on 9 May 2026
Mumbai Police Register FIR Against Celina Jaitly Husband Peter Haag Over Cruelty Allegations

Mumbai Police Register FIR Against Celina Jaitly Husband Peter Haag Over Cruelty Allegations

Mumbai Police have registered an FIR against Peter Haag, the husband of actress Celina Jaitly, following her complaint alleging cruelty, physical harm, criminal intimidation, and sustained harassment. The case follows her allegations that the reported abuse crossed into serious offences, prompting police action. The next steps will determine whether further investigation and legal proceedings follow.

Summarised by Beize from a story on Republic on 9 May 2026
Skyroot becomes India spacetech unicorn as startups raise just $132 million in five days

Skyroot becomes India spacetech unicorn as startups raise just $132 million in five days

Indian startups pulled in $132.3 million across 18 deals from May 4 to May 8, down 35.2% from the previous week’s $204 million. The headline moment: Skyroot’s spacetech leap to become 2026’s third unicorn. Still, most sectors saw muted momentum, even as AI and advanced hardware each notched four deals.

Summarised by Beize from a story on Inc42 on 9 May 2026
Isomorphic Labs nears 2 billion funding boost to supercharge AI drug design engine

Isomorphic Labs nears 2 billion funding boost to supercharge AI drug design engine

Alphabet’s AI drug discovery startup Isomorphic Labs is reportedly close to raising more than $2 billion in new funding led by Thrive Capital. The fresh cash is set to expand its AI drug design engine and support global growth, reinforcing Alphabet’s push to commercialize advanced AI technology beyond research labs.

Summarised by Beize from a story on The Economic Times on 9 May 2026
Knicks vs Sixers Jalen Brunson leads Knicks to 3 0 lead and conference finals dream

Knicks vs Sixers Jalen Brunson leads Knicks to 3 0 lead and conference finals dream

Jalen Brunson poured in a big performance as the New York Knicks beat the Philadelphia Sixers 108-94, taking a commanding 3-0 lead in the playoff series. After the Sixers briefly surged, the Knicks tightened defense and controlled the offense to pull away. With one win left, New York is now one step from the conference finals.

Summarised by Beize from a story on The Economic Times on 9 May 2026
Dilip Ghosh says West Bengal votes delivered Syama Prasad Mukherjee dream ahead of BJP swearing in

Dilip Ghosh says West Bengal votes delivered Syama Prasad Mukherjee dream ahead of BJP swearing in

Ahead of the BJP government’s swearing-in in West Bengal on Saturday, BJP leader Dilip Ghosh said voters chose “change” and fulfilled the dream of Syama Prasad Mukherjee. His remarks tie the new administration to Mukherjee’s legacy, setting the tone for how the party is presenting the election outcome before formal formation.

Summarised by Beize from a story on The Economic Times on 9 May 2026
US sanctions 10 firms across China and Hong Kong over Iran weapons drone supply

US sanctions 10 firms across China and Hong Kong over Iran weapons drone supply

The U.S. Treasury has imposed sanctions on 10 individuals and companies, including several in China and Hong Kong, accused of helping Iran procure weapons and drone-related materials. The move is designed to restrict Iran’s military capabilities and reduce threats to regional allies and key shipping routes by targeting specific supply facilitators.

Summarised by Beize from a story on The Economic Times on 9 May 2026
Petrol Diesel Prices Today Stable in Most Cities as Next Week Hike Rumours Spread

Petrol Diesel Prices Today Stable in Most Cities as Next Week Hike Rumours Spread

Petrol and diesel prices stayed steady across most major Indian cities on Saturday even as global crude oil firmed up amid geopolitical tensions. Oil marketing companies and the government have been absorbing higher costs for over two months to avoid retail hikes, but the cushion is reportedly running thin. Watch Delhi, Mumbai and Gurugram for what comes next week.

Summarised by Beize from a story on The Economic Times on 9 May 2026
IPL 2026 Four arrested for fake tickets using ChatGPT and CorelDRAW outside Ekana stadium

IPL 2026 Four arrested for fake tickets using ChatGPT and CorelDRAW outside Ekana stadium

Lucknow police arrested four members of an interstate gang accused of selling counterfeit IPL tickets outside Ekana Cricket Stadium during RCB vs LSG. The gang allegedly pulled images of genuine tickets from social media and used ChatGPT and CorelDRAW to replicate ticket dimensions, paper quality, and design, facilitating large-scale fake sales. Police are investigating the full network.

Summarised by Beize from a story on The Economic Times on 9 May 2026
Vice Admiral Krishna Swaminathan appointed new Chief of Naval Staff as Tripathi retires May 31

Vice Admiral Krishna Swaminathan appointed new Chief of Naval Staff as Tripathi retires May 31

The Ministry of Defence has appointed Vice Admiral Krishna Swaminathan as the next Chief of the Naval Staff. He takes over as Admiral Dinesh Kumar Tripathi’s tenure ends with retirement on May 31. Swaminathan, commissioned into the Indian Navy in 1987, is noted for specialization in Communication and Electronic Warfare, a key focus for modern maritime strategy.

Summarised by Beize from a story on Republic on 9 May 2026
SEBI introduces 30 day lag for stock data to stop misuse and keep investor education fresh

SEBI introduces 30 day lag for stock data to stop misuse and keep investor education fresh

SEBI has announced a new rule that puts a 30 day lag on the availability of market price data for listed companies, starting July 1, 2026. The goal is to reduce misuse of exchange data while ensuring investor education and awareness material stays up to date. The National Institute of Securities Markets has been granted a special exemption.

Summarised by Beize from a story on The Economic Times on 9 May 2026
Trump eyes Project Freedom plus to escort Hormuz ships if Iran deal fails

Trump eyes Project Freedom plus to escort Hormuz ships if Iran deal fails

US President Donald Trump said his administration could revive Project Freedom, a maritime security effort for the Strait of Hormuz, and potentially broaden it into “Project Freedom plus” if an Iran deal is not reached. The shift follows a temporary pause requested by Pakistan and others, who pointed to military gains and movement toward an agreement.

Summarised by Beize from a story on The Economic Times on 9 May 2026
Geopolitical tensions pull stocks down as Nifty holds on to weekly green

Geopolitical tensions pull stocks down as Nifty holds on to weekly green

Indian markets ended lower on Friday as renewed US-Iran tensions hit sentiment, while investors weighed possible fallout for corporate earnings and input costs. Even as Nifty 50 and Sensex dipped during the day, weekly gains held firm, aided by a drop in oil prices. Sector performance was uneven, with banking stocks under pressure.

Summarised by Beize from a story on The Economic Times on 9 May 2026
Citi downgrades India to underweight as geopolitical pressure weighs on earnings outlook

Citi downgrades India to underweight as geopolitical pressure weighs on earnings outlook

Mumbai Citi has downgraded India to underweight, pointing to persistent macroeconomic and geopolitical risks and a softer earnings outlook. The brokerage still expects about 11.7% upside for the Nifty, targeting 27,000, but says its FY27-28 earnings forecasts factor in the impact of the Iran War. It prefers banks, telecom, defence and pharma.

Summarised by Beize from a story on The Economic Times on 9 May 2026
Vice Admiral Krishna Swaminathan appointed India Navy chief as Tripathi retires May 31 2026

Vice Admiral Krishna Swaminathan appointed India Navy chief as Tripathi retires May 31 2026

Vice Admiral Krishna Swaminathan has been appointed as the next Chief of the Naval Staff, taking over from Admiral Dinesh Kumar Tripathi, who will retire on May 31, 2026. Swaminathan, a decorated officer with strong operational and staff experience, previously served as the Vice Chief of the Naval Staff. The move signals a key leadership transition for the Indian Navy.

Summarised by Beize from a story on The Economic Times on 9 May 2026
SEBI allows ESOP holders to pledge shares during trading window closures

SEBI allows ESOP holders to pledge shares during trading window closures

SEBI has clarified that employees exercising ESOPs at listed companies can pledge the shares to raise funds even during trading window closures. The move aims to support genuine financing needs for exercising vested options, offering regulatory comfort for such trades. But the change does not remove contra-trade restrictions for lenders who later invoke the pledged shares.

Summarised by Beize from a story on The Economic Times on 9 May 2026
White House moves to fire FDA chief Marty Makary as acting commissioner choice emerges

White House moves to fire FDA chief Marty Makary as acting commissioner choice emerges

The White House has reportedly signed off on a plan to fire U.S. FDA Commissioner Marty Makary, signaling a potential leadership shake-up at the federal health agency. Sources say the White House is considering naming FDA Deputy Commissioner Kyle Diamantas, who oversees the agency’s food division, as acting commissioner. The move follows heightened fallout tied to controversial drug, abortion, and vape issues.

Summarised by Beize from a story on Republic on 9 May 2026
Suvendu Adhikari to be sworn in as West Bengal first BJP CM today after 207 seat win

Suvendu Adhikari to be sworn in as West Bengal first BJP CM today after 207 seat win

Suvendu Adhikari will take oath as West Bengal’s first BJP Chief Minister on Saturday, following the party’s decisive Assembly election win with 207 seats. The swearing-in in Kolkata will bring Union Ministers and multiple Chief Ministers from BJP-ruled states to the event, underscoring the national weight of the moment.

Summarised by Beize from a story on The Economic Times on 9 May 2026
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