Stories from earlier this week and beyond.
A viral clip from Khambhaliya village near Junagadh shows folk singer Gopal Sadhu nearly buried under piles of currency notes during a traditional Gujarati Dayro. Devotees kept showering him with bundles and sacks of cash while he played harmonium and continued his bhajans without interruption. The calm performance amid the chaos stunned viewers across Instagram and X, sparking jokes, concern, and debate about whether such cash showers are cultural appreciation or public displays of wealth.
In a tense Supreme Court hearing, CJI Surya Kant sharply reprimanded advocate Sanjay Dubey while he sought contempt action over alleged delay by the Delhi High Court in granting him senior advocate designation. The Bench questioned Dubey’s pursuit of status and his social media conduct. Kant went further, comparing some unemployed youth and related activist or media voices to “cockroaches” and accusing them of attacking institutions. He also raised doubts about fake law degrees and hinted at possible CBI action. The plea was withdrawn after an apology.
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Indian gems and jewellery exports fell 9.07% in April 2026 to US$ 2,448.53 million (Rs. 20,952.26 crore), as geopolitical tensions in West Asia pushed buyers toward caution. Cut and polished diamond exports dropped 19.65%, even as cut diamond imports rose sharply on replenished stocks and hopes of global demand recovery. Plain gold jewellery exports fell 47.06% amid high gold prices, while studded gold, silver, and platinum segments posted strong growth.
India is exploring Deposit Refund Schemes (DRS) as a potential shift from plastic-waste policy to everyday consumer action. Under DRS, buyers pay a small refundable deposit on eligible packaged products, tracked via unique QR codes, and receive the money back when they return empty packaging to authorised collection points. The aim is higher collection rates and stronger recycling across plastics, glass, and metals, but success hinges on integrating India’s informal waste sector and accommodating the common household habit of reusing containers before disposal.
China Media Group said it has struck a FIFA broadcasting deal covering four World Cup tournaments, ending a rights standoff less than a month before the 2026 men’s World Cup begins in the US, Mexico and Canada. The package includes men’s events in 2026 and 2030 and Women’s World Cups in 2027 and 2031, with exclusive media and sub-licensing rights in mainland China. It spans free-to-air and paid TV plus online and mobile distribution, but financial terms remain undisclosed.
FIFA has unveiled the official song for the 2026 World Cup, “Dai Dai,” created by Shakira and Nigerian star Burna Boy. FIFA described the track as a high-energy celebration blending global sounds with football, culture, and unity. The song is available on major streaming platforms, and FIFA says royalties will support the FIFA Global Citizen Education Fund. FIFA also confirmed a star-studded final halftime show on July 19 in New Jersey headlined by Madonna, Shakira, and BTS, as the US, Canada, and Mexico host the tournament.
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Crypto fraud is mutating fast, with synthetic voice cloning, bot-driven social engineering, and AI-crafted impersonations making old defenses look outdated. Binance says it has rebuilt risk management around predictive AI, deploying machine learning at massive scale to intercept fraudulent transactions and protect users. In a reported 12-month window, it claims to have blocked $10.53 billion in scams and shielded 5.4 million users, while also pushing user education as a “human firewall” against increasingly persuasive scams.
NABARD has acquired leasehold rights to a prominent two-building commercial campus in Mumbai’s Bandra-Kurla Complex from MTNL in a Rs 350.72 crore deal. The property spans nearly two-thirds of an acre with about 43,287 sq ft of built-up area across two buildings. An initial 80-year lease granted in 1998 runs until around April 2078; after MMRDA approvals, NABARD receives the remaining nearly 52 years. Registration in May attracted stamp duty of over Rs 21 crore.
On 15 May 2026, India’s startup scene saw fresh capital across mobility, consumer brands, and healthtech. Rapido raised $240 million in a primary round led by Prosus, valuing the ride-hailing firm at $3 billion, as part of a larger $730 million transaction. Consumer toy brand Legend of Toys bagged ₹21 crore in a pre-Series A. D2C sweetener brand The Sweet Change raised ₹70 lakh. Meanwhile, Flipkart deferred its IPO to 2028, and Innovaccer cut 340 jobs during an AI shift.
SEBI has approved IPO plans for Neolite ZKW Lightings, Aspri Spirits and SS Retail, clearing the way for the trio to tap India’s primary market. Neolite ZKW Lightings will raise Rs 600 crore via a Rs 400 crore fresh issue and Rs 200 crore OFS, funding a greenfield facility in Kancheepuram, expansion and debt repayment. Aspri Spirits seeks up to Rs 140 crore through a fresh issue plus OFS. SS Retail plans a Rs 500 crore IPO with Rs 300 crore fresh shares and up to Rs 200 crore OFS.
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Monika Alcobev, a premium alcohol importer and distributor, reported a 22% rise in March quarter net profit to Rs 22.32 crore, alongside 21.36% revenue growth to Rs 184.28 crore. For FY26, profit climbed 39% to Rs 32.14 crore, while total income grew 30.21% to Rs 310.36 crore. The company credited demand for premium tequila and agave spirits, Irish and Japanese whisky, gin, imported wines and liqueurs, plus strong double-digit growth across key markets including Delhi, Haryana and Maharashtra. It also expanded into Kerala and said it was largely unaffected by Middle East supply chain disruptions thanks to proactive procurement.
South Korea’s Kospi plunged 6% on Friday after a historic rally pushed valuations and positioning to extremes, briefly topping 8,000 for the first time. The rebound had been powered by AI-linked memory-chip demand, concentrated in Samsung Electronics and SK Hynix. Once foreign investors began booking profits, the decline accelerated because the index’s gains depended heavily on those same stocks. Samsung fell nearly 9% and SK Hynix slid 8%, while global risk concerns and higher bond yields added pressure.
Singapore Airlines CEO Goh Choon Phong said Air India’s turnaround is a “long game” with no quick fixes, blaming “largely external” pressures. In SIA’s briefing on its fiscal 2025-26 results, he pointed to Pakistan airspace closure for over a year, rupee depreciation, supply-chain disruptions, Middle East conflict, and post-AI171 crash capacity constraints. Air India posted losses of more than SGD 3.56 billion (over Rs 26,700 crore) for FY ended March 2026, while SIA highlighted workforce changes as part of Air India’s multi-year transformation.
The Central Information Commission has instructed the Lok Sabha Secretariat to revisit its refusal to share invoices for electronic procurement worth Rs 1.7 crore in 2021-22. An RTI applicant sought bill copies and spending details for computer hardware and peripherals, including laptops, printers, scanners, UPS systems and tablets. While item-wise expenditure was provided, invoices were withheld under the claim that disclosure would harm a third party’s competitive position. The CIC ruled the denial was unreasoned and unsubstantiated under Section 11, ordering either invoice disclosure or a revised explanation, with penalties possible for non-compliance.
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BRICS diplomats met in Delhi but failed to agree on a joint statement after two days of talks, forcing India to issue only a chair’s statement that laid bare deep divisions. The dispute centered on the Middle East conflict involving Iran, with Tehran accusing the UAE of direct involvement and blaming U.S. ally actions on Iranian soil. Iran said a BRICS member blocked parts of the final language. Despite gaps, BRICS reiterated calls for diplomacy, international law, and unity among the Global South.
Ishan Kishan received a Rs 1 crore cheque from Bihar Chief Minister Samrat Choudhary in Patna, honouring his contribution to India’s 2026 ICC T20 World Cup-winning campaign. The 27-year-old, with roots in Nawada and early childhood in Patna, was greeted as the “son of Bihar” and also received a stole and memento. Officials including Chief Secretary Pratyay Amrit attended. Later that same day, Kishan played for Sunrisers Hyderabad, which collapsed against Gujarat Titans and was bowled out for 86.
A viral Reddit post has ignited a fierce debate on toxic parenting in India after a student claimed their father reacted violently to poor CBSE Class 12 results. The student alleged the father smashed their laptop, took away their room and bed, and forced them to sleep on the floor, while describing verbal, physical, mental, and emotional abuse. Commenters criticized fear-based approaches that intensify anxiety and shame, urging guidance and emotional support instead of punishment when marks disappoint.
India’s foreign exchange reserves climbed by $6.295 billion to $696.988 billion in the week ended May 8, the RBI said. The previous week saw reserves fall by $7.794 billion to $690.693 billion. The increase was driven by higher foreign currency assets, which rose by $562 million to $552.387 billion, and a major $5.637 billion jump in gold reserves to $120.853 billion. SDRs and India’s IMF reserve position also edged up.
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Wipro says it has completed its acquisition of Olam Group’s IT and digital services unit Mindsprint after receiving the required regulatory approvals. The deal, first announced on April 6, 2026, was part of Wipro’s eight-year transformation win from Olam, a Singapore-headquartered food and agri-business backed by Temasek. The combined push targets AI-powered, IP-led transformation across farming, forecasting, trading, supply-chain operations, and customer engagement, with Mindsprint’s domain expertise and product suite joining Wipro’s Intelligence platform.
In December 1888, ranch cowboys Richard Wetherill and Charles Mason stumbled upon Cliff Palace in Colorado’s Mesa Verde National Park, revealing the largest cliff dwelling there. The ancestral Pueblo community had stood in sandstone alcoves for roughly 700 years, “visible yet protected” by steep canyon geography. Unlike organized archaeology, the discovery came through routine exploration. Cliff Palace’s scale—around 150 rooms and 23 kivas—made it a defining North American archaeology site.
India’s first fuel price hike in four years is just a breather, not an end to rising costs. State refiners raised diesel and gasoline by only Rs 3 a litre, aiming to soften household impact while global crude stays above $100. But refiners are still bleeding money and want much larger adjustments—officials say losses top Rs 10 billion a day. The government is also pushing conservation measures and delaying larger increases, with more rises likely if the Persian Gulf conflict drags on.
Emilia Clarke, who became a fan favorite as Daenerys Targaryen on Game of Thrones, revealed how her own near-death experience mirrored the show’s tragedy. Soon after finishing filming the first season in 2011, she collapsed after sensing a developing headache and learned she’d suffered a ruptured aneurysm. After a “very painful” first surgery and a second in 2013, she says she felt her chances of surviving were precarious, and even told herself she was “meant to die” while continuing to work.
Karnataka will begin a Special Intensive Revision (SIR) of electoral rolls on June 30, deploying more than 59,000 Booth Level Officers for door-to-door verification statewide. After training from June 20 to June 29, BLOs will visit households until July 29 to verify voter details, distribute enumeration forms, and update the grassroots electoral roll. Each voter receives two copies of the form, with options to sign or give a thumb impression, and any absent voter can be covered by an adult family member.
Air Chief Marshal A P Singh said unmanned aerial systems are no longer “eyes in the sky” but an extension of air power—“claws in the sky”—driving decentralised, autonomous warfare. He stressed complete domain awareness and “total coordination” among the three services sharing the same airspace, citing the March 1 Kuwait fratricide involving F-15E Strike Eagles. Singh also urged faster innovation in counter-UAS, highlighting Operation Sindoor’s integrated command and control, and the need for scalable, low-cost defences.
The Pentagon has canceled a planned temporary deployment of 4,000 U.S.-based troops to Poland, two officials told Reuters, adding new uncertainty to President Donald Trump’s anticipated troop cuts in Europe. The decision arrives only weeks after the Pentagon said it would withdraw 5,000 troops from NATO ally Germany. Polish Prime Minister Donald Tusk said he received assurances that security and deterrence would not be affected, with U.S. officials framing it as logistics for a larger Germany drawdown.
Public sector banks in India recorded loan write-offs at multi-year lows in FY25-26, driven by fewer new problem loans and stronger recoveries from existing stressed assets. PTI analysis of earnings showed most PSUs had write-offs lowest in up to eight years, including Bank of Baroda and Punjab National Bank. The shift also coincided with improved asset quality, with gross and net NPA ratios falling to 1.93% and 0.39% by March 31, 2026, alongside sharply higher recoveries and record profitability.
Citing the Union government’s fuel conservation directive amid the West Asia conflict, the Supreme Court has issued immediate administrative steps. A May 15, 2026 circular mandates that all matters listed on miscellaneous days—Mondays, Fridays, or declared miscellaneous days—and partial working days be heard through video-conferencing. It also pushes car-pooling among judges and allows Registry staff to work from home up to two days weekly for up to 50% of staff per section, on rotation.
Globbel has officially launched a unified cross-border ecommerce platform aimed at helping brands expand internationally across 16 markets in weeks rather than years. The system combines logistics orchestration, localized payments, tax and regulatory compliance, and marketplace or D2C storefront integrations into a single operating layer—built on Stelcore infrastructure that supports thousands of brands.
Tamil Nadu Chief Minister Vijay drew attention online after a white towel, long used as a quiet marker of “VIP” status in Indian offices, was reportedly removed from his official chair. The trigger: climate activist Licypriya Kangujam, 14, urged him to end the practice on social media, calling it outdated hierarchy culture. Photos from a meeting then showed Vijay seated without the towel, prompting her to thank him. The episode reignited debate over whether such symbolic traditions still belong in modern governance.
Chennai Super Kings have signed domestic pacer Kuldip Yadav for ₹30 lakh as cover for injured Khaleel Ahmed, ruled out with a right quadricep injury suffered against Kolkata Knight Riders on April 16. Royal Challengers Bengaluru have added English fast bowler Richard Gleeson for ₹1.6 crore for the rest of IPL 2026 after Nuwan Thushara withdrew due to injury concerns. Thushara also pulled his legal case against Sri Lanka Cricket, saying much of the tournament had already passed.
U.S. stock futures tracking the Nasdaq and S&P 500 dropped more than 1% as Treasury yields jumped amid rising inflation worries tied to the Middle East conflict. The 10-year Treasury yield hit 4.54%, the highest since early June 2025, while bond markets priced in faster rate hikes and weaker growth. Even after Wall Street’s AI-fueled record closes, Brent crude climbed almost 3% to about $109 as the Strait of Hormuz remained closed, pressuring oil-heavy sectors like airlines.
The Indian rupee slid to an all-time low of 96.14 against the US dollar on Friday, fueled by foreign fund outflows and a stronger dollar index (99.28). The bigger trigger was Brent crude jumping to $109.20 per barrel after shipping disruptions in the Strait of Hormuz. While experts urge citizens not to panic, they warn of a gradual squeeze on wallets as higher energy import costs ripple into transport, logistics, and ultimately food and essentials.
Petrol prices have climbed across India’s major metros, with the sharpest jump in Kolkata and smaller hikes in Chennai, while CNG costs rose by Rs 2 in only Delhi and Mumbai. For drivers covering 1,000 km monthly, the change can mean a few hundred to a few thousand rupees in extra fuel spending depending on mileage and fuel type. Still, calculations show CNG cars remain notably cheaper than petrol cars even after the increase.
The Indian Air Force’s Base Repair Depot in Nashik has completed an indigenous overhaul of the Indian Navy’s MiG-29K ejection seat, a job previously carried out in Russia. The refurbished seat was handed over to the Navy in a ceremony attended by Air Marshal Yalla Umesh and senior Maintenance Command officials. The IAF says the move strengthens Atmanirbharta in defence manufacturing and maintenance. Separately, Defence Minister Rajnath Singh laid foundation stones in Andhra Pradesh for AMCA integration and naval systems projects.
India is deploying emergency measures to shield the economy from Iran war fallout. State oil refiners raised gasoline and diesel prices by over 3% after crude surged, while authorities tightened gold import rules and temporarily banned sugar exports. Delhi government staff were asked to work from home twice a week to conserve fuel. With the rupee slipping past 96 per dollar, a widening trade deficit, and foreign investor outflows, officials are also exploring incentives for foreign bond investors.
Walmart-owned Flipkart has indefinitely paused its IPO plans, citing heightened market volatility, a crowded slate of upcoming listings, and weak investor appetite for a still-loss-making company. The move follows PhonePe’s $1.3 billion IPO postponement and comes as geopolitical shocks are blamed for further market jitters. Instead, Flipkart is pouring resources into quick commerce via Flipkart Minutes, expanding by nearly 100 stores a month since March and targeting 1,100–1,200 stores by July 2026.
Saif Ali Khan’s Netflix crime drama Kartavya, released May 15, has drawn mixed but largely positive chatter on X. Viewers praised his grounded, restrained portrayal of an honest village cop battling corruption and caste politics, plus standout work from Rasika Dugal and Sanjay Mishra. The film’s dark atmosphere and parallel emotional conflicts drew approval, but multiple users said the screenplay feels predictable and uneven, with weak villain impact and pacing issues despite a promising premise.
Bumble is preparing a major overhaul of how people date on its app, starting with the removal of the iconic left-right swipe. The company says swiping will disappear in select markets by Q4 as part of “the next Bumble,” aimed at authenticity, AI-assisted matchmaking, and reducing dating fatigue. Bumble founder Whitney Wolfe Herd links the change to growing exhaustion and reports of low-quality matches, spam, and fake profiles, while insisting AI won’t be used to falsify who users are.
Medicare has launched a payment model that could accelerate AI’s leap from pilots to routine care. Instead of paying mainly for clinic visits or clinician time, the ACCESS programme rewards organizations with predictable funding for measurable health outcomes, paying the full amount only when patients improve. This shift creates room for tools that manage follow-ups, monitoring, referrals, and medication between appointments. One early participant, Pair Team, supports patients facing chronic disease and instability through tech-enabled, continuous coordination.
A Delhi court sent NEET paper leak accused Dhananjay Lokhande to six days of CBI custody, allowing the agency’s plea for custodial interrogation. The CBI said Lokhande received the leaked paper from another accused, Manisha Baghmare, and then gave it to co-accused Shubham. The probe aims to uncover a larger conspiracy, with investigation still at an early and crucial stage. Earlier, five other accused were remanded to seven days in CBI custody.
The Delhi High Court has asked the Competition Commission of India to avoid passing any final order in its antitrust probe into Apple’s App Store practices. The bench, citing possible complications, noted that Apple’s separate legal challenge to India’s competition penalty framework is still pending. After the court’s direction, CCI assured it would not issue a final decision. The dispute escalated as Apple challenged the regulator’s push for global financial records and CCI’s May 21 final hearing schedule.
IIT Hyderabad has teamed up with DRDO’s Defence Metallurgical Research Laboratory (DMRL) and Hyderabad-based Innomet Advanced Materials to develop India’s first large-scale 100 kg inert gas atomizer. Funded through DRDO’s DIA Centre of Excellence at IIT BHU, the project will create high-purity spherical alloy powders for aerospace, defence, additive manufacturing, and strategic applications. Set up at Innomet’s premises, the facility will also support DRDO and IIT Hyderabad research for five years and scale from an earlier 10 kg success.
The Union government has extended timelines for a global tender under a Rs 7,280-crore scheme aimed at boosting domestic manufacturing of sintered rare earth permanent magnets. Bid submission now ends on June 29, up from May 28, while technical bids will be opened on June 30, 2026 instead of May 29. The response to bidder queries will be issued on June 9. Approved by the Cabinet in November 2025, the programme targets 6,000 MTPA of integrated magnet capacity, cutting import dependence across EVs, wind, electronics, and defence.
Indian Oil says domestic petrol and diesel rose only marginally—about Rs 3 per litre—after global pressures, with the company maintaining supply security by running its refineries at more than 100% capacity. IOCL Director (Refineries) Arvind Kumar said 10 refineries are operating round the clock to avoid any “crisis” at retail outlets. Separately, IOCL is backing long-term energy shifts, including providing two hydrogen-powered buses to Delhi Metro that run with green hydrogen from its Faridabad R&D centre.
HIPAA-compliant video platform AONMeetings is ramping up in India with a master channel partnership through 3F Magnus Tech that activates a network of 450 partners. At the same time, it will launch AON Room License on May 15, 2026: a browser-based conferencing room subscription that requires no proprietary codecs or device installs, aiming to make enterprise video easier and cheaper for regulated and mid-market customers.
The Delhi High Court has directed the Competition Commission of India (CCI) to refrain from issuing any final order against Apple until July 15. The move follows Apple’s challenge to an amended Competition Act that enables penalties based on global turnover, not just turnover from relevant services. While the court allowed CCI to proceed with the investigation, it stressed that issuing a final, appealable order could make Apple’s petition against the amendment ineffective.
The CBI is actively investigating alleged NEET (UG) paper leaks, conducting fresh questioning in Latur, Maharashtra. Investigators visited and questioned Shivraj Motegaonkar, director of Renukai Chemistry Classes, at his residence in Omkar Residency, with a 28-member team currently camping in the city. Earlier, the agency detained a retired chemistry faculty member tied to the paper-setting committee. The NEET (UG) 2026 exam on May 3 was cancelled on May 12. Police inquiry began after a complaint alleging 42 mock test questions matched NEET.
India’s unemployment rate stayed broadly stable at 5.2% in April 2026, according to the government’s Periodic Labour Force Survey monthly bulletin. The figure barely moved from 5.1% in March and matched April 2025 levels. Rural unemployment edged up to 4.6% from 4.3%, while urban unemployment slipped slightly to 6.6% from 6.8%. Labour force participation fell to 55.0%, with female LFPR declining too, and the worker population ratio eased modestly.
Forecasters are warning that a powerful Super El Niño could form in 2026, following the decline of current La Niña conditions. Reports cite around a 70% chance of El Niño developing by June, with major climate agencies linking El Niño to higher global temperatures and major weather disruption. If a super event emerges, experts fear India’s monsoon could weaken, with rainfall potentially falling to about 92% of the long-period average, straining agriculture worldwide and fueling food inflation.
Russian Foreign Minister Sergey Lavrov brought an unexpected burst of humor to the BRICS Foreign Ministers’ Meeting in New Delhi on Thursday after confronting a man using a phone nearby. Lavrov first asked him to step away, then sharpened his tone when he didn’t comply. Staff reportedly tried to take the device as the man resisted. Breaking the tension, Lavrov added that if the phone wasn’t surrendered, “they will take out the gun,” prompting laughter as the serious diplomatic session continued. Videos went viral.
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