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Stories from earlier this week and beyond.

Vehicle bomb and gunbattle kills eight Pakistani troops as militants storm border outpost in Bajaur

Vehicle bomb and gunbattle kills eight Pakistani troops as militants storm border outpost in Bajaur

Militants in Pakistan’s northwest stormed a security outpost in Bajaur district, ramming an explosives-laden vehicle into the camp and then launching a gun battle. Officials said at least eight troops were killed and 35 injured after the Thursday night attack, which followed several militant incidents in recent days. Pakistan blamed Afghanistan for allegedly harboring militant groups, while Kabul rejected the accusation. The Tehreek-e-Taliban Pakistan claimed responsibility.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Blackstone and CD&R weigh Magnum bids after Unilever spinout as shares wobble

Blackstone and CD&R weigh Magnum bids after Unilever spinout as shares wobble

Blackstone and CD&R are reportedly considering bids for Magnum Ice Cream Company, less than six months after Unilever spun the brand out. The firms are watching Magnum’s share price, which has slipped from an early-year peak of 16.5 euros to around 13 euros, near its IPO level. They also plan to wait for the company’s summer sales results, a key revenue period. Unilever still holds a 19.9% stake and plans to exit within five years.

Summarised by Beize from a story on The Economic Times on 15 May 2026

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Trump delegation reportedly tossed all Chinese electronics before boarding Air Force One in Beijing

Trump delegation reportedly tossed all Chinese electronics before boarding Air Force One in Beijing

Multiple media reports say Trump’s Beijing press team brought nothing from China aboard Air Force One, discarding Chinese-provided press badges, burner phones, and delegation pin badges before boarding. Experts link the move to concerns about China’s cyber-espionage capabilities and the risk of hidden “bugs” that could compromise sensitive information. The disposal contrasts with the trip’s celebratory optics, including Xi meetings, trade talks on Boeing and soybeans, and a last-minute AI discussion with Nvidia CEO Jensen Huang.

Summarised by Beize from a story on Republic on 15 May 2026
Deschamps Names France World Cup Squad With Mbappe Dembélé And Shock Risser Call-Up

Deschamps Names France World Cup Squad With Mbappe Dembélé And Shock Risser Call-Up

Didier Deschamps has unveiled France’s star-studded FIFA World Cup squad, packed with attacking power including Kylian Mbappé, Ousmane Dembélé and rising talents. The biggest surprise is goalkeeper Robin Risser, rewarded after a breakthrough season with Lens and named Ligue 1’s best goalkeeper earlier this week. Risser joins as the No.3 behind Mike Maignan and Brice Samba. France begin Group I against Senegal, Iraq and Norway in Canada, Mexico and the United States.

Summarised by Beize from a story on Republic on 15 May 2026
Ravi Shastri names Sanju Samson frontrunner for India T20 captaincy in two to three years

Ravi Shastri names Sanju Samson frontrunner for India T20 captaincy in two to three years

Former India coach Ravi Shastri believes Sanju Samson should be on the shortlist for India’s next T20I captaincy within the next two to three years. Speaking after the ICC Men’s T20 World Cup win, Shastri pointed to Samson’s Player of the Tournament award and his sustained impact in IPL seasons, including Rajasthan Royals’ leadership. He also suggested the team may look beyond Suryakumar Yadav by 2028, when the current skipper will be 37, praising Samson’s maturity and destructive batting.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Robin Singh quits Mumbai Indians after five IPL titles ending MI Emirates role in ILT20

Robin Singh quits Mumbai Indians after five IPL titles ending MI Emirates role in ILT20

Former India all-rounder Robin Singh has officially parted ways with Mumbai Indians, ending an association that began in 2010. In a post on X, he confirmed that while he stepped away from the franchise’s IPL support staff in 2022, his role in the overseas setup—including MI Emirates in the UAE’s ILT20—also ended this year. Singh credited the MI family and fans, after helping Mumbai win five IPL titles and two Champions League T20 trophies.

Summarised by Beize from a story on The Economic Times on 15 May 2026

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Lavrov Says Russian Oil to India Has Surged as US Targets Energy Market Control

Lavrov Says Russian Oil to India Has Surged as US Targets Energy Market Control

Russian Foreign Minister Sergey Lavrov said Russian crude exports to India have increased, citing published records and insisting the trend depends on Indian buyers rather than Moscow alone. His comments came during the BRICS Foreign Ministers’ Meeting in New Delhi, where he also accused the US of trying to monopolize global energy markets and sideline Russian firms like Lukoil and Rosneft. The remarks land as India continues purchasing discounted Russian oil despite Western sanctions and regional turbulence in West Asia.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Coal India dissolves solar manufacturing unit ending 4 GW integrated panel plans

Coal India dissolves solar manufacturing unit ending 4 GW integrated panel plans

Coal India has dissolved its solar manufacturing subsidiary, CIL Solar PV Ltd, effectively shutting down plans to enter integrated solar photovoltaic manufacturing via a special-purpose vehicle. A regulatory filing says the company’s name was removed from the Register of Companies under the Companies Act, 2013, after a Ministry of Corporate Affairs public notice in April 2026. The move ends a proposed 4 GW domestic manufacturing push aimed at reducing reliance on imported solar equipment, though Coal India says it will keep investing in renewables.

Summarised by Beize from a story on Startup Talky on 15 May 2026
40 percent burnt at two Arjun beats bullying and fights again after NEET UG 2026 cancellation

40 percent burnt at two Arjun beats bullying and fights again after NEET UG 2026 cancellation

Arjun, from Assam, suffered a devastating burn accident during Diwali at age two, leaving nearly 40% of his upper body injured. Doctors offered little hope, prompting his family to sell everything and move from Assam to Delhi for advanced treatment, followed by multiple surgeries. After his appearance gradually improved, he faced years of bullying at school, though his twin brother stood by him. Arjun then dedicated himself to NEET UG 2026 for a future as a plastic surgeon—until the exam was cancelled amid paper leak allegations. He’s now preparing again.

Summarised by Beize from a story on The Economic Times on 15 May 2026
CCPA fines two coaching institutes Rs 15 lakh for misleading JEE NEET success ads

CCPA fines two coaching institutes Rs 15 lakh for misleading JEE NEET success ads

The CCPA has fined Motion Education and Career Line Coaching Rs 10 lakh and Rs 5 lakh, respectively, over misleading JEE and NEET result advertisements. The regulator said the institutes used students’ names, photos and ranks in promotions while concealing key details about what programmes those students actually took. Investigators found many featured successes were enrolled in free online courses or test-series only, and some joined after exams ended. The orders were challenged at the NCDRC.

Summarised by Beize from a story on The Economic Times on 15 May 2026

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NIA chargesheet details Ansar Ghazwat-ul-Hind shift to tech led urban terror using doctor module

NIA chargesheet details Ansar Ghazwat-ul-Hind shift to tech led urban terror using doctor module

The NIA chargesheet says Ansar Ghazwat-ul-Hind has evolved from a forest insurgency model into a technology driven urban terror network. Intelligence cited in the document attributes the shift to Pakistan-based handlers who replaced the Zakir Musa era’s visual propaganda with a pan-India digital system built to link Kashmir militancy to wider global jihadist goals. Investigators also describe a doctor terror module tied to Umer Un Nabi and allege encrypted recruitment bypassed traditional command structures, with AQIS and ISI influence.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Odisha SIR electoral roll drive runs May 30 to June 28 with final list out September 6

Odisha SIR electoral roll drive runs May 30 to June 28 with final list out September 6

The Election Commission will run a month-long Special Intensive Revision (SIR) of electoral rolls in Odisha from May 30 to June 28, with training for booth-level officers and agents held from May 20 to 29. Booth-level officers will conduct door-to-door verification, while rationalisation of polling stations will be completed by June 28. Draft rolls will be published on July 5, and claims and objections can be filed until August 4, leading to final rolls on September 6.

Summarised by Beize from a story on The Economic Times on 15 May 2026
ICICI Prudential reshuffles April stock picks adding HDFC Bank while cutting RIL and Infosys

ICICI Prudential reshuffles April stock picks adding HDFC Bank while cutting RIL and Infosys

ICICI Prudential Mutual Fund, managing Rs 11.72 lakh crore across 272 funds, reshuffled its top holdings in April, according to Motilal Oswal Financial Services. HDFC Bank emerged as the biggest gainer, with its allocation rising to about 6.7% after adding roughly 2.59 crore shares. ICICI Bank slipped slightly even as shares were added. Meanwhile, RIL and Infosys saw weight reductions, alongside trimming in Bharti Airtel and NTPC. The changes also included select additions to Axis Bank and Maruti Suzuki.

Summarised by Beize from a story on The Economic Times on 15 May 2026
SC orders Bengaluru court to fast track Renukaswamy murder trial involving actor Darshan

SC orders Bengaluru court to fast track Renukaswamy murder trial involving actor Darshan

The Supreme Court has directed the Bengaluru trial court to expedite the Renukaswamy murder case involving actor Darshan and others, noting the trial’s progress is “very slow.” The apex court pointed out that charge framing occurred on November 3, 2025 and that in seven months only 10 witnesses have been examined. With the prosecution aiming to examine around 60 priority witnesses, the SC warned that if substantial progress doesn’t occur in one year, it will intervene. It also ordered Karnataka to ensure full undertrial amenities.

Summarised by Beize from a story on The Economic Times on 15 May 2026

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Kospi collapses 6% after 8,000 breakout as Samsung strike fears trigger fast unwind

Kospi collapses 6% after 8,000 breakout as Samsung strike fears trigger fast unwind

South Korea’s Kospi whipsawed sharply, briefly crossing the historic 8,000 level before plunging more than 6% as tech stocks sold off and foreign investors exited. The index erased its early gains to close at 7,493.18, while the Kosdaq fell over 5%. Samsung Electronics became the focal point after its union approved an 18-day strike starting May 21, even as the company offered fresh wage talks. The shock spread across Asian markets amid geopolitical noise and renewed US Iran pressure.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Gold crashes 13% in weeks as yields and dollar surge after Hormuz shock

Gold crashes 13% in weeks as yields and dollar surge after Hormuz shock

Gold prices are tumbling sharply, falling over 13% since the U.S.-Iran conflict escalated on February 28. Spot gold dropped 2% to around $4,557 per ounce, the lowest in weeks, with losses extending for a fourth straight session. The move is being blamed on rising oil prices fueling renewed inflation fears, higher U.S. Treasury yields, and a stronger dollar. Markets have also grown more skeptical about near-term rate cuts, weighing on the non-yielding metal.

Summarised by Beize from a story on The Economic Times on 15 May 2026
FSSAI grills Blinkit over poor egg quality complaints demanding an action report within a week

FSSAI grills Blinkit over poor egg quality complaints demanding an action report within a week

India’s food regulator FSSAI has asked quick-commerce firm Blinkit to explain complaints that poor-quality eggs were sold on its platform. The watchdog took suo-moto cognisance of consumers’ social media complaints and wrote to Blink Commerce Pvt Ltd, seeking a comprehensive action taken report within one week. Complainants alleged bad odor and a rubber-like texture. FSSAI also warned that e-commerce food operators must ensure online listings match physical labels and that sellers display valid FSSAI licenses or registrations.

Summarised by Beize from a story on The Economic Times on 15 May 2026
VCK chief D Ravikumar challenges TVK on appointing rebel AIADMK MLAs as ministers

VCK chief D Ravikumar challenges TVK on appointing rebel AIADMK MLAs as ministers

VCK general secretary D Ravikumar has urged Tamil Chief Minister Vijay’s TVK government to avoid appointing breakaway AIADMK MLAs as ministers. After 25 rebel MLAs backed the TVK during a recent trust vote, Ravikumar warned that defying the AIADMK whip could invite disqualification under the Tenth Schedule, even if there is no immediate constitutional bar on minister appointments. He also questioned whether the public would accept such defections and re-elect those lawmakers under a different banner.

Summarised by Beize from a story on The Economic Times on 15 May 2026

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UAE brands attack on Indian flagged ship off Oman as terrorism amid Hormuz shipping fears

UAE brands attack on Indian flagged ship off Oman as terrorism amid Hormuz shipping fears

The UAE has strongly condemned an attack on an Indian-flagged commercial vessel off Oman’s coast, calling it a terrorist act and a dangerous escalation that endangers critical shipping lanes. India’s Ministry of External Affairs said the incident occurred on Wednesday as the ship sailed from Somalia. Omani authorities rescued all 14 crew members. The UAE warned the strike violates a UN Security Council resolution on freedom of navigation. It also cited the fragile Strait of Hormuz amid regional conflict and previous attacks on Indian-flagged ships.

Summarised by Beize from a story on The Economic Times on 15 May 2026
JioStar takes Zee to legal mediation over alleged repeated Bollywood film telecasts worth millions

JioStar takes Zee to legal mediation over alleged repeated Bollywood film telecasts worth millions

JioStar, Reliance and Disney’s Indian media venture, has moved to legal mediation against Zee Entertainment, alleging Zee broadcast Bollywood films JioStar says it holds rights to. The dispute follows earlier legal action: Zee sued JioStar in April over copyrighted music use. JioStar’s filing claims Zee repeatedly aired 12 films around 20 times, including major stars like Shah Rukh Khan and Aamir Khan. Zee says any broadcasts were inadvertent, with no damages liability.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Delhi HC calls ED for reply in Al Falah University chairman bail bid over Rs 415 crore fraud case

Delhi HC calls ED for reply in Al Falah University chairman bail bid over Rs 415 crore fraud case

The Delhi High Court has asked the Enforcement Directorate to respond to Al Falah University group chairman Jawad Ahmed Siddiqui’s regular bail plea in a money laundering case tied to alleged misuse of student fees. Justice Saurabh Banerjee issued notice to the ED. While the main bail application is listed for July, interim bail is set to be heard at month-end. Siddiqui was arrested on November 18, 2025, after the trial court rejected his bail on May 2.

Summarised by Beize from a story on The Economic Times on 15 May 2026
MP firecracker blast Dewas NSA invoked against manager while culpable homicide cases filed for four accused

MP firecracker blast Dewas NSA invoked against manager while culpable homicide cases filed for four accused

A deadly firecracker factory blast in Dewas, Madhya Pradesh, killed five workers and injured 23, with three in critical condition. Authorities invoked the National Security Act against factory manager Ajaas Khan and arrested licensed owner Anil Malviya, ordering both to Ujjain Central Jail for three months. Culpable homicide not amounting to murder charges were filed against four accused, including another manager and a contractor. Investigations involve a state committee, PESO, and forensic teams to pinpoint the cause, amid claims of excess explosive storage and weak safety arrangements.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Rupee Hits Record Low at 96.05 as Oil and a Strong Dollar Combine to Pressure INR Further

Rupee Hits Record Low at 96.05 as Oil and a Strong Dollar Combine to Pressure INR Further

The Indian rupee slid to a lifetime low of 96.05 per US dollar on Friday, driven by crude prices hovering near $110 a barrel. Union Bank of India links the fall to a mix of elevated energy costs, aggressive capital outflows and a resurgent dollar. Stronger-than-expected US Non-Farm Payrolls lifted Treasury yields and the DXY, weakening emerging market currencies. Meanwhile, India’s trade deficit remains wide, with foreign exchange reserves lower than February levels.

Summarised by Beize from a story on Republic on 15 May 2026
Seafood exporters rebound after a 50% US tariff as India records record FY26 shipments

Seafood exporters rebound after a 50% US tariff as India records record FY26 shipments

India’s seafood sector is turning tariff shock into momentum. After the US slapped a cumulative 50% tariff on Indian seafood last year—citing trade imbalance, anti-dumping claims, and links to energy purchases from Russia—exports were disrupted and some processing units had to pause. Instead of breaking, the sector diversified markets, boosted domestic demand measures, and restored access to high-value buyers. By FY26, India logged record exports, and the government is now considering a production-linked incentive scheme for deeper value-added growth.

Summarised by Beize from a story on The Economic Times on 15 May 2026
ED freezes Gameskraft assets worth INR 526 crore in PMLA probe into alleged bot led rummy fraud

ED freezes Gameskraft assets worth INR 526 crore in PMLA probe into alleged bot led rummy fraud

The Enforcement Directorate has announced an INR 526.49 crore freeze of movable assets linked to Bengaluru-based real-money gaming platform Gameskraft Technologies Ltd after PMLA searches concluded. The action follows raids across Karnataka and Delhi-NCR between May 7 and May 13. ED claims bank deposits and payment gateway balances, bonds, and fixed deposits were frozen, and it seized INR 3.5 crore in gold, diamond jewellery, bullion, plus INR 11 lakh cash. The agency alleges fraud, including bot-based manipulation, and says proceeds were routed through investments and foreign entities.

Summarised by Beize from a story on Startup Talky on 15 May 2026
Kohli warns selectors he won’t play if he’s forced to prove his worth

Kohli warns selectors he won’t play if he’s forced to prove his worth

Virat Kohli says he still wants to play the 2027 World Cup, but only if he’s valued without needing to constantly prove his worth. Speaking on RCB’s podcast, the 37-year-old warned against an “environment” that questions his value, stressing that he prepares intensely and stays only when the team setup believes he adds value. With his ODI appearances now scarce, he pointed to his recent Vijay Hazare return—scoring a hundred—and framed it as playing for love, not to silence critics.

Summarised by Beize from a story on The Economic Times on 15 May 2026
CBI to lead RG Kar investigation as West Bengal suspends Vineet Goyel Indira Mukherjee Abhishek Gupta

CBI to lead RG Kar investigation as West Bengal suspends Vineet Goyel Indira Mukherjee Abhishek Gupta

West Bengal Chief Minister Suvendu Adhikari suspended three IPS officers tied to the RG Kar rape and murder case, including former Kolkata Police Commissioner Vineet Goyel, as well as Indira Mukherjee and Abhishek Gupta. The CM said departmental proceedings will begin against the suspended officers, while the CBI will conduct the main investigation. Adhikari pointed to a fact-finding exercise alleging mishandling of the case, improper FIR filing, and even financial offerings of cash and media-facing statements.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Petrol diesel and CNG jump as India absorbs Iran war losses in OMCs and inflation risk

Petrol diesel and CNG jump as India absorbs Iran war losses in OMCs and inflation risk

Indian Oil Marketing Companies have raised petrol and diesel prices by Rs 3 per litre and CNG by Rs 2 per kg after reportedly enduring daily losses of Rs 1,000–1,200 crore since the Iran war began. Economists warn the move could add inflationary pressure as higher fuel costs ripple through transport, logistics and retail prices. With the Strait of Hormuz affecting crude supplies, April retail inflation edged up to 3.48% and WPI inflation rose to 8.3%, tightening India’s inflation outlook.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Accenture Federal and OpenAI launch secure AI push for US agencies in weeks instead of years

Accenture Federal and OpenAI launch secure AI push for US agencies in weeks instead of years

Accenture Federal Services and OpenAI have announced a strategic partnership aimed at speeding secure AI adoption across U.S. federal agencies. The plan, launching May 14, 2026, targets rapid movement from pilot projects to mission-grade deployments, positioning Accenture as an OpenAI Implementation Partner. Their approach combines OpenAI’s frontier models with security-first delivery, federal-ready governance, and an “Agentic Lab at The Forge” for simulated testing. The rollout also emphasizes human oversight and workforce training to improve trust and accountability.

Summarised by Beize from a story on IndianWeb2 on 15 May 2026
Ludhiana brothers build a dream house for sister who raised family after father died

Ludhiana brothers build a dream house for sister who raised family after father died

In Ludhiana, Punjab, brothers Amar and Dev Devgan stunned their only sister, Manpreet Kaur Birdi, with a fully constructed 175-square-yard house in Kot Mangal Singh. The reveal happened during a family gathering after a religious ceremony on May 5, when they removed the paper from the nameplate and exposed her name. After their father died of jaundice in 2007, Manpreet supported everyone—caring for their mother, feeding workers through nights—while the brothers had the plan in motion for five years.

Summarised by Beize from a story on The Economic Times on 15 May 2026
European stocks plunge as Iran standoff fuels energy shock and inflation fears before ECB moves

European stocks plunge as Iran standoff fuels energy shock and inflation fears before ECB moves

European shares tumbled on Friday as a deadlock in U.S.-Iran talks hit risk appetite, rattled energy markets, and revived slowdown concerns. Trump said his patience with Iran is running out after agreeing with Xi Jinping that Tehran must not obtain nuclear weapons and should reopen the Strait of Hormuz. Global bonds fell and oil rose. U.S. and European inflation prints this week pointed to the Iran war’s effects in consumer and producer prices, boosting expectations of further ECB tightening.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Study finds basalt could cut cement CO2 emissions by over 80 percent using existing production tech

Study finds basalt could cut cement CO2 emissions by over 80 percent using existing production tech

A new study argues the cement industry could dramatically cut emissions by switching raw materials. Instead of limestone, scientists propose using carbon-free, calcium-rich silicate rocks like basalt. Because limestone must be heated above 1,500°C—releasing large amounts of CO2—basalt-based production could cut emissions by more than 80% in theory, and by over 25% even with today’s fossil-fuel-heavy energy. The research also suggests existing technologies could enable the change, producing standard Portland cement.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Kerala CM elect VD Satheesan orders smaller convoy after Modi urged restrained security and travel

Kerala CM elect VD Satheesan orders smaller convoy after Modi urged restrained security and travel

Kerala Chief Minister-elect VD Satheesan has directed the State Police Chief to scale back his security even before taking the oath. He asked that public travel not be disrupted or roads blocked during his movement and that restrictions near the official residence be ended. Satheesan also requested a sharply smaller convoy, limited to a single pilot vehicle. The move echoes Prime Minister Narendra Modi’s recent call for a restrained approach, citing pressure to cut fuel consumption.

Summarised by Beize from a story on Republic on 15 May 2026
Petrol Diesel Rates Jump Again Here’s How Long India’s Oil Shock Usually Lasts

Petrol Diesel Rates Jump Again Here’s How Long India’s Oil Shock Usually Lasts

Bank of Baroda economist Dipanwita Mazumdar says India’s current petrol and diesel pain is likely tied to how crude shocks historically play out. She notes crude prices have risen 39.7% during the current global crunch, and when crude surges sharply, the “high” typically lasts only 6–7 months. Looking back over 54 years, she found major crude jumps—over 20% in a year—occurred in 18 instances. The latest hikes, ending a four-year revision freeze, add urgency amid rising imports.

Summarised by Beize from a story on Republic on 15 May 2026
Bill Ackman Pershing Square bets on Microsoft as valuation turns “highly compelling” amid AI worries

Bill Ackman Pershing Square bets on Microsoft as valuation turns “highly compelling” amid AI worries

Bill Ackman’s Pershing Square says it is disclosing a new position in Microsoft, arguing the company is priced far below what its enterprise franchises can deliver. Ackman points to Azure cloud and the Microsoft 365 productivity suite, including the $30-a-month Copilot AI assistant. Pershing built the stake from February after disappointment in December-quarter results triggered a 15% stock slide, citing slower cloud growth and heavy capital spending.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Bengaluru My e-Khata My Hakku camps begin May 16 as B Khata conversion drops to 2% fee

Bengaluru My e-Khata My Hakku camps begin May 16 as B Khata conversion drops to 2% fee

Bengaluru property owners can now convert B Khata to A Khata through the Karnataka government’s Bhoo Guarantee 2026 scheme, with government-organized “My e-Khata, My Hakku” camps starting May 16. The move lowers the required payment to just 2% of the guidance value, down from 5% earlier. Officials say the program will formalize property records, improve transparency, and strengthen legal security for lakhs of families. The Greater Bengaluru Authority also highlights digitization efforts, including e-Khata delivery for over 23 lakh records.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Kerala CM-designate Satheesan weighs fuel relief as Centre hikes petrol diesel by Rs 3

Kerala CM-designate Satheesan weighs fuel relief as Centre hikes petrol diesel by Rs 3

Kerala CM-designate V D Satheesan says he is meeting officials to assess how a Centre fuel price hike will affect the public and what relief measures Kerala can take. Former CM Pinarayi Vijayan called the decision a grave injustice, urging immediate withdrawal, and alleged that benefits of falling international crude were not passed to consumers. Petrol and diesel were increased by Rs 3 per litre, the first hike in over four years, while Vijayan warned higher fuel costs will feed into everyday essentials and transport.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Mutual funds fully exit eight stocks in April including Sanghi Industries in big selloff

Mutual funds fully exit eight stocks in April including Sanghi Industries in big selloff

Mutual funds made complete exits from eight different stocks in April, as reported in Prime Database’s monthly release. Fund houses sold all existing holdings across names including Sanghi Industries, Yuken India, Credo Brands Marketing, Indo Borax & Chemicals, Roto Pumps, Sathlokhar Synergys E&C Global, GFL and Sanstar. The largest selloff was in Sanghi Industries, where 1.92 crore shares were offloaded for about Rs 92.27 crore, while the remaining exits ranged from small to mid-sized positions.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Gold slips May 15 2026 as Tanishq Kalyan Malabar Joyalukkas and IBJA cut 22K and silver rates

Gold slips May 15 2026 as Tanishq Kalyan Malabar Joyalukkas and IBJA cut 22K and silver rates

Gold prices stayed volatile on Friday, May 15, 2026, easing after a sharp rise earlier in the week. Major jewellery brands including Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers and Joyalukkas reported lower 22k rates versus May 14. The India Bullion and Jewellers Association (IBJA) also cut its indicative retail selling rates for both gold and silver from the previous session. Rates are reported from brand websites around 1:21 pm and can vary by city taxes and making charges.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Indian banks stay resilient after RBI cut as margins squeeze grows, report finds asset quality still steady

Indian banks stay resilient after RBI cut as margins squeeze grows, report finds asset quality still steady

Indian banks are showing financial stability even as profit margins come under pressure after the RBI’s December 2025 repo rate cut, according to Systematix Institutional Equities. The report notes that lower lending rates have reduced banks’ interest income, dragging net interest margins, though slippages remain broadly controlled. Asset quality in January-March FY26 stayed stable across most banks, while deposit growth remained healthy and loan growth continued to hold up. Banks are also preparing for new ECL credit-loss rules.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Indore High Court rules Bhojshala is Vagdevi Saraswati temple in Dhar case ending Namaz permission

Indore High Court rules Bhojshala is Vagdevi Saraswati temple in Dhar case ending Namaz permission

The Madhya Pradesh High Court’s Indore bench delivered a major verdict in the long-running Bhojshala–Kamal Maula Mosque dispute in Dhar district, holding that the disputed complex is the Bhojshala temple of Goddess Vagdevi (Saraswati), an ancient Sanskrit learning centre linked to Raja Bhoj of the Parmar dynasty. The court relied on archaeological evidence, ASI survey reports and historical material, quashed parts of an ASI 2003 order, and directed the Centre and ASI to manage preservation going forward.

Summarised by Beize from a story on Republic on 15 May 2026
Innovaccer cuts 340 jobs as it pivots to an AI native company in another restructuring round

Innovaccer cuts 340 jobs as it pivots to an AI native company in another restructuring round

Healthtech unicorn Innovaccer has laid off 340 employees in another restructuring, according to sources cited by Inc42. This marks its third layoff round in four years, with impacts across teams in both India and the US. Internally, CEO Abhinav Shashank said the move supports Innovaccer’s transition into an AI-native company. The company confirmed the job cuts, saying it is “aligning its team” to current priorities and building a leaner organization focused on customer outcomes.

Summarised by Beize from a story on Inc42 on 15 May 2026
Musk and Jensen Huang reunite in Beijing after a decade, and one caption says it all

Musk and Jensen Huang reunite in Beijing after a decade, and one caption says it all

U.S. President Donald Trump’s Beijing visit drew extra buzz with Elon Musk and Nvidia CEO Jensen Huang joining talks on Iran, trade, and AI. The reunion spotlighted their decade-long friendship, reignited when Musk reposted photos from 2016 and 2026 and endorsed a quote about true friends with a one-word reply. Huang’s AI legacy adds weight: in 2016 he personally delivered Nvidia’s first AI-focused supercomputer to OpenAI, built over five years, signaling a partnership that shaped today’s AI push.

Summarised by Beize from a story on The Economic Times on 15 May 2026
KKR must win against GT after Rahane pressure mounts and Varun Chakravarthy’s fitness could decide everything in IPL 2026

KKR must win against GT after Rahane pressure mounts and Varun Chakravarthy’s fitness could decide everything in IPL 2026

Kolkata Knight Riders host Gujarat Titans with their IPL 2026 playoff hopes hanging by a thread after an inconsistent campaign under captain Ajinkya Rahane. KKR’s brief revival of four straight wins ended in a loss to RCB, exposing selection and batting-order issues. KKR can reach 15 points by winning their last three matches, but qualification is far from guaranteed. Varun Chakravarthy’s hinted return is pivotal, while GT chase a top-two finish on a five-match streak driven by their bowling and Sai Sudharsan’s prolific form.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Urban Vault eyes Rs 50 crore revenue as it delivers turnkey offices in just 90 days

Urban Vault eyes Rs 50 crore revenue as it delivers turnkey offices in just 90 days

Flexible workspace provider Urban Vault expects to earn Rs 50 crore in revenue in FY 2026–27 from design, fit-out and facility management as large enterprises increasingly outsource turnkey office creation. The company cites a shift away from heavy upfront capital spending toward faster occupancy and simpler operations. Urban Vault recently delivered a fully operational Mumbai office for an IT services firm in 90 days, with a five-year facility management contract attached. The deal generated about Rs 25 crore upfront and recurring revenue near Rs 15 crore annually, lifting total contract value to nearly Rs 100 crore.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Muthoot Finance MD George Alexander Muthoot says gold loan demand is steady despite shifting borrower sizes

Muthoot Finance MD George Alexander Muthoot says gold loan demand is steady despite shifting borrower sizes

Muthoot Finance’s gold loan business is holding up strongly, with growth still near 50% year-on-year as rising gold prices lift collateral values. The firm notes a structural slowdown in volumes: gold tonnage is down and active loan accounts have fallen for the second straight quarter. Management says the decline is driven by shorter loan tenures and churn, not weaker demand. Smaller-ticket loans are shrinking while larger loans gain. Tighter unsecured lending also funnels borrowers toward gold-backed credit.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Welspun Living Rs 252 crore buyback approved at Rs 175 premium despite falling Q4FY26 earnings

Welspun Living Rs 252 crore buyback approved at Rs 175 premium despite falling Q4FY26 earnings

Welspun Living has approved a Rs 252 crore share buyback through the tender route at Rs 175 per share, a premium of more than 30% over the previous closing price. The company will buy back 144 lakh fully paid-up shares, representing 6.52% of its equity and 5.65% of free reserves. The record date is May 22, with DAM Capital Advisors managing the process. The announcement came alongside weak Q4FY26 results: profit fell 21% to Rs 104 crore.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Ronda Rousey Faces Gina Carano on Netflix MMA Historic Card with Nate Diaz Francis Ngannou

Ronda Rousey Faces Gina Carano on Netflix MMA Historic Card with Nate Diaz Francis Ngannou

Ronda Rousey and Gina Carano headline a Netflix-broadcast MMA card in Inglewood, Calif., as Jake Paul-backed MVP makes its long-awaited leap into mixed martial arts. Rousey, a six-time UFC bantamweight title defender, returns after years in WWE and a late-career pivot back to fighting. Carano, last in MMA in 2009, is returning after Hollywood work and a resolved wrongful-termination lawsuit. The show also features Nate Diaz vs. Mike Perry and Francis Ngannou vs. Philipe Lins, beginning on Netflix at 9 p.m. ET.

Summarised by Beize from a story on The Economic Times on 15 May 2026
India office market swings to Grade A as premium rentals surge and older stock loses out

India office market swings to Grade A as premium rentals surge and older stock loses out

India’s office market is bifurcating sharply as Grade A rentals climb and corporate tenants increasingly bypass mid-tier and older buildings. Anarock data show Grade A monthly rentals rose 6% in 2025 to Rs 92 per sq ft, reaching Rs 93 in Q1 2026 across the top seven cities. Net leasing accelerated to 58.2 million sq ft in 2025, up 17% YoY, with MNC-led GCC projects boosting leasing share and pushing vacancies down.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Rupee drops to record lows as USD surges past 96 for first time

Rupee drops to record lows as USD surges past 96 for first time

The Indian rupee slid to record lows, dipping below the crucial 96 level in intraday trade and weakening to 96.05 per US dollar, after briefly touching a fresh trough near 96.14. Analysts pointed to a mix of forces: higher Brent crude prices, a firmer US dollar, and hawkish signals from American policy makers. Persistent foreign capital outflows and soft net FDI inflows weighed on the balance of payments even as exports rose in April.

Summarised by Beize from a story on The Economic Times on 15 May 2026
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