Stories from earlier this week and beyond.
Reports said BSE has overtaken NSE in derivatives F O turnover, but the apparent shift may be more accounting than behavior. Analysts point to notional turnover as a misleading metric that can inflate BSE’s totals, while premium turnover—seen as a truer activity gauge—still keeps NSE in the lead. Holiday effects also distorted volumes. Overall market activity declined, not structurally shifted.
TVS Industrial & Logistics Parks has signed a Memorandum of Understanding to develop a logistics park on 10 acres in Siliguri. The expansion aims to strengthen logistics across East India and improve supply chain efficiency, while also providing a platform for local businesses to grow through better warehousing and transport access.
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Punjab Chief Minister Bhagwant Mann dismissed twin blasts in Amritsar and Jalandhar as minor while accusing the BJP of staging them to create fear ahead of assembly elections. He said the party’s alleged goal is to intimidate voters and provoke violence, but pointed to Punjab’s anti-sacrilege law as a deterrent to attempts at inter-community conflict.
Zydus Lifesciences says its Zydus Biologics injectable plant in Ahmedabad was inspected by the USFDA from April 27 to May 5, 2026. The audit resulted in seven observations, though the company emphasized that there were no data integrity issues. Zydus is now in discussions with the USFDA to address the findings promptly and maintain compliance.
An Anthropic employee wowed wedding guests with an AI-made presentation built using Claude Code. Instead of traditional photos, the groom analyzed over 100,000 messages from 12 years with his girlfriend, mapping everything from “I love you” counts to patterns that emerged at specific times. The data-driven romance became the main event, replacing the usual slideshow format.
India’s defence sector is undergoing a major transformation, with exports jumping about 25 times over the past decade. Reports point to deeper indigenisation, more procurement from domestic firms, and expanding overseas reach. Yet the momentum comes with hurdles, including gaps in critical technologies and ongoing reliance on parts and supply chains from abroad.
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In the wake of Tamil Nadu election results, AIADMK spokesperson Kovai Sathyan said the party has “momentum” with TVK but insisted the high command will decide the alliance. DMK spokesperson Saravanan Annadurai attacked Congress, calling any support for TVK a “backstabber” move. Separately, the Governor accepted MK Stalin’s resignation, adding to a shifting political mood as TVK gains traction.
Barry Christian, a Republican state Senate candidate in Oklahoma, was found dead in his truck after being reported missing at a wildlife management area. His ex-wife Farrah posted an emotional Facebook tribute, recalling their relationship and the impact he had on their children and grandchildren. The circumstances around his death remain unclear, even as he was known for his friendly nature and public-minded drive to improve the state.
Congress MP Karti Chidambaram said the party will formally support a TVK-led government after TVK’s 108-seat performance. He claimed voters in Tamil Nadu chose “secular change” and said the decision was reached unanimously across Congress party forums to help TVK bridge the gap to a majority and ensure stability under a secular administration.
Nia one is tackling India’s gig-worker instability by building “studios” in major manufacturing hubs, offering accommodation, meals, grocery and upskilling without deposits. Founded by Sachin Chhabra and Lt Col Pushkar Raj, the model is designed around one goal: help workers reliably save and send ₹8,000 home monthly. Seed-funded by Elevar Equity, it now eyes a Series A and plans an AI financial advisor for migrants.
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The IPL 2026 playoff schedule is officially out, with Ahmedabad’s Narendra Modi Stadium set to host the grand finale. The announcement is likely a letdown for RCB, the defending champions, as their fans had hoped for a big home-stage finish. With playoff matchups now clear, teams will shift focus quickly to clinching postseason spots.
Royal Challengers Bengaluru will try to rediscover their batting rhythm when they face a struggling Lucknow Super Giants in a crucial IPL match. RCB are second in the table but their batting faltered in the previous game. LSG arrive on a rough run, having lost five of their last six, setting up a high-stakes contest for vital points.
India’s strained power grid is increasingly unable to absorb surplus solar, forcing ReNew Energy Global Plc to curtail generation. The resulting power-wastage is already hitting earnings, even as the company ramps up battery storage to better match supply and demand. Rising costs tied to global disruptions are adding pressure, reshaping how future solar projects are planned.
Garware Technical Fibres will weigh a share buyback proposal at its May 8 board meeting, matching a pattern of regular buybacks in recent years. The proposal is tied to the company’s Q4 results review, but the trading window has already been closed since April 1, setting the stage for what investors may soon get.
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Bengaluru apartment owners won a key legal battle as the Karnataka High Court ordered a builder to demolish illegal construction in Rajsri Apartments’ setback area in Rajarajeshwari Nagar. The court found the revised plan lacked a crucial Fire Department NOC, siding with public safety and emergency access over the builder’s claims.
PhonePe has unveiled an AI-driven system, powered by AI coding assistants and its “Integration Intelligence,” aimed at speeding up merchant payment gateway integrations. The company says the process that typically takes weeks can now be completed in minutes, enabling faster onboarding and earlier payment acceptance—especially benefiting small and medium businesses.
The Indian rupee snapped a five-day losing streak on Wednesday, rising 23 paise in early trade to open near 94.95 against the U.S. dollar. After earlier volatility pushed it to record lows above 95, easing global Brent crude prices—linked to peace hopes—helped improve market sentiment for India’s import-heavy economy.
The US says Iraqs incoming prime minister Ali al-Zaidi must take clear action to separate the Iraqi state from Iran backed armed groups. Washington will resume financial shipments and security assistance only after militias are removed from state institutions and their funding is cut, framing it as essential to rebuild trust and local support.
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Indian sneaker brands are rapidly gaining ground by pairing competitive pricing with style that feels culturally rooted. Targeting India’s mass premium segment, these homegrown labels are betting that shoppers will trade up from budget footwear. Yet as metro demand grows, the biggest hurdle remains building lasting trust—on quality, consistency, and brand reliability.
Delhi Capitals coach Hemang Badani says spinner Kuldeep Yadav must improve quickly as the side’s playoff hopes hang by a thread. After a loss to Chennai Super Kings, Delhi’s qualification path looks tough, with Kuldeep’s season so far falling below expectations. Badani believes he can turn his form around and help the team win every remaining match.
Maharashtra is set to launch 60 model property sub-registrar offices designed to make property registrations quicker and more efficient. Managed by VFS Global, the new centers will give buyers the option to use modern services while the government keeps strict oversight. The move is aimed at reducing delays and improving the overall citizen experience.
A Hyderabad inspection reportedly flagged a KFC outlet in Kondapur for using degraded cooking oil with Total Polar Compounds (TPC) levels beyond India’s safety threshold. Authorities note that repeated heating raises TPC, making oil more harmful. High TPC has been linked to risks such as hypertension, heart disease, and liver damage, intensifying concerns about fast food oil reuse practices.
India’s real estate sentiment slipped in Q1 2026 as global headwinds weigh on buyers and developers. Higher oil prices and tighter financial conditions disrupted market dynamics, pulling down overall mood. Yet the picture isn’t uniform: residential demand shows signs of stabilizing, while office leasing is accelerating sharply, pointing to a surprising divergence in performance.
DeepSeek is reportedly nearing a roughly $45 billion valuation as China Integrated Circuit Industry Investment Fund, a major state-backed semiconductor investor, discusses leading financing for the AI lab’s first fundraising. The talks, reported by the FT, could make the new round one of the biggest signals yet of how aggressively China is backing frontier AI with industrial policy muscle.
PayPal’s newly appointed CEO Enrique Lores is rolling out a turnaround that could involve layoffs and reduced spending as the company targets $1.5 billion in savings over the next 2–3 years. The reshuffle comes after streamlining plans and leadership changes meant to revive growth in a fintech market crowded by Stripe, Adyen, Apple Pay, and Klarna—where Venmo outperforms checkout.
Houston police say they found Matthew Mitchell, his wife Thy Mitchell, and their two young children dead inside the couple’s River Oaks home. Authorities suspect a murder-suicide, with evidence indicating Mitchell shot his wife and children before taking his own life. The family owned restaurants Traveler’s Table and Traveler’s Cart, known locally for popular dining.
Delta Airlines is ending complimentary snacks and drinks in economy cabin on flights under 350 miles, starting May 19. The airline says the move supports network consistency, even as some competitors keep offering freebies. Delta plans to add more full-service flights on longer routes, aiming to offset the change by increasing access to amenities where travel time is longer.
The Indian rupee rose 0.2% to 95.07 per dollar as broader Asian markets rallied on hopes of a US Iran deal that eased oil prices. The improvement offered respite after the currency had hit a record low, while forward premiums retreated. Traders say oil remains the key swing factor for what happens next.
Shimla is on high alert after bomb threat posters were discovered in Rohru, including near the judicial court and the Sub-Divisional Magistrate (SDM) office. Police have tightened security across key spots and launched an investigation to identify the people behind the threats. Officials are assessing the claims and working to prevent any incident while verifying the source of the posters.
Union Minister Dharmendra Pradhan lashed out at West Bengal Chief Minister Mamata Banerjee after her party’s election defeat, saying she should have resigned. He argued her refusal rejects the people’s mandate and treats power as an entitlement, warning the move undermines democratic institutions as political tensions rise.
Addressing the University of the West Indies in Kingston during his Caribbean visit, External Affairs Minister S Jaishankar said the international system is entering “extraordinary times.” He pointed to conflicts, economic disruptions and rapid technological change, and called for stronger Global South unity, reformed multilateralism and a move toward a more multipolar world.
BJP sources in West Bengal indicate that senior leader Suvendu Adhikari is set to become the next Chief Minister. The key step, they say, is his formal election as the Leader of the BJP Legislative Party in the state Assembly on the following day, a move expected to clear the path for his elevation to the top post.
India’s economy is feeling pressure from West Asia conflict-linked disruptions, with crude oil prices rising and trade routes facing strain. Yet analysts point to steadier domestic demand and stable financial conditions as key shields. The government and the Reserve Bank of India are also tightening risk management, and officials argue reforms will determine how resilient growth stays over time.
West Bengal Chief Secretary Manoj Pant has reportedly directed retired bureaucrats serving in government positions to stop reporting to offices immediately, according to sources. The move, coming days ahead of a political leadership change after assembly election results, is seen as a decisive crackdown on the practice of retaining retired officers in key administrative roles.
Security cover has reportedly been withdrawn from Abhishek Banerjee’s Shantiniketan residence in Kolkata following TMC’s poll debacle in Bengal. Visuals from outside the premises on Wednesday showed a noticeably lighter security presence, with personnel and barricades previously seen at the upscale property no longer visible. The development has sparked fresh political chatter in the state.
Iran’s foreign minister Abbas Araghchi met China’s Wang Yi in Beijing in a rare high-level move as West Asia tensions continue. China remains a key buyer of Iranian oil and operates largely despite US sanctions. The visit comes before Donald Trump’s planned trip to China, while US Senator Marco Rubio urged Beijing to pressure Iran over the Strait of Hormuz.
SpeEdLabs is taking test preparation out of standalone coaching centers and embedding it directly into school systems. The approach targets students in smaller towns by aiming to deliver quality competitive-exam support at more affordable costs. By working through schools, the startup hopes to widen access, reduce barriers, and make structured exam readiness a part of everyday learning.
The Cabinet Committee on Economic Affairs has approved three multi-tracking projects for Indian Railways, investing Rs 23,437 crore to expand 901 km of track across six states and 19 districts. The upgrades are expected to cut congestion, raise freight capacity, strengthen connectivity to key tourist routes, and create jobs, with benefits projected by 2030-31.
The US has declared “Operation Epic Fury” over after more than two months of escalation in a joint campaign with Israel against Iran. Secretary of State Marco Rubio says Washington achieved its military objectives but insists its operations near the Strait of Hormuz remain defensive. The move raises questions: is this a true end to the confrontation or a strategic pause.
Lufthansa says the Middle East war is increasing risks to its financial performance, even while keeping its full year outlook. The airline notes that no kerosene supply restrictions are expected at its hubs right now. However, it warned that fuel availability could be reduced later in the year, adding pressure to operations and costs.
A new analysis warns that tight regulations on fasteners are creating disproportionate manufacturing headaches for India’s makers. The result: higher costs, tighter supply, and downstream disruptions in automotive and construction—industries that rely on “small but critical” components. The report argues for a simpler, risk-based compliance approach for safety-critical fasteners to protect Make in India goals.
Nvidia director Mark Stevens and his wife Mary have pledged $200 million to the University of Southern California to expand AI research and training. The donation is designed to elevate USC into a national AI leader, including the creation of an AI for Business degree program and a planned rename of its advanced computing school.
Vedanta shares rallied about 9% over four days after the market adjusted for its demerger. The stock turned ex-demerger from April 30 with a record date of May 1, triggering a price reset as four business units were spun off. Even after the adjustment, the shares rebounded sharply, suggesting improving investor sentiment and renewed trading momentum.
Chief Election Commissioner Gyanesh Kumar has ordered the immediate arrest of people allegedly involved in post-election violence in West Bengal. The unrest has reportedly left two people dead and triggered vandalism across affected areas. In response, police have intensified surveillance and increased patrolling in neighbourhoods marked by incidents, aiming to curb further escalation.
Bajaj Auto is set to announce a share buyback alongside its Q4 FY26 results, and investors will focus on the announced buyback size, price, and timeline. The announcement follows earlier buybacks executed at strong premiums. Meanwhile, the stock is trading above prior buyback levels, reflecting ongoing gains as markets await the new terms.
The Karnataka High Court refused a wife’s request for higher maintenance despite her seeking an increase due to the husband’s one-acre land and possible inheritance from ancestral property. The court considered that the wife earned about Rs 1.5 lakh per month and that the husband’s available assets were limited, with the land mortgaged. It upheld the existing maintenance order.
US Ambassador to India Sergio Gor says Indian companies are committing a record USD 20.5 billion to the American economy, framed as a turning point for bilateral trade. At the SelectUSA summit, 12 firms announced deals right away, spanning sectors from healthcare to high-end technology, under President Donald Trump’s push for investment and partnerships.
Singer Palash Muchhal reportedly faces legal trouble in Sangli after police registered an SC/ST (Prevention of Atrocities) case tied to alleged casteist remarks during an argument at a toll plaza. Media reports also mention a possible Rs 25 lakh financial dispute and revive attention on his past relationship with cricketer Smriti Mandhana, with the complainant reportedly linked to her.
Swiggy and Eternal shares have slid as much as 30% in 2026, reigniting questions for investors on timing and risk. Both stocks began trading at demanding valuations, even as Eternal has posted some long-term gains. Analysts urge caution, saying it may be wiser to wait for clearer earnings and more normalized valuations, with Swiggy viewed as offering slightly better long-term risk-reward.
QyTw0, a Finnish AI lab founded by former AMD Silo AI CEO Peter Sarlin, has reportedly reached a €325 million valuation after securing a €25 million angel round worth about $29 million. The funding highlights sustained momentum in AI, quantum computing, and “sovereign tech,” with investors continuing to back Europe-built companies.
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