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Modi in The Hague warns decade of disasters could erase global progress, pushing India Netherlands supply chain pact

Modi in The Hague warns decade of disasters could erase global progress, pushing India Netherlands supply chain pact

Speaking in The Hague during his five-nation tour, Prime Minister Narendra Modi said India and the Netherlands are building a “trusted, transparent and future-ready” supply chain to withstand repeated global shocks. He framed the current era as a “decade of disasters,” pointing to the COVID-19 pandemic, escalating wars and an emerging energy crisis. Modi warned that if countries fail to respond quickly, decades of development gains could be wiped out, driving large populations into poverty.

Summarised by Beize from a story on Republic on 16 May 2026
PCB chair Mohsin Naqvi gets ICC invite for Ahmedabad as IPL final also looms

PCB chair Mohsin Naqvi gets ICC invite for Ahmedabad as IPL final also looms

Pakistan Cricket Board chairman Mohsin Naqvi, also Pakistan’s interior minister, has reportedly received an invitation to join ICC Board discussions in Ahmedabad, coinciding with the IPL 2026 final on May 31. The ICC’s schedule includes a virtual Chief Executives Committee meeting on May 21 and an in-person Board meeting on May 30-31 to revisit the World Test Championship’s future structure. Due to strained India-Pakistan ties, Naqvi’s participation is uncertain, with Prime Minister Shehbaz Sharif expected to decide whether to travel.

Summarised by Beize from a story on The Economic Times on 16 May 2026

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Centre rolls out short Hajj package cutting pilgrimage stay to about 20 days for working professionals

Centre rolls out short Hajj package cutting pilgrimage stay to about 20 days for working professionals

The Union government has announced a first-of-its-kind short Hajj package for Indian pilgrims, aimed mainly at working professionals who struggle to be away for the usual 40 to 45 days. Under the plan, about 10,000 pilgrims will complete essential Hajj rituals and return from Saudi Arabia in roughly 20 days. The schedule runs from May 17 to June 5, with the first flight departing from Kochi on May 17 and other departures from major metros.

Summarised by Beize from a story on The Economic Times on 16 May 2026
Petrol and diesel prices jump Rs 3 as experts warn of staggered hikes until crude stays above 100

Petrol and diesel prices jump Rs 3 as experts warn of staggered hikes until crude stays above 100

India raised petrol and diesel prices by Rs 3 per litre as state-run oil marketing companies absorb losses from global crude surging amid the West Asia conflict. Petrol and diesel had been unchanged for four years, but economists say the move could be the start of staggered increases. Further modest hikes may follow if crude stays above $100 per barrel and the Middle East situation persists, with analysts citing the duration of the US-Iran conflict and Strait of Hormuz for direction.

Summarised by Beize from a story on The Economic Times on 16 May 2026
UN spotlights India Oman bond as Navy stitched sail vessel Kaundinya sails to Muscat in record voyage

UN spotlights India Oman bond as Navy stitched sail vessel Kaundinya sails to Muscat in record voyage

A UN event at headquarters in New York celebrated the Indian Navy’s traditional stitched-plank sail vessel INSV Kaundinya’s maiden voyage from Porbandar to Muscat. Co-organised by the Indian and Oman missions, the programme highlighted centuries-old Indian Ocean trade routes and peaceful maritime exchange, while speakers linked the theme to today’s shipping-route pressures. Indian officials referenced tensions around West Asia’s waterways, stressing cooperation, trust, and the Law of the Sea framework as oceans governance needs shared purpose.

Summarised by Beize from a story on The Economic Times on 16 May 2026
Legend of Toys bags Rs 21 crore pre Series A to turn India’s premium RC brand into a global franchise

Legend of Toys bags Rs 21 crore pre Series A to turn India’s premium RC brand into a global franchise

Bengaluru startup Legend of Toys has raised Rs 21 crore in a pre-Series A round to scale its premium RC vehicle brand. Founded in 2024 by ISB alumni Afshaan Siddiqui and Vinay Jaisingh, it has already hit an annualised Rs 30 crore run-rate within 18 months and is growing 20% month-on-month. The money will fund new play categories, marketing, manufacturing upgrades and international expansion. Its character-led toy universe plus a free lifetime repair service aims to create repeat purchases, not one-offs.

Summarised by Beize from a story on Know Startup on 16 May 2026

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Lavrov phone joke in Delhi turns viral as buzzing cameraman prompts a comically dark line

Lavrov phone joke in Delhi turns viral as buzzing cameraman prompts a comically dark line

Russian Foreign Minister Sergey Lavrov went viral in Delhi after a repeatedly buzzing phone derailed a press conference and he joked, “If you don’t surrender your phone, they will take out a gun,” prompting laughter. The lighter moment stood out during his stay for talks with PM Narendra Modi and External Affairs Minister S Jaishankar around Ukraine, West Asia, and energy trade. Lavrov also said Russia’s oil shipments to India have increased using openly published trade data ahead of a US waiver expiry.

Summarised by Beize from a story on The Economic Times on 16 May 2026
Dr Reddy’s launches generic Semaglutide in Canada first G7 approval could widen GLP-1 access fast

Dr Reddy’s launches generic Semaglutide in Canada first G7 approval could widen GLP-1 access fast

Dr Reddy’s Laboratories has launched a generic Semaglutide injection in Canada for adults with type 2 diabetes, following Health Canada approval granted on April 28, 2026. The move makes Canada the first G7 nation to authorize Semaglutide, positioning the company among the earliest generics entrants in that market. The launch follows Dr Reddy’s recent introduction in India under the brand name Obeda. Supplied as a sterile prefilled pen, it is offered in 2 mg and 4 mg strengths.

Summarised by Beize from a story on The Economic Times on 16 May 2026
NIA chargesheets Cambodia-linked cyber slavery syndicate, including absconding kingpin Anand Kumar Singh

NIA chargesheets Cambodia-linked cyber slavery syndicate, including absconding kingpin Anand Kumar Singh

The National Investigation Agency has filed a chargesheet against five people, including an absconding alleged mastermind, in a case involving trafficking and cyber slavery of Indian youths in Cambodia. NIA says kingpin Anand Kumar Singh, also known as Munna Singh, recruited victims through agents and travel channels in India and worked with associates in Cambodia. The scheme allegedly “sold” youths to fake companies for USD 2,000–3,000 each, then seized passports, forcing victims into scam-company work while meting out torture.

Summarised by Beize from a story on The Economic Times on 16 May 2026
Starbucks plans first India corporate tech office to bring outsourced roles in house by 2027

Starbucks plans first India corporate tech office to bring outsourced roles in house by 2027

Starbucks plans to open its first corporate technology office in India for fiscal year 2027, starting recruitment after a site is selected later this year. The move is designed to cut $2 billion in costs by reducing dependence on third-party tech providers, including roles previously outsourced during earlier restructuring. Chief Technology Officer Anand Varadarajan said external vendors charge markups and that bringing work in-house will create closer ties to teams. Meanwhile, Starbucks is relocating about 270 tech roles to Nashville and has laid off thousands of workers.

Summarised by Beize from a story on The Economic Times on 16 May 2026

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Rapido sparks Indian startup funding surge as 15 firms raise 303 million in five days despite dip risks

Rapido sparks Indian startup funding surge as 15 firms raise 303 million in five days despite dip risks

Indian startup funding jumped sharply this week, thanks largely to Rapido’s mega round. Across May 11–15, 15 startups raised $303 million, up 129% from $132.2 million the week before. Yet the jump is heavily skewed: Rapido alone injected $240 million in fresh capital. Excluding Rapido, total funding would have dropped 52%. Ecommerce led deal activity, while seed-stage funding fell to $2.6 million, down from $5.6 million prior week.

Summarised by Beize from a story on Inc42 on 16 May 2026
China signals deeper BRICS cooperation with India as Beijing outlines plans for next year chair

China signals deeper BRICS cooperation with India as Beijing outlines plans for next year chair

China’s ambassador to India, Xu Feihong, congratulated New Delhi for hosting the BRICS Foreign Ministers’ Meeting, calling the talks constructive despite a fast changing global landscape. Speaking in place of absent FM Wang Yi, Xu said the Chair’s Statement and Outcome Document reflect broad consensus on international issues, BRICS development, and reform of global governance. He said China, as incoming chair, will deepen solidarity and proposed stronger strategic coordination, economic ties, innovation, and people to people links.

Summarised by Beize from a story on The Economic Times on 16 May 2026
GSTAT makes division bench review mandatory for most appeals reshaping how GST disputes get heard

GSTAT makes division bench review mandatory for most appeals reshaping how GST disputes get heard

The GST Appellate Tribunal (GSTAT) has overhauled how GST appeals are processed, requiring pending and new cases to be reviewed by a division bench before assignment to a single bench. The rule targets disputes involving significant legal questions, aiming for consistent rulings and faster resolution. Cases under ₹50 lakh without legal issues may go straight to a single bench, but only with president or vice-president approval, and any later legal question forces referral back to the division bench. GSTAT also categorized disputes into three hearing tracks and set bench rosters with virtual, hybrid and circuit options across states and UTs.

Summarised by Beize from a story on The Economic Times on 15 May 2026
India and UAE sign defense energy and infrastructure deals as Modi seeks deeper regional strategic footing

India and UAE sign defense energy and infrastructure deals as Modi seeks deeper regional strategic footing

Prime Minister Narendra Modi visited the UAE and signed a package of agreements aimed at strengthening defense, energy, and infrastructure cooperation. Modi met President Sheikh Mohammed bin Zayed Al Nahyan, reaffirming India’s condemnation of recent attacks and backing safe transit through the Strait of Hormuz. Deals include raising UAE participation in India’s strategic petroleum reserves to 30 million barrels, setting up strategic gas reserves, securing long-term LPG supplies, and launching a framework for deeper strategic defense ties.

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

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Centre extends Manipur ethnic violence inquiry deadline to Nov 20 2026 as report countdown resets

Centre extends Manipur ethnic violence inquiry deadline to Nov 20 2026 as report countdown resets

The Centre has extended the deadline for a three-member Commission of Inquiry into Manipur’s ethnic violence, pushing the final report submission to November 20, 2026. Formed on June 4, 2023, the panel is led by former Supreme Court judge Balbir Singh Chauhan and investigates the sequence of events behind the violence that erupted on May 3, 2023. The conflict has continued for over three years, with more than 260 deaths reported so far.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Oil and gas bidding deadlines pushed again to June 19 for two licensing rounds

Oil and gas bidding deadlines pushed again to June 19 for two licensing rounds

India has extended bid submission deadlines for oil and gas exploration under two government licensing tracks, setting the new cut-off for both at June 19. The tenth licensing round, launched in February 2025, has now received its fifth extension since its debut, following a prior deadline of May 29. Separately, the eleventh round under the Open Acreage Licensing Policy (OALP), introduced in March, was also extended to the same date. The Directorate General of Hydrocarbons offered no reason.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Lavrov says Russia boosted oil shipments to India as US waiver nears expiry

Lavrov says Russia boosted oil shipments to India as US waiver nears expiry

As India awaits an extension of a US waiver allowing purchases of sanctioned Russian crude, Russian Foreign Minister Sergey Lavrov claimed Moscow has increased oil supplies to New Delhi. Speaking to media on the sidelines of BRICS foreign ministers meetings in New Delhi, he said the shipment rise is visible in publicly available trade data. Lavrov met Prime Minister Narendra Modi and External Affairs Minister S Jaishankar, discussing energy trade, defense production, and assurances on fertilisers and coking coal.

Summarised by Beize from a story on The Economic Times on 15 May 2026
India’s manufacturing boom is happening in sectors that create few jobs while apparel and textiles keep slipping

India’s manufacturing boom is happening in sectors that create few jobs while apparel and textiles keep slipping

Latest IIP data for FY26 shows India’s manufacturing is growing but not where jobs are. General IIP rose about 4.1% in FY26, yet manufacturing has averaged only ~3.3% annually since FY15. Capital-intensive, domestic-demand sectors like capital goods, metals, and infrastructure are performing strongly and building linkages. Meanwhile labour-intensive, export-oriented industries are contracting or barely growing: wearing apparel fell 5.3% in 2025-26, textiles grew just 1.2%, and other manufacturing collapsed. Analysts argue exports need a tailored push.

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

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India BRICS trade hits $416 billion, but deficit nearly doubles—summit pressure mounts for smarter export push

India BRICS trade hits $416 billion, but deficit nearly doubles—summit pressure mounts for smarter export push

India’s trade with the expanded BRICS bloc climbed to about $416 billion in 2025, but the goods trade deficit widened sharply, nearly doubling from $117 billion in 2021 to $224 billion in 2025. Imports from BRICS rose at roughly 12% CAGR while exports grew only about 3%, with Russia a major source boosted by crude oil. Ahead of the BRICS Foreign Ministers’ Meeting, India faces a policy test: reduce import dependence and expand outbound shipments.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Kanye West Ye Debut India Concert Cancelled Days Before May 23 New Delhi Date Over Security Directives

Kanye West Ye Debut India Concert Cancelled Days Before May 23 New Delhi Date Over Security Directives

Kanye West, now known as Ye, will not perform in India after organizers White Fox cancelled his debut New Delhi concert scheduled for May 23, 2026. The company said the decision followed official security advisories and directives from authorities, with public safety cited as the top priority during a “sensitive time.” White Fox confirmed full refunds for valid tickets booked through official partner District within five to seven business days, while it works with Ye’s team to secure a new date and venue.

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