Stories from earlier this week and beyond.
Pune Police arrested a 50-year-old man in Dattawadi, Parvati, after he allegedly attempted to sexually assault his 9-year-old granddaughter. A case has been registered under the POCSO Act, and investigators are collecting more evidence and details as the probe continues. Police said the incident was stopped in time.
The US dollar eased against major currencies on Wednesday as hopes grew that the US is close to an agreement with Iran. The Japanese yen also drifted lower, while US oil futures fell in line with the shifting outlook. Investors are now focused on upcoming US non farm payrolls data, which is expected to shape expectations for the Federal Reserve’s next interest rate move.
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Match Group’s first-quarter revenue beat expectations, driven by Hinge’s strong momentum and Tinder’s early gains from an AI-led turnaround. The company is leaning into AI to improve both user experience and operational efficiency, while also slowing hiring as it reallocates resources to AI transformation. Investors are now focused on whether new features can sustain growth.
Punjab National Bank is raising cybersecurity spending by more than 50% this financial year, accelerating purchases of security tools and switching to continuous audits. The move targets rising digital threats, including those amplified by advanced AI models, as regulators and banks assess preparedness for AI-related risks and vulnerabilities across banking systems.
Ohio’s primary season is over, and the stage is set for November contests drawing national attention. Billionaire Vivek Ramaswamy will face Dr. Amy Acton in the governor’s race, while Senator Jon Husted secured the GOP nomination and is expected to take on Sherrod Brown. Competitive U.S. House matchups add to the high-stakes backdrop for both parties.
GSEB has declared the Class 10 SSC results for 2026 with an overall pass percentage of 83.86%. Students can check scores on gseb.org or via WhatsApp. Unlike previous years, the board did not release an official toppers list. Narmada district recorded the highest pass rate at 90.85%, while Ajol centre achieved a perfect 100%.
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Bengaluru startup BigEndian Semiconductors has raised $6 million to commercialise its first Vision AI system-on-chip. The company plans to deploy the chip in CCTV and surveillance and expand into broader edge AI use cases. By building indigenous semiconductor capacity, it is aiming to ride India’s increasing demand for homegrown tech rather than relying solely on imported solutions.
Indian ice cream startups are riding a quick commerce wave that’s reshuffling how products reach customers. In 2024, they raised a record $26.5 million, driving 74% of sector funding from the past five years. Brands like Ob & Gob and others are built for rapid delivery through dark stores and platform “algorithmic shelves,” while established players test smaller SKUs and exclusive drops.
Meta is reportedly building a personalized “agentic” AI assistant for users, powered by its new Muse Spark AI model. The company is also working on an internal AI agent called Hatch. Separately, Meta plans to integrate a shopping tool into Instagram, with a launch targeted before the fourth quarter of this year.
The Election Commission has officially notified the constitution of a new West Bengal assembly, formally closing the election process. The notification was sent to the governor, a constitutional move that clears the way for government formation following the BJP’s landslide victory. The EC also stated the polls were held freely, fairly, and transparently, endorsing the electoral conduct.
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Premji Invest is reportedly in talks to back Emergent and possibly join its next fundraise, pegged at a $1.5 billion valuation. Meanwhile, ETtech Morning Dispatch also points to tensions around Krutrim’s next steps, hinting at a potential shake-up in strategy as competition for capital and mindshare heats up.
Super Micro Computer is projecting strong fourth-quarter results that top Wall Street expectations, driven by soaring demand for its artificial intelligence servers. The company’s outlook is set to reassure investors, while its speed in delivering customized AI server systems positions it as a key beneficiary of the rapid expansion in AI infrastructure spending.
Reliance Industries, via Jio Platforms, is evaluating a multi billion dollar satellite communications push focused on low Earth orbit networks. Mukesh Ambani’s plan looks to boost India’s strategic and connectivity capabilities as global competition intensifies, with talks ongoing around technology partners, securing orbital slots, and even potential acquisitions.
BJP Bengal President Samik Bhattacharya issued a stark warning to party workers, pledging zero tolerance for post-election violence and threatening stringent action. He cautioned against vandalising TMC offices and called for a more civil political culture in the state. The Election Commission of India has also asked authorities to ensure zero tolerance for violence after the polls.
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Advanced Micro Devices expects second-quarter revenue to top forecasts as demand for its AI chips remains strong. Growth is especially visible in its data center segment, where customers are scaling deployments. Still, AMD faces tougher competition from Intel, and a potential global memory chip shortage could weigh on consumer electronics sales. Shares are already up sharply this year.
SAP plans to acquire Dremio to strengthen its Business Data Cloud and accelerate agentic AI. The deal is expected to close in Q3 2026, subject to regulatory approval. SAP will embed an Apache Iceberg native lakehouse to unify SAP and non-SAP data for real-time, governed analytics—reducing fragmentation and integration friction. Financial terms were not disclosed.
FBI Director Kash Patel says his agency was left out of the Nancy Guthrie disappearance probe for four days and criticizes how DNA evidence was handled. The Pima County Sheriff’s Office disputes that claim, saying the FBI was notified and involved from the beginning. With the investigation now in its fourth month, the mystery remains stuck in a stalemate.
GSEB Class 10 SSC results for 2026 are released at 8 am. If gseb.org is not loading, students can use the backup portal gsebeservice.com. You can also get scores via WhatsApp by texting your seat number to 6357300971, or via SMS using “GJ10 [SeatNumber]” to 58888111. DigiLocker will provide digital marksheets too.
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Ireland’s media regulator has opened a probe into Meta’s recommender system used by Facebook and Instagram. The investigation will examine whether users’ feeds are “selected and ranked” by a system that learns from what they like, interact with, or spend time on. Regulators are testing how recommendation logic may affect profiling and content delivery.
A man accused of throwing a Molotov cocktail at OpenAI CEO Sam Altman’s San Francisco home has pleaded not guilty to attempted murder and related charges. Prosecutors also allege he threatened to burn down OpenAI headquarters. The defense says the suspect was in a mental health crisis, and the court has ordered a mental health evaluation as the case proceeds.
Hyundai Motor Group has unveiled Pleos Connect, an AI-powered infotainment platform built around intuitive design, safety-first physical controls, and continuous OTA upgrades. Rolling out first on the 2026 GRANDEUR in Korea and IONIQ 3 in Europe, Hyundai plans to equip 20 million Hyundai, Kia, and Genesis vehicles with the system by 2030, featuring the Gleo AI assistant and an app market.
Gold surged more than 1% as a weaker dollar and easing oil prices dialed back inflation fears. The move gained momentum from rising hopes of a U.S. Iran peace deal, after President Trump paused an operation near the Strait of Hormuz—cooling geopolitical tensions and boosting demand across precious metals.
IMD has forecast another round of unstable weather for Delhi NCR. After recent rain and thunderstorms, cloudy skies are expected with light rain in the afternoon or evening, plus thunderstorms and gusty winds of 15 to 20 km/h. Temperatures on May 6 are predicted at 20 to 22°C minimum and 34 to 36°C maximum, with May 7 slightly warmer and more humid.
A top Google scientist has urged EU regulators to reconsider a proposal that would require sharing search engine data with rivals such as OpenAI. Google argues that even anonymized datasets can be re-identified by today’s advanced AI systems, risking users’ privacy. A Google expert is set to meet EU officials, with a key decision expected by July 27.
The United States has proposed a draft UN Security Council resolution focused on defending freedom of navigation through the Strait of Hormuz, as tensions with Iran continue. US Secretary of State Marco Rubio said Iran is threatening maritime activity and risking the global economy, framing the UN move as a key test for international accountability.
OpenAI President Greg Brockman testified in a California trial that Elon Musk physically threatened him during a 2017 confrontation, then stormed out after being refused absolute control of the company. Brockman also said that when Musk announced his 2018 exit, he told staff he planned to pursue AI at Tesla without regard for safety, escalating allegations at the center of the dispute.
OpenAI says it provided the US government early access to its GPT-5.5 model for national security testing. In a LinkedIn post, executive Chris Lehane confirmed the move, positioning the trial as part of government evaluation. The announcement adds momentum to the debate over how quickly advanced AI gets deployed for sensitive national security uses.
Punjab is on high alert after two blasts struck Jalandhar and Amritsar within days, triggering new security measures and a multi-agency probe. CCTV footage of the Jalandhar blast near BSF Chowk has surfaced, showing the explosive moment. Investigators say the attack may be linked to Pakistan-based handlers and Babbar Khalsa International, raising concerns across the region.
An explosion reportedly occurred outside a BSF camp in Amritsar, Punjab, late last night. Police said they received a complaint after hearing a blast near Khassa cantonment, prompting immediate response from bomb disposal and FSL teams. Security personnel are investigating how many blasts occurred and what caused them, while evidence has been gathered for testing.
Delhi’s air quality has improved sharply, pushing the CAQM to revoke Stage-I GRAP restrictions across the NCR effective May 4. Daily AQI fell from 175 on May 3 to 88 on May 4, helped by rainfall and favourable weather. Key limits on coal and firewood in tandoors and diesel generator usage have eased, though dust-control and compliance remain closely monitored.
AI startup Anthropic plans to spend $200 billion with Google Cloud over five years, a move expected to sharply expand Google’s revenue backlog. The company is also lining up computing capacity from Broadcom and Amazon, while Google ramps up investment to deepen its partnership with Anthropic as the AI infrastructure race intensifies.
US gasoline prices surged about 50% following renewed tensions tied to the Iran war, reversing a brief period of relief. Earlier in April, prices were falling day after day as many drivers expected the conflict to ease. Now the sudden spike has renewed questions about how long fuel costs will stay elevated and when relief might return.
US Secretary of State Marco Rubio said Iran must “accept the reality of the situation” and come back to the negotiation table to secure a complete solution to West Asia’s crisis. Speaking at a press briefing, Rubio said Washington is working to identify potential areas Iran could engage on, suggesting any initial understanding would focus on broad parameters rather than a detailed agreement.
Oracle Financial Services Software has announced May 7 as the record date for its second interim dividend of Rs 270 per share for FY26. Investors must buy shares before today to be eligible, with the dividend payment scheduled for May 21. The company continues its pattern of rewarding shareholders through interim payouts.
US Deputy Secretary of State Christopher Landau said India and the US are “very, very close” to concluding a trade deal, with only a “last hurdle” left. Negotiations have been underway for months as both sides work to finalize the agreement and also tackle wider bilateral issues.
Samsung Electronics has crossed a $1 trillion market valuation, propelled by surging demand for AI-related chips. The company’s shares have quadrupled, making it only the second Asian firm after TSMC to hit the milestone. Analysts say this underscores memory’s structural role in AI infrastructure, while also lifting sentiment across regional tech stocks.
TVS Capital spent two decades honing a particular approach to investing, only to question it now. The firm is reportedly looking to change course—potentially rethinking how it picks companies, supports founders, and manages risk—after concluding that what once worked may no longer fit today’s market realities.
Sun Pharmaceutical Industries is exploring multiple financing routes for its proposed $12 billion acquisition of Organon & Co. Reports say lenders are considering swapping Organon bondholders into Sun Pharma debt, including a possible euro-denominated bond, while Sun Pharma also plans to raise $3 billion to $4 billion in offshore loans. Deal approvals are expected by December.
Indian markets closed lower as global headwinds and geopolitical worries weighed on sentiment. Paytm, Bajaj Auto and L&T drew attention for their Q4 developments, while Hero MotoCorp posted strong earnings. L&T reported a profit decline but announced a dividend. Bharti Airtel is also exploring network slicing to support premium services, adding a tech angle to the stock mix.
In Bhabanipur, long seen as Mamata Banerjee’s political home turf, residents turned a remix of her chant “Hamba Hamba, Ramba Ramba” into street dancing after BJP’s Suvendu Adhikari defeated the Chief Minister by 15,105 votes. Mamata later alleged a conspiracy and refused to resign as the BJP surged to 206 seats in Bengal.
India’s corporate elite turned the Met Gala into a showcase of “fashion is art,” with standout looks from Isha Ambani, Ananya Birla and Natasha Poonawalla. Birla paired Robert Wun couture with a Subodh Gupta sculpture mask, while Poonawalla wore a custom Marc Quinn orchid creation, blending high fashion with contemporary art references.
Asian markets climbed to record highs as President Trump suggested meaningful progress in Iran negotiations, easing geopolitical fears. The mood lifted tech shares, with South Korea leading the gains, while Brent crude fell. U.S. stock futures also rose, as investors expect lower inflation pressures and continued economic strength, driven by improving sentiment and softer energy costs.
Kerala Chief Minister Pinarayi Vijayan arrived in Thiruvananthapuram from Kannur after the LDF’s major Assembly election defeat. Instead of his usual security arrangements and official vehicle, he went to his residence in a private car, accompanied by family and Left leaders. Media personnel were briefly acknowledged, with police escort support including a pilot jeep present.
A former JPMorgan Chase banker, Chirayu Rana, is accused of faking his father’s death to obtain bereavement leave. Rana later filed a lawsuit against executive Lorna Hajdini, alleging sexual abuse and drugging. Investigators found Rana’s father was alive and unaware. The suit was withdrawn, and JPMorgan reviewed the claims and found no merit.
Iranian state media says US forces attacked civilian cargo boats in the Strait of Hormuz, killing five people, contradicting Washington’s claim the vessels were Iranian military boats threatening commercial shipping. The incident happened during a US mission aimed at securing maritime corridors and ensuring freedom of navigation, escalating tensions over contested claims and responsibility.
Gen Z-focused wealthtech startups Trackk and Zomint are in advanced talks to raise substantial funding, drawing fresh VC interest in early-stage fintech. The momentum comes amid the success of platforms like Groww, which has encouraged investors to back new tools aimed at making wealth management more accessible for younger, first-time investors.
Donald Trump says the US will temporarily pause “Project Freedom,” meant to help commercial shipping in the Strait of Hormuz, after requests from Pakistan and others. The move comes as Washington reports military gains against Iran and progress toward a possible deal. However, Trump stressed the naval blockade of Iran’s ports will remain in place.
Post-election violence broke out in West Bengal on Tuesday, with police reporting the deaths of a BJP worker in New Town and a TMC worker in Birbhum. Incidents of arson and vandalism were also reported at TMC offices. BJP state chief Samik Bhattacharya called for a shift in political culture and vowed zero tolerance for violence.
CIO Manish Sonthalia says global crude oil prices and West Asia geopolitical uncertainty are dictating market moves, drowning out domestic signals. He warns that prolonged supply disruptions could dent FY27 earnings estimates and alter capital flows, keeping equities largely range-bound until the West Asian crisis eases. In the mix, energy, banks, and EMS names stand out as key bets.
Online food retailer Zappfresh is reportedly in talks to acquire a majority stake in GM Foods. The deal would broaden Zappfresh’s product range and deepen its push into the frozen vegetarian snacks space. Coming after Zappfresh’s recent acquisitions, it underscores an aggressive growth strategy aimed at intensifying competition across food delivery and related categories.
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