Stories from earlier this week and beyond.
CUSAT has shifted the New Delhi examination centre for CAT 2026 candidates to HRL Digital Solution. Students must download the updated admit cards and arrive 90 minutes early for exams running May 9 to May 11. Photo verification requires an original photo ID or a DigiLocker document, failing which entry may be denied.
Fidelity Investments plans to eliminate about 1,000 roles worldwide, affecting roughly 1% of its 80,000 global workforce. The company frames the move as part of a product and technology reorganization ahead of a new delivery model, while simultaneously hiring software engineers and product talent. Engineering and product teams shift to the new operating structure by June 1.
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Google is reportedly exploring major investments in India, with a focus on AI infrastructure. The company is also considering local manufacturing of servers and drones as part of its broader AI capital push, following CEO Sundar Pichai’s announcement of large global capex directed toward AI infrastructure. The move could expand India’s tech and hardware footprint.
Astronomers studying deep space have detected an unusual radio source, ASKAP J1424, that transmitted signals every 36 minutes for eight straight days before abruptly switching off. The slow, precise timing doesn’t match any known object, leaving scientists puzzled and actively searching for the source again. The find could reshape ideas about what dead or dying stars can still do.
The investigation into last year’s fatal Air India Boeing Dreamliner crash, which killed 260 people, is now in its final stage. Civil Aviation Minister Ram Mohan Naidu said the final report is expected within the next month, sharing a timeline at an event in Gandhinagar. Authorities say the long-awaited findings are nearing completion.
India is working on a policy that could enable fractional aircraft ownership while also considering treating aircraft as infrastructure assets. Aviation Minister Ram Mohan Naidu said the approach is meant to make financing and leasing easier, strengthening GIFT City’s push to become an aviation leasing and financing hub comparable to Dublin, Singapore and Dubai.
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Quant Small Cap Fund reshuffled its portfolio in April, cutting ties with seven stocks including HDFC Bank and Jio Financial Services. The move also brought in new names and trimmed exposure in select counters. With market uncertainty and liquidity concerns in focus, the fund kept a defensive posture by increasing large-cap allocation to reduce volatility.
Bajaj Finance and Tata Capital are among five AAA-rated NBFCs planning to raise up to ₹150 billion by selling 2- to 5-year bonds. Corporate debt yields, particularly for shorter maturities, have eased—down around 15 bps—as oil prices cooled. With potential volatility looming in the Indian debt market, firms are front-loading borrowing this May.
ArisInfra Solutions turned profitable in Q4 FY26 with consolidated net profit of ₹21.7 crore, reversing last year’s loss of ₹51.2 lakh. Operating revenue surged 55.3% to ₹343.4 crore year over year. Sequentially, profit rose 18.6% as revenue climbed 26.8%, though expenses also jumped 43.7% to ₹320.7 crore.
After her six-year-old son Hridansh died from a rare cancer, a grieving doctor turned unbearable loss into action. She co-founded the Hridansh Foundation, now helping blind children through free eye surgeries. Her personal grief became a lasting purpose, focused on restoring sight and giving families hope when they need it most.
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Spain is preparing to receive more than 140 passengers and crew from a hantavirus-stricken cruise ship expected to dock at the Canary Islands this weekend. Health officials will carry out careful evacuations as several countries arrange repatriation for their citizens. Authorities are also monitoring people who disembarked earlier, while officials say the wider public risk remains low.
Ola Electric’s S1 X+ 5.2kWh scooter has received government approval, spotlighting its indigenously developed 4680 Bharat Cell battery. Ola says this mass market model delivers the longest range within its segment and positions the company to scale advanced EV tech beyond big cities, helping drive adoption across more of India’s consumer markets.
The government is considering a major expansion of benefits under its Jan Suraksha insurance schemes, including PMJJBY, PMSBY, and APY. The move aims to strengthen social safety nets for low income households and informal sector workers by potentially increasing the sum insured, offering greater financial protection.
Naagin actress Aashka Goradia and husband Brent Goble have announced the arrival of their second child, a baby boy. Sharing a joint Instagram post, the couple revealed the baby’s name as Richard Theodore Goble and shared that he arrived on 1 May 2026, giving fans an intimate glimpse into their growing family.
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The Patna High Court has directed arrangements for a National Lok Adalat on May 9, 2026, to help citizens settle pending traffic challans under Bihar’s One-Time Traffic Challan Settlement Scheme. Authorities must provide accessible venues, online payment facilities, and sufficient security and parking to handle large crowds and prevent external interference during the settlement process.
Elon Musk says Neuralink is building a surgical robot designed to reach any brain region with high precision. The automated system uses sensors and cameras to guide ultrathin electrode threads while accounting for brain movement from breathing and heartbeat. Neuralink’s goal is a “generalised neural interface” that could expand beyond movement conditions toward conditions like epilepsy, Parkinson’s, and sensory disorders—if safety and long-term durability hold up.
Gold and silver prices stayed largely unchanged on May 8, 2026, after a recent rise linked to easing inflation concerns and hopes of US Iran peace talks. Analysts suggest gold may climb toward $4,800 to $4,850, while silver could target $85. Traders are now waiting on key economic data to set the next move.
Tamil Nadu Governor Rajendra Vishwanath Arlekar has asked TVK to prove it has a majority, after the party emerged as the single-largest following the assembly elections. TVK supporters protested outside Lok Bhavan in Chennai, urging Governor to invite their leader Vijay to form the government. TVK is now seeking support from other parties to reach the required mark.
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Kris Jenner says she tried Ozempic for the first time and was hit with severe side effects, describing the experience as “really sick.” Speaking on the SHE MD Podcast, the reality star said she eventually found what she calls a “game changer” for her health and energy—suggesting a turning point after an uncomfortable trial with the medication.
Midcap companies led the March quarter earnings season, posting profit growth that outpaced both largecaps and smallcaps, according to MOFSL. Performance was supported by BFSI, technology, and utilities, with optimism around earnings momentum. However, analysts caution that volatility tied to West Asia tensions and higher commodity prices may continue to disrupt markets.
Dabur India expects further price hikes in Q1 FY27, citing persistent inflationary pressure, especially on packaging materials linked to Middle East tensions. The company has already implemented a 4% increase. Other FMCG players like HUL are also seeing higher component and packaging costs, suggesting margins could stay under strain even as demand shows signs of recovery.
Thailand will raise its international passenger service charge by more than 50% to 1,120 baht at six major airports from June 20. The government says the higher fee will help finance airport expansion and infrastructure upgrades, including terminal work and improved safety technology. Officials add the new rate is still competitive versus other regional hubs.
BSE posted its best-ever performance in 150 years, with Q4 profit jumping 61% to ₹797 crore. Yet shares slid 3.3% to ₹3,832 after analysts pointed to a 57x valuation and rising concern around derivatives risk, especially in the weekly options segment. Investors appear to be booking gains despite the earnings beat, looking for regulatory clarity.
The ICC has unveiled nominees for its Player of the Month awards for April, with men’s contenders including Bangladesh’s Nahid Rana, Oman’s Jatinder Singh and UAE’s Ajay Kumar. The women’s shortlist names South Africa’s Laura Wolvaardt, Sri Lanka’s Imesha Dulani and Brazil’s Laura Cardoso, setting up a closely watched vote.
The RBI has repatriated 104.23 metric tonnes of gold from the UK to domestic vaults in the second half of FY26, continuing a third straight year of high-security “gold lifts.” With this move, about 77% of India’s total gold reserves are stored within the country, strengthening sovereign security and reducing exposure to global geopolitical risks.
With global markets at record highs driven by AI-fueled tech enthusiasm, billionaire investor Paul Tudor Jones says the current phase still has room to run for about a year or two. Drawing parallels to Microsoft’s early rise and the internet boom, he also cautions that this momentum could eventually flip into a major downturn similar to the dot-com bubble’s collapse.
GTRI cautions India to slow down on a bilateral trade agreement with the US, citing President Trump’s volatile tariff strategy. Recent court rulings have struck down key US tariffs, pushing trade talks back toward traditional WTO frameworks. The think tank warns this uncertainty could leave India negotiating a “one-sided” deal without meaningful reciprocal tariff relief.
Tata Power and Bhutan’s Druk Green Power Corporation (DGPC) have broadened their hydropower partnership by adding the 404 MW Nyera Amari I & II Integrated Hydropower Project. The move raises the collaboration’s identified hydropower capacity to 5,033 MW, up from 4,500 MW earlier, strengthening long-term clean energy supply plans.
Former SriLankan Airlines CEO Kapila Chandrasena was found dead at his residence under suspicious circumstances on Friday. The development comes just days after he was granted bail in a corruption case involving allegations that he received kickbacks linked to airline procurement. Authorities have opened an investigation as details around the timing and circumstances of his death come to light.
Venture capital firms are increasingly urging Indian AI founders to establish an early US presence, especially in San Francisco, as they chase global scale. The push centers on getting closer to customers, unlocking faster access to capital and talent, and staying tight to fast-moving AI trends—factors investors say can create a real competitive edge.
Smallcap and midcap stocks outperformed benchmarks on Friday, with certain shares jumping as much as 16% even as the broader market stayed shaky. Analysts point to earnings momentum and company-specific catalysts driving the rally, while geopolitical tensions and high oil prices kept sentiment cautious. Traders are now watching volatility closely for follow-through.
Dabur India’s stock surged more than 4% after its Q4 results, with consolidated revenue rising 7.3% year-on-year. Domestic FMCG grew 9.5% supported by volume, but the company’s international business faced strain. Notably, its Middle East market, a major share of international revenues, was substantially impacted even as overall performance drew investor focus on management remarks.
China plans to raise retail gasoline prices by 320 yuan per metric ton and diesel by 310 yuan per metric ton starting May 9. The decision comes after April’s reduction and suggests Beijing is adjusting its fuel pricing approach to deal with oil market swings. Drivers are likely to feel the increase soon at the pump.
Even with crude hovering around USD 100, India is less rattled than in the past. The country still imports close to 90% of its crude, but today’s economy requires far less oil to generate growth. Shifts in energy efficiency, demand patterns, and the structure of spending mean higher prices translate into smaller economic shocks than before.
The IMF has warned that AI driven cyber incidents could produce extreme losses that ripple into the financial system. It says funding strains may follow, solvency concerns could emerge, and markets could see wider disruption as vulnerabilities evolve faster. The warning highlights how AI is changing both the scale of cyber risk and the potential for broader financial instability.
Iran’s military accused the U.S. of violating a ceasefire, alleging attacks on ships in the Strait of Hormuz and strikes on civilian areas. The renewed escalation risk is rattling energy markets, helping drive sharp gains in U.S. crude benchmarks like West Texas Intermediate. Traders are pricing in further disruption to Middle East supply routes.
Fresh fighting between the US and Iran has shaken a month old ceasefire. Iran says the US targeted its ships, while the US claims it acted in self defense after unprovoked Iranian attacks. The flare up comes as Iran weighs a US plan to end hostilities, yet major disputes—especially Iran’s nuclear program—remain unresolved.
India’s retail inflation is forecast to climb to 3.8% in April from 3.4% in March, driven by higher fuel and LPG costs tied to the US Iran conflict, a Reuters poll says. Food inflation is expected to stay relatively soft, keeping the rate near the RBI’s 4% target, but high crude and a potential weak monsoon may lift prices later. Wholesale inflation could rise to 4.4%.
Oil prices jumped Friday as renewed US Iran clashes put a fragile ceasefire at risk and cloud hopes of reopening the Strait of Hormuz. Brent and WTI futures reversed earlier declines and rose sharply amid conflicting claims: Iran accuses US violations while the US cites retaliatory strikes, even as President Trump says the ceasefire still holds.
The US and Iran exchanged fire while testing a month-long ceasefire, with Iran claiming the situation returned to normal. The US military said it responded to Iranian attacks. President Trump downplayed the incident as a “love tap” even as renewed hostilities emerged while Washington awaited Iran’s reaction to a US proposal, pushing oil prices and inflaming US politics.
OnEMI Technology Solutions, the parent behind Kissht, is set to list today as grey market trends point to a strong debut. Shares are expected to trade above the issue price, reflecting hefty IPO interest, especially from institutional investors. Funds raised will strengthen the firm’s NBFC subsidiary, supporting faster loan growth as investors watch for a fintech success story.
Bitcoin’s momentum stalled, slipping below $80,000 as traders reacted to uncertainties around US-Iran negotiations. After a sharp 37% rally, profit-taking kicked in, cooling sentiment and pushing the market to watch key support levels. With geopolitics still driving headlines, crypto traders are positioning for the next move while managing risk.
Skyroot Aerospace, India’s first spacetech unicorn valued at $1.16 billion, is gearing up for its Vikram-1 orbital launch while targeting global demand from the US, Europe, and Southeast Asia. The company says growth will be driven by rising demand for customized satellite launches and efforts to broaden access to space beyond a few traditional players.
Waaree Renewable Technologies plans to acquire a 55 percent stake in Associated Power Structures for Rs 1,225 crore. Once completed, Associated Power Structures will become a subsidiary of Waaree by June 15, 2026. The sizable investment signals an aggressive push to consolidate position and accelerate expansion in India’s renewable energy space.
India plans to expand fruit and vegetable exports to raise farmers’ incomes, create jobs, and bring in foreign currency. Shivraj Singh Chouhan said the Fruit Horizon 2026 programme will strengthen production, improve quality, and scale processing so farmers can capture more value from global markets.
More than 250 children in a government school in Bihar’s Saharsa district fell ill after eating the midday meal, with reports claiming a “baby snake” was found in the food. Students developed stomach ache, vomiting and fever shortly after eating, prompting panic among parents and quick hospital visits as authorities began inquiry into the incident.
Japan’s Nikkei retreated from a record high after SoftBank Group fell 4.56%, dragging broader sentiment. The move followed a sharp overnight drop in US-listed Arm Holdings, tied to concerns about weaker smartphone demand and potential AI chip supply constraints. Investors are now watching whether the shock is temporary or signals a wider slowdown in tech spending.
Oil prices are rising after fresh US and Iran clashes reignited fears over supply routes through the Strait of Hormuz. Brent pushed above $100 and WTI followed higher, but markets are still split as ceasefire talks continue. Traders now look to upcoming jobs data, currency moves, shipping risks, and global equities for clues on whether crude gains can hold.
Vikram Solar shares slid 5% after Q4 margins contracted sharply, even as profit grew 21% year-on-year. Revenue rose 22% and EBITDA improved modestly, but a 300-basis-point margin decline dented investor sentiment. The company still points to strong FY26 growth, though near-term cost and pricing pressures tied to China’s policy changes are a concern.
India has rejected allegations by Canada’s CSIS of foreign interference, arguing the same report highlights Khalistani extremist groups in Canada as a security threat to both countries. New Delhi reiterated its policy of non-interference and says concerns should be handled through established channels rather than public narratives, doubling down on international norms.
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