Stories from earlier this week and beyond.
Sony expects its profit to rise 11% to 1.6 trillion yen by March 2027, even as it forecasts lower sales in its gaming business. The outlook hinges on strong software releases that can lift margins, alongside a share buyback plan of up to 500 billion yen. Investors are also weighing memory price spikes, chip costs, and supply chain risks.
The Centre is expected to issue a rectification order within 48 to 72 hours to reinstate the gold import tax exemption for banks. Industry body IBJA says the benefit was accidentally withdrawn through a notification, triggering an IGST-related disruption. Shipments have resumed as the government works to correct the error and restore the earlier relief.
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Britannia Industries shares fell over 4% after Q4 net profit rose 21%, as the company warned of impending biscuit price hikes. While investors expected good news, management pointed to input cost inflation and supply chain disruptions linked to West Asia conflict. Brokerages largely kept neutral views, reflecting uncertainty over cost pass-through and demand.
Britannia Industries shares fell about 5% even after reporting a higher profit in the quarter. Revenue and volume growth missed analyst expectations, while supply disruptions in its international business tied to the West Asia conflict weighed on March sales. The company pointed to improving traction in e-commerce and premium products, but analysts remain split on the stock’s next move.
Shakti Kapoor, 73, has addressed viral death rumours that targeted him online. After noticing the hoax spread across social media, he shared a video to assure fans about his health. He also warned those behind the misinformation and indicated he would file a cyber complaint, calling the rumours “not good”.
During the March quarter’s market slump, Life Insurance Corporation of India deployed nearly $2 billion into 10 stocks, adding to positions in names such as Bajaj Finance, Bharti Airtel, TCS, and Infosys despite price declines. LIC also trimmed exposure in other holdings, signaling a selective contrarian strategy rather than broad buying.
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Tata Trusts key meetings scheduled for today have been postponed to May 16 amid ongoing legal challenges. The agenda is expected to cover governance frameworks, board member representation, and strategic oversight, with the most sensitive question reportedly being how authority is shared between Tata Trusts and Tata Sons. The delay could reshape decision-making across India’s largest corporate group.
Anthropic is reportedly weighing a fundraising round that could put its valuation close to $1 trillion, according to the Financial Times. The potential deal highlights how investors are racing to back leading AI firms as demand for advanced models grows. If completed, it would mark a major leap for a company competing at the forefront of generative AI.
BHEL shares have surged about 85% over the past year, driven by strong earnings that brought fresh institutional interest. FIIs and mutual funds have increased exposure, signaling conviction in the turnaround. Meanwhile, retail investors have trimmed their holdings, highlighting a sharp ownership churn even as the stock’s momentum continues to attract larger players.
A new wave of AI “back office” automation promises to speed up specialist workflows, but patients still struggle to get callbacks. Basata’s founders say the near-term concern isn’t job loss—it’s whether overwhelmed administrative teams can handle the changes. The bigger challenge may come later: drawing the line between augmenting workers and replacing them entirely.
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Tripura’s government held an investors’ roadshow in Guwahati to spotlight the state’s industrial potential and policy framework. At the event, over 58 Letters of Intent and Memorandums of Understanding were signed, collectively pointing to investments worth more than Rs 1322 crore. Officials say the response reflects rising confidence in Tripura’s business climate.
Cloudflare has laid off more than 1,100 employees, even as it reported strong financial results. The company says it’s shifting toward the “agentic AI era,” restructuring teams and workflows to integrate AI. That means big operational changes and growing uncertainty for workers about roles, routines, and what comes next.
Tata Trusts says the crucial board meeting of SDTT and SRTT, which together hold a controlling stake in Tata Sons, has been postponed from May 8 to May 16. The decision comes amid legal hurdles and an internal board rift, reshaping expectations around governance and decision-making at the holding level.
BJP’s Assam plans are moving fast, with BJP Legislature Party and NDA Legislature Party meetings scheduled for May 10 ahead of a new government. State BJP chief Dilip Saikia said Prime Minister Narendra Modi is likely to attend the oath-taking ceremony on May 12 in Guwahati, where officials expect more than one lakh people to gather.
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India, ahead of the UN General Assembly, is pushing for a more humane migration approach built on inclusion and stronger safeguards against irregular migration and human trafficking. The proposal aims to uphold migrants’ rights and safety at every point of their journey, adopting a holistic framework that goes beyond enforcement to address protection throughout the migration process.
ShinyHunters has reportedly crippled Instructure’s Canvas learning platform, used by universities including Harvard and Stanford. The group says it stole personal data and private messages and is demanding payment to stop a wider leak. Thousands of students and multiple institutions across the US are affected, raising urgent questions about safeguards in widely used education tech.
Nashik Police arrested Nida Khan, the prime accused in an alleged forced religious conversion case tied to a sexual harassment complaint involving employees associated with TCS. After about a month evading arrest, she was found hiding in a relative’s apartment in Chhatrapati Sambhajinagar. Police said the action followed a carefully planned covert operation across multiple cities.
CoreWeave has topped revenue expectations, driven by surging demand for its high performance cloud and computing services. These capabilities are increasingly essential for training and deploying artificial intelligence models. The company also landed major deals with Meta, Jane Street, and Anthropic, strengthening its position as a central player in the race to build AI infrastructure.
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NASA’s Curiosity rover hit a rare “hostage” scenario on Mars when a massive rock called Atacama became stuck to its drill arm. The sampling mission effectively paused for nearly a week after the drill couldn’t retract or reposition, forcing controllers to wait out the complication before resuming operations.
Indian stocks logged a second straight session of losses, with the Sensex down about 400 points to 77,448 and the Nifty 50 edging lower to 24,214. Both benchmarks fell over half a percent, but midcap and smallcap indices showed resilience, outperforming the broader market. Volatility stayed stable even as trading turned cautious.
Maharashtra SSC Results 2026 are out on May 8, 2026 at 11 30 am for more than 16.15 lakh students. Marks can be checked on mahahsscboard.in and sscresult.mkcl.org. Students can also access results through DigiLocker and via SMS. To view scores, the seat number and the mother’s first name are required.
Powerball’s estimated jackpot for the May 9 drawing has risen to $47 million, sparking fresh hopes across the US. While the odds of winning remain extremely low, the game’s momentum has continued after recent big jackpot winners. Players can claim their prize via yearly installments or a lump-sum cash option, each with a different payoff.
Federal Reserve official Mary Daly said the central bank remains committed to its 2% inflation target and that higher energy prices have not yet affected medium- and long-term inflation expectations. She added that current policy remains slightly restrictive, while a potential resolution to the U.S.-Iran conflict could further reduce inflation pressures in the outlook for markets.
UAE air defences reportedly scrambled to respond to a missile and drone assault from Iran, even as US forces intercepted Iranian attacks aimed at three US Navy ships. The US also struck Iranian facilities linked to the assault, with no ships hit. The flare-up underlines how fragile the April 8 US Iran ceasefire remains.
Bombay Stock Exchange shares fell about 3% after reporting a strong March quarter, with net profit rising 61% to Rs 797 crore. Revenue surged 85% to Rs 1,564 crore, driven largely by transaction charges up 114% year-on-year. Despite the results, market reaction stayed cautious as weekly contract changes pressured sentiment, though analysts still see upside for derivatives growth.
Shakira has shared a brief teaser clip from Rio de Janeiro’s Maracaná Stadium for what she says is a new FIFA World Cup 2026 song, sparking excitement ahead of the tournament. The Colombian pop star, who previously delivered World Cup hits including “Waka Waka,” is reuniting with global music energy through a reported collaboration with Burna Boy.
A US trade court ruled Trump’s 10% temporary global tariffs are unjustified under a 1970s trade law, dealing another setback to his tariff push. However, the court only blocked the levies for two private importers and the State of Washington. The decision lands days before Trump is set to discuss trade tensions with Xi Jinping in Beijing.
AIADMK general secretary Edappadi K Palaniswami met newly elected MLAs in Puducherry, urging them to stay united and patient. The meeting comes as TVK moves to form the Tamil Nadu government, after winning 108 seats—short of the 118 needed. Congress has extended support to TVK, sharpening the political scramble for power.
State Bank of India’s board meets May 12 to consider a fundraising plan of up to $2 billion, as the bank releases its Q4 results today. Analysts expect muted profit growth despite stable loan growth and margins, citing treasury losses. The stock has surged over the past year, putting investor focus on whether the capital raise can steady earnings momentum.
Asia is bracing for a fresh inflation wave as heat and dry weather intensify food price pressures under El Nino. The threat lands on top of existing oil price shocks, squeezing already-stressed economies. Countries including the Philippines and Pakistan are seeing high inflation now, and further price hikes are expected in the coming quarters as El Nino strengthens later this year.
The BCCI has sent an eight page directive to all 10 IPL franchises, citing serious protocol breaches this season. The memo tightens Standard Operating Procedures, including stricter control of hotel room access to prevent unauthorized visitors, and bans owners from interacting with players during matches. It also bars vaping and other prohibited substances across all tournament venues.
Australia’s corporate regulator is urging financial firms to strengthen cybersecurity urgently after warning about new cyber threats powered by advanced AI. The regulator says these models can uncover security weaknesses rapidly, while banks and financial institutions are adopting AI faster than regulators can keep pace. The result: a growing risk gap that demands immediate safeguards.
The US and Iran exchanged fire in the Strait of Hormuz, marking the most serious test of their month-long ceasefire. Iran said conditions returned to normal, while Washington said it wanted to avoid escalation. The confrontation reportedly unfolded as the US waited for Iran’s response to a proposal to halt fighting without addressing Iran’s nuclear program.
India’s T20 captaincy could see a sudden shake-up. Reports suggest Suryakumar Yadav, who led the team at the T20 World Cup, is likely to be removed as captain. Multiple outlets point to Shreyas Iyer as the next option, with selectors expected to meet soon to finalise the squad and leadership calls.
Pidilite Industries posted a 36.6% year-on-year jump in Q4FY26 net profit to Rs 584.2 crore, while revenue grew 14.1%. Margins expanded as lower input costs offset expenses, supporting stronger earnings. The company also reported steady full-year growth, driven by its Consumer and Bazaar segments and stable demand conditions, keeping investor attention fixed.
A Kentucky woman, Brook McDaniel, has been charged with child abuse after authorities say she tattooed her 22-month-old son, leaving a black dot on his forearm. McDaniel reportedly told investigators the toddler wanted the so-called “party dot.” Responding officers also described the home as being in deplorable condition.
Mitchell Marsh’s blistering century powered Lucknow Super Giants to a dramatic six run victory over Royal Challengers Bengaluru in a rain shortened IPL 2026 match. Tim David’s late surge gave RCB hope, but LSG’s bowlers held firm. The win keeps LSG’s playoff ambitions alive, while RCB misses a key chance to strengthen their top four spot.
A newly released NTSB report sheds fresh light on the 2022 China Eastern Airlines crash that killed all 132 people. The investigation suggests both engines were shut off and points to a cockpit struggle before the jet slammed into a mountain. The findings also echo earlier reports that claimed crew actions may have contributed, despite initial Chinese conclusions that no problem was found right away.
Nvidia plans to invest up to $2.1 billion in data center operator IREN to deploy 5 gigawatts of AI infrastructure, targeting soaring demand for computing power. The deal is designed to speed up “AI factory” deployments by pairing Nvidia’s architecture with IREN’s operations, with additional emphasis expected on IREN’s Texas campus.
Rave, a video sharing app, has filed an antitrust lawsuit against Apple in US federal court, alleging the tech giant removed Rave from the App Store to promote its own SharePlay feature. Rave is seeking major damages and reinstatement, and says similar legal action has been launched in other countries as the dispute heats up over platform power.
Tamil Nadu HSE Plus Two results 2026 are expected to be declared today, Friday, May 8. Students can download scores from official portals tnresults.nic.in and dge.tn.gov.in. The board also plans to make results accessible through DigiLocker and via WhatsApp, so learners can choose the easiest way to check. Exams were held from March 2 to March 26, 2026.
Tamil Nadu’s post-election deadlock deepened as Congress urged statewide protests, alleging the Governor blocked TVK’s bid to form the government. TVK, which won 108 seats in the Assembly elections, argues it remains the largest party with 107 effectively in hand. Congress chief K. Selvaperunthagai criticized the Raj Bhavan move, calling the Governor a BJP “puppet.”
Detroit Pistons beat the Cleveland Cavaliers 107-97 to take a 2-0 lead in the playoff series. Cade Cunningham delivered 25 points and 10 assists, while Tobias Harris and Duncan Robinson added key support. Cleveland’s shooting from long range stalled in the fourth quarter, and Detroit used that slump to stretch the lead and close it out comfortably.
Tech companies are increasingly seeking guidance from faith leaders to shape AI ethics, signaling a notable shift from earlier Silicon Valley skepticism. At the inaugural “Faith-AI Covenant” roundtable, religious representatives and AI firms discussed shared moral principles, aiming to influence how systems are trained, governed, and deployed in everyday life.
North Korea says it will deploy new long range artillery systems that can strike Seoul and commission its first naval destroyer. The announcements come after Pyongyang revised its constitution, removing unification references and cementing a two state framework, a move seen as part of Kim Jong Un’s more hardened posture toward South Korea and escalating pressure in the region.
In IPL 2026, LSG pacer Prince Yadav produced a rare moment of brilliance, clean bowled Virat Kohli with a pitch that nipped back at the last second. After the match, Yadav revealed what Kohli said beforehand, adding a new layer to the dismissal and sparking talk about the crucial detail behind the wicket.
President Trump has ordered U.S. agencies to declassify records on UFOs and “alien life,” with the Pentagon and FBI preparing document batches and a new portal, Aliens.gov. Officials are also publishing past AARO video clips showing unexplained aerial phenomena, but experts warn most releases may clarify UAPs rather than confirm extraterrestrial contact.
Oil prices rose more than 1% after renewed Iran US clashes revived concerns about the Strait of Hormuz. The fight has clouded expectations of reopening routes, with Iran accusing the US of breaching a ceasefire and the US pointing to retaliation for attacks on its vessels. Experts warn escalation could disrupt global oil flows despite recent declines.
India’s startup funding stayed hot on 7 May 2026. Skyroot Aerospace secured $60 million to become the first Indian spacetech unicorn, doubling its pre-money valuation and planning a steady Vikram-1 cadence plus Vikram-2 development. Pronto raised $45 million in Series B at a $200 million valuation. InMobi also acquired US analytics platform MobileAction.
A viral video from Bengaluru shows a woman allegedly attacked by her former husband, Sanjay, with a knife in broad daylight. Several youngsters intervened, overpowering him and rescuing her before the situation turned fatal. Police say the incident stems from a personal dispute and is under investigation.
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