Trump's tariff tantrums may leave India exposed to a 'one-sided' trade deal: GTRI
A trade think tank, GTRI, advises India against rushing into a bilateral trade agreement with the US due to President Trump's unstable tariff policies. Recent court rulings have struck down key tariffs, pushing the US back towards traditional WTO structures. This legal uncertainty risks India securing a one-sided deal without reciprocal tariff benefits.
India's April consumer inflation likely rose to 3.8% as higher fuel costs weigh: Reuters poll
Indias retail inflation likely rose to 3.8% in April from 3.4% in March as higher fuel and LPG costs linked to the US-Iran conflict started feeding into prices, according to a Reuters poll. Economists said food prices remained soft, helping keep inflation near the RBIs 4% target, but persistently high crude oil prices and a possible weak monsoon could push inflation higher in coming months. Wholesale inflation is also expected to rise to 4.4% in April.
Why are oil prices up today, and will Brent, US WTI crude futures continue to rise or fall in next few days? Oil prices climbed after new clashes between the United States and Iran threatened supply through the Strait of Hormuz. Brent moved above $100 and WTI also rose. Markets remain uncertain as ceasefire talks continue. Investors are watching jobs data, currencies, shipping risks, and global stock reactions to understand the short-term direction of crude markets.
A Mumbai family of four tragically died after consuming watermelon laced with rat poison, zinc phosphide. According to medical experts, zinc phosphide releases a lethal gas by reacting with the acid in the stomach, causing rapid cell death and organ failure. If medical action is not taken within an hour, the rat poison can turn out to be fatal.
Amidst political maneuvering in Tamil Nadu, a top BJP leader stated that only time will reveal the government's formation, while the Congress faces potential embarrassment. The Governor has asked TVK chief Vijay to prove majority support for government formation, with discussions reportedly underway for potential AIADMK backing and power-sharing arrangements.
Most people reuse T-shirts and jeans without hesitation, but rewearing socks is a completely different story. Experts warn that socks quickly turn into breeding grounds for bacteria and fungi, making daily changes essential for hygiene and health. Heres why you should never wear the same pair twice.
Vijay School marksheet viral: Actor-politician Vijay's Class 10 marksheet has surfaced online, revealing he was an average student with 65 percent overall. Despite scoring low in Mathematics, he passed his exams. Vijay later pursued acting, eventually launching his political party, Tamilaga Vettri Kazhagam, and promising free higher education for farming families.
During his Caribbean tour, External Affairs Minister S Jaishankar highlighted India's role in de-risking the global economy. IMF data supports this, projecting India will contribute 17 per cent of global growth in 2026. India remains the world's fastest-growing major economy, driven by strong momentum and stabilising domestic inflation.
100 years of David Attenborough, a century of Earths greatest storyteller
Sir David Attenborough celebrated his 100th birthday on May 8, 2026, after a remarkable career documenting nature and advocating for environmental awareness. His groundbreaking documentaries, from oo Quest to Planet Earth, have inspired millions globally. Even at a century old, Attenborough continues to champion conservation, urging humanity to cherish the natural world.
India labour market remodels itself bit by bit as agri slowly cedes ground, workforce moves on
India's labour market is undergoing a structural transformation driven by the country's broader economic transition, according to a report by SBI Research based on the latest Periodic Labour Force Survey (PLFS) 2025 unit-level data.
Parag Milk Foods Q4 net profit rises 23% on higher sales; full-year profit up 15%
Total income for the January-March quarter rose to 945.34 crore from 918.25 crore a year earlier.
Ola Consumer turns free cash flow positive in H2 FY26 post biz rejig
Development comes as the ride-hailing business of ANI Technologies capped a year-long restructuring, signalling a shift in the unit economics of the company
MoS for External Affairs Kirti Vardhan Singh meets UN Chief Antonio Guterres
Union Minister Kirti Vardhan Singh met UN Secretary General Antonio Guterres in New York. The meeting occurred during the International Migration Review Forum. Singh also delivered India's national statement and highlighted India's digital innovation in migration governance. He called for a more effective United Nations. The Indian Mission also commemorated Operation Sindoor.
Toyota sees 22% profit drop this year
Toyota anticipates a 22% drop in net profit for the upcoming fiscal year, citing the impact of US tariffs. Despite this forecast, the automaker reported a 19.2% net profit decrease for the 2025-26 fiscal year, attributing its resilience to increased sales volumes and price adjustments driven by strong product competitiveness.
The first Dhurandhar, which was released in December 2025, arrived on Netflix on January 30. Now, its sequel, Dhurandhar 2: The Revenge, has created massive buzz by breaking several box office records since its theatrical release and is finally gearing up for its digital premiere.
New OTT releases this weekend (May 810, 2026) highlight Dacoit and Lukkhe on Prime Video, Vaazha 2 on JioHotstar, and several Netflix arrivals. From Adivi Seshs revenge thriller to Kings musical debut and Malayalam comedy sequel, heres your complete mid-May weekend OTT binge guide.
UN panel urges countries to move beyond GDP as sole measure of progress
In a report, the independent expert group stated that GDP remains an important measure of economic activity but is insufficient for assessing broader human well-being, sustainability, and resilience
Actor Dibyendu Bhattacharya recently revealed he was allegedly removed from an advertisement due to his skin colour, highlighting a deep-rooted issue in Bollywood and society. Maamla Legal Hai actor is known for his impactful roles, also questioned the industry's tendency to label actors as 'character actors'. Read on!
Canada's privacy watchdog has called for urgent cybersecurity upgrades at the Canada Revenue Agency. Over 42,000 tax accounts were breached since 2020. Cybercriminals used stolen credentials to access accounts. They also modified accounts to file false returns or claim benefits. The agency is implementing new security measures to protect taxpayer information.
Alarmed ASEAN leaders discuss crisis plan to mitigate backlash from Middle East war
ASEAN leaders convened in Cebu, Philippines, to tackle the Iran war's economic fallout. They are developing contingency plans for stable fuel and food supplies. The summit also addresses the safety of over a million ASEAN citizens working in the Middle East. Discussions include coordinated emergency fuel sharing and diversifying oil sources.
DRDO tests Indias first indigenous glide weapon system 'TARA'
India's indigenous glide weapon system, TARA, successfully completed its first flight trial off the coast of Odisha. Developed by DRDO, TARA converts unguided warheads into precision-guided weapons. This advancement enhances the accuracy and lethality of low-cost weapons for ground target neutralization. The successful trial marks a significant step in bolstering India's self-reliance in defence technology.
LBSIM earns AACSB accreditation - Joins the 6% of elite business schools globally
Lal Bahadur Shastri Institute of Management (LBSIM), New Delhi, has achieved prestigious AACSB accreditation, a global benchmark for business education excellence. This rigorous, multi-year review process signifies LBSIM's commitment to academic quality, learner success, and societal impact, placing it among the top 6% of business schools worldwide.
Indian parents are embracing a new era of travel. After decades of prioritizing family, many are now choosing solo trips or journeys with friends. This shift focuses on personal comfort, safety, and stress-free planning. The travel industry is recognizing this growing market for older adults seeking independence and freedom. These travelers are redefining their post-family life with enriching experiences.
ED arrests 3 founders of Gameskraft in PMLA case
The Enforcement Directorate has arrested three founders of the online gaming platform Gameskraft. The arrests are linked to an alleged fraud and money laundering case. Officials took Deepak Singh, Prithvi Raj Singh, and Vikas Taneja into custody. This action follows raids and the filing of a money laundering case. The agency previously froze bank accounts in its probe.
TBSE Madhyamik and HS Result 2026: Tripura Class 10 and 12 students can check their Madhyamik and Higher Secondary results today at 12 noon on tbresults.tripura.gov.in. The examinations were conducted in February and March 2026, with nearly 38,000 students appearing for Class 10 and around 30,000 for Class 12. Students can download their scorecards from the official website.
EPFO 3.0 update: PF withdrawal via ATM, UPI soon Check the expected launch date
EPFO subscribers will soon be able to withdraw funds via ATMs, enhancing convenience. This change, part of the EPFO 3.0 initiative, is expected to be implemented by the end of May, allowing quick access to provident funds with minimal paperwork.
India pushes for inclusive migration, stronger anti-trafficking laws at UNGA
In its pursuit of a more humane migration policy, India is developing a framework that embraces an inclusive ethos while confronting issues such as irregular migration and human trafficking. This forward-thinking initiative takes a holistic stance on migration, ensuring that the rights and safety of migrants are upheld at every point of their experience.
CM race spills onto streets, social media as supporters rally behind contenders in Kerala
Supporters of V D Satheesan, K C Venugopal, and Ramesh Chennithala are actively campaigning for their leaders to become Kerala's next Chief Minister. As AICC observers meet with MLAs, the decision now rests with the Congress high command in New Delhi, with an announcement expected by Sunday.
In bustling Bengaluru, a teacher's ordinary auto ride was transformed by an unexpected act of kindness. Her auto driver, noticing her admiration for flowers in another vehicle, plucked a few blooms and gifted them to her. This simple gesture challenged stereotypes about auto drivers and highlighted how empathy can brighten everyday commutes.
WBBSE Madhyamik Results 2026 out: West Bengal Madhyamik results for Class 10 has been released today, May 8th, with lakhs of students rushing to check their WBSSE results. The official website experienced slowdowns due to high traffic. Students can access their marksheets and scorecards online from 10:15 am on wbresults.nic.in and wbbse.wb.gov.in, or via DigiLocker and SMS for quicker access.
Worlds most important bromance revived as Trump heads to China
Donald Trump's upcoming Beijing visit marks his return to a personal diplomacy with Xi Jinping, a relationship that has navigated trade wars and crises. Despite escalating tensions over Taiwan and technology, their rapport has endured, contrasting with Joe Biden's presidency. This enduring connection, characterized by lavish summits and strategic truces, continues to shape the complex US-China dynamic.
US wants to control oil prices, not serious about negotiations: Iran's Abdul Majid Hakeem Ilahi
Saudi Arabia's ambitious historical action film, Desert Warrior, starring Hollywood actors like Anthony Mackie and Ben Kingsley, has become a colossal box office failure. Despite a reported $150 million budget, the movie earned a mere $665,000 globally, losing nearly 99.6% of its investment. Read on to know how it became the biggest box office bomb ever..
Cristiano Ronaldo, a global soccer icon from Portugal, has achieved unparalleled success through his goal-scoring prowess, athleticism, and unwavering dedication. His remarkable journey from Madeira to becoming a legend at Manchester United, Real Madrid, and beyond, is marked by numerous records and trophies, including a historic Euro 2016 win. Ronaldo's relentless pursuit of excellence continues to inspire millions worldwide.
Crucial Tata Trusts meeting postponed to May 16 amid legal challenges
Tata Trusts meeting: The key meetings, set for today but now postponed, hold immense significance for the trajectory of India's largest corporate powerhouse. Key topics under discussion were to include governance frameworks, board member representation and strategic oversight. The sharing of authority between Tata Trusts and Tata Sons was likely to be a key issue.
TN Board Results 2026 today: Tamil Nadu Plus Two results have been announced today at 9:30 am on tnresults.nic.in. Students facing website traffic can use alternative methods like other official websites dge1.tn.nic.in, DigiLocker, or a WhatsApp facility to check their HSE results by entering their registration number and date of birth.
US-Iran war: UAE countering Iranian air attack after Trump says ceasefire still in effect
US-Iran war news: UAE air defences are actively responding to a missile and drone assault. Earlier, US forces intercepted Iranian attacks targeting three Navy ships. The US military also struck Iranian facilities responsible for these assaults. No ships were hit. This incident challenges the fragile ceasefire between the US and Iran, which has been in place since April 8.
Punjab wheat evacuation ahead of last year despite lower arrivals; Centre adds 100 railway rakes
To ease mandi congestion, the Food Ministry has allocated 100 additional wheat specials with a capacity of 3 lakh tonnes for Punjab in May, designated for transport to Uttar Pradesh and southern states
BAN vs PAK, 1st Test 2026: Live Streaming, Playing 11, Pitch Report, Weather Update, Predictions
Bangladesh vs Pakistan 1st Test predicted playing 11, live streaming details, pitch and weather updates, and full match preview: Bangladesh and Pakistan are set to begin their World Test Championship campaign with the first Test in Mirpur on Friday. Pakistan, higher ranked, face pressure as Babar Azam is ruled out due to injury. The Mirpur pitch is unusually grassy, potentially aiding fast bowlers early on before spinners take over.
MSBSHSE SSC Results 2026: Maharashtra Class 10 board exam results are out today, May 8, 2026, at 11.30 am. Over 16.15 lakh students can check their scores on mahahsscboard.in and sscresult.mkcl.org. For easier access, results will also be available on DigiLocker and via SMS. Students need their seat number and their mother's first name to view their marks.
Coromandel International reports 80% fall in Q4 profit; FY26 earnings decline 7.6%
The fertiliser and crop protection company posted a profit of Rs 114.64 crore, while expenses surged more than 22 per cent year-on-year.
Asia heat waves spell double trouble for economies hit by oil
Asia faces a new inflation threat from El Nio as rising temperatures and dry weather are all set to increase food costs. This comes on top of existing oil price shocks. Countries like the Philippines and Pakistan are already seeing high inflation. El Nio is expected to intensify these pressures later this year. Food prices are set to climb further in the coming quarters.
EAM Jaishankar holds wide-ranging talks with top leadership in Suriname to deepen bilateral ties
Oil jumps, stocks fall as U.S.-Iran clashes spark peace talks fears
Markets across the world have enjoyed a strong run this week on growing optimism that the 10-week conflict which has sent oil prices soaring will be concluded soon
Who won yesterday IPL match? Here are all LSG vs RCB match result highlights
Yesterday IPL Match Who Won (Google Trends): 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 encounter. Despite a valiant late surge from Tim David, LSG's bowlers held their nerve to secure a crucial win, keeping their playoff aspirations alive while RCB missed a chance to solidify their top-four position.
The politics of 'Thalapathy': How Vijays films built the image of a peoples leader
Tamil Nadu Elections 2026: Vijay's electoral success in Tamil Nadu was not sudden. For years, his films positioned him as a protector of the common man. This cinematic narrative resonated with various voter groups, including Gen Z. His movies consistently showcased him fighting corruption and injustice.
Iran creates new Strait of Hormuz shipping authority amid US tensions
The move comes as Tehran reviews fresh US proposals aimed at ending the conflict, while sporadic exchanges of fire and explosions near key Iranian locations underline the fragility of the ceasefire
WBBSE Class 10 Result 2026: West Bengal Class 10 results are out today, May 8, 2026, with the West Bengal Board of Secondary Education announcing the Madhyamik results at 10:15 AM. Students can access their marks online via official websites, DigiLocker, or through an SMS service by typing WB10 [Roll Number] and sending it to 58888.
Iran War News Live Updates: US and Iran trade fire, threatening fragile truce
Rs 40,000 rent vs Rs 1 lakh EMI: CA explains the math changing Indias homeownership debate
A chartered accountant suggests renting may be financially smarter than buying property in Indian metro cities. He highlights a gap between rental yields and home loan interest rates. Investing the difference could build more wealth over time. This challenges a long-held belief about homeownership. Young professionals are increasingly weighing flexibility and investment growth.
Trump confirms US, Iran traded fire in Hormuz; says American naval vessels transited successfully
This weeks OTT lineup offers a mix of action, drama, comedy and suspense across streaming platforms. From the return of the high-stakes spy thriller Citadel Season 2 and the intense action drama Dacoit: A Love Story to the emotional film Remarkably Bright Creatures, viewers have plenty to choose from. Malayalam sequel Vaazha 2 and Chandigarh-based crime drama Lukkhe also add variety to the weekend watchlist. Read on!
Trendline Breakout Points to Bullish Reversal in Deepak Nitrite
US-proposed Iran resolution at UN faces likely vetoes from China, Russia
America is pushing for United Nations backing of a resolution demanding Iran stop attacks in the Strait of Hormuz. However, China and Russia are expected to block the move. This comes as a previous resolution also faced vetoes from these nations. The US views this as a crucial test for the UN's effectiveness. Iran has called the resolution one-sided.
U.S. Stock Market saw even sharper swings earlier in the war, when hopes rallied for a reopening of the Strait of Hormuz, only to get quickly dashed.
Iran creates new agency to control shipping in Strait of Hormuz while reviewing peace deal with US
Iran has formed a new government agency to control passage through the Strait of Hormuz. This move raises concerns for international shipping. Meanwhile, peace talks continue between Iran and the U.S. mediated by Pakistan. Both sides are reviewing proposals. Hopes for an end to the conflict are growing, impacting global markets. Saudi Arabia has stated it will not support U.S.
US targets Iraq's deputy oil minister and militias with sanctions for aiding Iran
America has imposed sanctions on Iraq's deputy oil minister and certain militias. These actions are due to their alleged support for Iran. The deputy minister is accused of misusing his position to help Iran and its allied groups. This move comes as the U.S. and Iran are in discussions regarding a potential agreement.
Russia-Ukraine war ending soon? Ukrainian President Volodymyr Zelenskiy makes huge claims
Ukraine President Volodymyr Zelenskiy said Russia had continued to flout a ceasefire starting from the night of May 5-6 that had been proposed by Kyiv in response to the declared Russian ceasefire.
Trump sets July 4 deadline for EU to comply with trade deal or face 'much higher' tariffs
President Donald Trump has set a July 4 deadline for the European Union to fulfill trade deal promises. Failure to comply will result in significantly higher tariffs on EU products, including cars. European Commission President Ursula von der Leyen confirmed discussions and commitment to the deal's implementation.
'It's just a love tap': Trump says ceasefire still in effect despite US-Iran exchange of fire
United States and Iran exchanged fire testing a month-long ceasefire. Iran stated the situation returned to normal. The US military said it fired in response to Iranian attacks. President Trump described the exchange as a 'love tap'. Renewed hostilities occurred as Washington awaited Iran's response to a US proposal. The war has impacted oil prices and US politics.
NFL schedule: NFL could opt for an immediate Super Bowl 60 rematch since New England is scheduled to visit Seattle. Last season, the Super Bowl 59 rematch between Philadelphia and Kansas City took place on Week 2.
India summer travel shock: Flight tickets to Europe, Leh, Singapore see massive surge
Indian travellers are seeing airfares soar by 40-50% on many routes. This surge is driven by rising jet fuel costs and fewer available seats. As a result, people are choosing shorter international trips to places like Thailand and Vietnam, or heading to Indian hill stations to escape the heat.
Tata Motors rolls out VRS after union push; around 300 employees opt in
Tata Motors recently offered a voluntary retirement scheme to its employees. This initiative was a response to demands from worker unions. The scheme targeted permanent staff aged 40 to 55. It provided flexible compensation options and medical benefits. The company aimed for a leaner manufacturing footprint.
Iran's top joint military command accused the U.S. of violating the ceasefire by targeting an Iranian oil tanker and another ship, and of carrying out air attacks on civilian areas on Qeshm Island in Strait of Hormuz.
ShinyHunters group warned that it would release all stolen data of Canvas if schools did not make contact by May 12. The message included a link to a list of schools ShinyHunters claims to have breached through Canvas.
Arunachal Pradesh CM Strengthens Creative Economy Cell to Connect Local Talent with Global Industry
Itanagar, May 8: Arunachal Pradesh Chief Minister Pema Khandu announced on Thursday the enhancement of the Creative Economy Cell under the Chief Ministers Office. This initiative aims to provide institutional support to the states emerging creative sector. The Chief Minister stated that this cell will act as a bridge between local talent and the global ... Read more Arunachal Pradesh CM Strengthens Creative Economy Cell to Connect Local Talent with Global Industry
'We don't deport US citizens': Tom Homan issues blunt warning, doubles down on mass deportation
Cold peace at the Vatican: Marco Rubio meets Pope Leo XIV amid Trump-pontiff fallout over Iran war
Franz Kafka, a master of capturing modern anxieties, believed profound understanding comes from quiet observation. His quote, You do not need to leave your room. Remain sitting at your table and listen... The world will freely offer itself to you, emphasizes patience and introspection over frantic pursuit. This timeless message resonates today, encouraging stillness amidst a noisy world.
Fin services secy warns banks of mythos risks
Financial services secretary M Nagaraju warned the banking community about the potential risks posed by Anthropic's Mythos AI model. He emphasized that banking risks now extend beyond traditional financial concerns to include technology and cyber threats, urging institutions to prepare for potential public release of such advanced AI.
West Asia Conflict: Supply chain woes hit smaller brands harder amid inflation
Amid ongoing supply chain challenges and the burden of rising operational costs, smaller consumer goods players are feeling the squeeze. This shift is creating a landscape where larger corporations can swiftly adapt, taking advantage of the situation to broaden their market influence.
SC reviews GST on costs paid to municipal bodies
The Supreme Court will review if GST applies to companies paying municipal bodies for road restoration after utility work. This follows a Gujarat High Court ruling that such reimbursements are not taxable services. The court seeks Torrent Power's response to a GST department appeal on this matter.
Semaglutide race: Torrent grabs 38% market share
Over a dozen Indian companies have launched generic versions of the GLP1 drug used for diabetes and weight management since the expiry of Novo Nordisk's patent for the innovator molecule in end-March. They generated about 44 crore in generic semaglutide sales in April.
Railways plans AI cameras; new orders on hold
Research Designs and Standards Organisation first specified internet protocol-based video surveillance systems for rolling stock in March 2018. The norms have since been amended seven times, most recently in June 2025. The current specifications define parameters for closed-circuit television cameras that record activities inside and outside trains for post-event analysis.
Zee Entertainment and JioStar India are heading to mediation to resolve a music copyright dispute. Zee sued JioStar for alleged unauthorized use of its music. The Delhi High Court has ordered both companies to attempt an amicable settlement. JioStar must not use Zee's licensed works while the mediation is ongoing. The next hearing is scheduled for July 23.
Supreme Court rules consumers not liable for unused power plant tariffs
The Supreme Court has ruled that electricity consumers are not obligated to pay tariff charges for a power plant that has stopped supplying electricity. The apex court restored a previous order against Tata Power Delhi Distribution Ltd. This decision means consumers will not bear the cost of a plant that is no longer operational.
SC appoints ex-CJI DY Chandrachud as mediator in Sunjay Kapur family trust dispute
The Supreme Court has appointed former Chief Justice of India DY Chandrachud to mediate a family dispute. The case involves the ownership of the RK Family Trust, which holds a stake in Sona Comstar. The court urged all parties to participate with an open mind. The matter will be heard again in August after the mediator's report.
Bombay HC refuses to stay Sir Ratan Tata Trust meeting; Tata Sons board representation on agenda
The Bombay High Court declined to halt a Sir Ratan Tata Trust meeting. A petitioner argued the trust's board composition violates new Maharashtra laws. The court stated the petitioner can seek further relief from a vacation bench. The trust's agenda includes reviewing its representation on Tata Sons' board. The court's decision allows the meeting to proceed as planned.
ET Graphics: India's economic offences surge, daily frauds rise to 117 in 2024
Economic offences in Indian cities have surged, with an average of 117 daily cases reported in 2024, a significant increase from 86 in 2018. Forgery, cheating, and fraud, particularly in the Rs 1-10 lakh range, constitute the majority of these crimes, with larger scams also prevalent.
Costlier palm, soy oils push Indian consumers towards mustard oil
India sees a shift towards mustard oil. Rising global prices of palm and soybean oils, influenced by the West Asia conflict and biofuel demand, make imported oils expensive. This trend is further amplified by a depreciating rupee. Record domestic mustard production supports this change.
Indian banks activate BCPs, shift West Asia staff to India amid Iran-US conflict
Indian banks are taking steps to ensure the safety of their staff in West Asia. Some banks have already moved operations to India to manage wholesale activities remotely. This comes after the government advised banks to assess risks and provide support. The situation in the region is being closely monitored, with a focus on business continuity and staff well-being.
Emami to acquire majority stake in personal care co IncNut Digital for 321 cr
Emami is acquiring a 60% stake in IncNut Digital, the company behind Vedix and SkinKraft. This deal is worth 321 crore. Emami will buy the remaining stake later. The acquisition aims to boost Emami's presence in personalized beauty. IncNut's founder believes this partnership will accelerate innovation and expand reach in the personalized beauty sector.
Indias new safe harbour rules create fresh tax dilemma for multinationals, GCCs
Multinationals are reassessing their tax strategies. A new safe harbour regime offers lower margins for IT and ITeS services. Companies with existing Advance Pricing Agreements face a choice. They can opt out of higher APA margins for the new safe harbour. Those with pending APA applications are waiting for clarity.
Streaming firms eye one-stop shops to build scale and profitability
Amazon's integration of MX Player with Prime Video signals a trend towards unified streaming platforms in India. This move aims to reduce churn, enhance content discovery, and boost monetization by combining subscription, ad-supported, and transactional offerings. The strategy addresses slowing subscriber growth and rising content costs in the price-sensitive Indian market.
US mortgage rates rise to 6.37% as Iran war fears and inflation pressure shake housing market
U.S. mortgage rates are moving higher again as global tensions and inflation worries affect the housing market. Home buyers are facing higher monthly costs, while demand for homes is slowing down. Experts say rates may stay high for some time, making it harder for many people to afford homes in the current market.
In fresh trouble, B9 Beverages gets legal notice from HNGIL
Craft beer maker Bira 91 faces a new legal challenge. Hindusthan National Glass & Industries has issued a notice alleging over 8 crore in defaulted payments. This adds to existing issues including investor disputes and delayed salaries. B9 Beverages reported a significant net loss in FY24. Production is currently suspended as founder Ankur Jain negotiates his exit.
ED probes alleged ESOP misuse to launder money, bypass LRS rules
The Enforcement Directorate is now looking into employee stock options from foreign firms given to Indian workers. This move aims to uncover potential money laundering and ways to bypass foreign remittance rules. Experts suggest fake ESOPs could be used to hide overseas funds or exceed remittance limits.
MoSPI asks states to shift GSDP base year to 2022-23 for better economic data accuracy
The Ministry of Statistics and Programme Implementation has issued new guidelines for calculating Gross State Domestic Product. The base year is now 2022-23, aligning with national GDP revisions. This aims for better accuracy and consistency in regional economic data. States and Union Territories will adopt these new standards.
MSME min scheme created 36 L jobs during FY22-26
The Prime Minister's Employment Generation Programme has successfully created jobs for over 36 lakh individuals. It also supported the establishment of more than four lakh new businesses. The scheme, implemented by KVIC, fully utilized its budget. A significant portion of these new enterprises are located in rural areas, boosting local economies and promoting balanced development across regions.
