The United States has announced new sanctions targeting Iran's 'shadow oil economy,' accusing Tehran of using illicit oil revenues to fund the Islamic Revolutionary Guard Corps (IRGC) and its regional activities.
Indian equity markets experienced a significant decline in early trade, with the BSE Sensex and NSE Nifty dropping, as escalating geopolitical tensions in West Asia and a surge in global oil prices dampened investor sentiment. Track Sensex, Nifty50 movement and key market drivers for May 8, 2026.
Public-sector banks (PSBs) in India have reported an 11.2 per cent year-on-year rise in net profit, reaching a record 1.98 trillion in FY26, marking their fourth consecutive year of profitability, driven by sustained business growth, improved asset quality, and strong capital positions.
Twenty rebel Trinamool Congress Lok Sabha MPs have merged with the obscure Nationalist Citizens Party of India (NCPI), a move seen by political observers as a strategic way to support the BJP-led NDA without immediately joining the saffron party and bypassing legal complexities.
TCS has denied receiving any complaints of religious conversion or sexual misconduct at its Nashik unit through its internal channels, amid a police probe into the allegations. The company has announced an oversight panel and engaged external entities in its internal investigation.
Following through announcements with enforcement of measures is key, as a run through recent Indian economic history shows, points out A K Bhattacharya.
The Enforcement Directorate has reported a staggering 170 per cent surge in asset attachments, reaching 81,422 crore in the last financial year (FY26), underscoring its intensified efforts against financial crimes and its significant role in restituting funds to victims.
Work has commenced on restoring the North and South Blocks to their original design, paving the way for the Yuge Yugeen Bharat National Museum project, with a target completion date for the first phase set for 2028.
Veteran industrialist Venu Srinivasan has resigned from the Bai Hirabai Jamsetji Tata Navsari Charitable Institution, following a challenge to his appointment by a former trustee.
Unified Payments Interface (UPI) has reached a record Rs 314 lakh crore in transaction value in FY26, representing more than a 4,000-fold increase since inception.
Aditya Puri is one of the cleanest examples we have, in Indian corporate history, of a leader who understood early that the measure of his work was not what happened while he was in the chair. It was what would keep happening when he was no longer there, says Suresh M K.
The Enforcement Directorate (ED) reports a decline in traditional financial crimes due to sustained investigative actions and government initiatives, while highlighting emerging challenges like cryptocurrency fraud and terror financing.
Indian benchmark indices Sensex and Nifty closed lower in a volatile session due to profit-taking in banking and financial shares, despite earlier gains driven by easing geopolitical tensions. Analysts suggest investors remain cautious and are not aggressively chasing the recent rally.
The upcoming Tata Sons board meeting in June could possibly throw some light on several critical issues that may have a bearing on the future of the corporate behemoth.
Delhi University's Sri Guru Gobind Singh College of Commerce hosted an international conference focusing on the transformative role of AI in management, featuring discussions on ethical considerations, customised education, and cross-domain relevance.
India emerged reasonably well from 2025. But now, the oil shock and war-related supply disruptions have again driven funds out of India and significantly weakened the rupee, points out Ajay Chhibber.
Sadhvi Satish Sail, model and entrepreneur, is crowned Femina Miss India World 2026.
Jobs in the clean-energy sector are projected to reach 905,000, while energy efficiency-related jobs are expected to surge to 428,700 by 2029-2030.
The Punjab government has allocated Rs 11,577 crore to home affairs, justice, and jails in the 2026-27 budget, focusing on strengthening institutional capacity, technology-driven surveillance, and prison security.
'Even last year, when India bought gold, the physical quantity was much less than the previous years.'
Under the TMC, Bengal has seen expansion of welfare, but not big-ticket private investment.
The Pakistan Cricket Board (PCB) has announced that the initial stages of the Pakistan Super League (PSL) will be held without spectators due to regional tensions and government austerity measures.
'Previously, contributing only 25 per cent of material costs, states now face burdens of 40 per cent to 100 per cent of total costs, ensuring poorer states will curb project approvals, directly stifling work demand.'
John Abraham's 1986 film Amma Ariyan, now heading to the 2026 Cannes film festival, remains one of Malayalam cinema's most politically charged and unsettling masterpieces.
'This is an area where good lending can happen, and that is one of the priorities for the next quarter.'
'At the first sign of real trouble, that money will move. There will be a run.'
HDFC Bank has launched an independent review by external law firms following the abrupt resignation of Chairman Atanu Chakraborty, who cited 'ethical concerns and practices within the bank' as the reason for his departure.
Both sides have now revealed a preference for escalation over strategic defeat, and each new provocation narrows the space for the next pause. The Touska seizure, Iran's refusal to negotiate under blockade, Israel's strikes on Iranian oil infrastructure -- all of these add up to an increasingly untenable situation. This makes the wild card -- Trump and his motormouth -- more consequential than ever, notes Prem Panicker in his must read blog on the Iran War.
Benchmark indices Sensex and Nifty ended lower on Thursday, snapping a three-day rally, amid a weak trend in global stock markets.
Investors must account for currency depreciation in their financial plans and use instruments that can cushion the erosion in purchasing power.
This is the first Budget in my memory of Budgets over the last half a century which has embraced upfront, enthusiastically and emphatically, technology, modernity and fiscal sobriety, notes Shreekant Sambrani.
Market sentiment is likely to remain cautious as investors position themselves for the upcoming Union Budget and the US Fed's interest rate decision, where expectations are muted.
What is the reason behind this drying up of talent for the top post in private banks?
'The city was not only a setting but also a major character in Sankar's stories, providing the readers insight into the ever-changing and complex nature of Calcutta,' observes Atanu Biswas.
'Neither SAI nor state departments have a dedicated sports administration service. Instead, roles are filled by generalist civil servants or contractual staff, often lacking sector-specific expertise.'
Securities and Exchange Board of India (Sebi) Chairman Tuhin Kanta Pandey on Thursday called for sharper disclosures in IPO (initial public offering) offer documents, particularly around risk factors, valuation rationale, objects of the issue, and utilisation of proceeds.
India's equity markets may have expanded rapidly, but initial public offerings (IPOs) are increasingly becoming exit vehicles for early investors rather than as engines for raising long-term capital, a shift that undermines the spirit of public markets, Chief Economic Advisor V Anantha Nageswaran warned on Monday at a CII event.
Israel and the United States had a plan. Iran punched back. And now the Gulf is reeling, the world is beginning to feel the pain and, as on date, no one in Washington or Tel Aviv appears willing to admit that the punch has landed, notes Prem Panicker, continuing his must-read blog on the war in the Middle East.
Customs regimes can lead to labyrinthine legal disputes. Budget 2026 must recognise that an excessively defensive Customs posture can itself become a trade barrier, point out Mukesh Butani and Shankey Agrawal.
Cleaner balance sheets, regulatory support and strong growth prospects helped Indian private banks attract over $6 billion in foreign capital, with more deals expected in 2026.
