The United Arab Emirates has announced its decision to withdraw from OPEC and the wider OPEC+ alliance, effective May 1, 2026, signalling a significant policy-driven evolution in its long-term energy strategy aimed at aligning with domestic economic goals and increased production investment.
Markets face risk of a prolonged bear phase as oil shocks and geopolitical tensions test inflation, growth and investor confidence globally, points out Debashis Basu.
The United Arab Emirates has announced its decision to withdraw from OPEC and the wider OPEC+ alliance, effective May 1, 2026, signalling a significant policy-driven evolution in its long-term energy strategy aimed at aligning with domestic economic goals and increased production investment.
India has expressed strong concerns over attacks on commercial ships in the Strait of Hormuz, citing its importance to India's energy and economic security. Ambassador Yojna Patel highlighted the need to respect international law and ensure the safety of seafarers, while also addressing broader Middle East issues including the situation in Gaza and Lebanon.
Uttar Pradesh Chief Minister Yogi Adityanath attributed the state's past 'BIMARU' (sick) status to corruption during previous governments, highlighting improvements in recruitment processes and medical facilities under his administration.
Sri Lanka's President Anura Kumara Dissanayake is scheduled to meet cricket chief Shammi Silva amid speculation about a potential change in the board's leadership. The meeting follows media reports suggesting Silva's possible removal and the government's consideration of appointing an interim administration.
China is significantly expanding its nuclear power sector, aiming to become a global leader by 2030. The country has the capacity to construct up to 50 nuclear reactors simultaneously, reducing reliance on fossil fuels.
Iran has presented a multi-layered proposal to the US in an attempt to break the deadlock in peace talks, focusing on de-escalation and nuclear programme discussions.
Sports Minister Mansukh Mandaviya announced India's ambitious goal to rank among the top 10 sporting nations by 2036 and break into the top five by 2047, attributing the progress to the government's efforts in streamlining sports governance and providing opportunities for youth.
Comptroller and Auditor General of India K Sanjay Murthy highlighted the need for stronger accountability systems to support India's urban transformation and sustainable mobility push at the BRICS Supreme Audit Institutions Leaders' Summit in Bengaluru.
US President Donald Trump is set to visit China for talks with President Xi Jinping on trade, global issues, and the Gulf war. The visit aims to address trade frictions and other key issues, with high expectations for progress.
A court in Mumbai has remanded Mohammad Salim Dola, an associate of Dawood Ibrahim, to Narcotics Control Bureau custody until May 8 in connection with a 2023 drug seizure case.
Indian equities on Dalal Street saw volatility as global market trends and weak rupee impacted investor sentiment. Track Sensex, Nifty50 movement and key market drivers for May 5, 2026.
Sports Minister Mansukh Mandaviya has urged Indian shooters to support the country's goal of becoming a top-10 global sporting power within a decade. The NRAI marked its 75th anniversary with a plan to introduce shooting to 7.5 lakh youth through grassroots outreach.
An expert from the ICMR's National Institute of Virology addresses concerns about hantavirus cases detected on a cruise ship, stating there is no immediate public health threat to India and that the cases appear isolated.
The government is identifying households with both liquefied petroleum gas (LPG) and piped natural gas (PNG) connections to enforce a ban on dual ownership, aiming to curb misuse and better target subsidies amid global energy supply disruptions.
Chinese President Xi Jinping has called for the Strait of Hormuz to remain open for normal passage of ships, describing it as an 'international waterway' amid rising tensions between the US and Iran.
Foreign Ministers from Pakistan, Saudi Arabia, Turkiye, and Egypt convened in Antalya to explore avenues for enhanced cooperation across various sectors of mutual interest, reaffirming their commitment to regional peace and stability.
US President Donald Trump threatened to bomb Iran if a deal is not reached before the ceasefire ends, while Pakistan urged both sides to extend the truce and pursue diplomacy.
Abhishek Sharma, the world's number one T20I batter, discusses the significant impact of training with Yuvraj Singh, highlighting how it strengthened his mindset for high-pressure situations and international cricket.
'Workers are the people who create all the wealth in this country. How can you call them anti-national?'
Jammu and Kashmir Lieutenant Governor Manoj Sinha has accused Pakistan of targeting the region's youth by flooding the streets with drugs, vowing to combat the menace and protect the younger generation.
Hampton Sky Realty Limited, formerly directed by Punjab minister Sanjeev Arora, has issued a statement asserting its innocence and cooperation with authorities following the arrest of Arora in connection with a money laundering probe.
Prime Minister Narendra Modi inaugurated six new indoor cricket academies across northeast India, marking a significant step in strengthening sports infrastructure in the region. The academies, equipped with state-of-the-art facilities, aim to provide year-round training and reduce the need for players to travel elsewhere for professional development.
Prime Minister Narendra Modi expressed confidence that the BJP would form the next government in West Bengal after the assembly polls, asserting that he would return to the state for the oath-taking ceremony after results are announced on May 4.
'Even if the war ends tomorrow, which is unlikely, and we go back to the pre-war status quo, the world will still need some time to get over the sudden shock of oil price increases.'
Pukhraj Singh Gill emerged victorious at the ADT Players Championship presented by The R&A, overcoming a tense three-way play-off to secure his first international title.
The Delhi High Court has validated the All India Tennis Association (AITA) elections held in September 2024, but stipulated that the elected body will operate as an interim arrangement under the supervision of a court-appointed Administrator.
West Bengal Chief Minister Mamata Banerjee has accused the BJP-led central government of using the proposed amendment to the women's quota law as a front for the Delimitation Bill, which she claims will divide the country. She asserted that her party will fight this move at every step.
The Indian Air Force demonstrated its operational versatility by landing various military aircraft on an emergency airstrip on the Purvanchal Expressway in Uttar Pradesh.
A humanoid robot performing at a university dance event in China startled the crowd when it unexpectedly hugged a female student, prompting a debate about AI safety and autonomous behaviour.
India has established a high-level inter-ministerial body, the AI Governance and Economic Group (AIGEG), to steer the country's national AI governance strategy. The AIGEG will coordinate policy across ministries and oversee cross-sectoral governance issues, supported by a Technology and Policy Expert Committee (TPEC).
Prime Minister Narendra Modi launched a scathing attack on the TMC, accusing the party of looting West Bengal for 15 years, destroying the state's identity through corruption and infiltration, and turning Jadavpur University into a symbol of disorder.
The Uttar Pradesh government's 'One District One Cuisine' initiative, aimed at promoting local delicacies, has drawn criticism for omitting several iconic non-vegetarian dishes closely associated with the state's districts.
Uttar Pradesh Chief Minister Yogi Adityanath attributed the state's 'BIMARU' (sick) status to corruption during previous governments, emphasising the need for transparency and meritocracy in recruitment processes. He highlighted improvements in medical facilities and increased government job opportunities for young people in Uttar Pradesh.
India has firmly rejected Nepal's objection to the upcoming Kailash Mansarovar Yatra via the Lipulekh Pass in Uttarakhand, dismissing Kathmandu's territorial claims over the region.
'Infertility and reproductive health challenges, much like other chronic conditions, are rising globally.'
ISRO and TIFR have signed a Memorandum of Understanding to collaborate on space science, technology, and exploration, marking a significant milestone for India's space programme.
US President Donald Trump said the United States faces a stark choice in its approach to Iran, either to pursue a negotiated settlement or escalate militarily, as tensions continue to rise in the West Asia region.
The electorate did not vote for the BJP as much as they voted against the TMC. This is an important distinction that the new government will ignore at its own peril, points out Vice Admiral Biswajit Dasgupta (retd).
