While recovery efforts are ongoing, the likelihood of recovery currently appears low.
Gautam Adani and Sagar Adani are seeking the dismissal of a US Securities and Exchange Commission (SEC) securities fraud lawsuit, arguing that the case represents an impermissible extraterritorial application of US law and fails for lack of personal jurisdiction.
Gautam Adani and his nephew Sagar Adani are contesting a US securities fraud lawsuit, arguing lack of jurisdiction and failure to establish wrongdoing in a 2021 bond sale.
IIT Bhubaneswar researchers have developed 'ArsenSafe', a portable, low-cost device for rapid, on-site detection of arsenic in drinking water. This innovation aims to address the critical public health challenge of arsenic contamination in groundwater, offering a solution that doesn't require laboratory infrastructure.
Tamil Nadu's Rajesh Ramesh won gold in the 400m men's Race A at the Indian Open, clocking a personal best. Vithya Ramraj won the women's 400m Race A.
The national record in the men's 100m race was broken twice within minutes at the National Senior Athletics Federation Competition. Ancy Sojan won the women's long jump with a meet record, and Seema achieved the Commonwealth Games qualification mark in the women's discus throw.
The BJP has taken an early lead in the Gujarat local body elections, winning a significant number of seats as counting progresses. The Congress trails behind, while Independents and other parties, including AAP and AIMIM, have also secured seats.
Local body elections in Haryana, including municipal corporations of Ambala, Panchkula, and Sonipat, saw a 54.5 per cent voter turnout. Polling was held for mayor and ward councillor posts, with key contestants from BJP and Congress. The votes will be counted on May 13.
The Indian government is set to accelerate reforms, including measures to enhance foreign direct investment, speed up divestment, and boost asset monetisation, to maintain economic growth despite rising fuel and fertiliser import costs driven by the West Asia crisis.
Elon Musk, already the world's richest person, may soon become the first trillionaire as his space and AI company, SpaceX, prepares for a public listing. The IPO is expected to be the largest ever, surpassing Aramco's 2020 listing, but recent filings reveal a challenging financial picture for SpaceX.
The Reserve Bank of India (RBI) and the central government have introduced a package of measures, including tax exemptions for FPIs on government securities and a concessional foreign-exchange swap facility, aiming to attract up to $50 billion in foreign capital. This initiative is designed to strengthen India's balance of payments and potentially cover the projected BoP gap for FY27.
US Secretary of State Marco Rubio has said that the US is ready to sell as much energy as India is willing to buy. He described India as a 'great partner' ahead of his visit to New Delhi.
A special audit by the Comptroller and Auditor General (CAG) has revealed that Odisha's forest and environment department sidestepped central guidelines, procuring and customising Mahindra Thar SUVs worth 17 crore from the State Disaster Response Fund (SDRF) for forest protection, despite the funds being earmarked for 'preparedness and capacity building'.
rediffGURU Pushpa R, founder of Radiant Yoga Vibes recommends simple exercises you can do from home to recover from pain, lose weight and heal naturally.
The BJP has secured a majority vote share across all categories in the recent local body elections in Gujarat, according to data released by the State Election Commission (SEC). The ruling party swept the elections, winning a significant number of seats across municipal corporations, municipalities, district panchayats, and taluka panchayats.
The Reserve Bank of India (RBI) has announced a record surplus transfer of Rs 2.87 trillion to the central government for FY26, driven by increased income and an expanded balance sheet, despite a reduction in the contingent risk buffer (CRB) to 6.5 per cent.
The Indian banking system's net liquidity surplus has reached a four-year high of Rs 4.57 trillion, driven by maturing government securities, with further maturities expected to push the surplus to around 5 trillion.
Adani Group has agreed to pay USD 275 million to settle allegations of violating US sanctions on Iran. The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) acknowledged the Indian conglomerate's extensive cooperation and proactive disclosures during the investigation.
A prolonged supply shock can transmit to lower incomes, and dampen confidence and sentiment, warns Aditi Nayar, chief economist, head-research and outreach, ICRA.
Concerns are rising about the status of GalaxEye Space's Mission Drishti, India's first Made in India OptoSAR satellite, launched on May 3. Reports suggest the satellite is tumbling in space, and experts highlight potential issues with solar panel deployment and stabilisation. The company has remained silent on the matter, fueling further speculation.
CRISIL Ratings predicts that the share of bank loans in NBFCs' overall borrowings will increase to 44-45 per cent by FY27, driven by elevated bond yields and softening bank lending rates.
Congress leader Rahul Gandhi alleges 'vote chori' amid controversy over the quality of indelible ink used in Maharashtra civic polls. The Election Commission has launched a probe into the matter.
TVK candidate Vinoth Ravi is using a 3D hologram of actor-turned-politician Vijay to campaign for the upcoming Tamil Nadu Assembly elections, aiming to reach voters across the state.
Maharashtra minister's announcement regarding the disbursement of financial aid under the Ladki Bahin Yojana before Makar Sankranti has triggered a controversy, with the Opposition alleging a violation of the Model Code of Conduct ahead of municipal elections. The State Election Commission has sought a report on the matter.
The State Election Commission (SEC) has barred the Maharashtra government from releasing the January instalment of the 'Ladki Bahin' scheme in advance, citing the enforcement of the model code of conduct for municipal elections. The decision follows complaints about the timing of the release, coinciding with upcoming municipal elections.
The Nifty 50 index could rise around 24 per cent from current levels to 32,032 by December 2026 in a bull-case scenario, Kotak Securities said in a recent note. "We value Nifty at a 10 per cent premium (at 22x) to the 10-year average price-to-earnings of 20x on 2027-28 estimated (E) earnings per share (EPS) of Rs 1,456, and arrive at a December 2026 Nifty target of 32,032," the analysts wrote.
A BMC spokesperson said the average voter turnout stood at 29.96 per cent till 1.30 pm in the metropolis, which has more than 1 crore eligible electors.
The BJP and Shiv Sena are leading in the early trends of the Zilla Parishad and Panchayat Samiti polls in Maharashtra. Counting began on Monday morning for elections to 12 Zilla Parishads and 125 Panchayat Samitis.
The Maharashtra State Election Commission has prohibited civic poll candidates from using microphones and moving in large groups during door-to-door canvassing after the end of the public campaign. Opposition parties have criticised the decision.
ICICI Securities expects Jio Platforms' ensuing IPO to fetch "premium valuations", as was the case in the high-profile equity raise of FY21, and has pegged the company's equity value at $148 billion by September 2027.
Donald Trump has appointed Markwayne Mullin as the new Secretary of Homeland Security, replacing Kristi Noem, who will take on the role of Special Envoy for 'The Shield of the Americas' initiative.
Maharashtra Minister Chandrashekhar Bawankule blames the State Election Commission (SEC) for the Bombay High Court's decision to defer the counting of votes for local bodies polls, citing 'misinterpretation of laws'.
According to the final tally, the BJP won 1,425 out of a total 2,869 seats, Shiv Sena 399, Congress 324, NCP 167, Shiv Sena-UBT 155, NCP-SP 36, MNS 13, BSP 6, parties registered with the SEC 129, unrecognised parties 196, and 19 independents.
US short-seller Hindenburg Research has said it is not under investigation by the US SEC as it rubbished alleged links of its founder to a hedge fund for preparing reports targeting companies.
Secretary of State Marco Rubio urged its citizens to immediately depart from several Middle Eastern countries, citing "serious safety risks."
Data from the State Election Commission reveals that over 11 lakh voters in Mumbai have duplicate enrolments in the electoral roll. The SEC has extended the deadline for submitting objections, and opposition leaders have alleged irregularities in the voter list revision.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries.
The State Election Commission will adopt the voters' list of the assembly elections for civic polls, the Bombay high court was told on Tuesday, while hearing a plea by an 18-year-old woman who claimed her application to enrol as a voter after she turned 18 in April 2025 was not accepted.
Maharashtra is set to hold local body elections for municipal councils and nagar panchayats, marking the first phase of a Supreme Court-mandated process. The elections are seen as a key indicator of political sentiment following the BJP-led Mahayuti's victory in the assembly elections.
The pause gives the US time to breathe, to regroup, to move its expeditionary force into position without risk of interception along the way. It gives Iran nothing -- on the ground, attacks against its infrastructure continue apace. Prem Panicker in his must read daily blog on the Gulf War.
