A fire at the underground T2 Airport Metro Station in Mumbai caused a brief disruption to metro services and the evacuation of passengers. No injuries were reported, and normal operations have resumed.
India's services sector growth reached a five-month high in April, with the HSBC India Services PMI Business Activity Index rising to 58.8, primarily driven by robust domestic demand and a shift from international to local suppliers amidst the West Asia crisis.
Coforge believes that the rapid adoption of AI is disrupting the traditional labour model but also creating new high-margin opportunities in the IT services industry.
Himanta Biswa Sarma was sworn in as the chief minister of Assam for a second consecutive term, along with four other ministers, marking the formation of the third successive NDA government in the state.
ServiceNow, a leading AI platform for business transformation, is highly optimistic about its growth prospects in the Indian market, according to President and Chief Product Officer Amit Zavery.
Wipro reported Q4FY26 IT services revenue of $2.6 billion, a modest 0.2 per cent Q-o-Q constant currency growth, with adjusted operating profit margin beating estimates at 17.2 per cent. The company announced a significant share buyback of ~15,000 crore, but faces near-term growth challenges, particularly in the BFSI segment, and has issued a soft Q1FY27 revenue guidance.
The Union government has informed the Bombay High Court that Agniveers are not "similarly situated" as regular soldiers and hence, cannot claim parity in pensionary benefits for their next of kin in the event of death in action.
Indian IT stocks experienced a significant downturn following OpenAI's acquisition of consulting firm Tomoro, intensifying fears that global AI companies are encroaching on traditional IT service models through end-to-end consulting and implementation services.
Kerala's Chief Electoral Officer, Ratan U Kelkar, addressed concerns regarding the release of detailed polling data from the recent Assembly elections, defending the timeline and transparency of the process.
Jio Platforms has announced the appointment of Akash Ambani as its managing director for a five-year term, effective from April 9, 2026, as the digital services company prepares for its highly anticipated Initial Public Offering.
Prime Minister Narendra Modi has strongly refuted a media report suggesting the government is considering levying a tax, cess, or surcharge on foreign travel, calling the news "totally false".
A Bengaluru court has sentenced Congress MLA Vinay Kulkarni to life imprisonment for the murder of BJP leader Yogeshgouda Goudar. The court also sentenced 15 others to life imprisonment in connection with the 2016 murder case.
A Rajasthan Police constable has been dismissed from service after being found involved in drug trafficking. The constable, Vinod Singh, was arrested for allegedly transporting 244 grams of smack and was booked under the NDPS Act.
Three resident doctors at Jawaharlal Nehru Medical College Hospital in Aligarh have been suspended and booked by police after a clash with patients' attendants. Emergency services at the hospital have been severely affected for three days. The doctors face charges including rioting and assault.
Abduction remains the most common motive, accounting for more than half of kidnapping cases, followed by abduction of women for marriage.
The Centre has extended the tenure of CBI chief Praveen Sood by one year, marking his second extension in office. The decision follows a meeting of the selection committee headed by Prime Minister Narendra Modi.
Mahindra & Mahindra (M&M) is largely bullish among analysts following its Q4FY26 results, driven by strong SUV demand, a robust product pipeline, and improving growth visibility across segments, despite near-term margin pressures from rising commodity costs and potential weakness in the tractor cycle.
Union Power Minister Manohar Lal Khattar has lauded the Bhakra Beas Management Board (BBMB) for its effective management of water and power resources, catering to the needs of partner states. The event marked 50 years of the BBMB.
The Supreme Court has directed the Centre to rationalise airfares and provide relief to flyers, highlighting discrepancies in pricing for the same routes and airlines. The court is addressing a plea seeking a robust regulator to ensure transparency and passenger protection in the civil aviation sector.
The Pension Fund Regulatory and Development Authority (PFRDA) has launched a new Retirement Income Scheme (RIS) and drawdown options under the National Pension System (NPS), offering greater flexibility for managing pension savings post-retirement. Additionally, PFRDA has eased annuity surrender rules, allowing exits in cases of critical illness or for older contracts with explicit surrender clauses.
UPI transactions reached 22.35 billion in April, marking a 25 per cent increase compared to April 2025. UPI now accounts for 85 per cent of all digital transactions in India and is live in eight countries.
The first direct Vande Bharat Express service between Jammu and Srinagar has commenced commercial operations, significantly reducing travel time between the two cities and enhancing rail connectivity in the region.
Fire-related emergencies in Delhi surged by 73% in April compared to March, with 32 deaths reported in fire accidents between January and April, according to official data from the Delhi Fire Services.
A Jefferies report warns that the IT services sector is set for a structural shift due to AI, requiring talent and operating model overhauls and increasing cyclicality.
A consumer commission in Nagpur, Maharashtra, has penalised Axis Bank for deficiency in service, ordering a refund and compensation to a customer over a failed ATM transaction from 2018.
A Pune-based college has announced disciplinary action against a biology lecturer arrested by the CBI for her alleged involvement in the NEET-UG 2026 paper leak case. The lecturer, part of the NTA's paper-setting committee, is accused of leaking questions to students for a fee.
Experts say cold-rolled formed engineering solutions are driving a sustainability shift in the mining sector as the process generates minimal scrap, which can reduce waste generation by up to 80 per cent compared to conventional methods.
Indian defence stocks have seen an average year-on-year gain of 67 per cent, driven by renewed interest following 'Operation Sindoor' and a broader increase in global geopolitical tensions, with the combined market capitalisation of 18 firms increasing by approximately 2.3 trillion.
The Indian government has increased import duties on gold and silver from 6 per cent to 15 per cent to curb inbound shipments of precious metals amid a rising import bill due to the West Asia crisis.
IT services major LTM is set to introduce a new pricing framework, 'Blueverse Credit', in the first quarter of FY27, aiming to align monetisation with the growing adoption of agentic artificial intelligence.
Infosys reported a 20.8 per cent increase in consolidated net profit to 8,501 crore for the January-March quarter of FY26, with revenue from operations rising 13.4 per cent to 46,402 crore. The IT major has guided for a 1.5 to 3.5 per cent revenue growth for FY27, driven by momentum in financial services, utilities, and emerging AI services, despite a volatile macroeconomic environment and geopolitical risks.
Shares of Avenue Supermarts, operator of DMart, fell 5.2 per cent after reporting mixed Q4 FY26 results, with brokerages offering divergent 'sell', 'buy', and 'hold' ratings based on factors like valuation, competitive intensity, and store expansion strategies.
The Indian banking sector is projected to experience a steady 9-13 per cent industrial credit growth in the first half of 2026, driven by capital expenditure, infrastructure development, and sectoral demand recovery, according to a Ficci-IBA survey.
The Indian government has notified final rules under four labour codes, potentially enabling a four-day workweek in certain sectors by capping weekly working hours at 48 while allowing daily flexibility. This move also introduces significant changes to wage fixation, compliance obligations, and social security norms.
Fintech giant Paytm reports a consolidated profit of Rs 183 crore in Q4 FY26, marking a significant turnaround driven by its core payments business, growth in loans, and consumer-side profitability. The company is also prioritising investments in AI and has ruled out applying for an NBFC licence.
The BJP has criticised Mamata Banerjee's appearance in the Calcutta High Court as an advocate, calling it a political stunt. The Bar Council of India has requested a report on her enrolment and practice status, leading to a debate over her legal credentials and the norms governing legal practice.
'As re-industrialisation gathers pace across regions like Asia, Europe and the US, a wide range of products and inputs will see demand.'
Ola Electric is making a renewed push into the electric motorcycle market with aggressive pricing and in-house battery manufacturing, aiming to replicate its earlier success in electric scooters while addressing past quality and service issues.
A Nashik court has remanded Nida Khan, an employee of Tata Consultancy Services (TCS), in police custody until May 11 in connection with a sexual harassment and religious coercion case. The police are investigating allegations of forced religious conversion and potential links to other conversion rackets.
Bernstein brokerage firm maintains 'Outperform' rating for Paytm, stating the PPBL licence cancellation will not impact Paytm's business and may open new regulatory opportunities.
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