A 62-year-old Indian-origin man, now a US citizen, faces denaturalisation proceedings for allegedly defrauding investors of USD 2.5 million and concealing this from US authorities.
Indian benchmark indices, the BSE Sensex and NSE Nifty, snapped a four-day losing streak, with the Sensex climbing 382 points, primarily driven by a strong rally in IT sector shares. Major IT firms like TCS, Infosys, and HCL Tech saw significant gains, contributing to the market's recovery.
Prime Minister Narendra Modi has begun a six-day tour of the UAE, the Netherlands, Sweden, Norway and Italy to strengthen bilateral relations amid geopolitical challenges. The trip will focus on energy security, trade, and technological cooperation.
The Reserve Bank of India has increased its retail inflation projection for 2026-27 to 5.1 per cent, up from an earlier estimate of 4.6 per cent. This revision is primarily attributed to mounting input costs, driven by the pass-through of higher global energy prices to domestic petrol and diesel rates, which have seen significant increases since May.
The Indian government has imposed a new windfall gains tax of Rs 3 per litre on petrol exports, while simultaneously reducing the levy on diesel to Rs 16.5 per litre and aviation turbine fuel (ATF) to Rs 16 per litre, effective May 16.
Russian President Vladimir Putin has offered New Delhi Russia's fifth-generation stealth aircraft Sukhoi Su-57 and even suggested that the combat jet could even be jointly produced in India in line with the strong strategic partnership between the two countries.
Nvidia CEO Jensen Huang has publicly endorsed Marvell Technology as a potential 'trillion-dollar company,' citing its crucial role in developing advanced connectivity solutions for next-generation artificial intelligence infrastructure. This endorsement, made at Computex 2026, follows a significant Nvidia investment in Marvell and highlights the industry's shift towards optical interconnects to meet the demands of large-scale AI systems.
A source familiar with US Treasury Secretary Scott Bessent's thinking revealed on Saturday that the department "intends to utilise all available authorities to make Iranian assets accessible for rebuilding and repair efforts related to any future damage inflicted by Iran."
The rupee weakened to a record low against the US dollar due to Gulf tensions, rising oil prices, and foreign capital outflows.
Union Minister Ashwini Vaishnaw highlights the growing demand for AI-related jobs in India and the transformation needed in the IT industry. He also mentions significant investments in data centres and subsea cable networks to boost digital infrastructure.
A 35-year-old man from Thane district was allegedly cheated of Rs 2 lakh in a US dollar exchange fraud in Navi Mumbai. The victim was shown bundles appearing to contain US currency, but they turned out to be paper rolls and soap bars.
The Reserve Bank of India (RBI) has debunked reports of gold sales, stating that its physical stock of gold remains unchanged at 880.52 tonnes, countering claims of selling approximately USD 12 billion to protect foreign-currency reserves.
The Pakistan Hockey Federation (PHF) has confirmed that the government has released funds for the national team's participation in the FIH Nations League and the FIH World Cup. However, player Abdul Hannan Shahid has raised concerns about low daily allowances and lack of financial support for players.
Sterlite Technologies plans to invest up to USD 100 million in the US to strengthen its manufacturing capacity for AI data centres and telecom customers.
Indian Grandmaster R Praggnanandhaa defeated Javokhir Sindarov in the second round of the Super Chess Classics. Other results from the round include victories for Maxime Vachier-Lagrave and Vincent Keymer, while Fabiano Caruana and Wesley So drew their respective matches.
UK-based Gorilla Technology Group is expanding its AI infrastructure collaboration with Yotta Data Services in India, deploying additional GPU cards to support large-scale AI compute infrastructure.
Indian stock market benchmark indices closed higher, driven by strong performance in blue-chip bank shares and a positive trend in global markets, with hopes of progress in US-Iran peace negotiations also contributing to optimism.
Indian benchmark indices Sensex and Nifty traded lower amid volatile trends, influenced by escalating geopolitical uncertainties in West Asia and fresh outflows from Foreign Institutional Investors (FIIs).
Indian Grandmaster R Praggnanandhaa drew with Alireza Firouzja in the first round of the Super Chess Classics in Bucharest, while other games also ended in draws.
Shi Yongxin, the former head priest of China's Shaolin Temple, has been sentenced to 24 years in prison on graft charges, including embezzlement and bribery.
Indian equity benchmark indices, Sensex and Nifty, ended marginally lower in a volatile trading session, surrendering early gains due to profit-taking in blue-chip stocks and persistent macroeconomic concerns, despite positive global cues.
The Supreme Court has scheduled a July hearing for the Rs 500 crore money decree case involving Ras Al Khaimah Investment Authority (RAKIA) and industrialist Nimmagadda Prasad, following the failure of a mediation process led by former Chief Justice of India U U Lalit.
A new report by Google and Deloitte projects India's e-commerce market will nearly triple to USD 250 billion by 2030, driven by Gen Z shoppers, quick commerce expansion, and AI.
The Centre has informed the Supreme Court that 217 Indian nationals reportedly joined the Russian armed forces, with 49 fatalities amid the Russia-Ukraine war, and efforts are underway to repatriate those who were misled.
Five Indian relay teams are set to compete in the World Athletics Relays in Gaborone, Botswana, aiming to secure qualification for the 2027 World Athletics Championships in Beijing.
Foreign secretary Vikram Misri on Friday shared key details on agreements between India and the UAE, stating that the UAE will store up to 30 million barrels of crude oil in India's strategic petroleum reserve following Prime Minister Narendra Modi's visit.
Indian benchmark equity indices, Sensex and Nifty, closed lower due to investor caution over rising bond yields, a weaker rupee, and fresh fuel price hikes, which have revived inflation concerns.
Indian benchmark indices Sensex and Nifty closed lower, snapping a two-day rally, as a spike in crude oil prices, triggered by reports of fresh US military operations in southern Iran, dampened investor sentiment and reignited fears of renewed energy supply disruptions.
Indian benchmark indices, Sensex and Nifty, opened lower on Tuesday, driven by a surge in global crude oil prices and continued outflows by Foreign Institutional Investors (FIIs), reflecting fragile market sentiment influenced by external factors.
The US has announced federal charges against Nazeer Hameed, an Indian national, for his alleged involvement in the 2017 murder of Sasikala Narra and her six-year-old son Anish Narra in Maple Shade, New Jersey. Hameed fled to India after the murders and now faces charges for unlawful flight to avoid prosecution.
Indian equity benchmark indices, Sensex and Nifty, tumbled nearly 2 per cent for the fourth consecutive session, driven by elevated crude oil prices, escalating US-Iran tensions, unabated foreign fund outflows, and a depreciating rupee.
Indian equity benchmark indices, Sensex and Nifty, tumbled nearly 2 per cent for the fourth consecutive session, driven by elevated crude oil prices, escalating US-Iran tensions, unabated foreign fund outflows, and a depreciating rupee.
MNS president Raj Thackeray questions the fuel consumption during recent election campaigns, asking if austerity measures are only meant for the common people.
HS Prannoy and Lakshya Sen secured impressive victories to advance to the second round of the Singapore Open Super 750 badminton tournament, while other Indian players faced setbacks.
The rupee appreciated 53 paise to close at 89.67 against the US dollar on Friday, supported by corporate dollar inflows and easing crude oil prices. Forex traders said a positive trend in domestic equities and Brent crude oil prices hovering near $59 per barrel supported the domestic unit at lower levels.
PV Sindhu secured a straight-game victory at the Singapore Open, while Satwiksairaj Rankireddy and Chirag Shetty also advanced. Other Indian shuttlers faced setbacks in the tournament.
Indian golfer Trishul Chinnappa recovered with five birdies in the last six holes to move into the top 10 after the first round of the AM Green IGPL Morocco Rising Stars 2026.
Indian benchmark equity indices, Sensex and Nifty, rebounded on Wednesday, recovering intraday losses, primarily driven by strong fag-end buying and a significant rally in blue-chip Reliance Industries.
Indian stock markets are expected to remain highly sensitive to geopolitical developments, particularly the US-Iran situation, and crude oil prices this week, with analysts also highlighting the influence of the rupee-dollar trend, foreign investor activity, and upcoming inflation data.
Gautam Adani emphasised the importance of energy security and digital infrastructure in shaping geopolitical power, urging India to develop sovereign capabilities across the AI value chain.
