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INDIA MARKET | Sat, 9 May 2026, 7:01AM IST United Breweries is expanding district by district in Maharashtra as premium beer demand rises and consumption spreads beyond major cities.

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17m

INDIA MARKET | Sat, 9 May 2026, 7:00AM IST Sambhv Steel Tubes, Birla Corporation and Medi Assist Healthcare Services are among the key names that will declare their quarterly earnings on May 9.

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18m

INDIA NEWS | Sat, 9 May 2026, 6:28AM IST The Trump administration on Friday appealed a court ruling that found a 10% global tariff imposed in February was not justified under a 1970s trade law. The U.S. Court of International Trade ruled on Thursday in a 2-1 decision that Section 122 of the 1974 Trade Act was not meant to address trade deficits that occur when the U.S. imports more goods than it exports. The court, however, only blocked the tariffs for three importers that sued - two small businesses and the state of Washington.Also read: Trump's tariff tantrums may leave India exposed to a 'one-sided' trade deal: GTRI While the ruling applies to a set of levies due to expire in about two months, it marks another setback for Trump's global tariff ambitions and comes a week before he is due to discuss trade tensions with Chinese President Xi Jinping in Beijing. It also sets the stage for another protracted legal battle over billions of dollars' worth of tariff refunds, three months after the U.S. Supreme Court struck down Trump's sweeping global tariffs imposed under a national emergencies law. Trump blamed the trade court decision on "two radical left judges" when speaking to reporters on Thursday. U.S. Trade Representative Jamieson Greer said on Friday the Trump administration expects to prevail in the appeal, although he also expressed confidence in earlier tariffs that were ultimately invalidated by the U.S. Supreme Court.Also read: India, US 'very close' to trade deal, need to get over last hurdle, Deputy Secretary of State Christopher Landau says The Supreme Court ruled in February that Trump had no authority to impose the earlier tariffs under the International Emergency Economic Powers Act, leading Trump to impose replacement tariffs of 10% on all imports using Section 122 of the Trade Act. The new tariffs were a temporary replacement, and they were due to expire on July 24 unless extended by Congress. The Trump administration still plans broader tariffs on major trading partners by invoking a third law that has withstood numerous legal challenges, Section 301 of the Trade Act of 1974, which covers unfair trade practices. It has three Section 301 tariff investigations underway due for completion in July.

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50m

INDIA MARKET | Sat, 9 May 2026, 6:21AM IST McDonald's India defended fast food nutrition after an executive said some meals may be "better than what you eat at home". Here's why.

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57m

INDIA BUSINESS | Sat, 9 May 2026, 6:14AM IST U.S. and Iran's efforts to end their conflict stall amid renewed clashes in the Gulf. A U.S. intelligence assessment suggests Iran can withstand a naval blockade for months, while Tehran accuses Washington of breaching a ceasefire. The U.S. also imposed new sanctions on individuals and companies aiding Iran's military.

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1h

INDIA BUSINESS | Sat, 9 May 2026, 6:00AM IST India's top retailers added 2,182 stores in FY26, the highest in three years, driven by rising demand, tax cuts, and growing consumer preference for organised retail in smaller towns.

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1h

INDIA NEWS | Sat, 9 May 2026, 6:00AM IST Kolkata: Indias top retail chains including Reliance Retail, DMart, Trent, Titan Company, Jubilant FoodWorks, and V-Mart Retail opened the highest number of stores in three years in FY26, seeking to capitalise on a demand recovery and a clean-up of unviable outlets added during the post-Covid revenge-spending period.Entry into smaller towns and cities where many consumers continue to prefer shopping at physical stores over online is also influencing the expansion plans.An ET study of the 10 largest listed retailers showed they added 25% more stores in the last fiscal year compared to FY25. Additions are on a net basis after accounting for loss-making outlet closures.Also Read: Reliance Retail buys Priyanka Chopra Jonas Anomaly in beauty expansion push130966547Collectively, the retailers added 2,182 stores in FY26, equivalent to six new stores a day on a net basis. In comparison, they added 1,745 stores in FY25 and 1,865 in FY24.Retailers attributed the store expansion spree to improving consumer sentiment, helped further by cuts in income tax and goods and services tax (GST) rates last fiscal, along with low penetration of organised retail in smaller towns and cities. Together, the ten retailers had 31,394 stores operational as of March 2026.Expansion Set to Continue00:39 -V-Mart Retail chief executive officer Lalit Agarwal said the ongoing shift from unorganised to organised retail is fuelling this expansion as several companies are meeting their sales growth expectations. Many retailers have also raised capital, which they are deploying to grow topline, he said, adding that the growth phase will continue in the current fiscal as well.Also Read: From Meerut to Mysuru - Amazon Now bets on non-metro markets. What lies ahead?Companies surveyed by ET also include Shoppers Stop, Westlife Foodworld, V2 Retail and Kalyan Jewellers. Together, the ten retailers had 31,394 stores operational as of March 2026. Their combined store count grew 7% in FY26, ahead of a 6% expansion in the year before.Reliance Retail alone added 820 net stores last fiscal, rebounding from a slowdown in FY25 when it shut several unviable outlets that were opened immediately post Covid, impacting overall industry growth rates. The countrys largest retailer had added 504 net stores in FY25, 796 in FY24, and 2,844 in FY23.Similarly, Tata-owned Titan added 532 stores in FY23, but expansion moderated to 280-290 stores annually in FY25 and FY26.Indias retail industry saw hyper expansion in late FY22 and FY23 as retailers sought to tap a boom in post-pandemic revenge shopping.Retail expansion now is more organic and measured as compared to the post Covid phase when there was a huge backlog of demand and over expansion, said Devangshu Dutta, founder and CEO at Third Eyesight, a consultancy in consumer space.

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1h

INDIA BUSINESS | Sat, 9 May 2026, 5:00AM IST Qualcomm is entering the competitive data center AI chip market. The company plans to launch unique CPU chips for agentic AI and AI accelerators. Custom chips for hyperscalers will ship by year-end. Qualcomm also diversifies into AI wearables, automotive, and telecom infrastructure. The company sees significant growth potential in these areas.

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2h

GLOBAL NEWS | Sat, 9 May 2026, 4:54AM IST More than 100 passengers and 13 crew members on the Caribbean Princess reported being ill, according to the Centers for Disease Control and Prevention.

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2h

GLOBAL NEWS | Sat, 9 May 2026, 4:44AM IST The new measures are focused on Chinese companies that supply Irans military with materials to make drones.

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2h

GLOBAL NEWS | Sat, 9 May 2026, 2:41AM IST The suit, filed by bowlers from several states, accuses Lucky Strike Entertainment of driving up prices and diminishing customers experiences across the country.

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4h

GLOBAL NEWS | Sat, 9 May 2026, 2:38AM IST Under the agreement, Agri Stats would pay a fine and broaden whom it sold its pricing data to. The department said the move would help reduce food costs.

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4h

GLOBAL NEWS | Sat, 9 May 2026, 2:10AM IST Dr. Makary has been a supporter of the Make American Healthy Again Movement but made some enemies in the administration over vaping, the abortion pill and rejections of new drugs.

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5h

GLOBAL NEWS | Sat, 9 May 2026, 1:34AM IST Investors weighed data on the American jobs market and conflicting signals about status of the conflict in the Persian Gulf.

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5h

INDIA MARKET | Sat, 9 May 2026, 1:32AM IST The S&P 500 and Nasdaq reached record highs, driven by AI-related stocks like Nvidia and Sandisk, alongside a resilient jobs report. Despite broad sector declines, strong first-quarter earnings, particularly from tech giants, fueled investor optimism. This surge occurred despite rising oil prices and Middle East tensions, highlighting the market's focus on corporate performance and economic strength.

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5h

INDIA MARKET | Sat, 9 May 2026, 1:13AM IST Applied Aerospace & Defense, a government contractor backed by private equity, has filed for a U.S. IPO after seeing its revenue jump 24.8% to $498.8 million in 2025. Despite a net loss of $17 million, the company's strong growth and its role in supplying critical defense hardware are drawing attention.

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6h

INDIA BUSINESS | Sat, 9 May 2026, 1:06AM IST Air India is tightening its belt. Facing global challenges, the airline is cutting costs. This move comes after significant expansion. Management aims to save money without harming service improvements. Salary raises are delayed. The airline is optimising routes and improving on-time performance.

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6h

INDIA BUSINESS | Sat, 9 May 2026, 12:57AM IST Britannia is adopting a 'Many Indias' strategy. Startup-style teams will gain local decision-making power. This move aims to boost agility and product customisation for regional markets. The company is also investing in premium products and new food categories. These changes are expected to yield results in the coming quarters.

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6h

INDIA BUSINESS | Sat, 9 May 2026, 12:57AM IST Hyundai India is investing 7,500 crore and launching two new models this fiscal year to capitalize on rising demand. The company plans to expand its Pune facility, boosting annual capacity to 1.14 million units by 2030. Despite a profit dip in Q4 FY26, domestic sales and exports showed strong growth, with record rural penetration and CNG contributions.

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6h

INDIA BUSINESS | Sat, 9 May 2026, 12:53AM IST Cricket in India is becoming more than just a sport. Broadcasters and streaming services are creating new shows and content around cricketers. This aims to keep fans engaged throughout the year. Platforms are partnering with teams and players for original programming. This shift creates new opportunities for brands to connect with audiences.

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6h

INDIA MARKET | Sat, 9 May 2026, 12:33AM IST Artificial intelligence startup Anthropic has secured a significant computing deal worth $1.8 billion with Akamai Technologies. This agreement addresses the growing demand for Anthropic's AI software. Akamai's stock saw a substantial rise following the announcement of a long-term cloud deal with a major AI partner. The company is well-positioned to access necessary components for AI development.

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6h

INDIA BUSINESS | Sat, 9 May 2026, 12:24AM IST Indian oil companies face significant monthly losses on petrol, diesel, and LPG. This is due to selling fuels below international rates, which have risen sharply. While some fuel prices have increased, regular petrol and diesel prices remain unchanged. This situation is impacting the earnings of Indian Oil, HPCL, and BPCL, with their shares seeing a decline.

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6h

INDIA NEWS | Sat, 9 May 2026, 12:21AM IST Just ten years ago, social media in India was flooded with insults like Macaulay-putra and Presstitutes. There was open contempt for intellectuals. There was a movement to say how Max Mueller and Macaulay had destroyed India, but a new Bharat was emerging - one that would decolonise itself, become the world's Vishwaguru, control global discourse, stop wars and teach humanity the secrets of dharma. NRIs cheered loudly, celebrating what they called India's true freedom and triumphant return to greatness.Yet today, the picture looks very different. India seems to be bowing before both China and the United States, countries that eat beef and pork, food held in contempt by Satvik folks, the purest of the pure in India. China claims Indian land, and our own laser-eyed foreign minister admits we cannot push back because our economy depends on Chinese imports. In the conflicts unfolding in West Asia and around the Strait of Hormuz, we are being told whom to buy petrol from and whom not to. Not one Indian leader challenges a tweet that refers to India as 'hellhole'. Is this discretion or submission? Have we been reduced to Trump-dasis, minions of Trump?On public forums, journalists argue that India need not play a mediating role; it is perfectly fine, they say, if Pakistan does it instead. Rather than competing with great nations like America and China, India finds satisfaction in measuring itself against a failed state like Pakistan. While China pulls people out of poverty, our government pulls people out of voter lists.At this moment, it is worth reminding ourselves of a deeper historical truth: India has always been sandwiched between East Asia and West Asia. From the West, came horses. From the East came gold. India itself was the land of cotton - it had neither metal nor horses.Many Indians proudly claim that we never invaded foreign lands. This is not entirely true. The Chola kings, backed by South India's powerful merchant lobby, sailed across the seas a thousand years ago and tried to control the Malacca Straits. They also invaded Sri Lanka for its copper mines - and it was during this period, around 10th century AD, that Sri Lanka came to be associated with Ravana's Lanka. Whether we call these expeditions "invasions" is a matter of perspective, but they certainly were not the conquests of peace-loving sages. Significantly, during this time period, what Hindus referred to as 'Ram-Setu' came to be known in the Arab world as 'Adam's Bridge'.Indian ideas did travel - but mostly eastward. The Ramayana spread to Cambodia and Java, where Hindu temples still stand. Westward, however, religious ideas could not penetrate easily, because the West was already shaped by strong monotheistic traditions. What did travel West was India's secular literature: Panchatantra and the Shukasaptati journeyed across, eventually giving rise to works like Tutinama and Arabian Nights. Arabs saw India as the land of idolatry. They still refer to idols as 'buth', a word derived from Buddha.The exchange ran both ways. Chinese ideas of immortality, of yin and yang, deeply influenced Indian tantric thought - including alchemical ideas and concepts like ida and pingala. From China came paper, pen and gunpowder. India was never an isolated civilisation discovering everything on its own; it was a great crossroads, constantly absorbing and adapting.Mosques appeared on Indian coasts from 700 AD and influenced ideas of devotion and ideas such as all-powerful and all-merciful god who is formless. Under Islamic influence, many Hindus chose the formless or nirguna form of the divine over the saguna form, enshrined in temples. The Nath-Yogis said, 'Alakh Niranjan' arguing that their god had no form and was invisible and had no blemish. They rejected temples. Was this under Islamic influence? North India chose to see divinity through song and theatre, but in South India kings established grand temples with gopurams, defiantly showing idols of gods and goddesses.This historical reality matters today because the Vishwaguru fantasy ignores it. India's strength has never come from imagined civilisational supremacy or from screaming insults at "Macaulay's children". It came from being open, curious and skilled at trade while remaining honest about our limits. A nation that cannot stand up to China, that flatters Trump despite his contempt, and that competes only with Pakistan is not a Vishwaguru. It is a country in denial.Decolonisation is not achieved by referring to intellectuals as Urban-Naxals or rewriting textbooks. It is achieved by building genuine economic, intellectual and military strength - and by accepting the truth that India has always been part of a connected, interdependent world. Pretending otherwise is not pride. It is not decolonisation. It is self-deception.

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6h

INDIA BUSINESS | Sat, 9 May 2026, 12:20AM IST India's competition watchdog has launched a probe into French liquor giant Pernod Ricard. Allegations suggest exclusive deals with retailers in New Delhi aimed to boost its brands. The Competition Commission of India found merit in claims of financial support to retailers in exchange for stocking Pernod products. This action could distort demand and limit consumer choice.

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6h

INDIA MARKET | Sat, 9 May 2026, 12:11AM IST Manchester United captain Bruno Fernandes is one assist away from equalling the Premier League's single-season assist record.

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7h

INDIA MARKET | Sat, 9 May 2026, 12:02AM IST Odyssey Therapeutics debuted on Nasdaq with an 11.1% surge, reaching a $899.9 million valuation. The autoimmune disease specialist successfully raised $279 million in its IPO, exceeding its target. This strong performance signals a revitalized biotech IPO market, with investors showing renewed confidence. Founder Dr. Gary D. Glick's prior success further bolsters investor appeal.

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7h

INDIA MARKET | Fri, 8 May 2026, 11:58PM IST Strong U.S. hiring data in April has diminished the likelihood of Federal Reserve interest rate cuts this year, bolstering the stance of officials concerned about rising inflation. The robust job market, coupled with surging energy prices, suggests the Fed may need to maintain current rates for an extended period, impacting prospective Fed Chair Kevin Warsh's policy goals.

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7h

INDIA MARKET | Fri, 8 May 2026, 11:55PM IST Jane Street achieved a record $16.1 billion in trading revenue for the first quarter, driven by market volatility and gains in AI company stakes. The firm more than doubled profits to $10.3 billion, solidifying its lead in high-frequency trading. Medium-frequency strategies and investments in AI firms like Anthropic and CoreWeave significantly boosted performance.

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