US stocks today: US stocks today: US stocks fall from record high on Middle East worries
INDIA MARKET | Tue, 5 May 2026, 1:35AM IST
Wall Street indices retreated from record highs as an explosion on a South Korean ship in the Strait of Hormuz and renewed Middle East tensions overshadowed strong first-quarter earnings reports. Energy stocks saw gains amid the confrontations, while concerns about geopolitical risks weighed on market optimism.
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John Williams says Fed policy well positioned for economic risks, uncertainty
INDIA MARKET | Tue, 5 May 2026, 1:18AM IST
New York Fed President John Williams believes monetary policy is ready for Middle East war uncertainty. He anticipates interest rate cuts once inflation eases. Economic growth is expected to remain resilient. Inflation challenges persist due to tariffs and energy costs. Williams noted potential for more severe supply shocks. The Fed remains in a wait-and-see mode regarding policy adjustments.
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New York Times Wins 3 Pulitzer Prizes
GLOBAL NEWS | Tue, 5 May 2026, 1:13AM IST
The Washington Post won the award for public service, considered the most prestigious of the Pulitzers, for its coverage of the Trump administrations overhaul of federal agencies.
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Pulitzer Prizes: 2026 Winners List
GLOBAL NEWS | Tue, 5 May 2026, 1:12AM IST
Here is the full list of winners and finalists.
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Sona Comstar sets sights on acquisitions, EV-focused order book to drive growth
INDIA BUSINESS | Tue, 5 May 2026, 12:48AM IST
Sona Comstar is actively seeking acquisitions to utilize its substantial cash reserves. The auto-components maker is building on a large order book, with a growing emphasis on electric vehicles. The company is open to deals up to 2,000 crore or more, targeting technology and new product adjacencies. While domestic acquisitions are preferred, international options are not ruled out.
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Carlyle buys RCM providers Knack & Equalize for $600 million
INDIA BUSINESS | Tue, 5 May 2026, 12:46AM IST
Carlyle Group is building a global healthcare revenue cycle management platform. The firm acquired majority stakes in US companies Knack and Equalize. These companies will merge to form a new entity. Carlyle plans to invest significantly and aims for a public listing this fiscal year. This move strengthens their presence in technology and tech-enabled services.
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Pharma exports surpass $31 billion in FY26 despite global headwinds
INDIA BUSINESS | Tue, 5 May 2026, 12:43AM IST
Indian pharmaceutical exports reached over $31 billion in FY26. March saw a significant 23% drop, primarily due to a slowdown in the United States and China. However, other markets like Africa and Oceania showed strong growth. Vaccines emerged as the fastest-growing export category. The industry is navigating challenges in key markets while exploring new growth avenues.
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NCLT upholds Aanand Rai's plea in row with Eros International
INDIA BUSINESS | Tue, 5 May 2026, 12:41AM IST
The NCLT has permitted filmmaker Aanand L Rai to pursue arbitration in a dispute with Eros International Media. The tribunal deemed Eros's petition a 'dressed-up petition' intended to bypass their arbitration agreement. This ruling favors Rai, directing the matter to arbitration as originally agreed. The NCLT's decision highlights the importance of contractual arbitration clauses.
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BJP Bengal gains may boost reforms push
INDIA NEWS | Tue, 5 May 2026, 12:40AM IST
New Delhi: The BJP's latest electoral surge, especially in West Bengal, could spur greater Centre-state policy alignment and aid the Union government's reforms push as the economy grapples with the fallout of the West Asia war and a below-normal monsoon forecast, economists said on Monday.The dominant National Democratic Alliance constituent at the Centre has registered its maiden victory in West Bengal, retained Assam and Puducherry (with alliance partners) and won a record three seats in Kerala. It won only one seat in Tamil Nadu, against four in 2021.Also Read: How BJP's well-oiled vote machine breached Mamata's Bengal fortressBut its win in West Bengal-which has been hit by deindustrialisation and frequent Centre-state rows-remains the most consequential for India's growth prospects, if the winds of political change lead to a raft of economic reforms, the economists said.130810506Centre-state ties switching to cordiality from confrontation could bolster the implementation of several growth-supporting and welfare schemes, and draw long-elusive private investors back to Bengal, they said.Given its long-running, below-par economic performance, the state has greater space to expand faster and aid the national growth rate, they said. Better alignment can streamline tax and other reforms as well at the state level."What these elections can change is the economic outlook for Eastern India," said Sonal Varma, managing director and chief economist, India and Asia ex-Japan, at Nomura. "So far, the southern states and a few of the western states (Gujarat, Maharashtra) have been the economic powerhouses. We could see eastern India gradually become an important driver of India's overall growth."Also Read: Mamata Banerjee loses Bhabanipur to Suvendu AdhikariThe BJP's win marks an expansion of its reach beyond traditional strongholds in the northern and western parts, said Radhika Rao, senior economist and executive director at DBS Bank.Sectors, including infrastructure, defence, industrial electrification, ports and manufacturing could benefit from this shift, she said."Winning parties will be expected to pursue welfare programs as well as growth-oriented policies, while markets will await clarity on concrete changes in the reform framework as well as larger growth strategy," Rao said.Eastern India has long faced economic growth and development challenges, said NR Bhanumurthy, director of the Madras School of Economics. "The Bengal result could foster better Centre-state collaboration. This should speed up measures to boost ease of doing business and help invigorate West Bengal's industrial landscape, which would support the state's growth," he said.Several schemes rolled out by the Centre-especially those for farmers (PM-Kisan), rural employment (MGNREGS), housing (PMAY-G) and healthcare (Ayushman Bharat)--allegedly witnessed brief or faulty implementation in West Bengal, which launched its own programmes in certain instances. The BJP victory may also result in better implementation of some of these schemes, benefiting mainly the poor.Brightening outlookOver the medium-term, if the focus shifts to more infrastructure and industrial development-and if West Bengal addresses its investment climate challenges-then big-ticket private investment could start, Nomura's Varma said.When the same political party governs both the Centre and a state, it can ease implementation. "But ultimately, the depth and success of reforms depend on how dynamic and adaptive state governments are," said Sunil K Sinha, professor of economics at the Chandigarh-based Institute for Development and Communication.
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Wadia Group's Bombay Realty launches luxury project in Mumbai's Dadar
INDIA BUSINESS | Tue, 5 May 2026, 12:38AM IST
Wadia Group's Bombay Realty unveils THREE ICC in Dadar, offering premium residences with strong connectivity as demand for luxury housing grows in Mumbai
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NCLT approves Rs 730 crore revival proposal for Rajesh Hotels
INDIA BUSINESS | Tue, 5 May 2026, 12:38AM IST
The National Company Law Tribunal has approved a revival plan for Rajesh Business & Leisure Hotels. A consortium of Rare Asset Reconstruction Company and Check-Inn Hotels will acquire the company. The plan involves a payment of 730 crore. This follows the company's admission into insolvency proceedings in April 2022. Secured creditors will receive a full settlement.
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Sobha Q4FY26 results: Profit rises 125%, net revenue up to 2,300 cr
INDIA BUSINESS | Tue, 5 May 2026, 12:36AM IST
The developer reported sales value growth of 30 per cent YoY to Rs 8,135 crore in FY26, up from Rs 6,276 crore in FY25, with Q4 FY26 sales value at Rs 2,039 crore
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China's TCL to sell 51% in Indian plant
INDIA NEWS | Tue, 5 May 2026, 12:35AM IST
Kolkata: China's top television maker TCL Electronics is in talks with several Indian companies to sell a 51% stake in its display manufacturing plant in the country, seeking $600-800 million (5,708-7,611 crore) for the divestment, said four senior industry executives.Standard Chartered, which is advising TCL on the deal, is in discussions with Dixon Technologies, Epack Durable, Syrma SGS Technology, Amber Enterprises, and Uno Minda, the executives said, noting the talks are at an early stage. Havells was approached but the company is not keen on investing in display backward integration.Also Read | Industry heads set to visit China to expand alliancesTCL's plant in Tirupati, Andhra Pradesh is India's only open-cell manufacturing unit, producing the most critical component used in displays such as TVs, smartphones, laptops, tablets, and automotive screens. The facility is owned and operated by the local arm of TCL Corp's global subsidiary, TCL China Star Optoelectronics Technology (TCL CSOT). TCL is looking to add two local partners in its Indian entity, with the company retaining a 49% stake and remaining the largest shareholder, the executives said.The company is seeking to structure the deal on the lines of fellow Chinese electronics maker Haier, which recently divested 49% in its Indian arm to Bharti Enterprises and Warburg Pincus. Haier retained 49%, with the remaining 2% held by its India management team.Also Read | Electric appliance makers to seek GST cut as LPG crisis lifts demandEmails sent to TCL, Standard Chartered, Dixon, Epack, Amber, Syrma SGS Technology, and Uno Minda remained unanswered.130810400"TCL wants two buyers for the 51% stake-one could be a strategic partner and another a financial investor," said one of the executives involved in the negotiations. "Just like Haier India did. Discussions are at an early stage and could be finalised in the next two to three months."The company has invested more than 1,800 crore in the TCL CSOT plant in the first phase. The facility is part of a larger TCL industrial park, where the company also operates a TV assembly unit which is excluded from the proposed transaction.The TCL CSOT panel module factory produces screens for TVs and mobile phones, with a designed annual capacity of 8 million TV panels and 30 million mobile phone displays. This is TCL CSOT's largest plant outside China and India's first full-process LCD panel module factory with bonding and assembly capabilities. TCL CSOT generates annual revenue of around 1,500 crore, the executives said.Dixon is already setting up a display plant with Chinese firm HKC Overseas, where it holds a 74% stake in the joint venture, expected to become operational this quarter. An executive said Dixon may not be a frontrunner for TCL stake as it would need HKC's nod for further investment in same domain.The executives said TCL is under government pressure to dilute stake in display plant, critical to India's localisation strategy for electronic components. "Like Haier, TCL is looking to pare its stake in the TV display business to de-risk its India operations," a second executive said.
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China's TCL in talks with local companies to sell 51% in Indian plant
INDIA BUSINESS | Tue, 5 May 2026, 12:35AM IST
Chinese electronics giant TCL is looking to sell a majority stake in its Indian display plant. The company is seeking between 5,708 and 7,611 crore for the divestment. Several Indian firms are in early-stage discussions to acquire the stake. TCL aims to retain a 49% share in the facility.
Continue reading at Economic Times
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IndiGo ropes in former Airbus executive for AI push
INDIA BUSINESS | Tue, 5 May 2026, 12:31AM IST
IndiGo has appointed Jochen Hoesch, previously at Airbus, to head its AI, data, and analytics. This move highlights the airline's commitment to enhancing operational efficiency and customer experience through advanced technology. IndiGo is investing in its digital infrastructure to stay future-ready.
Continue reading at Economic Times
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Final Results Of West Bengal Elections 2026: Check How Many Seats BJP, TMC, CPM, Other Parties Won
INDIA MARKET | Mon, 4 May 2026, 11:59PM IST
More than nine million persons, or about 12% of the state's 76 million voters, were controversially removed from the voting list during the West Bengal exercise, depriving them of their ability to vote in the elections.
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INDIA MARKET | Mon, 4 May 2026, 11:52PM IST
BJP is set to form its first-ever government in Bengal as the party has uprooted the TMC rule. Similarly, Tamil Nadu's politics witnessed a seismic shift, with TVK ending the Dravidian duopoly.
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INDIA MARKET | Mon, 4 May 2026, 11:45PM IST
In the previous 2021 Assembly elections, TMC won by securing 215 seats out of 294. The BJP became the main opposition with 77 seats, while Congress and Left parties failed to win any seats.
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2h
Three Indians injured after drone attack sparks fire in UAE's Fujairah
INDIA MARKET | Mon, 4 May 2026, 11:44PM IST
Three Indian nationals sustained moderate injuries after the fire broke out on the FOIZ, the Khaleej Times reported, quoting authorities in Fujairah
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Final Results Of Tamil Nadu Elections: Check How Many Seats TVK, DMK, AIADMK And Other Parties Won
INDIA MARKET | Mon, 4 May 2026, 11:41PM IST
Here is a scorecard of how each party performed in TN
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US stocks today: Amazon opens up logistics network to other businesses in challenge to UPS, FedEx
INDIA MARKET | Mon, 4 May 2026, 11:40PM IST
Amazon is entering the logistics market. It will now offer its vast network for businesses to store and ship goods. This move directly challenges established players like UPS and FedEx. Companies can use Amazon's services for all their sales channels. This expansion targets the profitable business-to-business shipping sector. Amazon aims to transform logistics into an infrastructure product.
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INDIA MARKET | Mon, 4 May 2026, 11:28PM IST
Kochi: UDF supporters celebrate during the result declaration day of the Kerala Assembly elections, at Kochi, in Ernakulam district, Monday, May 4, 2026.
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INDIA MARKET | Mon, 4 May 2026, 11:27PM IST
Here are the three structural reasons behind this historic shift that has redefined Dravidian politics.
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Kerala Election Result 2026: UDF Achieves Thumping Win By 102 Seats
INDIA MARKET | Mon, 4 May 2026, 11:22PM IST
The counting of votes for all 140 Assembly seats in Kerala is scheduled to begin at 8:00 am on Monday.
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2h
Cement Prices Set For Second Hike In May Amid Weak Demand Concerns
INDIA MARKET | Mon, 4 May 2026, 11:21PM IST
Several major cement stocks will be in focus, including UltraTech Cement, Ambuja Cements and JK Cement.
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2h
BJP, West Bengal, Hinduised-nationalism and the X factor in politics
INDIA MARKET | Mon, 4 May 2026, 11:20PM IST
You'd err if you credit or blame the BJP success only on Hindutva. It's more than that. It is Hinduised-nationalism
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Kerala Election Results: Check Winning MLAs Of Congress, CPI, CPI (M), IUML Other Parties
INDIA MARKET | Mon, 4 May 2026, 11:19PM IST
The Congress-led UDF has crossed the halfway mark of 71 seats in early trends.
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West Bengal Election Results: Check List Of Winning MLAs Of BJP, TMC, Other Parties
INDIA MARKET | Mon, 4 May 2026, 11:15PM IST
Here are the key winners and losers of the West Bengal election.
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Tamil Nadu Result Highlights: TVK's Blockbuster Debut Breaks Dravidian Duopoly; Vijay Likely Next CM
INDIA MARKET | Mon, 4 May 2026, 11:07PM IST
With exit polls sharply dividedsome predicting a DMK sweep and others suggesting a massive disruptor role for TVK Tamil Nadu is staring at its most unpredictable verdict in decades.
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Trade Setup For May 5: Nifty Support Moves To 23,950 Amid Fears Of US, Iran Returning To War
INDIA MARKET | Mon, 4 May 2026, 11:07PM IST
The Nifty index formed a small bullish candle with a long upper shadow, Bajaj Broking Research said.
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2h
CSB Bank Q4 FY26 results: Net profit rises 6% to 202 crore, income rises
INDIA BUSINESS | Mon, 4 May 2026, 11:07PM IST
Private sector lender CSB Bank on Monday reported a 6 per cent year-on-year rise in its profit after tax to Rs 202 crore in the three months ended March 2026, driven by higher core income.
The Kerala-based lender had posted a PAT (profit after tax) of Rs 190 crore in the year-ago period.
The bank's Net Interest Income (NII) or core income jumped 25 per cent year-on-year to Rs 464 crore in the quarter under review from Rs 371 crore in the January-March quarter of the preceding fiscal (Q4 FY25), CSB Bank said in a regulatory filing.
Total income increased to Rs 1,507 crore in Q4FY26 from Rs 1,362.36 crore a year ago.
On the asset quality front,the Gross non-performing assets (GNPA) ratio improved to 1.66 per cent by March 31, 2026 from 1.57 per cent in March 2025, while Net NPA also fell significantly to 0.40 per cent from 0.52 per cent over the same period.
"Q4 FY26 marked the best quarter in terms of asset quality, with GNPA and NNPA ratios at their lowest levels for the year," CS
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INDIA MARKET | Mon, 4 May 2026, 11:06PM IST
NDA retains Puducherry as AINRC-led alliance secures clear majority.
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3h
IPL 2026: Rohit Sharma Slams Fifty On Return; Stitches 143-Run Stand With Ryan Rickelton Watch
INDIA MARKET | Mon, 4 May 2026, 11:03PM IST
Rohit Sharma scored a sublime 84 off 44 balls with seven sixes and six fours for Mumbai Indians against Lucknow Super Giants in IPL 2026.
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3h
Assam Election Result 2026: BJP Sweeps Assam Polls, Netting Notable Majority
INDIA MARKET | Mon, 4 May 2026, 11:02PM IST
The vote count for all 126 Assembly seats in Assam is set to commence at 8:00 am on Monday.
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