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GLOBAL NEWS | Thu, 7 May 2026, 12:44AM IST The commerce secretary appeared for hours in a closed-door session on Wednesday with the House Oversight Committee

Continue reading at The New York Times

8m

INDIA MARKET | Thu, 7 May 2026, 12:30AM IST Soon after the incident, a large police contingent reached the spot and launched an investigation

Continue reading at Business Standard

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INDIA BUSINESS | Thu, 7 May 2026, 12:28AM IST Chinese AI startup DeepSeek eyes up to $50 billion valuation in its first external fundraising round

Continue reading at Business Standard

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INDIA BUSINESS | Thu, 7 May 2026, 12:24AM IST Godrej Consumer Products Ltd anticipates margin pressure in the coming quarters. Elevated crude oil prices are impacting input costs. However, the company believes this inflation cycle is manageable. They expect higher revenue despite margin challenges. This situation is seen as less disruptive than previous commodity price spikes.

Continue reading at Economic Times

28m

INDIA BUSINESS | Thu, 7 May 2026, 12:23AM IST Private hospitals in India are feeling the pinch as government health schemes yield diminishing returns. This downturn provokes a critical reassessment of how these institutions engage with such programs. Delays in payments, inadequate reimbursements, and imposed pricing caps are underscored as significant challenges. As a result, many hospital chains are recalibrating their payer strategies.

Continue reading at Economic Times

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INDIA NEWS | Thu, 7 May 2026, 12:23AM IST Bengaluru: The contribution of government health schemes to the revenues of India's leading private hospital chains is declining, a possible sign that private healthcare providers may be reevaluating their participation. Experts said profitability squeeze due to payment delays, low reimbursements and pricing curbs may be the reasons. While hospital chains have not announced that they are limiting their particip ation in government health programmes, Max Healthcare, Narayana Health, Fortis Healthcare and HealthCare Global are among those that have reported revenue impact and highlighted challenges in managing these schemes.Typically, state-backed health schemes, such as the Central Government Health Scheme (CGHS) and the Ex-Servicemen Contributory Health Scheme (ECHS), account for about 25% of revenue at most top private hospitals, according to data from business advisory firm Praxis Global Alliance.Praxis Global Alliance told ET that the revenue share of government schemes could drop by 3-5% by the first quarter of FY27 through selective de-empanelment or capped bed allocation. While CGHS covers central government employees and pensioners, ECHS serves defence personnel and their families. Both set rates for empanelled private hospitals and have been central to the current dispute.130868060Although the signs of discontent have been visible since 2020, industry voices have grown louder only over the last one year.Apollo Hospitals has not explicitly spoken about government schemes, as they form only a small share of its business. According to its management, in the third quarter of FY26, 83% of inpatient revenue came from insurance and cash patients. The figure implies that all other categories, including government schemes, accounted for a smaller part of the remaining 17%.An email query sent to Apollo Hospitals remained unanswered till as of press time.Experts said the pressure is from two directions-lower reimbursement rates and slow payments. "We estimate that hospitals are trying to change their payer mix, moving towards payers with shorter collection periods to maintain healthier working capital," said Akhil Puligadda, practice member, healthcare and life sciences, Praxis Global Alliance. Max Healthcare has quantified its losses. On its Q3 earnings call, it estimated a 200-crore revenue impact from joining CGHS. Under its memorandum of understanding, it must offer a 30% discount on chemotherapy drugs."We discontinued supply of drugs where the margin was less than 30%. Where the margin is more than 30%, we still supply, but at lower revenue," chief financial officer Yogesh Sareen, said in an earnings 2call. After netting out oncology and GST effects, he pegged the ongoing hit at 140 crore. "That is the net impact on an ongoing basis, not one time."Chairman Abhay Soi said, "What they asked is to sell below purchase cost. So obviously, everybody has discontinued it." He said that ECHS rate revisions only took effect in December, so the full financial impact is still unfolding. Narayana Health made a conscious decision to cap scheme volumes at hospitals in its northern region, driven by delayed payments and drug reimbursement caps.

Continue reading at Economic Times

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INDIA BUSINESS | Thu, 7 May 2026, 12:16AM IST The new refrigerants called hydrofluoroolefins, or HFOs, are quickly replacing older hydrofluorocarbons, or HFCs, in the USA and Europe as they are believed to have zero ozone depletion potential. The refrigerant gas industry is governed by the Montreal protocol and as a signatory to this deal, India has "to move towards lower global warming gases," Bharat Ram said.

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INDIA BUSINESS | Thu, 7 May 2026, 12:15AM IST The Bombay High Court has ruled in favour of Sun Pharmaceutical Industries. The court has restrained United Biotech from using a similar trademark. Sun Pharma's 'Octride' mark is protected. The dispute involves drugs for acromegaly and carcinoid tumours. The court found Sun Pharma had a stronger claim. This decision protects Sun Pharma's reputation and goodwill.

Continue reading at Economic Times

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INDIA BUSINESS | Thu, 7 May 2026, 12:10AM IST Royal Enfield is investing Rs 2,200 crore to build a new manufacturing facility and vendor park in Andhra Pradesh. This marks the company's first expansion outside Tamil Nadu. The new plant will significantly increase Royal Enfield's annual motorcycle production capacity. The project is expected to create thousands of jobs and boost Andhra Pradesh's manufacturing sector.

Continue reading at Economic Times

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INDIA BUSINESS | Wed, 6 May 2026, 11:59PM IST United Breweries, a major player in India's beer market, is preparing to withdraw from unprofitable regions due to soaring input costs and rigid state pricing controls. The company, facing a significant hit to profitability, will make tough decisions regarding supply, promotions, and market prioritization to ensure financial viability.

Continue reading at Economic Times

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INDIA NEWS | Wed, 6 May 2026, 11:54PM IST Mumbai|New Delhi: The Centre is increasingly worried about the cybersecurity of telecom infrastructure-critical for national security-amid the influx of powerful AI models such as Anthropic's Claude Mythos, people aware of the details told ET.Communications minister Jyotiraditya Scindia convened an unscheduled meeting last week with telecom companies and academia to understand the severity of the situation, and industry's cyber preparedness to tackle potential threats, the people said. Another meeting is expected in a few days wherein the telcos are expected to submit their plan of action. "AI models like Claude Mythos raise the risk from traditional cyberattacks to intelligent, autonomous threats that can identify vulnerabilities, exploit APIs, and target cloud-native telecom networks at scale," said Vinish Bawa, partner and leader - telecom, at PwC.He added that telecom multinationals are already preparing to address these challenges through zero-trust security and stronger sovereign cyber capabilities. The industry has sought help from the government to get access to the Mythos model, failing which it would be difficult to plan a strategy to counter cyberattacks.Mythos, said to be the most powerful AI model developed till date, is expected to expose deep-seated vulnerabilities in the infrastructure of companies globally. Anthropic has held back a wider launch due to this fear while giving early access to a select group of companies to fix their systems.The challenge for Indian telcos is its reliance on European vendors like Nokia and Ericsson, which don't have access to Mythos. Only US-based Cisco is part of Project Glasswing.Bawa said the telecom ecosystem is well-positioned, given the strong technology ties with global vendors. "Going forward, the opportunity lies in complementing these partnerships with indigenous AI...the operators that invest early in cyber resilience, network intelligence, and trusted AI ecosystems will be better positioned," he said.Mythos has raised severe concerns across boardrooms, regulators, and safety institutes worldwide. Anthropic is engaged in discussions with the US government and allied democracies, including India, on securing critical infrastructure before the public release of Claude Mythos, ET had reported last month.

Continue reading at Economic Times

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INDIA BUSINESS | Wed, 6 May 2026, 11:54PM IST Communications minister Jyotiraditya Scindia convened an unscheduled meeting last week with telecom companies and academia to understand the severity of the situation, and industry's cyber preparedness to tackle potential threats, the people said.

Continue reading at Economic Times

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INDIA BUSINESS | Wed, 6 May 2026, 11:46PM IST In a strategic pivot, Larsen and Toubro has recalibrated its ambitious Lakshya Plan 2031, now earmarking an impressive 43,000 crore for investment in the forthcoming five years. The adjustments signal a broader order book and highlighted uncertainties in Middle Eastern markets.

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1h

INDIA BUSINESS | Wed, 6 May 2026, 11:41PM IST Wednesday marked a notable rise in gold and silver prices as hopes for a truce in the West Asia conflict sent ripples through the market. Gold experienced a remarkable spike on the MCX platform, while silver futures also climbed higher. Market analysts pointed to a surge in investment interest for gold, though they advised some caution regarding silver investments.

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1h

INDIA MARKET | Wed, 6 May 2026, 11:39PM IST The deceased has been identified as Chandranath Rath.

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1h

INDIA MARKET | Wed, 6 May 2026, 11:37PM IST Cooper Connolly became the youngest overseas player to score a century in the IPL, scoring 107* off 59 balls.

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INDIA BUSINESS | Wed, 6 May 2026, 11:28PM IST Amidst the backdrop of escalating component prices, Samsung has entered negotiations with the government, aiming to revisit the terms of their smartphone and IT hardware supply contracts. While the demand from government sectors remains robust, the tech giant is striving to adjust these contracts to reflect the financial pressures they're facing.

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INDIA MARKET | Wed, 6 May 2026, 11:17PM IST The 8th Pay Commission recently extended the deadline for submission of memorandums to May 31.

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1h

INDIA MARKET | Wed, 6 May 2026, 11:11PM IST Iran War Updates

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1h

INDIA MARKET | Wed, 6 May 2026, 11:08PM IST Cole Allen, a Caltech graduate with no criminal record, allegedly targeted a Donald Trump event amid anger over the Iran conflict.

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1h

INDIA BUSINESS | Wed, 6 May 2026, 10:59PM IST The threshold will be tested every six months, the capital market watchdog said

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1h

INDIA MARKET | Wed, 6 May 2026, 10:58PM IST Anthropic's chatbot Claude appeared to face a widespread service disruption on the evening of May 6, 2026.

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1h

GLOBAL NEWS | Wed, 6 May 2026, 10:56PM IST The CNN founders death was met with encomiums from leaders in the media industry, which he helped reinvent. He will be remembered for generations, said one.

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1h

GLOBAL NEWS | Wed, 6 May 2026, 10:56PM IST The CNN founders death was met with encomiums from leaders in the media industry, which he helped reinvent. He will be remembered for generations, said one.

Continue reading at The New York Times

1h

INDIA MARKET | Wed, 6 May 2026, 10:47PM IST The Bank Nifty finds immediate resistance in the 56,300-56,400 zone.

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2h

INDIA MARKET | Wed, 6 May 2026, 10:42PM IST Zerodha CEO Nithin Kamath highlighted a shift from direct equity investing toward mutual funds in India.

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2h

INDIA MARKET | Wed, 6 May 2026, 10:36PM IST File image of Iranian drones used for representational purpose

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INDIA MARKET | Wed, 6 May 2026, 10:31PM IST This gives Vande Mataram the same statutory protection as the national anthem Jana Gana Mana.

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INDIA MARKET | Wed, 6 May 2026, 10:22PM IST SpaceX's IPO will grant Elon Musk unprecedented executive authority through supervoting shares, mandatory arbitration, and stricter shareholder proposal rules. These policies, combined with Texas corporate law, significantly limit investor protections and challenges to management. Despite these restrictions, many investors are expected to participate due to Musk's track record and the potential for high returns.

Continue reading at Economic Times

2h

INDIA MARKET | Wed, 6 May 2026, 10:18PM IST Indian pharmaceutical companies announced plans to invest more than $19.1 billion in the United States, anchored by Sun Pharmaceutical's planned $11.75 billion acquisition of New Jersey-based Organon & Co.

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2h

INDIA MARKET | Wed, 6 May 2026, 10:08PM IST Brent crude fell below $100 during today's trading session.

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INDIA CURRENCY | Wed, 6 May 2026, 10:06PM IST The Reserve Bank of India has introduced revised norms for foreign exchange dealings, ceasing the issuance of fresh licenses for money changers. The new regulations aim to streamline the authorization process for authorized persons and extend the principal-agent model for forex services.

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2h

INDIA MARKET | Wed, 6 May 2026, 10:05PM IST Moreover, due to rising commodity prices, many companies have raised vehicle prices.

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2h

INDIA BUSINESS | Wed, 6 May 2026, 10:02PM IST The West Asia conflict is softening demand for entry-level motorcycles in India. Bajaj Auto sees a significant slowdown from over 20 percent growth to an expected 7-9 percent. Conversely, electric scooters are gaining traction, with Bajaj Auto's Chetak sales surging. Rising fuel prices and commodity costs are also influencing consumer choices towards electric alternatives. The industry anticipates continued challenges.

Continue reading at Economic Times

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INDIA MARKET | Wed, 6 May 2026, 10:02PM IST India's Zee Entertainment Enterprises has filed a lawsuit against the Reliance-Disney joint venture.

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2h

INDIA BUSINESS | Wed, 6 May 2026, 9:58PM IST Indian Bank plans a qualified institutional placement in Q3 FY27 to absorb the impact of RBI's expected credit loss framework coming into effect from April 2027

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INDIA MARKET | Wed, 6 May 2026, 9:55PM IST File image of US President Donald Trump

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