Milind Soman Completes 15 km Open-Water Swim Across Strait of Gibraltar at 60

Milind Soman completes a 15 km open-water crossing of the Strait of Gibraltar from Europe to Africa at age 60, adding to a series of long-distance swims in 2026.

Sebi clears Muthoot Microfin trusts

Sebi has exempted six Muthoot Microfin promoter family trusts from an open offer under SAST rules, linked to an internal restructuring and indirect control change.

Cash transfers may support spending

Crisil says state cash transfers and Centre welfare benefits may support consumption in FY 2026, despite inflation risks from energy prices, El Nino and rising debt.

Shoppers Stop Q4 FY26 loss

Shoppers Stop reports a Rs 16.35 crore Q4 FY26 loss as revenue rises to Rs 1,209.79 crore; premium brands, beauty and INTUNE drive growth.
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Hantavirus concern on MV Hondius

Passengers on the MV Hondius were confined to cabins after three deaths and suspected hantavirus. Cape Verde refused disembarkation as WHO advised precautions.

Drug prices: USD 529bn savings

White House economists estimate Trump pharmaceutical pricing deals could save USD 529 billion over 10 years, amid midterm scrutiny and cost-of-living concerns.

NCLAT sets aside Grasim penalty

NCLAT отмененно Rs 301.6-crore CCI penalty on Grasim Industries and ordered a fresh hearing on alleged dominance in India’s viscose staple fibre market.

India urges de escalation after Fujairah attack

India condemns the Fujairah attack, calls for de-escalation, civilian protection, and uninterrupted navigation through the Strait of Hormuz.
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Iran–UAE Tensions: PM Modi Condemns Fujairah Attack, India Urges Diplomacy

Prime Minister Modi condemns the Fujairah attack, highlights civilian protection and uninterrupted navigation through the Strait of Hormuz for global energy security and regional stability.

Coinbase Layoffs 2026: 700 Jobs Cut as Brian Armstrong Bets Big on AI

Coinbase reduces headcount by about 14% to create AI-focused, leaner teams and lower costs, aiming to better weather crypto volatility and prepare for future growth.

Biocon Succession Plan Names Claire Mazumdar As Leader

Biocon succession plan enters focus as Kiran Mazumdar-Shaw names niece Claire Mazumdar as her successor. The 37-year-old biotech leader will steer the company toward AI and biosimilars in a gradual transition phase.

May 5, 2026: Opportunistic gains ahead

Financial Horoscope for Today May 5, 2026: A day of cautious optimism with opportunities in markets and cash flow.
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UHBVNL dismisses CFO Amit Dewan

UHBVNL has dismissed CFO Amit Dewan over alleged fraud and misuse of HPGCL funds. The case has moved from the State Vigilance Bureau to the CBI.

Kathmandu demolitions face criticism

Prominent Nepalese citizens and Nepali Congress criticise Kathmandu Valley demolitions, urging a halt to evictions and respect for constitutional rights.

Strait of Hormuz transit update

US military says two American-flagged ships transited the Strait of Hormuz under a new initiative as the UAE issued missile alerts and reported a drone strike.

SpiceJet deposit order upheld

Delhi High Court dismisses SpiceJet and Ajay Singh review plea, upholds Rs 144 crore deposit in Kalanithi Maran and Kal Airways dispute; costs imposed.
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Defence MoU for AI aerospace tech

BEL, Metamind Systems and Kristellar Aerospace sign a tripartite MoU to co-develop AI, manufacturing and aerospace defence technologies aligned with Make in India.

NCLAT overturns Embassy insolvency order

NCLAT overturned an NCLT order admitting Canara Bank’s insolvency plea against Embassy Development, citing IBC Section 10A bar for COVID-era defaults.

RBI meets April 2026 timelines

RBI says 99.7% of Citizens Charter cases met timelines in April 2026, processing 18,677 of 21,150 applications; 2,473 remain pending.

Aman Gupta Invests in Rosier Foods via SailThru Ventures

Rosier Foods secures funding via SailThru Ventures led by Aman Gupta to expand clean-label nutrition, A2 dairy, and farm-to-table sourcing in India.
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OPEC Plus Modest June Output Hike

OPEC Plus plans a modest June output increase around 188,000 bpd as Hormuz remains blocked, impacting Gulf exports and global oil markets.

OPEC+ Oil Output Hike Faces Strait of Hormuz Closure & War Related Supply Limit

OPEC+ plans a modest June output rise, but Hormuz closure and the US-Iran conflict curb real barrels and delay supply recovery while prices rise.

Market calm fuels steady gains

Financial Horoscope for Today May 4, 2026: Spot opportunities, manage risk, and optimize cash flow with today's market vibes.

US Navy to guide ships in Hormuz

Donald Trump says the US Navy will guide stranded foreign ships through the Strait of Hormuz from Monday, warning Iran against interference amid talks.
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Strait of Hormuz Navy escorts

Donald Trump says the US Navy will guide stranded foreign ships through the Strait of Hormuz from Monday, warning Iran against interference as talks continue.