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IMD warns of severe heatwave as temperatures continue to rise across India

IMD warns of severe heatwave as temperatures continue to rise across India

India is staring at an intense spell of heat over the coming week, with the India Meteorological Department (IMD) warning of severe heatwave conditions in parts of Rajasthan and Uttar Pradesh even as scattered thunderstorms and heavy rainfall continue across southern and northeastern states.

According to the IMD forecast, heatwave conditions are set to spread across large swathes of northwest, central and eastern India between May 16 and 21 as the mercury continues to rise over the coming days.

PM Modi greets Sikkim on 50th Statehood Day, vows continued support

PM Modi greets Sikkim on 50th Statehood Day, vows continued support

Prime Minister Narendra Modi on Friday greeted the people of Sikkim on the occasion of Statehood Day and said the Centre would continue supporting the Himalayan state's growth and development trajectory.

In a post on X, the Prime Minister extended his wishes as Sikkim marked its 50th Statehood Day celebration this year.

India's foreign exchange reserves rise by $6.29 bn on higher gold reserves

India's foreign exchange reserves rise by $6.29 bn on higher gold reserves

India’s foreign exchange reserves increased by $6.29 billion to $696.99 billion during the week ended May 8, driven by a rise in gold reserves, latest data from the Reserve Bank of India showed. Gold reserves increased by $5.64 billion during the reported week.

Gold prices increased by 2.11 per cent to $4,715/oz during the reported week.

Air India's challenges 'largely external': Singapore Airlines CEO

Air India's challenges 'largely external': Singapore Airlines CEO

Air India's transformation is going to be a "long game, and there is no shortcut", its co-owner, Singapore Airlines' CEO Goh Choon Phong, said on Friday as he mentioned that the Indian carrier is facing various challenges, including Pakistan airspace closure and rupee depreciation.

At a briefing to discuss Singapore Airlines (SIA) Group's financial results for the 2025-26 financial year, he also said that Air India has "largely external challenges".

First of a few fuel price hikes; markets to remain rangebound, say analysts

First of a few fuel price hikes; markets to remain rangebound, say analysts

The hike in petrol and diesel prices by ₹3 per litre for both fuels could be the first of a few more rounds of hikes by the oil marketing companies (OMCs), suggest analysts, who expect the markets to remain range-bound in the next few weeks in this backdrop.

The upward revision in prices for both fuels, said Jyotivardhan Jaipuria, founder and managing director at Valentis Advisors, was already expected though the quantum of ₹3 per litre seems too less.

WB govt suspends 3 IPS officers over negligence in handling of RG Kar case

WB govt suspends 3 IPS officers over negligence in handling of RG Kar case

The West Bengal government has suspended three Indian Police Service (IPS) officers over serious administrative lapses, negligence in registering an FIR and investigating the RG Kar rape and murder incident.Chief Minister Suvendu Adhikari on Friday made several significant announcements regarding the law-and-order situation in the state, illegal activities inside correctional homes, and the investigation into the RG Kar incident. Chief Minister Adhikari announced strict action against three IPS officers over serious administrative lapses, negligence in FIR registration and investigation, and allegations of offering bribes to the victim's family.

United Spirits tweaks investor consortium in $2 Billion RCB stake sale

United Spirits tweaks investor consortium in $2 Billion RCB stake sale

United Spirits Ltd., the Indian subsidiary of global liquor major Diageo, has revised the composition of the investor consortium involved in acquiring a stake in the company that owns the Royal Challengers Bengaluru (RCB) franchise in IPL. Importantly, while the structure of the buying group has changed, the financial terms and overall economics of the high-value transaction remain unchanged.

India ready to offer support for West Asia peace: PM Modi during UAE talks

India ready to offer support for West Asia peace: PM Modi during UAE talks

India is ready to extend all possible support to bring peace in West Asia, Prime Minister Narendra Modi said on Friday during his talks with UAE President Sheikh Mohammed bin Zayed Al Nahyan.

The Modi-Al Nahyan meeting took place shortly after the prime minister landed in the Gulf nation in the first leg of his five-nation tour that also includes four European countries.

Rajnath, Andhra CM lay foundation for ₹16,000 cr fighter jet infra project

Rajnath, Andhra CM lay foundation for ₹16,000 cr fighter jet infra project

Defence Minister Rajnath Singh and Andhra Pradesh Chief Minister N Chandrababu Naidu on Friday laid the foundation for nearly ₹16,000 crore AMCA infrastructure here in Sri Sathya Sai district.

The Advanced Medium Combat Aircraft (AMCA) project is expected to generate 7,500 jobs, an official release said.

'Further fuel price hikes may intensify FPI selling in Indian markets'

'Further fuel price hikes may intensify FPI selling in Indian markets'

India's decision to raise petrol and diesel prices by ₹3/litre may only be the beginning, with the current hike widely seen as insufficient to fully offset mounting under-recoveries faced by oil marketing companies (OMCs). While the move offers partial relief to state-run fuel retailers, it also raises fresh concerns around inflation, monetary policy, and foreign investor sentiment at a delicate stage for the Indian economy.

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