India’s central bank is expected to pay a record dividend to the government, offsetting shortfall in tax revenues due to slow growth and helping meet any emergency spending needs, economists said.

Kotak Mahindra Bank Ltd. estimates the Reserve Bank of India to transfer as much as Rs 3.5 trillion ($41.4 billion) to the government while IDFC First Bank Ltd.

Zaggle share price:Shares of Zaggle Prepaid Ocean Services gained 9.2 per cent, logging an intraday high at ₹355 per share on BSE. The buying on the counter came after the company entered into an agreement with Grant Thornton Bharat LLP (Grant Thornton).

At 11:45 AM, Zaggle shares were trading 7.46 per cent higher at ₹349.1 per share on the BSE. In comparison, the BSE Sensex was up 0.05 per cent at 80,789.18.

A bomb threat was received on Wednesday via a phone call to the Sahar Airport hotline in Mumbai, warning of an explosive device on board an IndiGo flight, reported India Today. The incident comes shortly after India carried out airstrikes on terror camps in Pakistan and Pakistan-occupied Kashmir (PoK).

Union Home Minister Amit Shah on Wednesday called an urgent meeting of chief ministers, chief secretaries and DGPs of states having borders with Pakistan and Nepal.

The meeting has been called in the wake of the strikes carried out by the Indian armed forces on terror targets in Pakistan and Pakistan-Occupied Jammu and Kashmir as a retaliatory action against the Pahalgam terror attack, sources said.

Over 200 flights have been cancelled and at least 18 airports in northern and western India have been shut temporarily following airspace restrictions imposed after India carried out precision strikes on terror infrastructure in Pakistan and Pakistan-occupied Kashmir (PoK) early Wednesday morning.

Maulana Masood Azhar, chief of Pakistan-based terror group Jaish-e-Mohammad (JeM), has admitted that 10 of his family members and four associates were killed in India's targeted military strikes on Wednesday morning, reported BBC Urdu.

India conducted the military strikes under 'Operation Sindoor' two weeks after the Pahalgam attack that killed 26 civilians.

The government on Wednesday said that "India exercised its right to self-defence" in reference to Operation Sindoor.

In a press conference, Foreign Secretary Vikram Misri said that India has found conclusive evidence of Pakistan’s involvement in the recent Pahalgam terror attack that claimed 26 lives.

In an escalation of cross-border tensions, India launched a coordinated May 7 midnight assault on nine terror camps inside Pakistan and Pakistan-occupied Kashmir (PoK), marking one of the most expansive retaliatory strikes in recent memory. Codenamed ‘Operation Sindoor,’ the high-precision offensive was carried out by all three branches of the armed forces in response to the Pahalgam terror attack that killed 26 tourists, signalling a new phase in India’s counter-terror doctrine.

India carried out precision strikes at terrorist camps in both Pakistan and Pakistan-occupied Jammu and Kashmir in the early hours of Wednesday, in response to the April 22 Pahalgam terrorist attack, according to a Ministry of Defence (MoD) statement. A total of nine sites were targeted by the Indian armed forces.

“A little while ago, the Indian armed forces launched ‘Operation Sindoor’, hitting terrorist infrastructure in Pakistan and Pakistan-occupied Jammu and Kashmir from where terrorist attacks against India have been planned and directed,” said the MoD.

Markets regulator Sebi has mandated a minimum ticket size or investment threshold of Rs 1 crore for the RBI-regulated originators and unregulated entities engaged in securitisation activities.

Securitised Debt Instruments (SDIs) are financial products created by pooling together various types of debt -- such as loans, mortgages, or receivables -- and then selling them as securities to investors.

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