The Supreme Court on Friday rejected JSW Steel’s ₹19,700-crore resolution plan for Bhushan Power and Steel Ltd (BPSL), terming it "illegal" and ordering the liquidation of the debt-ridden company.

The plan has been earlier approved by BPSL’s Committee of Creditors (CoC). On this the apex court stated that the plan violated insolvency law as JSW had used a mix of equity and optionally convertible debentures (OCDs) to fund the takeover, instead of equity alone.

Delhi-NCR woke up to heavy rain, thunderstorms and strong winds on Friday morning. The downpour brought much-needed relief from the prolonged heat wave across Delhi and neighbouring areas, including Noida. The India Meteorological Department (IMD) has issued a red alert for today, warning of severe thunderstorms accompanied by strong winds reaching 70–80 kmph. Hailstorms were also reported in some parts of the region.

Goods and Services Tax (GST) collection rose 12.6 per cent Y-o-Y to an all-time high of about Rs 2.37 lakh crore in April, government data showed on Thursday.

The GST mop-up was Rs 2.10 lakh crore in April 2024 -- the second highest collection ever since the roll-out of the indirect tax regime on July 1, 2017. In March 2025, the collection was Rs 1.96 lakh crore.

The Supreme Court on Thursday refused to entertain a Public Interest Litigation (PIL) seeking a judicial inquiry into the recent terror attack in Pahalgam, stating that such actions could "demoralise" security forces at a crucial time, reported Live Law.

Slamming the petitioners, the court said the petitioners should have considered the sensitivity of the matter before moving the court.

Unified Payments Interface (UPI) transactions in April declined by 2 per cent to 17.89 billion, while the transaction value dropped by 3 per cent to ₹23.95 trillion, following a stellar performance in March 2025 driven by year-end sales.

In March, the transaction volume stood at 18.30 billion and the value at ₹24.77 trillion, reflecting increases of 14 per cent and 13 per cent, respectively, over February, according to data from the National Payments Corporation of India (NPCI).

The Delhi High Court on Thursday strongly reprimanded Yoga guru Ramdev for allegedly repeating his controversial "sharbat jihad" comments against Hamdard’s Rooh Afza in a fresh video, despite earlier court warnings, reported LiveLaw.

The court stated that Ramdev was "not in control of anyone" and "lived in his own world", observing that his actions amounted to prima facie contempt of court.

Adani Ports and Special Economic Zone (APSEZ) today registered a 48 per cent jump in consolidated net profit at ₹3,014 crore for March quarter of financial year 2024-25 (FY25), driven by higher income and revenue growth. Adani ports had registered a profit of ₹2,040 crore in the year-ago period.

The total income increased to ₹8,769.63 crore from ₹7,199.94 crore in the March quarter, a rise of about 22 per cent.

India has closed its airspace to all Pakistani-operated, owned, or leased aircraft — both civilian and military — effective April 30 to May 23. The move, conveyed through a Notice to Airmen (NOTAM) issued on Wednesday (April 30), comes in direct response to Islamabad’s earlier airspace restrictions on Indian flights.

Caste census will be incorporated into the national census, Minister of Information and Broadcasting Ashwini Vaishnaw said on Wednesday.

Addressing a Cabinet press briefing, Vaishnaw said, "Cabinet Committee on Political Affairs (CCPA) has decided today that caste enumeration should be included in the forthcoming census."

The Reserve Bank of India’s (RBI) updated guidelines for ATM transactions are set to come into effect on May 1. The new framework will bring changes to the free transaction limits, interchange fee structures, and charges for additional transactions.

RBI’s decision to update these guidelines was first communicated on March 28. Customers will be required to pay a fee of ₹23 after they exhaust their free ATM transaction limit each month.

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