In a unanimous judgement, a five-judge constitution bench headed by the Chief Justice of India (CJI) D Y Chandrachud said that the real administrative power in the national capital must rest with the elected government and the Lieutenant Governor (L-G) shall exercise powers under the administrative role as entrusted by the President.

The Delhi government has legislative and executive powers over services, the court said.

Gold price rose Rs 280 in Thursday's early trade with 10 grams of the yellow metal (24-carat) trading at Rs 62,130, according to the GoodReturns website. Silver price fell Rs 100 with 1 kg of the precious metal selling at Rs 78,000.

The price of ten grams of 22-carat gold rose Rs 250 to Rs 56,950.

Twitter CEO Elon Musk announced on Wednesday that users can now directly reply to any message in the thread with emojis.

Musk further added that the micro-blogging site will soon introduce voice and video chat on its platform in the coming days for better communication. This feature was not available earlier. The new voice and video chat feature will let users interact with people from across the globe without sharing contact numbers.

Amara Raja Batteries Limited on Saturday launched the first Gigafactory in Telangana. Considered to be one of India's largest gigafactory, it will manufacture lithium-ion batteries, with a planned investment of Rs 9,500 crore over the next 10 years.

According to media reports, the work was commenced following a ceremony at Divitipalli in Mahabubnagar district in the presence of state IT and industries minister K T Rama Rao, who also laid the foundation stone.

The market capitalisation (m-cap) of Varun Beverages (VBL) crossed the Rs 1-trillion mark for the first time on the bourses on Wednesday, as the stock hit a new high of Rs 1,578.95, rallying 5 per cent on the BSE in the intra-day trade. In the past two trading days, the stock has surged 8.5 per cent. In comparison, the S&P BSE Sensex was down 0.10 per cent at 61,698.

At 10:43 AM; with a market cap of Rs 1.02 trillion, VBL claimed the 48th spot in the overall market cap ranking, the BSE data shows.

The six-member expert panel set up by the Supreme Court (SC) to look into the Adani-Hindenburg row has submitted its report in a sealed cover to the court on May 8, an Economic Times (ET) report said. People aware of the development have said that the matter is due for a hearing on May 12 before Chief Justice of India (CJI) DY Chandrachud.

There is little clarity if the committee has completed its investigation into the matter. Notably, the Supreme Court had pointed out a set of issues to be investigated in its order issued on March 2.

Former Pakistan Prime Minister and Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan was arrested by the Rangers paramilitary force from the Islamabad High Court on Tuesday, a dramatic move that threatens to spark fresh turmoil in the country as protests erupted in multiple cities across Pakistan on his party’s call, media reports said.

The former premier was arrested in the Al-Qadir Trust case, said the federal capital’s top cop, The Express Tribune reported.

Hyundai Motor India Ltd (HMIL) is expected to announce its next phase of mega investment, which is estimated to be worth at least Rs 15,000 crore, The Hindu BusinessLine reported. The investment will go towards developing an ecosystem for electric vehicles manufacturing as well as alternative fuel technologies like hydrogen mobility.

A memorandum of understanding (MoU) for the proposed large investment is going to be signed on Thursday, May 11, by HMIL, said the report.

LinkedIn, a business-focused social media platform owned by Microsoft Corp., announced on Monday that it would be eliminating more positions from different departments.

As Reuters reported, 716 positions in its sales, operations, and support departments as part of broader reforms that would also see the phasing out of its local jobs app in China.

According to United States Citizenship and Immigration Services (USCIS) data, Indians are exhibiting increased interest in EB-5 visas for resettlement in the United States, The Economic Times (ET) reports. The trend is interesting given the recent job cuts and fears of recession in the US economy.

EB-5 visa is considered at par with holding a Green Card. To obtain an EB-5 visa, individuals have to invest a minimum of $800,000 in the US to create at least 10 job opportunities in the country.

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