Ahead of his 90th birthday, the Dalai Lama has once again publicly reaffirmed that the authority to recognise his reincarnation rests solely with the Gaden Phodrang Trust established by him, not with any external political power, including China.

In a statement released on Tuesday, May 25, the Buddhist leader said the institution of the Dalai Lama would continue, following widespread appeals from Tibetan communities and Buddhist practitioners across Asia.

The Centre on Tuesday permits cab aggregators such as Ola, Uber, and Rapido to charge up to twice the base fare as a surge price during peak hours, up from the previous cap of 1.5 times. During non-peak hours, the fare must be at least 50 per cent of the base rate.

The announcement was made by the Ministry of Road Transport and Highways (MoRTH) in the new Motor Vehicle Aggregator Guidelines (MVAG) 2025. The Centre has allowed the states three months to adopt the revised guidelines.

The Quad countries (India, US, Japan, Australia) on Wednesday jointly condemned the April 22 Pahalgam terror attack, which claimed the lives of 26 people, mostly tourists, in Jammu and Kashmir's Baisaran valley.

The statement comes after India's External Affairs Minister S Jaishankar met US Secretary of State Marco Rubio, Japan's Minister of Foreign Affairs Takeshi Iwaya, and Australian Foreign Minister Penny Wong in Washington for the Quad Foreign Ministers' meeting in Washington.

US President Donald Trump has called out his estranged ally and billionaire Elon Musk, saying the latter may have to "head back to South Africa" if subsidies for Tesla and SpaceX are withdrawn.

Taking to his social media platform Truth Social on Tuesday (IST), Trump accused Musk of benefiting from an unprecedented volume of government support.

Thailand's Constitutional Court suspended Prime Minister Paetongtarn Shinawatra from office pending an investigation over a leaked phone call with a former Cambodian leader.

The judges voted unanimously Tuesday to take the petition accusing her of a breach of ethics, and voted 7 to 2 to suspend her from duty.

The ban on supply of fuel to old vehicles kicked off in Delhi on Tuesday amid high security.

The Delhi government has installed Automatic Number Plate reader cameras (ANPR) at nearly 350 petrol pumps across the national capital for detection of such vehicles.

RIL in focus: Domestic brokerage Nuvama Institutional Equities (Nuvama) has raised its target price on oil-to-telecom conglomerate Reliance Industries Ltd (RIL) to ₹1,801—the second highest on Dalal Street after Mirae Asset Securities (Buy, ₹1,950, 14/10/2024).

The upgrade by Nuvama reflects RIL’s foray into external sales of high-efficiency solar modules and the major growth potential of its rapidly expanding New Energy business.

Auto parts maker Hero Motors has filed for an initial public offering (IPO) of up to ₹1,200 crore ($140.1 million), draft papers showed on Tuesday.

The company will issue fresh shares worth up to ₹800 crore while its existing shareholders will sell shares worth up to ₹400 crore, the draft prospectus showed.

The US considers India a "strategic ally" in the Indo-Pacific region and a trade deal between both the countries will be finalised soon, White House Press Secretary Karoline Leavitt said on Tuesday (IST).

At a press briefing, Leavitt said that the Trump administration is finalising the agreements for the trade deal. "Yes, the President said that last week (that the US and India are very close to a trade deal), and it remains true.

Bharat Heavy Electricals or BHEL shares rose 3 per cent in trade on Monday, logging an intraday high at ₹272 per share on BSE.

However, at 9:54 AM, BHEL share price pared some gains and was trading 0.51 per cent higher at ₹265.4 per share on the BSE. In comparison, the BSE Sensex was down 0.30 per cent at 83,810.67.

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