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    Greaves Cotton Q4FY26 Delivers 22% Overall Growth with Double-digit Growth Across Businesses Driven by Execution Excellence and Strategic Momentum
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May 7, 2026
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IPO disclosure and securities offering restrictions govern proposed equity issue, with SEBI filing and U.S. registration limits.
Greaves Electric Mobility Limited has proposed an initial public offering of its equity shares, subject to approvals and market conditions, and has filed a draft red herring prospectus with SEBI. The announcement states that it is not an offer or invitation to sell securities, that investors should refer to the prospectus and its risk factors, and that the equity shares are not registered under the U.S. Securities Act. The securities are offered only to qualified institutional buyers in private transactions and outside the United States under Regulation S, with no public offering in the United States.
May 6, 2026
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Economic offences show a marginal decline in Delhi as property losses remain highest among Union territories.
Economic offences in Delhi recorded a marginal decline in 2024, but the city continued to report the highest property losses among Union territories. Forgery, cheating and fraud formed the bulk of cases, followed by criminal breach of trust and counterfeiting. NCRB data also showed a large pipeline of pending and fresh cases, with investigations resulting in transfers, final reports, arrests and charge-sheets across multiple offence heads.
May 6, 2026
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Election commissioner appointments and heritage protection drew attention as the court examined lawmaking directions and restoration needs.
Regulation of the appointment process for the chief election commissioner and election commissioners came under consideration as the Supreme Court examined whether it can direct Parliament to enact a law governing the procedure for such appointments. The issue centred on the institutional question of whether judicial directions can be issued to require legislative action in an area touching the constitutional framework for election administration. Protection and restoration of heritage structures also figured prominently, with the Supreme Court stating that Mysuru's Devaraja Market and Lansdowne Building, both over a century old, should be protected and that necessary renovation and restoration work should be carried out.
May 6, 2026
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Rupee support through non-direct RBI intervention strengthens currency as crude eases and dollar demand remains a cap on gains.
The rupee appreciated against the US dollar as Brent crude prices eased and market sentiment improved on signs of possible de-escalation in West Asia. Traders linked the currency move to a weaker dollar, stronger domestic equities, and expectations that the Reserve Bank of India is supporting the currency through a non-direct intervention strategy rather than by directly deploying foreign exchange reserves. One proposed measure is to encourage state-run banks to raise foreign currency funds through bonds to generate fresh dollar inflows.
May 6, 2026
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Insolvency resolution framework restores stalled real estate projects and enables completion of three developments for customers.
Realty developer Alpha Corp Development Ltd. plans to invest nearly Rs 900 crore to complete three stalled housing and commercial projects in Greater Noida and Gurugram acquired through the insolvency resolution process. The projects, including two commercial developments and one residential development, are intended to benefit more than 3,000 existing customers. The company states that the Supreme Court restored its resolution plan and set aside the NCLAT order that had rejected it.
May 6, 2026
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Inflation targeting framework renewal retains headline CPI target, tolerance band, and MPC-led monetary policy transparency.
India's inflation targeting framework was renewed through March 2031, retaining the 4 per cent CPI inflation target with a +/-2 per cent tolerance band. Monetary policy remains with the Monetary Policy Committee, and the framework continues to rely on transparent communication through MPC resolutions, minutes, statements, press briefings, and the Monetary Policy Report. The consultation review broadly supported retaining headline CPI inflation, keeping the 4 per cent target, preserving the existing band, and rejecting a shift to pure range targeting.
May 6, 2026
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Railway multitracking projects approved to expand capacity, improve connectivity and strengthen freight movement across multiple states.
Cabinet approval was granted for three railway multitracking projects covering 19 districts across multiple states, with an estimated cost of Rs. 23,437 crore and completion targeted up to 2030-31. The projects comprise the Nagda-Mathura, Guntakal-Wadi and Burhwal-Sitapur third and fourth lines, and are intended to add about 901 km to the rail network. The capacity augmentation is aimed at improving mobility, operational efficiency, service reliability and congestion management, while supporting seamless movement of people, goods and services.
May 6, 2026
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Ship repair facility expansion at Vadinar to strengthen domestic capacity, reduce foreign yard dependence and improve port competitiveness.
Approval was granted for development of a state-of-the-art ship repair facility at Vadinar, Gujarat, as a brownfield project jointly implemented by Deendayal Port Authority and Cochin Shipyard Limited. The facility will include a 650-metre jetty, two floating dry docks, workshops and associated marine infrastructure, and is designed to serve large commercial and foreign-flagged vessels. The project is intended to fill a domestic capacity gap, enable repairs of vessels up to 300 metres within India, reduce dependence on foreign shipyards, improve turnaround times and strengthen repair capability on the western coast.
May 6, 2026
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Fair and Remunerative Price for sugarcane approved for the 2026-27 season with recovery-linked adjustments.
Fair and Remunerative Price (FRP) for sugarcane for Sugar Season 2026-27 has been approved at Rs.365 per quintal for a basic recovery rate of 10.25%, with a premium of Rs.3.56 per quintal for every 0.1% increase in recovery above 10.25% and a corresponding reduction for every 0.1% decrease in recovery. No deduction is to be made where recovery is below 9.5%, and the approved FRP applies to sugarcane purchases by sugar mills from 1 October 2026.
May 6, 2026
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Credit guarantee coverage scheme extends additional liquidity support to MSMEs, non-MSMEs, and airlines affected by West Asia disruption.
Emergency Credit Line Guarantee Scheme 5.0 provides credit guarantee coverage through NCGTC for additional credit support to eligible borrowers affected by the West Asia situation. The scheme grants 100% guarantee coverage for MSMEs and 90% for non-MSMEs and the airline sector, with nil guarantee fee. Additional credit is capped according to borrower category, and the guarantee cover remains co-terminous with the loan tenor.
May 6, 2026
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Regional Rural Bank viability framework strengthens performance monitoring, governance reform, and long-term financial sustainability across banks.
The Department of Financial Services has approved Viability Plan 2.0 for Regional Rural Banks as a revised three-year framework for 2025-26 to 2027-28. The plan institutionalizes performance monitoring, strengthens governance reforms, and supports continued oversight to improve financial sustainability and long-term competitiveness across all Regional Rural Banks. It comprises 30 performance parameters across operational excellence, asset quality, profitability, and growth, including capital adequacy, credit-deposit ratio, digital adoption, non-performing asset levels, recovery performance, profitability ratios, and implementation of Government of India schemes.
May 6, 2026
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Rupee support strategy gains attention as lower oil prices and weaker dollar ease pressure on the currency.
The rupee appreciated against the US dollar as Brent crude prices eased and market sentiment improved after signals of possible progress in negotiations with Iran and a temporary pause in the Strait of Hormuz escort operation. Forex traders indicated that the Reserve Bank of India is pursuing a non-direct support strategy to stabilise the rupee without drawing on forex reserves, including encouraging state-run banks to raise funds through foreign currency bonds.
May 6, 2026
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Services exports drive India's overall export growth as merchandise trade shows modest gains despite global uncertainty.
India's goods and services exports rose in 2025-26 to an all-time high, with merchandise exports showing modest growth and services exports increasing more sharply. The rise in services exports, driven by stronger global demand for IT, business solutions, and professional expertise, underscored the economy's resilience and its contribution to the total export basket.
May 6, 2026
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Startup ecosystem diversification drives innovation across food, design, compliance, education, IP trade and digital platforms in India.
India's startup ecosystem in 2026 is described as a diverse landscape of ventures spanning design, food, IP exchange, wellness, education, compliance, surveillance, gaming, real estate, digital platforms and social impact. The common focus is on solving real-world problems through scalable, future-ready models built on innovation, quality, sustainability, community enablement and purpose. The featured businesses include consumer brands, backend food production, IP trade infrastructure, agri-tourism, AI training, compliance advisory, premium manufacturing, lead generation, property discovery and child-focused medical support.
May 6, 2026
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Defensive Hormuz operations and nuclear pressure define the evolving US stance as conflict with Iran remains unresolved.
The United States said major military operations against Iran are concluded after the stated objectives were met, while treating recent clashes as defensive in nature. The reopening effort in the Strait of Hormuz was described as a way to protect commercial shipping and assist stranded civilian sailors, alongside demands that Iran abandon its nuclear ambitions and restore freedom of navigation through the waterway.
May 6, 2026
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India-US trade deal nears final closure as tariff changes prompt redrafting to protect trade interests.
India and the United States are in the final stage of negotiations on a bilateral trade agreement and are said to be very close to signing it, though one remaining issue still has to be resolved. The talks have continued for months, with the aim of reaching closure and moving ahead on other trade and economic matters. India is also seeking preferential access to the US market as part of the agreement.
May 5, 2026
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Cybersecurity risk management for AI tools drives Sebi's advisory, task force, and strengthened market monitoring framework.
Sebi has cautioned regulated entities against cybersecurity risks from advanced AI-based vulnerability detection tools and highlighted concerns over exploitation of weaknesses, data confidentiality and the reliability of outputs. It has constituted the cyber-suraksha.ai task force to examine AI-related risks, develop mitigation strategies, share threat intelligence and best practices, and review third-party cybersecurity posture. Sebi has also advised regular vulnerability assessments, timely patching, enhanced monitoring, stronger API security, zero-trust architecture, vendor coordination and onboarding of the Market Security Operations Centre.
May 5, 2026
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Rupee pressure from crude oil and geopolitical tensions eases slightly as possible RBI support steadies currency trading.
Foreign exchange market conditions reflected pressure on the rupee from heightened geopolitical tensions, elevated crude oil prices, and foreign capital outflows. The currency touched an intra-day low before recovering to close slightly higher against the US dollar, with market participants attributing the support to possible RBI intervention and noting that import demand and broader risk aversion continued to weigh on sentiment. Market commentary linked the rupee's weakness to renewed clashes in the Gulf, concerns around the Strait of Hormuz, and the impact of higher Brent crude on oil-importing economies.
May 5, 2026
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Unclaimed deposits search portal and centralized database issues arise over tracing deceased depositors' funds for legal heirs.
The UDGAM portal enables registered users to search unclaimed deposits across multiple banks through an interactive facility, while the broader dispute concerns a centralised and searchable database for legal heirs to trace dormant bank deposits and related funds. The plea seeks an integrated online system under RBI control to inform heirs of deceased account holders and reduce unnecessary litigation in claims involving bank deposits, insurance and post office funds.
May 5, 2026
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Geopolitical tensions lift silver prices as gold stays under pressure amid inflation and tighter policy expectations.
Silver prices rose in the domestic market in line with firm global cues, supported by continued geopolitical tensions in West Asia and stronger commodity sentiment. Gold prices eased as investors reacted to energy-led inflation concerns, tighter monetary policy expectations, and a shift toward the US dollar and Treasury yields as safe-haven assets.

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Macron faces backlash after interrupting Africa summit panel in Kenya

May 13, 2026

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Dakar (Senegal), May 13 (AP) French President Emmanuel Macron is facing backlash after he interrupted a panel at the Africa Forward Summit in Kenya to demand silence from the audience.

Macron stormed the stage to rebuke audience members for what he called a “total lack of respect”, accusing them of disrupting speakers during a presentation by artists and young entrepreneurs. He had earlier described himself as a “Pan-Africanist” during a news conference.

The summit is meant to showcase France's new policy for the continent — a shift from a former colonial power seen as dominating to what Paris describes as a partnership of equals.

On Tuesday, Macron announced a USD 27 billion investment into various sectors in Africa, including energy, artificial intelligence and agriculture.

Videos of Macron's heated intervention on Monday quickly spread across social media, drawing a mix of mockery, praise and criticism.

Appearing visibly frustrated by the noise in the room, Macron abruptly walked onto the stage and asked the speaker to hand him the microphone, saying he would “restore order”.

Addressing the audience in English, he criticised attendees for talking over the speakers and creating disruptions during the session.

Some audience members applauded the intervention, but Macron also drew criticism over his response.

“Just imagine what would happen if an African leader did the same thing in America or Europe,” said Thierno Mbaye, a history student at a university in Senegal's capital, Dakar.

“He acted like a schoolteacher scolding children,” Mbaye told The Associated Press.

The intervention also drew criticism in France.

“It's stronger than him: as soon as he sets foot on the African continent, he can't help but behave like a coloniser,” Danièle Obono, a lawmaker for the hard-left party France Unbowed, said in a post on X.

Diplomatic and military setbacks in West Africa ============================ The Africa Forward Summit, which is set to close on Tuesday with a declaration that is expected to be signed by all 30 heads of state, comes amid a fallout between France and its former colonies, mostly in West Africa.

France has long maintained a colonial policy of economic, political and military sway dubbed Françafrique, which included keeping thousands of troops in the region it controlled.

After years of criticism from leaders and opposition parties in many West African countries over what they described as a demeaning and heavy-handed approach, France has withdrawn most of its troops from the region. It completed the withdrawal of troops from Senegal in July.

Macron had already faced a backlash ahead of the summit for claiming Sunday at news conference alongside Kenyan President William Ruto that “we are the true Pan-Africanists”.

“We believe that Africa is a continent, and that this continent has an enormous amount to build,” Macron said.

Pan-Africanism refers to an ideology seeking the unity of Africans and the elimination of colonialism. Given France's colonial history across the continent, the remark went viral on social media and drew swift backlash.

“Pan Africanism is not a brand, Mr. Macron, neither is it a diplomatic posture,” Farida Nabourema, a Togolese human rights activist, said in an open letter on Monday.

“It is a political philosophy that said no to everything France spent three centuries saying yes to: slavery, colonialism and neocolonialism,” she added.

Beverly Ochieng, a senior analyst at geopolitical risk consultancy Control Risks, said Macron is trying to distance France from its diplomatic and military setbacks in West Africa by turning to the east of the continent, signalling that its strategic priorities now follow where it finds goodwill.

She said Macron's remarks were raising questions about whether France's renewed engagement with Africa represented a genuine equal partnership or merely convenient rhetoric.

The French presidency and Foreign Ministry did not immediately respond to a request for comment.

Paris will be respectful of each African country's independence, Macron said on Tuesday, adding that “sovereignty and autonomy is shared, and your success is our success”.

Inauthentic or politically manipulated ====================== Alioune Tine, founder of the Afrikajom Center think tank, said Macron's remark might also be a subtle jab at Russia, which has replaced France as the main security partner in some West African countries.

“When Macron describes himself as the true' pan-Africanist, it is also a subtle response to the pro-Russian pan-Africanist voices online, which French officials tend to view as inauthentic or politically manipulated,” Tine said.

He said relations between Western powers and African states are inherently paternalistic and France is no exception, but that Macron has shifted policy away from the colonial legacy through a more informal diplomatic style aimed at rebuilding trust.

According to an Ipsos survey conducted on behalf of the French Foreign Ministry in nine African countries ahead of the summit, 74 pr cent of respondents said they have a positive image of France. Support was highest in English-speaking countries and among respondents under 35.

Macron, who is the first French president born after the colonial era, had pledged after his first election in 2017 that he would reset French relations with Africa. (AP) PY PY

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