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DK Shivakumar, Deputy Chief Minister of Karnataka, spoke at a summit about possible job cuts due to AI in Bengaluru, which has over 22.6 million IT professionals. Besides the Silicon Valley of India, other cities are also expected to be impacted, he said.
The Election Commission of India will announce results for the 2026 Assembly elections in several states on May 4, with counting starting at 8:00 AM. Official results can be checked on the Election Commission’s website and LiveMint.
In the video, the K9 can be seen barking at Allen through a doorway near metal detectors before the handler pulled the dog away as about a dozen federal officers were seen taking down magnetometers and casually standing around.
Karl Marx's insights highlight the importance of recognizing latent intelligence within chaotic environments. Leaders must identify early signals of change and transform them into actionable insights, as adaptability is crucial for organisational success in today's rapidly evolving workplace.
Oscar Wilde's quote on learning from mistakes emphasize that experience often stems from errors. A strong organizational culture should facilitate learning from mistakes rather than stigmatizing them, said the renowned 19-century Irish playwright, poet and novelist.
Real estate firm Square Yards has announced impressive financial results for FY26, with revenue soaring to Rs 2,086 crore, marking a 48% year-over-year increase. The company's EBITDA saw a significant jump of 3.7 times, reaching Rs 176 crore, as EBITDA margins expanded to 8%. India continues to be the dominant market, contributing 88% of the total revenue.
BSE small-cap earnings showed strong momentum, with select companies delivering over 50% profit growth and sharp stock gains. A few standout performers combined earnings acceleration with multibagger returns, highlighting selective opportunities.
Bitcoin traded near $77,000, signalling a bullish trend, while Ethereum showed neutral momentum around $2,300. Crypto markets posted modest gains over 24 hours, though weekly trends remained mixed. Analysts flagged resistance near $80,000, ETF outflows, and macro pressures as key factors influencing near-term price consolidation and market sentiment.
Quote of the day: One of the powerful bankers of all time, JP Morgan once talked about how one can simply check their financial limit with just one question. It is relevant in today's time. Find out how.
Gold prices are nearly flat, but poised for a weekly loss as soaring oil prices fuel inflation fears and expectations of prolonged higher interest rates. The ongoing Iran-US conflict is keeping markets on edge, with analysts predicting continued volatility. However, long-term forecasts suggest significant gold price appreciation.
Indian companies are showing steady earnings despite global challenges. While consumption names like Nestle and HUL are performing well, Maruti Suzuki and IT firms have disappointed. High crude oil prices remain a concern, potentially impacting future earnings. The market awaits geopolitical resolutions and further earnings reports, with metals expected to shine.
Indian benchmark indices are in a cautious phase, with technical signals gaining prominence. Market expert Ajit Nayak suggests a potential upside despite near-term uncertainty, citing a 'liquidity sweep' pattern. He advises watching key levels for Nifty and India VIX, recommending a hedged approach with specific stock picks.
Air India will cut around 100 flights a day as rising fuel costs pressure operations, with major reductions planned on long-haul routes to Australia, Europe and North America. The move aims to manage expenses and optimise capacity amid volatile oil prices.
The Indian rupee plunged to a record low of 94.90 against the dollar on Thursday, hitting an intraday nadir of 95.33. Intervention by the Reserve Bank of India helped pare losses, as the central bank aims to keep the currency above the crucial 95/$ mark.
Meta Platforms has secured $25 billion in investment-grade bonds to fuel its aggressive expansion in artificial intelligence infrastructure. This significant debt issuance follows a substantial increase in the company's capital expenditure outlook and reflects a broader trend of Big Tech investing heavily in AI.
Foreign investors pulled out Rs 60,847 crore from Indian stocks in April. This follows significant outflows in early 2026. Geopolitical tensions and global economic worries dampened investor confidence. Crude oil prices rose, impacting inflation expectations. This led to reduced rate cut hopes and higher bond yields. India's stock market valuations appeared expensive amid these global concerns.
Foreign investors significantly offloaded Japanese bonds, totaling over 1.8 trillion yen in the week ending April 25, driven by inflation fears from soaring oil prices and anticipation of the Bank of Japan's policy stance. Despite this, they continued their strong buying trend in Japanese stocks for a fourth consecutive week.
The third India-Nordic Summit in Oslo on 15 May, bringing together the leaders of India, Denmark, Iceland, Norway, Sweden, and Finland, is the main agenda of prime minister Narendra Modi's Europe trip.
PM Modi extended warm greetings to the people of Gujarat and Maharashtra on their statehood day, praising their contributions to India's growth and cultural richness.
