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Canadian PM Mark Carney begins his India visit focused on trade negotiations, investment, energy cooperation and rebuilding diplomatic trust after years of strained relations.

Indian markets opened sharply lower as escalating US-Iran tensions rattled global equities and pushed investors toward safe-haven assets like gold and silver.

Morgan Stanley has laid off about 2,500 employees globally, even after reporting one of its strongest financial years.

OpenAI’s new partnership with the US Department of Defence has triggered a sharp consumer backlash. ChatGPT saw a 295% spike in uninstalls in the US

183 crew members of the ship accommodated at naval facilities in Kochi

Iran warship

Business Standard

US Terminal High Altitude Area Defence, or THAAD, units are meant to destroy ballistic missiles at the edges of the atmosphere, enabling them to engage more difficult threats

Indigenous Akash air defence missile being fired during the IAF’s Exercise Vayushakti at the Pokhran Field Firing Range in Rajasthan on Friday. (Image credit: MoD)

Indigenous Akash air defence missile being fired during the IAF's Exercise Vayushakti at the Pokhran Field Firing Range in Rajasthan on Friday. (Image credit: MoD)

Bloomberg

India added 57 billionaires in the past year, even as Mukesh Ambani remained Asia's richest person and Mumbai strengthened its position as a major global hub for billionaire wealth

Mukesh AMbani, Gautam adani

German development finance institution DEG and Citi on Thursday announced providing a USD 76-million co-financing package to Shriram Finance Ltd, aimed at accelerating economic inclusion, rural development, and climate-aligned mobility pan-India.
Under this, while DEG (Deutsche Investitions- und Entwicklungsgesellschaft mbH) has provided a 40 million euro loan (around USD 46 million) and Citi has extended a Rs 260 crore loan to the NBFC, a statement said.
This collaborative and innovative financing is designed to strengthen the company's outreach to priority segments that remain underserved in India's credit ecosystem, it said, adding Citi acted as a lead arranger and coordinator for this financing.
This is the second such collaboration between the two co-financing partners following the successful transaction supporting CreditAccess Grameen in 2024, underscoring the institutions' shared commitment to advancing inclusive and climate-positive financing in India, the statement said.

Shriram Finance

Press Trust of India

With neither side having lifted the T20 World Cup trophy before, the contest carries immense significance.

SA vs NZ T20 World Cup 2026

Petronet LNG issued force majeure to QatarEnergy and its off-takers after LNG production was halted amid the West Asia crisis, saying the impact cannot be estimated at this point

Petronet LNG (Photo: LNG Prime)

Sri Lanka on Thursday allowed a second Iranian ship to dock at the eastern port of Trincomalee and evacuated all 208 personnel on board, President Anura Kumara Dissanayake said, a day after another Iranian frigate was sunk near the island nation.
In a televised address, Dissanayake said the vessel, IRINS Bushehr, had sought permission to enter Sri Lankan waters, citing an engine failure.
"We wanted to remain neutral while dealing with a humanitarian response," he said, adding that Sri Lanka's role was limited to responding to a request from one party involved in the conflict.
"No one deserves to die. Every life is precious," the President said.
He also criticised opposition parties for attempting to politicise the situation.
"We won't succumb to pressure. We will maintain our neutrality," Dissanayake said.
According to the President, the ship had 208 personnel on board, comprising 53 officers, 84 cadets, 48 senior sailors and 23 seamen, all of whom were evacuated after the ship w

Nitish Kumar confirms he will seek entry to the Rajya Sabha, saying it fulfils a long-held goal, while the question of who will replace him as Bihar chief minister remains open

Nitish Kumar, Nitish

MRF has signed a non-binding MoU with the Tamil Nadu government to set up a greenfield tyre manufacturing unit in Sivaganga with an investment of Rs 5,300 crore over 12 years

(From left) MRF VC Arun Mammen, Tamil Nadu Deputy CM Udhayanidhi Stalin, MRF Chairman KM Mammen and Chief Minister MK Stalin during the signing of an MoU  between the company and the state government on Wednesday | Photo: PTI

A helicopter flying to Kaushambi, with Uttar Pradesh's Deputy CM Keshav Prasad Maurya on board, had to undertake an emergency landing after it developed a technical snag soon after take off from Lucknow, sources said on Saturday.
According to a BJP leader close to Maurya, the deputy chief minister was going to Kaushambi to attend multiple events.
The chopper, with five persons including Maurya, his aide Vivek and two pilots, had taken off from Lucknow La Martiniere College ground helipad when it developed a snag.
"Smoke was noticed all inside the chopper soon after take off, forcing the pilots to opt for an emergency landing at the Lucknow airport," the BJP leader said.
Party leaders suggested Maurya was fine and would go to Kaushambi later in another helicopter.
A team of experts have been rushed in to identify the causes that led to smoke and forced the pilot to opt for an emergency landing.

Keshav Prasad Maurya,Keshav Prasad,Keshav

The Andhra Pradesh government availed Rs 1.72 lakh crore through special drawing facility, ways and means advances and overdraft during 2024-25, ending up paying Rs 303 crore towards interest, according to a CAG report.
The Comptroller and Auditor General report, which was tabled in the Assembly, on Friday said the state government maintained the minimum cash balance with the Reserve Bank of India for only eight days without availing any WMA from RBI.
The report further stated that the government's revenue deficit exceeded the Fiscal Responsibility and Budget Management (FRBM) target of 2.7 per cent of GSDP, remaining at 3.75 per cent even in 2024-25. This forced the state to borrow for day-to-day expenses and significantly increased its interest burden.
The fiscal deficit remained at 5.05 per cent against the mandated 4 per cent ceiling, driving total borrowings to Rs 81,071 crore, crowding out capital expenditure, worsening debt sustainability, and severely restricting fiscal spac

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Helicopter with UP Dy CM onboard makes emergency landing in Lucknow

Barring 8 days, Andhra relied on RBI borrowings during 2024-25: CAG report

Best of BS Opinion: War in West Asia and the risks India cannot ignore

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