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Weekly News Platter |
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30 May, 2026, 09:20PM IST, PTI |
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Hello Reader,
In case you had a busy week, these are the top stories you need to get caught up to speed...
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 Tata board talks: Chairman Chandra gives the floor to Tata chiefs; calm prevails |
| Tata Sons board meeting saw constructive discussions. Chairman N Chandrasekaran presented business reviews. Noel Tata focused on Air India and BigBasket. Tata Electronics impressed the board with its growth. The meeting reflected a calmer atmosphere. CEOs presented performance and future strategies. This review addresses concerns over capital discipline and business outcomes. Read more |
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 Ambani bets on Jio, AI and green energy to power RIL's next chapter |
| Reliance Industries is placing Jio Platforms at the core of its future growth. Chairman Mukesh Ambani envisions Jio as a global technology platform driven by AI, digital infrastructure, and clean energy. The company is also strengthening its renewable energy ambitions. Ambani highlighted India's decade of economic and digital transformation. Near-term concerns exist for the oil business due to global factors. Read more |
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 PLI 2.0: India bets big on making more of the smartphone at home |
| India is updating its mobile phone production incentive scheme. The new plan targets over 55% domestic value addition. It will also link with component manufacturing schemes. This aims to boost local sourcing of crucial parts. The government wants to reduce reliance on imports for high-value components. This move follows concerns about current import dependence. Read more |
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 IndiGo Q4 Results: Co reports loss of Rs 2,536 crore vs profit a year ago |
| IndiGo Q4 Results: Budget carrier IndiGo faced a tough fourth quarter in FY26, reporting a net loss of Rs 2,536 crore. Revenue saw a slight rise to Rs 22,438 crore. The airline navigated disruptions from the Middle East conflict and foreign exchange volatility. Despite these challenges, IndiGo maintained a strong balance sheet and liquidity. Read more |
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 Indian power firms snap up gas to meet rising night-time cooling demand |
| India's power companies have significantly boosted natural gas purchases from a domestic exchange, quadrupling them to combat soaring summer electricity demand. Blistering heatwaves have driven peak power needs to record highs, forcing reliance on gas-fired plants. Despite price hikes and supply challenges, this fuel is crucial for meeting demand, though shortages persist. Read more |
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 Forex reserves fall $7.5 billion |
| The rupee fell to a record low of 96.96 on May 20. The fall in reserves also comes amid revaluation in gold reserves. Gold reserves fell by $4.5 billion to $114.7 billion, while foreign currency assets decreased by $2.8 billion to $543 billion in the week. Read more |
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 Air India to cut 22 percent domestic flights amid high fuel prices |
| Air India is reducing domestic flights by up to 22 percent. This move comes as the airline faces rising operational costs from high fuel prices. International flights have also seen a reduction of around 27 percent. Passengers affected will be assisted with re-accommodation or refunds. The airline will monitor conditions to restore services. Read more |
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 Siddaramaiah resigns! DK Shivakumar to claim Karnataka CM chair |
| Siddaramaiah submitted his resignation to the Governor's office. This decision follows meetings between Congress leaders. The move ends a power tussle within the Karnataka Congress. Shivakumar was previously deputy chief minister. The transition is expected to bring cabinet and organizational changes. Read more |
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 Petrol, diesel prices hiked by Rs 7.5 per litre since Iran war |
| Fuel prices are rising again, making travel and goods more expensive. This impacts transporters, supply chains, and household budgets. Oil Marketing Companies are seeing stock rallies. The government faces a challenge balancing OMCs' financial health with consumer impact. Global events continue to influence fuel costs. Read more |
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 India dominates World's 100 Hottest Cities list for second week in a row |
| Indian cities are currently the hottest globally, with 97 out of the top 100 hottest locations. Cities in states like Uttar Pradesh, Bihar, and Odisha are experiencing extreme heat. Temperatures are reaching punishing highs, with little relief even at night. This prolonged heatwave is impacting public health, leading to increased cases of heat-related illnesses. Read more |
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 IPL 2026 final: Aggressive RCB look to tame solid GT in search of second title in a row |
| Royal Challengers Bengaluru and Gujarat Titans clash in the IPL final. RCB, with their aggressive batting and potent bowling, are favored to win. Gujarat Titans rely on their top-order batsmen to score heavily. The match promises an exciting contest between two distinct playing styles. RCB aims to secure their second consecutive title. Read more |
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