Stories from Mumbai · India

May Day is celebrated annually as Labour Day. The significance of this day is for future discussions and its impact on life is substantial.

The Reserve Bank of India (RBI) head has indicated that lower valuations could lead to a moderation in capital outflows from India. This statement was made in the context of financial markets and investment trends.

Stock broker firms are experiencing a fall in their stock values following new restrictions imposed by the Reserve Bank of India (RBI). This development impacts the Indian stock market.

A law enforcement strike force has frozen $580 million in cryptocurrency linked to scam networks operating in Southeast Asia.

Maersk has pledged $2 billion to enhance India's port and maritime ecosystem.

Listed companies in India reported a 14.7 percent increase in net profit for Q3 FY26. This represents the fastest growth rate recorded in two years.

Large-scale job reductions are occurring in India's business process outsourcing sector as companies increase AI spending. Oracle reportedly cut 12,000 jobs in India during April 2026. Tech giant TCS also implemented its largest-ever workforce reduction by cutting 12,000 jobs a few months ago. Net hiring at India's top IT firms has significantly declined. The source suggests AI systems are being trained on decades of transaction and conversation data from these companies. India's top IT firms added only 17 net jobs in April. The source noted that hiring has 'tanked' as a result of these technological shifts. The decline in hiring follows a shift toward artificial intelligence investments. AI models like Anthropic's Claude are enabling software developers to write code more efficiently, potentially replacing thousands of outsourcing support workers.

Listed companies in India reported a 14.7% increase in net profit during the third quarter of fiscal year 2026. This represents the fastest growth rate recorded in two years.

Premier League managing director Hrishikesh Shende stated the organization is committed to improving football in India. The English Premier League has returned, with upcoming matches featuring teams such as Arsenal, West Ham, Liverpool, Chelsea, and Manchester United. The league's return marks the continuation of the season's fixtures.

Hundreds of female sugar cane workers in Maharashtra, India, have reportedly accepted hysterectomies to extend their working lives in the fields. The practice has been observed over recent decades in the state near Mumbai.