Stories from Mumbai · India

Under the Maharashtra Fisheries Rule, 1981, every fishing boat must carry two radios when it goes to sea. This regulation ensures that fishermen have essential communication devices while at sea.

India has strengthened its energy security during the global energy crisis. Petroleum and Natural Gas Minister Hardeep Singh Puri stated that the country has moved forward to secure its energy. He mentioned that the 'Gati Shakti Yojana' has played a role in managing the crisis. The specific measures being implemented to achieve this are not detailed in the report.

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.