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Stock Market Live, June 1: Sensex volatile in noon trade, Nifty holds above 23,500 amid Iran talks caution and FPI outflows

Stock Market Live, June 1: Sensex volatile in noon trade, Nifty holds above 23,500 amid Iran talks caution and FPI outflows

by | Jun 1, 2026 | Business


Kingfa Science: Q4 cons Net Profit Rs. 59.1 Cr vs 41.9 Cr (YoY), Q4 Revenue Rs. 578 Cr vs 469 Cr (YoY) (Positive) 

Gujarat Industries Power: Q4 SL Net Profit Rs. 327 Cr vs 69.70 Cr (YoY), Q4 Revenue Rs. 430 Cr vs 340 Cr (YoY) (Positive)

Lumax Auto Tech: Q4 cons Net Profit Rs. 88.10 Cr vs 58.40 Cr (YoY), Q4 Revenue Rs. 1420 Cr vs 1133 Cr (YoY) (Positive) 

Knowledge Marine: Q4 cons Net Profit Rs. 23.50 Crvs 10.50 Cr (YoY), Q4 Revenue Rs. 67.60 Cr vs 47.50 Cr (YoY) (Positive) 

Rubicon Research: Q4 Net Profit Rs. 76.80 Cr vs 36.20 Cr (YoY), Q4 Revenue Rs. 514 Cr vs 360 Cr (YoY) (Positive) 

Premier Explosives: Q4 Net Profit Rs. 6.60 Cr vs 3.70 Cr (YoY), Q4 Revenue Rs. 89.20 Cr vs 74.10 Cr (YoY) (Positive)

Everest Kanto Cylinder: Q4 Net Profit Rs. 45.90 Cr vs 13.30 Cr (YoY), Q4 Revenue Rs. 360 Cr vs 420 Cr (YoY) (Positive)

Olectra: Q4 Net Profit Rs. 55.5 Cr vs 20.7 Cr (YoY), Q4 Revenue Rs. 644 Cr vs 448 Cr (YoY) (Positive) 

Swan Corp: Q4 cons Net Profit Rs. 268 Cr vs loss 17.7 Cr (YoY), Q4 Revenue Rs. 870 Cr vs 850 Cr (YoY) (Positive)

NMDC Steel: Q4 cons Net Profit Rs. 392 Cr vs loss 473 Cr (YoY), Q4 Revenue Rs. 3879 Cr vs 2838 Cr (YoY) (Positive)

NMDC: Q4 Net Profit Rs. 2018 Cr vs 1483 Cr (YoY), Q4 Revenue Rs. 11343 Cr vs 7005 Cr (YoY) (Positive)

Glenmark: Q4 Net Profit Rs. 301 Cr vs 5.0 Cr (YoY), Q4 Revenue Rs. 3771 Cr vs 3256 Cr (YoY) (Positive)

Bajaj HInd: Q4 Cons Net Profit Rs. 391 Cr vs 34 Cr (YoY), Q4 Revenue Rs. 1669 Cr vs 1552 Cr (YoY) (Positive)

Modern Insulators: Q4 Net Profit Rs. 24.60 Cr vs 9.10 Cr (YoY), Q4 Revenue Rs. 202 Cr vs 160 Cr (YoY) (Positive)

Gufic Biosciences: Q4 sl Net Profit Rs. 20.60 Cr vs 8 Cr (YoY), Q4 Revenue Rs. 252 Cr vs 205 Cr (YoY) (Positive)

GOCL Corp: Q4 cons Net Profit Rs. 75.10 Cr vs 23 Cr (YoY), Q4 Total Income 78.70 Cr vs 59.60 Cr (YoY) (Positive)

Knr constructions: Q4 cons Net Profit Rs. 106.1 cr vs Rs 7.6 cr (YoY), Q4 Revenue Rs. 695.5 cr vs Rs 975.2 cr (YoY) (Positive)

Jayant agro organics: Q4 Net Profit Rs. 20 cr vs 10.9 cr (YoY), Q4 Revenue Rs. 6.5b vs 6.3b (YoY) (Positive)

EKI Energy: Company has received a licence from the Central Electricity Regulatory Commission, enabling its entry into the electricity trading segment. (Positive)

PNC Infratech: Company has received an EPC contract worth Rs 302.44 crore from the Airports Authority of India. (Positive)

Lupin: Company has secured USFDA approval for its ANDA covering Sodium Sulfate, Magnesium Sulfate, and Potassium Chloride tablets. (Positive)

Reliance Ind/ TCS/ Infosys/ Tata Steel: Moody’s Ratings has upgraded ratings, citing strong financial discipline, diversified operations, and a resilient credit profile. (Positive)

Godrej Prop: Company wins bid for residential land parcel in Greater Noida with est rev potential of over ₹7,000 cr (Positive)

Textile Companies: India waives cotton import duty till Oct 30 to boost supply for textile sector. (Positive)

Cyient: Company enters agreement to acquire TAO Digital, an AI-native data and product engineering solutions firm headquartered in Santa Clara, California, at an EV of $218 m. (Positive)

Hindustan Copper: Company has been awarded a 20-year contract to Lohum Materials to resume operations at its Gujarat Copper Unit. (Positive)

Hemisphere Properties: Company to sell bopkhel, pune land parcel to hypervault ai data center for up to Rs 640.5 cr (Positive)

Tarc Limited: Company projects cumulative cash flows of Rs. 10,000 crore over the next five years; targets FY27 collections of Rs. 1,600–1,800 crore. (Positive)

Glenmark Pharmaceuticals: Company plans to expand its commercial respiratory portfolio in FY27; Winlevi®️ received EU marketing approval with launch slated for FY27 (Positive)

Veranda Learning: Company guides for FY27 Revenue Rs. 670 crore, EBITDA of Rs. 260 crore and pat of Rs. 144 crore, reflecting strong growth over FY26. (Positive)

Aegis Vopak Terminals Limited: Company says India’s first independent 36,000-mt ammonia terminal is on track for completion by Q1 FY27. (Positive)

MSTC: Q4 Cons Net Profit Rs. 77.20 Cr vs 75.50 Cr (YoY), Q4 Revenue Rs. 120 Cr vs 88.90 Cr (YoY) (Neutral)

Praveg: Q4 SL Net Loss Rs. 3.90 Cr vs 3 Cr (YoY), Q4 Revenue Rs. 54.40 Cr vs 42.50 Cr (YoY) (Neutral)

Maan Aluminium: Q4 sl Net Profit Rs. 1.70 Cr vs 3.94 Cr (YoY), Q4 Revenue Rs. 254 Cr vs 246 Cr (YoY) (Neutral)

Bhartiya International: Q4 cons Net Loss Rs. 8.80 Cr vs 14.90 Cr (YoY), Q4 Revenue Rs. 310 Cr vs 240 Cr (YoY) (Neutral)

Salasar Techno Engineering: Q4 cons Net Loss Rs. 12.50 Cr vs loss 5.30 Cr (YoY), Q4 Revenue Rs. 444 Cr vs 483 Cr (YoY) (Neutral)

Ingersoll-Rand: Q4 sl Net Profit Rs. 64.80 Cr vs 67.70 Cr (YoY), Q4 Revenue Rs. 300 Cr vs 320 Cr (YoY) (Neutral)

Antony Waste Handling: Q4 cons Net Profit Rs. 32.5 cr vs Rs 40.0 Cr (YoY), Q4 Revenue Rs. 285.7 cr vs Rs 242.6 cr (YoY) (Neutral)

Wanbury: Q4 Net Profit Rs. 21.7 cr vs Rs 20.2 cr (YoY), Q4 Revenue Rs. 164.5 cr vs Rs 172 cr (YoY) (Neutral)

Triveni Engineering and Industries: Q4 cons Net Profit Rs. 167 Cr vs 187 Cr (YoY), Q4 Revenue Rs. 1833 Cr vs 1925 Cr (YoY) (Neutral) 

Vadilal Enterprises: Q4 sl Net Loss Rs. 4.20 Cr vs loss 8.80 Cr (YoY), Q4 Revenue Rs. 290 Cr vs 223 Cr (YoY) (Neutral) 

Interglobe Aviation: Q4 sl Net Loss Rs. 2660 Cr vs 3070 Cr (YoY), Q4 Revenue Rs. 22400 Cr vs 22100 Cr (YoY) (Neutral) 

MSTC: Q4 Net Profit Rs 77 Cr vs 76.0 Cr (YoY), Q4 Revenue Rs 119 Cr vs 89 Cr (YoY) (Neutral) 

IREDA: Q4 Net Profit Rs 493 Cr vs 502.0 Cr (YoY), Q4 Revenue Rs 2175 Cr vs 1905 Cr (YoY) (Neutral) 

Antony Waste: Q4 Net Profit Rs 33 Cr vs 40.0 Cr (YoY), Q4 Revenue Rs 286 Cr vs 243 Cr (YoY) (Neutral) 

Tilak Nagar: Q4 Net loss Rs 15 Cr vs 77 Cr (YoY), Q4 Revenue Rs 950 Cr vs 384 Cr (YoY) (Neutral) 

Tasty bite eatables: Q4 sl Net Profit Rs. 6.01 Cr vs 6.20 Cr (YoY), Q4 Revenue Rs. 120 Cr vs 134 Cr (YoY) (Neutral) 

The Hi-tech gears: Q4 Net Profit Rs. 8.11 vs Rs 9.72 cr (YoY), Q4 Revenue Rs 228.6 cr vs Rs 214.8 (YoY) (Neutral)

Indian Renewable Energy Development Agency: Q4 sl Net Profit Rs. 500 Cr vs 500 Cr (YoY), Q4 Revenue Rs. 2140 Cr vs 1900 Cr (YoY) (Neutral) 

Gujarat Gas: Q4 sl Net Profit Rs. 521Cr vs 692 Cr (QoQ), Q4 Revenue Rs. 6000 Cr vs 6100 Cr (QoQ) (Neutral) 

D P Wires: Q4 standalone results Net Profit Rs. 9.39 Cr, up by 132.4% YoY and 177.0% QoQ, Revenue Rs. 129.02 Cr QoQ (Neutral) 

RR Kabel: Company re-designates Mahhesh Kabra as Joint MD w.e.f. June 1, 2026; re-designates Rajesh Kabra as Joint MD w.e.f. June 1, 2026 (Neutral) 

Mamata Machinery: Company CEO Apurva Kane expects FY27 to mark a return to growth with normalising profitability (Neutral) 

Zydus Lifesciences: Share buyback opens June 4 (Neutral)

PB Fintech: Two co-founders of PB Fintech have sold nearly 1 per cent stake in the company for around Rs 665 crore. (Neutral)

BEML: FY26 order book stands at 16,349 cr vs guidance of 22,000 cr (Neutral)

Lupin: Company’s wholly-owned subsidiary Nanomi B.V. (Netherlands) is acquiring the minority stake in Multicare Pharmaceuticals Philippines Inc. (Neutral)

Colgate: Company hikes prices of select toothpaste packs across its portfolio. (Neutral) 

SBI LIFE: Company appoints Ramesh Venkateshamurthy as Deputy CEO (Neutral)

Hero MotoCorp: LIC sold a 2% stake in the automaker, reducing its total shareholding to 5.1%. (Neutral)

Suzlon: SEBI imposes ₹29-cr penalties on Suzlon Energy & key execs in OMS slump sale case. (Neutral)

JSW Steel: Company’s arm retains successful bidder status for Colour Roof India. (Neutral)

Oil Marketing PSUs: Prices of commercial LPG cylinders have been increased by ₹42 per cylinder (Neutral)

Senco Gold ltd: Company sees 6% decline in gold sales as buyers shift toward silver and diamond jewellery (Neutral)

List of stocks included in the short term ASM Framework: Adani Total, Jaykay Enterprises, Novartis. (Neutral) 

List of stocks excluded from ASM Framework: Bharat Wire, Bliss GVS, Jain Resource. (Neutral) 

Circuit filter change from 10% to 5%: HFCL. (Neutral)

Circuit filter change from 20% to 10%: Bliss GVS. (Neutral)

Concord: Q4 cons Net Profit Rs. 89 Cr vs 140 Cr (YoY), Q4 Revenue Rs. 326 Cr vs 430 Cr (YoY). (Negative)

EMS: Q4 Cons Net Profit Rs. 5.60 Cr vs 46.60 Cr (YoY), Q4 Revenue 120 Cr vs 265 Cr (YoY) (Negative)

Agarwal Industrial Corp: Q4 cons Net Profit Rs. 15.70 Cr vs 30.50 Cr (YoY), Q4 Revenue Rs. 400 Cr vs 823 Cr (YoY) (Negative) 

Inox Wind: Q4 cons Net Profit Rs. 105 Cr vs 187 Cr (YoY), Q4 Revenue Rs. 1240 Cr vs 1275 Cr (YoY) (Negative) 

Haleos Labs: Q4 cons Net Profit Rs. 40 Lakhs vs 3 Cr (YoY), Q4 Revenue Rs. 75.10 Cr vs 89.10 Cr (YoY) (Negative) 

Repro India: Q4 cons Net Loss Rs. 11.30 Cr vs 1.10 Cr (YoY), Q4 Revenue Rs. 140 Cr vs 123 Cr (YoY) (Negative) 

Radiant Cash: Q4 Net Profit Rs. 5.4 Cr vs 9.8 Cr (YoY), Q4 Revenue Rs. 100 Cr vs 104 Cr (YoY) (Negative) 

JM FIn: Q4 Net Profit Rs. 165 Cr vs 210 Cr (YoY), Q4 Revenue Rs. 950 Cr vs 1004 Cr (YoY) (Negative) 

KNR Cons: Q4 Net Profit Rs. 106 Cr vs 139 Cr (YoY), Q4 Revenue Rs. 696 Cr vs 975 Cr (YoY) (Negative) 

Peninsula: Q4 cons Net Loss Rs. 110 Cr vs 25.2 Cr (YoY), Q4 Revenue Rs. 40.0 Cr vs 62.7 Cr (YoY) (Negative) 

Dreamfolks: Q4 cons Net Loss Rs. 13 Cr vs profit 14.0 Cr (YoY), Q4 Revenue Rs. 52.0 Cr vs 314 Cr (YoY) (Negative) 

Hinduja Global: Q4 cons Net Loss 6.30 Cr vs 3.80 Cr (YoY), Q4 Revenue Rs. 1080 Cr vs 1160 Cr (YoY) (Negative)

Pashupati Cotspin: Q4 sl Net Profit Rs. 1.72 cr vs Rs 7.2 cr (YoY), Q4 Revenue Rs. 170.2 Cr vs Rs 128.2 (YoY) (Negative)

Mamata machinery: Q4 cons Net Profit Rs. 0.01 cr vs Rs 27.1 cr (YoY), Q4 Revenue Rs. 73.7 cr vs Rs 111.0 cr (YoY) (Negative)

IRCTC: Company receives statutory notice from FSSAI over food safety violations; serious hygiene lapses (Negative)

Jupiter Wagons: Q4 Net Profit Rs. 27.2 Cr vs Rs 102.5 cr (YoY), Q4 Revenue Rs 780.1 cr vs Rs 1044.55 (YoY) (Negative)

Jubilant Pharmova: Company has received a USFDA warning letter for its Canada facility post an inspection at the Montreal unit. (Negative)



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MCX starts trading in ‘Silver 100’ futures

MCX starts trading in ‘Silver 100’ futures

by | Jun 1, 2026 | Business


Multi Commodity Exchange of India, the country’s largest commodity derivatives exchange, has launched futures trading in ‘Silver 100’ on Monday.

Currently, the exchange has Silver Futures contracts on 30kg, 5kg, 1kg contracts and in Options, it trades in 5kg, 30kg monthly contracts. All the contracts are well received by the industry and trades with good liquidity, said the exchange.

The exchange’s Silver Futures and Options log an average daily turnover of ₹21,648 crore and ₹74,883 crore in FY26.

Praveena Rai, Managing Director & CEO, MCX said the Silver 100 Futures contract helps businesses in India’s silver industry protect themselves against price volatility.

Local jewellery businesses can now hedge or take delivery in quantities that are better aligned with their inventory needs, she added.

This reduces the need to commit larger amounts of capital or take exposure beyond actual business requirements, she added.

The contract will also help retail participants to invest in silver in smaller quantities over time, while trading through a secure regulated exchange framework, said Rai.

MCX has sought applications to empanel domestic refiners to facilitate delivery of locally refined silver on the exchange platform.

The initiative was aimed to reduce dependence on import and increase domestic silver recycling.

Published on June 1, 2026



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The Art of Letting Go – at every stage, not just when we retire

The Art of Letting Go – at every stage, not just when we retire

by | May 31, 2026 | Business


I marvel at the way some people seamlessly navigate post-retirement life and despair at the way others struggle to come to terms with the closure of their professional career.

The interesting thing is that whether a person embraces or struggles with post-retirement, is not dependent on how that person’s career unfolded. Be it a sterling career to reach a position of great responsibility or an average run of decades of sincere service that does not seem to determine the attitude and approach to letting go. Is it therefore inherent wisdom and a blessed detachment that helps one say goodbye and walk off to the next phase in life? Is it extreme attachment to an organisation, to a role, or even an egoistic expression of ‘I am still needed’ that prevents a healthy acceptance that one’s tenure is done? Is it the price one pays because they made their office and their role so central to their existence?

I cast my mind and find friends who, after great careers, never visited the office again. Instead with alert and open minds, they chose to jazz up their life with new interests and experiences and fresh purpose. These people provide pro-bono service in the social sector, do some people coaching, take responsibility for their Resident Welfare Association, all with the enthusiasm of a first job. I have a college batchmate, who post-retirement conceptualised and executed the largest residential solar power project in Bengaluru.

But my examples are not only about people who found new avenues. There are also friends who have brilliantly navigated this phase by rewarding themselves for a lifetime of hard work and accomplishment by immersing themselves in music, travel, photography or simply enjoying time with their grandchildren. These are wise people who let go the achievements and accomplishments of their past, thus freeing themselves to explore the new.

But the art of ‘letting go’ is not something one develops at 60. It is a mindset and wisdom that is developed in a variety of situations and circumstances right through one’s career. I witnessed this within a year of joining my first job. My supervisor, a dynamic sales manager with fantastic customer contacts, was asked to pass on the verdant Pune industrial business to me. The chief wanted me to grow into that role, while planning a new progression path for my supervisor. Sadly, my supervisor could not digest letting go of the Pune business he had developed over years. Not insecurity, not resentment, but the classic trap of – this is what I do best and I do it better than anyone else. Months later, when I won a huge order from one of those accounts, I announced in every company forum that I had merely collected the order and the credit must go to the person who had nurtured the account so well. That announcement by me was balm to the man, but I felt sad that a seasoned professional needed this kind of cushioning to make peace with changed circumstances. I vowed I will manage these things better.

Years later, when I had to move on from leading an extremely successful division with a close-knit team, I felt the pangs of what I would be missing. But I told myself, no sentiments – this will be a clean, happy break. I wrote a cheery farewell note recalling the best memories of my tenure with them. Some years later I moved on from that organization. I lost touch with many of them, though a few picked up the threads once WhatsApp came into our lives. We reminisce but I have a self-imposed rule: the minute someone talks of how I was a prime reason for the good times we had, I brusquely change the topic and discourage that thread of chatter.

Later, I also learnt the hard way, that there is no fixed rule of how you let go. In my next organisation, where again I had to move on from one leadership role to another, I did a ‘rinse and repeat’ process of doing a clean break with my division colleagues before moving on. Imagine my surprise when I realised that the clean break was something they could not come to terms with.What I felt was a neat farewell was an abrupt goodbye for them. They felt let down that I did not connect regularly with them or call to ask how they were doing. They felt that all the camaraderie I had built was only related to our work.How could I explain to them that if I continued my interactions, it might hamper their new leader who needed space to establish his relationships and work expectations. A chilled-out incumbent might be welcoming of the predecessor keeping contacts, hoping that it would help the team transition but an insecure leader or a ‘control-freak’ leader could misinterpret even harmless interactions as interference. I realised that while letting go is a necessary mantra of our career, one must be wise enough to assess and calibrate the process.

All said and done, letting go must become a conscious part of a professional’s attitude and approach to a career. The more lightly we hold on, the easier we will travel; the tighter we hold on, the more the emotional burden.

Among my college batchmates – we are all 70 – many have happily embraced retirement. We share old stories from our workplace. Now and then, some will announce, “I am going on a 2000 km bike ride’ or ‘I am going to do a podcast series’ or as in my case, announce ‘I am going to start sketching and painting’. My batchmates know I could not draw a proper perpendicular even with the help of the T-Square but believe I will do some art. That is a sign of stout friendship but it also signals their attitude to retirement. Only when we let go will we be able to reach out for something new.

(S Giridhar is one of the earliest members of Azim Premji Foundation.)

Published on May 31, 2026



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Oil markets see billion bearish bets ahead of Trump Iran announcements

Oil markets see $7 billion bearish bets ahead of Trump Iran announcements

by | May 7, 2026 | Business


The timing of the positions coincided with multiple announcements that triggered sharp oil price movements, including delays in military action, ceasefire talks, and discussions around the Strait of Hormuz. The identities of the traders remain unknown, and regulatory agencies have not officially commented.

A series of well-timed market bets on falling oil prices totalling as much as $7 billion during March and April spread across multiple exchanges and types of fuel and derivatives just before major Iranian policy announcements by U.S. President Donald Trump, according to traders, market experts and Reuters analysis of exchange data.

The size exceeds previously reported bets amounting to $2.6 billion, which have already prompted the U.S. administration to warn staff against using nonpublic information for financial benefit. The U.S. Commodity Futures Trading Commission (CFTC) is investigating, a person familiar with the matter told Reuters in April, although the CFTC has yet to officially confirm a probe is underway.

Exchanges and instruments under scrutiny

Reuters could not establish who placed the bets and whether they originated in the U.S. or elsewhere. They included short positions, or bets that prices would fall, for derivatives including ICE, CME crude, diesel and gasoline futures.

The bets took place on two major exchanges that host benchmark global oil and fuel futures trade: the Intercontinental Exchange (ICE) and Chicago Mercantile Exchange (CME). Both exchanges declined to comment. The CME is investigating the trades, a source familiar with the matter told Reuters.

Suspicious timing ahead of Trump policy announcements

Traders first spotted unusual trades on March 23. The trades were executed minutes before Trump announced a delay to threatened attacks on Iranian power infrastructure, triggering an oil price fall.

The same pattern repeated on April 7, before Trump announced a ceasefire with Iran that triggered a fall of as much as 15% in benchmark ICE Brent futures. It happened again on April 17, when Iranian officials and Trump spoke about reopening the Strait of Hormuz, and then again on April 21, when Trump extended the ceasefire.

Reuters and other media reported those trades on the most actively traded front-month contracts for the two global crude benchmarks, Brent and West Texas Intermediate. The value of those bets on those four days in March and April stood at around $2.6 billion, according to Reuters initial calculations.

Regulatory probes and unanswered questions

The U.S. Justice Department, CFTC and White House did not immediately respond to requests for comment.

Published on May 7, 2026



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India and UAE review strategic partnership amid West Asia security concerns

India and UAE review strategic partnership amid West Asia security concerns

by | May 7, 2026 | Business


In this image posted on May 7, 2026, Foreign Secretary Vikram Misri with Mubadala Investment Company MD and CEO Khaldoon Al Mubarak during a meeting.
| Photo Credit:
PTI

Foreign Secretary Vikram Misri on Thursday met UAE’s MoS for International Cooperation, Reem Al Hashimy, and reviewed the full spectrum of ties, along with discussing the regional situation.

Sharing the details of the visit in a post on X, the Ministry of External Affairs Spokesperson, Randhir Jaiswal, said, “Both sides reviewed the full spectrum of the India-UAE Comprehensive Strategic Partnership and identified areas for further cooperation. They also discussed the ongoing regional situation and global issues of mutual interest.”

Also during the visit, Foreign Secretary Misri met with Khaldoon Al Mubarak, MD & CEO, Mubadala Investment Company. They discussed ways to further deepen the India-UAE partnership, including in investment, technology and other key sectors.

West Asia security concerns after Fujairah strikes

The visit to the UAE comes amid the developing security situation in West Asia and the Gulf region, where, earlier this week, strikes took place at the country’s Fujairah Petroleum Industries Zone, resulting in injuries to three Indian nationals.

Prime Minister Narendra Modi has reaffirmed India’s deep-rooted ties with the United Arab Emirates, expressing unwavering support for the Gulf nation after an attack on civilian infrastructure in the strategic energy hub of Fujairah left three Indian citizens injured.

The strikes targeted Fujairah, a critical global maritime artery on the UAE’s eastern seaboard, which serves as a primary bypass for oil exports outside the volatile Strait of Hormuz. In a post on X, the Prime Minister conveyed his distress over the escalation, stating, “Strongly condemn the attacks on the UAE that resulted in injuries to three Indian nationals. Targeting civilians and infrastructure is unacceptable.”

He further emphasised the depth of the bilateral relationship, noting that “India stands in firm solidarity with the UAE” and continues to advocate for the “peaceful resolution of all issues through dialogue and diplomacy.”

Underscoring the strategic importance of the region’s maritime corridors, PM Modi highlighted that “ensuring safe and unimpeded navigation through the Strait of Hormuz is vital for enduring regional peace, stability and global energy security.”

New Delhi’s condemnation was first articulated by MEA Spokesperson Randhir Jaiswal, who, in an official statement on the attack on Fujairah, emphasised India’s stance on the escalating regional situation.

He noted that the targeting of innocent civilians must cease and reiterated that India continues to stand for “dialogue and diplomacy” to restore peace and stability across West Asia.

Highlighting the importance of global trade routes, the spokesperson called for “free and unimpeded navigation and commerce” through the Strait of Hormuz, stressing that such activities must remain in “keeping with international law.”

The Ministry further stated that India stands ready to support all efforts directed towards a peaceful resolution of the ongoing issues in the region.

Published on May 7, 2026



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West Bengal assembly dissolved after completion of full term

West Bengal assembly dissolved after completion of full term

by | May 7, 2026 | Business


West Bengal Governor RN Ravi
| Photo Credit:
BIJOY GHOSH

Governor R N Ravi has dissolved the West Bengal State Legislative Assembly with effect from May 7 after completion of its term, according to an official notification.

The current assembly was constituted in May 2021 after the Trinamool Congress, under the leadership of Mamata Banerjee, returned to power for the third consecutive term in the state.

The dissolution marks the formal completion of the tenure of the outgoing assembly, following the recently concluded two-phase elections.

The notification was issued by the Department of Parliamentary Affairs.

With the dissolution of the assembly, the state cabinet also ceased to exist, effectively bringing Mamata Banerjee’s tenure as chief minister to an end.

However, deviating from practice, Banerjee has refused to resign after her party, the TMC, was defeated by the BJP in the assembly elections, alleging unfair means during the poll process.

Banerjee has maintained that she and her party were defeated through “manipulation”.

Article 174 of the Constitution empowers the Governor to summon the assembly under specific provisions. It governs the sessions, prorogation, and dissolution of state legislatures.

The BJP won 207 seats to secure more than a two-thirds majority in the 294-member West Bengal assembly, ending the TMC’s uninterrupted 15-year rule in the state.

The Mamata Banerjee-led party was reduced to 80 seats.

Published on May 7, 2026



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