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Suvendu Adhikari was sworn in as West Bengal's first BJP Chief Minister, with Governor R.N. Ravi administering the oath in the presence of PM Modi and top NDA leaders. The BJP win ends over a decade of Trinamool Congress rule in a state with 42 Lok Sabha seats.
Prime Minister Narendra Modi attended the swearing-in ceremony of the BJP's first-ever state government in West Bengal. The political milestone ends the party's long pursuit of power in one of India's most competitive and historically Left-leaning states.
Tamil Nadu's Assembly elections have resulted in a hung assembly, with Vijay's TVK close to but short of a majority. Coalition talks are underway, delaying government formation in one of India's key industrial states.
The BJP won 207 of 293 West Bengal Assembly seats, ending 15 years of TMC rule under Mamata Banerjee. Suvendu Adhikari is being sworn in as the state's first BJP Chief Minister.
The US Court of International Trade has struck down Trump's global 10% tariff, ruling it illegal days after the Supreme Court invalidated the emergency tariff it replaced. Trump now heads into talks with China's Xi Jinping next week with his main source of trade leverage removed.
SEBI has proposed sweeping changes to share buyback rules, including removing the mandatory merchant banker requirement and tightening safeguards around minimum public shareholding norms.
President Trump plans to remove FDA Commissioner Marty Makary amid disputes over vaping policy, the abortion pill, and drug rejections. A leadership change at the agency could shift approval timelines and regulatory priorities affecting pharma and biotech sectors.
Actor-politician Vijay is set to take oath as Tamil Nadu Chief Minister at 11 AM on Saturday after meeting the Governor on Friday. He secured coalition support from TVK, the Left, and Congress to stake his claim to form the government.
CBDT has identified its top 10,000 arrear cases, representing Rs 2.57 lakh crore in outstanding tax demand, as its primary collection target for FY27. The department will also track top advance-tax payers and scrutinise potential misuse of exemptions and deductions.
The Trump administration announced a major expansion of its denaturalization campaign, targeting foreign-born U.S. citizens accused of fraudulently obtaining citizenship. The move widens enforcement pressure beyond undocumented residents to naturalized citizens, a group of roughly 23 million people.
Suvendu Adhikari met Governor R.N. Ravi to stake claim to form West Bengal's government and will be sworn in as Chief Minister at Brigade Parade Grounds on Saturday. He is set to become the state's first BJP Chief Minister, ending years of Trinamool Congress rule.
Tamil Nadu's Governor's office says Vijay was not invited to be sworn in as CM because TVK lacked written support letters from VCK and IUML, which won two seats each. Without those letters, TVK could not prove a majority, stalling its government formation bid.
Advocate A. Lakshminarayanan has petitioned the Supreme Court arguing Tamil Nadu's Governor is duty-bound to invite TVK to form a government. The plea contends that ignoring this obligation would violate the electoral mandate and damage democratic norms.
The U.S. Court of International Trade ruled that Trump's 10% blanket import tariff exceeds his legal authority, but relief applies only to the two small companies that filed suit. All other importers must keep paying the tariff while the administration is expected to appeal.
The RBI's Fifth Amendment Directions, 2026 now allow banks to count current-year profits in their CRAR capital ratio on a quarterly basis, subject to a prescribed formula. This could reduce pressure on lenders to raise fresh equity and may support faster loan book growth.
West Bengal's BJP legislature party is meeting to elect a new Chief Minister ahead of the state's first-ever BJP government swearing-in, set for May 9 at Brigade Parade Ground in Kolkata. The choice of CM will set the tone for how the party governs one of India's most politically significant states.
The BJP now governs or sits in ruling coalitions across 22 of India's states and union territories following recent state election results. The expanded footprint strengthens Modi's ability to push through reforms requiring state-level cooperation and signals sustained political dominance heading into future elections.
A federal court ruled Wednesday that President Donald Trump's new global tariffs are unlawful, the second major legal defeat for his trade agenda after a recent Supreme Court loss. Businesses facing import duties under the tariffs may see relief, though the administration is expected to appeal.
DMK chief M.K. Stalin says his party will not join the government but has left the door open for allies CPI, CPI(M), and VCK to decide independently. Their choices will shape Tamil Nadu's government structure and the stability of the DMK-led coalition.
The U.S. Court of International Trade voted 2-1 to block Trump's global 10% baseline tariff, though the ruling currently protects only two companies and the state of Washington. The decision opens a legal pathway for wider challenges that could threaten the tariff's broader enforcement.