11:11 | Monsoon delayed, Change of guard in Karnataka, Vodafone Idea's subscription rises, ONGC results and more

• IMD delays Kerala monsoon onset, now expected between May 28 and June 3

The IMD has delayed the expected onset of the southwest monsoon over Kerala from May 26 to between May 28 and June 3, pending key weather conditions needed for an official declaration. The IMD formally declares the onset of the southwest monsoon over Kerala only after a set of meteorological conditions is met.

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• Siddaramaiah likely to resign on May 28; DK Shivakumar set for top post: Report

Siddaramaiah is likely to step down as Karnataka chief minister on May 28, according to a News18 report. The report added that the party has asked him to take up a national-level role,

while Deputy Chief Minister DK Shivakumar is set to succeed him as chief minister.

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• Vodafone Idea shares may extend 45% surge of last one month after the third month of subscriber addition

Shares of Vodafone Idea Ltd. are expected to be in focus on Wednesday, May 27, after the telecom operator reported its third consecutive month of subscriber additions.According to the latest telecom subscriber data for April, Vodafone Idea added 53,257 users during the month, compared to 1.03 lakh additions in March and 21,927 additions in February.

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• 8th Pay Commission: Railway staff body seeks higher increments, revised pay formula

The Indian Railway Technical Supervisors’ Association (IRTSA) has proposed a multi-layered salary revision framework under the 8th Pay Commission, seeking higher fitment factors, faster career progression and a separate pay structure for technical railway staff.

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• IRDAI links insurance executives' pay to customer outcomes and business performance

The Insurance Regulatory and Development Authority of India (IRDAI) has introduced new regulations linking the remuneration of key managerial personnel (KMPs) at insurance companies to policyholder outcomes and business performance, while also tightening disclosure requirements to strengthen corporate governance across the sector.

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• Siemens Q4 profitability hit by higher costs, weak rupee; Stock to react today

Siemens reported a 32.6% increase in its order inflow to ₹6,731 crore compared to ₹5,074 crore last year. This included the order from its parent group worth ₹1,830 crore in the mobility segment.

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• Maruti Suzuki starts work-from-home, cuts travel following PM appeal

After Prime Minister Narendra Modi urged a return to COVID-era measures such as work-from-home, online meetings, and reduced travel, car market leader Maruti Suzuki India Ltd on Tuesday (May 26) said it has implemented WFH for employees wherever operationally feasible.

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• ONGC Q4 net profit declines QoQ, approves Dahej port JV; declares ₹1 dividend

State-owned Oil and Natural Gas Corporation Ltd (ONGC) on Tuesday (May 26) reported a 20.6% quarter-on-quarter decline in net profit at ₹6,650 crore for the fourth quarter, compared with ₹8,372 crore in the previous quarter.

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• AIADMK strength drops to 43 as fourth rebel MLA resigns, joins

A fourth AIADMK MLA, again from the rebel camp led by C Ve Shanmugam-SP Velumani duo, on Tuesday resigned from the Tamil Nadu Assembly, bringing down the strength of the opposition party in the 234-member House to 43 from 47.

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• TVK Tamil Nadu CM Vijay To Visit Delhi

Tamil Nadu Chief Minister C Joseph Vijay is set to visit New Delhi for the first time since assuming office, with meetings likely with PM Narendra Modi and Congress leaders Sonia Gandhi and Rahul Gandhi.

???? AI WRAP WITH CNBC-TV18

SK Hynix Hits $1 Trillion Market Cap

Stock Surged 11% On AI-driven Demand For High-bandwidth Memory

Shares Up 250% Year-to-date; Market Cap Reached $1.298 Trillion

South Korea Now Hosts 2 Trillion-dollar Companies, First Outside Us

2. Micron Technology Reaches $1 Trillion Market Cap

Stock Popped 18% Following Ubs Upgrade On Ai Infrastructure Demand

High-bandwidth Memory Chips Sold Out For 2026; Next-gen Hbm4 In Production

Micron Now Among Most Valuable Us Tech Firms On Ai Boom

3. Spacex Ipo, Tesla Merger Chatter Reignites

SpaceX Expected To File For Ipo In Early June; Could Raise $50 Billion

Merger Talks With Tesla Underway; Governance Risks, Shareholder Dilution Cited

Betting Markets Assign 33% Odds To Tesla-SPACEX Combination By May 2027

4. Grok Falls Flat In Washington

Only 3 Of 400+ Government Ai Deployments Use Xai’s Grok

Openai Technology Powered 234 Instances; Gemini 33; Anthropic Claude 26

Weak Federal Traction Undermines SpaceX’s $1.75 Trillion Ai Growth Narrative

5. Trump Names Bondi To White House AI Panel

 Bondi To Facilitate Coordination Between Government And Ai Companies

 New Advisory Role Focuses On National Infrastructure Integration

 Appointment Signals Shift Away From Regulation After Eo Postponement

6. Softbank Preps Dual Ipos For Ai Infrastructure

  Sb Energy Could Seek Valuation Above $50 Billion; Ipo As Early As September

 Roze Robotics Spinoff Targets ~$100 Billion Valuation

 Ipos Reflect Investor Appetite For Infrastructure Companies Powering Ai Buildout

7. India Reaches AI Inflexion Point

India Hosts Github’s Largest Developer Community: 27 Million Members

7.5 Million Open-source Ai Contributions; Fastest Enterprise Adoption Globally

Microsoft Investing $17.5 Billion In Indian Cloud And Ai Infrastructure

8. Red Balloon Aerospace Launches Stratospheric Balloon

Super-pressure Balloon Scheduled For Q2 2026 Launch

Carries High-resolution Imaging Payload: 25-75 Centimetre Resolution

Can Remain Airborne For ~100 Days; Cost-effective Alternative To Satellites