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What is the story about?
Renewed tensions between the US and Iran kept global markets on edge after US Secretary of State Marco Rubio said Washington is awaiting Tehran’s response to a proposed peace deal and called Iran’s claims over the Strait of Hormuz “unacceptable”. Oil prices moved higher amid the geopolitical developments.
US Secretary of State Marco Rubio said Washington is awaiting Iran’s response to a proposed peace deal, while warning that Tehran’s claims over the Strait of Hormuz were “unacceptable”. Oil prices rose amid renewed tensions between the US and Iran.
Indian markets ended a volatile week with gains, even as benchmark indices fell on Friday following a sharp decline in shares of State Bank of India after its Q4 results. The Nifty still closed the week up 1%, while broader markets outperformed. Separately, Sebi approved IPO plans for Zepto Ltd, Dhoot Transmission Ltd and four other companies.
In politics, Suvendu Adhikari was chosen as the BJP Legislative Party leader in West Bengal, setting the stage for him to become the Chief Minister. Actor-politician Vijay is also set to take oath as Chief Minister of Tamil Nadu on May 9.
US awaits Iran response today; Tehran claims of Hormuz control 'unacceptable', says Rubio
US expects Iran's response to the 14-point peace deal on Friday, May 8, US Secretary of State Marco Rubio said in a media interaction after a "very good" meeting with Pope Leo XIV.
Read More
Market at Close | Nifty rises 1% for week despite Friday selloff triggered by SBI slump
The equity benchmark indices BSE Sensex and NSE Nifty ended lower on Friday (May 8), but still closed the week with gains amid volatile trade, with broader markets outperforming frontline indices.
Read More
Also Read: Rupee falls 33 paise against dollar as renewed US-Iran tensions lift oil prices
SBI Q4 Results: Stock falls 7% after core income miss, slippages jump from last quarter
India's largest lender State Bank of India Ltd. (SBI) reported results for the March quarter on Friday, May 8, that were mixed when compared to analyst expectations.
Read More
Suvendu Adhikari to become BJP’s first CM in West Bengal
Union Home Minister Amit Shah on Friday announced the election of Suvendu Adhikari as the leader of the BJP Legislative Party in West Bengal, paving the way for him to become the state’s next chief minister.
Read MoreAlso Read: Who is Suvendu Adhikari, Mamata Banerjee's former aide and next West Bengal CM
TVK's Vijay to take oath as Tamil Nadu CM on May 9 at 11 AM
Actor-turned-politician Vijay is expected to take oath as the Chief Minister of Tamil Nadu on Saturday at 11 am, amid fast-moving political developments over government formation in the state, according to CNN-News18.
Read More
EXCLUSIVE | Tata Trusts to discuss Tata Sons board nomination, listing comments on May 16
A crucial meeting of the Tata Trusts, originally scheduled for Friday, May 8, has been postponed to May 16, sources told CNBC-TV18.
Read MoreSEBI clears IPO plans for Zepto, Dhoot Transmission, four others
The Securities and Exchange Board of India (SEBI) on Friday (May 8) approved fund-raising through initial public offerings (IPOs) for multiple companies, including quick commerce unicorn Zepto Ltd, Hotel Polo Towers Ltd, Crystal Crop Protection Ltd, Surgiwear Ltd, Horizon Industrial Parks Ltd and Dhoot Transmission Ltd.
Read More
AI 171 crash probe in final stage; report expected within a month: Aviation Minister
The investigation into the AI 171 crash is in its final stage and is expected to take around another month to complete, Aviation Minister Rammohan Naidu said on Friday, stressing that the probe is being conducted with “utmost seriousness, fairness and transparency”.
Read More
Kiran Mazumdar-Shaw says family will stay on Biocon boards, professionals will run operations
Kiran Mazumdar-Shaw, Chairperson of Biocon, said family members will continue to play board-level roles at Biocon, while professional management will remain responsible for running the company’s day-to-day operations.
Read More
TCS sexual harassment-forced conversion case: Accused Nida Khan sent to police custody till May 11
A Nashik court on Friday remanded Nida Khan, an accused in the sexual harassment and religious coercion case at the Tata Consultancy Services (TCS) unit here, in police custody till May 11.
Read More
Don’t rush US trade deal yet, GTRI tells India after American court tariff ruling
The Global Trade Research Initiative (GTRI) has said that the May 7 ruling by the United States Court of International Trade against the 10% tariffs applies only to the parties that filed the case — the state of Washington, spice importer Burlap & Barrel, and toy maker Basic Fun!
Read MoreTwo Indians among crew on hantavirus-hit cruise ship; health authorities trace 12 countries
Health authorities across four continents on Thursday were tracking down and monitoring passengers who disembarked a hantavirus-stricken cruise ship before its deadly outbreak was detected, and trying to trace others who may have come into contact with them since then.
Read More
We will meet you on Monday with another engaging Top 10@10
US Secretary of State Marco Rubio said Washington is awaiting Iran’s response to a proposed peace deal, while warning that Tehran’s claims over the Strait of Hormuz were “unacceptable”. Oil prices rose amid renewed tensions between the US and Iran.
Indian markets ended a volatile week with gains, even as benchmark indices fell on Friday following a sharp decline in shares of State Bank of India after its Q4 results. The Nifty still closed the week up 1%, while broader markets outperformed. Separately, Sebi approved IPO plans for Zepto Ltd, Dhoot Transmission Ltd and four other companies.
In politics, Suvendu Adhikari was chosen as the BJP Legislative Party leader in West Bengal, setting the stage for him to become the Chief Minister. Actor-politician Vijay is also set to take oath as Chief Minister of Tamil Nadu on May 9.
US awaits Iran response today; Tehran claims of Hormuz control 'unacceptable', says Rubio
(Image Reuters)
US expects Iran's response to the 14-point peace deal on Friday, May 8, US Secretary of State Marco Rubio said in a media interaction after a "very good" meeting with Pope Leo XIV.
Read More
Market at Close | Nifty rises 1% for week despite Friday selloff triggered by SBI slump
The equity benchmark indices BSE Sensex and NSE Nifty ended lower on Friday (May 8), but still closed the week with gains amid volatile trade, with broader markets outperforming frontline indices.
Read More
Also Read: Rupee falls 33 paise against dollar as renewed US-Iran tensions lift oil prices
SBI Q4 Results: Stock falls 7% after core income miss, slippages jump from last quarter
India's largest lender State Bank of India Ltd. (SBI) reported results for the March quarter on Friday, May 8, that were mixed when compared to analyst expectations.
Read More
Suvendu Adhikari to become BJP’s first CM in West Bengal
Union Home Minister Amit Shah on Friday announced the election of Suvendu Adhikari as the leader of the BJP Legislative Party in West Bengal, paving the way for him to become the state’s next chief minister.
Read MoreAlso Read: Who is Suvendu Adhikari, Mamata Banerjee's former aide and next West Bengal CM
TVK's Vijay to take oath as Tamil Nadu CM on May 9 at 11 AM
Actor-turned-politician Vijay is expected to take oath as the Chief Minister of Tamil Nadu on Saturday at 11 am, amid fast-moving political developments over government formation in the state, according to CNN-News18.
Read More
EXCLUSIVE | Tata Trusts to discuss Tata Sons board nomination, listing comments on May 16
A crucial meeting of the Tata Trusts, originally scheduled for Friday, May 8, has been postponed to May 16, sources told CNBC-TV18.
Read MoreSEBI clears IPO plans for Zepto, Dhoot Transmission, four others
The Securities and Exchange Board of India (SEBI) on Friday (May 8) approved fund-raising through initial public offerings (IPOs) for multiple companies, including quick commerce unicorn Zepto Ltd, Hotel Polo Towers Ltd, Crystal Crop Protection Ltd, Surgiwear Ltd, Horizon Industrial Parks Ltd and Dhoot Transmission Ltd.
Read More
AI 171 crash probe in final stage; report expected within a month: Aviation Minister
Ahmedabad: Wreckage of the crashed Air India plane being lifted through a crane, in Ahmedabad, Gujarat, Saturday, June 14, 2025. /PTI
The investigation into the AI 171 crash is in its final stage and is expected to take around another month to complete, Aviation Minister Rammohan Naidu said on Friday, stressing that the probe is being conducted with “utmost seriousness, fairness and transparency”.
Read More
Kiran Mazumdar-Shaw says family will stay on Biocon boards, professionals will run operations
Kiran Mazumdar-Shaw, Chairperson of Biocon, said family members will continue to play board-level roles at Biocon, while professional management will remain responsible for running the company’s day-to-day operations.
Read More
TCS sexual harassment-forced conversion case: Accused Nida Khan sent to police custody till May 11
A Nashik court on Friday remanded Nida Khan, an accused in the sexual harassment and religious coercion case at the Tata Consultancy Services (TCS) unit here, in police custody till May 11.
Read More
Don’t rush US trade deal yet, GTRI tells India after American court tariff ruling
U.S. President Donald Trump speaks during the signing ceremony for an executive order on mail ballots, in the Oval Office of the White House in Washington, D.C., March 31, 2026. (Image Reuters file)
The Global Trade Research Initiative (GTRI) has said that the May 7 ruling by the United States Court of International Trade against the 10% tariffs applies only to the parties that filed the case — the state of Washington, spice importer Burlap & Barrel, and toy maker Basic Fun!
Read MoreTwo Indians among crew on hantavirus-hit cruise ship; health authorities trace 12 countries
Health authorities across four continents on Thursday were tracking down and monitoring passengers who disembarked a hantavirus-stricken cruise ship before its deadly outbreak was detected, and trying to trace others who may have come into contact with them since then.
Read More
We will meet you on Monday with another engaging Top 10@10
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