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Govt. considering emergency trauma care facilities in all State-run hospitals: Minister Shibu Baby John

New dialysis unit set up at the Neendakara taluk hospital. Facility dedicated to the memory of Alin Sherin, the State’s youngest organ donor

Major T20 reset on cards: Shreyas Iyer set for top job, Sooryavanshi in line for debut

Indian cricket is poised for a significant shift as the selection committee meets to pick squads for upcoming T20I tours. Shreyas Iyer is reportedly set to become the new T20 captain, replacing Suryakumar Yadav, whose form has dipped. The selectors are also considering a maiden call-up for 15-year-old Vaibhav Sooryavanshi.

Will India finally get plastic banknotes? RBI's polymer currency plan explained

The Reserve Bank of India is considering introducing polymer currency notes, a move that could enhance durability and security. Governor Sanjay Malhotra stated the proposal is in its preliminary stages, with the central bank examining its advantages and disadvantages. This initiative aims to address the rapid deterioration of existing paper notes and combat fake currency circulation.

‘India will resist such efforts’: Putin backs New Delhi amid ‘US pressure’ over Russian oil

Vladimir Putin's remarks come at a time when the US is reconsidering a waiver that has allowed countries, including India, to continue purchasing Russian oil.

NHL trade rumor: Maple Leafs consider low-risk move for Patrik Laine

Toronto Maple Leafs are reportedly considering a low-risk move for former 40-goal scorer Patrik Laine. Laine is expected to become a free agent on July 1. The Maple Leafs are looking to add offensive depth. A potential contract could offer cheap scoring if Laine meets certain performance and games played incentives.

US pharma giant is unhappy with Germany; CEO calls planned healthcare reform ‘terrible’

US drug maker Eli Lilly is cutting its investment in a German factory by half. This decision follows new healthcare cost-cutting laws in Germany. The company CEO called the reforms a bad signal for the industry. This move impacts Germany's industrial plans. The factory will now operate at reduced capacity with fewer jobs. Other companies are also reconsidering local investments.

BREAKING: Annamalai Considering Exit From BJP Amid Internal Tensions in Tamil Nadu

Tensions rise in Tamil Nadu's BJP as Annamalai considers leaving the party on his birthday. Despite efforts from the BJP leadership to retain him, sources indicate he may pursue a solo political path, citing dissatisfaction with alliances and party direction. -newsn18oc_indiaNews18 Mobile App - https://onelink.to/desc-youtube

‘Suffocated’ Firhad Hakim likely to quit as Kolkata mayor

Kolkata Mayor Firhad Hakim is reportedly considering stepping down this week, possibly Friday, after the Trinamool's defeat in the Kolkata Municipal Corporation polls. Sources suggest Hakim expressed feeling "suffocated" to party chief Mamata Banerjee, citing the KMC's perceived ineffectiveness. This move follows the arrest and resignation of several councillors, adding to the pressure.

Delhi seeks its own disaster task force

Delhi plans to establish State Disaster Response Force with help from NIDM and NDRF, considering retired NDRF personnel for expertise in disaster response.

GST ruling may cast wider tax net over casinos

The recent Supreme Court (SC) judgment on online gaming and betting is expected to have wider implications across gambling, horse racing, and casinos, experts feel. The court clarified that the GST valuation framework is not confined to any one segment but applies across betting and gambling activities.The ruling makes it clear that the tax framework cannot be read narrowly. “Rule 31A… applies broadly to all betting, gambling and horse racing… Limiting its applicability only to horse racing would render parts of the rule otiose,” a PwC India note on the SC ruling said.Nitin Vijaivergia, partner at Pricewaterhouse & Co LLP, said the judgment upholds the imposition of the top GST slab on online gaming platforms, triggering significant retrospective tax exposure. The court’s reasoning also centres on how such transactions are structured. It has been clarified that in betting and gambling, valuation can be based on the full amount staked and not merely on a narrower measure.“Section 15(1)… permits valuation based on the entire stake,” and “merely because a different method of valuation… may also have been possible, it does not render the Rule unconstitutional,” the note added.For online gaming and casinos, the judgment clarifies when tax liability arises. The court held that the taxable event is triggered when players commit funds to participate in games with uncertain outcomes and no longer retain control over those funds.This also alters the treatment of player funds. The ruling notes that once amounts are committed for participation, “such arrangements cannot be considered deposits or entrustments,” and “the entire staked amount is treated as consideration for the supply.”In the case of casinos, the position is very clear. The court held that tax would be levied on each instance of staking money on an uncertain outcome, and not on the operator’s net earnings or gross gaming revenue.“The mention of staking money on ‘uncertain future outcomes’ may have broader implications for promotional and skill contests with deterministic scoring, and similar other formats. Key operational elements such as wallet architecture, re-deposits, and cashback will be crucial to determine tax demands, especially considering amendments to GST Rules 31 and 31B affecting valuation,” Vijaivergia said.Tax experts say that, broadly, the GST law will now apply where money or money’s worth is staked on uncertain outcomes, and such amounts are treated as consideration for the supply.

Country over IPL? Pat Cummins leaves 2027 participation in doubt

Australian captain Pat Cummins is considering skipping IPL 2027 due to a demanding international schedule. With major tours and tournaments ahead, he indicated that franchise cricket might be sacrificed to prioritize national duties. Cummins emphasized Test matches and the ODI World Cup as his primary focus, suggesting workload management for the pace attack is crucial.

Jefferies raises Titagarh Rail target price by 23%. Check upside potential and key triggers

Shares of Titagarh Rail Systems gained nearly 3% to hit the day's high of Rs 857 on the BSE on Wednesday after Wall Street major Jefferies raised the target price to Rs 990 from Rs 810, implying an upside of 19% from current market levels.With a Buy rating, the international brokerage raised the target by 23%. Jefferies said Titagarh Rail Systems delivered a stronger-than-expected quarter, and improving execution is likely to drive a re-rating of the stock going forward. The brokerage believes Titagarh is well-positioned to benefit from rising demand for passenger and metro coaches, supported by government-led infrastructure initiatives. It estimates a 44% EPS CAGR over FY26-30 and expects the company's strong order book in the passenger segment to provide healthy earnings visibility.Titagarh delivered 64 coaches in FY26, ahead of Jefferies' estimate of 60 coaches. While this fell short of the management's earlier guidance of 100-120 coaches, the shortfall was largely anticipated due to execution delays in the first half of FY26.Management has reiterated confidence in delivering 200-220 coaches in FY27, compared with Jefferies' estimate of 193 coaches, citing the resolution of initial execution challenges. On the flagship Vande Bharat project, the company expects to deliver two trains in FY27, in line with Jefferies' projections, with the prototype scheduled for supply in the December 2026 quarter.Margins in the March quarter came in significantly ahead of expectations at 19%, compared with Jefferies' estimate of 12%, supported by a sharp increase in execution of the Bengaluru Metro project, which is being executed as a job contract. Management has guided for margins of around 12% in the near term, with a gradual improvement towards 15% as the company advances up the technology value chain.Rail wagon sales declined 29% year-on-year due to supply-side constraints. While Jefferies expects wagon sales to fall a further 5% in FY27, it forecasts a largely stable trajectory over FY27-30, supported by its estimate that Indian Railways' cargo volumes could reach around 3 billion tonnes by FY35, compared with the FY30 target.The company currently has an order book of 6,500 wagons, providing visibility for about 97% of Jefferies' FY27 wagon sales estimates, although visibility beyond FY27 remains limited. Separately, Titagarh has secured 28% capital assistance for its brownfield shipbuilding expansion plans and is evaluating technology partnerships and potential joint ventures with shipyards.The brokerage noted that a recent report by Live Mint indicated Indian Railways is considering an order for 1 lakh wagons, which could significantly improve earnings visibility for wagon manufacturers. The valuation assigns 30x March 2028 estimated EPS to the core business, up from 25x previously, reflecting positive developments around potential wagon orders and the upcoming wheel joint venture, which it values at 2.5x its investment value. Key risks to the outlook include delays in wagon orders or wheel supplies from Indian Railways, as well as weaker-than-expected execution.Titagarh Rail Q4 snapshotTitagarh Rail reported a net profit for the quarter at Rs 53.96 crore, compared to a net loss of Rs 122.4 crore that the company reported last year.Titagarh Rail's revenue in the March quarter declined by 12.9% to Rs 875.4 crore from Rs 1,005.6 crore in the previous year.The company's earnings before interest, tax, depreciation and amortisation (EBITDA) declined 4.4% to Rs 97.3 crore in the March quarter from Rs 96.56 crore last year, while margins stood at 11% from 10% last year. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

SC junks MHA’s order rejecting IPS officer’s VRS plea

The Supreme Court has ordered the Home Ministry to reconsider its rejection of IPS officer Abdur Rahman's voluntary retirement request. The officer, facing charges including torture and a second marriage without consent, had sought retirement in 2019. The court emphasized a fresh examination of his plea, considering subsequent chargesheets and the state government's inability to conclude disciplinary proceedings.

Marco Rubio Says US Considering Naming Official To Run Ebola Response

US Secretary of State Marco Rubio told a House of Representatives committee on Tuesday that the Trump administration is considering appointing a single official to coordinate its response to the Ebola outbreak in Africa.

Why Washington is considering expanding nuclear deployments across Europe

America is considering expanding its nuclear weapons deployment to more NATO allies, with eastern European nations like Poland reportedly showing interest. This move aims to bolster deterrence amid rising tensions with Russia. These arrangements, historically central to NATO's defense, ensure allies share in nuclear policy and risk, strengthening collective security and the US commitment to protect its partners.

Trump reconsidering $1.8 billion fund, say AP source

From split to stitch-up? Shiva Sena factions hint at reunion amid BJP's dominance

Shiv Sena factions, split four years ago, are now considering reunification due to the BJP's increasing dominance in Maharashtra. Leaders from both Uddhav Thackeray and Eknath Shinde's camps believe the BJP poses an existential threat, weakening regional allies. Calls for unity are growing, with suggestions that a reunion could happen swiftly if Shinde agrees.

Annamalai To Quit BJP? Former Tamil Nadu BJP Chief Rumoured To Launch New Party

Sources said Annamalai is considering quitting the BJP and starting a new party. An official announcement is expected on June 3.

Noel Tata delays Tata Sons Chairman decision

Mumbai: Tata Trusts chairman Noel Tata conveyed to Tata Sons board after the meeting last week that several key issues remained unresolved, rendering any formal discussion on the reappointment of the holding company’s chairman N Chandrasekaran premature, said people familiar with the matter.That could lead to a deadlock between Chandra and Tata, they said. Tata sought greater clarity from Chandrasekaran on the group’s five-year strategic roadmap, the framework for providing an exit option to Shapoorji Pallonji Group that doesn’t involve Tata Sons going public as well as his formal position on the long-debated matter of the listing.Also Read: Adani Group now focused on building assets at scale, says Gautam AdaniThese issues have gained traction amid turbulence at the Trusts and the holding company of the conglomerate over governance and other matters, amid questions over the performance of units such as Air India and BigBasket.Towards the end of the May 26 board meeting, a few directors are learnt to have informally asked whether Chandrasekaran’s reappointment for a third term could be taken up next time.131429115Consensus NeededNoel Tata responded that it was still too soon, pointing to unresolved issues and unanswered questions that require further engagement, said the people cited.Chief executives of Air India, Tata Electronics and Tata Digital made presentations on their respective businesses to the board at the meeting. Noel Tata is learnt to have provided extensive feedback on BigBasket and Air India, executives close to the matter said.Chandrasekaran had called for a special board meeting on May 26 to respond in detail to concerns raised by Noel Tata at the holding company’s previous board meeting on February 24 at which consideration of his reappointment for a third term had been deferred. Tata Trusts controls Tata Sons with a 66% holding. SP Group has an 18% stake that it wants to sell in order to repay debt.Also Read: Infosys CEO Salil Parekh earned Rs 82.6 crore in FY26, up 2.5%Noel Tata had raised concerns over losses at Air India and BigBasket and called for course correction. Tata Sons is slated to hold its next board meeting on June 12 to discuss annual accounts. People aware of the exchanges said Noel Tata also indicated that any timeline or date for considering the reappointment would need to be discussed and arrived at through consensus.Tata Sons and Noel Tata did not comment. According to executives close to Tata Sons, discussions with SP Group on an exit plan do not carry significant weight until clarity emerges from the Reserve Bank of India (RBI) on the matter of the listing. “The value of Tata group is too high to easily consider a non-listing option to buy back stakes from SP Group. Until there is clarity from RBI on the matter, no one can proceed,” one of them said. As an ‘upperlayer’ non-banking finance company, Tata Sons is required to launch an initial public offering, potentially diluting ownership. It has sought exemption from RBI.Chandrasekaran is also understood to be unwilling to outline any formal five-year growth plan at this stage. He is similarly not in a hurry to raise the matter of reappointment, officials close to the matter said. During Ratan Tata’s tenure, the issue of reappointment was typically brought up a month before a term ended, officials said. It was Tata Trusts that had passed a resolution in 2025 to raise the matter of Chandrasekaran’s reappointment a year before the end of his term to ensure leadership stability.The May 26 meeting saw Chandrasekaran getting chief executives to lead detailed presentations before the board and Tata Trusts chairman Noel Tata, people familiar with the deliberations said. Unlike the previous board meeting, which had been marked by sharper scrutiny and unresolved questions, this session focused extensively on operating businesses.

I asked ChatGPT: ‘Should I study abroad after my B Com?’ AI exposes the truth about MBA prospects, chooses best options

A 23-year-old B Com graduate from Delhi seeks advice on pursuing a master's abroad on a ₹50 lakh budget. Considering Australia, Germany and Canada, he weighs options for job prospects, work rights and long-term settlement.