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Indian national killed in attack on Kuwait airport

In a post on X, the Embassy of India in Kuwait expressed its “deepest condolences at the tragic demise of an Indian national due to an attack on the airport in Kuwait today”

Indian killed in Kuwait airport drone attack

An Indian national was killed in an attack on Kuwait International Airport on Wednesday, prompting the Indian Embassy in Kuwait to express condolences and assure support to the victim's family. The incident occurred during an Iranian missile and drone attack that targeted civilian facilities in Kuwait, including the airport, according to Kuwaiti authorities. In a statement posted on X, the Embassy of India in Kuwait said, “Embassy of India in Kuwait expresses its deepest condolences at the tragic demise of an Indian national due to an attack on the airport in Kuwait today.” The embassy added that it is in contact with the bereaved family and is coordinating closely with Kuwaiti authorities to provide all possible assistance to the family and those injured in the incident.— indembkwt (@indembkwt) Kuwait airport strike causes damageKuwait said the attack caused significant damage to Terminal 1 of Kuwait International Airport and injured several people. Flights were temporarily diverted before operations gradually resumed after safety assessments. Kuwaiti authorities described the airport as one of several civilian sites targeted in the attack. The strike came amid heightened tensions in the Gulf region, with Iran launching missiles and drones toward Kuwait and other neighbouring states. US and regional forces reportedly intercepted several incoming projectiles, while some missiles failed to reach their intended targets. Embassy monitoring situation The Indian mission has been actively assisting Indian nationals in Kuwait during recent regional disruptions. The embassy said it remains engaged with local authorities as investigations and relief efforts continue. The identity of the deceased Indian national has not been officially released. Kuwaiti authorities have also not disclosed further details about the victim or the circumstances of the death.

Karnataka records sharpest fall in spousal violence: What data reveals

Karnataka has witnessed a dramatic 30-percentage-point drop in spousal violence, falling from 44.4% to 14.1% of ever-married women reporting abuse. This significant decline, nearly double that of the second-biggest mover, Assam, positions Karnataka in the middle of the national distribution. Experts attribute this improvement to multiple factors including reduced child marriages and increased women's empowerment.

Bengaluru woman says she found lowest price flat - ‘1RK for ₹25,000’; internet is in two minds

Bengaluru woman shared the cheapest flat in Bengaluru starts from ₹25,000 and it wasn't even a 1 BHK. Check out pictures.

Medieval Castle Captured In Israel's Deepest Push Into Lebanon In Decades

The castle's capture marks a major development in the latest Israel-Hezbollah war.

Israel Captures Strategic Castle In Lebanon In Deepest Incursion Since 26 Years

Israeli troops have been advancing for days in villages close to Beaufort castle.

Why Israel's capture of Beaufort Castle deep inside Lebanon is a ‘strategic win’ for Netanyahu

This is being reported as Israel's deepest incursion into Lebanon more than 25 years. Israeli troops previously captured the castle in 1982 and held it until they withdrew from Lebanon in 2000.

Israel captures strategic Lebanon castle after days of fighting despite ceasefire

Israeli troops have captured the strategic Beaufort Castle in southern Lebanon, marking their deepest incursion in over 26 years. This territorial gain occurred despite an existing ceasefire, with forces advancing near Nabatiyeh to dismantle Hezbollah infrastructure. The operation aims to eliminate perceived threats to Israeli civilians.

FIIs pull out massive Rs 20,637 crore in single day on Friday. What led to this sharp exit?

Foreign portfolio investors (FPIs) emerged as heavy sellers in Indian equities on Friday, pulling out a net Rs 20,637 crore in a single session, recording one of the sharpest single-day selloffs in recent years, as markets grappled with the impact of the latest MSCI index rebalancing.Before this, the sharpest fall occurred last month (April 2, 2026), when FIIs pulled out Rs 19,837 crore in a single day, data from ACE Equity showed.The selloff came as benchmark indices fell 1.5%, with market participants attributing much of the late-session weakness to passive fund flows linked to the index reshuffle. The scale of foreign investor activity stood out not just because of the outflow figure, but also because of the sheer volume traded during the session.FPIs accounted for Rs 198,465 crore of trading activity out of the NSE's total turnover of Rs 287,452 crore, representing nearly 69% of the day's traded value, provisional data on the NSE showed.Despite ending the day as net sellers of Rs 20,637 crore, FPIs traded nearly 9.6 times that amount during the session. In comparison, domestic institutional investors (DIIs) were net buyers of Rs 16,260 crore and recorded total trades worth Rs 53,772 crore, or around 3.3 times their net purchase value.The high participation prompted questions over whether the activity was solely driven by MSCI-related portfolio adjustments or whether high-frequency trading (HFT) strategies amplified volumes around the index rebalance. The size of the turnover also sparked debate over how much of the reported foreign outflow reflected actual portfolio repositioning and how much may have been linked to short-term trading activity.Nilesh Shah, MD of Kotak Mahindra Asset Management, questioned whether the surge in activity was surprising given that Indian equities are currently not a key focus area for FPIs. He also asked whether Friday's volumes were driven purely by MSCI rebalancing or whether high-frequency trading (HFT) activity around the index reshuffle had amplified turnover. Shah further wondered how much of the reported net FPI outflow of Rs 20,637 crore could be attributed to HFT trades.Market expert Gurmeet Chadha also questioned the sharp rise in trading volumes, arguing that ‘speed and money muscle’ were being used to distort market moves. He further highlighted the addition of 31,000 short contracts even as Brent crude hovered around $90 a barrel and hopes of a weekend deal persisted. Calling the activity suspicious, he said ‘we need to act and trap this cartel’.According to Abhilash Pagaria, Head of Alternative and Quantitative Research at NuvamaWealth, the rebalancing led to outflows of around Rs 8,000-8,500 crore. He said the figure was somewhat higher than in previous reviews due to free-float adjustments in stocks such as Bajaj Finance, HUL and TCS, among others, describing the impact as a one-time adjustment arising from a new methodology.MSCI RejigMSCI's latest review saw Federal Bank, MCX, NALCO and Indian Bank added to the MSCI Standard Index, while Hyundai Motor India, Jubilant FoodWorks, Kalyan Jewellers and RVNL were removed. The changes took effect at the close of trade on May 29.The review also resulted in weight increases for Adani Power, BPCL, Nykaa, Trent and OFFS. Despite the reshuffle, India's overall weight in the MSCI Standard Index remained broadly stable at around 12.3%, compared with 12.4% earlier. The total number of Indian constituents in the index also remained unchanged at 165.Beyond the Standard Index, MSCI announced a broader rejig of its Small Cap Index. According to Nuvama, more than a dozen Indian stocks were excluded, reducing the India stock count to 459 from 474. New additions included IREDA, Anthem Biosciences, Fractal Analytics, Pine Labs and Emmvee Photovoltaic, while Cello World, Redtape, Raymond Lifestyle, Indigo Paints, Balu Forge and Blue Jet Healthcare were among the exclusions.Index review days typically witness elevated volumes as passive funds tracking MSCI benchmarks adjust their holdings to match the revised composition.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Oil prices tumble 11% for biggest weekly drop in 7 weeks. Where is liquid gold headed from here?

It was a strong week for global markets as oil prices tumbled to their lowest levels in seven weeks, easing concerns over energy-driven inflation after reports suggested the United States, Israel and Iran were nearing a much-awaited peace deal agreement. Oil prices this weekBrent crude tumbled about 11% during the week, marking its steepest weekly decline in seven weeks, while U.S. West Texas Intermediate (WTI) fell more than 9%, its biggest weekly drop in six weeks. Both benchmarks touched their lowest levels since mid-April. On Friday, Brent crude futures for July, which expired on Friday, settled at $92.05 a barrel, down $1.66 or 1.8%. WTI crude futures closed at $87.36 a barrel, a decline of $1.54 or 1.7%.The three-month conflict involving the U.S. and Iran has repeatedly seen expectations of a potential resolution that could lead to the reopening of the Strait of Hormuz, a key shipping route through which roughly one-fifth of the world's oil and gas supplies pass. While both sides indicated that an agreement may be near, their descriptions of the proposed deal continued to differ.U.S. President Donald Trump once again urged Iran to immediately reopen the strait. The closure of the vital waterway has pushed energy prices higher across global markets. This week, trading has remained highly volatile, with both Brent and WTI swinging by as much as $6 on changing signals surrounding the possibility of the strait reopening.Geopolitical tensions escalated on Thursday after fresh U.S. strikes targeted an Iranian military facility overnight, despite ongoing diplomatic engagement between Washington and Tehran.Iran's Revolutionary Guards later claimed responsibility for a strike on a U.S. airbase, according to the semi-official Tasnim news agency. The location of the base was not disclosed.Where is oil headed?Market analysts noted that even if a ceasefire is agreed upon, restoring normal shipping activity through the Strait of Hormuz could take several months. Any damaged energy infrastructure may require an even longer period to return to full operation.Earlier this month, Saudi Aramco Chief Executive Officer Amin Nasser warned that disruptions in the Strait of Hormuz could postpone stability in global oil markets until 2027. He said nearly 100 million barrels of oil supply per week could be affected by continued disruptions. Saudi Aramco is the world's largest oil producer.Morgan Stanley described the oil market as being in "a race against time," saying the factors that have so far prevented a more pronounced rise in crude prices could begin to fade if the Strait of Hormuz remains closed through June.According to the brokerage, higher U.S. crude exports and softer demand from China have helped absorb part of the supply shock. However, it cautioned that an extended shutdown of the strait could tighten global oil supplies again if disruptions persist beyond the levels that the U.S. and China can comfortably offset.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

LIC, HAL, among 10 stocks that saw sharpest decrease in government shareholding in Q4. Check list

'Poison gas, wear mask, no water': Man dies by suicide, leaves poignant note behind

A 42-year-old man, struggling with unemployment and financial distress, allegedly died by suicide in Gandhinagar. He left a note warning his family about poisonous substances in the house, showing concern for his daughter's safety. Police suspect the death occurred around May 22, with toxic pesticide packets recovered from the scene.

Counterfeit currency detections rise 5.7% in FY26, led by ₹200, ₹500 notes: RBI

Counterfeit ₹20 notes registered one of the sharpest increases, jumping 47.4% to 373 pieces from 253 a year ago

Big blow to Indian exporters as Japan bans Indian mango imports after 20 years over ‘pest-control’ lapses

Japan maintains a zero-tolerance approach towards invasive pests, especially fruit flies, which are regarded as a major risk to the country's agriculture sector.

Japan bans Indian mangoes after pest-control lapses found at export facilities

Japan bans Indian mangoes after pest-control lapses found at export facilities

Opinion: Opinion | Degrees, SUVs, Gold: Why India's Most 'Qualified' Men Often Demand The Steepest Dowries

Education, ironically, is more of an enabler of the practice than a hindrance, per a 2023 study quoted by the BBC

Andhra Woman Dies By Suicide, Records Video, Alleges Police Harassment

Guntur woman dies in hospital after pesticide intake, alleges police harassment over gold case.

Opinion: Opinion | Why Are Some Of India's Sharpest Pakistan Critics Calling For 'Talks'?

In the past, almost every such initiative has been met with a return to a terror attack.

Petrol, diesel prices hiked 90 paise per litre in second hike within a week

The steepest hike in the price of the two retail fuels has been observed in Kolkata, that is, in comparison to peers Delhi, Mumbai and Chennai