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After vice-captaincy snub, Gambhir sends 'respect situation' warning to Pant

Pant was removed as India's Test vice-captain when the BCCI announced the squad for the one-off Test against Afghanistan last month

'It's possible': Trump hints at meeting Iran's Khamenei amid deal talks

In a bold statement, President Trump declared that Iran's military capabilities are severely diminished, stating that the country’s naval and aerial forces have become largely ineffective, leaving its leadership under significant strain. He criticized the media for exaggerating Iran's military strength and issued a warning about potential consequences if any US troops are endangered.

Pakistan 'unreliable' mediator: Israeli envoy

Israeli Ambassador to India Reuven Azar has raised doubts over Pakistan's potential role as a regional mediator, warning India that the Middle East conflict serves as a "preview" of radical tactics that could soon impact its own neighbourhood.In an interview with PTI Videos, he rejected the notion that Pakistan possesses the credibility to act as a mediator in regional negotiations.Labelling the country unreliable, Azar characterized Pakistan as a "problematic player" whose involvement requires the US to exercise "special caution" to avoid potential traps."I don't think they are reliable," he said about Pakistan's mediation role.He added that when mediators lean towards a "terrorist entity" or "legitimize radicalism", it becomes "very tricky because the United States has to exercise special caution not to fall into traps set not only by the opposing side but also by the mediator".The envoy further alleged an increasing connection between radical elements and the region, noting a rise in visits by Hamas leaders to both Pakistan and Bangladesh over the last two years.Turning to the India angle, Azar claimed that because Israel is the most attacked country in the world, the threats it faces often serve as a "preview to a movie coming to a theatre in your neighbourhood".He specifically alleged that radical groups are drawing twisted inspiration from the October 7 attacks and warned that the methodologies of hybrid warfare, including using human shields and manipulating media, are likely to be emulated elsewhere.While commenting on Israel's policy of mandatory military service, Azar refrained from suggesting India adopt similar models.He observed that India is "blessed" with a large territory and population, expressing confidence that the Indian government is making the "right decisions" regarding its own recruitment and defence needs.He, however, noted the "positive aspect of conscription" in maturing young citizens and instilling a sense of responsibility."It doesn't mean that one size fits all. Each country has to find its own way." PTI SHJ ZMN

Five Eyes issues 'unprecedented' warning over China's aggressive spying campaign

Chinese intelligence operatives are reportedly using fake job offers on professional platforms to ensnare government and military personnel. The Five Eyes alliance warns these tactics aim to extract sensitive information, with targets pressured to provide confidential details for financial rewards. Western nations urge vigilance against these sophisticated espionage efforts.

‘Selling panic’: BJP rejects Rahul Gandhi's economic warning, 'Modi won't be PM' claim

Accusing Rahul Gandhi of “fear mongering”, Amit Malviya listed several indicators which he said prove that “India is not defenceless”

BJP counters Rahul's 'economic tsunami' warning amid Iran war: 'Stop selling panic'

The BJP has strongly refuted Rahul Gandhi's "economic tsunami" warning, calling it fear-mongering. Party leader Amit Malviya highlighted India's economic resilience with strong indicators like rising E-way bills and FDI, asserting the government has implemented measures to protect citizens and businesses from global shocks, contrasting it with the UPA era's economic vulnerabilities.

Monsoon in India: Check IMD's warning

The ₹ warning: Six actions for biz leaders

The Indian rupee is trading around Rs. 95-96 to the dollar in late May 2026, setting fresh record lows. Markets are openly discussing the Rs. 100 threshold. The rupee has weakened in almost every year since 2014 and has lost approximately half its value against the dollar over that period. The end of this currency depreciation is not in sight. The factors that would stop it are not yet visible.The government is acting. State run oil companies have implemented four fuel price hikes in ten days as of May 25, taking petrol in Delhi past Rs. 102 per litre. This is the right and necessary response to the energy cost reality created by the Iran war. Crucially, the Modi government has also done its part on the macroeconomic front, consistently and aggressively reducing the fiscal deficit as a percentage of GDP to maintain structural stability.Yet, the currency pressure persists. The energy price impact has not yet fully reached Indian consumers and supply chains. It is coming.Uday Kotak said it plainly at the CII Annual Business Summit on May 12: "Be ready for tough times rather than waiting for the shock to hit us." He was right.Also read | Manufactured monopoly: How industrial policy is structuring monopolies in IndiaThis is not a time to panic. But it is a time to act. The leaders who move now will have options. Those who wait will not.The Overriding Factor: The Psychology of the PlayersWhy is the currency declining despite strong domestic fiscal discipline? Because exchange rates are not driven by mathematical models alone. The currency decline is highly affected—and accelerated—by the psychology of all players engaged in this endeavor.Currency movements are deeply behavioral. When a currency visualizes a downward trend, psychology shifts from calculation to self-protection and speculation. Every player in the ecosystem operates under this psychological weight:Corporate CFOs and Treasurers: Instead of hedging normally, they rush to cover future dollar liabilities early, hoarding hard currency and inadvertently worsening the scarcity.Foreign Investors: They begin to judge their returns not by the quality of Indian business operations, but by the eroding value of the conversion rate.Importers and Exporters: Importers advance their payments to avoid paying more tomorrow; exporters delay converting their dollar earnings back into rupees, waiting for a "better" rate. This collective psychology creates a self-fulfilling prophecy.Investors, CFOs, and FDI decision makers extrapolate what is happening now into the future. When they see a currency that has lost approximately half its value since 2014 with no clear floor in sight, their psychological pivot alters market realities.Also read | India tightens checks on overseas flows as currency pressure mounts, sources sayThe cascading timeline of Foreign Portfolio Investor (FPI) equity behavior perfectly mirrors this psychological shift from rational evaluation to systemic risk aversion:2024 (The Calculation Phase): Rupee averages Rs. 83-84. FPI flows remain positive (+$12 billion) as investors trade on strong domestic corporate earnings.2025 (The Self-Protection Phase): Rupee slides past Rs. 89. Collective psychology shifts to risk mitigation. FPIs withdraw a record $18.4 billion from Indian equities—the largest annual equity outflow on record.Early 2026 (The Capitulation Phase): Rupee breaks past Rs. 95. Sentiment turns into an outright exit strategy. In the first four months of 2026 alone, outflows have already reached $19.1 billion, completely bypassing the entire previous year's record loss in a fraction of the time.FDI agreements are being signed, but capital is delayed because players are psychologically hesitant to deploy funds into a depreciating asset.The Trap of Hard Currency Debt: A Broken Business Model There is a highly significant and dangerous phenomenon unfolding in India today that requires immediate exposure. For years, a specific class of Indian corporates adopted a regular strategy of borrowing heavily in hard currency (External Commercial Borrowings, or ECBs). Lured by low nominal global interest rates, several of these companies over borrowed, treating cheap dollar debt as a permanent structural advantage.Today, that strategy has become a trap. The compounding effect of a depreciating rupee, skyrocketing hedging costs, and brutal refinancing realities is fundamentally breaking their business models.Consider the mechanics of this crisis:The Hedging Penalty: Leaving dollar debt unhedged is now corporate roulette. However, buying hedges at current rupee levels has become structurally prohibitive. The cost of protection completely wipes out any interest rate advantage.The Refinancing Wall: Billions in foreign debt are coming due. These over-borrowed companies must now refinance their liabilities at a time when the rupee value has materially deteriorated. They are effectively forced to borrow far more rupees just to pay back the same amount of original dollars.The Crushing Cost of Rupee Capital: As these companies try to pivot back to domestic lenders, they face a severe escalation in their rupee cost of capital.The Growth Verdict: When your cost of capital spikes and your cash flows are consumed by servicing legacy dollar debt, future growth stops. Capital expenditure (CapEx) plans are being frozen. These companies can no longer invest in innovation, capacity, or market expansion. Their business model shifts overnight from aggressive value creation to basic survival. Boards must realize that this is not a temporary treasury headache; it is a structural threat to the company’s future viability.India's forex reserves stand at approximately 10 to 11 months of import cover. Substantial, but being actively deployed to defend the currency. Some imports are non-negotiable: oil, critical inputs, components. These will now cost more. That cost passes through every supply chain.Six Actions for Business Leaders1. Protect your cash and liquidity first. This is the most immediate priority. Map your cash position today. Identify every source of liquidity across the next twelve months. Stress-test it at Rs. 100 and beyond. Which receivables are at risk? Which credit lines are rupee-denominated and which are not? Companies that run into a cash crisis during a currency depreciation cycle lose their options entirely. The CFO must own this analysis and present it to the board within days, not weeks.2. Act now on your foreign currency borrowings, hedging, and refinancing. Do not assume the rupee will recover to Rs. 80. Analyse your full foreign currency exposure across the next three years: every loan, every refinancing date, every hedging contract, every procurement price denominated in foreign currency. Hard currency loans now face refinancing at rupee values that have materially deteriorated. Model every scenario at Rs. 100 and beyond. Your CFO, treasury, and procurement team must be aligned on one instruction: do not run into a liquidity crisis. This analysis must happen now, not at the next quarterly review.3. Build a war room. Most companies have begun thinking about war rooms for supply chain disruptions. Expand the mandate. Currency exposure belongs in the same room. Which of your costs are dollar or euro denominated? Which of your revenues are rupee denominated? Where is the mismatch? What is your break-even exchange rate? If you do not have clear answers today, you are exposed. The war room is not a committee. It is a real-time decision environment with live data, a clear owner, and the authority to act.4. Use the currency depreciation advantage: double your export salesforce. A weaker rupee makes Indian exports more competitive. This window will not stay open indefinitely. Double the salesforce in your export markets now. Use this period to upgrade quality, improve service delivery, and build customer relationships that will last beyond the currency advantage. Indian exporters who invest in capability during this period will emerge stronger regardless of what the rupee does next. Those who simply ride the price advantage without building the underlying business will lose when conditions change.5. Watch your stock and your sector. Banks and financial institutions should already be on high alert. Companies with large foreign currency exposure will see pressure on their financials. Some stock prices are already reflecting this. Go through your sector company by company. Identify who is most exposed. If you are an investor or a lender, this analysis is not optional. The combination of currency depreciation, rising oil prices, and FPI outflows creates a compounding pressure that will surface in earnings before it surfaces in headlines.6. Cut costs aggressively. AI will help. There has never been more urgency to reduce costs than now. And there has never been a better tool to do it. AI can cut most operational costs by as much as 30% across functions: procurement, finance, customer service, logistics, and compliance. McKinsey data confirms companies adopting AI and automation reduce operational costs by 20 to 30 percent. This is not a future opportunity. It is a present imperative. Every rupee of cost removed through AI is a rupee that does not need to be recovered through revenue in a deteriorating currency environment. Start now with your highest-cost functions.The CFO as CaptainCurrency risk is a cash flow risk. Every function that touches foreign currency—procurement, treasury, sales, capex planning— must now report into a single coordinating authority. That authority is the CFO. This is not about hierarchy. It is about clarity. In a currency crisis, fragmented decision-making is as dangerous as wrong decision making. One captain. One consolidated view. Weekly reviews minimum.The Bigger PictureThis currency depreciation is a structural signal, not a cyclical one. India's economy must move from a cheap labour advantage to genuine global value creation.The companies that will survive and thrive are those building products and services that command premium prices in global markets. The rupee's weakness is a reminder that competing on cost alone has limits.The recently concluded trade agreements are a genuine opportunity. Execute them with full force. Build the export pipelines. Add the sales capacity.The businesses that move now, with discipline and clarity, will manage market psychology, navigate the debt trap, and define the next chapter of Indian industry.The shock is coming. Prepare before it arrives.Ram Charan is the author of China’s 90% model. It is restricting India’s industrial progress. Former Director of Hindalco and Muyuan (China).

Donald Trump Defines Iran 'Ceasefire' As "Shooting In Moderate Manner"

Trump is facing warnings from foes and allies alike that he's getting boxed in on the Iran war

Monsoon may remain subdued after vigorous onset in Kerala

The southwest monsoon is set to reach the Kerala coast on June 4. IMD issues orange alert for Alappuzha, Kottayam, Ernakulam, and Thrissur on Wednesday, warning of intense rainfall

After AI doomsday warnings from CEO, Anthropic quietly files for trillion-dollar IPO

Anthropic has confidentially filed a draft S-1 with the SEC, setting up a fall IPO that could value the Claude maker above $1 trillion. The filing follows a $65 billion Series H round at a $965 billion valuation and lands after months of CEO Dario Amodei warning that AI will wipe out half of entry-level white-collar jobs—a doomsday pitch that has doubled as a roadshow for Anthropic's record-breaking public market debut.

Internal Red Flags, CERT-In Warnings, Firm Track Record: What CBSE Ignored For OSM Tender

A wide range of concerns relating to marking schemes, calculations and technical performance were reported during the CBSE OSM trial. But, several issues remained unresolved.

191 attacks on healthcare, 128 dead: What WHO's latest Lebanon warning reveals

The World Health Organization raises serious concerns over the increasing violence targeting healthcare in Lebanon, where two hospitals in Tyre have suffered extensive damage, leaving many health professionals wounded. Since March 2026, the WHO has verified 191 attacks, signaling a humanitarian crisis.

Kuwait Intercepts Missile And Drone Attacks As Middle East Tensions Rise

Bahrain's interior ministry also said a warning siren had been sounded.

US stocks today: US stocks end modestly higher as AI zeal overcomes Middle East jitters

The S&P 500 and the Dow closed modestly higher ​on Tuesday as risk appetite driven by AI fervor was counterbalanced by tensions arising from U.S.-Iran talks to reopen the Strait of Hormuz and end the months-long war.Gains in most of the 11 major S&P sectors kept the S&P 500 and the Dow in the green, with the small-cap Russell 2000 outperforming its larger-cap peers. The Nasdaq ‌ended the session essentially unchanged.Small-cap ⁠stocks have ⁠been some of the biggest beneficiaries of the ongoing enthusiasm surrounding artificial intelligence stocks, which provided some upside muscle. The Philadelphia SE Semiconductor Index advanced on the day.The Software & Services Index, ​battered in recent months over worries of AI disruption, closed in negative territory.Strong results from Hewlett Packard Enterprise and a funding commitment from Alphabet reinforced confidence in the ​AI buildout."The market is kind of muted at the surface level, but there is a lot going on under the hood, and that describes much of this year," said Mike Dickson, head of portfolio management at Horizon Investments in Charlotte, North Carolina. "There's some massive dispersion in the whole AI infrastructure ​ecosystem.""Markets could be in for one of these heated, melt-up rallies where the momentum keeps ⁠winning," Dickson ‌added. "I would not be surprised at all to be sitting here at the end of the summer a good bit ​higher."Tehran is studying a ​U.S. proposal to bring the war to a halt, but has not been in contact with Washington ⁠for days, according to Iranian media, which also said Iran is taking a "stern" approach, given ​what it views as a history of U.S. noncompliance and mutual distrust. Simultaneously, Israel is continuing its ​strikes on Lebanon, despite Tehran's warnings that the attacks are threatening to derail the fragile truce.The war has sent crude prices soaring, reviving worries over inflation and giving rise to an increasing likelihood that the U.S. Federal Reserve could hike interest rates by year-end. Cleveland Fed President Beth Hammack said on Tuesday that such a hike could become necessary if already-elevated inflation pressures continue to mount. On the economic front, a report from the Labor Department showed an unexpected spike in job openings, driven by the volatile professional and business services sector. Otherwise, hiring, firing and quits all decreased, suggesting a slowdown ‌in labor market churn in the face of uncertainties related to strife in the Middle East and inflationary effects.Analysts look to the May employment report due on Friday, which is expected to show the U.S. economy added 85,000 jobs last ​month, a monthly deceleration ​of 26.1%. The unemployment rate is forecast ⁠to stand pat at 4.3%.According to preliminary data, the S&P 500 gained 10.07 points, or 0.13%, to end at 7,610.03 points, while the Nasdaq Composite gained 8.78 points, or 0.03%, to 27,095.59. The Dow Jones Industrial Average rose 237.13 points, or 0.46%, to 51,316.01.Hewlett Packard Enterprise jumped after ​the AI server maker pulled forward its long-term financial targets by two years. In further evidence of AI buildout, Alphabet said it was looking to raise $80 billion in equity offerings, including an investment from Berkshire Hathaway, to fund a costly expansion of its AI infrastructure. Its shares lost ground on the day. Marvell Technology's shares surged after Nvidia Chief Executive Officer Jensen Huang called the chipmaker the next "trillion-dollar company" at the Computex conference in Taipei. Nvidia invested $2 billion in Marvell in March.A drop in bitcoin hit cryptocurrency firms Coinbase and Strategy Inc.Broadcom is expected to report quarterly results on Wednesday.

Use early weather warnings to minimise monsoon losses: IMD chief

District administrations, disaster management agencies and line departments urged to use advance forecasts and coordinated preparedness measures to reduce loss of life and property during the Southwest Monsoon, says IMD Director General Mrutyunjay Mohapatra

Anupam Kher recalls having Rs 37 in his pocket in 1981, when he came to Mumbai

At 71, Anupam Kher reflects on his career, highlighting how his bold debut in 'Saaransh' defied warnings of typecasting. He credits his grounding to measuring success against his humble beginnings, not comparing past achievements. Kher is currently engaged with his play 'Jaane Pehchaane Anjaane'.

Opinion: Opinion | The Many Warnings Hidden In Pete Hegseth's 'Shangri-La' Speech

Usually, the forum is not the stuff of headlines. This year, though, almost every country seemed uneasy, thanks to Hegseth.

Thailand tourists warned of heavy rain

Tourists planning a trip to Thailand this week may need to prepare for wet weather, possible travel disruptions and rough sea conditions, as the country's meteorological agency has forecast widespread rainfall and thunderstorms across several regions. According to the Thai Meteorological Department (TMD), a strong south-west monsoon over the Andaman Sea, Thailand and the Gulf of Thailand, combined with a low-pressure system off the coast of Vietnam, is expected to bring persistent rain across the country on June 2. Authorities have warned of heavy rain in several provinces and very heavy rainfall along parts of Thailand's west coast in the south. The weather conditions could trigger flash floods and runoff in low-lying areas and locations near waterways. Which tourist areas could be affected? Popular destinations on Thailand's west coast, including Phuket, Krabi, Phang Nga, Trang and Satun, are expected to see the heaviest rainfall, with thunderstorms forecast across 80% of the region.131421089 In eastern Thailand, tourist destinations such as Pattaya and coastal areas in Rayong and Trat could also experience thunderstorms and periods of heavy rain. The forecast for Bangkok and surrounding areas indicates thunderstorms in around 60% of locations, with isolated heavy downpours possible. What should island-hoppers and beachgoers know? Travellers planning boat trips, island tours or water activities should closely monitor local weather advisories. The TMD has warned of rough seas in both the Andaman Sea and the Gulf of Thailand. Wave heights in the upper Andaman Sea, including waters around Phuket, are expected to reach 2-3 metres and could exceed 3 metres during thunderstorms. In the lower Andaman Sea, including waters near Krabi and southern islands, waves could rise above 2 metres during storms. Authorities have advised vessels to proceed with caution and avoid sailing through thunderstorm zones. Small boats in the upper Andaman Sea have been advised to remain ashore. How could the weather affect travel plans? Heavy rain may lead to delays for ferry services, island excursions, outdoor sightseeing and adventure activities. Tourists visiting beaches, national parks and mountainous areas should be alert to local weather warnings, particularly in regions vulnerable to flash flooding.

UN Climate Body Flags Potentially Strong El Niño In Coming Months, Warns Of Rising Temperatures

Most forecast models suggest it will be at least moderate, and possibly strong, with the agency warning of extreme weather events across the world in the coming months