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"Help, Help": New Video Shows Desperate Moments Inside Deadly Delhi Hotel Fire

The visuals show multiple foreign nationals emerging from windows as smoke engulfs the building.

SSC data correction window extended till June 10

Think India Has Just One Monsoon? Here's What Actually Brings The Rain — And When

Most Indians simply call it the monsoon, but several seasonal wind systems influence rainfall across the country. Here's how each one shapes the weather

Below-normal monsoon for Andhra Pradesh, but short, heavy spells likely: IMD

The State is likely to see more thunderstorms, lightning and strong winds during the southwest monsoon, affecting the agricultural activities, says IMD senior scientist

Mumbai To Hotels After Delhi's Malviya Nagar Fire: 'Fix Fire Safety In 30 Days Or Lose Power & Water'

After Delhi's hotel fire killed 21, Mumbai's BMC has cut its 120-day compliance window to 30 days. Hotels that don't fix fire safety lapses now risk losing power and water.

Sealed Windows, Limited Escape Options: Official Explains How Malviya Nagar Hotel Fire Turned Deadly

The building's design made it extremely difficult for occupants to escape, as the structure was completely sealed, accorduing to an official.

Karnataka Is Waiving 50% Of Your Traffic Fines — Check If Your Challan Qualifies & When You Can Avail It

Once the window closes, full penalties apply — and with Rs 2,827 crore still recoverable, the state is unlikely to let dues slide indefinitely.

Chemotherapy drug supply crisis hits cancer care

Cancer patients in India are facing a critical shortage of life-saving chemotherapy drugs, Cisplatin and Carboplatin, disrupting treatment schedules. Hospitals report dwindling stocks, forcing patients to scramble for supplies. Doctors warn that prolonged unavailability of these essential medicines, with limited alternatives, could negatively impact patient outcomes and survival rates.

Malviya Nagar hotel fire: How Delhi cops broke walls, smashed windows to save guests

South Delhi police personnel bravely rescued occupants from a burning Hauz Rani bed-and-breakfast. Head constable Dinesh Yadav hoisted a woman to safety through a ventilation duct, prioritizing her daughter. Rescuers used ladders, broke open doors, and improvised with bedsheets to save trapped individuals, demonstrating immense courage despite injuries.

A.P. Cabinet clears irrigation, industrial development proposals

Several land allotments approved for solar and wind power projects in YSR Kadapa district

Delhi weather disrupts air traffic: 13 flights go around, 11 diverted to other airports

Severe weather conditions, including rainfall and thunderstorms, disrupted flight operations at Delhi airport on Thursday. Thirteen incoming flights were forced to go around, with 11 diverted to other airports. A yellow alert remains in effect for Friday, forecasting continued light rain, thunderstorms, and strong winds.

CBSE clarifies re-evaluation payments

The Central Board of Secondary Education (CBSE) on Wednesday clarified that students applying for verification and re-evaluation of Class XII answer sheets do not need to have accounts with State Bank of India, Canara Bank, Bank of Baroda or Indian Bank to make payments on its online portal, addressing confusion that emerged after the system was launched earlier this week, Times of India reported.The clarification came after several students claimed on social media that the portal appeared to restrict payments to customers of the four public sector banks. In a statement posted on X, CBSE said the portal only uses payment gateways operated by these banks and does not require applicants to hold accounts with them.Also Read: Claude, other AI tools used to breach CBSE portals: IIT Panel“Candidates may use the available online payment options — UPI, net banking, credit card and debit card — through the designated gateways,” the board said.CBSE also said the portal continued to function smoothly despite a major cyberattack attempt on Tuesday, shortly after it went live. According to the board, the platform came under a barrage of denial-of-service attacks within minutes of its launch, receiving nearly 1.5 million hits in two minutes along with more than one lakh attempts at unauthorised file access.The board said its technical teams worked continuously to maintain the stability and security of the platform.“The portal has accepted 4,924 applications for verification and 39,056 applications for re-evaluation (total of 43,980) as of 12 noon today,” CBSE said.The board urged students to rely only on official CBSE communication for updates related to the process.Also Read: CBSE re-evaluation portal keeps lakhs of students guessingThe verification and re-evaluation window opened on June 2 for Class XII students who had earlier obtained scanned copies of their answer books evaluated under the board’s new digital On-Screen Marking (OMS) system.

Nilesh Shah recommends 4 investment bets that should be part of your portfolio

As geopolitical headwinds make it tougher for equity investors to make money, Dalal Street’s top voice Nilesh Shah, managing director of Kotak Mahindra Asset Management, told a gathering of HNI investors at the ET Alpha Wealth Summit on Thursday that there are four specific investment structures which deserve a place in most portfolios right now.Shah’s first recommendation was the Special Investment Fund, or SIF, a structure that marks a meaningful shift in what is available to Indian investors. Shah noted that the mutual fund industry has, until now, been a long-only business but the SIF changes that. These are long-short, absolute return-oriented funds, designed to generate returns regardless of market direction rather than simply riding the equity tide.The second vehicle Shah flagged is performing credit AIFs. His reasoning was grounded in a simple supply-demand observation that for corporate settlements today, capital is not available from banks, mutual funds, or insurance companies.As institutional lenders have stepped back, borrowers are plenty and lenders very few. Amid this imbalance, Shah said the need is real and returns are attractive. Performing credit AIFs, which lend into this gap, are positioned to benefit directly from the scarcity of competing capital.https://youtube.com/shorts/Xa4AcXFg8hA?feature=shareThe third idea was REITs, and here Shah introduced a timing element. Over the last three years, REITs have delivered index-level returns of around 13.5%. But with interest rates rising, he suggested that the next six to nine months may present an opportunity to enter at better prices. Rising rates typically compress REIT valuations in the near term, and Shah framed any such correction as a potential entry point rather than a risk to avoid. Beyond the return potential, he positioned REITs as a portfolio diversification tool as the asset class behaves differently from equities and fixed income, and that is still underrepresented in most Indian investor portfolios.The fourth recommendation addressed global diversification but came with an important caveat. Mutual fund industry limits for overseas investment are currently full, which means the conventional route for Indian investors to access global markets through domestic mutual funds is closed. Shah pointed to Gift City as the workaround. Structures domiciled there allow investment under the Liberalised Remittance Scheme, and in his view, these Gift City-based LRS products are the practical path for investors who want global exposure while the mutual fund window remains shut.Across all four — the SIF, performing credit AIFs, REITs, and Gift City products — Shah's underlying argument was the same: in a volatile period, the portfolio needs instruments that can generate positive returns through means other than a rising equity market.(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)

Heavy rain brings relief in Delhi-NCR; IMD sounds 'red alert' for thunderstorm

Delhi-NCR experienced relief from warm and humid weather as light rain arrived, accompanied by a red alert from the IMD forecasting thunderstorms and gusty winds up to 70 kmph. Residents were advised to follow disaster management guidelines due to the possibility of hail at isolated spots.

Rain, Gusty Winds Lash Noida and Delhi; IMD Issues Yellow Alert

Rain, Gusty Winds Bring Respite From Sweltering Heat In Delhi-NCR

Hindalco eyes Rs 1,000 cr revenue by FY29

Hindalco Indiustries, the metals arm of Aditya Birla Group, is eyeing a Rs 1,000 crore of revenue by fiscal year 2029 with the launch of its Eternia experience centre in New Delhi on Thursday.Eternia is among the fastest-growing players in the system aluminium windows segment, recording nearly 65% CAGR growth over the last three years, the company said. The revenue target would largely be driven by rapid category growth, an expanding nationwide partner network, and strengthened manufacturing capabilities.The windows and façade segment in India represents an estimated ₹40,000 crore market opportunity and remains largely unorganised, with premium segments growing at nearly 15% CAGR, Hindalco said in a regulatory filing, citing rising demand for high-performance, design-led offerings."The building and construction sector is a critical pillar of India’s growth story, and we see significant opportunity in delivering high-performance, system-driven solutions to this evolving market," said Satish Pai, Managing Director.The Eternia brand has positioned Hindalco to move up the value chain, from aluminium production to engineered building solutions. The metals major manufactures and distributes products through facilities located at Renukoot, Silvassa, Kuppam, and Alupuram.The company has also built a manufacturing hub in Bilaspur, Gurugram, spanning 120,00 sq. ft. and a capacity to produce up to 250,000 sq. ft. of windows per month. The facility, Hindalco said, is strategically located to serve the rapidly growing North Indian market and improve delivery speed and responsiveness.The Gurugram facility also houses a R&D centre for ongoing product development and testing, along with a training centre.

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).

As TMC Faces Headwinds, The Question Grows: Who Still Stands With Mamata?

TMC's first-ever split has exposed a battle over succession, loyalty and control, leaving Mamata Banerjee reliant on a shrinking circle of trusted aides.

‘We told them to jump’: Locals recall rescue efforts

As smoke billowed out of Flourish Stay on Wednesday morning and cries for help from upper-floor windows filled the narrow lane in Hauz Rani, the first people to respond were not firefighters or disaster personnel

Winds of change in West Bengal, Tamil Nadu may steady NDA's ship in Parliament

The BJP-led NDA sees a smoother legislative path as key opposition rivals TMC and DMK face internal challenges. A split within TMC and DMK's strained ties with Congress create opportunities for the ruling coalition to advance its agenda, including simultaneous elections, with renewed vigor.