Operation Sindoor: “We Struck Where It Hurt”India’s top military brass revealed the impact of Operation Sindoor, launched after the April 22 Pahalgam terror attack. Air Marshal AK Bharti said strikes targeted key Pakistani airbases like Chaklala and Rahim Yar Khan. Over 100 terrorists, including high-value targets like IC-814 hijacker Yusuf Azhar, were eliminated. India also lost five defence personnel. Despite a brief ceasefire request by Pakistan via hotline, violations resumed within hours, including drone attacks and civilian targeting. India made it clear—further provocations will be met with decisive force.

D-Street Wobbles Amid Border HeatIndia’s longest stock market rally of 2025 came to a halt as border tensions rattled investors. The Sensex dropped 1,047 points, Nifty fell 339, and Bank Nifty slid 2.76%. Most sectors ended in the red, with realty, banking, and pharma leading the decline. Analysts warn of more correction ahead, with key support at 23,800. With volatility high and geopolitical risk rising, experts advise a cautious, stock-specific approach for the coming week.

BrahMos Facility Inaugurated in LucknowDefence Minister Rajnath Singh inaugurated a new 200-acre BrahMos missile facility in Lucknow, linking it to India’s renewed defence posture under Operation Sindoor. Part of the UP Defence Corridor, the facility underscores India’s push for self-reliance in military tech, with ₹34,000 crore in investment proposals already. Singh reiterated India’s intent to neutralize terrorism with precision, calling the strikes a message of strength. UP CM Yogi Adityanath echoed that India would now “crush terrorism, not tolerate it.”

India Rejects Trump’s Kashmir OfferIndia firmly rejected U.S. President Donald Trump’s offer to mediate on Kashmir. Trump, who inaccurately referred to it as a “thousand-year conflict,” claimed credit for brokering a ceasefire. India dismissed the idea, reiterating that Jammu & Kashmir is a bilateral issue and the only matter worth discussing is the return of Pakistan-occupied Kashmir. While Pakistan welcomed Trump’s remarks, India’s position remains unchanged—no third-party mediation.

Combat Medicine Stock-Up BeginsWith conflict risks rising, India is scaling up production of combat medicines. The Health Ministry, led by J.P. Nadda, has directed the Department of Pharmaceuticals to boost supplies of trauma essentials—antibiotics, burn treatments, orthopedic implants, and blood products. A 24x7 control center is being established to coordinate emergency response. Doctors warn that war-related injuries demand fast access to life-saving supplies, and India’s health sector is quietly shifting into battle readiness mode.

Top executives at American AI giants OpenAI, Microsoft and Advanced Micro Devices said at a U.S. Senate hearing on Thursday (May 8) that while the U.S. is ahead in the artificial-intelligence race, Washington needs to boost infrastructure and champion AI chip exports to stay ahead of Beijing.

India Shoots Down F-16 in Escalating Air Conflict

In a dramatic escalation, India’s air defence systems went full throttle Thursday night, downing a Pakistani F-16, two JF-17s, and a Pakistani AWACS inside Punjab province. The air battle followed Islamabad’s coordinated strikes on Indian military locations in Jammu and Punjab. Drones were also intercepted in J&K and Rajasthan, with one striking Jammu Airport. India’s S-400 systems thwarted eight incoming missiles across key border areas. The Integrated Defence Staff confirmed no casualties, calling the response “by the book.” The attacks came just days after India’s Operation Sindoor targeted terror bases in Pakistan and PoK, placing the region on high alert.

Markets Turn Cautious Amid War Clouds

While panic didn’t grip the markets, investors showed signs of nervousness after reports of Pakistani missile strikes on Indian targets. The Nifty fell 0.6% to 24,273, and India VIX surged 10% to 21.01, reflecting volatility. The put-call ratio (PCR) hit a record 1.89 before settling at 0.86 by day-end, as traders unwound risky bets. Analysts flagged this as heightened caution. Still, long-term bulls like Mirae’s Swarup Mohanty and Kotak’s Nilesh Shah believe the skirmish won’t derail markets for long—and might offer buying opportunities.

Adani’s Himalayan Power Play with Bhutan

Adani Group has inked a strategic MoU with Bhutan’s Druk Green Power Corporation to jointly develop 5,000 MW of hydropower. Building on their ongoing 900 MW Wangchhu project, the deal aligns with Bhutan’s 2040 clean energy roadmap. Adani will ensure power offtake via India’s commercial markets, reinforcing Bhutan’s central role in regional energy trade. With Tata Power and NHPC also eyeing Bhutan, the stage is set for a South Asian hydropower boom.

Trump Hints at Major UK Trade Deal

Donald Trump teased a “major trade deal” announcement at a press conference, likely involving the UK, according to Reuters and Financial Times. The deal could scrap Britain’s 2% digital tax and see U.S. tariffs on aluminum, autos, and steel lowered. Talks with India are also on the table but face “a twist.” Trump claimed multiple nations are eager to negotiate. Markets reacted mildly positive, with S&P 500 futures up 0.5%, even as the 145% tariff wall on China remains untouched.

Mumbai Flyers, Brace for Higher Airport Fees

From May 16, flying out of Mumbai’s Adani-run CSMIA will cost more. For the first time, domestic passengers will pay ₹175 on departure and ₹75 on arrival. International travellers face a steeper hike—₹695 and ₹304 for business class, ₹615 and ₹260 for economy, over 200% higher than current rates. AERA justified the hike citing upgraded infrastructure. The fee changes come amid Terminal 1’s planned demolition, which is expected to temporarily dip traffic, with a rebound anticipated once Navi Mumbai airport opens.

India attacked Pakistan under Operation Sindoor targeting terror outfits and hideouts. Although Pakistan is in no condition to wage a war or even escalate tensions, it may Impact India in the short term as far as business is concerned. Foreign Affairs Expert Robinder Sachdeva speaks to Abhinav Trivedi of Mint and talks about economic implications for India going forward.

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1.⁠ ⁠Operation Sindoor: India Strikes Back

In a dramatic pre-dawn move on May 8, India launched Operation Sindoor, striking nine terror camps across Pakistan and Pakistan-occupied Kashmir, including key Lashkar and Jaish hubs in Bahawalpur, Kotli, and Muzaffarabad. The operation was a direct response to the Pahalgam terror attack that killed 26 civilians on April 22.

Executed using fighter jets, loitering munitions, cruise missiles, and tri-service precision, the strikes were conducted entirely from Indian airspace and targeted only terrorist infrastructure. India described the operation as “focused, measured, and non-escalatory,” avoiding Pakistani military installations while showcasing significant firepower and coordination across the Army, Navy, and Air Force.

2.⁠ ⁠Pakistan Responds: “This Won’t Go Unanswered”

Reacting to the strikes, Pakistan’s military issued a stern warning. The Inter-Services Public Relations (ISPR) stated, “India’s temporary pleasure will be replaced by enduring grief,” vowing retaliation at a time and place of its choosing. Pakistan confirmed strikes in three locations and mobilized its air force, while closing its airspace for 48 hours. Tensions along the Line of Control have since intensified, with reports of heavy artillery exchanges.

3.⁠ ⁠IAF Combat Drills & Civil Defence Readiness

Parallel to Operation Sindoor, the Indian Air Force began a major combat readiness exercise across the western sector, involving fighter jets, drones, helicopters, AWACS, and refuellers in Rajasthan, Gujarat, Haryana, and UP. Though termed “routine,” the timing—post-Pahalgam—adds strategic weight.

Simultaneously, India conducted nationwide civil defence drills across 244 districts, the largest since 1971. These drills tested air raid sirens, evacuation plans, blackout protocols, and communications, sending a clear message: India is prepared for all scenarios.

4.⁠ ⁠India, UK Seal Historic Free Trade Deal

In a major diplomatic win, India and the UK signed a long-awaited Free Trade Agreement after three years of negotiations. The deal unlocks a $45 billion trade corridor, addresses visa access for Indian professionals, and introduces the Double Contribution Convention to ease social security obligations for cross-border workers.

While hailed as a boost for textiles, automotive, and seafood exports, concerns remain over the UK’s upcoming carbon tax that could hurt Indian steel and cement exports. Still, the FTA is expected to double bilateral trade to $100 billion by 2030, marking a new chapter in India’s global trade diplomacy.

5.⁠ ⁠SEBI Exposes IPO Scam at Synoptics

In a first-of-its-kind action, SEBI has cracked down on Synoptics Technologies and its merchant banker, First Overseas Capital Ltd, for misusing over ₹19 crore from IPO proceeds. The money was diverted to shell entities a day before listing, with ₹2 crore used to buy Synoptics shares and artificially inflate demand.

SEBI called the misuse “shocking and stunning,” banned FOCL from handling any new IPOs, and barred Synoptics’ promoters from the market. A deeper probe has been launched into 20 other IPOs managed by FOCL. The message is clear: tampering with public money won’t go unpunished.

6.⁠ ⁠India to Overtake Japan as 4th Largest Economy

According to the IMF’s April 2025 Outlook, India is projected to surpass Japan in 2025 with a GDP of $4.187 trillion, becoming the world’s fourth-largest economy. This rise reflects India’s resilience, reforms, and growing domestic demand—even as growth cools to 6.2% in FY25.

Challenges persist: trade tensions, including recent US tariffs, and slowing momentum may test the climb. But India’s long-term trajectory remains upward, with Germany next in its sights.

India Gears Up for Worst-Case Scenarios

As Indo-Pak tensions soar post the deadly April 22 Pahalgam terror attack that claimed 26 lives, India’s Ministry of Home Affairs has ordered nationwide civil defence mock drills on May 7. These include air raid sirens, crash blackouts, evacuation rehearsals, and camouflaging critical infrastructure—measures not seen at this scale since the Kargil conflict. The drills follow India’s sweeping diplomatic retaliation: suspension of visas for Pakistani nationals, revocation of the Indus Waters Treaty, sealing the Attari border, and banning Pakistan Airlines. Pakistan hit back by halting all trade and closing its airspace. PM Modi has granted the military full operational freedom to respond. As cross-border ceasefire violations stretch into their 10th day, India is clearly preparing for all possibilities.

Cyber Frontline:

Hackers Hit Indian Defence SitesA digital war is brewing alongside border tensions. Pakistani hacker groups have claimed to breach key Indian defence-linked websites, including the Military Engineer Services and Manohar Parrikar Institute of Defence Studies and Analyses—claims the institute denies. One group alleged access to 10GB of user data. Meanwhile, defacement attempts were made on websites like Armoured Vehicle Nigam and Army Public Schools. Another group, Internet of Khilafah, targeted welfare platforms for ex-servicemen. While cybersecurity teams have foiled most attacks, these waves of digital aggression are adding another layer to the Indo-Pak crisis.

Union Territories Join Centre’s Capex Push

Starting FY26, India’s Union Territories (UTs) will finally be eligible for the Centre’s 50-year, interest-free capital expenditure loan scheme—originally introduced post-pandemic for states only. With ₹1.5 trillion allocated for FY26, 60% of funds will go toward infrastructure, while 40% will be linked to reforms. UTs like Puducherry and Delhi can now tap into this pool to fund critical projects. States like Uttar Pradesh, Bihar, and Madhya Pradesh already top the borrowing list under this scheme. Economists say the move aims to spur public investment and balance development across regions amid slow private capital inflow.

Taj Hotels Bets Big on India’s Travel Boom

Indian Hotels Company Ltd (IHCL), owner of the iconic Taj brand, is doubling down on India’s tourism wave with a ₹1,200 crore investment plan for FY26. After a 53% jump in FY25 net profit to ₹2,038 crore, the company plans to open 30 new hotels, most under an asset-light model. TajSATS, its catering arm, added ₹716 crore to revenues. With rising demand from leisure, business, and MICE segments, IHCL is eyeing higher occupancy rates and room prices, forecasted to cross ₹10,000 by 2026. From legacy luxury to next-gen growth, IHCL is charting a bold path forward.

Skechers to Go Private in $9.4 Billion Deal

Footwear giant Skechers is being acquired by 3G Capital in a $9.4 billion all-cash deal, valuing shares at $63—a 30% premium. Shareholders can also choose $57 cash plus equity in a new private entity. The move comes as global shoemakers brace for US tariffs under President Trump’s trade reset. Despite record revenues of $9 billion in 2024 and $640 million in earnings, Skechers hopes that going private will help it weather geopolitical headwinds, especially as China contributes 15% of its revenue. CEO Robert Greenberg and team will stay on, with headquarters remaining in California.

In a major decision, the Union government announced that caste enumeration would be part of the upcoming census and assured it would be carried out in a "transparent" manner.What's the reason behind this big decision? Watch the full episode on YouTube-https://www.youtube.com/watch?v=aNbJc670WdA

India is a huge market for gold. In fact according to reports by the World Gold Council, Indian women hold a whopping 24,000 tonnes of gold. This is more than any country - and some reports even say that Indian women actually hold 11% of the entire gold in the world.Weddings in India are what account for approximately 50% of the gold jewellery demand. There are also auspicious occasions like Akshaya Tritiya and Dhanteras which are considered auspicious, and these are times when gold buying surges. But now... soaring gold prices have prompted India's largest jeweller, Titan-owned Tanishq to start making some changes. They are now expanding offerings in 18-karat gold instead of the preferred 22-karat gold, especially for the crucial wedding market, because customers' budgets can only be stretched so far.

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