The central bank issued amended directions, relaxing rules for including
quarterly profits in Common Equity Tier 1 (CET1) capital for calculating CRAR – giving banks more flexibility.
States told to shift GSDP base year to 2022‑23 by FY27 – The Ministry of Statistics and Programme Implementation (MoSPI) directed all states and UTs to update their GSDP base year from 2011‑12 to 2022‑23 by FY27 – for more accurate economic data.
AU Small Finance Bank launches four new credit cards – AU SFB introduced four credit cards – AU Ananta, AU Laksya, AU Tejas, and AU Prathama – aiming to strengthen its retail card business across Tier‑1 and Tier‑2 cities.
R Mukundan elected CII President for 2026‑27 – The Confederation of Indian Industry (CII) elected R Mukundan as its President for 2026‑27, succeeding Rajiv Memani.
Peter Magyar sworn in as Hungary’s new PM – After his party’s victory in parliamentary elections, Peter Magyar took oath as the new Prime Minister of Hungary.
Himanta Biswa Sarma returns as Assam CM – The senior BJP leader and Jalukbari MLA Himanta Biswa Sarma was sworn in as Chief Minister of Assam for a second consecutive term .
‘Kalam & Kavach’ edition 3 to be inaugurated – Raksha Rajya Mantri Sanjay Seth will inaugurate the third edition of “Kalam & Kavach” at the Manekshaw Centre, New Delhi – focusing on defence innovation.
CCI clears Thriveni’s stake buy in Lloyds Engineering – The Competition Commission of India (CCI) approved the acquisition of a 7.14% stake in Lloyds Engineering Works Limited (LEWL) by Thriveni Earthmovers , along with the merger of three entities into LEWL.
TDB backs CAR‑T cell therapy project – The Technology Development Board (TDB) signed an agreement with Helix Cell Therapeutics, Hyderabad for a project on dual‑targeting CAR‑T cell therapy for Multiple Myeloma – a promising cancer treatment.
Samsung crosses 1 trillion market cap** – **Samsung Electronics** hit a historic **1 trillion market valuation , driven by soaring global demand for AI‑related semiconductor chips – a milestone for the tech giant.
International Day of Families – May 15 – Every year on 15 May , the world celebrates the International Day of Families , raising awareness about the importance of families in society. A gentle reminder to call your loved ones.