Weekly News Platter
The Economic Times

Weekly News Platter

9 May, 2026, 07:55PM IST, PTI


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In case you had a busy week, these are the top stories you need to get caught up to speed...
Suvendu Adhikari sworn in as Bengal CM; Dilip Ghosh, Agnimitra Paul others take oath of office ending Mamata's TMC eraSuvendu Adhikari sworn in as Bengal CM; Dilip Ghosh, Agnimitra Paul others take oath of office ending Mamata's TMC era
West Bengal has a new Chief Minister, Suvendu Adhikari. The BJP secured a historic win in the 2026 elections, ending fifteen years of Trinamool Congress rule. Adhikari took the oath of office at Brigade Parade Grounds. The party achieved a significant majority in the assembly. This marks a major shift in the state's political landscape. Read more
TN: VCK, IUML extend support to TVK, uncertainty ends over govt formationTN: VCK, IUML extend support to TVK, uncertainty ends over govt formation
Vijay CM post news: The Viduthalai Chiruthaigal Katchi has officially pledged support to Vijay's Tamilaga Vettri Kazhagam. This backing is crucial for TVK to establish a majority government in Tamil Nadu. VCK President Thol. Thirumavalavan conveyed the confirmation to TVK General Secretary Aadhav Arjuna. The move signals a significant political development in the state. Read more
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India's factory growth stays sluggish in April amid war-led soaring costs, PMI showsIndia's factory growth stays sluggish in April amid war-led soaring costs, PMI shows
India's manufacturing growth saw a slight uptick in April, reaching 54.7, but remained near a four-year low due to weak domestic demand and rising input costs. Despite challenges, export orders surged, and companies expanded hiring and expressed optimism for future growth. Read more
India's growth to moderate to 6.6 pc in FY27; reforms key to achieve Viksit Bharat goal: S&P reportIndia's growth to moderate to 6.6 pc in FY27; reforms key to achieve Viksit Bharat goal: S&P report
India's economic growth is expected to slow to 6.6 percent this fiscal year. Achieving the Viksit Bharat goal by 2047 requires crucial reforms in energy and food security. External shocks from energy supply disruptions and rising oil prices are creating pressure. India must develop a comprehensive energy storage policy. Read more
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India may soon increase ethanol blending in petrol to 25%India may soon increase ethanol blending in petrol to 25%
25% ethanol-blended petrol: India is speeding up its shift to renewable energy. Higher ethanol blending in petrol is being considered. This aims to cut reliance on imported crude oil. The nation is also boosting refining capacity and strategic oil reserves. These steps enhance energy security and shield the economy from global price shocks. Renewable energy, biofuels, and hydrogen are now key national priorities. Read more
Mittal family set to own 75% of Rajasthan Royals in $1.65 billion dealMittal family set to own 75% of Rajasthan Royals in $1.65 billion deal
The Mittal Family and Adar Poonawalla are set to acquire a controlling stake in the Rajasthan Royals IPL franchise. The deal values the team at approximately $1.65 billion. This significant acquisition includes ownership of associated teams in South Africa and the Caribbean. The transaction is anticipated to finalize in the third quarter of 2026. Read more
Fighter jet production flies to Andhra Pradesh facility; Puttaparthi project likely to get Rs 1 lakh cr investmentsFighter jet production flies to Andhra Pradesh facility; Puttaparthi project likely to get Rs 1 lakh cr investments
India’s fifth-generation stealth fighter jets under the AMCA programme will be manufactured in Puttaparthi, Andhra Pradesh, with the state cabinet approving 600 acres for Defence Research and Development Organisation. Read more
HDFC Bank's review finds no major governance concerns after chairman Atuna Chakraborty's exit, sources sayHDFC Bank's review finds no major governance concerns after chairman Atuna Chakraborty's exit, sources say
HDFC Bank's governance review is nearing completion. Law firms are expected to report no significant issues. This development paves the way for the reappointment of CEO Sashidhar Jagdishan. The Reserve Bank of India is reportedly comfortable with this decision. The bank's stability is crucial for the Indian economy. This news has positively impacted the bank's stock. Read more
Reliance eyes billions in LEO satellites to build India's answer to StarlinkReliance eyes billions in LEO satellites to build India's answer to Starlink
Reliance Industries is set to make a significant entry into satellite communications. The company plans a multi-billion dollar investment in the low earth orbit segment. This move positions Reliance against global players like Starlink and Amazon Leo. Six teams are working on various project aspects. The initiative aligns with India's goal for a domestic satcom presence. Read more
Biocon’s Kiran Mazumdar-Shaw chooses niece Claire Mazumdar as successor: ReportBiocon’s Kiran Mazumdar-Shaw chooses niece Claire Mazumdar as successor: Report
Biocon founder Kiran Mazumdar-Shaw has announced her successor. Niece Claire Mazumdar will lead the company. Claire Mazumdar is the founder and CEO of Bicara Therapeutics. She holds advanced degrees and has prior industry experience. Biocon is also undergoing structural changes. The company focuses on biosimilars and integrating artificial intelligence. Other leadership transitions are also in progress across group companies. Read more
Delhi-Kolkata direct flight: Bengal win gives Modi strategic room shrinking for other world leadersDelhi-Kolkata direct flight: Bengal win gives Modi strategic room shrinking for other world leaders
Recent assembly election victories have significantly strengthened Prime Minister Narendra Modi's strategic position. This success provides him with greater flexibility to pursue ambitious trade, energy, and defense deals. The win in West Bengal is particularly strategic, marking a shift in Delhi-Kolkata relations. This political stability allows India to navigate global uncertainties and focus on economic growth. Read more
Tata Group, JSW to plow $1 billion in EV, battery techTata Group, JSW to plow $1 billion in EV, battery tech
Indian giants Tata Group and JSW Group are investing close to $1 billion. They are building local capabilities in electric vehicle and battery technologies. This move aims to reduce dependence on Chinese tech. Tata's Agratas is spending over $400 million on battery research. JSW Motors plans to invest at least $500 million in a research hub. Read more
Bihar cabinet expansion: Former deputy CM Vijay Kumar Sinha, Nitish's son and other BJP, JD(U) leaders take oath as ministersBihar cabinet expansion: Former deputy CM Vijay Kumar Sinha, Nitish's son and other BJP, JD(U) leaders take oath as ministers
Bihar's political arena witnessed a fresh infusion of leadership as ministers from the BJP, JD(U), and various NDA partners took their oaths. The BJP emerged as the frontrunner, securing the most ministerial roles, with Nishant Kumar, son of Nitish Kumar, taking his inaugural step into ministerial duties. Read more
Bombay High Court declines urgent stay on Tata Trust meetBombay High Court declines urgent stay on Tata Trust meet
The Bombay High Court has declined to halt a crucial meeting of Sir Ratan Tata Trust trustees scheduled for Friday. A petition argued the trust's board composition violates new Maharashtra laws. The court clarified the petitioner can seek further relief from a vacation bench. The meeting's agenda includes reviewing the Trusts' representation on Tata Sons' board. Read more
One billion screens and counting: TATA IPL 2026 is the biggest season in IPL history, with 277 million average match reachOne billion screens and counting: TATA IPL 2026 is the biggest season in IPL history, with 277 million average match reach
TATA IPL 2026 has set a new record, reaching over 1.06 billion screens. Connected TV viewership saw a significant jump. Linear television remains a major platform for viewers. The tournament is broadcast in multiple languages. New advertisers have joined this season. Expert analysis is also a key feature. Read more

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