Friday, May 29, 2026
Daily Briefing
📰 Gestify

Trending Now

ECLGS 5.0 expected to benefit 1.1 crore MSMEs and aviation accounts amid pressure from West Asia war — here's how
BusinessWorld

ECLGS 5.0 expected to benefit 1.1 crore MSMEs and aviation accounts amid pressure from West Asia war — here's how

The Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 is expected to support 1.1 crore MSME accounts and the aviation sector. According to an SBI report, the scheme will provide critical liquidity to businesses affected by disruptions from the West Asia war. MSMEs will be eligible for additional credit of up to 20% of their peak working capital to maintain operations. Airlines can access credit lines up to 100% of their working capital, capped at ₹1,500 crore each to handle fuel costs. The government aims to infuse ₹2.55 lakh crore into the economy to protect jobs and sustain national supply chains. Previous versions of ECLGS have successfully prevented 13.5 lakh accounts from becoming non-performing assets over the years. MSME credit growth is estimated at 27% for FY26, highlighting the sector's continued importance and resilience. This intervention aims to stabilize the Indian economy amid soaring fuel prices and ongoing international travel disruptions.

May 7, 2026•1 min read•Source: Livemint
Sentiment: Positive
Read Full Article →
Quote of the Day by Jane Goodall: ‘Lasting change is a series of compromises; it’s alright as long as…'
World

Quote of the Day by Jane Goodall: ‘Lasting change is a series of compromises; it’s alright as long as…'

A quote by the late primatologist Jane Goodall emphasizes that lasting change requires compromises without sacrificing core values. Goodall, who passed away in 2025, was famous for her groundbreaking chimpanzee research and conservation efforts. The article discusses how leaders should differentiate between flexible tactics and non-negotiable moral principles. It suggests defining non-negotiables like trust and transparency before starting major projects or negotiations. Compromise is framed as a necessary tool in leadership, provided it does not lead to a surrender of mission. The piece provides a checklist for implementing this philosophy, including documenting the reasoning behind major trade-offs. Goodall’s legacy continues through the Jane Goodall Institute and global advocacy for animal welfare and the environment. Her life's work at Tanzania’s Gombe Stream National Park redefined the scientific understanding of humanity's place in nature.

May 7, 2026•1 min read•Source: Livemint
Sentiment: Positive
Read Full Article →
Everstone Capital acquires Germany’s Qlar Group in $150-200 million deal
Business

Everstone Capital acquires Germany’s Qlar Group in $150-200 million deal

Everstone Capital has acquired Germany-based industrial equipment maker Qlar Group from Blackstone for an estimated $150-200 million. Qlar specializes in material handling and processing equipment for sectors like mining, cement, chemicals, and food packaging. The company has a significant footprint in India, which contributes approximately 25% of its overall global revenue. Everstone plans to leverage its cross-border network to drive sustainable growth and expand Qlar's aftermarket and services business. Qlar currently operates manufacturing facilities in Bengaluru and Gurugram, employing over 400 people across India. The acquisition aligns with Everstone's strategy of backing global engineering firms that can leverage Asia's manufacturing base. Under new ownership, Qlar will continue to operate under its existing brand and management structure. Advisors for the transaction included Unison Asia and Barclays to facilitate the transition between private equity firms.

May 7, 2026•1 min read•Source: Livemint
Sentiment: Positive
Read Full Article →
Bengaluru couple swims from India to Sri Lanka in 10 hours: ‘Such an amazing feat’ - Video
SportsWorld

Bengaluru couple swims from India to Sri Lanka in 10 hours: ‘Such an amazing feat’ - Video

Danish Abdi and Vrushali Prasade, an IT professional couple from Bengaluru, swam 32 kilometers from Sri Lanka to India in 10 hours. The pair crossed the Palk Strait along the historic Ram Setu route to celebrate and strengthen cultural ties. Their achievement went viral on social media, garnering massive praise for their teamwork, physical endurance, and determination. The swim was supported by Manipal Hospitals and monitored by paramedics and the coast guard to ensure safety throughout the crossing. This feat follows another recent record by a seven-year-old boy, Ishank, who completed the same stretch in under ten hours. The couple addressed the media in Colombo before their swim, expressing their goal of inspiring others and pushing boundaries. The journey involved navigating challenging open waters of the Indian Ocean, requiring significant physical and mental preparation. It is considered a rare athletic accomplishment for an amateur pair in the field of long-distance open-water swimming.

May 7, 2026•1 min read•Source: Livemint
Sentiment: Positive
Read Full Article →
Suvendu Adhikari' PA shot dead LIVE: Contract killers involved? Police launch massive hunt, say ‘Glock 47X pistols used’
PoliticsWorld

Suvendu Adhikari' PA shot dead LIVE: Contract killers involved? Police launch massive hunt, say ‘Glock 47X pistols used’

Chandranath Rath, a close aide to BJP leader Suvendu Adhikari, was shot dead in Madhyamgram, West Bengal. The attack involved motorcycle-borne assailants who fired at Rath’s vehicle at point-blank range on Wednesday night. Police suspect the use of sophisticated Glock 47X pistols and the involvement of professional contract killers in the incident. The killing has sparked a fierce political row, with the BJP accusing the TMC of "targeted assassination" after recent elections. The TMC has dismissed the allegations, while state police have formed multiple teams and reviewed CCTV footage to track the killers. The driver of the vehicle remains in critical condition following multiple surgeries for bullet injuries sustained during the ambush. Post-poll tensions in West Bengal have escalated significantly following the announcement of assembly election results. BJP leaders have vowed to seek legal accountability for the "conspiracy" and the loss of their worker.

May 7, 2026•1 min read•Source: Livemint
Sentiment: Negative
Read Full Article →
Adidas Backyard Legends film: Lionel Messi, Timothee Chalamet and other stars unite for FIFA World Cup 2026
SportsEntertainment

Adidas Backyard Legends film: Lionel Messi, Timothee Chalamet and other stars unite for FIFA World Cup 2026

Adidas launched its "Backyard Legends" campaign featuring Lionel Messi, Timothee Chalamet, and Bad Bunny ahead of the 2026 FIFA World Cup. The short film celebrates neighborhood football, highlighting that legends are born on any pitch, from backyards to stadiums. It blends current superstars with 90s icons like David Beckham and Zinedine Zidane to showcase the game's timeless nature. The campaign uses the theme "You Got This" to encourage players at all levels to play with freedom and self-belief. Chalamet narrates the story of local players defending their pitch against some of the world's most famous athletes. Adidas aims to disarm the pressure of professional sports by focusing on the playfulness and grassroots roots of football. As an official kit supplier for 14 national teams, Adidas positions itself as a central figure for the upcoming summer tournament. The film is now available on YouTube, targeting football fans and aspiring athletes globally.

May 7, 2026•1 min read•Source: Livemint
Sentiment: Positive
Read Full Article →
BSE Q4 Results: Profit surges 61% YoY to ₹797 crore; ₹10 dividend announced
Business

BSE Q4 Results: Profit surges 61% YoY to ₹797 crore; ₹10 dividend announced

BSE Limited reported a 61% year-on-year surge in consolidated net profit to ₹797.33 crore for Q4 FY26. Revenue from operations also grew significantly, rising 85% to ₹1,563.51 crore during the same period. Sequential profit jumped 32.4% from the previous quarter, reflecting strong momentum for the stock exchange. The board approved a final dividend of ₹10 per share for eligible shareholders pending AGM approval. The record date for the dividend is set for July 10, with payments starting in mid-September. This performance underscores a robust period of growth and topline expansion for the financial platform. Investors are encouraged to monitor developments as the company builds on its healthy quarterly results. The dividend announcement provides additional value to stakeholders following this successful financial cycle.

May 7, 2026•1 min read•Source: Livemint
Sentiment: Positive
Read Full Article →
Multibagger stock KEI Industries under income tax department's scanner. Check details
Business

Multibagger stock KEI Industries under income tax department's scanner. Check details

The Income Tax Department conducted search operations at the offices and plants of KEI Industries on May 7. The cable and wire manufacturer confirmed it is cooperating with authorities and will provide necessary information during the proceedings. Despite this development, the stock remains a long-term multibagger, having gained 890% over the past five years. KEI reported strong Q4 results, with revenue growing 19% to ₹3,480 crore and net profit rising by 25%. The company’s order book remains healthy, supported by consistent demand from the power, real estate, and infrastructure sectors. Management remains optimistic, guiding for 17-18% volume growth in FY27 as new capacity expansion plans ramp up. Major brokerages like Motilal Oswal and JM Financial have maintained 'Buy' ratings with target prices reaching up to ₹5,800. The company emphasizes its commitment to transparency and legal compliance while the I-T search operation concludes.

May 7, 2026•1 min read•Source: Livemint
Sentiment: Neutral
Read Full Article →
Dabur India Q4 Results: Profit beats estimates, rises 16% YoY to ₹362 crore, declares final dividend of ₹5.5
Business

Dabur India Q4 Results: Profit beats estimates, rises 16% YoY to ₹362 crore, declares final dividend of ₹5.5

Dabur India reported a 16% rise in Q4 net profit to ₹362 crore, surpassing market estimates despite international challenges. Consolidated revenue grew 7.3% to ₹3,038 crore, driven by strong performance in the Home and Personal Care segment. Rural markets outperformed urban areas, indicating a steady consumption recovery in India’s hinterlands according to management. The company announced a final dividend of ₹5.5 per share, bringing the total dividend for the fiscal year to ₹8.25. Global CEO Mohit Malhotra noted that high inflation in the Middle East has led to strategic price hikes and pack resizing. Despite geopolitical tensions affecting international business, domestic volume growth remained healthy at a steady 6% rate. Quick commerce was a significant growth driver for the foods business, which saw a 30% jump during the quarter. For the full fiscal year 2026, total revenue reached ₹13,193 crore with a solid net profit of ₹1,869 crore.

May 7, 2026•1 min read•Source: Livemint
Sentiment: Positive
Read Full Article →
Pramod Mahajan’s speech goes viral as Vijay scrambles for allies in Tamil Nadu: ‘I belong to single-largest party, and…’
PoliticsWorld

Pramod Mahajan’s speech goes viral as Vijay scrambles for allies in Tamil Nadu: ‘I belong to single-largest party, and…’

TVK chief Vijay is attempting to form a government in Tamil Nadu as the single-largest party with 108 seats. An old 1997 speech by BJP leader Pramod Mahajan has gone viral, illustrating the irony of being the largest party in opposition. Vijay currently has support from 5 Congress MLAs but needs 118 seats to secure a majority and take the oath. The Governor has requested document proof of majority support before any government formation proceeds. Mahajan’s historic speech highlighted how seat counts don't always dictate who holds power in Indian coalitions. If successful, the actor-turned-politician would be the first non-DMK/AIADMK chief minister in sixty years. The situation mirrors past political stalemates where smaller parties played the role of kingmakers. The viral video underscores the wit and intelligence Mahajan was known for during his influential career.

May 7, 2026•1 min read•Source: Livemint
Sentiment: Neutral
Read Full Article →