SEBI Acts Against Synoptics for IPO Fund Misuse

Indian AI startup Sarvam has launched Bulbul-V2, an innovative text-to-speech model that supports 11 Indian languages. This Bengaluru-based company promises authentic accents that resonate with Indian speakers. Bulbul-V2 sets new standards for speech AI in India, making technology more accessible with affordable API pricing and low-latency performance. It features human-like speech with adjustable pitch, pace, and loudness, allowing users to customize their audio experience. With the ability to handle mixed-language content and real-time synthesis, Bulbul-V2 aims to be a strong competitor in the global market, enhancing communication across diverse Indian languages.

Air India is making headlines by acquiring six Boeing 777-300 ER planes, ending a seven-year gap in purchasing this type of aircraft. This decision comes as the airline, recently bought by the Tata Group, expands its fleet to meet the rising demand for air travel. The planes, which are known for their long-range capabilities, were previously leased from Etihad Airways. With a significant retrofit program for their older aircraft also underway, Air India is focusing on modernizing its fleet. This strategic move aims to enhance passenger experience and navigate challenges in the global supply chain.

India's $30 billion media and entertainment industry faced a shocking announcement from US President Donald Trump, who declared a 100% tariff on movies made outside the US. This decision has raised concerns among Indian filmmakers, fearing that it could drastically reduce box office earnings as ticket prices soar, potentially impacting revenues that range between ₹800 crore and ₹1,000 crore annually. While some experts predict limited effects due to the small number of Indian films released in the US, others worry about the overall repercussions for the industry. The Indian government has been promoting the country as a global content hub, but Trump's move could challenge these efforts.

Apple Inc. is planning to overhaul its Safari web browser, aiming to incorporate AI-powered search engines. This change comes as they reconsider their longstanding partnership with Google, which has made Google the default search engine for Apple devices. Eddy Cue, Apple’s senior vice president, revealed this during a lawsuit against Alphabet Inc., indicating that other AI options might soon be available. The shift could significantly affect how users search on iPhones, introducing more competition in the AI search market. Investors reacted negatively, causing shares of both Apple and Alphabet to drop. This change marks a new era for Apple as it explores various AI technologies to enhance user experience.

India and the UK are on the verge of finalizing a major trade deal, which has been in the works since Boris Johnson's time as Prime Minister. This deal is crucial for India as it aims to strengthen its position in global supply chains, especially with rising tensions between the US and China. The agreement is expected to enhance India's negotiating power for future agreements with the European Union, potentially benefiting various sectors, including services. The collaboration comes at a time when many countries, including the UK, are looking to reduce their reliance on Chinese imports, making this deal a significant step for India's economy.

The domestic stock market showed slight gains on Wednesday after a volatile trading session, driven by caution following India's launch of "Operation Sindoor" targeting terror sites in Pakistan. This military action aims to retaliate against the recent Pahalgam terror attack. Despite the market's fluctuations during the day, it managed to recover from its lows, with analysts suggesting a mix of cautious optimism and stock-specific activity in the coming days. Foreign investors have been actively buying shares, supporting market resilience even as tensions remain high due to geopolitical issues.

Billionaire Elon Musk's Starlink has finally received approval from the Indian government to start offering satellite internet services, nearly three years after applying. This regulatory nod comes after a thorough review focused on national security. With this approval, Starlink is set to compete with local telecom operators like Jio and Airtel to provide internet to urban families, although its services may be pricier. Satellite internet offers wider coverage and a strong network, making it an attractive option, especially in remote areas. The government has also laid down guidelines for local manufacturing and data security, ensuring that operations align with Indian regulations.

Mumbai's Chhatrapati Shivaji Maharaj International Airport will be closed for six hours on 8 May for essential maintenance work. From 11 AM to 5 PM, both main runways will be shut down to prepare for the upcoming monsoon season. Passengers are advised to check their flight schedules to avoid inconvenience. A notice was given six months prior to airlines, ensuring they could adjust their plans. This maintenance is vital for the airport's infrastructure, allowing specialists to inspect runways and prevent waterlogging issues. Akasa Air and IndiGo have already informed travelers about potential flight changes.

Rohit Sharma, the celebrated Indian cricketer, has officially announced his retirement from Test cricket, leaving behind a remarkable legacy. With 4,301 runs in 67 Tests, he scored 12 centuries and 18 half-centuries, with a highest score of 212. His leadership era was highlighted by thrilling victories, including a clean sweep against Sri Lanka and significant wins over Australia and England. Rohit's heartfelt retirement message expressed gratitude for his journey in Test cricket while confirming his continued commitment to ODIs. His decision comes after missing a Test match due to performance discussions, marking the end of a significant chapter in his cricketing career.

A powerful explosion near Walton Airport in Lahore sent residents scrambling for safety as sirens blared. This incident occurred close to the city's upscale business district and military cantonment. While life returned to normal in many parts of Pakistan, the Punjab province remained on high alert, with hospitals and emergency services prepared for any fallout. In response to India’s recent military action against terror targets, Pakistan closed its airspace for 48 hours, affecting flights at Lahore and Islamabad airports. The Pakistan Airports Authority raised concerns about the risks posed to aviation safety due to these tensions.

Warren Buffett, the legendary CEO of Berkshire Hathaway, has announced his retirement at the end of 2025 after an impressive 60-year journey. Known for his wisdom, Buffett shares six important investing lessons based on his experiences. He emphasizes understanding the businesses you invest in and avoiding risky tips. Instead, he suggests focusing on well-established companies with clear growth opportunities. Investing in stocks below their true value can protect your capital during tough economic times. His advice serves as a guide for sensible investing, reminding us that knowledge is key to reducing risk.

Artificial Intelligence (AI) is rapidly changing lives in India, with a recent KPMG study finding that 76% of Indians trust AI. Most respondents (90%) believe AI enhances accessibility and effectiveness, while 78% express concerns about negative impacts, such as reduced human interaction. Despite these worries, 67% feel they cannot complete their tasks without AI, and an impressive 97% use AI at work. The report highlights the need for responsible AI governance, as many employees use AI in ways that defy company policies. Nevertheless, 82% reported improved efficiency and quality of work, showcasing the dual nature of AI as both beneficial and risky.

Losing your phone can be a nightmare, but quick action can save your personal data and help you recover your device. Smartphones hold sensitive information like banking apps, emails, and photos, making it crucial to secure them fast. If your iPhone is lost, use the Find My app to lock it and display your contact info. Contact your service provider to block your SIM and prevent unauthorized usage. Change your passwords immediately to protect your accounts. Be cautious of phishing scams that may try to steal your information. By staying informed and acting quickly, you can protect your data and minimize the impact of mobile theft.

Urban Company is revolutionizing the gig economy in India by connecting skilled workers such as electricians and beauticians with customers. These workers often earn more than the average salaried employee, with some making around Rs 49,719 per month. Urban Company helps them by providing training and access to consistent demand, charging a fee in return. While they earn significantly more than traditional workers, they lack employee benefits like insurance. The company is planning a Rs 1,900 crore IPO to strengthen its technology, even as changes in labor laws could affect its profits.

India's $30-billion media and entertainment industry faced a shock as US President Donald Trump announced a 100% tariff on foreign films before their US release. This move could double ticket prices and significantly impact Indian films' box office revenues in the US, which range between ₹800 crore and ₹1,000 crore annually. Filmmakers like Vivek Agnihotri voiced concerns, stating that this tariff could lead to the collapse of India's struggling film industry. Industry experts suggest that while Indian films have limited exposure in the US, this policy could affect the international market dynamics. The future of the industry now hinges on the details of Trump's announcement.

The recent conflict between India and Pakistan has caused a significant drop in the Pakistan stock market. On May 7, investors reacted strongly to India's strikes on terrorist sites in Pakistan and Kashmir during 'Operation Sindoor', leading to a sharp fall in the Karachi-100 index by 5.5%, dropping to 107,296.64 points. This decline followed a devastating terror attack in Pahalgam, with the KSE-100 index down by 3.7%. In contrast, India's Sensex index saw a slight increase of about 1.5%. The situation is evolving, and investors are advised to seek expert guidance before making decisions.

Manoj Naravane recently posted on X (formerly Twitter) with the intriguing message, “Abhi picture baki hai…” This statement has sparked curiosity just before the official media briefing on Operation Sindoor, which is set to begin shortly. The phrase suggests that there is more to come, leaving many eager for details. This operation is likely of significant importance, prompting public interest and speculation. Stay tuned for more updates as the briefing unfolds!

Checking your credit score is crucial if you've recently started using a credit card or taken a personal loan. A credit score, ranging from 300 to 900, reflects your ability to repay loans. A higher score means you're seen as trustworthy by lenders. Knowing your score helps you improve it by addressing issues like high credit use or late payments. It also helps catch fraud early if you notice sudden drops or unfamiliar activities. If you plan to make a big purchase, like a car, checking your score first gives you time to enhance it before applying for a loan.