Sparking

• Krutrim successfully pivoted to AI cloud services, achieving profitability and igniting a rally in India's tech sector as of May 5, 2026. • The shift validates India's domestic AI infrastructure development, positively impacting stocks like TCS, Infosys, and RIL. • This milestone signals a growth runway for Indian IT giants, reshaping competition against global players.

• US naval forces seized an Iranian-flagged cargo ship near the Strait of Hormuz, prompting Iran to label the action as 'bullying behaviour' and 'act of piracy'. • The operation occurred two days before a two-week ceasefire with Iran was set to expire, amid fragile diplomatic efforts and threats of retaliation. • Tehran insists on securing freedom of navigation in the strait, vital for one-fifth of global oil trade, before engaging in US talks, heightening energy security risks.

Critics warned of ‘higher ticket prices, more fees, and fewer options’ for passengers if two travel giants try to combineThe CEO of United Airlines is said to have pitched a blockbuster merger with American Airlines during a meeting with Donald Trump, floating the combination of the world’s two largest carriers.Scott Kirby, who leads United, raised the prospect during an encounter with the US president in late February, Reuters reported, citing two unnamed sources. Such a deal would overhaul the global air travel industry – and likely face intense competition scrutiny. Continue reading...