In an escalation of cross-border tensions, India launched a coordinated May 7 midnight assault on nine terror camps inside Pakistan and Pakistan-occupied Kashmir (PoK), marking one of the most expansive retaliatory strikes in recent memory. Codenamed ‘Operation Sindoor,’ the high-precision offensive was carried out by all three branches of the armed forces in response to the Pahalgam terror attack that killed 26 tourists, signalling a new phase in India’s counter-terror doctrine.

India carried out precision strikes at terrorist camps in both Pakistan and Pakistan-occupied Jammu and Kashmir in the early hours of Wednesday, in response to the April 22 Pahalgam terrorist attack, according to a Ministry of Defence (MoD) statement. A total of nine sites were targeted by the Indian armed forces.

“A little while ago, the Indian armed forces launched ‘Operation Sindoor’, hitting terrorist infrastructure in Pakistan and Pakistan-occupied Jammu and Kashmir from where terrorist attacks against India have been planned and directed,” said the MoD.

Markets regulator Sebi has mandated a minimum ticket size or investment threshold of Rs 1 crore for the RBI-regulated originators and unregulated entities engaged in securitisation activities.

Securitised Debt Instruments (SDIs) are financial products created by pooling together various types of debt -- such as loans, mortgages, or receivables -- and then selling them as securities to investors.

Union Telecom Minister Jyotiraditya Scindia has said that Apple will manufacture all iPhones in India in the coming years. Citing Apple’s plans to source and produce most iPhones sold in the US from India, Scindia said investing in the country today is not just about goodwill, but a sound economic decision for every original equipment manufacturer (OEM).

Public sector lender Union Bank of India spent an estimated ₹7.25 crore to purchase nearly 200,000 copies of a book authored by former Chief Economic Adviser (CEA) Krishnamurthy V Subramanian, according to a report by The Economic Times. The report comes amid Subramanian's recent exit from his post as India’s executive director at the International Monetary Fund (IMF), six months ahead of schedule.

Tamil Nadu Chief Minister MK Stalin has written to External Affairs Minister S. Jaishankar, seeking immediate intervention to safeguard the lives and livelihoods of Indian fishermen following a spate of recent attacks and ongoing issues related to confiscated boats held by Sri Lankan authorities.

The Department of Financial Services (DFS) has reviewed the Supreme Court’s (SC’s) judgment on JSW Steel’s acquisition of Bhushan Power & Steel (BPSL) through the insolvency process, in consultation with the lenders involved, and will now seek the government’s view on how to approach the ruling and determine the next course of action, DFS Secretary M Nagaraju said on Monday in Mumbai.

A 4.2-magnitude earthquake struck Pakistan at 4 pm IST on Monday, according to the National Centre for Seismology (NCS). This marks the third earthquake to hit the country in recent weeks.

In a post on X, the NCS showed the tremors originated near the Chitral District of Khyber Pakhtunkhwa province, near the border with Afghanistan.

The Centre is reviewing the Supreme Court’s order that quashed JSW Steel’s ₹19,700 crore resolution plan of Bhushan Power and Steel Ltd (BPSL), and will soon finalise its response, the Department of Financial Services (DFS) said on Monday, according to a report by Reuters.

“I have already reviewed [the order] with all the lenders. We have taken a position, we have studied the judgment, we have got our advocates’ view on the judgment,” DFS Secretary M Nagaraju said.

A 45-year-old man and his wife died in a massive fire that broke out at a five-storey building in Chamanganj area of Uttar Pradesh's Kanpur, police said on Monday.

Huge flames engulfed the entire building located in the Prem Nagar area. The five-storey structure houses a shoe manufacturing factory on its first and second floors, they said.

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