FEATURE STORY
Karnataka Chief Minister Siddaramaiah late on Tuesday night agreed to step down, confirmed sources privy to the marathon meetings held earlier in the day in New Delhi.
Prime Minister Narendra Modi on Thursday asked ministers and government officials to urgently explore alternative sources of energy amid the ongoing US-Israel war on Iran and the continued blockade of the Strait of Hormuz, which has disrupted India’s fuel supplies from the Gulf. At the more than four-hour meeting of the Council of Ministers, he also pushed for a shift beyond conventional energy sources and suggested biogas as a substitute for LPG cooking gas
Governor RajendraVishwanathArlekar has approved the recommendation of Chief Minister Vijay to induct 23 MLAs into the Tamil Nadu Council of Ministers, marking the first major Cabinet expansion of the newly formed TamilagaVettriKazhagam (TVK) government.
A defining structural transition reshaped Karnataka’s political landscape on Friday, May 29, 2026, as Governor Thaawarchand Gehlot officially accepted the resignation of Chief Minister Siddaramaiah, dissolving the sitting Council of Ministers. The high-profile exit follows a closed-door consensus engineered by the Congress high command in New Delhi, honoring an unwritten, rotational power-sharing formula established during the party’s decisive 2023 electoral victory. While Siddaramaiah will temporarily head state administration as caretaker Chief Minister, his long-time rival and organizational strongman, Deputy Chief Minister D.K. Shivakumar, stands poised as the definitive successor to the state’s apex executive office. Amid highly emotional demonstrations by AHINDA support groups outside the official residence in Bengaluru, both leaders projected a unified front, flying to Delhi to iron out upcoming cabinet expansions. The transition now moves to a formal legislative track, with a critical Congress Legislature Party (CLP) meeting summoned for Saturday, May 30, to officially elect Shivakumar as the new leader before the scheduled oath-taking ceremony on the steps of Vidhana Soudha.
Dalal Street concluded a tumultuous month on a thoroughly bruised note on Friday, May 29, 2026, as a violent, vertical selloff in the final hour of trade wiped out more than ₹3.5 lakh crore of investor wealth. The BSE Sensex disintegrated post-2:30 p.m., plummeting 1,092.05 points to settle at 74,775.74, while the NSE Nifty 50 crashed 359.40 points to close at 23,547.75—sealing deep monthly losses of 2.8% and 1.9% respectively. The multi-pronged afternoon panic was triggered by a dual macro blow: the execution of MSCI’s scheduled May index rebalancing, which aggressively trimmed India’s weight in the Emerging Markets index to 11.2% to spark severe foreign institutional capital flight, coupled with a cautious warning from U.S. Vice President JD Vance that a permanent West Asia ceasefire and nuclear memorandum are “not there yet.” Heavyweight financial and technology anchors led the bloodbath, completely clouding an isolated 22% monthly counter-rally in Adani Enterprises after U.S. legal entities systematically quashed all corporate fraud allegations against the group.
In a monumental Roland Garros upset, world No. 56 Juan Manuel Cerundolo mounted an incredible five-set comeback to eliminate world No. 1 Jannik Sinner. Overcome by sudden illness and exhaustion, the tournament favorite collapsed after holding a massive third-set lead, blowing the men’s draw wide open.
