Japan’s Nikkei 225 tops 62,000 in a historic single-day surge fuelled by AI optimism, SoftBank’s 18% leap, and growing hopes of a US–Iran peace deal, defying geopolitical noise that would have rattled markets just months ago.

Ted Turner, CNN founder and media mogul who rewired the way the world consumed news, died peacefully on May 6, 2026, at the age of 87 — leaving behind a legacy that stretches from a converted Atlanta country club in 1980 to two billion television screens across the globe.

Cognizant layoffs are back in the headlines. The IT giant’s newly launched Project Leap may eliminate up to 15,000 roles globally, with India, home to over 250,000 of its workforce, set to shoulder the heaviest blow. The restructuring is expected to cost between $230 million and $320 million.

Biocon founder Kiran Mazumdar-Shaw has formally named her niece Claire Mazumdar as her successor, marking a watershed moment in India’s biotechnology landscape. In an exclusive Fortune India interview, the 73-year-old entrepreneur revealed her succession strategy for the company she built from a garage 48 years ago. Claire, 37, currently leads Nasdaq-listed Bicara Therapeutics, a company incubated by Biocon and taken public with a ₹362 million IPO in 2024.

In a decisive verdict marking the end of a prolonged legal battle, the National Company Law Appellate Tribunal (NCLAT) rejected Vedanta’s challenge to Adani’s acquisition of debt-ridden Jaiprakash Associates Limited (JAL) on May 4, 2026. The tribunal found no merit in seven contentions raised by Vedanta, upholding the Committee of Creditors’ commercial wisdom. Despite Vedanta’s higher bid of ₹17,926 crore, Adani’s ₹14,535 crore offer prevailed based on comprehensive evaluation metrics.

Tim Cook just made India one of Apple’s most-watched markets. The tech giant is counting on millions of Indians moving into the middle class and upgrading their devices. Here’s what makes India so valuable right now.

A major shake-up in India’s energy market hit from May 1, 2026. Commercial LPG cylinder prices surged by nearly 48%, marking one of the steepest hikes on record. The 19-kilogram cylinders saw increases ranging from ₹993 to ₹1,147 across metro cities, driven by escalating global tensions and Middle East supply concerns. While household cooking gas prices remained stable, the commercial sector faces mounting pressure.

India’s iPhone exports have smashed records, touching ₹2 trillion in the last year of the Production Linked Incentive (PLI) scheme for smartphones. Besides being just another headline number; it shows how quickly the country has become a serious global manufacturing base for one of the world’s most valuable tech brands.

In a seismic shift for global energy markets, the UAE exits OPEC and OPEC+ effective May 1, 2026, after nearly six decades as a key member, signalling a bold new era of independent oil policy for Abu Dhabi.

A nine-person jury was seated on April 28, 2026, in federal court in Oakland, California, marking the formal start of the Elon Musk OpenAI lawsuit trial against CEO Sam Altman and OpenAI President Greg Brockman. With $150 billion in potential damages on the line and the fate of one of the world’s most valuable AI companies in question, this trial has Silicon Valley watching its every move.

Reliance Industries is gearing up to build India’s largest data centre cluster in Andhra Pradesh with a ₹1.6 lakh crore investment, a facility near Visakhapatnam that will be bigger than Google’s $15-billion project in the same city.

Sun Pharma has agreed to buy US-based Organon for $11.75 billion in cash, India’s biggest overseas pharma deal in decades and a defining bet on women’s health and biosimilars.