Speaking at a rally in Mumbai, Prime Minister Narendra Modi said the city is India's "economic powerhouse". "Just look at where stock market was 10 years ago and where it is today. Millions of small investors are now connected to market," he said. "Maoist economics of Congress and the opposition will only jam the wheels of Mumbai's progress," he added.

It was a landmark day for Dow Jones, as the 139-year-old index crossed the 40,000 mark for the 1st time in its illustrious history, which has seen 25 US presidents. The index ended May 17 at 40,003.59, after making gains of 0.34 per cent. Inflation numbers fell from 3.5 per cent in March to 3.4 per cent in April.

Billionaire Elon Musk arrived in Indonesia's Bali on Sunday ahead of launch of SpaceX's Starlink internet service in the country. This comes after Musk visited China to boost Tesla's self-driving software in the country, days after cancelling his trip to India. Indonesian government hopes Starlink will let people in remote areas enjoy same fast internet as those in urban areas.

The chief judicial magistrate of Uttarakhand's Pithoragarh sentenced three men, including a Patanjali official, to six months in jail after Patanjali's soan papdi failed a quality test. Fines ranging from ₹5,000-25,000 were also imposed on them. The samples were collected from a Pithoragarh shop in October 2019 and the state food safety department received lab reports in December 2020.

UK PM Rishi Sunak and wife Akshata Murty rank 245th on the UK's Sunday Times Rich List 2024 with a £651 million combined fortune. Their most valued asset is Murty's Infosys shareholding. Murty's earnings exceed Sunak's as financial statements show Sunak made £2.2 million in 2022-23 compared to Murty's estimated £13 million (₹138 crore) in dividends over the past year.

Government is working to shift to an 80% landlord model by 2030 to increase efficiency and reduce logistics costs at major ports, Shipping and Waterways Secretary TK Ramachandran said. Port authority acts as a regulator and landlord while private players take over operational aspects in landlord model. Jawaharlal Nehru Port is the first major port to become 100% landlord port.

India cannot have individual EV policy for every company, said former NITI Aayog CEO Amitabh Kant on why Tesla didn't come to India. "You can't have policies for individual companies," he said, adding that India will not change its EV policy to suit some specific companies. Tesla CEO Elon Musk had announced plans to visit India but visited China instead.

Shapoorji Pallonji Group has offered to pay ₹400 crore extra to bond holders of its subsidiary Goswami Infratech in exchange for a postponement of coupon payment on the debt, Moneycontrol reported. The extra payout will take total payout to ₹1,800 crore and may extend the deadline from May 26 to September 30. The conglomerate had raised ₹14,300-crore debt last year.

A meeting was convened by the Consumer Affairs Department with e-commerce giants to discuss the issue of fake reviews. Proposed guidelines aim to enforce standards for reviewers and platforms to promote transparency. The surge in consumer complaints underscores the urgency for stricter regulations. The draft Quality Control Order will undergo public consultation before implementation.

The new Android version 2.24.11.9 in beta is currently testing locked chat feature with select users. A screenshot of the feature being tested was shared by Wabetainfo this week, and here, you can clearly see the locked chat folder at the top of the WhatsApp main screen of the linked device.