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Subscribe to enjoy similar stories.To my mind, there is one thing the US version of The Office did better than the BBC original, created by Ricky Gervais and Stephen Merchant. This, I assure you, is a big deal because I worship at the altar of those flawlessly written British episodes.

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Subscribe to enjoy similar stories.BENGALURU: India’s quick commerce sector may be entering a new phase where blistering growth begins to cool even as the overall momentum remains intact.Eternal Ltd’s Q4 shareholder letter showed Blinkit’s net order value (NOV) grew 8% to ₹14,386 crore sequentially, compared to 13% growth QoQ in the previous quarter. On the other hand, Instamart’s gross order value (GOV) fell to ₹7,881 crore from ₹7,938 crore in the previous quarter.

Subscribe to enjoy similar stories.Investors of Bajaj Auto and Hero MotoCorp stocks have little to complain about their March quarter (Q4FY26) performances. After all, Bajaj and Hero’s Ebitda grew by 36% and 31% year-on-year, respectively, to ₹3,323 crore and ₹1,856 crore.The companies tackled sequential profitability concerns over high input costs well. This reflects in the sequential improvement in Ebitda per vehicle by 3% for Bajaj to ₹24,200 and by 1.5% for Hero to ₹10,800.So, what led to the stellar show? Profitability protection by increasing the average selling price (ASP) and robust sales volume growth.

Subscribe to enjoy similar stories.MUMBAI: Caution is returning to small-, and mid-cap stocks after last month’s sharp rally, with experts warning that stretched valuations could leave the segment vulnerable to even minor macroeconomic and earnings shocksThe BSE Smallcap index rose nearly 20% in April, while the BSE Midcap index gained almost 14%, their strongest monthly performances since May 2014. In comparison, the Sensex rose 7%.But the rebound has been uneven.

Subscribe to enjoy similar stories.New Delhi: The government’s subsidy spending has already reached 91% of the revised estimate for financial year 2026 in the first 11 months, highlighting sustained strain from welfare commitments that is unlikely to ease soon, as the West Asia war fuels cost pressures in the economy.According to the Department of Expenditure data, reviewed by Mint, total expenditure on major subsidies including food and fertilizers stood at ₹3.89 trillion during April–February, against the revised estimate of ₹4.29 trillion. The department is still collating the final month's figure.The subsidy spending is higher than ₹3.63 trillion recorded in the same period of FY25.Despite higher subsidy spending, the fiscal deficit moderated to ₹12.52 trillion during April–February FY26, lower than the ₹13.46 trillion in the same period last year, the ministry data showed.

Subscribe to enjoy similar stories.Mahindra & Mahindra’s March quarter (Q4FY26) shows why it’s one of the most consistent growth stories in India’s auto sector. It beat Street expectations on revenue and profit. Better-than-expected realizations in SUVs – its primary segment, and a sharp rise in other income were the key drivers.

Subscribe to enjoy similar stories.NEW DELHI: Demand for beer in India is holding up, but for United Breweries Ltd, rising costs and delayed pricing are squeezing margins.The Heineken NV-controlled maker of Kingfisher beer reported a weaker-than-expected performance for fiscal year 2026 (FY26), with revenue and profit declining even as volumes showed some resilience. A fresh wave of input cost inflation, particularly in packaging, alongside supply disruptions linked to the West Asia conflict, is driving the pressure in India’s tightly regulated beer market.Revenue from operations fell 10% to ₹1,746.3 crore in FY26 from ₹1,940.8 crore a year earlier, according to exchange filings, while profit declined 6.6% to ₹413.4 crore.For the quarter ended 31 March (Q4FY26), revenue was largely flat at ₹440 crore versus ₹442.7 crore a year earlier, while profit rose to ₹101.8 crore from ₹97.7 crore.

Subscribe to enjoy similar stories.Data released on Tuesday by the Federation of Automobile Dealers Associations in India shows that automobile retail sales rose 13% from a year earlier to over 2.6 million units in April, the best-ever performance for this month. The growth was broad-based, with five of the six main segments posting record numbers; all barring construction equipment, that is.

Subscribe to enjoy similar stories.Among all the fashion labels worn by stars on the Met Gala red carpet Monday night, two brands seemed out of place: Gap and Zara.Kendall Jenner wore a flowing, Greek-inspired cotton gown by GapStudio, a premium line the company debuted last year. Bad Bunny wore a black custom tuxedo from Zara (and prosthetics that made him look elderly, seemingly a nod to the “aging bodies” section of the “Costume Art” exhibit the gala feted).

Subscribe to enjoy similar stories.Stock market recap: Indian equity markets ended Tuesday’s session on a cautious note, with the Nifty 50 declining 0.36% to settle at 24,032.80. The index saw volatile consolidation through the day, moving between an intraday low of 23,882.05 and a high of 24,081.70.Market breadth was mildly negative, with 1,604 stocks advancing against 1,680 declining, indicating a broadly balanced but slightly bearish undertone.Sectoral performance was mixed.

Subscribe to enjoy similar stories.China escalated its fight against the U.S. over Iranian oil, defying American sanctions in a show of resistance ahead of President Trump’s visit to Beijing planned for next week.Beijing has typically been wary of being seen to openly violate U.S. sanctions, even as privately run Chinese refiners, known as “teapots,” buy nearly every barrel of oil Iran exports.But China’s Commerce Ministry on Saturday told companies not to comply with the U.S.’s blacklisting of several Chinese refineries over alleged purchases of Iranian oil, invoking for the first time a 2021 “blocking rule” designed to counteract foreign laws it believes violate international norms or restrict trade.“It sends a broader message that China is willing and can resist what it views as unilateral and unfair sanctions that hurt Chinese interests,” said Dylan Loh, a professor at Singapore’s Nanyang Technological University who studies China’s foreign policy.The U.S.

Subscribe to enjoy similar stories.Bharat Heavy Electricals Ltd’s (BHEL) shares have gained about 8% in the past two trading sessions, and also hit an all-time high of ₹399 apiece on Monday, surpassing the previous all-time high of ₹390 seen on 7 November 2007. Not without reason.The state-owned equipment manufacturer’s consolidated Ebitda jumped 111% year-on-year to ₹1,753 crore for the March quarter (Q4FY26).

Subscribe to enjoy similar stories.Stock market recap: Indian equity benchmarks ended the session higher on Monday 4 May, with the Nifty 50 rising 121.75 points (0.51%) to close at 24,119.30. The Sensex gained 355.90 points (0.46%) to finish at 77,269.40.

Subscribe to enjoy similar stories.Bank loans under the Prime Minister’s Employment Generation Programme (PMEGP) fell by half to ₹6,148 crore in 2025-26 from ₹12,315 crore a year earlier, marking the third consecutive decline, according to data from the micro, small and medium enterprises (MSME) ministry and its PMEGP portal.The lower disbursements coincide with FY26 recording the lowest number of loan applications in a decade, signalling weakening momentum in credit support for small enterprises and job creation under the scheme.The trend raises questions about the creditworthiness of MSMEs and banks’ risk perception of small business loans amid external uncertainties, even as the Centre has increased the budgetary allocation for subsidized loans to start small non-farm business ventures to ₹4,500 crore (BE) for FY27 from ₹2,548 crore (RE) in FY26.The fall in bank loan sanctions is likely due to FY26 being the last year of the fifteenth finance commission cycle that began in FY21, with banks facing uncertainty about whether the scheme will continue, said an official directly aware of the development.The sixteenth finance commission, in its report submitted to the central government in November 2025, noted certain inconsistencies in the reporting of the PMEGP as a subsidy scheme.“Now that the budget for the PMEGP has been allocated for FY27, we expect bank loan sanctions as well as job creation under the scheme to rebound,” the official said on condition of anonymity.A senior bank official said the fall also needs to be seen in the context of tighter credit filters and a shift towards improving asset quality.

Subscribe to enjoy similar stories.Any doubts that China has become the heartland of the global car industry are quickly dispelled by a visit to the country’s main motor show. Beijing’s noisy and crowded event this year was twice as large as in 2024 (it moves to Shanghai on alternate years) with around 180 new cars on display. The show, which concluded on May 3rd, demonstrated once again that foreign carmakers are lagging behind their Chinese rivals in the race to the industry’s future.Yet the show also illustrated the extent to which foreign carmakers are looking to remake themselves in the image of their ascendant Chinese competitors.

Subscribe to enjoy similar stories.John Pederson, 33, couldn’t work. The former Outback Steakhouse line cook was recovering from a car crash and running out of money. Kalshi, the prediction market, promised a quick way to fix that.

Subscribe to enjoy similar stories.Whether the majority of the exit poll predictions regarding the landslide victory of the incumbent National Democratic Alliance (NDA) government come true or not will be known later on Monday. However, the newly-formed government, irrespective of the party, will be inheriting an economy full of contradictions—of high economic growth and low income.

Subscribe to enjoy similar stories.Soumya Sankar Bose’s new show We Need to Talk In Whispers at Experimenter, Ballygunge, in Kolkata is inspired by a journal he found on an overnight train journey from Howrah to Koraput. It seemed to be a curious “exploration of thanatology,” as the exhibition notes explain, a repository of “suicide notes” and “memories people hold on to in their final moments”.