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Focus on CPI (M), CPI and VCK as Vijay’s TVK attempts to stitch alliance in Tamil Nadu

May 8, 2026
Politics

Chennai (Tamil Nadu) [India], May 8 (ANI): As the stalemate in Tamil Nadu continues, the smaller parties have become the focal point in a state where the power has been transferred from DMK to AIADMK. The cinematic entrance of actor-turned-politician Vijay with a mandate of 108 seats has changed all equations in the state as the parties look to form new alliances, ditching their reliable partners. After Congress decided to support TVK with its five seats, other DMK alliance partners are also looking to follow the same path to have their say in the governance. Communist Party of India (Marxist)

US Judge rules Trump administration’s cancellation of humanities grants was unconstitutional

May 8, 2026
General

WASHINGTON, May 8, 2026 (AP) — The Trump administration’s cancellation of more than $100 million in humanities grants to scholars, writers, research groups and other organizations was unconstitutional, and the Department of Government Efficiency had no authority to end the funding, a federal judge in New York ruled on Thursday. U.S. District Judge Colleen McMahon in Manhattan sided with The Authors Guild, several other groups and several people who had their grants canceled and sued DOGE and the National Endowment for the Humanities. McMahon permanently barred the administration from terminating the grants and criticized DOGE’s use of artificial intelligence in

US trade court rules against new global tariffs Trump imposed after loss at the Supreme Court

May 8, 2026
Finance

WASHINGTON, May 8, 2026 (AP) — A U.S. trade court ruled Thursday against the new global tariffs that President Donald Trump imposed after a stinging loss at the Supreme Court. A split three-judge panel of the Court of International Trade in New York found the 10% global tariffs were illegal after small businesses sued. The court ruled 2-1 that Trump overstepped the tariff power that Congress had allowed the president under the law. The tariffs are “invalid″ and “unauthorized by law,” the majority wrote. The third judge on the panel found the law allows the president more leeway on tariffs.

Stock markets slump in early trade amid fresh tensions in West Asia

May 8, 2026
Finance

Mumbai, May 8 (PTI) Equity markets declined in early trade on Friday as escalating geopolitical tensions in West Asia and rising oil prices weighed heavily on investor sentiment. Foreign fund outflows and a weak trend in global markets further dented investor sentiment. The 30-share BSE Sensex declined 353.50 points to 77,491.02 in early trade. The 50-share NSE Nifty dropped 109.25 points to 24,225.20. The BSE benchmark further fell by 536.66 points to 77,331.75, and the Nifty traded 166.95 points down at 24,170.80. From the 30-Sensex firms, Mahindra & Mahindra, Axis Bank, HDFC Bank, Eternal, Bajaj Finance and Tata Steel were

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Silver prices plunge by Rs 21,600, gold falls by Rs 3,200 amid global selloff

New Delhi, May 15 (PTI) Silver prices plunged by Rs

Trump: spoke with Xi about lifting sanctions on Chinese companies that buy Iranian oil

ABOARD AIR FORCE ONE, May 15 (Reuters) – U.S. President

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