Top News Headlines: Political and Business Updates for May 8th

Sam Pitroda’s Controversial Remarks Stir Debate

Indian Overseas Congress Chairman Sam Pitroda has ignited controversy with his statement comparing the physical appearances of people in different regions of India to Africans, Chinese, and Arabs. His comments drew widespread criticism, including from Prime Minister Narendra Modi and the BJP. The Congress party has distanced itself from Pitroda’s remarks.

Air India Express Cancellations Raise Concerns

Air India Express has canceled several flights due to a protest by cabin crew members over alleged mismanagement. The civil aviation ministry has reportedly sought a report on the incident.

Larsen & Toubro Reports Strong Q4 Results

Larsen & Toubro (L&T) has announced a 10.3% increase in its net profit for the fourth quarter of fiscal 2024, reaching 4,396 crore. The multinational infrastructure conglomerate also saw a 15% rise in revenue from operations during the same period.

Sebi Directs Investment Advisors to Disclose Social Media Information

The Securities Exchange Board of India (Sebi) has issued a draft circular requiring investment advisors to furnish details of their social media accounts every six months.

Karnataka Police Summons BJP Leaders Over Tweet

The Karnataka Police have summoned BJP National President JP Nadda and IT-cell head Amit Malviya in connection with a tweet allegedly posted by BJP Karnataka that is said to be offensive to the SC/ST community.

Congress Counters PM Modi’s Ambani-Adani Allegation

The Congress party has refuted Prime Minister Narendra Modi’s accusation that it has been silent on discussing the Ambani and Adani businesses. The party claims that Rahul Gandhi has mentioned Gautam Adani 103 times and Mukesh Ambani over 30 times since April 2024.

Non-Vegetarian Meals Become Costlier in April

The cost of non-vegetarian meals rose in April due to an increase in broiler chicken prices. However, the cost of home-cooked vegetarian meals remained stable after declining for four consecutive months.

India’s GDP Growth Likely to Hit 8% in FY24, 7% in FY25

India’s economy is estimated to have grown by 8% in fiscal year 2024 (FY24), according to the government’s chief economic adviser, V Anantha Nageswaran. Growth in the current fiscal year is projected to be 7%.

Livemint Emerges as Fastest Growing News Website

Livemint has topped the charts as the fastest growing news website globally, showcasing the growing demand for reliable and timely news.

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