Defence Minister Rajnath Singh, briefing Opposition leaders at an all-party meet, said Operation Sindoor has neutralised at least 100 militants.
Markets responded with visible anxiety. Indian equity indices slipped sharply, erasing early gains, while the rupee posted its steepest single-day fall in over two years.
Internationally, the Catholic Church has a new Pope. The 133-strong College of Cardinals elected the new Bishop of Rome in the fourth round of voting on the second day of the Papal Conclave at the Vatican City on Thursday. Trade too took centre stage. US President Donald Trump announced what he described as a “breakthrough” agreement with the UK to streamline customs and deepen economic ties.
On the philanthropy front, Bill Gates has committed to giving away the vast majority of his remaining wealth within 20 years, as the Gates Foundation turns 25. He plans to double the foundation’s lifetime spending to $200 billion, citing a moral obligation amid weakening global aid flows.
Here are the top 10 stories of the day:
Pakistan launches drone, artillery attacks in Jammu
A sudden escalation along the India-Pakistan border rocked Jammu on Thursday evening as the Pakistan Army launched a series of artillery shelling and drone attacks, prompting a swift and strong retaliation from the Indian Armed Forces.
Multiple unmanned aerial vehicles (UAVs) attempted to breach Indian airspace. In response, Indian forces activated advanced defensive systems, successfully intercepting and neutralising the drones mid-air. No casualties or damage have been reported so far.
Also Read | India to push back against IMF aid for Pakistan, will flag terror track record
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Catch live updates from the India-Pakistan conflict here
India to push back against IMF aid for Pakistan, will flag terror track record
Foreign Secretary Vikram Misri has issued a pointed message ahead of Pakistan’s IMF loan review, stating that the country’s track record on terrorism should be “well known” to those who “generously open up their pockets” to bail it out.
He urged IMF board members to “look within and study the facts” before extending further assistance. India’s Executive Director at the IMF, Parameswaran Iyer, is expected to present India’s case during the board meeting, scheduled for May 9 as part of the Extended Fund Facility (EFF).
Operation Sindoor: India killed at least 100 terrorists in Pak and PoK, Rajnath Singh tells Oppn
Defence Minister Rajnath Singh on Thursday (May 8) said at least 100 terrorists were killed in Indian precision missile strikes under Operation Sindoor, media report stated.
In the all-party meeting, the government told Opposition MPs that precise strikes were carried out on nine terrorist hideouts under Operation Sindoor. While the government stated around 100 terrorists were killed, it said the confirmation is awaited and the counting is ongoing.
Stocks plunge amid escalating Indo-Pak tensions; Rupee sees worst fall in over 2 years
The domestic equities closed sharply lower on Thursday, with the benchmark Sensex and Nifty indices erasing early gains amid escalating geopolitical tensions between India and Pakistan. The rupee also recorded its steepest single-day decline in more than two years.
The S&P BSE Sensex fell 412 points, or 0.51%, to close at 80,335, while the NSE Nifty 50 dropped 141 points, or 0.58%, to end at 24,274. The broader market sentiment worsened, with the advance-decline ratio turning negative at 1:3, indicating widespread selling pressure.
Titan beats the Street, declares dividend of ₹11 as net profit rises 11% to ₹870 crore
Leading jewellery retailer and watchmaker Titan Company Ltd on Thursday (May 8) reported a 10.7% year-on-year (YoY) increase in net profit at ₹870 crore for the fourth quarter ended March 31, 2025, over ₹786 crore in Q4FY24. The CNBC-TV18 poll had predicted a net profit of ₹837 crore.
The company’s Q4 numbers topped expectations on all vital parameters.
Revenue from operations surged 19.7% YoY to ₹13,477 crore against ₹11,257 crore, again beating the CNBC-TV18 poll prediction of ₹13,055 crore.
Also Read | L&T Q4 results: Profit jumps 25% YoY, beats estimates; recommends ₹34 dividend
Also Read | Asian Paints Q4 Results: Volume growth of 1.8% below estimates; net profit falls 45%
US, UK agree on ‘breakthrough’ trade agreement
US President Donald Trump has announced what he described as a “breakthrough” economic agreement between the United States and the United Kingdom, claiming it will fast-track American goods through British customs and bring the two nations into closer alignment on industrial and security policy.
The Indus Waters Treaty doesn’t provide for intervention by World Bank: Ajay Banga
Amidst widespread speculation about the World Bank’s role after India said it would keep in abeyance the Indus Waters Treaty, a pact that the World Bank helped negotiate between the two feuding nations, the institution’s President Ajay Banga brought in the much-needed clarity. World Bank is merely a facilitator, he told CNBC-TV18 in an interview.
“We have to pay the fees of those guys through a trust fund that was set up at the Bank at the time of creation of the treaty. That’s our role. We have no role to play beyond that,” he added.
India has offered zero tariffs on most products, Piyush Goyal likely to visit US in two weeks: Sources
India has offered zero tariffs on most products to the United States, people in the know told CNBC-TV18 about the India-US trade talks.
The Indian side has offered zero tariffs with the exception of wheat, maize, rice and dairy, sources said.
They added that the US wants to keep tariffs on India at 10%.
Bill Gates sets new 20-year deadline to give away his fortune as foundation turns 25
As the Gates Foundation marks its 25th anniversary, Bill Gates is setting an audacious new target: to give away nearly all his remaining wealth within the next 20 years. In doing so, he’s committing to double the foundation’s spending over the next two decades — pouring in $200 billion, up from the $100 billion spent since its inception.
This pivot comes at a time of increasing global uncertainty. Gates says the decision to accelerate giving wasn’t triggered by current geopolitical or economic turmoil, but the timing means the funds will arrive when many public health and development systems are under pressure. “In the short run, I am very disappointed that aid generosity is down,” he told CNBC-TV18, pointing to slashed aid budgets, mounting debt and instability across many low-income countries.
Also Read | Bill Gates is disappointed by a lack of fresh funds for vaccine alliance
Also Read | Bill Gates says India is the linchpin for his 20-year plan
Also Read | Bill Gates says he will miss the regular counsel of ‘wise & generous’ Warren Buffett
India issues Letter of Intent to Starlink for satellite communication services
The government has issued a Letter of Intent to Starlink for satellite communication services, sources said on Wednesday.
Starlink is a satellite internet service developed by SpaceX — the American aerospace manufacturer and space transportation company founded in 2002 by world’s richest man, Elon Musk. It provides high-speed, low-latency broadband internet worldwide using satellite technology.
White smoke pours from the chimney as new Pope elected
The Catholic Church has a new Pope. The 133-strong College of Cardinals elected the new Bishop of Rome in the fourth round of voting on the second day of the Papal Conclave at the Vatican City on Thursday.
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