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  • The IRDAI is developing a more detailed framework for performance-linked key performance indicators (KPIs) for insurance company executives. This initiative aims to enhance oversight on claims settlement, customer complaints, and expense management, pushing for sharper accountability standards and measurable parameters in senior management evaluations.

    The Supreme Court has declined to intervene in the renaming of the Navi Mumbai International Airport. The court stated it cannot dictate policy decisions regarding airport names. The Maharashtra government had proposed to name the airport after Lokneta D B Patil.

    Bengaluru's MetaShot partnered with Yudiz Solutions to launch the world's first smart pickleball game on MetaShot's motion gaming console. This collaboration marks MetaShot opening its platform to external developers, aiming to expand its ecosystem with third-party sports titles and developer programs. The game will launch in the US in Q3 FY26.

    Around 160 passengers on an IndiGo flight from Vadodara to Delhi were left sitting in darkness without air conditioning for about 30 minutes on Sunday night after the aircraft’s ground power unit malfunctioned before take-off.

    Hearzap is acquiring Amplifon India in a deal that will significantly expand the company's presence across the country. The combined entity will operate approximately 420 hearing care centers. With this move, Hearzap is seeking to strengthen position in the organised hearing care market.

    India Tourism Sector and Iran War: Prime Minister Modi's call to curb foreign travel for a year aims to boost domestic tourism, conserve foreign exchange, and reduce the import bill amid the West Asia crisis. Industry experts anticipate a surge in local travel, benefiting airlines, hotels, and tour operators. This initiative could also foster infrastructure development and job creation within India.

    Petrol and diesel increased by approximately 90 paise per litre across India. Citizens expressed widespread disappointment, highlighting the severe impact on the common man and middle-class families struggling with rising inflation. Drivers and daily wage earners voiced concerns about their ability to sustain their livelihoods amidst escalating costs.

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India bonds gain as traders cover shorts after oil-led selloff

Indian government bonds saw a slight recovery Tuesday as traders covered short positions after a steep selloff. Concerns over the U.S.-Iran conflict and its impact on India's oil imports and a weakening rupee are keeping markets on edge, potentially delaying interest rate cuts. Overnight swap rates eased as opportunistic buying emerged.

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Tuesday, 19 May, 2026

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Australia freezes new overseas student provider registrations for 12 months

Australia is suspending new applications from vocational education providers seeking to enroll international students for 12 months. This move aims to address integrity concerns within the sector and allows regulators to review existing applications with greater scrutiny. Public institutions and existing providers are exempt from this suspension.

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Federal judge bans most arrests by federal agents in immigration courts in New York

A judge has stopped federal agents from making arrests near Manhattan immigration buildings. This practice, started under the Trump administration, prevented people from attending court without fear. The ruling allows individuals to pursue asylum claims safely. Agents can still arrest people elsewhere or if there's a public safety threat. This decision brings hope to immigrants seeking justice.

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France says ‘Bonjour’ to more Indian students but with a higher price tag

As visa hurdles rise in traditional study destinations, Indian students are increasingly turning to France. While easier visas and English-taught courses are attractive, rising tuition fees from 2026 pose a challenge. Families are now prioritizing long-term value, focusing on job opportunities and stable immigration pathways over prestige alone.

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Middle East tourism pain is Europe's gain

Europeans are choosing to vacation closer to home as the war in the Middle East has amplified security concerns and made long-haul flights more expensive. "Many European travellers who are hesitant to travel to the Middle East, in the eastern Mediterranean (Turkey, Greece or Egypt) or destinations even closer to the Gulf are turning to Spain and Portugal," he added.

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