Delhi-based startup Glisco Kitchens' owner Gagandeep Sapra claimed that Delhi Police personnel forcibly shut down his cloud kitchen in Vasant Kunj and threatened employees after the startup refused to pay a bribe. He claimed police refused to file his complaint, and instead urged him to "settle" with the beat officer. The one-day shutdown cost 35% revenue loss, Sapra noted.

Ministry of Statistics and Programme Implementation (MoSPI) plans to compile an Index of Service Production (ISP) for the economy’s formal sector with 2024-25 as the base year. GST data will be a crucial input in the indicator, the MoSPI said. The index will cover sub-sectors like wholesale, transportation, retail trade, publishing, telecom, consultancy, real estate, arts and sports, among others.

India's largest drugmaker, Sun Pharma, will buy US-based Organon in an all-cash deal, including debt. Notably, Sun Pharma will be borrowing nearly $10 billion to fund $11.75-billion deal, Moneycontrol reported. Its management said deal should be judged not on short-term balance-sheet optics but on how decisively it accelerates firm's long-term transformation into a global pharmaceutical player.

The Mubaraz became the first LNG shipment to cross Strait of Hormuz since the Iran war began, Bloomberg reported. Mubaraz loaded cargo from Abu Dhabi's Das Island oil facility and had been idling inside the Persian Gulf before it stopped sending a signal around March 31. It suddenly reappeared near India on April 27, suggesting it somehow crossed the Strait.

Vedanta Power said it has completed the disbursement of compensation to the families of those killed and injured in a boiler-related incident at its power plant in Chhattisgarh's Sakti district. It has disbursed ₹35 lakh each to the families of the deceased and ₹15 lakh to those injured. "Compensation has…been released to all 35 affected individuals and families," it said.

Delhi High Court on Monday quashed a criminal complaint alleging physical assault filed by Godfrey Phillips India's former executive director, Samir Modi, against his mother, industrialist Bina Modi. Samir told the court that he has withdrawn his complaint against his mother after mutual settlement between them. The family has been engaged in a legal battle over controlling their business empire.

Meta has signed a deal with Overview Energy to power data centres with solar energy. The startup is developing infrastructure to collect solar energy in space and beam the infrared light to solar farms, which can power data centres at night. The deal will grant Meta early access to about 1 gigawatt of capacity from the systems, Reuters reported.

Insurtech firm Acko Insurance is targeting a valuation between $2 billion and $2.5 billion in its planned IPO, Moneycontrol reported. The firm will reportedly file its draft IPO papers in coming months and is eyeing a listing in early 2027. Acko has appointed ICICI Securities, Morgan Stanley and Kotak Securities as the bankers to manage the listing, the report said.

OpenAI may be building an AI-first phone with chipmakers MediaTek, Qualcomm and components manufacturer Luxshare, several reports said. The device, which may enter mass production in 2028, will not require users to jump between multiple apps to finish tasks, Times Now reported. Earlier, OpenAI CEO Sam Altman said that it had finished its first prototypes for hardware devices.

BP Plc has emerged as the top-performing oil supermajor, surging over 19% since the US-Iran war began. BP stock has risen while peers like Exxon, Chevron, and Shell have declined. The surge comes as Brent crude hit $108/barrel. BP expects strong uplifts in its oil and downstream segments this quarter.