MHYTH has raised ₹5 crore in a pre-seed round led by Mohammed Asief Khan, with earlier backing from Nine Rivers Capital. Founded by Mitali Rai, the luxury innerwear brand offers lingerie and lifestyle wear. It operates an asset-light model and plans to build premium products and scale its India-based manufacturing while targeting global growth and expansion.
May 5th, 2026

Anushka Singh
OpenAI's sales head, James Dyett on Monday announced that he is leaving the startup. Dyett who joined OpenAI in 2023, will be taking up a new role as Operator in Residence in venture capital firm Thrive Capital. This comes after three top executives, including OpenAI's CTO of B2B Applications Srinivas Narayanan, announced their departures last month.
May 5th, 2026

Anmol Sharma
Sensex fell over 550 points and Nifty dropped below 23,950 intraday on Tuesday. This comes after Brent crude surged to $113 per barrel after Iran escalated attacks on UAE and ships in the Strait of Hormuz. The rupee also hit an all-time low of 95.40 against the dollar, while weak US and Asian markets also added to the pressure.
May 5th, 2026

Arshiya Chopra
Indian rupee slid to a record low of 95.40 per dollar on Tuesday after fresh US and Iranian strikes in the Gulf rattled markets. Brent oil price is hovering near $113 per barrel, maintaining pressure on oil-importing economies like India. UBS has revised its year-end forecast for the rupee to 96 per dollar, weaker than its earlier forecast of 94.
May 5th, 2026

Commerce Minister Piyush Goyal reviewed progress on India`s FTAs, focusing on boosting exports and integrating India into global value chains. He also met a Japanese delegation to enhance bilateral trade and investment ties, signalling stronger international economic collaboration.
May 5th, 2026

MSRDC has warned motorists against stopping for selfies on the Mumbai-Pune Expressway Missing Link, citing safety risks. CCTV surveillance operates 24x7, with violations reported to highway police. Speed limits are fixed at 100 kmph for cars and 80 kmph for buses in tunnels, and offenders may face heavy penalties for halting vehicles.
May 5th, 2026

Pravel Jain
Two trustees have opposed the proposed reappointments of Venu Srinivasan and Vijay Singh as trustees of the Tata Education and Development Trust (TEDT), Moneycontrol reported. The report said that Mehli Mistry and JN Mistry voted against the reappointments. Srinivasan and Singh, whose current terms are set to expire next Sunday, had sought renewal as trustees of TEDT, the report added.
May 5th, 2026

A proposed US visa rule aims to replace the flexible "Duration of Status" system with fixed stay limits for international students. Critics warn it could increase bureaucracy, reduce flexibility, and create legal risks for students and universities. While intended to improve oversight, the change may disrupt global education flows. The rule is still under review and not yet implemented.
May 5th, 2026

Pune RTO has warned Uber for not following government-approved fare rules, while Ola and Rapido have complied. Authorities may fine drivers or ask them to stop using the app, and Uber could face deactivation locally. The move aims to ensure fair pricing, protect passengers, and regulate app-based cab services amid ongoing fare disputes in the city.
May 5th, 2026

Vadodara railway station has launched Gujarat's first 24x7 digital lounge with airport-style amenities like Wi-Fi, workspaces, resting pods, and conference rooms. Operated on a pay-per-use model, it enhances comfort and productivity for passengers. The initiative reflects Indian Railways' push toward modern, tech-enabled infrastructure and improved travel experiences across major stations.
May 5th, 2026

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