The Sensex and Nifty 50 indices extended morning losses, dropping over 1% on Thursday. The Sensex fell 1,062.22 points to 72,404.17, while the Nifty 50 closed at 21,957.50, down 345 points. The broader market underperformed, with Nifty Small Cap 100 and Nifty Midcap 100 losing 2.83% and 1.85%, respectively. The decline is attributed to ongoing election uncertainty and subdued Q4 results from large-cap companies, denting investor morale. This marks the lowest point for the indices in three weeks, with analysts predicting continued losses. The market's momentum is expected to continue downward due to these factors.

Rekha Jhunjhunwala, wife of late investor Rakesh Jhunjhunwala, suffered a significant loss on Monday as Titan Company's shares declined by over 7%. Her 5.35% stake in the company, worth ₹16,792 crore on Friday, reduced to ₹15,986 crore. Titan's shares tanked after its March quarter earnings failed to impress investors, wiping out over ₹22,000 crore from its market capitalization. The company's consolidated profit after tax rose 5% to ₹771 crore in the March quarter, while its total income increased to ₹11,472 crore. Despite this, the stock's decline resulted in a substantial loss for Ms. Jhunjhunwala.

Zee Media Corporation Ltd has terminated CEO Abhay Ojha's employment, effective May 4, 2024, without specifying reasons. Ojha, promoted as CEO last year, joined the company in 2022 as Chief Business Officer. The board confirmed his cessation as CEO in a meeting today. Piyush Choudhary, Chief Manager – Legal, resigned last month. Zee Media's shares closed 1.36 percent lower at Rs 10.90 on BSE. Ojha's departure follows recent changes in the company's leadership, signaling potential shifts in strategy or management direction.          

Today, the stock market faced a sharp downturn, with the S&P BSE Sensex plunging by 1,010 points to 73,601 at 1:56 pm. The NSE Nifty50 also fell over 250 points to 22,394, following a record high earlier in the day. Experts attribute this drastic shift to increased volatility, fueled by pre-election anxieties and global speculation about the timing and impact of the season's first Fed rate cut. Domestic factors such as Q4 results, election result uncertainties, and high levels of margin trading further contributed to the market's rollercoaster ride.

Google's parent company, Alphabet Inc, has reportedly terminated around 200 employees from its core team and relocated certain positions overseas, including to India and Mexico. The layoffs, focused on the engineering team at its California headquarters, come amidst a cost-cutting initiative. Google plans to hire replacements in India and Mexico, aiming to operate closer to partners and developer communities. The move follows a broader trend of job cuts in the technology sector, with companies like Tesla, Intel, Amazon, and Apple also downsizing their workforce, reflecting ongoing market challenges.

The Godrej family, after 127 years, has decided to split their conglomerate. Adi and Nadir Godrej will retain Godrej Industries and its five listed firms, while cousins Jamshyd and Smita will control unlisted Godrej & Boyce and its affiliates, along with a substantial land bank. Jamshyd will lead Godrej & Boyce, with Smita's daughter Nyrika Holkar as executive director. Pirojsha Godrej, Adi's son, will succeed Nadir as chairperson of Godrej Industries Group in 2026. This ownership realignment aims to streamline operations and focus on respective business interests.            

Domino's Pizza exceeded Wall Street expectations in Q1 with a 5.6% increase in U.S. same-store sales, driven by a revamped loyalty program and enticing promotions. CEO Russell Weiner noted growth in orders across all income groups. Analysts had forecasted a 4.04% rise. Initiatives like the updated loyalty program and a partnership with Uber Eats boosted delivery demand. Promotions, like offering a $3 coupon for online tips over $3, further bolstered consumer interest amid inflation concerns, defying the broader downturn in eating out.

Patanjali Foods Limited is considering acquiring Patanjali Ayurved Limited's non-food business, which covers products like toothpaste and shampoo. The board has preliminarily approved the idea, giving the green light for further examination. They've authorized a thorough investigation, including hiring professionals to assist, and are currently discussing the specifics of the deal. Once all the details are ironed out, they'll report their findings to the higher-ups for final consideration. If the acquisition goes through, it could have significant implications for both companies, potentially altering their product offerings and business strategies. This move represents a strategic opportunity for Patanjali Foods to expand its portfolio and market presence.

Air India's $400 million plan to upgrade its Boeing 777 and 787 aircraft with new seats and entertainment systems faces delays due to certification issues. The refurbishment, originally scheduled for August, will now commence next year, affecting long-haul flights. Meanwhile, the airline will begin reconfiguring Airbus A320 aircraft later this year. The delay hampers efforts to enhance passenger experience amidst complaints of broken seats and malfunctioning entertainment systems. While the exact cause of the certification delay remains unclear, Air India aims to introduce premium economy cabins and retain first-class cabins as part of the upgrade.

Indian-origin billionaire Ankur Jain, CEO of Bilt Rewards, tied the knot with former WWE wrestler Erika Hammond in a grand ceremony by the Great Pyramids in Cairo. The extravagant event, themed 'Modern Cairo', featured captivating performances by belly and fire dancers. Notable attendees included celebrities like Lance Bass and Shark Tank investor Kevin O'Leary. Guests were transported via private jet from an African safari, despite a brief delay due to government restrictions. Breaking tradition, the couple opted for a non-traditional wedding, foregoing a bridal party and wedding cake. The lavish celebration marked a union of two distinct worlds in style.