Daily Current Affairs – May 6, 2026

US Deputy Secretary of State Christopher Landau stated that the US and India are "very, very close" to signing a trade deal, needing to overcome a "last hurdle." Negotiations have been ongoing for months, with both sides aiming to finalize the agreement and address other bilateral issues.

As per the updated standard operating procedure (SOP) for processing FDI applications, the government has also rolled out reporting guidelines for investments in India from a company having any direct or indirect ownership by a citizen or an entity of a country sharing a land border with India.

Assam CM Himanta likely to submit resignation to Governor today; Congress CM race intensifies in Kerala

For the first time, Mamata Banerjee has spoken about strengthening the Opposition alliance; the statement is significant as it comes after her defeat in the West Bengal Assembly election

Lifelong learning should be elevated as a strategic policy priority, ILO tells governments; study finds only 16% of workers had any structured training in past year; highlights inequalities in access to learning

Kumar Mangalam Birla has returned as the non-executive chairman of Vodafone Idea, five years after his previous resignation. This leadership change comes as the company navigates significant financial challenges, including government equity stakes and reassessments of its Adjusted Gross Revenue (AGR) dues. The company's board also saw Ravinder Takkar step down as chairman, moving to vice chairman.

Mahindra & Mahindra's Q4 FY26 results met top-line expectations with strong volume growth. However, rising aluminium and steel prices pose a near-term risk to margins, with the full impact expected in Q1 FY27. Investors will be watching EV plans, farm equipment outlook amid El Niño, and raw material inflation management.

Amid the hype surrounding these glucagon-like peptide-1 (GLP-1) receptors' efficacy for weight loss, the government has documented around 400 reports of adverse drug reactions (ADRs) potentially linked to the medication that is now being clinically evaluated, officials said.

RBI's proposed framework will apply only to assets against exposures that have been classified as non-performing assets (NPAs) and for which other recovery options have been explored and found to be unviable.

Olympians Mairaj Ahmad Khan and Raiza Dhillon finished highest among the Indian shooters

In the U-15 boys’ competition, Nongpoknganba Meitei Oina (46kg) secured a convincing 5:0 victory over Kazakhstan’s Abdurakhman Vushanlo, while Parshant (49kg) achieved an identical 5:0 win against Bakdaulet Akhmet