Daily Current Affairs – May 20, 2026

Narendra Modi and Giorgia Meloni are set to strengthen diplomatic and trade relations during Modi’s visit to Rome by upgrading India-Italy ties to a special strategic partnership. The visit will focus on expanding cooperation in trade, investment, artificial intelligence and the India-Middle East-Europe Economic Corridor (IMEC), a project aimed at improving trade links between India, the Gulf and Europe.

If necessary, the government can impose higher duties or selective restrictions to curb such imports. India's merchandise trade deficit widened to $28.4 billion in April, from $20.7 billion in March, adding to balance of payments concerns amid portfolio outflows and tepid foreign direct investment.

Naren Dhar, an Assistant Protocol Officer at the Indian mission, was found in front of a bathroom door early in the morning on the second floor of the old visa centre building of the diplomatic mission

High Power Microwave systems represent a strategically significant directed-energy capability and are considered a strategic asset owned by only a limited number of countries today, Tonbo Imaging said

Naren Dhar, an Assistant Protocol Officer at the Indian mission, was found in front of a bathroom door early in the morning on the second floor of the old visa centre building of the diplomatic mission

The State Department confirmed that Marco Rubio would participate on Friday (May 22, 2026) in talks among NATO Foreign Ministers in Helsingborg, Sweden, which will prepare for a NATO summit in Turkey in July

Five Nifty500 stocks featured in the RSI Trending Up scan on May 19 after gaining over 5%. The RSI moved above the 50 mark from lower levels, signalling improving momentum, strengthening price action, and potential short-term buying opportunities for traders tracking bullish technical setups and momentum-based market trends.

Elon Musk plans to take SpaceX public with a valuation of nearly $1.75 trillion. This ambitious figure is drawing scrutiny from Wall Street analysts. SpaceX's potential lies in its control of space access and the growing space infrastructure market. Starlink, its satellite internet service, is a key revenue driver.

Direct-to-device satellite technology has opened up divisions, as telecom operators, satellite service providers and broadband firms spar over customer control, spectrum, and launch timelines.

India’s top engineering institutes are moving beyond incubation to take equity stakes in startups emerging from their own ecosystems, betting on rising investor interest in deeptech sectors such as semiconductors, defence and spacetech.

India’s interest in the sport — in terms of fans, finance, venues, television interest — is of such a magnitude that it effectively runs world cricket. The interest shown by the BBL is hardly unique