Daily Current Affairs – May 29, 2026

India's money gaming firms are worried about directors facing tax demands. A Supreme Court ruling upheld a 28% GST on bets. This could mean personal liability for company board members if taxes remain unpaid. Companies are hoping for relief from the ruling's details. The government's amnesty scheme might offer a way out for earlier periods.

India and South Korea will work to reduce the trade gap. Both nations will form special groups to boost cooperation in digital trade, supply chains, and industries. This comes as part of efforts to upgrade their economic partnership. The goal is to increase trade significantly by 2030. Discussions also covered goods, services, and investment rules.

In Kerala, West Bengal and several other places across India, the FIFA World Cup is a homecoming — of fan clubs, midnight screenings, bike rallies and WhatsApp groups that spring back to life every four years

Recent unseasonal rains have left heaps of paddy, maize, and sunflower crops soaked and sprouting at the centers, yet the government has failed to respond

“We have seen disruptions in several industries that rely heavily on gas consumption," says Transport Corporation of India MD Vineet Agarwal 

Wipro ADRs surged up to 18.5% after the IT major announced an expanded partnership with ServiceNow to scale agentic AI workflows across enterprise functions. The collaboration strengthens automation in IT, HR, procurement and cybersecurity, and could drive positive sentiment and potential upside in Wipro shares as markets react on Friday.

India’s creator economy is increasingly feeding into corporate hiring as many creators look for stable incomes beyond brand deals, while companies build in-house content teams to keep up with fast-moving internet trends at lower costs than traditional agencies.

India is the world’s biggest importer of edible oil, shelling out ₹1.7 trillion for the greasy stuff in FY26. But three decades ago, it had nearly become self-sufficient in producing cooking oils. We trace how the country lost that hard-won atmanirbharta—and why reclaiming it will be a tall task.

In Kerala, West Bengal and several other places across India, the FIFA World Cup is a homecoming — of fan clubs, midnight screenings, bike rallies and WhatsApp groups that spring back to life every four years