After a decade-long chase, police arrested Ravi Soni -- the last accused of theft of five massive industrial nuts, each weighing nearly 5,000 kilograms, from Bhilai Steel Plant in Chhattisgarh.

Soni had been evading capture since his involvement in the case. His long period of hiding was finally cut short when police acted on fresh intelligence, tracked him to his hideout.

Soni, along with four accomplices, conspired in the theft of five massive industrial nuts from the plate mill’s spare yard, valued at an astonishing combined value of Rs 65 lakh.

While his associates had already been arrested, Soni had managed to stay hidden until now.

The mutual fund (MF) industry ended fiscal 2025 on a high note, with assets under management (AUM) hitting a record Rs 65.74 lakh crore in March 2025, as per the Association of Mutual Funds in India’s (AMFI) annual report released on Monday.

This marked a strong 23.11 per cent rise compared to Rs 53.40 lakh crore in March 2024.

This growth came despite a volatile stock market, showing that investors stayed committed to their financial goals.

Venkat N Chalasani, CEO of AMFI, said the outlook remains positive, with more investors entering the market and macroeconomic conditions staying supportive.

The Regional Meteorological Centre (RMC) in Chennai has forecast heavy rainfall at isolated locations across several districts in western Tamil Nadu over the next two days.

According to the latest bulletin, districts including Nilgiris, Coimbatore, Tiruppur, Theni, Dindigul, Erode, Krishnagiri, and Dharmapuri are likely to receive heavy downpours on Monday and Tuesday.

The broader weather outlook for Tamil Nadu, Puducherry, and Karaikal suggests light to moderate rain at a few places across the region till May 22.

The showers, while bringing relief from the summer heat, are expected to be sporadic.

Heavy rains that lashed Bengaluru overnight led to severe waterlogging across several parts of the city on Monday, disrupting traffic and throwing normal life out of gear on the first working day of the week.

Key arterial roads, tech parks, and residential areas were inundated, with commuters facing long delays during peak hours. Among the worst-hit locations was Manyata Tech Park, prompting the Bengaluru Traffic Police to issue an advisory urging motorists to take alternative routes.

Traffic disruptions were also reported from Mahadevapura -- home to numerous tech firms -- as well as Bommanahalli, Yelahanka, Bengaluru East Division, Shantinagar, and Koramangala. In low-lying parts of the Nagawara ward under the Sarvajnanagar Assembly Constituency, residents were forced to evacuate as water entered their homes.

India has made notable progress in enhancing its competitiveness and making its manufacturing sector more attractive to global investors, an S&P Global report said on Monday.

While manufacturing value added accounts for a modest 17.2 per cent of the country’s real gross domestic product (GDP), the government has implemented targeted policy interventions to build domestic manufacturing capacity and strengthen India’s role in global supply chains.

Beyond the near-term impact, therefore, India can benefit from the increasing trade protectionism, which may catalyse supply-chain diversification, according to the report.

Television actress Disha Parmar took to social media to share a candid glimpse into her life as a mother, revealing she hasn’t had a proper night’s sleep in over two years.

The 'Bade Achhe Lagte Hain 2' actress is embracing the joys and challenges of motherhood, and she’s not shying away from sharing the real side of it. In a recent candid post, Disha spoke about how her sleep schedule has completely changed since becoming a mom. On Monday, the actress took to her Instagram stories and shared a note that read, “It’s been over 2 years since I last slept well! That uninterrupted 8–9 hrs of sleep... I don’t remember what that’s like or waking up fresh without the cries! Urgh. Waiting for that to come back… hopefully soon!”

At least five people were killed in two separate road accidents in Andhra Pradesh and Telangana on Monday, officials said.

Three people were killed in an accident in Nandyal district of Andhra Pradesh, while two died in an accident in Telangana’s Mulugu district. A total of 18 people were injured in the two accidents.

A car overturned in the Nandyal district of Andhra Pradesh, killing three people and injuring three others. The accident occurred near Pododdi village in Peapully mandal.

The deceased have been identified as Santosh (47), Lokesh (37), and Naveen (37), all residents of Tumakuru in Karnataka.

The injured were admitted to a hospital in Nandyal. They belonged to the same family and were returning to Karnataka via Dhone after a darshan at Srisailam and Mahanandi temples.

India's apparel and home textiles exports to the UK are expected to double from the current levels in the next 5-6 years, with the bilateral free trade agreement (FTA) scheduled to become operational in calendar year 2026, according to an ICRA report.

Currently, Indian textile exports to the UK face 8-12 per cent duties, but with 99 per cent of goods, including textiles, gaining zero-duty access under the FTA, India will achieve parity with competitors like Bangladesh, Vietnam and Pakistan, the report states.

China leads UK textile imports with a 25 per cent market share, closely followed by Bangladesh, which has a 22 per cent share. Turkey and Pakistan, with 8 per cent and 6.8 per cent share respectively, are the other major exporters. The FTA will enable India’s textile exports to become more competitive in the UK, leading to an increase in market share.

India is currently the 12th largest trading partner of the UK and ranks fifth in apparel and home textiles imports, with $1.4 billion worth of exports in 2024, which constitutes a 6.6 per cent share of the UK’s textile imports.

RVAI Global, a new venture in the AI Services space and a next-generation AI services firm, on Monday, announced its official launch with a mission to empower global enterprises in becoming AI-led organisations.

The company aims to simplify the AI journey for businesses through cutting-edge solutions, deep-tech capabilities, and a customer-first approach.

Founded by Vijay Sivaram, part of the founding team at Quess Corp, and Rohit Himatsingka, formerly with Essar’s Black Box, RVAI Global is poised to address the dynamic technology landscape by delivering practical, scalable, and future-ready AI solutions.

“It is estimated that 92 per cent of enterprises intend to increase their investments in AI. The future of enterprises and their workforce will be shaped by agentic platforms working seamlessly alongside human talent. This synergy will unlock new levels of productivity, efficiency, and decision-making -- placing RVAI at the heart of this transformation,” said Vijay Sivaram, Co-founder, RVAI Global.

Following healthy collections from customers along with receipt of overdue payments, credit rating agency ICRA on Monday revised the outlook on the Indian telecom tower industry to ‘Stable’ from ‘Negative.’

The industry was earlier facing headwinds owing to elongated receivables, on account of delays in payments by some of the telecom service providers.

However, the situation has improved materially with consistent timely payments to the tower companies resulting in reduction of receivable days to around 45-60 days, lower than the ICRA’s negative outlook threshold of 80 days.

This, coupled with recovery of the past overdues, has enhanced the liquidity profile of the telecom tower industry and moderated the reliance on external debt, which is likely to translate into improvement in the return metrics of the industry.

ICRA expects the tower industry to report an operating income growth of 4-6 per cent with operating margins (adjusting for energy revenues) at around 70-75 per cent for FY2026.