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Claude Mythos threat: Government banks to ramp up IT spending
In light of global concerns over Anthropic's Claude Mythos AI tool and its potential implications for financial data security, public sector banks in India are gearing up to ramp up their IT spending.
Market cap of India's top 4 firms up ₹2.2L crore
The combined market capitalization of four out of India's top 10 most valued companies, including Reliance Industries, surged by ₹2.20 lakh crore last week.
Coal gasification incentive scheme worth ₹37,500cr to be approved soon
The Union Cabinet is likely to approve a massive ₹37,500 crore incentive scheme for coal gasification projects.
Punjab & Sind Bank eyes ₹3L crore business this year
Punjab & Sind Bank, a state-owned lender, has set an ambitious target to achieve a total business of ₹3 lakh crore by the end of the current financial year.
OPEC+ to raise oil output targets amid US-Iran war fallout
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, are expected to announce a modest increase in oil production.
India allows 100% FDI in insurance sector
The Indian government has announced a major change in the foreign direct investment (FDI) policy for the insurance sector.
India tightens FDI rules for Pakistan, other land-border countries
India has tightened its foreign direct investment (FDI) norms for countries sharing a land border, with specific provisions for Pakistan.
India data centre boom follows Google Cloud $15 billion project
India's data centre boom in FY26 has significantly improved the financial performance of network solutions providers, driven by increased demand for digital infrastructure.
Berkshire Hathaway CEO takes cautious AI stance
Berkshire Hathaway's CEO Greg Abel has shared the company's cautious approach toward artificial intelligence (AI) and its future growth prospects.
Finance Ministry calls for faster case resolutions in DRTs
The Finance Ministry has called for quicker case resolutions in Debt Recovery Tribunals (DRTs).
India's 5th-gen stealth fighter jets to be produced in Andhra
India's fifth-generation stealth fighter jets will now be manufactured in Puttaparthi, Andhra Pradesh.
Delhi Police arrest 3 in fake trading scam over ₹45L
Delhi Police have arrested three individuals, including a bank official, for allegedly defrauding a retired government officer of over ₹45 lakh through a counterfeit trading app.
Chinese court rules employers cannot fire workers over automation
China's Hangzhou Intermediate People's Court has ruled that it is illegal for companies to replace employees with artificial intelligence, prioritizing worker rights.
R Balasubramaniam, Joram Aniya: Who are new NITI Aayog members?
The Central government has appointed Joram Aniya and R Balasubramaniam as full-time members of the NITI Aayog.
Microsoft expands Copilot 365 rollout to 743,000 Accenture employees
Accenture is rolling out Microsoft's AI assistant, Copilot 365, to approximately 743,000 employees. CEO Julie Sweet reports that the tool has already enhanced team productivity.
Punjab & Sind Bank targets ₹3L/cr business by March 2027
Punjab & Sind Bank aims to surpass a total business of ₹3 lakh crore in FY27, driven by anticipated credit growth and deposit expansion.
OPEC+ to modestly boost output after Strait of Hormuz disruption
OPEC+ plans to increase oil output for the third consecutive month, despite ongoing U.S.-Iran conflict disrupting Gulf supplies.
Bombay HC bars rival cement maker from using UltraTech's trademarks
The Bombay High Court has ruled in favor of UltraTech Cement, one of the world's largest cement companies by sales volume and capacity (excluding China).
India tightens Pakistani investment rules, bans defense space atomic energy
India has revised its foreign investment rules, requiring government approval for investments from Pakistan and other border-sharing countries, while excluding sensitive sectors.
NVIDIA's pivot to physical AI sparks tech rally in Asia
NVIDIA's expansion into physical artificial intelligence (AI) has sparked a rally in Asian tech stocks.
NVIDIA CEO Jensen Huang urges US China talks on AI
Nvidia CEO Jensen Huang suggests that the key to easing the US-China AI race is dialogue, emphasizing the need for both nations to agree on unacceptable uses of AI.
Tesla made $570M from SpaceX, xAI deals last year
Tesla generated over $573 million in revenue last year by selling products to two of Elon Musk's other companies.
Vedanta ends 30% dividend pledge for board decided flexible policy
Vedanta Ltd is revising its dividend policy, moving from a guaranteed minimum payout of 30% profit to a more flexible, board-driven approach.
Who is Shivon Zilis, key witness in Musk-OpenAI legal battle?
As the legal battle between Elon Musk and OpenAI continues in a California federal court, one name has emerged as a key witness: Shivon Zilis.
Nirmala Sitharaman urges action after Claude Mythos exposes vulnerabilities
Indian public sector banks are escalating their IT investments in response to potential cybersecurity risks posed by Anthropic's AI tool, Claude Mythos.
Why Tata Sons may have to go for IPO soon
The Reserve Bank of India (RBI) has updated its definition of shadow lenders, and the change could have major implications for Tata Sons.
PAN now mandatory for these financial transactions in India
The Indian government has made it mandatory to quote a Permanent Account Number (PAN) for several financial transactions.
Bombay High Court orders Shiv Cement to pay UltraTech ₹66.48L
UltraTech Cement has won a significant legal battle against Shiv Cement Co., with the Bombay High Court barring the latter from using 'Ultra'-branded trademarks.
Cerebras plans $4B IPO as AI chip demand surges
Cerebras Systems, a leading player in the AI chip industry, is gearing up for a major public offering.
Four top Indian firms add ₹2.2L/cr as Reliance Industries leads
Four of India's top-10 valued firms, including Reliance Industries, saw a combined market capitalisation increase of ₹2.20 lakh crore last week.
Alphabet nears $5 trillion after Google Cloud tops $20 billion
Alphabet Inc. is nearing a $5 trillion market capitalisation after strong Q1 results, potentially surpassing Nvidia to become the world's most valuable company.
How digitalization improved MSME productivity in India: IMF study
A recent working paper from the International Monetary Fund (IMF) has highlighted how India's public administration digitalization reforms have improved productivity in micro, small, and medium enterprises (MSMEs).
Modi government eases FDI via automatic route for these firms
The Indian government has amended the Foreign Exchange Management Rules, allowing foreign companies with a Chinese or other land-bordering country (LBC) shareholding of up to 10%, to invest in India through the automatic route.
First OPEC+ meeting since UAE's exit today: What to expect?
Seven OPEC+ countries are convening today to set new oil production quotas.
Swiggy elevates veteran Swapnil Bajpai to CEO of Dineout, Scenes
Swiggy has promoted its veteran executive, Swapnil Bajpai, to the position of Chief Executive Officer (CEO) for Dineout and Scenes.
DMart parent's Q4 results: Profit rises 19% YoY to ₹657cr
Avenue Supermarts Limited, the parent company of DMart, reported mixed financial results for the March quarter.
'Keep me awake': Kotak Bank CEO on rising AI threats
Kotak Mahindra Bank's MD and CEO, Ashok Vaswani, has expressed his concerns over the rapid evolution of artificial intelligence (AI) tools, including Claude and Mythos.
Berkshire Hathaway's cash pile hits record high under new CEO
Berkshire Hathaway, the multinational conglomerate led by Greg Abel, has reported a record high in its cash reserves.
Indian IT firms warn FCC proposal could limit India-handled calls
Indian IT firms and industry bodies are rallying against a proposed US Federal Communications Commission (FCC) rule aimed at limiting the use of offshore call centres.
Central banks hold rates amid Iran war and energy risks
The European Central Bank (ECB) is contemplating raising interest rates amidst varying global economic growth and geopolitical influences.
RBI redefines shadow lenders effective July 2026 challenges Tata Sons
The Reserve Bank of India's (RBI) recent rule changes for shadow lenders may compel Tata Sons Pvt. to consider an initial public offering (IPO).
Google, Meta, Microsoft and Amazon posted strong quarterly AI gains
The Q1 2026 earnings reports from tech giants Google, Meta, Microsoft, Amazon, and Apple reveal increased AI spending and significant cloud revenue growth.
Asian suppliers now cover nearly 90% of NVIDIA's production costs
Nvidia's increased reliance on Asian suppliers for production costs has sparked a rally among its partners in the region, as the chip giant pushes into physical AI.
Shivon Zilis emerges as key witness in OpenAI mission lawsuit
Shivon Zilis, a Punjabi-origin tech executive and mother to Elon Musk's children, has emerged as a crucial witness in the ongoing OpenAI lawsuit.
India permits 10% Chinese holdings without approval starting May 1
The Indian government has updated foreign direct investment (FDI) rules, allowing companies with up to 10% Chinese holding to invest via the automatic route.
FPIs pull out ₹13,944cr from Indian market this week
Foreign portfolio investors (FPIs) have pulled out ₹13,944.59 crore from the Indian markets during a holiday-shortened trading week ending April 30.
Net leasing of Delhi-NCR's office spaces down 60%: Here's why
Delhi-National Capital Region (NCR) has witnessed a significant decline in its office market during the first quarter of this year.
India and Ecuador might ink a preferential trade agreement
India and Ecuador are considering a preferential trade agreement (PTA) to strengthen their economic ties.
Why SpaceX has been sued by homeowners in Texas
More than 70 residents in Texas have sued Elon Musk's SpaceX, claiming that the noise and vibrations from its Starship rocket launches and landings have damaged their homes.
Could eBay be acquired by video game retailer GameStop?
GameStop is said to be preparing an offer for eBay, as CEO Ryan Cohen looks to boost the struggling video game retailer's market value more than tenfold.
Centre appoints Rohit Jain as new RBI Deputy Governor
The Indian government has appointed Rohit Jain as the new Deputy Governor of the Reserve Bank of India (RBI). His three-year term will begin on May 3.
Kotak Mahindra Bank posts 13% rise in March-quarter profit
Kotak Mahindra Bank has reported a 13.4% year-on-year (YoY) increase in its net profit for the March quarter.
Axis Bank opens its 1st digital locker-focused branch
Axis Bank has launched its first-ever digital locker-focused branch in New Delhi.
India's fintech sector raised $500M in Q1 2026
India's fintech industry has raised $513 million in the first quarter of 2026, a report by market intelligence firm Tracxn revealed.
RBI shifts strategy: Cuts central deposits, boosts US Treasury bets
In a major shift, the Reserve Bank of India (RBI) has reduced its deposits with other central banks and increased its investments in US Treasury bills.
Apple faces 30+ lawsuits over AirTag stalking claims
Apple is facing more than 30 separate lawsuits from individuals who claim to have been stalked using the company's AirTag device.
Spirit Airlines ceases operations after failing to secure federal bailout
Spirit Airlines, a major player in the US aviation industry, has announced its decision to cease operations.
Air India to cut more flights amid fuel costs, disruptions
Air India is set to further reduce its flight schedules in June and July.
Foreign investors withdraw ₹60,800cr from equities in April
Foreign Portfolio Investors (FPIs) have pulled out a whopping ₹60,847 crore ($6.5 billion) from Indian equities in April.
Eating at Andhra Pradesh hotels is about to become costlier
The Andhra Pradesh Star Hotels Association has announced plans to increase menu prices by up to 10%.
Why UPI transactions saw a MoM dip in April
India's digital payment landscape witnessed a slight dip in April, with Unified Payments Interface (UPI) transactions seeing a minor month-on-month decline.
Fashion brand Superdry's co-founder convicted of rape
James Holder, the co-founder of popular fashion brand Superdry, has been convicted of rape.
RBI announces 98.47% of ₹2,000 notes have been returned
The Reserve Bank of India (RBI) has announced that 98.47% of the ₹2,000 banknotes in circulation have been returned.
Jindal Steel's Q4 results: Net profit stands at ₹1,045cr
Jindal Steel has reported a consolidated net profit of ₹1,045 crore for the March quarter. The figure is a major improvement from the loss of ₹339 crore in Q4 FY25.
Meta acquires AI robotics start-up to boost humanoid efforts
Meta has acquired Assured Robot Intelligence. The start-up specializes in artificial intelligence (AI) models for robots.
Adani Group overhauls organizational structure to boost growth
Billionaire Gautam Adani's conglomerate, the Adani Group, has announced a major overhaul of its operating model.
Ujjwal Jain, head of PhonePe's stockbroking platform, resigns
Ujjwal Jain, the CEO of PhonePe's stockbroking platform Share.Market and wealth management verticals, has resigned from his position.
RBI tightens auto-pay rules under new digital payments framework
The Reserve Bank of India (RBI) has announced changes to its electronic auto-pay transactions.
India's GST revenue hits an all-time high of ₹2.43 trillion
India has registered a record ₹2.43 trillion in Goods and Services Tax (GST) revenue for April 2026, according to data released by the Finance Ministry.
Meta raises $25B in debt to fund AI expansion
Meta Platforms has raised $25 billion through an investment-grade bond sale. The move is part of Meta's aggressive push into artificial intelligence (AI) infrastructure.
Vodafone Idea gets ₹23,649cr AGR relief, dues cut to ₹64,046cr
Vodafone Idea has announced a major reduction in its Adjusted Gross Revenue (AGR) dues.
Centre slashes export duties on diesel, aviation turbine fuel
The Indian government has announced a reduction in export duties on diesel and aviation turbine fuel (ATF).
Apple posts $111B revenue, $29.6B profit in Q2; beats expectations
Apple has announced a stellar performance for the second quarter of fiscal 2026, which ended on March 31.
Apple will channel Trump tariff refunds back into US economy
Apple is seeking refunds for the tariffs it paid under Donald Trump's trade policies.
Sex harassment suit against JPMorgan exec branded 'complete fabrication': Report
The allegations of sexual abuse made by a former JPMorgan employee against a senior executive, Lorna Hajdini, have been branded a "complete fabrication," the New York Post reported.
Apple's Mac sales soar due to AI workloads
Apple's latest earnings report has revealed a surprising spike in demand for its Mac computers, driven largely by artificial intelligence (AI) workloads.
Intel stock surges 114%, doubles investor wealth in April
Intel has witnessed an unprecedented surge in its stock price, with a whopping 114% increase in April. This marks the company's best month since it went public on the NASDAQ nearly 55 years ago.
Meta won't rule out more layoffs after 10% job cuts
Meta, the parent company of Facebook, is preparing to cut around 10% of its workforce this month.
What Tim Cook wants Apple's incoming CEO to focus on
As Tim Cook prepares to hand over the reins of Apple to John Ternus, he has shared some valuable advice.
JPMorgan executive accused of making junior employee 'sex slave' responds
Lorna Hajdini, a high-ranking executive director at JPMorgan Chase, has vehemently denied allegations of sexual coercion made against her in a recent lawsuit by a former colleague.
Warner Bros. CEO's pay package triples to $165M
David Zaslav, the CEO of Warner Bros. Discovery (WBD), saw his pay package more than triple in 2025 to $165 million.
Air India to cut 100 flights as fuel costs surge
Air India is planning to reduce its flight operations by nearly 100 flights a day, owing to the skyrocketing jet fuel prices.
Apple accuses CCI of overstepping in $38B penalty case
Apple has accused the Competition Commission of India (CCI) of overstepping its jurisdiction by demanding financial data in an antitrust case related to the iPhone app market.
RBI shifts over 100MT of gold to domestic vaults
The Reserve Bank of India (RBI) has repatriated a massive 104.23 metric tons of gold to the country between October 2025 and March 2026.
Commercial LPG cylinder price hiked by ₹993 to ₹3,072
The price of a 19kg commercial LPG cylinder has been increased by ₹993, effective from May 1. The revised rate now stands at ₹3,071.50 in Delhi.
Meta's stock dips as it plans billions more in AI
Meta, the parent company of Facebook and Instagram, has witnessed a major dip in its stock price.
Cars24 co-founder Mehul Agrawal steps down as IPO nears
Mehul Agrawal, the co-founder of Cars24, has stepped down from his operational role in the SoftBank-backed used-car marketplace.