Business

Financial Services Secretary M Nagaraju on Thursday warned banks and financial institutions to strengthen cyber security systems and operational resilience, cautioning that advanced artificial intelligence models such as Anthropic’s “Mythos” could pose serious risks to the banking sector if released publicly, PTI reported.Addressing the Indian Banks’ Association (IBA) conference on Risk Management in Mumbai, Nagaraju…

SBI employees’ strike: Employees of State Bank of India (SBI), the country’s largest public sector lender, have announced a two-day nationwide strike on May 25 and 26, raising concerns over staffing shortages, outsourcing, pension-related issues and working conditions, according to an ET report.The strike has been called by the All India State Bank of India…

Meanwhile, the US Treasury Secretary Scott Bessent said that America had sent warning letters to two Chinese banks. (AI image) Amid Trump’s sanctions, China’s financial regulator has reportedly instructed the country’s biggest banks to temporarily halt fresh lending to five refineries that have been targeted by recent US sanctions over their links to Iranian crude…

NEW DELHI: The newly approved Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 could benefit nearly 1.1 crore MSME accounts by providing additional credit support to businesses affected by the ongoing West Asia conflict, according to a report by the State Bank of India (SBI).The Union Cabinet on Tuesday approved ECLGS 5.0 to offer extra working…

On the weekly chart, MCX Gold is trending sideways to bullish, bouncing from recent lows and pushing back toward the recent swing high within its broader range. (AI image) Gold and silver price prediction today: Gold and silver prices may continue to rise, with both precious metals exhibiting a bullish bias, says Abhilash Koikkara, Head…

Oil prices moved higher by nearly $1 in early Thursday trading, recovering part of the steep decline recorded in the previous session, as markets continued to assess whether efforts toward a Middle East peace agreement would ultimately succeed. By 0032 GMT, Brent crude futures had climbed 88 cents, or 0.9%, to $102.15 a barrel, while…

Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities, said gold witnessed a sharp recovery after geopolitical worries began to cool, leading to a reversal in several macroeconomic factors that had weighed on precious metals in recent sessions. Silver too maintained its upward momentum for the third consecutive session. Prices of the white metal advanced…

Top stocks to buy (AI image) Top stock market recommendations: Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group has picked Godrej Properties, V-Mart Retail, and Dr Reddy’s Laboratories as the top stock recommendations for May 7, 2026. The analyst has also shared his outlook for Nifty, Bank Nifty. Let’s take…

Bengaluru: Paytm parent One97 Communications reported its first full year of profitability since listing, even as the fintech company continued to deal with the fallout of regulatory action on Paytm Payments Bank and pivoted further towards merchant payments, lending distribution and artificial intelligence-led automation.The company reported total income of Rs 9,291 crore for FY26, up…

Bengaluru: Tier-2 cities and rising demand for white spirits such as vodka and gin are emerging as key growth drivers for India’s alco-beverage industry, according to Radico Khaitan managing director Abhishek Khaitan, as changing consumer preferences reshape drinking patterns beyond metros.The maker of Magic Moments vodka and Rampur Indian single malt reported its highest-ever annual…