NEW DELHI: Government has started to assess potential risks from advanced artificial intelligence (AI) models, such as Anthropic’s Mythos, with finance minister Nirmala Sitharaman and IT minister Ashwini Vaishnaw chairing a high-level meeting on Thursday with banks and regulators to review emerging threats from AI models.The meeting was attended by senior officials from the Reserve…
MUMBAI: Bank lending is back in favour. In FY26 it reclaimed primacy in financing India’s commercial sector, its share of total resource flows climbing to a three-year high, as per RBI’s April bulletin.The shift is stark. Total resource flows reached Rs 44.7 lakh crore in FY26, while nonfood bank credit surged to Rs 29.2 lakh…
MUMBAI: Reserve Bank of India ramped up dollar purchases in Feb, signalling a shift to rebuilding forex reserves after the rupee stabilised following the US–India trade deal announcement in the same month.Despite heavy spot purchases, net forward sales stood at $77.7 billion, indicating continued reliance on forward markets. While Feb did provide an opportunity for…
MUMBAI: With Brent crude hovering over $103/barrel and rupee below 94-to-a-dollar, sensex slid over 852 points (1.1%) on Thursday to 77, 664 points. Foreign funds were aggressive sellers with the net outflow at Rs 3, 255 crore, their biggest single-session net sell-off in two weeks, BSE and NSDL data showed.The fluid nature of the second…
Gold and silver prices slipped weighed down by a firm US dollar, Yields and persistent uncertainty around the Middle East conflict, as markets remained cautious over the prospects of fresh US-Iran peace talks. Bullion struggled for direction after President Trump announced an indefinite ceasefire extension, but with no clear diplomatic progress, as Iran demanded the…
BENGALURU: Infosys shares fell 6% in early NYSE trade after the company forecast broad-based revenue growth of 1.5% to 3.5% for FY27, while maintaining that underlying demand remains resilient despite geopolitical uncertainty. Its operating margin guidance remains unchanged at 20%-22%.For the March quarter, revenue grew 4.1% year-onyear in constant currency but declined 1.3% sequentially. In…
The sharp rise in global crude prices following the US-Iran conflict has sparked a surge in retail participation in India’s oil derivatives market, leading to a substantial increase in futures and options trading on domestic exchanges. Trading volumes in crude oil futures on the Multi Commodity Exchange of India rose dramatically in March. Average daily…
The Reserve Bank of India (RBI) has cautioned that possible second-round effects, where supply shocks could transform into demand-side pressures, require careful and continuous assessment amid the ongoing West Asia conflict, according to the April edition of its bulletin.The bulletin noted that while the ceasefire between the United States and Iran has provided some breather…
For FY27, the company has guided for revenue growth in the range of 1.5 to 3.5 per cent in constant currency terms. (AI image) Infosys Q4 results: India’s second largest IT services firm, Infosys, on Thursday reported a 20.8 per cent increase in consolidated net profit to Rs 8,501 crore for the January to March…
Good news for travellers: France scraps transit visa for Indian passport holders France has lifted the airport transit visa requirement for Indian nationals with effect from April 10, the French Embassy in India announced on Thursday.Indian nationals holding ordinary passports are no longer required to obtain an airport transit visa when passing through the international…
A ruling by the Supreme Court of the United States on February 20 struck down the reciprocal tariffs introduced by Donald Trump. (AI image) India-US trade deal: The Indian delegation’s visit to America for trade deal talks has concluded and US Trade Representative Jamieson Greer has called New Delhi a ‘tough nut to crack’. The…
The sustained fall in domestic production has pushed up reliance on imports. (AI image) Highlighting import dependence, India’s crude oil output has declined for the eleventh year in a row in 2025–26. Natural gas production has also slipped for the second consecutive year. The decline in output was largely due to depletion in older fields…
