The State Bank of India (SBI) presented a dividend cheque of Rs 8,813 crore to the government for the fin ...More

The State Bank of India (SBI) presented a dividend cheque of Rs 8,813 crore to the government for the financial year ending March 31, 2026. This follows SBI's reported 6% year-on-year rise in net profit for the January-March quarter of FY26, reaching Rs 19,684 crore. ...Less

India's economic outlook continues to evolve, with Finance Minister Nirmala Sitharaman highlighting the g ...More

India's economic outlook continues to evolve, with Finance Minister Nirmala Sitharaman highlighting the government's unwavering resolve to enhance economic policies. This declaration aligns with the Reserve Bank of India's recent downward adjustment of the FY27 GDP forecast. In a bid to woo foreign investors, the government has unveiled new tax relief on government securities. ...Less

Finance Minister Nirmala Sitharaman will soon review key schemes like Jan Dhan, Mudra, and PM Vishwakarma ...More

Finance Minister Nirmala Sitharaman will soon review key schemes like Jan Dhan, Mudra, and PM Vishwakarma in West Bengal. She will meet with public sector banks and regional rural banks. The Special Assistance to States for Capital Investment scheme will also be assessed. This review aims to boost capital infrastructure, expand entrepreneurial opportunities, and generate employment in the state. ...Less

The meeting, coming just over a month after the BJP stormed to power in West Bengal for the first time, a ...More

The meeting, coming just over a month after the BJP stormed to power in West Bengal for the first time, also dwelt on improving the credit availability across various sectors in the state and bolstering the implementation of central government schemes there, the finance ministry said in a statement. ...Less

SBI presented a dividend cheque of Rs 8,813 crore for the financial year 2025-26 to Union Finance Ministe ...More

SBI presented a dividend cheque of Rs 8,813 crore for the financial year 2025-26 to Union Finance Minister Nirmala Sitharaman. This payout follows SBI's strong financial performance for FY26. The bank reported a net profit of Rs 80,032 crore and an operating profit of Rs 1,23,015 crore. SBI's overall business crossed Rs 109 trillion during the year. ...Less

Finance Minister Nirmala Sitharaman announced over 58 crore Jan Dhan accounts have integrated millions in ...More

Finance Minister Nirmala Sitharaman announced over 58 crore Jan Dhan accounts have integrated millions into formal banking. The Pradhan Mantri Jan Dhan Yojana ensures welfare benefits, insurance, and pensions reach citizens directly. This initiative has empowered Indians, with 56% of account holders being women. India leads globally in poverty reduction. Ninety-four percent of adults now possess bank accounts. ...Less

Fuel prices have risen again. Union Finance Minister Nirmala Sitharaman highlighted the West Asia crisis ...More

Fuel prices have risen again. Union Finance Minister Nirmala Sitharaman highlighted the West Asia crisis impact. She stated this crisis means higher fuel costs for citizens. The government is foregoing Rs 1 lakh crore in revenue. This is due to excise duty cuts on petrol and diesel. The government aims to protect citizens and businesses. ...Less

In light of increasing global unrest from the West Asia crisis and fluctuations in the energy sector, Fin ...More

In light of increasing global unrest from the West Asia crisis and fluctuations in the energy sector, Finance Minister Nirmala Sitharaman is advocating for a concentrated approach to managing fuel, fertiliser, and foreign exchange resources. Prime Minister Modi's recent appeals to conserve foreign currency and reduce discretionary imports underscore this strategy. ...Less

The Congress party has responded to Finance Minister Nirmala Sitharaman's focus on fuel, fertiliser, and ...More

The Congress party has responded to Finance Minister Nirmala Sitharaman's focus on fuel, fertiliser, and forex. Party leader Jairam Ramesh highlighted a critical omission: the declining rates of private investment. He stated that businesses are hesitant to invest domestically due to economic concerns and a perceived negative atmosphere. This contrasts with the Finance Minister's view of a resilient Indian economy. ...Less

The inter-ministerial committee has officially sanctioned the acquisition of the Indian Medicines Pharmac ...More

The inter-ministerial committee has officially sanctioned the acquisition of the Indian Medicines Pharmaceutical Corporation by Skymap Pharmaceuticals for a whopping ₹121 crore, securing a 100% ownership stake. This pivotal transaction marks the first strategic sell-off of a public sector entity in FY25, with the award letter now in circulation. ...Less

India's government increased taxes on derivatives trading to control speculation. Data from April and May ...More

India's government increased taxes on derivatives trading to control speculation. Data from April and May shows trading volumes remained largely unchanged. While some futures saw a dip, options trading volumes remained strong. The Finance Minister stated the tax aims to deter excessive speculation and protect small investors from heavy losses. ...Less

Finance Minister Nirmala Sitharaman has called on banks to move beyond standard loan products. She emphas ...More

Finance Minister Nirmala Sitharaman has called on banks to move beyond standard loan products. She emphasized the need for repayment structures that align with the specific income cycles of different businesses. This initiative aims to provide tailored credit solutions for MSMEs, supporting their growth and contributing to a stronger middle class and a developed India. ...Less

Tamil Nadu Chief Minister C Joseph Vijay will visit New Delhi on Wednesday to meet Prime Minister Narendr ...More

Tamil Nadu Chief Minister C Joseph Vijay will visit New Delhi on Wednesday to meet Prime Minister Narendra Modi. Vijay will submit a memorandum outlining the state's demands. These include funding for welfare and infrastructure projects. Discussions will also cover developmental initiatives and the Mekedatu water dispute. Vijay is also expected to meet top Congress leaders. ...Less

India's economy shows resilience and strong domestic demand. Finance Minister Nirmala Sitharaman highligh ...More

India's economy shows resilience and strong domestic demand. Finance Minister Nirmala Sitharaman highlighted that external factors are causing challenges. The government is taking calibrated policy actions to support businesses and maintain growth momentum. High-frequency indicators like GST collections and sales of vehicles and tractors show positive trends. The finance minister assured that suggestions for further measures will be considered. ...Less

India's decade-old Insolvency and Bankruptcy Code has revolutionized corporate finance, ending a 'default ...More

India's decade-old Insolvency and Bankruptcy Code has revolutionized corporate finance, ending a 'defaulter's paradise' and recovering trillions. While significantly boosting financial stability and economic growth, the law now faces challenges from judicial delays. Recent amendments aim to address these bottlenecks, ensuring the code's continued effectiveness in safeguarding India's economic progress. ...Less

CJP protest news: The Cockroach Janta Party (CJP) protested at Jantar Mantar, demanding Union Education M ...More

CJP protest news: The Cockroach Janta Party (CJP) protested at Jantar Mantar, demanding Union Education Minister Dharmendra Pradhan's resignation over alleged NEET 2026 paper leaks and CBSE's On-Screen Marking irregularities. Protesters chanted slogans criticizing the government's handling of the situation. Dharmendra Pradhan, a senior BJP leader, currently holds portfolios for Education and Skill Development and Entrepreneurship. ...Less

India's government is reviewing potential budget spending cuts. Higher oil prices are increasing subsidy ...More

India's government is reviewing potential budget spending cuts. Higher oil prices are increasing subsidy costs and threatening fiscal goals. Officials are looking at trimming allocations in areas like water resources and loans to states. Capital expenditure and defense spending are unlikely to be reduced. ...Less

A malicious attack on the CBSE revaluation portal's payment system granted unauthorized access to around ...More

A malicious attack on the CBSE revaluation portal's payment system granted unauthorized access to around 50 students, causing abnormal fee displays. The issue, linked to the HDFC payment gateway, led to fee fluctuations from Rs 1 to nearly Rs 68,000. Experts are now examining the system to strengthen its security and integration. ...Less

India's economy surged by a better-than-expected 7.8% in the March quarter, exceeding forecasts and pushi ...More

India's economy surged by a better-than-expected 7.8% in the March quarter, exceeding forecasts and pushing FY26 growth to 7.7%. This robust performance was driven by strong private investment and consumption, defying concerns over the West Asia war. The government remains committed to its reform agenda to maintain economic momentum. ...Less

India's Social Stock Exchange receives a significant boost. Companies can now channel a portion of their ...More

India's Social Stock Exchange receives a significant boost. Companies can now channel a portion of their Corporate Social Responsibility spending through this platform. This move aims to broaden funding for non-profit organizations. It also enhances transparency and accountability within the social impact sector. The Ministry of Corporate Affairs has amended rules to facilitate this change. ...Less

Several Indian organisations in cyber, telecom, finance and banking have gained early access to Anthropic ...More

Several Indian organisations in cyber, telecom, finance and banking have gained early access to Anthropic's advanced Claude Mythos AI model. The govt is actively working to expand this access, with select public entities, including CERT-In, set to receive previews. This initiative aims to bolster cybersecurity for India's critical infrastructure. ...Less

Assam Chief Minister Himanta Biswa Sarma met Union Finance Minister Nirmala Sitharaman in New Delhi and d ...More

Assam Chief Minister Himanta Biswa Sarma met Union Finance Minister Nirmala Sitharaman in New Delhi and discussed a roadmap for Assam's future growth and development. The Chief Minister thanked the Union government for its support. Discussions covered economic growth, infrastructure and investment potential. ...Less

Union Education Minister Dharmendra Pradhan has initiated a significant overhaul of the CBSE payment gate ...More

Union Education Minister Dharmendra Pradhan has initiated a significant overhaul of the CBSE payment gateway system. This move follows widespread complaints from students and parents regarding failed transactions and fee issues. Four public sector banks will now collaborate with the CBSE to strengthen its payment infrastructure. ...Less

The Central Board of Secondary Education is actively addressing student concerns regarding re-evaluation. ...More

The Central Board of Secondary Education is actively addressing student concerns regarding re-evaluation. Cases of mismatched answer sheets are being prioritized. Senior officials are engaging with students and parents to resolve grievances. Teams from IIT-Madras and IIT-Kanpur will examine technical issues. Public sector banks will assist in strengthening the payment gateway system. ...Less

Finance Minister Nirmala Sitharaman has indicated the government is ready to listen to stock market inves ...More

Finance Minister Nirmala Sitharaman has indicated the government is ready to listen to stock market investors. Concerns regarding Long-Term Capital Gains and Short-Term Capital Gains taxes are being considered. The Minister emphasized openness to feedback on taxation matters. This comes amid market volatility and discussions on investor sentiment. The government is engaging with stakeholders on market-related tax issues. ...Less

These include portals for credit delivery to rural areas and machinery access for MSMEs, alongside a prog ...More

These include portals for credit delivery to rural areas and machinery access for MSMEs, alongside a program to modernize rural enterprises and credit cards for micro-enterprises. ...Less

The Indian rupee saw its longest winning streak in a month, closing stronger against the dollar. This ris ...More

The Indian rupee saw its longest winning streak in a month, closing stronger against the dollar. This rise was driven by the Reserve Bank of India's market interventions and a significant drop in crude oil prices. Hopes for a U.S.-Iran peace deal boosted investor confidence. ...Less

India's Insolvency and Bankruptcy Code (IBC) has facilitated over Rs 4 lakh crore in creditor realisation ...More

India's Insolvency and Bankruptcy Code (IBC) has facilitated over Rs 4 lakh crore in creditor realisations from resolved cases. Additionally, nearly Rs 14 lakh crore in claims were settled pre-admission, showcasing a significant shift in debtor-creditor dynamics and promoting timely resolution of financial stress. ...Less

The Central Board of Secondary Education has extended the deadline for students to request scanned copies ...More

The Central Board of Secondary Education has extended the deadline for students to request scanned copies of their Class 12 answer books. The new deadline is May 25 midnight. This extension comes after students faced difficulties accessing the portal. Union Education Minister Dharmendra Pradhan is working with the Finance Ministry to improve the payment gateway system. ...Less

India's Finance Minister Nirmala Sitharaman explains recent fuel price increases are market-driven by oil ...More

India's Finance Minister Nirmala Sitharaman explains recent fuel price increases are market-driven by oil companies. She noted the government previously absorbed over Rs 1 lakh crore in revenue through excise duty cuts to protect consumers from inflation. The minister also discussed managing global challenges and the evolving landscape for textile exporters, emphasizing sustainability and technology adoption. ...Less

The government plans to sell up to a 2% stake in LIC, potentially raising Rs 10,000 crore. This move aims ...More

The government plans to sell up to a 2% stake in LIC, potentially raising Rs 10,000 crore. This move aims to deepen public shareholding amid improving profitability. The stake sale is likely in late June or early July. Merchant bankers were appointed last year. This divestment will help meet the government's asset monetisation target. ...Less

2026 RBI MPC Meeting: The Reserve Bank of India acknowledges global economic challenges from the West Asi ...More

2026 RBI MPC Meeting: The Reserve Bank of India acknowledges global economic challenges from the West Asia conflict. Rising energy prices and supply chain issues create headwinds. However, India has built strong buffers. Diversified oil sourcing and robust foreign exchange reserves protect the economy. The central bank remains confident in managing external turbulence with minimal disruption. ...Less

IIT experts will now fix technical problems with the CBSE Class 12 re-evaluation process. Union Education ...More

IIT experts will now fix technical problems with the CBSE Class 12 re-evaluation process. Union Education Minister Dharmendra Pradhan ordered the immediate involvement of IIT Madras and IIT Kanpur teams. The CBSE payment gateway system will undergo a complete overhaul. Public sector banks will provide support to strengthen the payment infrastructure. ...Less

Union Finance Minister Nirmala Sitharaman reviewed GIFT City in Gandhinagar. She noted its significant pr ...More

Union Finance Minister Nirmala Sitharaman reviewed GIFT City in Gandhinagar. She noted its significant progress and strategic role in India's financial growth. GIFT City offers a unique blend of scale, technology, and talent. It is becoming a key hub for global finance, attracting significant investments and entities. Continued coordination will further strengthen its position. ...Less

Fuel prices are rising again, making travel and goods more expensive. This impacts transporters, supply c ...More

Fuel prices are rising again, making travel and goods more expensive. This impacts transporters, supply chains, and household budgets. Oil Marketing Companies are seeing stock rallies. The government faces a challenge balancing OMCs' financial health with consumer impact. Global events continue to influence fuel costs. ...Less

Individuals and HUFs without business income but with complex income sources like salary, multiple house ...More

Individuals and HUFs without business income but with complex income sources like salary, multiple house properties, or capital gains can file ITR-2 for AY 2026-27 by July 31, 2026. Key errors to avoid include misclassifying capital gains, neglecting foreign asset disclosures, and incorrect residential status determination. ...Less

Uber CEO Dara Khosrowshahi announced the company's first data center in India, a collaboration with the A ...More

Uber CEO Dara Khosrowshahi announced the company's first data center in India, a collaboration with the Adani Group, set to launch later this year. This facility will be instrumental in testing and deploying Uber's technology at scale. ...Less

India is rigorously testing its critical financial and government software for vulnerabilities to Anthrop ...More

India is rigorously testing its critical financial and government software for vulnerabilities to Anthropic's powerful Mythos AI. Tech giants Infosys and TCS are involved, while CERT-In examines national infrastructure like Aadhaar. This proactive measure stems from global concerns about Mythos' dual potential for cybersecurity defense and attack. ...Less

On May 26, 2014, Modi took charge as India's Prime Minister with landslide victory. He got re-elected wit ...More

On May 26, 2014, Modi took charge as India's Prime Minister with landslide victory. He got re-elected with a bigger mandate in 2019 and again became the prime minister for the 3rd time in 2024. ...Less

PFC and REC shares are under scrutiny as a mega merger progresses. Analysts advise a staggered approach t ...More

PFC and REC shares are under scrutiny as a mega merger progresses. Analysts advise a staggered approach to buying, highlighting that the trade now involves swap ratios and execution clarity beyond core business fundamentals. PFC is seen as the safer bet due to its parent status, while REC presents a merger-arbitrage opportunity with higher risk. ...Less

Power Finance Corporation's board has taken a significant step towards merging with Rural Electrification ...More

Power Finance Corporation's board has taken a significant step towards merging with Rural Electrification Corporation. The board has approved seeking formal approval from the President of India for this proposed mega merger. This move consolidates two major PSU non-banking financial corporations. The merger is subject to further regulatory clearances and approvals. ...Less

Uber CEO Dara Khosrowshahi asserts the company's dominance, highlighting expansion into allied businesses ...More

Uber CEO Dara Khosrowshahi asserts the company's dominance, highlighting expansion into allied businesses and India's projected rise as its largest market. He also expressed openness to revisiting food delivery and potentially partnering with Travis Kalanick on autonomous vehicles, while emphasizing India's growing role in AI infrastructure development. ...Less

International mutual funds are leading in returns, driven by global markets and currency gains. However, ...More

International mutual funds are leading in returns, driven by global markets and currency gains. However, Indian investors face hurdles due to overseas investment limits imposed by the RBI. Experts advise continuing existing SIPs but caution against new investments. Investors are exploring alternative routes like LRS and GIFT City for global diversification as fund houses restrict inflows. ...Less

CBSE portal glitches: Union Education Minister Dharmendra Pradhan has directed IIT Madras and IIT Kanpur ...More

CBSE portal glitches: Union Education Minister Dharmendra Pradhan has directed IIT Madras and IIT Kanpur to assist CBSE in resolving technical glitches plaguing its post-result re-evaluation portal. The move follows widespread complaints of payment failures, login issues, and server downtime. Four public sector banks are also aiding in stabilizing the payment gateway to ensure a glitch-free and student-friendly process. ...Less

Indian authorities are exploring ways to revive the long-delayed sale of a majority stake in IDBI Bank af ...More

Indian authorities are exploring ways to revive the long-delayed sale of a majority stake in IDBI Bank after bids fell short of expectations earlier this year. Officials are considering lowering the reserve price by up to 20% and reducing reliance on the bank’s market price to make the deal more attractive to buyers, according to people familiar with the matter. ...Less

The Indian government is set to revolutionize the landscape for Regional Rural Banks with the introductio ...More

The Indian government is set to revolutionize the landscape for Regional Rural Banks with the introduction of a central tech hub dedicated to digital service enhancements and fortified cybersecurity. ...Less

Himanta Biswa Sarma will take oath as Assam Chief Minister on Tuesday. Four ministers will be sworn in wi ...More

Himanta Biswa Sarma will take oath as Assam Chief Minister on Tuesday. Four ministers will be sworn in with him. Prime Minister Narendra Modi will attend the ceremony. Top NDA leaders and Chief Ministers from 22 states are also expected. Ranjit Das will be the candidate for Speaker of the Assam Legislative Assembly. ...Less

A man was apprehended at the new Assam government's swearing-in ceremony. Live bullets were found during ...More

A man was apprehended at the new Assam government's swearing-in ceremony. Live bullets were found during security checks at the venue. He was taken into custody for questioning. No weapons were recovered. An investigation is underway to determine the circumstances and any potential security threat. The incident occurred just before the oath-taking ceremony. ...Less

Uber CEO Dara Khosrowshahi announced plans for two new tech centers in Bengaluru and Hyderabad by the end ...More

Uber CEO Dara Khosrowshahi announced plans for two new tech centers in Bengaluru and Hyderabad by the end of 2027, significantly expanding its India footprint. The company is also prioritising its two-wheeler market, which has become a key growth segment despite regulatory hurdles and rising fuel prices. ...Less

Chinese tech giant Tencent is boosting India's gaming sector through strategic partnerships with SEPC and ...More

Chinese tech giant Tencent is boosting India's gaming sector through strategic partnerships with SEPC and GDAI. The company aims to bring world-class gaming experiences to India while nurturing local developer talent and global expansion opportunities for Indian studios. This initiative aligns with India's growing AVGC sector needs. ...Less

Uber CEO Dara Khosrowshahi announced a partnership with Adani Group to establish Uber's first data center ...More

Uber CEO Dara Khosrowshahi announced a partnership with Adani Group to establish Uber's first data center in India. This facility, set to be operational later this year, will enable Uber to test and deploy technology, supporting its growth as a global innovation hub for the company. ...Less

Groww delivered strong returns to early investors after the IPO lock-in expired. This and more in today's ...More

Groww delivered strong returns to early investors after the IPO lock-in expired. This and more in today's ETtech Top 5. ...Less

India's Jan Suraksha schemes have secured almost 940 million people. These programs offer life and accide ...More

India's Jan Suraksha schemes have secured almost 940 million people. These programs offer life and accident insurance and pension benefits. Over ₹21,500 crore has been paid out under PMJJBY and ₹3,660 crore under PMSBY. Digitization speeds up claim settlements. The government is considering revising benefits to enhance financial security for citizens. ...Less

Union Minister for Finance and Corporate Affairs Nirmala Sitharaman on Friday stated that the 16th India- ...More

Union Minister for Finance and Corporate Affairs Nirmala Sitharaman on Friday stated that the 16th India-EU Summit held in New Delhi this January provided a decisive new momentum to the bilateral strategic partnership, elevating it to a higher level. ...Less

Uber CEO Dara Khosrowshahi is in India, meeting top ministers to discuss strategic investments and platfo ...More

Uber CEO Dara Khosrowshahi is in India, meeting top ministers to discuss strategic investments and platform growth. He highlighted a quadrupling of earners on Uber's platform since 2022, emphasising partnership for India's development. The visit occurs amid heightened competition and Uber's focus on premium services and fleet operator investments. ...Less

Malabar Gold & Diamonds proposed enhancements to the Gold Monetisation Scheme to boost public participati ...More

Malabar Gold & Diamonds proposed enhancements to the Gold Monetisation Scheme to boost public participation and mobilize idle gold. The company suggests integrating organized jewelers, reducing minimum deposit quantities, and offering flexible redemption options to reduce import dependency and strengthen India's economy. ...Less

India's shipping ministry has extended a vital subsidy scheme for Indian companies flagging merchant ship ...More

India's shipping ministry has extended a vital subsidy scheme for Indian companies flagging merchant ships. This initiative will now run until the financial year 2030-31. The scheme aims to boost India's maritime fleet and global shipping presence. It provides financial support to Indian shipping companies bidding for government cargo tenders. ...Less

Himanta Biswa Sarma is set to be sworn in as the Chief Minister of Assam on May 12, embarking on his seco ...More

Himanta Biswa Sarma is set to be sworn in as the Chief Minister of Assam on May 12, embarking on his second term. He described his first term as merely a preview, hinting that the real show begins now. ...Less

Punjab National Bank is boosting its cybersecurity spending by over 50% this financial year. The bank is ...More

Punjab National Bank is boosting its cybersecurity spending by over 50% this financial year. The bank is investing heavily in technology to protect against digital threats, including those posed by advanced AI. This move comes as regulators and banks assess preparedness for AI-related risks. PNB is also accelerating the purchase of security tools and has made its audit process continuous. ...Less

Union Finance Minister Nirmala Sitharaman inaugurated the Indian Institute of Gems and Jewellery in Udupi ...More

Union Finance Minister Nirmala Sitharaman inaugurated the Indian Institute of Gems and Jewellery in Udupi. The centre provides professional training and promotes entrepreneurship among youth. It has grown steadily since 2016, offering industry-relevant skills. The minister also witnessed an MoU signing for lab-grown diamond technologies. ...Less

Govt officials are reviewing the IDBI Bank disinvestment strategy. This comes after weak investor interes ...More

Govt officials are reviewing the IDBI Bank disinvestment strategy. This comes after weak investor interest and market volatility impacted the proposed sale. A core group of secretaries is deliberating on revised valuations and timelines. Finance Minister Nirmala Sitharaman confirmed the strategic sale will proceed. The government aims to conclude the IDBI Bank transaction soon. ...Less

Jansuraksha schemes have settled claims worth over Rs 25,160 crore. Pradhan Mantri Jeevan Jyoti Bima Yoja ...More

Jansuraksha schemes have settled claims worth over Rs 25,160 crore. Pradhan Mantri Jeevan Jyoti Bima Yojana settled more than Rs 21,500 crore. Pradhan Mantri Suraksha Bima Yojana settled nearly Rs 3,660 crore. These schemes provide affordable financial protection. Over 27 crore, 58 crore, and 9 crore enrollments are recorded under PMJJBY, PMSBY, and APY respectively. ...Less

Quantum AI scam: A viral message falsely claims Finance Minister Nirmala Sitharaman is promoting a 'Quant ...More

Quantum AI scam: A viral message falsely claims Finance Minister Nirmala Sitharaman is promoting a 'Quantum AI' investment scheme. It promises huge returns on small investments with zero risk and government guarantee. ...Less

Uber will establish its first data centre in India with the Adani Group. This and more in today’s ETtech ...More

Uber will establish its first data centre in India with the Adani Group. This and more in today’s ETtech Top 5. ...Less

India faces a low-trust economy with high friction, exemplified by complex KYC norms. Finance Minister Ni ...More

India faces a low-trust economy with high friction, exemplified by complex KYC norms. Finance Minister Nirmala Sitharaman highlighted this issue. The nation must shift towards a trust-based system by rewarding responsible conduct. Leveraging digital infrastructure like Aadhaar and UPI offers a path to reduce friction and build trust. This transition aims to create a transparent, rules-based economy. ...Less

India is seeking access to Anthropic's powerful AI tool, Mythos. This AI can find software security flaws ...More

India is seeking access to Anthropic's powerful AI tool, Mythos. This AI can find software security flaws quickly. India believes its digital infrastructure needs this protection. The government is discussing access with the US administration. This move aims to secure India's digital backbone against evolving threats. Policy intervention is key for domestic defence mechanisms. ...Less

Indian companies are not investing as much as the government expects them to. Despite tax cuts and infras ...More

Indian companies are not investing as much as the government expects them to. Despite tax cuts and infrastructure spending, businesses have been hesitant. Officials blame this on a lack of appetite for expansion, but the real reasons possible include high political risk and unpredictable policies. ...Less

Indian banks are boosting IT investments to protect customer data and financial systems. Advanced AI tool ...More

Indian banks are boosting IT investments to protect customer data and financial systems. Advanced AI tools like Claude Mythos pose new cybersecurity risks. Banks are enhancing defenses to counter potential cyberattacks. A government panel is assessing these AI-driven threats. This proactive approach aims to secure the financial sector against evolving digital dangers. ...Less

A significant grant supports lab-grown diamond research at IIT Madras. The Finance Minister inaugurated a ...More

A significant grant supports lab-grown diamond research at IIT Madras. The Finance Minister inaugurated a new jewellery institute in Udupi. This institute aims to upskill youth and women. It will boost manufacturing and create jobs in the gems and jewellery sector. An MoU was signed for specialized diamond technology training. The initiative aligns with Make in India and Skill India. ...Less

Union Finance Minister Nirmala Sitharaman has warned of a new cyber threat from Anthropic's AI model Myth ...More

Union Finance Minister Nirmala Sitharaman has warned of a new cyber threat from Anthropic's AI model Mythos, comparing its potential impact to that of war. Authorities are increasing engagement with Anthropic and the US administration to understand and counter these evolving digital risks, while also strengthening domestic capabilities and financial sector preparedness. ...Less

West Bengal Chief Minister Mamata Banerjee accused Union Finance Minister Nirmala Sitharaman of violating ...More

West Bengal Chief Minister Mamata Banerjee accused Union Finance Minister Nirmala Sitharaman of violating the Model Code of Conduct by distributing cards to women before elections. Banerjee alleged that the BJP is misusing power and agencies to threaten voters and collect data, warning that women will be robbed of their bank account information and money. ...Less

India must go beyond macro tweaks to boost FDI, addressing governance, infrastructure, and global shifts. ...More

India must go beyond macro tweaks to boost FDI, addressing governance, infrastructure, and global shifts. Despite steady inflows, profit outflows and structural gaps highlight need for deeper reforms. ...Less

Union Finance Minister Nirmala Sitharaman has dismissed Tamil Nadu Chief Minister MK Stalin's allegations ...More

Union Finance Minister Nirmala Sitharaman has dismissed Tamil Nadu Chief Minister MK Stalin's allegations regarding incentives for paddy cultivation. Sitharaman stated that the Union government's communication was a suggestion to states to align bonus policies with national priorities. The aim was to encourage crop diversification. The decision on state bonuses remains with state governments. ...Less

Mumbai's Jio World Convention Centre hosts the 26th Economic Times Awards for Corporate Excellence, celeb ...More

Mumbai's Jio World Convention Centre hosts the 26th Economic Times Awards for Corporate Excellence, celebrating India's economic leaders. Finance Minister Nirmala Sitharaman, a champion of reform, will be the chief guest. Andhra Pradesh CM N Chandrababu Naidu, recognized as Business Reformer of the Year, will also attend. ...Less

SBI employees' nationwide strike May 25, 26: The demands raised by the federation include recruitment of ...More

SBI employees' nationwide strike May 25, 26: The demands raised by the federation include recruitment of messengers and armed guards, adequate staffing, and stopping outsourcing of permanent roles. AISBISF has also underlined issues like pension related concerns under the National Pension System, lack of inter circle transfers for employees recruited after 2019. ...Less

The public sector bank's chief executive, Ashwani Kumar, told ET that its loan portfolio performance beha ...More

The public sector bank's chief executive, Ashwani Kumar, told ET that its loan portfolio performance behaviour is healthy on a year-on-year basis. The bank's special mention accounts in the MSME portfolio having exposure of ₹1 crore and above reduced to 1.05% of the MSME loan book in March, at ₹487 crore, as against ₹582 crore in December 2025, he said. ...Less

Finance Minister Nirmala Sitharaman called for a single know-your-customer system across the financial se ...More

Finance Minister Nirmala Sitharaman called for a single know-your-customer system across the financial sector. She asked the Securities and Exchange Board of India to lead this initiative. The minister also urged Sebi to focus on future risks. These include artificial intelligence misuse and cyber threats. A strong defense against cyberattacks is crucial for market stability and public trust. ...Less

Finance Minister Nirmala Sitharaman convened a meeting with bank heads to address Artificial Intelligence ...More

Finance Minister Nirmala Sitharaman convened a meeting with bank heads to address Artificial Intelligence (AI) risks, particularly concerning Anthropic's Mythos model and its potential to compromise financial system data security. Banks have been urged to implement preemptive measures to safeguard their systems, customer data, and funds following discussions on AI's implications for the financial sector. ...Less

The government has extended the terms of Rajneesh Karnatak, MD and CEO of Bank of India, and Debadatta Ch ...More

The government has extended the terms of Rajneesh Karnatak, MD and CEO of Bank of India, and Debadatta Chand, MD and CEO of Bank of Baroda. Both will continue in their roles for three more years. These extensions are effective from April 29, 2026, and July 1, 2026, respectively. ...Less

Finance Minister Nirmala Sitharaman has directed the Indian Banks' Association to help banks combat emerg ...More

Finance Minister Nirmala Sitharaman has directed the Indian Banks' Association to help banks combat emerging cybersecurity threats from Anthropic's Claude Mythos AI. SBI Chairman Challa Srinivasulu Setty will lead these efforts. Banks will explore investments and technologies, including AI, to counter this new AI-borne challenge. The Ministry of Electronics and Information Technology is actively engaging with global partners on preparedness. ...Less

India's top business leaders gathered for the ET Awards in Mumbai. The event celebrated achievements and ...More

India's top business leaders gathered for the ET Awards in Mumbai. The event celebrated achievements and fostered conversation. Dignitaries like Nirmala Sitharaman and N Chandrababu Naidu attended. The evening highlighted India's economic vitality and the importance of peace for business success. Attendees enjoyed diverse culinary offerings and networking opportunities. ...Less

Finance Minister Nirmala Sitharaman has called for heightened cybersecurity vigilance across the financia ...More

Finance Minister Nirmala Sitharaman has called for heightened cybersecurity vigilance across the financial sector. She highlighted that advanced AI tools are accelerating cyberattacks, making them harder to detect. Sitharaman stressed the need for defense mechanisms to evolve faster than attack methods. The minister also emphasised common KYC norms and a principles-based regulatory approach for market growth and investor protection. ...Less

A new committee will examine public sector banks' capital needs. India aims to boost its corporate bond m ...More

A new committee will examine public sector banks' capital needs. India aims to boost its corporate bond market, allowing more companies access to funds. This initiative seeks to ensure capital reaches all borrowers, including small businesses and farmers, at competitive rates. Better regulation is emphasized for financial markets. ...Less

Union Finance Minister Nirmala Sitharaman announced a panel led by SBI Chairman C S Setty to assess risks ...More

Union Finance Minister Nirmala Sitharaman announced a panel led by SBI Chairman C S Setty to assess risks from AI platform Mythos and devise mitigation strategies. Banks will collaborate to understand threats and identify investment needs for countering AI-driven challenges. ...Less

Finance Minister Nirmala Sitharaman met with bank leaders to address Artificial Intelligence risks. Conce ...More

Finance Minister Nirmala Sitharaman met with bank leaders to address Artificial Intelligence risks. Concerns arose from Anthropic's Mythos AI model and its potential impact on financial system data security. Banks are urged to implement preemptive measures to safeguard systems and customer data. Officials are studying the extent of these risks. ...Less

CERT-In has issued a high-severity warning about AI-driven cyber threats, noting that new tools make atta ...More

CERT-In has issued a high-severity warning about AI-driven cyber threats, noting that new tools make attacks faster, cheaper, and easier. Advanced AI can independently find vulnerabilities and execute complex attacks with minimal human intervention. ...Less

India's finance minister has urged industry leaders to engage in open dialogue. Discussions at the Econom ...More

India's finance minister has urged industry leaders to engage in open dialogue. Discussions at the Economic Times Awards focused on navigating global uncertainties. Experts proposed measures from wooing the diaspora to harnessing artificial intelligence. The nation is seen as well-positioned to manage disruptions, with a focus on domestic demand and future preparedness. ...Less

The Securities and Exchange Board of India plans to simplify market regulations. Chairman Tuhin Kanta Pan ...More

The Securities and Exchange Board of India plans to simplify market regulations. Chairman Tuhin Kanta Pandey stated the regulator will focus on ease of doing business for all participants. Sebi will also invest in technology for supervision. The goal is to foster market development and contribute to faster economic growth. ...Less

India and South Korea are strengthening economic ties. Union ministers met with South Korean leaders and ...More

India and South Korea are strengthening economic ties. Union ministers met with South Korean leaders and business executives. Discussions focused on financial sectors, startups, and trade expansion. Both nations aim to increase bilateral trade to 50 billion dollars by 2030. This collaboration will drive investment and innovation between the two countries. ...Less

Finance Minister Nirmala Sitharaman pledged government support for farmers facing rising input costs. She ...More

Finance Minister Nirmala Sitharaman pledged government support for farmers facing rising input costs. She urged Indian industry to expand and add capacity, promising a patient hearing for their needs. The minister also discussed capital outflows and India's readiness for reforms. Engagement with the US and Anthropic is ongoing regarding AI model risks. ...Less

Finance Minister Nirmala Sitharaman pledges government support for farmers facing rising costs. She encou ...More

Finance Minister Nirmala Sitharaman pledges government support for farmers facing rising costs. She encourages Indian businesses to invest and expand capacity. The minister also highlights the dual nature of artificial intelligence, acknowledging its disruptive potential. Discussions are ongoing regarding advanced AI models and cybersecurity. The strategic sale of IDBI Bank is confirmed to proceed. ...Less

Finance Minister Nirmala Sitharaman is preparing new reforms to ease business compliance. She believes st ...More

Finance Minister Nirmala Sitharaman is preparing new reforms to ease business compliance. She believes strong domestic consumption will help India overcome global challenges. The government is also addressing cybersecurity threats from advanced AI models. Sitharaman assures that reforms will continue to support industry growth and manufacturing. ...Less

India is poised to become a global AI execution hub. Powerful AI models like Anthropic's Mythos present b ...More

India is poised to become a global AI execution hub. Powerful AI models like Anthropic's Mythos present both opportunities and security risks for the banking sector. India's vast trained workforce and cost-effective infrastructure offer a significant advantage. The nation can harness these strengths to drive AI adoption and achieve tangible returns on investment. ...Less

Indian banks face new artificial intelligence cyber threats. Finance Minister Nirmala Sitharaman urged a ...More

Indian banks face new artificial intelligence cyber threats. Finance Minister Nirmala Sitharaman urged a proactive approach. Banks will collaborate to identify vulnerabilities and adopt new technologies. AI itself may be used to combat AI-driven attacks. This initiative aims to strengthen cybersecurity defenses. ...Less

India is actively pursuing access to Anthropic's powerful Mythos AI model. Discussions with the US admini ...More

India is actively pursuing access to Anthropic's powerful Mythos AI model. Discussions with the US administration aim to ensure equitable access for Indian companies. The government is prioritizing the protection of critical infrastructure like power grids and banking systems. This move is crucial as advanced AI models can identify vulnerabilities rapidly. ...Less

India is building a strong system for banks and agencies to share threat information instantly. This aims ...More

India is building a strong system for banks and agencies to share threat information instantly. This aims to quickly identify new dangers from artificial intelligence. Finance Minister Nirmala Sitharaman met with banks and IT officials to discuss these risks. The focus is on vigilance and better coordination. ...Less

Anthropic’s Mythos AI is triggering global concern as banks and regulators warn it could enable faster, l ...More

Anthropic’s Mythos AI is triggering global concern as banks and regulators warn it could enable faster, large-scale cyberattacks on financial systems. ...Less

Union Finance Minister Nirmala Sitharaman highlighted that domestic consumption is driving India's econom ...More

Union Finance Minister Nirmala Sitharaman highlighted that domestic consumption is driving India's economic growth, emphasizing the need for predictable policy support to maintain this momentum. She also indicated that a committee is reviewing open architecture for banks selling third-party products and urged a focus on customer connect amidst digitalization. ...Less

According to the Ministry of Defence (MoD), discussions will focus on enhancing defence industrial collab ...More

According to the Ministry of Defence (MoD), discussions will focus on enhancing defence industrial collaboration, strengthening military-to-military engagements, and exploring opportunities in emerging domains such as cyber security, artificial intelligence, and drones. ...Less