Reuters

PNB hikes cyber spend as AI models like Anthropic Mythos raise risks

The country's ‌third largest state-run lender by market capitalisation has earmarked about 20 per cent of its technology budget for cybersecurity, or roughly ₹700 crore to ₹800 crore

Asian markets hit records on AI euphoria, US-Iran peace deal hopes

MSCI's broadest index of Asia-Pacific shares outside Japan jumped 2.3 per cent to a fresh record, led by a 5.1 per cent surge in South Korea's Kospi

Zee sues Nykaa over alleged use of copyright songs on Instagram reels

Zee Entertainment said Nykaa had used several of its copyrighted songs in reels to promote products to millions of followers

Oil prices fall over $2 after Trump pauses Strait opening for possible deal

Trump said on Tuesday while the operation to reopen the Strait of ‌Hormuz will be paused, the blockade will remain in force

FIFA faces WC broadcast crisis; Reliance offers $20 mn, China deal unclear

There has also been no deal announcement for China, which FIFA says accounted for 49.8% of all hours of viewing on digital and social platforms globally during the 2022 World Cup

L&T Q4 FY26 results: Net profit dips 3.1% to ₹5,326 crore, new CFO named

The company also named P Ramakrishnan ‌as it next chief financial officer

Reliance submits documents to CBI in bribery probe, executive gets bail

CBI arrested a Reliance senior V-P Bharat Mathur, and an official from the country's aviation regulator last month, accusing them of agreeing to a $16k bribe to clear drone import applications

Biocon founder Kiran Mazumdar-Shaw picks niece Claire as successor

She plans a gradual leadership transition over the next five years, with her niece Claire Mazumdar expected to assume the chair in a phased manner

India's auto dealers brace for Iran war impact on supply chain, fuel costs

While the impact is not broad-based, the repercussions could last for a few months even if the conflict ends, Sai Giridhar, vice-president of Fada said

India's cash withdrawals surge 12% in first half of April, RBI data shows

The surge, if it persists, could pose a challenge for surplus liquidity in the banking system, which the central bank has tried to maintain to support economic activity

Berkshire picks Charlie Shamieh to succeed Ajit Jain as insurance chief

Berkshire owns Gen Re, where Shamieh has served as chairman since 2018

Meta picks Morgan Stanley, JPMorgan for El Paso data centre financing

Big Tech firms are pouring hundreds of billions of dollars into data centres amid strong demand for artificial intelligence, marking a shift from their long-standing reluctance to raise debt

Oil eases after surge as US bid to reopen Strait of Hormuz calms markets

Brent oil futures for July fell 68 cents, or 0.6 per cent, to $113.76 per barrel at 0100 GMT, after settling up 5.8 per cent on Monday

AI partnerships surge across Formula One teams, reshape racing strategy

AI can be a key tool enabling teams to navigate new regulations and new cost cap rules, now set at $215 million

China invokes anti-sanctions law over US blacklisting of oil firms

Under the law, introduced in 2021 and most recently revised in April, China can impose countermeasures on companies and individuals, including trade and investment curbs and entry and exit restriction

GameStop's $56 billion eBay bid stokes investor doubts as shares lag offer

GameStop's $56 billion bid for eBay raises funding and strategy concerns, with markets doubting the deal despite potential to reshape the collectibles e-commerce space

Govt has no proposal for financial support to state-run fuel retailers

Indian state fuel retailers have raised prices for liquefied petroleum gas for industrial customers and jet fuel rates for foreign carriers

Ambuja Cements Q4 result: Profit jumps threefold to ₹1,644 cr on tax gains

The Adani Group-owned cement maker posted a profit after tax of ₹1,644 crore ($173.06 million) for the quarter ended March 31, up nearly threefold from a year earlier

Exide Q4FY26 result: Profit rises 22.7% to ₹312 crore on auto demand

The company's standalone profit after tax rose to ₹312 crore ($32.8 million) in the quarter ended March 31, from ₹255 crore a year earlier

RBI explores steps to mobilise dollar inflows amid rising pressure on rupee

The war ‌between the US, Israel and Iran - now in its third month - has weakened the Indian currency, adding to a near 5 per cent fall in 2025