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    Sebi cautions market players on risks from AI tools like Mythos; sets up task force
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    UDGAM portal facilitates users to search unclaimed deposits across multiple banks: RBI to SC
    Silver rises Rs 1,500 to Rs 2.51 lakh/kg in Delhi as geopolitical risks persist
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    Learning, Judgement and Public Purpose – Lessons from Banking - 12th G. Ramachandran Memorial Lecture, delivered by Shri Swaminathan J, Deputy Gover...
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    European leaders see Trump's troop drawdown from Germany as new proof they must go it alone
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May 5, 2026
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Cybersecurity risk management for AI tools drives Sebi's advisory, task force, and strengthened market monitoring framework.
Sebi has cautioned regulated entities against cybersecurity risks from advanced AI-based vulnerability detection tools and highlighted concerns over exploitation of weaknesses, data confidentiality and the reliability of outputs. It has constituted the cyber-suraksha.ai task force to examine AI-related risks, develop mitigation strategies, share threat intelligence and best practices, and review third-party cybersecurity posture. Sebi has also advised regular vulnerability assessments, timely patching, enhanced monitoring, stronger API security, zero-trust architecture, vendor coordination and onboarding of the Market Security Operations Centre.
May 5, 2026
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Rupee pressure from crude oil and geopolitical tensions eases slightly as possible RBI support steadies currency trading.
Foreign exchange market conditions reflected pressure on the rupee from heightened geopolitical tensions, elevated crude oil prices, and foreign capital outflows. The currency touched an intra-day low before recovering to close slightly higher against the US dollar, with market participants attributing the support to possible RBI intervention and noting that import demand and broader risk aversion continued to weigh on sentiment. Market commentary linked the rupee's weakness to renewed clashes in the Gulf, concerns around the Strait of Hormuz, and the impact of higher Brent crude on oil-importing economies.
May 5, 2026
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Unclaimed deposits search portal and centralized database issues arise over tracing deceased depositors' funds for legal heirs.
The UDGAM portal enables registered users to search unclaimed deposits across multiple banks through an interactive facility, while the broader dispute concerns a centralised and searchable database for legal heirs to trace dormant bank deposits and related funds. The plea seeks an integrated online system under RBI control to inform heirs of deceased account holders and reduce unnecessary litigation in claims involving bank deposits, insurance and post office funds.
May 5, 2026
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Geopolitical tensions lift silver prices as gold stays under pressure amid inflation and tighter policy expectations.
Silver prices rose in the domestic market in line with firm global cues, supported by continued geopolitical tensions in West Asia and stronger commodity sentiment. Gold prices eased as investors reacted to energy-led inflation concerns, tighter monetary policy expectations, and a shift toward the US dollar and Treasury yields as safe-haven assets.
May 5, 2026
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Insurance penetration strategy focuses on wider coverage, stronger underwriting, digital expansion and improved service delivery.
Operational review of the Vision Strategy documents of LIC, GIC Re and OICL focused on medium-term and long-term planning for improving operational efficiency, financial stability and sustainable growth. Strategic directions were given to strengthen human resource and information technology frameworks to enhance service delivery and to align company policies with broader insurance-sector objectives. Insurance policy direction emphasized increasing insurance penetration and density while preserving market share, with a focus on widening coverage to a larger segment of the population and developing investment and underwriting strategies to reduce loss ratios.
May 5, 2026
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Non-food credit growth accelerated across sectors as banks saw broad-based demand from agriculture, industry, services and personal loans.
Scheduled commercial banks recorded robust non-food credit growth in FY 2025-26, with broad-based expansion across agriculture and allied activities, industry, services, and personal loans. The credit increase was supported by low interest rates, a government-backed capex cycle, structural reforms, and crowding-in of private investment. Agriculture benefited from sustained rural demand and improved formal credit flow, while industrial credit was led by micro and small industries and services growth was driven by non-banking financial companies, trade, and commercial real estate.
May 5, 2026
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AI and blockchain workforce verification strengthens attendance integrity, reduces ghost employee fraud, and supports offline public-sector operations.
Indian Railways has begun deploying DRISHTI, an AI- and blockchain-enabled smart workforce management system, to verify employee attendance through facial recognition and tamper-proof digital records. The system operates offline, can verify multiple workers from a single group photograph, and is intended for both field and office personnel. It creates permanent, unalterable attendance records while also supporting supervisor approvals, real-time reporting dashboards, task allocation, and leave management.
May 5, 2026
Show AI Summary
Banking judgment and public purpose shape credit, supervision and financial stability beyond numbers and models.
Banking is presented as a field that must be understood through knowledge, judgment and public purpose, not through numbers, models or regulations alone. Economics supplies concepts such as incentives, information asymmetry, moral hazard, adverse selection and systemic risk, while the banking counter shows how credit appraisal depends on reading signals in cash flows, management quality, borrowing patterns and growth. Supervision is contrasted with the banker's viewpoint and is directed to safety, soundness, governance and the wider public interest.
May 4, 2026
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Direct tax collections rise despite tax cuts, with stronger corporate tax growth and stable non-corporate receipts.
Net direct tax collections increased in FY26 but fell short of the revised fiscal target after income tax relief measures were introduced in the budget. The changes included a higher rebate, revised tax slabs and rates, and a higher standard deduction, with collections showing stronger corporate tax growth, stable non-corporate tax receipts, and slightly lower refund issuance.
May 4, 2026
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Direct tax collections rise with stronger gross receipts and lower refunds, though the revised target remains unmet.
Net direct tax collections for 2025-26 rose 5.12 per cent to over Rs 23.40 lakh crore, but remained below the revised estimate of Rs 24.21 lakh crore. CBDT data showed net corporate tax collections at Rs 10.99 lakh crore and personal income tax, including Securities Transaction Tax, at about Rs 12.41 lakh crore. Gross direct tax collection stood at about Rs 28.12 lakh crore, while refund issuance declined 1.09 per cent to Rs 4.71 lakh crore.
May 4, 2026
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LNG storage capacity expansion gains urgency as supply disruptions and geopolitical risk expose India's energy security vulnerabilities.
India is seeking to increase LNG storage capacity in response to supply disruptions and heightened geopolitical risk affecting imports from West Asia. Petronet LNG plans to add new storage tanks at multiple terminals to strengthen buffer capacity and maintain normal supplies if import flows are interrupted. The expansion is presented as part of broader efforts to support energy security and manage future crisis conditions through additional strategic reserves.
May 4, 2026
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Loan waiver fraud warnings highlight false waiver claims, deceptive certificates, fee collection, and the need to avoid such entities.
Unauthorised and misleading campaigns promising loan waivers are cautioned against, including false claims of waiver of dues to banks or NBFCs, issuance of debt waiver certificates, and collection of fees under service or legal charges. The public is advised not to associate with such persons or entities, to approach lending institutions directly for loan information, and to report such campaigns to law enforcement agencies.
May 4, 2026
Show AI Summary
Context-driven digital payments reshape spending as UPI, credit cards and EMIs serve different consumer needs.
India's digital payments are increasingly context-driven, with consumers choosing instruments according to ticket size, urgency, intent and time of day rather than relying on a single dominant mode. UPI continues to support everyday and high-value payments, while structured credit and EMIs are expanding into routine and recurring expenses. Payment behaviour also varies by timing, and merchants are increasingly offering multiple payment options to align with consumer intent and improve conversion.
May 4, 2026
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Aadhaar verification and identity proof concerns require legislative intervention for issuance safeguards and misuse prevention.
Legislative intervention and amendments in the existing legal framework are required for reliefs seeking restrictions on Aadhaar issuance and related safeguards. The petition also sought directions treating Aadhaar only as proof of identity, while alleging misuse through weak verification, diversion of public resources, and improper access to other identity records.
May 4, 2026
Show AI Summary
Economic vulnerability mapping gains focus as India weighs supply disruption risks, energy dependence and inflation pressure from global shocks.
India must strengthen economic vulnerability mapping and risk management across energy, food, fertilisers, metals and critical minerals to address supply disruptions and price volatility arising from geopolitical shocks. The commentary emphasises expanding physical buffers, including strategic petroleum reserves and stockpiles of essential commodities, while reducing excessive import dependence through diversified supply sources, trade routes and more effective use of free trade agreements. It also notes that fiscal, monetary, trade and supply-side interventions, supported by an emergency response mechanism, are being used to cushion external shocks.
May 4, 2026
Show AI Summary
Specialized Investment Fund launch combines portfolio flexibility, transparency, and risk discipline for experienced investors.
HSBC Mutual Fund has launched RedHex SIF in India as a SEBI-approved Specialized Investment Fund brand for investors seeking greater portfolio flexibility within a regulated mutual fund framework. The platform offers focused, outcome-oriented strategies with transparency, governance, oversight, and risk discipline, and is aimed at experienced, institutional, and high-net-worth investors subject to a minimum investment threshold and higher investment risks.
May 4, 2026
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NATO burden-sharing and trade friction shape Europe's response as troop withdrawal and tariff pressure test transatlantic ties.
European leaders said the planned withdrawal of United States troops from Germany showed that Europe must take greater responsibility for its own security within NATO. They called for the move to be handled within the alliance framework and for the European pillar in NATO to be strengthened. The article also noted fresh trade friction, including plans for higher United States tariffs on cars and trucks from the European Union, alongside the bloc's emphasis on free trade agreements and stable supply chains.
May 4, 2026
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Commercial wisdom in insolvency bid evaluation upheld as creditors may assess feasibility beyond headline value.
Challenge to approval of a corporate insolvency resolution plan for Jaiprakash Associates Ltd. turned on the Committee of Creditors' evaluation of competing bids, including preference for Adani Enterprises' plan over Vedanta Ltd.'s revised offer. The controversy concerned transparency, evaluation metrics and whether post-deadline bid revisions could be considered in the insolvency process. The tribunal found no material irregularity and treated the CoC's decision as commercial wisdom based on overall consideration of the competing plans.
May 4, 2026
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Supreme Court and NCLAT spotlight procedural discipline, transgender law challenge, and insolvency bid selection dispute.
The Supreme Court rebuked its Registry for failing to issue notice to the Enforcement Directorate and declined urgent hearing on a plea for continuation of central armed police forces in West Bengal, saying such decisions lie with the political executive. It also agreed to hear challenges to the Transgender Persons (Protection of Rights) Amendment Act, 2026, while the NCLAT dismissed Vedanta Ltd.'s petitions against selection of Adani Enterprises' bid for Jaiprakash Associates Ltd. in insolvency proceedings.
May 4, 2026
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FDI norms eased for foreign companies with limited Chinese or Hong Kong stake, subject to sectoral conditions and reporting.
India eased FDI norms to allow foreign companies with Chinese or Hong Kong shareholding of up to 10 per cent, or a non-controlling stake, to invest under the automatic route in sectors where foreign investment is permitted, subject to applicable sectoral conditions. The revised framework retains reporting obligations and uses the beneficial ownership concept drawn from the Prevention of Money Laundering Rules, 2005. It also preserves expedited clearance for specified manufacturing activities while requiring majority Indian ownership and control.

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May 4, 2026

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New Delhi, May 4 (PTI) Following are the top stories at 1 pm: NATION DEL14 LD POLLS (11.12 AM)

Election trends: Saffron rise in east with BJP set to bag prized WB and Assam, Vijay’s TVK smashes through TN Kolkata/Chennai: The BJP was forging a possible victory path in West Bengal with leads in 109 seats against the ruling TMC’s 63 and surging ahead in Assam while actor-politician Vijay’s TVK was set for a stunning debut in Tamil Nadu, ahead in 103 seats, leaving the ruling DMK in number three position, according to trends on the Election Commission website.

DEL18 BJP-PM (12.40 PM)

PM Modi to visit BJP headquarters this evening after poll results; likely to address party workers New Delhi: Prime Minister Narendra Modi will visit the BJP headquarters here on Monday evening, as trends indicated a win for the party in West Bengal and Assam.

CAL72 WB-POLLS-4TH LD BHABANIPUR (12.25 PM)

Mamata consolidates lead by 16,706 votes over BJP's Suvendu in Bhabanipur Kolkata: West Bengal Chief Minister and TMC supremo Mamata Banerjee on Monday consolidated her lead over BJP challenger Suvendu Adhikari by 16,706 votes in the high-profile Bhabanipur constituency in south Kolkata after early jitters.

MDS69 KL-POLLS-UDF-CELEBRATION (12.33 PM)

Kerala polls: UDF surges ahead, jubilant scenes at Indira Bhavan Thiruvananthapuram: Congress-led UDF workers broke into euphoric celebrations at Indira Bhavan on Monday as early trends in the April 9 Assembly polls pointed to the front’s emphatic return to power in Kerala after a decade.

MDS68 TN-POLLS-BJP (12.33 PM)

BJP bigwigs trail behind Vijay's TVK, DMK in TN Chennai: BJP's prominent candidates, including state chief Nainar Nagenthran, former Governor Tamilisai Soundararajan and Union Minister L Murugan, are trailing behind the DMK and Vijay-led TVK candidates, respectively, in Tamil Nadu on Monday.

CAL61 WB-POLLS-VICTORY-RALLIES-LD BARRED (11.51 AM)

No victory rallies to be allowed on Monday after announcement of assembly poll results: Bengal CEO Kolkata: West Bengal Chief Electoral Officer Manoj Agarwal said no rallies celebrating the victory of candidates will be allowed in the state on Monday as the counting of votes for 293 assembly seats was underway.

BOM10 GJ-BYPOLL-LD TREND (11.58 AM)

Gujarat: BJP's Harshad Parmar establishes clear lead in Umreth assembly bypoll Anand (Gujarat): BJP candidate Harshadbhai Parmar maintained a decisive lead over Congress rival Bhrugurajsinh Chauhan in the Umreth assembly bypoll in Gujarat's Anand district, according to the latest counting trends on Monday.

BOM11 MH-BYPOLLS-SUNETRA PAWAR (12.15 PM)

Poised for win in Baramati bypoll, Sunetra Pawar urges supporters to avoid victory rallies Pune: Maharashtra Deputy Chief Minister Sunetra Pawar, who is heading towards a decisive win in the Baramati assembly bypoll, appealed to NCP workers and her supporters on Monday not to take out victory processions once the result is declared.

LEGAL LGD14 SC-REGISTRY-SUPER CJI (12.41 PM)

SC slams ‘nasty’ Registry for not issuing notice to ED, says officials think they are ‘super CJI’ New Delhi: In a rare and scathing rebuke of its own back-office, the Supreme Court on Monday lashed out at the apex court Registry, terming its conduct “nasty” and saying its officials think they are acting as “super Chief Justice of India”.

LGD8 SC-WB-CENTRAL FORCES (11.29 AM)

SC's no to urgent hearing of plea seeking continuance of CAPF in Bengal to curb post-poll violence New Delhi: The Supreme Court on Monday refused urgent hearing on a plea seeking continuance of central forces in West Bengal even after conclusion of polls to curb post-election violence, saying such decisions have to be taken by the political executive.

LGD12 SC-TRANSGENDER ACT (11.46 AM)

SC agrees to hear pleas against Transgender Persons (Protection of Rights) Amendment Act New Delhi: The Supreme Court on Monday sought responses from the Centre, all states and Union territories on a batch of pleas challenging the constitutional validity of the Transgender Persons (Protection of Rights) Amendment Act, 2026.

BUSINESS DEL16 BIZ-PMI-MANUFACTURING (12.13 PM)

India's mfg growth sees mild recovery in Apr, Iran war exerts upward pressure on inflation: PMI New Delhi: India's manufacturing sector activity witnessed mild recoveries in growth of new business intakes and production, but rates of increase were the second-weakest in nearly four years.

DEL15 BIZ-NCLAT-VEDANTA-ADANI (11.25 AM)

NCLAT dismisses Vedanta's appeal against selection of Adani group's bid for Jaiprakash Associates New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Monday dismissed the two petitions filed by Vedanta Ltd, where the mining group challenged the selection of Adani Enterprises' bid for debt-ridden Jaiprakash Associates Ltd (JAL).

FOREIGN FGN28 JAMAICA-JAISHANKAR-LD CRICKET (12.42 PM)

Cricket binds India, Jamaica in ties 'written in runs, respect, friendship': Jaishankar Kingston: Cricket serves as a bridge between India and Jamaica, fostering a relationship “written in runs, respect and friendship”, External Affairs Minister S Jaishankar said as he dedicated a digital scoreboard, gifted by New Delhi, to the Caribbean nation.

FGN22 PAK-HINDU-CIVIL SERVICE (11.35 AM)

2 men from minority Hindu community in Pakistan set to join federal civil service Islamabad: Two men from the minority Hindu community have qualified to join the federal civil service of Pakistan, where representation of such groups in government jobs is historically low. By Sajjad Hussain

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