Oil Prices Rise as Prospects for U.S.-Iran Peace Deal Fizzle
GLOBAL NEWS | Mon, 11 May 2026, 3:53AM IST
Oil prices rose and stock futures ticked down as investors reacted after the two sides failed to agree on a U.S.-Iran peace deal.
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As India grows richer, banks will have to adjust to thinner margins: Indian Bank CEO
INDIA BUSINESS | Mon, 11 May 2026, 1:01AM IST
Indian Bank's chief Binod Kumar expects interest rates to rise and net interest margins to fall as India develops. He plans to raise capital for Expected Credit Loss norms and launch a wealth management business. The bank aims for strong growth in retail and MSME loans. Consolidation could help Indian banks achieve global scale.
Continue reading at Economic Times
3h
Indian banks avoid fresh Gulf bets as Iran crisis drags on
INDIA BUSINESS | Mon, 11 May 2026, 12:56AM IST
Indian banks are pausing new business in Gulf countries amid the Iran crisis. Lenders are closely watching existing ties to avoid financial trouble. State Bank of India and Punjab National Bank are among those taking a cautious approach. This move aims to manage risks and ensure stability in international operations.
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Indian banks avoid fresh Gulf bets
INDIA NEWS | Mon, 11 May 2026, 12:56AM IST
Mumbai: Indian banks have stopped fresh exposure in the Gulf countries in the aftermath of the prolonged Iran crisis, bankers told ET, with the focus shifting instead to careful monitoring of existing relationships to prevent balance-sheet pain.State Bank of India (SBI) chairman CS Setty said that though there is no direct impact on the bank's business or asset quality due to the ongoing conflict, the bank is being cautious."We have decided to take no new business in the GCC (Gulf Cooperation Countries) until we get some clarity on the situation. The existing business we are managing, and we see no impact there so far," Setty said. "But we will have to wait and watch. If this conflict lingers on for another five to six months, there could be some impact on the (domestic) macros," Setty said in his interaction with reporters after the bank's earnings Friday.Also read | SBI pitches for review of affordable home definition, cites jump in average loan sizeTo be sure, SBI's overseas loan book - at Rs 7.42 lakh crore - is just 15% of its Rs 49.32 lakh crore asset base.Two West Asian countries - the UAE and Bahrain - make up 14% of the overseas loans. That compares with 26% by the US and 18% by the UK businesses.SBI is the largest Indian bank with foreign presence. But other PSU banks with limited foreign presence are also looking at GCC with caution.Punjab National Bank CEO Ashok Chandra told ET that the bank has decided it would take no new exposure in the region."It is only a prudent thing to do given the current situation. We are taking no new exposure as long as things do not improve. We need to wait and see how things pan out," Chandra said.PNB has a Gulf presence through the Dubai International Finance Centre (DIFC). It does international business also from its GIFT City branch.Also read | RBI imposes penalties on YES Bank, Hinduja Housing FinanceLast week, ET reported that some banks such as PNB had moved officials from Dubai to India as part of their business continuity plans to minimise risk. Even smaller lenders, such as Indian Overseas Bank (IOB), which has no operations in West Asia, are looking at the developments closely. "We have operations in Hong Kong and Singapore; so we are not directly impacted. But there is some slowing down in business abroad because of the conflict. Our focus is to maintain our existing book as healthy and standard," Ajay Kumar Srivastava, CEO, IOB told ET.
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Gold loans power Small Finance Banks' growth as microfinance asset quality weakens
INDIA BUSINESS | Mon, 11 May 2026, 12:53AM IST
Small Finance Banks are shifting focus to secured loans like gold loans. This move aims to stabilize their financial health and earnings. The unsecured microfinance sector continues to face high bad loan ratios. This strategic pivot is happening as regulators encourage diversification. Some larger banks are also growing their microfinance business. This change is crucial for long-term stability and growth.
Continue reading at Economic Times
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Local legal eagles answer the 130-billion-dollar questions
INDIA BUSINESS | Mon, 11 May 2026, 12:51AM IST
Indian law firms are busier than ever, advising on thousands of deals worth billions. This activity spans mergers, private equity, and venture capital. Lawyers anticipate continued momentum this fiscal year and the next. Companies are using M&A for business rearchitecting and capability acquisition. Overseas acquisitions are also increasing, requiring strategic legal counsel.
Continue reading at Economic Times
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Nexus Trust may buy Galaxy's Guwahati project for 1,300 crore
INDIA BUSINESS | Mon, 11 May 2026, 12:45AM IST
Nexus Select Trust is set to acquire a large mixed-use property in Guwahati for 1,300 crore. Inorbit Malls is also expanding its mall portfolio in Tier-2 cities. Developers are increasingly targeting these markets due to strong consumption growth and lower acquisition costs.
Continue reading at Economic Times
3h
CMS Info Systems bags Rs 400 crore HDFC Bank ATM management mandate
INDIA BUSINESS | Mon, 11 May 2026, 12:44AM IST
CMS Info Systems has won a significant Rs 400 crore contract with HDFC Bank. The deal spans five years and involves managing 6,000 ATMs. CMS will offer complete ATM services, including cash management and AI-driven optimization. This partnership follows CMS's previous work with ICICI Bank and State Bank of India.
Continue reading at Economic Times
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Online gaming companies seek a clear regulatory playfield
INDIA BUSINESS | Mon, 11 May 2026, 12:39AM IST
India's online gaming sector is approaching the Ministry of Electronics and Information Technology for guidance on new gaming rules. Companies need operational clarity on classification, compliance and approval processes. The absence of phased implementation creates uncertainty for user safety and compliance measures, they say.
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3h
Wingreens World goes for Safe Harvest via share-swap route
INDIA BUSINESS | Mon, 11 May 2026, 12:32AM IST
Wingreens World has acquired Safe Harvest in a share swap deal, marking Wingreens' fifth acquisition. The company also secured over 120 crore in Series D funding. Wingreens is working towards a public listing in two years. Recent months have seen significant consolidation in the consumer health and wellness sector.
Continue reading at Economic Times
3h
RCB Knock MI Out Of IPL 2026 Playoff Race, Move Top After Bhuvneshwar's Final-Over Heist In Raipur
INDIA MARKET | Mon, 11 May 2026, 12:30AM IST
Royal Challengers Bengaluru pulled off one of the most dramatic wins of IPL 2026, defeating Mumbai Indians by two wickets off the final ball in a low-scoring thriller at the Shaheed Veer Narayan Singh International Stadium in Raipur.
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Tiny tales draw big bets from top film studios
INDIA BUSINESS | Mon, 11 May 2026, 12:20AM IST
Major production houses are exploring micro-drama format as a test bed for IP and branded content opportunities.
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3h
Expanding corporate occupier activity drives large office leasing across India
INDIA BUSINESS | Sun, 10 May 2026, 11:31PM IST
India's commercial office market is increasingly dominated by large occupiers seeking consolidated, campus-style workplaces. Large office transactions surged 3% year-on-year, comprising 65% of total leasing, while smaller office demand grew at a slower pace. Bengaluru leads in large deals, with Hyderabad and Mumbai showing accelerated growth.
Continue reading at Economic Times
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NTPC to submit first nuclear project feasibility study
INDIA BUSINESS | Sun, 10 May 2026, 11:29PM IST
Power giant NTPC is set to submit its first nuclear project feasibility study to the Department of Atomic Energy. This move aims to secure approval for standalone nuclear projects. NTPC plans to achieve 2 GW of nuclear capacity by 2032. The company is also exploring sites in Bihar and other states for its ambitious nuclear expansion plans.
Continue reading at Economic Times
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EPL 2025-26 Points Table: Arsenal Regain Control Of Title Race After Late VAR Drama Vs West Ham
INDIA MARKET | Sun, 10 May 2026, 11:27PM IST
Trossard scored a late winner against West Ham United to restore the Gunners' five-point lead at the top of the Premier League table.
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4h
Waaree Energies eyes solar cell unit in the US
INDIA BUSINESS | Sun, 10 May 2026, 11:23PM IST
Waaree Energies is planning significant expansion in the US. The company may build a solar cell manufacturing facility there. This follows an increase in module manufacturing capacity. Waaree aims to boost its market share in the growing US solar market. The company is also focusing on an energy transition ecosystem in India.
Continue reading at Economic Times
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'Speed Up Returns On My Investments': Rahul Gandhi's Humorous Response To Investment Adviser
INDIA MARKET | Sun, 10 May 2026, 11:00PM IST
Chennai: Newly-elected Tamil Nadu Chief Minister and Tamilaga Vettri Kazhagam (TVK) chief C Joseph Vijay with Congress MP and Lok Sabha LoP Rahul Gandhi during the former's swearing-in ceremony, at Jawaharlal Nehru Stadium, in Chennai, Sunday, May 10, 2026.
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INDIA MARKET | Sun, 10 May 2026, 10:35PM IST
'Bhooth Bangla', which had slow and steady collections in its third week, showed improvement in both collections and occupancy in its fourth weekend.
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INDIA MARKET | Sun, 10 May 2026, 10:15PM IST
Riteish Deshmukh stars in his directorial movie Raja Shivaji.
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AI, connected TV, programmatic buying reshape Indias digital ad market
INDIA BUSINESS | Sun, 10 May 2026, 10:08PM IST
India's digital advertising is transforming as artificial intelligence, programmatic buying, connected TV, and retail media are merging. Marketers are moving budgets from traditional TV to digital. This shift has created a major opportunity for automated and AI-driven advertising.
Continue reading at Economic Times
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ECB, RBI Pact Aims To Boost Regulatory, Supervisory Coordination
INDIA MARKET | Sun, 10 May 2026, 10:01PM IST
The updated agreement signed in Basel seeks to deepen policy coordination, technical cooperation and regulatory engagement, while facilitating ESMA recognition of RBI-regulated clearing corporations.
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