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GLOBAL NEWS | Thu, 28 May 2026, 9:31PM IST Mr. Bilton, a documentarian and former New York Times columnist, said he would bring new voices to the show, which he said was the most important news program in America.

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INDIA BUSINESS | Thu, 28 May 2026, 9:29PM IST Karur Vysya Bank is set for significant growth. The bank plans to expand its balance sheet by entering the credit card business and offering loans against mutual funds. A renewed focus on microloans and increasing corporate lending are also key strategies. These initiatives aim to diversify revenue streams and boost overall expansion.

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INDIA MARKET | Thu, 28 May 2026, 9:02PM IST Situational Awareness managed $13.67 billion as of March 31, representing 148% growth from the end of 2025. It is run by Aschenbrenner, who was previously part of the "Superalignment" team at OpenAI.

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INDIA BUSINESS | Thu, 28 May 2026, 8:53PM IST PB Fintech co-founders Yashish Dahiya and Alok Bansal are set to sell shares worth up to Rs 654 crore through a block deal

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INDIA BUSINESS | Thu, 28 May 2026, 8:46PM IST The SAIL-owned plant has partnered with GAIL to secure alternative fuel supplies amid propane shortages linked to the West Asia crisis

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INDIA MARKET | Thu, 28 May 2026, 8:31PM IST The ministers of Germany, France, Italy, Poland, Spain and the Netherlands are meeting in Berlin on Thursday to discuss how to advance the capital markets union.

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INDIA MARKET | Thu, 28 May 2026, 8:30PM IST According to him, the objective is to build a more intelligent, agile, and responsive banking ecosystem capable of meeting evolving customer expectations while improving operational efficiency across the organisation.

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INDIA MARKET | Thu, 28 May 2026, 8:29PM IST Prince argued that AI would mainly affect measurers roles inside companies.

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INDIA MARKET | Thu, 28 May 2026, 8:22PM IST Many professionals feel that their current pay no longer matches their financial needs.

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INDIA BUSINESS | Thu, 28 May 2026, 8:22PM IST Property prices in India's top eight cities saw a broad-based increase in the first quarter of 2026. Bengaluru recorded the highest appreciation, with prices rising 24 percent. Mumbai Metropolitan Region and Delhi-NCR also experienced significant growth. This sustained upcycle highlights strong underlying demand and a disciplined real estate market.

Continue reading at Economic Times

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INDIA BUSINESS | Thu, 28 May 2026, 8:10PM IST India is poised for major advancements in critical minerals in the coming year. A unified government strategy is accelerating resource security. New mining blocks are being identified and auctioned. International partnerships, including with the US, are strengthening. Overseas mineral assets are being secured. Processing plants are being established across the country.

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INDIA BUSINESS | Thu, 28 May 2026, 8:08PM IST Indian mid-tier banks and financial firms face significant cyber risks. They have embraced digital technology but lag in cybersecurity spending compared to global peers. Attackers are leveraging advanced AI, making cyber threats more potent and less costly. Many Indian CISOs report defenses are being outpaced. Institutions must now integrate AI defense with securing their own AI systems to build resilience.

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INDIA MARKET | Thu, 28 May 2026, 8:07PM IST Initial jobless claims increased by 5,000 to 2,15,000 in the week ended May 23.

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INDIA MARKET | Thu, 28 May 2026, 8:00PM IST Market experts shared buy, sell and hold recommendations for an array of stocks.

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INDIA MARKET | Thu, 28 May 2026, 7:59PM IST According to the deal structure, the founders will together sell around 3.8 million shares, representing approximately 0.8% of the company's total equity.

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INDIA NEWS | Thu, 28 May 2026, 7:57PM IST New Delhi: The Insolvency and Bankruptcy Code (IBC) completed 10 years of its existence today, marking an institutional transformation with far-reaching implications for credit markets and economic efficiency.Since its enactment in 2016, the resolution process under the Code has facilitated the realisation of over four lakh crore rupees for creditors, emerging as a watershed reform that consolidated and modernised the fragmented insolvency framework in the country.The Ministry of Corporate Affairs revealed that, as of March 2026, 1,419 cases yielded resolution plans. This realisation to the creditors stands at 95 per cent and 167 per cent as against their fair and liquidation value, respectively.Till March 2026, a total of 8,987 cases were admitted, with 7,102 reaching closure. Of these closed cases, around 58 per cent, translating to 4,099 companies, were successfully rescued, while another 3,003 cases culminated in liquidation. Among the rescued entities, 1,388 cases were closed on account of appeal, review, or settlement, and 1,292 were withdrawn.Also read | RBI must let rupee depreciate; use liquidity tools, not rate hikes: SubbaraoThe Ministry further stated that around 42 per cent of the cases that ended with resolution plans previously remained with the Board for Industrial and Financial Reconstruction or were defunct, underscoring the role of the code in facilitating the revival of financially distressed enterprises.The deterrent effect of the Code altered debtor-creditor dynamics, as more than 30,000 cases filed before the National Company Law Tribunal were resolved at the pre-admission stage through withdrawals, involving amounts estimated at nearly Rs 14 lakh crore.In the absence of these settlements, the gross Non-Performing Asset (NPA) ratio of the banking sector would likely have remained substantially higher than the reported level of 2.1 per cent as of September 2025, compared to nearly 11.8 per cent in 2017.Citing the Reserve Bank of India's Report on Trend and Progress of Banking in India, the Ministry noted that the Code became the most effective mechanism for the recovery of stressed assets.Of the total recoveries of Rs 1.04 lakh crore made by Scheduled Commercial Banks through various channels, nearly Rs 0.54 lakh crore, accounting for about 52.4 per cent, was realised through the IBC process.Also read | Measures like tax relief, import curbs can shield India from West Asia crisis: ReportThe RBI report stated that recovery rates under IBC improved to 36.6 per cent in 2024-25 from 28.3 per cent in the previous year, highlighting the growing effectiveness of the insolvency framework in addressing stressed assets and contributing to the reduction in gross non-performing assets.On a behavioural level, an IIM Bangalore study on the impact of the Code observed that the proportion of loan accounts transitioning from the 'Overdue' to the 'Normal' category steadily increased between 2018 and 2024. This shift reflected a sharp reduction in the average number of days an account remained overdue, which declined from 248-344 days to 30-87 days.Furthermore, the Ministry mentioned that a 2025 study undertaken by the Indian Institute of Management Ahmedabad on resolved firms highlighted significant post-resolution revival. The study noted that average sales of resolved firms increased by nearly 89 per cent, while asset turnover ratios improved by around 131 per cent. The average capital expenditure rose by approximately 106 per cent in the five years after resolution."The study further notes a remarkable increase in the aggregate market valuation of resolved listed entities, which rose from nearly Rs 2.8 lakh crore to about Rs 9 lakh crore over five years, signalling strengthened investor confidence and improved long-term growth prospects following successful resolution," the Ministry highlighted.When the IBC started in 2016, it promised to move beyond an era marked by significant erosion of enterprise value, where prolonged delays resulted in assets being sold piecemeal, leaving creditors to recover only a few paise on the rupee.In response, the Code established a coherent, creditor-driven, and time-bound mechanism emphasising corporate revival and value maximisation.

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INDIA BUSINESS | Thu, 28 May 2026, 7:56PM IST In response to a question from The Hindu, Coal Minister G. Kishan Reddy emphasised that India has the technology to pursue coal gasification and it would not be any roadblock.

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INDIA BUSINESS | Thu, 28 May 2026, 7:53PM IST The drugmaker said strong domestic branded generics and international business growth helped drive record EBITDA performance in FY26

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INDIA NEWS | Thu, 28 May 2026, 7:48PM IST The India-Oman CEPA is expected to diversify exports, boost duty-free access and strengthen India's trade connectivity with GCC markets

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INDIA MARKET | Thu, 28 May 2026, 7:47PM IST Bessent laid out a cascade of punitive measures targeting Iran's aviation sector.

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INDIA MARKET | Thu, 28 May 2026, 7:46PM IST In a statement on Thursday, Apex said it will use the funds to continue to expand its national footprint, deepen its multi-trade service offerings and advance its technology and talent infrastructure.

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INDIA NEWS | Thu, 28 May 2026, 7:40PM IST PARIS - Formidable title favorite Jannik Sinner is out of the French Open in the second round.Sinner lost to 56th-ranked Juan Manuel Cerundolo 3-6, 2-6, 7-5, 6-1, 6-1 while struggling with the heat and wasting a chance to serve for the match on Thursday.Sinner was on a 30-match winning streak stretching back to February and the odds were overwhelming he'd complete a career Grand Slam by winning the only big title missing in his tennis career - especially with two-time reigning champion Carlos Alcaraz out due to an injured right wrist.Sinner bent over on the clay court in apparent exhaustion multiple times and was hardly even running for shots as the match wore on, resorting to drop shots and serve-and-volley tactics to try and shorten the points.He attempted to cool himself with a hand-held fan on changeovers and put bags of ice around his neck.The temperature at the start of the match was 29 degrees C (84 F) and then rose to 32 C (90 F).Sinner was serving for Thursday's match at 5-4, 0-40 in the third set when he bent over on the court and then walked to his chair. He asked for assistance and left the court. His entire light blue outfit was soaked through with sweat.Between the third and fourth sets, Sinner received medical attention and left the court. Minerals were added to his drink when he returned but Sinner wasn't able to recuperate.Sinner last lost on Feb. 19 in the Qatar Open quarterfinals. He had won five straight titles and hardly dropped a set.On the same Court Philippe Chatrier, Sinner wasted three match points against Alcaraz in last year's final before losing the title match in a fifth-set tiebreaker.Sinner also struggled in the heat at the Australian Open against Eliot Spizzirri in January. The roof was closed and the third-round match swung his way.

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INDIA MARKET | Thu, 28 May 2026, 7:40PM IST The S&P 500 opened 0.16% lower at 7,508, tech-heavy Nasdaq Composite opened 0.25% lower at 26,612.14, and Dow Jones Industrial Average fell 0.37% to 50,456.10.

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INDIA BUSINESS | Thu, 28 May 2026, 7:37PM IST The US FDA has granted priority review to Saroglitazar, Zydus Lifesciences' drug for treating Primary Biliary Cholangitis

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INDIA MARKET | Thu, 28 May 2026, 7:35PM IST Williams did not comment on the near-term monetary policy and economic outlook in his prepared remarks.

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INDIA MARKET | Thu, 28 May 2026, 7:30PM IST During FY26, the company's net profit surged to Rs 117.89 crore from Rs 18.24 crore in the preceding year. Total income increased to Rs 1,187.47 crore against Rs 557.45 crore in FY25.

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INDIA MARKET | Thu, 28 May 2026, 7:28PM IST hina dominates steel production, the main shipbuilding material, giving it cost and delivery advantages.

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INDIA MARKET | Thu, 28 May 2026, 7:28PM IST The company in a statement said that it has emerged as the highest bidder in a recent auction conducted by the Yamuna Expressway Industrial Development Authority (YEIDA).

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INDIA MARKET | Thu, 28 May 2026, 7:25PM IST In the recent past, he said LIC has initiated a comprehensive review of its real estate portfolio to assess the returns and yields it generates, and to identify opportunities for further optimisation and improvement.

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INDIA MARKET | Thu, 28 May 2026, 7:24PM IST Industrial and logistics assets also continued to attract strong investor interest due to growing demand linked to AI-related manufacturing, semiconductor exports, data centre development and infrastructure expansion across markets including India, Japan, Taiwan and Malaysia.

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INDIA NEWS | Thu, 28 May 2026, 7:22PM IST Even in the months leading up to the death of Jeffrey Epstein, messages from a Bank of America Corp. wealth adviser were still hitting his inbox.Paul V. Morris, a banker who did business with Epstein at both JPMorgan Chase & Co. and Deutsche Bank AG, called on the convicted sex offender for years after joining Bank of Americas Merrill Lynch division a decade ago, documents released by the US Department of Justice show. In 2017, less than a year into his tenure at Bank of America, he reached out to Epstein to see if anyone in his network needed to borrow money for yachts or artworks.Hi hope all well, is JE around this month? Morris wrote in a message to Epsteins assistant in an email dated July 18, 2018. Days earlier, she had coordinated a call for Morris with Tommy Mottola, the former chief executive officer of Sony Music Entertainment.Also read | US Treasury chief says to halt Iran airlines' access to landing spotsThe emails released by the Justice Department, which include years of correspondence between Morris and Epstein, reveal that even after Bank of America agreed to pay $72.5 million earlier this year to settle a lawsuit brought on behalf of victims of the disgraced financier in an attempt to sever the companys last ties to his orbit, at least one connection remains.Morris was a member of the financial-concierge team that shepherded Epsteins wealth at two of the worlds largest banks. His continued relationship with Epstein showed how lucrative the financiers network appeared to his industry contacts and how, even after lenders dropped the sex offender as a client, this individual banker chose to maintain his own professional ties to Epstein.While Morris never held a senior executive position with expansive corporate sway the way former Barclays Plc Chief Executive Officer Jes Staley did, his relationship with Epstein spanned almost a decade and offers a window into how two large banks handled red flags on his accounts. In 2008 Epstein pleaded guilty in Florida to procurement of minors for prostitution, and in 2019 he was arrested on federal sex-trafficking charges, dying by apparent suicide while in custody.Also read | US Treasury rolls out Trump Accounts app nationwideBank of America was accused by Epsteins victims of aiding in his sex-trafficking by providing financial accounts for his associates, leading to the settlement reached in March. The bank, which did not admit wrongdoing, said in a statement at the time that it did not facilitate sex trafficking crimes. Morris wasnt named as a defendant in complaints against Bank of America, JPMorgan or Deutsche Bank, and hasnt been accused of a crime. He was deposed about his relationship to Epstein in 2023, Bloomberg News reported at the time.The Justice Department documents offer insight into the demands on bankers such as Morris in the normally secretive world of high-net-worth finance, where hes worked for more than a decade. Major clients, especially those with wide networks who can provide word-of-mouth recommendations, are prized assets.Epstein offered plenty of those coveted relationships, including with private equity billionaire Leon Black. Morris weighed the risks of working with Epstein against the business he could potentially bring in, the files show. Over the years, Morris opted to keep the relationship alive, offering gifts to Epstein and his staff, and volleying investment banter and friendly messages. The only clear end point to the correspondence came in 2019, the year Epstein was arrested in New York.Representatives for Bank of America and JPMorgan declined to comment. Morris didnt respond to a request for comment.We acknowledge our error of onboarding Epstein in 2013 and the weaknesses in our processes, and have learnt from our mistakes and shortcomings, Dylan Riddle, a spokesperson for Deutsche Bank, said in an emailed statement, adding that the company has cooperated with law enforcement and reworked internal controls. We have repeatedly stated that we deeply regret our association with Epstein.Epstein seemed circumspect when Morris was first assigned to work on his account at JPMorgan. paul morris seems nice , but not very experienced,. is he really the person you want to cover me, Epstein wrote in an April 2010 email to Staley, then CEO of JPMorgans investment bank.Morris was relatively new at the time, having joined JPMorgan the prior year. He set about handling Epsteins affairs there, offering the kind of white-glove service typically afforded to the very wealthiest customers at the nations biggest banks. Soon he was swapping messages with Epstein about investments regularly.When Epstein appeared interested in a company in Norway, he reached out to Morris, asking for details and adding, I might want to make a run at it. In 2012, Morris told Epstein that hed discussed vehicles for art purchases with colleagues and wanted to debrief him.Epstein was flagged as a high-risk client, and JPMorgan eventually dropped him in 2013. From his time at JPMorgan, Morris knew about Epstein's sex-trafficking, according to a subsequent class-action lawsuit brought by Epstein victims against Deutsche Bank.That was around the time of Morriss own departure from JPMorgan, and meant he had the opportunity to offer Epstein newly spurned by the nations biggest lender access at his new employer, Deutsche Bank. Morris joined the German banks New York office in late 2012, in the middle of its big push to win over wealthy customers. A junior relationship coordinator prepared a memo about bringing Epstein aboard for Morris to send to Charles Packard and Patrick Harris, both senior officials in the banks wealth-management division at the time, according to the complaint.Morris noted to his colleagues that adding Epstein as a customer could be lucrative for Deutsche Bank, possibly bringing in flows of $100-300 million over time, or more, meaning potential revenue of $2-4 million annually over time, according to the lawsuit. The memo contained information about Epsteins plea deal and prison sentence for procuring minors for prostitution.When Epstein started the process of migrating funds in September 2013, Morris got the credit. Packard wrote, copying colleagues on the email: Great news! Congrats Paul.Deutsche Bank managers were amping up their efforts to win over wealthy customers through a key client partners push. In a December 2013 email touting his success landing a big account, Morris described a client matching Epstein's profile and listed his strengths as a Deutsche Bank customer: Billionaire entrepreneur; family office, philanthropist, as well as being a Highly sophisticated private investor and trader across asset classes and derivatives and One of largest brokerage clients at JP Morgan with Multiple relationships across the street.A former employee who worked in Morriss division recalled that a document was sent to all banking teams, showcasing who closed the most business, according to one Federal Bureau of Investigation interview published in the cache of Justice Department documents, the details of which werent confirmed. The employee recalled that, at the time, Epstein was Morriss only client, but that he was looking for an introduction to Leon Black.Epsteins network earned him an unusual designation within Deutsche Bank, correspondence shows. Its typical for a bank to label a high-profile politician or government official as a politically exposed person, or PEP for short. Epstein whose network included Andrew Mountbatten-Windsor, Prince Andrew at the time, and former President Bill Clinton was designated within Deutsche Bank as an honorary PEP and high-risk client, according to the lawsuit. The two designations meant he should have been subject to enhanced transaction monitoring of activity within his accounts.By 2015, concerns about continuing to bank Epstein were boiling over. Bank compliance officials were worried about his big cash withdrawals and payments to Russian accounts, which sent up red flags for sex trafficking and coercive commercial sex acts, the files show. Two men were sent to talk over these issues with Epstein in person, according to the complaint against Deutsche Bank. One was Packard, and the other was Morris.The two men met Epstein at his Manhattan mansion, at a bar adjacent to his indoor swimming pool, and the financier offered explanations, but Morris and Packard suspiciously, or tellingly, didnt make any contemporaneous recording of the meeting, according to the lawsuit.At Deutsche Bank, Epsteins friends and contacts continued to prove valuable. A few months after the meeting at Epsteins home, there was an exchange about Blacks family office setting up and funding an account, and confirming Epstein would have the authority to transact on Blacks behalf, an internal Deutsche Bank email thread shows.We need to generate more ideas and flow please, Morris wrote to colleagues in April 2015. It wasnt until more than three years later that Deutsche Bank decided to cut Epstein off as a client.In 2023, Deutsche Bank would go on to pay $75 million to settle the suit with Epsteins victims, who accused the lender of facilitating his sex-trafficking operation by maintaining his accounts. The same year, JPMorgan settled with Epstein victims for $290 million, on a set of similar allegations.Morris departed Deutsche Bank for Bank of America in 2016. Epstein never became a client at Merrill Lynch, according to a person with knowledge of the matter who asked not to be identified discussing information that isn't public. But Morris, who continues to run his practice as The Morris Group within Merrill Lynch in New York, kept reaching out to Epstein.Hope youre well. Please let me know if you have any relationships that are looking for aircraft, yacht, art, hedge fund portfolio etc. thanks, Morris wrote to Epstein in 2017.In January of the following year, Morris wrote to Lesley Groff, Epsteins assistant, wishing her a happy new year and arranging time to drop off gifts for her and Epstein. Subsequent messages suggest the gifts were delivered, with Groff thanking Morris for the very nice gift of Kiehls products! So nice of you to think of me. :)Days after the planned gift dropoff, Morris asked Groff if Epstein was in town. He followed up again to see if Epstein might have a few minutes for a phone call.Other opportunities appeared to emerge as he kept up a rapport of his own to Epstein, such as the call arranged for Mottola and Morris. (Attorneys for Mottola have said he knew nothing about Epsteins crimes.)Morris also continued to seek Epsteins input on investment topics. In one case, Morris sent him a story about opportunity zones, which awarded tax breaks to investors for developing real estate or funding businesses in low-income areas.Hope all well, are you doing anything around these or clients? Morris wrote to Epstein in January 2019.By July of that year, a Capital Market Outlook from Morriss account a roundup of market news sent out regularly now that he was a private-wealth manager at Merrill Lynch landed in Epsteins inbox. Its not clear if Epstein ever opened it. Days later, he was arrested.

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INDIA MARKET | Thu, 28 May 2026, 7:21PM IST Total income rises to Rs 199.06 crore during the January-March period of 2025-26 fiscal from Rs 134.34 crore in the corresponding period a year-ago, according to a regulatory filing on Wednesday.

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INDIA BUSINESS | Thu, 28 May 2026, 7:21PM IST Commercial shipping traffic through the Strait of Hormuz nearly came to a halt on Thursday as fears of renewed military escalation between the US and Iran intensified. Ship-tracking data showed no commercial vessels crossing the key oil chokepoint Thursday morning after only six two-way crossings on Wednesday.

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INDIA MARKET | Thu, 28 May 2026, 7:19PM IST Under the European Union's crypto rules, MiCA, crypto companies have until June 30 to get a licence to continue operating in the bloc. European regulators have already warned that companies without licences need to have "orderly wind-down plans" in place.

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INDIA BUSINESS | Thu, 28 May 2026, 7:19PM IST The country has announced that key commodities will soon be exported only through a state-run agency

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INDIA MARKET | Thu, 28 May 2026, 7:16PM IST The European Central Bank keeping rates on hold in April was a "close call", minutes released Thursday said, the latest sign that the bank is preparing to raise the cost of borrowing. Adding to evidence of a hawkish shift in ECB communications, Thursday's minutes said keeping rates where they were had been "a close call", conditional on the bank stressing it was keeping a close eye on prices.

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