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State Bank of India achieved its second-highest annual corporate profit, reaching ₹83,299 crore. Despite robust loan growth, investor sentiment dipped due to margin pressures and treasury losses. The bank's net profit rose 6% in the fourth quarter. Chairman CS Setty expressed confidence in continued credit growth for the current fiscal year.
IMF has approved $1.32 billion for Pakistan after completing a programme review, according to Reuters and IMF statements. The funds come under EFF and RSF facilities, taking total support to $4.8 billion. Disbursement is tied to continued reforms on fiscal discipline and stability
Tamil Nadu swearing-in LIVE Updates: The IUML denied support to the TVK, while the Viduthalai Chiruthaigal Katchi [VCK] is yet to confirm its support to Vijay. Stay tuned to this blog for the latest updates on the Tamil Nadu government formation and swearing-in ceremony.
A 19-year-old in New York's Bronx said that he was wrongfully detained by ICE agents on Wednesday and was left bleeding in a park, after agents realised mistake. The incident comes as ICE continues crackdown on immigrants in the US
The US announced that Israel and Lebanon will resume negotiations in Washington on May 14-15 amid renewed cross-border tensions. The talks come as Hezbollah launched missiles at an Israeli military base following fresh Israeli strikes in Lebanon.
The S&P 500 and Nasdaq reached record highs, driven by AI-related stocks like Nvidia and Sandisk, alongside a resilient jobs report. Despite broad sector declines, strong first-quarter earnings, particularly from tech giants, fueled investor optimism. This surge occurred despite rising oil prices and Middle East tensions, highlighting the market's focus on corporate performance and economic strength.
Applied Aerospace & Defense, a government contractor backed by private equity, has filed for a U.S. IPO after seeing its revenue jump 24.8% to $498.8 million in 2025. Despite a net loss of $17 million, the company's strong growth and its role in supplying critical defense hardware are drawing attention.
World News Today Live Updates on May 9, 2026: Stay informed on global events with our in-depth world news coverage, bringing you the latest developments across politics, economy, and culture. Discover insights into international affairs, breaking news, and the trends shaping our interconnected world, all in one place.
Qatari PM Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani expressed optimism about a diplomatic solution between the US and Iran despite rising tensions, while warning that the closure of the Strait of Hormuz is harming global interests.
Artificial intelligence startup Anthropic has secured a significant computing deal worth $1.8 billion with Akamai Technologies. This agreement addresses the growing demand for Anthropic's AI software. Akamai's stock saw a substantial rise following the announcement of a long-term cloud deal with a major AI partner. The company is well-positioned to access necessary components for AI development.
Odyssey Therapeutics debuted on Nasdaq with an 11.1% surge, reaching a $899.9 million valuation. The autoimmune disease specialist successfully raised $279 million in its IPO, exceeding its target. This strong performance signals a revitalized biotech IPO market, with investors showing renewed confidence. Founder Dr. Gary D. Glick's prior success further bolsters investor appeal.
Strong U.S. hiring data in April has diminished the likelihood of Federal Reserve interest rate cuts this year, bolstering the stance of officials concerned about rising inflation. The robust job market, coupled with surging energy prices, suggests the Fed may need to maintain current rates for an extended period, impacting prospective Fed Chair Kevin Warsh's policy goals.
Jane Street achieved a record $16.1 billion in trading revenue for the first quarter, driven by market volatility and gains in AI company stakes. The firm more than doubled profits to $10.3 billion, solidifying its lead in high-frequency trading. Medium-frequency strategies and investments in AI firms like Anthropic and CoreWeave significantly boosted performance.
I asked ChatGPT one simple question: Who is Hollywood’s true GOAT? The prompt entered into the AI chatbot asked it to evaluate actors based on longevity, consistency, acting range, critical acclaim, awards recognition and cultural impact. Here is what it said…
Norman Vincent Peale believed positive thinking helps people overcome adversity and focus on solutions instead of setbacks. His quote reminds us that optimism is not ignoring problems, but choosing resilience, hope and growth even during life’s most difficult moments.
Vodafone Group Plc is working on a proposal to shore up the capital of its listed Indian affiliate, as the venture seeks to turn over a new leaf after the Indian government cut a bill for outstanding spectrum fees, people with knowledge of the matter said.
The US said it disabled two Iranian oil tankers near the Strait of Hormuz after overnight clashes with Iranian forces, amid stalled peace talks and a fragile ceasefire. Tehran accused Washington of violating international law as both sides warned of renewed military action.
