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hsbc CEO Georges Elhedery urged employees to embrace AI, acknowledging it will eliminate some roles while creating new ones. This comes as the bank reportedly explores a significant overhaul potentially impacting 20,000 jobs globally. hsbc is investing in AI tools and staff training to navigate this automation shift.

Morgan Stanley predicts AI could boost European banks' productivity by 30%, potentially leading to job cuts of up to 20% in the next five years. Analysts suggest these reductions may occur through voluntary exits, while AI also offers revenue growth opportunities by improving customer targeting. Several European banks are already exploring AI-driven restructuring, with some announcing significant support role reductions.

British tennis player Emma Raducanu continues to remain one of the biggest names in women’s tennis in 2026. The former US Open champion has built a huge fortune through prize money, sponsorships, and business ventures. Her performances on the court have been inconsistent in recent years. However, her popularity around the world remains very strong.

Aaron Rai created history after winning the 2026 PGA Championship at Aronimink Golf Club on May 17, 2026. The English golfer became the first player from England to lift the Wanamaker Trophy since Jim Barnes achieved the feat in 1919. His victory also ended a 10-year streak of American winners at the PGA Championship.

JP Morgan CEO Jamie Dimon predicts artificial intelligence will reduce some banking jobs. The bank plans to hire more AI specialists and fewer traditional bankers. This shift will be managed through employee turnover and retraining. Other global banks also see AI impacting support roles and back-office operations. The pace of change requires careful societal consideration.

Bengaluru's upcoming Blue Line Metro could run entirely on solar power, a study by IISc's Sustainable Transportation Lab reveals. Land owned by BMRCL is sufficient for solar panel installation across stations, viaducts, and depots. This initiative promises significant annual savings, with a payback period of under two years, making it a financially sound infrastructure investment.

hsbc initiates SRF coverage with a buy, citing strong growth potential in specialty chemicals and performance films. Jefferies is bullish on Grasim, expecting increased capital availability for growth. Nomura sees Adani Ports expanding its marine business significantly in Europe. CLSA maintains a hold on Tata Power, believing the worst is over.

Arundhati Bhattacharya, Naina Lal Kidwai, Chanda Kochhar, Shikha Sharma were all leading some of the country’s largest financial institutions. Today, a striking number of global capability centres run in India by American, European and British banks and financial services firms are led by women. These centres span everything from core banking technology and risk management to advanced analytics and operations, supporting some of the world’s largest financial institutions and increasingly shaping how they function globally

China's economic recovery is facing headwinds as factories slow and consumer spending falters, with April data revealing a significant slowdown. Weak domestic demand, coupled with a challenging global environment marked by geopolitical conflicts and rising energy costs, is squeezing growth. While exports remain strong, they are insufficient to offset internal weaknesses, prompting concerns about the need for further policy support.

The CEA’s words could not be more direct and the situation the world’s sixth largest economy faces is by no means small. Several macroeconomic indicators are in focus; inflation, health of the current account, and the exchange rate.

Indian Hotels saw strong Q4FY26 results with revenue up 14% and profit by 15%, driven by robust hotel operations. UPL's Q4FY26 revenue grew 18%, but earnings were impacted by provisions. Oberoi Realty's Mumbai market shows promise, while PVR reported a 24% revenue jump. Nuvama's wealth and asset servicing segments are performing well.

China's exports surged 14.1% in April, significantly exceeding expectations and bolstering the nation's economy despite global uncertainties. This strong performance precedes a crucial meeting between US and Chinese leaders, where trade tensions and other disputes are expected to be discussed. Analysts anticipate continued export-driven growth for China this year.

Alphabet, Google's parent company, has launched a new multi-tranche euro bond offering, aiming to raise at least €3 billion. This move follows a significant US dollar bond sale and aims to fund general corporate purposes, including substantial investments in AI data centers. The offering highlights tech giants' increased capital-raising efforts for long-term AI infrastructure development.

Indian stock markets are poised for a volatile week, with state election results and elevated crude oil prices due to West Asia tensions taking center stage. Investors will closely monitor the impact of these factors on inflation, the rupee, and corporate earnings. Key economic data and corporate announcements are also expected to influence market movements.

Analysts are bullish on Bajaj Finance, IIFL Finance, and Navin Fluorine, citing strong quarterly results and positive future outlooks. Federal Bank is seen as fairly valued, while Waaree Engineering's revenue beat expectations despite margin concerns. Investors are watching these key companies closely.

Markets brace for a crucial week as investors await state election results, with potential impacts on sentiment. Developments in the West Asia conflict and their influence on crude oil prices remain a significant concern for India's import-dependent economy. Key economic data and Q4 earnings will also shape market movements.

Goldman Sachs maintained a buy rating on Reliance Industries, citing potential margin recovery and strong retail growth despite a Q4FY26 EBITDA miss. Nomura also holds a buy on Axis Bank, highlighting attractive valuations and strong loan growth. hsbc recommends buying Shriram Finance, anticipating RoA expansion despite revised AUM growth forecasts.

JPMorgan has shifted its stance on Indian equities to neutral, citing high valuations and geopolitical uncertainties. The brokerage warns of a potential 15% Nifty 50 decline in a worst-case scenario, impacting earnings due to energy supply risks. While the long-term outlook remains robust, near-term caution is advised, with other emerging markets potentially offering better opportunities.

The fall in HCL Technologies’ stock price wiped out around Rs 38,000 crore in market value and brought its total market capitalisation down to about Rs 3,53,000 crore.

Raising a child in India is a significant financial undertaking, with costs escalating due to inflation and education expenses. Parents face the challenge of balancing everyday needs with long-term savings for their child's future, often requiring sacrifices and careful financial planning from early on.

Ola Electric is launching a 'Sona Weekend' sale with up to Rs 50,000 in benefits and a chance to win a gold-themed scooter. Special pricing on S1 X and Roadster X models, plus discounts and extended warranties, are available for a limited time. A unique gold-plated S1 Pro Sona edition is also featured.

Analysts are bullish on Adani Enterprises, HAL, and Trent, citing growth drivers like new energy and engine co-production. Aurobindo Pharma's biologics expansion shows promise but financial gains are distant. Aditya Birla Capital's housing finance arm impresses with strong loan growth and improved asset quality, despite minor revenue misses.

Emkay Global initiated coverage of Avenue Supermart with a sell rating, citing its high valuation. Morgan Stanley resumed coverage of UPL with an equal weight rating, seeing potential in global crop chemical volume revival. hsbc initiated coverage of Acme Solar with a buy rating, highlighting its rapid growth and long-term earnings visibility.

TCS receives a 'buy' rating with a Rs 3,100 target, showing improved international business and strong bookings. Eicher Motors' electric Flying Flea is noted, though mainstream adoption needs further refinement. Delhivery's share price remains resilient amid fuel concerns, with robust near-term demand. JSW Steel's Q4FY26 production saw a dip due to expansion shutdowns.