Business
Indian Economy Remains Sound Amid Persistent Global Challenges: RBI
New Delhi: India’s economy continues to grow strongly on the back of robust domestic demand, despite persistent global challenges, according to the Financial Stability Report (FSR) of the Reserve Bank of India (RBI). The Financial Stability Report (FSR) is a half yearly publication that includes contributions from all financial sector regulators. It presents the collective assessment of the Sub Committee of the Financial Stability and Development Council on current and emerging risks to the stability of the Indian financial system.
Benign inflation in India, fiscal consolidation, and prudent macroeconomic policies have enhanced economic resilience, the RBI report noted on Wednesday. The domestic financial system remains sound, supported by strong balance sheets, easy financial conditions, and low market volatility, it supplemented, the report said.
The economy and the financial system, however, faces near-term risks from external uncertainties – geopolitical and trade related, it, however, cautioned. “These factors could increase exchange rate volatility, dampen trade, reduce corporate earnings, and lower foreign investment,” it noted.
A sharp correction in US equities could influence domestic equities and tighten financial conditions. However, the economy and financial system have strong buffers to withstand adverse shocks. Globally, growth has proven more resilient than expected despite trade tensions, geopolitical risks, and uncertainty around economic policy, supported by front-loaded trade, fiscal measures, and strong AI-related investment.
Nonetheless, risks to the outlook remain skewed to the downside due to still elevated uncertainty, high public debt, and the risk of a disorderly market correction, the RBI report said. “Financial markets appear strong on the surface but show growing underlying vulnerabilities. Sharp rise in equities and other risk assets, high hedge funds’ leverage, expanding opaque private credit markets and growth of stablecoins all heighten global financial system fragilities,” it added.
Ample liquidity is supporting risk-on sentiment across asset classes, but a sharp correction – especially if AI optimism fades – could spill over to the broader financial system, given rising interconnectedness, the RBI report said, delving into global macrofinancial risks.
Business
IT And Cybersecurity Stocks To Be Watched As Claude Code Security Rattles US Market
Last Updated:
Anthropic launched Claude Code Security to scan code for vulnerabilities. Cybersecurity stocks in US dropped over concerns AI could disrupt the industry.

Claude Code Security Impact: IT, Cybersecurity Shares May See Action On Monday
IT and cybersecurity stocks in India may see action on Monday, February 23 when the market opens, as AI firm Anthropic launched Claude Code Security, a new capability built into Claude Code on the web.
The new feature scans codebases for security vulnerabilities and suggests targeted software patches for human review, allowing teams to find and fix security issues that traditional methods often miss.
What’s The Fear?
The new feature has posed a threat to IT and cybersecurity companies, as Claude Code will provide cybersecurity services to teams.
Companies may rely less on legacy scanning tools and cut spending on traditional enterprises.
“This is a pivotal time for cybersecurity. We expect that a significant share of the world’s code will be scanned by AI in the near future, given how effective models have become at finding long-hidden bugs and security issues,” Anthropic said in the blog.
Attackers will use AI to find exploitable weaknesses faster than ever. But defenders who move quickly can find those same weaknesses, patch them, and reduce the risk of an attack.
This has triggered a fear in the US market last week, in which cybersecurity stocks, including CrowdStrike, Palo Alto, Zscaler suffered a heavy sell-off.
CrowdStrike, US cybersecurity technology company, led the heavy beating with shares falling almost 8 per cent to $338.60 per share. Zscaler also dropped sharply by 5.47 per cent to $159.75 per share.
How Claude Code Security works
Rather than scanning for known patterns, Claude Code Security reads and reasons about your code the way a human security researcher would: understanding how components interact, tracing how data moves through your application, and catching complex vulnerabilities that rule-based tools miss.
Every finding goes through a multi-stage verification process before it reaches an analyst. Claude re-examines each result, attempting to prove or disprove its own findings and filter out false positives.
Findings are also assigned severity ratings so teams can focus on the most important fixes first.
Validated findings appear in the Claude Code Security dashboard, where teams can review them, inspect the suggested patches, and approve fixes.
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Business
Market cap of six top-10 firms jump Rs 63,478 crore
New Delhi: The combined market valuation of six of India’s top-10 most valued companies rose by Rs 63,478.46 crore last week, with Larsen & Toubro and State Bank of India emerging as the biggest gainers. The broader market also ended the week on a positive note, as the 30-share BSE Sensex advanced 187.95 points, or 0.22 per cent.
Among the gainers, Larsen & Toubro saw its market capitalisation jump by Rs 28,523.31 crore to Rs 6,02,552.24 crore. State Bank of India added Rs 16,015.12 crore, taking its total valuation to Rs 11,22,581.56 crore. The market value of HDFC Bank climbed by Rs 9,617.56 crore to Rs 14,03,239.48 crore. Similarly, Life Insurance Corporation of India gained Rs 5,977.12 crore, pushing its valuation to Rs 5,52,203.92 crore.
Bajaj Finance also witnessed an increase in its market capitalisation by Rs 3,142.36 crore to Rs 6,40,387 crore. However, not all companies ended the week on a positive note. The market capitalisation of Bharti Airtel declined sharply by Rs 15,338.66 crore to Rs 11,27,705.37 crore.
ICICI Bank also saw its valuation fall by Rs 14,632.10 crore to Rs 9,97,346.67 crore. The mcap of Infosys dropped by Rs 6,791.58 crore to Rs 5,48,496.14 crore, while Tata Consultancy Services lost Rs 1,989.95 crore, bringing its valuation down to Rs 9,72,053.48 crore.
The most-valued company in the country include HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, Tata Consultancy Services, Bajaj Finance, Larsen & Toubro, Life Insurance Corporation of India, and Infosys in the ranking of the top-10 most valued firms.
Meanwhile, commenting on Nifty technical outlook, experts said that from a levels perspective, 25,800 stands as the immediate resistance, followed by 26,000 and 26,200. “On the downside, key supports are located at 25,300 and 25,100. A decisive break below 25,000 could increase downside momentum and accelerate corrective pressure,” an analyst stated.
Business
PM Modi warns against ‘Digital Arrest’ scams, Urges citizens to keep KYC updated
New Delhi: In his latest Mann Ki Baat address to the nation, Prime Minister Narendra Modi urged citizens to stay vigilant against growing digital scams that target unsuspecting users — especially those involving fraudulent claims of digital arrests or legal actions.
The Prime Minister also highlighted the importance of keeping Know Your Customer (KYC) information up to date across financial and digital platforms to avoid becoming a victim of fraud and to ensure seamless access to essential services.
What Are Digital “Arrest” Scams?
Digital arrest scams are a type of online fraud where criminals send messages — typically through SMS, email or messaging apps — claiming that the recipient has been “digitally arrested” or faces some legal trouble. These messages often include:
Fake links
Threatening language
Instructions to click or respond immediately
Once a victim interacts with the link, attackers can steal personal data, banking information, or install malware on the device. PM Modi warned that such scams are increasing in frequency, and citizens should be wary of unexpected messages that create panic or urgency.
Why Keeping KYC Updated Matters
KYC — short for Know Your Customer — is a process used by banks, telecom companies, digital payment apps and financial institutions to verify a person’s identity. Updated KYC records help:
Prevent fraud and identity theft
Enable secure access to banking and financial services
Ensure government welfare and subsidy schemes reach the right beneficiaries
The Prime Minister reminded people that keeping KYC details updated makes it harder for fraudsters to misuse personal information and easier for individuals to access services without interruption.
Tips to Avoid Digital Scams
PM Modi shared practical advice for all citizens to protect themselves online:
Don’t click on suspicious links — especially from unknown senders or unexpected messages.
Verify messages claiming legal issues — contact official authorities instead of reacting to urgent claims.
Use secure apps and websites — check URLs carefully and only use trusted platforms.
Regularly update passwords and security settings — avoid sharing OTPs or passwords with anyone.
The emphasis was on caution and common sense — an informed user is a safer user.
Broader Digital Awareness
Digital scams are not limited to arrest threats. Other common fraud tactics include:
Fake investment or win-money schemes
Fraudulent job offers
Phone call impersonations
Fake customer care messages
By staying alert and informed, citizens can spot red flags and report suspicious activity swiftly.
PM’s Message on Digital Safety
In his address, the Prime Minister emphasized that the digital revolution — from online banking to mobile payments and e-commerce — has brought tremendous convenience, but it also requires responsible use. While technology empowers users, it also opens opportunities for misuse if proper precautions aren’t taken.
Citizens were encouraged to educate family members, especially the elderly or less digitally fluent, about common scam patterns and digital safety measures.
Keep KYC Status Current
Updating your KYC might feel like a small administrative task, but PM Modi highlighted it as a key defense against fraud. Many services — such as bank accounts, mobile connections, insurance policies, mutual funds, and digital wallets — require up-to-date KYC to function smoothly.
Failing to update KYC can lead to:
Account blocks or freezes
Inability to receive government transfers or benefits
Greater risk of identity misuse
Regularly checking KYC status and updating it when required protects both your financial accounts and digital credibility.
The Bottom Line
In his Mann Ki Baat message, Prime Minister Narendra Modi delivered a simple but powerful point: stay alert, stay informed, and keep your digital and financial details updated. In an era where scams evolve rapidly, proactive citizens are the first line of defense.
By understanding common threats and following basic security practices — such as avoiding suspicious links and maintaining updated KYC — Indians can enjoy the benefits of digital connectivity without falling victim to fraud.
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