File photo: FM Nirmala Sitharaman Union finance minister Nirmala Sitharaman on Thursday urged banks to strengthen cybersecurity systems and adopt a more proactive approach to tackle emerging threats linked to advanced artificial intelligence models, particularly amid concerns over Anthropic’s “Claude Mythos”.Chairing a high-level meeting with bank chiefs alongside IT minister Ashwini Vaishnaw, Sitharaman directed lenders…

Consumer goods companies in India are facing a sharp rise in input costs due to the ongoing war in the Middle East. Surging raw material prices are forcing firms to track costs on a near-daily basis, review pricing frequently, and focus on short-term decisions instead of long-term planning.As firms are struggling with volatile input costs,…