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Heatwave Eases With Widespread Rain Forecast Across India, But Monsoon Outlook Remains Weak

In northwest India, including Delhi-NCR and nearby areas, residents can expect cloudy skies, strong winds and scattered thunderstorms.

Weather Today LIVE: Temperatures Dip In Many States, Weather Body Flags Below-Normal Monsoon

Weather Updates Today: Delhi remained under cloudy skies, logging its lowest maximum temperature in past 21 days. The IMD has forecast rain and thunderstorms across parts of north India, including Punjab, Himachal Pradesh, UP, Uttarakhand.

Delhi Weather: Clouds, rain bring sharp cooldown

Dell shares soar more than 30% on strong earnings

Dell's shares surged 33% on Friday as the PC maker's blockbuster results showed that ​its growing focus on AI servers was ​helping it capitalize on the data center boom, making the company one of ​the biggest beneficiaries of the new technology.The company, whose AI servers are crucial components in the global AI infrastructure build-out, is set to add $68 billion to its market value of about $206 billion, if gains hold.A household name in the ‌PC market, Dell ⁠has in ⁠recent years scaled up its AI hardware business. Dell's AI server revenue of $16.1 billion surpassed its PC unit's $14.6 billion in ​sales in the quarter.The company's infrastructure solutions segment, home to both traditional and AI-optimized servers as well as other storage, software ​and networking solutions, has consistently eclipsed PC business revenue in the past four quarters."We've been following Dell a long time and never seen anything like this. Not only do they get an "A" for ​execution, but you can make an argument that Dell is even ⁠the best ‌way to play AI out there," Melius Research analysts said.Dell's outlook for "AI and ​traditional servers are ​still very conservative," as the firm has stronger prospects for selling CPU racks to ⁠AI cloud providers like CoreWeave and Nscale, the brokerage said.The blowout ​quarter lifted shares of server makers Super Micro Computer and Hewlett Packard ​Enterprise 16% and 12%, respectively, while Dell's PC rival HP also rose 8%.Hewlett Packard Enterprise, which reports results on Monday, has also been prioritizing higher-margin product orders. But it has a smaller server business compared with Dell.Dell Chief Operating Officer Jeff Clarke acknowledged the ongoing "supply constrained" environment, particularly concerning memory chips, but said that its customers were actively securing supply for extended periods.The company has banked on balanced price ‌hikes as well as its scale and strong supplier relationships to wade through the memory crisis. Strong returns from its AI server business are also helping cushion the blow ​to margins ​from the soaring memory prices.HP, which ⁠focuses mostly on PCs and printers, reported 13.2% growth in its personal systemsdivision, while sales in Dell's PC business unit grew 17%, driven by a Windows 11 refresh cycle and growing focus on AI ​PCs.At least 13 brokerages raised their price targets on Dell stock following the results, giving it a median price target of $255, according to data compiled by LSEG. That is up from $170 before the report.Dell is on track to record its biggest one-day percentage gain if gains hold. It has a 12-month forward price-to-earnings ratio of 20.21, compared with HP's 8.39 and HPE's 14.70.

Google may finally have 'advantage' as companies' AI budgets hit millions of dollars

Google is promoting its Gemini 3.5 Flash model as a cost-saving alternative to expensive frontier AI systems. CEO Sundar Pichai stated that shifting 80% of AI workloads to a mix of Flash and other models could save major Google Cloud customers over $1 billion annually. This focus on affordability comes as businesses increasingly scrutinize rising AI spending.

Netweb Technologies jumps 15%, hits fresh 52-week high after rating upgrade

Shares of Netweb Technologies surged over 15% on Friday to hit their fresh 52-week high of Rs 4,680 on the NSE amid high volumes. The stock extended its gaining streak for the third session in a row, rising 21% in this period.The rally comes on the back of a ratings upgrade by CRISIL Ratings Limited. The company's Long-term rating has been upgraded to 'Crisil A+ / Stable'; while short-term rating reaffirmed to Crisil A1. Netweb offers computing solutions with fully integrated design and manufacturing capabilities. Its HCS offering comprises HPC, Private cloud and (HCI), AI systems and enterprise workstations, High performance storage (HPS) and Data Centre ServersCrisil Ratings believes NTIL will continue to benefit from the extensive experience of its promoters and established relationships with clients.The rating agency has also listed a slew of factors that will likely aid its growth. Among them are sustained revenue growth to over Rs 4,000 crore, with diversification across the end users earning steady operating margin at 13-14%, leading to higher-than-expected net cash accruals. Efficient working capital management leading to moderate dependence on debt and sustenance of healthy financial risk profile and liquidity will be another trigger according to CRISIL.It has also highlighted caveats that include the likelihood of decline in revenue below Rs 2,000 crores or fall in operating margin to below 11%, could lead to lower-than-expected net cash accrual. Meanwhile large, debt-funded capex or substantial increase in the working capital requirement, thus weakening the financial risk profile and liquidity.CRISIL shares have been market laggards, falling over 8% in 2026 while extending its decline to 24% over the past 12 months.Netweb Technologies reported Q4FY26 revenue from operations at Rs 774 crore, growing 87% year-on-year. Its operating EBITDA for Q4FY26 stood at Rs 97 crore while the adjusted operating EBITDA for Q4FY26 was Rs 102 crore, up 72% YoY, with a margin of 13.2%.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

RBI says banks can withstand severe shocks

The Reserve Bank of India (RBI) on Thursday said that India's financial sector remained resilient in 2025-26, supported by healthy bank and non-bank balance sheets, improved asset quality and strong capital buffers. The central bank affirmed confidence in India's banking sector, indicating that it remains healthy, with gross bad loans at multi-decadal lows and stress tests showing banks can withstand severe shocks without breaching capital norms."Stress test results reaffirmed the resilience of banks, indicating their ability to withstand losses under adverse scenarios while maintaining capital buffers well above the regulatory minimum," the central bank said in its Annual Report. RBI further highlighted that the financial sector remained resilient on the back of healthy bank and non-bank balance sheets, improved asset quality and capital buffers, enabling double-digit credit growth.Also read: India steers boat through a risky channel between war clouds and El NinoRBI noted that bank credit growth gained momentum across sectors and outpaced deposit growth during the year, leading to a rise in the credit-deposit ratio. The transmission of policy repo rate changes to banks’ deposit and lending rates also remained robust amid conducive liquidity conditions.Bank credit to the commercial sector grew 15.9% year-on-year in 2025-26, up from 10.9% a year ago, while credit from non-bank sources expanded 13.3%, underscoring the continued strength of financial intermediation in the economy, the report said.RBI noted that profitability of scheduled commercial banks remained robust alongside improvement in asset quality. The gross non-performing assets (GNPA) ratio declined to a multi-decadal low, while the capital to risk-weighted assets ratio (CRAR) remained comfortably above regulatory requirements.The report added that asset quality and capital adequacy of non-banking financial companies (NBFCs) remained strong during the year. Urban co-operative banks also witnessed improved credit and deposit growth along with robust capital buffers and higher profitability.The central bank further said the share of external benchmark-based lending rate (EBLR)-linked loans increased during the year, aiding faster monetary policy transmission, while the proportion of marginal cost of funds-based lending rate (MCLR)-linked loans continued to decline.RBI on Central Bank Digital Currency (CBDC)The RBI indicated that it expanded its experimentation with Central Bank Digital Currency (CBDC) during 2025-26 by launching multiple pilots linked to direct benefit transfer (DBT) schemes of the Centre and state governments.In its Annual Report, the central bank said programmable CBDC was used to deliver food subsidies under the public distribution system (PDS) in Gujarat, Puducherry and Chandigarh. Beneficiaries were credited subsidies through CBDC wallets that could be redeemed only for eligible commodities at fair price shops and designated merchants.The RBI said the pilots leveraged the programmability feature of CBDCs, allowing targeted use of funds and improving efficiency in subsidy delivery.The central bank also advanced efforts in tokenisation of financial assets through the development of the Unified Markets Interface (UMI), a multi-layer platform aimed at improving settlement efficiency using wholesale CBDC.“A pilot on tokenisation of certificates of deposit (CDs) was initiated on UMI,” the report said.On cross-border payments, RBI said it signed a memorandum of understanding with the Monetary Authority of Singapore (MAS) for collaboration on digital assets and held bilateral discussions with MAS and the Central Bank of the UAE (CBUAE) to operationalise a cross-border CBDC pilot.The RBI also joined multilateral initiatives led by the Bank for International Settlements (BIS) Innovation Hub, including Project Rialto and Phase 2 of Project Mandala, focused on improving cross-border payments using CBDCs.The report comes as central banks globally continue to explore digital currency infrastructure to improve payment efficiency, lower transaction costs and strengthen cross-border settlement systems.The research by the U.S.-based Atlantic Council think tank revealed that 146 countries & currency unions, representing over 98% of global GDP, are exploring a CBDC. There is a new high of 77 countries in the advanced phase of exploration, which includes development, pilot, or launch.

Satellite imagery shows massive cloud belt over north, central India; Delhi braces for more rain

A satellite image issued by the India Meteorological Department depicts a vast cloud band extending over much of North and Central India.

Meta Fired 8,000 Workers. Now, Zuckerberg Signals 'Cloud War' With Amazon

Mark Zuckerberg admitted that competing with Amazon, Microsoft, and Google is "definitely on the table".

IMD issues orange alert in nine Telangana districts today

Hyderabad and its surrounding areas for the next 24 hours will see a generally cloudy sky

Cloudflare CEO On AI Layoffs: Prince defends cutting measurers

Cloudflare is laying off over 1,100 employees, about 20% of its workforce, to restructure around AI adoption. CEO Matthew Prince explained the cuts target 'measurers' – roles like middle management and operations – as AI enhances efficiency. He believes AI will boost productivity for 'builders' and 'sellers', allowing greater investment in growth areas.

Chennai and surrounding areas to experience cloudy weather on May 24