Business
SBI shares extend fall to 20% from peak after Q4 NIMs contraction rattles investors. What’s ahead for investors?
SBI shares have lost momentum since hitting their 52-week high of Rs 1,235 on the NSE. The stock rallied 60% between May and February, outperforming the sector and most of its PSU bank peers. But its underperformance is not an isolated event as domestic markets have had a rough ride in 2026, so far. While Nifty and Bank Nifty are down 10% year-to-date, the sectoral benchmark Nifty PSU bank has declined over 5% in this period.
After the state-lender reported its quarterly earnings, the Street responded negatively, worried about the margins. The country’s largest PSU bank saw its net interest margins (NIMs) contract both year-on-year and sequentially, while net interest income (NII) declined 1.4% quarter-on-quarter. SBI also reported a fall in operating profit for Q4FY26.
The operating profit stood at Rs 27,704 crore, falling 16% YoY and 11.5% QoQ versus Rs 31,286 crore in Q4FY25 and Rs 32,862 crore in Q3FY26.
The PSU lender’s net interest income (NII) stood at Rs 44,380 crore, sliding 1.35% QoQ. The NII, which is the difference between interest earned and interest expended, rose 4% YoY.
Commenting on the current trends, Dr. Ravi Singh, Chief Research Officer from Master Capital Services said selling pressure in SBI followed its latest quarterly results, with the stock slipping sharply from the Rs 1,100 zone. “Although the bank continues to report strong overall profitability and stable asset quality, investors appeared concerned about pressure on margins and slower earnings momentum going ahead. The sharp decline in the stock reflects profit booking after a strong rally seen over the past year,” he said.
The public sector lender reported a standalone net profit rose 6% YoY to Rs 19,684 crore in the fourth quarter. The same stood at Rs 18,643 crore in the last year’s quarter. The profit beat the analysts’ estimates of Rs 18,898 crore.SBI’s Q4FY26 earnings missed estimates on the back of a collapse in margins despite healthy growth on both sides of the balance sheet and a strong fee income profile, said HDFC Securities in a note, echoing a similar sentiment.
The loan book grew 17% YoY continuing to outpace the system, led by the corporate and overseas segment but deposit growth of 11% YoY raises liquidity risks.
Brokerage view
HDFC Securities expects SBI to continue benefiting from productivity and efficiency gains along with stable asset quality, helping sustain RoA at around 1.1%. It reiterated its ‘Buy’ rating on the stock with a revised target price of Rs 1,195 and maintained SBI as its top pick among PSU banks.
The brokerage further noted that asset quality improved across segments and credit costs moderated despite a slight uptick in gross slippages.
Axis Securities believes SBI remains well-placed to deliver healthy medium-term earnings growth supported by steady credit expansion, improving fee income and stable asset quality. While margins saw some pressure in Q4, the brokerage highlighted management’s confidence in sustaining domestic NIMs near 3% through a better asset mix, stronger CASA mobilisation and lower reliance on expensive bulk deposits.
Axis Securities also pointed to multi-decade low asset quality stress levels across domestic and overseas portfolios and expects the transition to the Expected Credit Loss framework to remain smooth. It further expects improving operational efficiency and rising cross-sell intensity to support profitability, enabling SBI to sustainably deliver around 1% RoA through the cycle.
What charts suggest?
Decoding the charts, Dr. Singh said the SBI chart has turned weak from the near term perspective as the stock has broken below key short-term support levels, while RSI has moved close to the oversold zone, indicating bearish momentum is still dominant. Rising volumes during the fall suggest institutional selling as well.
In his view, SBI’s strong fundamentals, healthy loan growth, improving balance sheet quality, and strong leadership within the banking sector augur well for the stock’s prospects. The Rs 960 area now becomes an important support zone, while recovery above Rs 1,000 could help sentiment stabilise again, he added.
(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)
Business
Slideshow: Protein innovation continues to trend

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Claude AI Down Today? App Faces Intermittent Glitches but No Major Outage on May 13
SAN FRANCISCO — Anthropic’s Claude AI showed no widespread outage Wednesday, May 13, 2026, with official status pages and major monitoring services reporting all systems operational, though scattered user complaints of slow responses, elevated errors on specific models and login hiccups continued to surface amid surging demand for the popular chatbot.

Anthropic’s official status page at status.claude.com indicated full operational status across core services including claude.ai, the API, Claude Code, Claude Console and Claude for Government as of mid-morning Pacific time. The page noted a resolved partial outage from May 12 involving elevated errors on Claude Sonnet 4.6 and Haiku 4.5, but no active incidents for today.
Downdetector, which aggregates user reports, showed minimal activity in the past 24 hours with no significant spike. Most recent complaints clustered around Claude Code and chat functionality, but overall reports remained low compared to previous major disruptions in March and April 2026.
The absence of a full-scale outage comes as a relief for millions of daily users who rely on Claude for coding, writing, research and creative tasks. Yet the “again” sentiment echoed across forums reflects Anthropic’s pattern of intermittent issues as the company scales rapidly to meet explosive demand following several high-profile model releases.
Claude has experienced multiple notable disruptions in 2026. On May 12, Anthropic acknowledged investigating elevated errors on Sonnet and Haiku models. Earlier incidents included major outages in April with login failures, 500 errors and API instability that affected thousands. A significant March 2 event left claude.ai unavailable for hours amid login and connectivity problems.
These episodes highlight the challenges facing frontier AI labs. Unprecedented user growth — Claude frequently tops app store charts and developer adoption lists — strains infrastructure even as Anthropic invests heavily in compute and reliability. Company statements often cite “high demand” as a contributing factor during resolutions.
For users checking today, most reported normal access to claude.ai and the web interface. Some noted slower generation times or occasional throttling, particularly during peak hours in major time zones. API users generally experienced fewer problems than consumer-facing surfaces.
Troubleshooting common issues remains straightforward. Clearing browser cache, trying incognito mode, switching networks or using the mobile app often resolves temporary glitches. For persistent problems, Anthropic recommends checking the status page first and waiting briefly, as many incidents self-resolve within minutes to hours.
Enterprise and developer users face higher stakes. Claude Code, popular for programming assistance, has drawn particular complaints during past outages. Businesses integrating the API into workflows have explored redundancy strategies, such as fallback to other models or self-hosted alternatives, to mitigate downtime risks.
Anthropic has improved transparency with its public status page and faster incident acknowledgments compared to early 2026. The company routinely posts updates during investigations and marks resolutions promptly. However, the frequency of issues has fueled user frustration and discussions about infrastructure maturity relative to competitors like OpenAI’s ChatGPT.
Broader context shows AI services remain inherently complex. Training and serving massive models requires enormous compute clusters, sophisticated load balancing and rapid scaling. Demand surges from viral features or new releases often expose bottlenecks before optimizations catch up.
Claude’s strengths — strong reasoning, coding capabilities and safety focus — continue driving loyalty despite reliability hiccups. Many users tolerate occasional downtime in exchange for what they describe as superior output quality on complex tasks. Power users maintain multiple AI subscriptions as a hedge.
As of 10 a.m. PDT on May 13, no new incident had been posted on Anthropic’s status dashboard. Social media chatter on X and Reddit showed routine usage rather than mass outage reports. Some users mentioned minor slowdowns, but the consensus pointed to normal operations with typical variability.
Looking ahead, Anthropic faces pressure to enhance resilience as Claude’s user base expands. Future updates may include better redundancy, predictive scaling and clearer communication during partial degradations. For now, the service appears stable today, offering reassurance to students, professionals and developers counting on it.
Users experiencing problems today should first verify via status.claude.com or Downdetector. Simple workarounds like restarting sessions or trying different models often suffice. Anthropic continues iterating quickly, balancing innovation with the operational demands of serving a global audience hungry for advanced AI assistance.
While Claude avoided another full “down again” episode on May 13, its history of intermittent issues underscores the growing pains of mainstream AI adoption. As reliance on these tools deepens, reliability will remain a key competitive battleground. For most users Wednesday, Claude delivered as expected — powerful, helpful and ready for the day’s tasks.
Business
Cargill launches cocoa alternative with Voyage Foods

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Business
Paysafe Limited 2026 Q1 – Results – Earnings Call Presentation (NYSE:PSFE) 2026-05-13
Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team
Business
Global Popularity Showdown as BLACKPINK’s Comeback Edges Out TWICE’s Touring Power
SEOUL — In the fiercely competitive world of K-pop girl groups, BLACKPINK and TWICE remain the two dominant forces heading into mid-2026, with BLACKPINK reclaiming momentum through a blockbuster comeback while TWICE sets attendance records on the road. The eternal debate — which group reigns supreme globally — shows BLACKPINK holding a slight edge in overall metrics, though TWICE’s dedicated fanbase and live draw keep the race compelling.
BLACKPINK, under YG Entertainment, made a triumphant return in early 2026 with their third mini-album DEADLINE. The release shattered first-day sales records for a K-pop girl group, moving over 1.46 million copies worldwide on day one and surpassing 1.77 million in the first week. The title track “JUMP” and follow-up “GO” dominated global charts, with “GO” claiming No. 1 on YouTube’s global weekly chart and strong Spotify performance.
As of mid-May 2026, BLACKPINK leads as the most-streamed K-pop girl group on Spotify for the year, surpassing 800 million streams and becoming the first female act to hit that milestone in 2026. The group boasts approximately 23 million monthly listeners, with a massive catalog advantage from hits like those on DEADLINE. Their world tour supporting the album spans major stadiums across 16 cities and 33 shows, building on the success of the record-breaking Born Pink tour that drew over 1.8-2.1 million fans previously.
Brand reputation rankings reinforce BLACKPINK’s position. In January and February 2026 analyses, they consistently ranked No. 1 or No. 2 among girl groups, ahead of TWICE. Their global digital artist rank remains in the top five, driven by international appeal, solo successes from Jennie, Lisa, Rosé and Jisoo, and massive YouTube presence.
TWICE, from JYP Entertainment, counters with consistency and unmatched touring strength. Their This Is For world tour shattered records in 2026, drawing an estimated 550,000 fans across the North American leg alone — the highest attendance for a K-pop girl group in the region. The tour expanded to Europe and Japan, with three shows at Tokyo National Stadium pulling 240,000 attendees. Overall, TWICE has demonstrated robust ticket power, often outpacing newer acts in live revenue and scale.

Streaming-wise, TWICE trails BLACKPINK slightly in 2026 but remains competitive, reaching 600-700 million Spotify streams early in the year and ranking as the second-most streamed girl group in several periods. Their album This Is For performed strongly in the U.S., becoming one of the top-selling K-pop girl group releases there. TWICE also leads in longevity metrics, with extended charting on platforms like Spotify and Apple Music.
Fanbases tell a nuanced story. BLINKs benefit from BLACKPINK’s broader casual recognition and solo stardom, which boosts group visibility. ONCEs pride themselves on loyalty and organized support, fueling TWICE’s touring success. Social media debates rage, with some arguing TWICE has gained ground in the U.S. and Japan through consistent releases, while BLACKPINK dominates overall global searches, brand deals and cultural impact.
Album sales favor BLACKPINK in headline moments, but TWICE excels in cumulative physical and digital units over time. TWICE has moved millions in Japan and maintains strong domestic support. BLACKPINK’s DEADLINE era not only set sales benchmarks but also revived their dominance in digital points on charts like Circle.
Global metrics highlight BLACKPINK’s lead. They boast higher YouTube subscribers and views, stronger Google Trends in many regions, and more universal name recognition. Solo activities amplify this: Lisa and Jennie frequently trend worldwide. TWICE, however, shines in dedicated markets like North America for live events and maintains a wholesome, approachable image that resonates with multi-generational fans.
Industry observers note both groups benefit from the post-BTS K-pop boom. BLACKPINK’s four-year hiatus before DEADLINE built anticipation that paid off massively, while TWICE’s steady output prevented any dip in relevance. Newer acts like IVE and LE SSERAFIM challenge them in brand rankings, but the veterans hold the top spots in cumulative influence.
Touring revenue underscores live power. TWICE’s 2026 North American success sets benchmarks, yet BLACKPINK’s stadium-scale ambitions position them for even larger grosses when fully deployed. Both groups excel where newer acts struggle — translating streams into ticket sales and sustained careers.
Social sentiment and polls often split along generational lines. Older fans lean BLACKPINK for pioneering global breakthroughs; younger ones appreciate TWICE’s relatability. Fan-voted rankings frequently place BLACKPINK higher overall, though TWICE wins in specific territories.
Looking ahead, BLACKPINK’s momentum from DEADLINE and the ongoing tour likely solidifies their position as the more popular group globally in 2026. Their blend of massive digital impact, brand power and star quality gives a broader reach. TWICE, however, proves unmatched consistency and fan connection, particularly in live settings, ensuring they remain a powerhouse.
The rivalry elevates both. BLACKPINK sets records in sales and virality; TWICE in attendance and loyalty. Neither shows signs of fading, with potential for joint or competitive dominance in the years ahead. For now, BLACKPINK holds the slight global edge, but TWICE’s resilience makes the contest far from over.
As K-pop matures, these two groups exemplify different paths to success: explosive global phenomena versus steadfast, fan-driven empires. Fans win either way, enjoying high-quality music, spectacular performances and the thrill of the ongoing debate.
Business
Danone North America to close New Jersey facility

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Business
RWE Aktiengesellschaft 2026 Q1 – Results – Earnings Call Presentation (OTCMKTS:RWEOY) 2026-05-13
Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team
Business
Mixed reviews for R&D tax overhaul amid 'complexity' and investment fears
Changes to the research and development tax incentive have received a mixed review from industry and experts, with some warning it risked legitimate research missing out on funds.
Business
London traders hit by 'king of mangoes' shortage
London’s Alphonso mango supply is down this year due to fewer imports and higher prices for shoppers.
Business
Nebius Stock Spikes After Earnings. The AI Neocloud Sees ‘Unprecedented Demand.’
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