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OMCs exclude sugarcane-based ethanol from FY27 tender, cut maize incentive
Bharat Petroleum Corporation invites bids for 11 billion litres to meet 20% petrol blending target
Tata Trusts 1,556 crore spending in FY26: Rural development, education and cancer care lead
Tata Trusts disbursed 1,556.31 crore in the year to March 2026, with rural development receiving the largest share. Chairman Noel Tata said the group is working toward a network of 40 to 50 not-for-profit general hospitals, where paying patients would help fund care for those unable to afford it.
Eight workers mowed down by speeding car in Punjab's Sangrur; 12 injured
Eight workers tragically lost their lives after being struck by a speeding car in Punjab's Sangrur district. The incident occurred on Lehragaga-Jakhal road near Alisher village while the workers were engaged in their duties. Authorities indicated that five workers died on the spot, while others sustained varying degrees of injuries. The district administration is providing necessary medical assistance to the injured individuals following the accident.
Infosys Q2 revenue growth likely to remain modest; analysts see guidance cut
According to a poll of brokerages, revenue for Q2FY27 is expected to range between 49,090 crore and 49,323 crore
The India Meteorological Department (IMD) has forecast continued rainfall across southern India from October 19 to October 24, 2026, with isolated heavy to very heavy rain likely in Tamil Nadu, Puducherry, Kerala, Karnataka and parts of Andhra Pradesh. Thunderstorms, lightning and gusty winds are also expected in several regions. Here is the state-wise weather forecast, including rainfall warnings, affected dates and the IMD's fishermen advisory for the southwest Arabian Sea.
Trump endorses Netanyahu for re-election, warns US could finish the job against Iran
US President Donald Trump has endorsed Israeli Prime Minister Benjamin Netanyahu, highlighting his leadership against Iran and calling him a reliable partner. Trump emphasized that Iran's threatening rhetoric could lead to serious consequences and commended Netanyahu's strength in dealing with various pressures. He warned of potential US involvement if the leadership in Israel changes. Trump's support is labeled as a complete and total endorsement for Netanyahu's re-election campaign.
RCom RP files curative petition, challenging February SC spectrum ruling
Resolution professional Anish Nanvaty seeks recall of the Supreme Court verdict excluding spectrum from IBC proceedings, arguing that the ruling causes irreversible harm to lenders
A stampede at Kolkatas Chorbagan Sarbojonin Durga Puja pandal killed 19 people and injured 25. The incident has drawn attention to limits in crowd-monitoring technology, including failures in dense, rainy conditions, and to risks posed by temporary structures under heavy rain and crowd pressure.
Regulator asks FBOs to ensure hygienic transport and storage across the supply chain to protect public health
The bank has maintained consistency in operating profit, net profit and other key parameters over the past four quarters, and expects the trend to continue, Chandra said.
Vedanta doubles South Africa zinc production capacity to 500,000 tonnes with $600 million investment
Vedanta has doubled its annual zinc production capacity in South Africa to 500,000 tonnes after investing nearly $600 million in the Gamsberg mine expansion. The project supports its target of producing 3 million tonnes of zinc annually across India and South Africa.
Himadri's H1FY27 profit rises 29% to 460 crore on speciality growth
Revenue from operations rose 43% to Rs 3,123 crore in H1FY27, while EBITDA increased 30% to Rs 616 crore, supported by an improved product mix and growth in core businesses
The company also said it has launched projects covering 14 million sq ft over the past two and a half years, with a revenue potential of more than 56,000 crore.
FMCG companies face margin squeeze in H2 as input costs rise, price hikes likely after Diwali
FMCG companies face margin squeeze in H2 as input costs rise, price hikes likely after Diwali
Punjab National Bank eyes Rs 6,000 crore quarterly profit after record September earnings
Punjab National Bank reported a record quarterly net profit of Rs 5,532 crore for September 2026. The bank's core operating profit grew by around 29 percent year-on-year despite treasury losses of Rs 1,000 crore. PNB aims to achieve Rs 6,000 crore in net profit in the upcoming quarters due to steady operational performance. Loan growth is being supported by retail, agriculture, and MSME segments during the festive season.
Gujarat-based Transformers and Rectifiers weighs setting up of a transformer factory in UK
The Ahmedabad-based power equipment maker plans to first establish a sales and customer-support presence through its UK subsidiary, Maxwell Grid Transformers (UK) Private Ltd
Accenture weighs $1.5 billion sale of China business as AI push reshapes growth strategy: Report
Accenture is exploring a sale of its Greater China business for up to $1.5 billion, the Financial Times reported. The IT consulting giant has hired JPMorgan to advise on the review as it sharpens its focus on AI services and growth.
JSW Steel gets relief in 2,169 crore mining dispute: What was the case and what Orissa HC ruled
In an exchange filing on Sunday, the company said the court concluded hearings and delivered its judgments on October 16, 2026.
The Supreme Court overturned Yes Banks 2020 write-off of 8,415 crore in AT-1 bonds. The bank says that it would have reported a net loss of 5,217 crore in the September quarter had it recognised the impact. Details here.
JLR India expands presence in Delhi, Gurugram, sees NCR as key market
Jaguar Land Rover (JLR) India is expanding its retail presence in the National Capital Region, with the luxury automaker relocating to a bigger integrated facility in Delhi and opening a new outlet in Gurugram, seeing it as a key growth market. The Tata Group-owned automaker's Managing Director, Rajan Amba said the move strengthens JLR's retail presence in the region, terming it an important market. Delhi remains an important market for JLR India, Amba said, adding, This integrated facility reflects our unwavering focus on delivering world-class retail and after-sales services in key growth markets. With the addition of the Gurugram dealership, JLR India's retail network now extends to 33 outlets across 26 cities nationwide. The luxury carmaker, in partnership with AMP Motors, has relocated its dealership to a larger integrated facility on Mathura Road in South Delhi and opened a new sales outlet in Gurugram, Haryana. During June quarter (Q1), the company retailed 1,665 vehicl
JLR India expands retail presence in Delhi, Gurugram; sees NCR as key market
The luxury carmaker, in partnership with AMP Motors, has relocated its dealership to a larger integrated facility on Mathura Road in South Delhi and opened a new sales outlet in Gurugram, Haryana
Moody's revises IPO-bound Oyo parent Prism's outlook to 'positive'
Moody's Ratings has revised the outlook on IPO-bound OYO parent Prism to 'positive' from 'stable', while reaffirming the travel tech unicorn's B2 corporate family rating. The positive outlook reflects our expectation that OYO (formerly Oravel Stays) will sustain stronger earnings and free cash flow generation over the next 12-18 months, supporting further deleveraging while maintaining very good liquidity, said Sweta Patodia, a Moody's Ratings Assistant Vice President. The affirmation of the B2 CFR (corporate family rating) reflects OYO's leading position in the budget accommodation sector across its key operating markets, as well as the geographic diversification of its operations across India, Europe, and the US, said Patodia, who is the lead analyst for OYO, Moody's stated. Explaining the rationale behind ratings, Moody's said, We expect OYO's EBITDA (earnings before interest, taxes, depreciation and amortisation) to grow to around Rs 3,000 crore (USD 315 million) over the ne
Restaurants take Diwali celebrations home, bet on catering, party boxes
From curated food spreads for private gatherings to bulk corporate orders, restaurants are looking to capture festive spending beyond dine-in
DIIs increase stake in 8 midcap stocks in Q2FY27
DIIs increased their holdings in several NSE midcap stocks during the September 2026 quarter. Swiggy, One97 Communications, Meesho, Cochin Shipyard, Lenskart Solutions, Piramal Finance, APL Apollo Tubes and SBI Cards and Payment Services saw DII shareholding rise by more than 200 basis points quarter-on-quarter, based on StockEdges shareholding scan.
Manasum Senior Living buys 164 units in Signature Global's Gurugram project
Each apartment in Varishtha will cost around 3.7 crore for the final buyer, and come with concierge, housekeeping, 24/7 healthcare support, an ambulance on standby and community engagement activities.
Bajaj Finance Q2 preview: Profit may jump 29%, NII 24% as strong loan growth lifts earnings
Bajaj Finance is projecting a remarkable 29% increase in net profit for the July-September quarter, driven by robust loan demand and a boost in interest income. With a significant rise in assets under management, the demand for its lending products appears strong. Yet, analysts caution about potential pressure on lending margins owing to escalating borrowing costs.
Indian Bank raises FY27 growth guidance, plans 100 branches; CEO sees recoveries exceeding target
Indian Bank has raised its FY27 growth guidance after reporting strong loan and deposit growth, improving asset quality and robust profitability, managing director and chief executive officer Binod Kumar said.
Large screen LED TVs, double-door and side by side refrigerators, high capacity washing machines and air-conditioners are fuelling the demand during the Navratri period
Cleartrip eyes sustained growth driven by air travel, non-air business
Online travel technology platform Cleartrip expects to sustain its growth momentum in 2027, driven by steady expansion in air travel and a rising contribution from non-air businesses, according to a top executive of the company. The growth rate doubled year-on-year in 2026 and we expect to maintain similar momentum this year while aiming for a stronger business mix. The share of non-air business, including hotels, buses, trains and holiday packages, is expected to increase and there will be steady growth in air business as well, Cleartrip chief growth and business officer Manjari Singhal told PTI. She said Cleartrip's performance is growing 8-10 times faster than the industry in air travel and the non-air share has risen to 27 per cent and the company is targeting around 40 per cent by the end of 2027, she added. In the first half of this year (January-June), Flipkart-owned Cleartrip witnessed 40 per cent overall year-on-year growth, she said. The company is working on adding ...
The group has a strategic plan to enter new businesses, but it is not yet the right time to indicate when it would foray into health insurance
Why Big Tech is giving away open-weight AI models, and what it wants in return | Explained
From Muse Spark Open to Beam, Nemotron and Timestral, technology companies are releasing AI models to attract developers, challenge Chinese rivals and strengthen their ecosystems
JRD Tata believed the country's future would be shaped in real time by the youth willing to question, reason and imagine for themselves. Tata Trusts posts on Twitter what JRD Tata believed about India's future Read full post here
Roseate targets 30 operational hotels by 2030; plans new smart hotel brand, overseas expansion
The new sub-brand, expected to be launched early next year, will focus on technology and lower development costs while retaining the group's service standards
FMCG firms face input cost inflation in Q2, brace for H2 margin pressure
Nestle India Chairman and Managing Director Manish Tiwary recently said ising inflation, particularly food inflation is a eality.
FPI selling crosses Rs 52,000 crore in October as Nifty defies foreign exodus
Foreign portfolio investors pulled out over Rs 52,000 crore from Indian equities in October, surpassing September outflows. Despite persistent FPI selling driven by rising US Treasury yields and elevated crude oil prices, benchmark indices Nifty and Sensex rebounded sharply, supported by robust domestic institutional buying and IT sector gains.
Singapore Names Seven Companies Over Indonesia Haze Fires
Singapore has identified seven companies it says were involved in wildfires in Indonesia that have blanketed the city-state in haze, stepping up scrutiny of firms linked to the blazes.
The institute allegedly collected fees ranging from 2.8 lakh to 3.5 lakh per student in advance for 2 to 4-year competitive coaching programs, such as the IIT-JEE, promising full delivery of the courses.
Zubeen Garg death case: Assam Police to move Supreme Court against bail to Mahanta and Sandipon
Assam Police intends to appeal bail orders granted to Amritprava Mahanta and Sandipon Garg in the Zubeen Garg case. Special DGP CID Munna Prasad Gupta confirmed that proceedings are progressing rapidly in a fast-track court. Mahanta and Garg are accused in the death investigation of the late singer, who died in a scuba diving accident. The Gauhati High Court previously granted bail to both individuals in October 2025.
Gold Point, once a thriving mining community in Nevada, experienced significant population decline after mining operations ceased. The town, originally known as Lime Point in 1868, transitioned to focus on gold-mining in the late 1920s. Following World War II, mining activity diminished and finally ended in the 1960s with a shaft collapse. Today, the settlement has adapted to tourism, with remaining buildings and a museum preserving its mining history.
Why Indias steelmakers are eyeing coal gasification despite high costs
In May, the cabinet approved a 37,500 crore scheme to promote coal and lignite gasification, with a target of 100 million tonnes of gasification capacity by 2030.
Inside Thomas Cook's new Tadoba wildlife retreat: Luxury villas, Saoji cuisine, and launch offers
Located in Maharashtra's Chimur region, the property provides strategic access to five distinct safari gates of the renowned Tadoba-Andhari Tiger Reserve.
Indias first proposed AI immigration corridor for cruise passengers could be tested at Cochin Port. Cameras would verify identities while officers monitor checks and follow up on flagged passengers.
Adani proposes to nearly double Mangaluru airport user fee by FY31
Under the proposal, domestic departure fees will rise from 735 to 1,440 and international from 1,120 to 2,210 by FY31 as Adani Airport seeks to fund a 4,200-crore expansion plan.
FPIs pull out Rs 52,100 cr from equities in Oct so far amid global headwinds
Foreign portfolio investors have withdrawn Rs 52,100 crore from Indian equities as of October this year. This follows a net withdrawal of Rs 35,861 crore in September, indicating ongoing financial retreat. Elevated crude oil prices, higher US bond yields, and a stronger dollar have affected investor sentiment. Despite temporary buying by foreign investors on October 16, selling in certain sectors continues.
Mcap of nine of top-10 most valued firms surges by Rs 3.65 lakh cr; TCS shines
Nine of the top ten most valued firms saw a substantial increase in market valuation last week. The BSE Sensex surged over two thousand points while the Nifty experienced significant growth. TCS, Bharti Airtel, and Infosys led the gains alongside other major firms like Reliance Industries and HDFC Bank. In contrast, Larsen & Toubro was the only firm to report a decline in market valuation.
NTPC to begin feasibility studies in more States for nuclear programme
NTPC is targeting to set up 30 GW of nuclear projects in the country to contribute to the government's ambitious 100 GW nuclear capacity target by 2047
The rental agreement is priced at 694 per sq ft per month, translating to a starting monthly rent of approximately 3.46 crore.
10 penny stocks plunge up to 75% in six months
Mega Jio Platforms IPO to lead Rs 31,663 crore offerings this week; 9 listings lined up
Indias primary market is set for a busy week, led by Reliance Jio Platforms Rs 30,213 crore IPO and Paras Healthcares Rs 1,450 crore issue. Both IPOs open on October 21. Nine companies are also scheduled to list, including six on the mainboard and three on SME platforms.
Indian Bank net profit rises 14.7% to 3,462 crore in Q2
Operating profit grows 46.6% year-on-year; gross advances rise 16.4% and gross NPAs decline to 1.61%
Tata Trusts disbursed 1,556 crore in FY26, plans 40-50 nonprofit hospitals
Tata Trusts, India's largest philanthropic group, disbursed Rs 1,556.31 crore in the year to March 2026 and is now working toward a network of 40 to 50 not-for-profit general hospitals, Chairman Noel Tata said in the Trusts' Annual Report for 2025-26. Tata said patients who can afford to pay would help fund care for those who cannot. The report gives no investment figure, locations, or timeline for the hospitals. In his message, Tata said the Trusts want to build institutions and models that become enduring public assets and be judged on what changes as a result of their work. He wrote that measuring philanthropy by people reached or money spent is no longer enough. Institutional grants and direct project spending came in at Rs 1,353.32 crore, and individual grants at Rs 202.99 crore. Rural upliftment took the largest share at Rs 457.62 crore, followed by education (Rs 270.26 crore), cancer care (Rs 178.46 crore), institutions (Rs 169.31 crore) and healthcare (Rs 105.97 crore). .
Can Nifty, Sensex rally further or will bears reign in? 5 factors to steer market this week
Sensex and Nifty extended gains for a second straight session on Friday, led by IT stocks, which rose for a fourth consecutive session, along with buying in auto, metal and PSU banking stocks. Niftys recovery could continue as long as it holds above the crucial 22,75022,800 support zone.
ICICI Bank profit spurts 20% on NII; core profitability a tad lower on FCNR(B)
ICICI Bank reported a 20% rise in second-quarter net profit, helped by an 18% increase in core net interest income. However, core profitability edged lower as FCNR(B) deposits weighed on margins. NIM fell to 4.18%, while treasury operations swung to a loss amid higher government bond yields.
HDFC Bank PAT ticks up 5% amid pressure
HDFC Bank reported a 4.7% rise in standalone net profit for the second quarter, while margin pressure weighed on core profitability. Net interest income rose 9.7% as loans and deposits grew. The lender is also set to welcome a new chief executive this month, ending prolonged succession uncertainty.
Paras Healthcare IPO opens Oct 21, sets price band at 660-693 per share
Paras Healthcare has fixed the IPO price band at Rs 660-693 per share for its Rs 1,450 crore issue, which opens on October 21. The offering includes a fresh issue of Rs 500 crore and an offer for sale worth Rs 950 crore. Proceeds will be used mainly to repay borrowings.
Ixigo Q2 profit jumps to 63 cr; revenue up 13%
Ixigo's financial report reveals a net profit of 63.42 crore for the July-September period, indicating robust performance. The company enjoyed a 13% increase in operational revenue, totaling 320.96 crore. Their hotel segment excelled with a Gross Bookings Value surpassing 100 crores, reflecting a remarkable 159% year-on-year growth and driving significant revenue increase, largely from its loyal user base utilizing various transportation services.
Axis Bank Q2 profit up 38% on loan growth
Axis Bank has showcased impressive results with a 38% surge in net profit for the quarter ending in September. This significant growth stems from strong loan demand and enhanced asset quality. The bank's net interest income increased by 11.8% year-on-year, totaling 15,371 crore, while overall advances rose by 23% compared to the previous year. The stability in the bank's net interest margin emphasizes its positive financial trajectory.
Central Bank of Indias Q2 profit jumps 21% YoY to Rs 1,469 crore
In September 2026, Central Bank of India reported an impressive net profit hike of 21%, totaling 1,469 crore. This boost was largely attributed to strong loan growth, even as other income declined. The bank's net interest income surged by 26% to 4,146 crore. Additionally, total income rose by 15% to reach 11,737 crore, with the cost-to-income ratio improving to 58.95% from 62.42% a year prior.
YES Bank Q2 profit rises 65%; AT1 hit may risk 5,217 cr loss
YES Bank's net profit increased by 65% to 1,080 crore in the second quarter, driven by higher income. However, factoring in a Supreme Court judgment could lead to a post-tax loss of 5,217 crore. The court upheld a ruling concerning the bank's AT1 bonds, impacting its financial reporting. The bank's auditors noted that the financial outcomes might have been significantly different without this recognition.
IDBI Bank Q2 net profit slides 39% to 2,205 crore
IDBI Bank witnessed a substantial 39% drop in net profit for the September quarter, primarily driven by decreased non-interest earnings. This follows a previous year where profits were significantly elevated by one-time gains. Nonetheless, net interest income saw a 29% increase year-on-year, indicating solid operational stability, although operating expenses surged by 19%. The bank's privatization, through the sale to Fairfax, aims to enhance performance and profitability.
Tata Trusts to build 40-50 hospitals, focus on measurable impact: Noel Tata
Noel Tata said that it is no longer enough to ask how much the Trusts have contributed. Philanthropy, he noted, must move beyond merely counting the people reached or amounts spent.
Himadri Speciality Q2 results: Net profit jumps 31% to 231 cr
Revenue from carbon materials and chemicals stood at 1,539.02 cr, and 33.32 crore from power business segments.
'No one at White House ordered...': Rubio rejects claim Trump ordered Ukraine Starlink slowdown
Iran, Pakistan temporarily suspend cross-border movement over technical issues, security concerns
Cross-border movement and exchanges between Iran and Pakistan have been temporarily suspended due to technical issues. Iranian Foreign Ministry Spokesperson Esmail Baghaei confirmed that authorities are working to resolve the situation. Pakistan also halted trade through specific border checkpoints to enhance security measures. Shahid Rind clarified that this decision is aimed at preventing smuggling and improving border administration.
Ukrainian President Volodymyr Zelenskyy announced potential trilateral talks involving Russia during the upcoming G20 Summit. He expressed willingness to participate in negotiations in any format and location. Zelenskyy called for increased pressure on Moscow rather than on Kyiv in these discussions. Additionally, he expressed disappointment about US President Donald Trump's recent decisions related to sanctions on Russia.
Tata Trusts spending jumps 73% to Rs 1,556 crore in Noel Tatas first full year
Tata Trusts reported a 72.5% increase in philanthropic spending to Rs 1,556.31 crore in 2025-26. Major allocations included Rs 457.62 crore for rural upliftment and Rs 270.26 crore for education. Cancer care projects received Rs 178.46 crore, while direct assistance to individuals totaled Rs 202.99 crore. Noel Tata emphasized the importance of sustainable outcomes over sheer spending figures.
Meet Vijaye Raji: Statsig founder and OpenAI CTO now joining Amplitudes board of directors
With Statsig, Vijaye Raji ensured developers, data scientists, and product managers everywhere had access to the tools his team at Facebook had taken for granted.
Bajaj Auto-owned KTM opens new motorcycle assembly plant in Brazil
The new facility marks a shift to independent manufacturing operations in Brazil, with production planned to scale up from 2026
There are at least 4 national holidays this week; customers are advised to check their local holiday calendar before heading to their bank branch.
Hollywood's fresh take on tech titans: from heroes to villains
Hollywood now represents tech leaders like Elizabeth Holmes and Elon Musk as villains amidst public disillusionment. Recent films explore the consequences of their actions and seek accountability for social damage. Documentaries and fictional works dissect their influence and ethical lapses, highlighting concerns over concentrated power. Filmmakers confront the flaws of these figures while critiquing their societal impact.
YouTubes new rules pose survival test for Indias clipping firms
YouTubes move to reduce the reach of clips that make minimal changes to existing videos could reshape distribution strategies, campaign economics and the balance between reposting content and adding creative value.
Indias Revolut or Nubank will emerge from a bank, not a fintech: Slice CEO Rajan Bajaj
Slice wants to become customers main bank for payments, savings and borrowing, CEO Rajan Bajaj
Christmas cheer, but caution remains: Exporters welcome US tariff relief, keep diversification plans
US President Donald Trumps decision to waive proposed tariffs of up to 100% on buyers of Russian oil has eased uncertainty for Indian exporters ahead of the crucial Christmas shipping season. However, businesses across textiles, gems and jewellery, and human hair products say they will continue diversifying export markets after last years tariff turmoil, even as the US remains a key destination for Indian goods.
From Apples Tim Cook to Netflixs Reed Hastings: 5 CEOs' with the biggest pay packages
Apples Tim Cook leads a study of 10 departing CEOs with an estimated $950 million in cumulative reported compensation over 15 years. Disneys Bob Iger and Activision Blizzards Bobby Kotick rank next, according to research by trading firm Atmos.
Renault India expects hybrids and CNG vehicles to account for up to 50% of sales in 2-3 years, CEO Stephane Deblaise told PTI. The automaker is pitching hybrids as an alternative to diesel and aims for 3-5% market share by 2030.
DLF is targeting growth through residential pre-sales, improved profitability and expansion of its commercial rental business. The developers second-quarter net profit rose 10% to 1,301.35 crore, though pre-sales declined. It has set a sales target of about 20,000 crore for FY27.
Vantrock unveils warehousing and industrial parks plan; targets 4,200-crore GDV on completion
Vantrock Real Assets plans 11.5 million sq. ft. development across key markets, with construction of the first phase starting in 2027
Ranbir Kapoor leases Pune's 6,094 sq ft Trump Towers flat for 1.75 crore over 3 years: Report
Ranbir Kapoor has leased his 6,094 sq ft apartment at Pune's Trump Towers for a starting monthly rent of 4.63 lakh. The three-year agreement includes a 5% annual increase and is expected to generate around 1.75 crore in rental income.
Chairman Noel Tata, in the Trusts' Annual Report for 2025-26, said that the group will also build lasting public institutions and be judged on measurable results, not money spent.
Yes Bank Q2 net profit rises 63% to 1,084 crore
On a standalone basis, net profit of the bank increased to 1,080 crore in Q2 FY27 from 654.47 crore in the year-ago period and 1,070.99 crore a quarter ago
Inside Reliance Jio 6G roll out plan: Check role of existing network infra of 360,000 telecom towers
Reliance Jio plans to expand overseas by offering its internally developed telecom technology as managed services, drawing on 7,220 patents. It also aims to use existing network assets to support 6G, grow home broadband to 100 million households and build on a 530-million-subscriber base.
Hyundai Motor Group to invest $15.5 billion in India by 2032
Focus on manufacturing, R&D and future technologies; India to emerge as a global export hub
Reservation push by states faces judicial tests
The Supreme Court upheld the Madras HC's ruling that religious conversion from Hinduism to another religion does not entitle a person to SC or OBC reservation. The case concerns Tamil Nadu's 3.5% quota for Muslim OBCs. In March 2024, the then DMK government allowed OBCs, SCs and Denotified Communities members who converted to Islam to claim the quota. The Madras HC struck down the order in June 2024 as unconstitutional. The TVK government's appeal was rejected by the SC.
Weather Tomorrow: IMD has warned of heavy to very heavy rainfall, thunderstorms and gusty winds across parts of southern India, with Andhra Pradesh, Karnataka, Kerala and Tamil Nadu among the affected regions. Rain is expected to continue in several areas through October 23. Fishermen have also been advised to exercise caution along parts of the Arabian Sea coast.
No Kings anti-Trump movement: More than 3,200 events had been planned in all 50 states, after the two previous nationwide events attracted millions of participants.
Richa Parashar, a journalist, filed a complaint against Rahul Gandhi for manhandling during a protest. The incident occurred on October 12 while covering a demonstration by Opposition leaders. Parashar alleged that Gandhi grabbed her and caused her to fall, resulting in injuries. She emphasized the lack of assistance from his supporters after the fall. Parashar has requested that media organizations release footage of the incident.
Yes Bank reported a 65% year-on-year rise in second-quarter profit to Rs 1,080 crore, beating analyst estimates. However, the lender said it could have posted a loss of Rs 5,217 crore had it accounted for the Supreme Court ruling setting aside its Rs 8,400 crore AT1 bond write-off. The bank is evaluating the ruling's financial implications and possible legal options.
Axis Banks rising costs, FCNR inflows squeeze Q2 margins
Axis Banks Q2FY27 net profit rose 38% year-on-year to 7,003 crore, supported by lower provisions and strong loan growth. The lender expects credit demand to remain robust and sees potential to monetize digital payments through Freecharge.
IBM India pitches digital swaraj with country-specific tools for sovereign AI
Bharat Core is designed to connect IBMs Sovereign Core platform to Indian systems; the company says the approach will give enterprises greater control over their data, technology and AI operations
Snabbits FY26 loss widened to 167.75 crore, with the startup attributing its spending to workforce, marketing, technology and expansion investments. Here's what the quick services firm's boss said about the losses.
