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An NRI won relief from a 3.41 crore income tax addition after ITAT Jaipur found that the assessing officer had mistaken Japanese yen figures for rupees. Bank records established the source of her FCNR deposits, prompting deletion of the addition.
Reliance Retail faces FDA crackdown again; action also on Blinkit-linked facility
Maharashtra Food and Drug Administration suspended the licenses of Reliance Retail warehouses after inspections showed safety violations. The inspections revealed issues such as rodent infestation, improper storage, and expired products. In another facility linked to Blinkit, cold-room temperatures exceeded safe limits, and employees lacked necessary food safety training. The FDA registered FIRs and seized a significant quantity of expired products.
Reports of sale false and misleading, says Bhilai Steel Plant amid Congress alleging Adani visit
Bhilai Steel Plant, a unit of SAIL, has dismissed privatization rumors as false and misleading. The Ministry of Steel and PIB Fact Check confirmed that these reports are untrue. Allegations were made by Congress leader Bhupesh Baghel regarding a potential Adani Group visit to the plant. Concerns among employees and local residents over job security and plant future were raised.
Early retirement requires balancing short-term financial goals with long-term wealth creation. Expert explains how to allocate 70,000 or 1 lakh in monthly investments towards FIRE, account for inflation and choose an appropriate equity-debt mix to build a retirement corpus.
When a fixed deposit matures, its payout depends on the depositors instructions and the banks rules. Here are your options and whether you should renew or not.
Quant Mutual Funds QSIF Hybrid Long-Short Fund returned 25.5% in six months, ahead of Aditya Birla Sun Life Mutual Funds Apex at 6.78%. QSIF also led over three months and since inception.
Nitin Gadkari's village to become a textile hub?
The Supreme Court has directed Indian Railways to provide mandatory travel insurance for all tickets sold at station counters from October 27, 2026. Details here.
An ITAT Surat ruling held that an NRI's property holding period began with the 2011 allotment letter, not registration in 2016. The decision highlights why allotment documents matter when determining long-term capital gains tax on property sales.
Travel vlogger Debajit Das has praised the Vande Bharat Sleeper train after travelling from Howrah to Kamakhya, comparing its facilities to a five-star property. In his Instagram review, he highlighted the spacious, clean washroom, premium seating and onboard meals, while revealing that his AC 3 Tier ticket cost Rs 2,450.
Central government employees could get a festive-season salary boost if the Centre approves a DA hike from 60% to 63%. Heres how much extra monthly salary and July arrears employees could receive across different basic pay levels, and what remains unconfirmed.
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.
Honda Motorcycle & Scooter India expects FY27 domestic sales volume at 6 million units
Honda Motorcycle & Scooter India aims to increase domestic sales to 6 million units by March 2027. The company reported a 13.5 percent rise in dispatches in the first half of FY27. Honda's market share currently stands at approximately 25 percent in India. Additionally, they plan to expand production capacity to 8 million units by 2028.
A class apart: Namo Bharat's premium coaches win commuters
Namo Bharat's premium coach ridership has tripled to nearly 6,000 passengers daily from around 2,000 before the full corridor opened. Offering reclining seats, separate lounge access and additional amenities, the premium service charges about 20% more than standard coaches, with commuters citing seat availability and comfort during peak-hour journeys.
Failed UPI payments, unsuccessful ATM withdrawals and other payment errors can qualify for 100 per day in compensation if refunds exceed RBI's prescribed deadlines. Know the T+1 and T+5 rules, how turnaround time is calculated and what to do if your refund is delayed.
DLF Ltd, Indias largest real estate firm, will launch housing properties worth Rs 58,000 crore. The company aims to capitalize on the high demand for luxury homes from buyers and investors. In addition, it reported a 10 percent increase in net profit to Rs 1,301.35 crore during the second quarter of this fiscal. DLF has sold Rs 4,457 crore worth of properties in the first half of this fiscal.
Govt invokes catastrophic failure event clause against 2 highway developers
In a decisive move, the Highways Ministry has invoked regulations regarding catastrophic failures involving two contractors after significant incidents. One project in Tamil Nadu was marked by serious pavement issues, whereas a tragic reinforcement cage collapse occurred in Uttar Pradesh, resulting in loss of life. As a result, both companies face stringent penalties, including poor ratings and restrictions on bidding.
Jaguar Land Rover India expands retail presence in Delhi, Gurugram; sees NCR as key market
Jaguar Land Rover India has relocated to a larger facility in Delhi and opened a new outlet in Gurugram. The company views the National Capital Region as a key growth market for luxury vehicles. This expansion increases JLR's retail network to 33 outlets across 26 cities in India. Recent sales figures indicate a year-on-year growth of 11 percent in the June quarter.
Mumbai restaurants may raise menu prices by 10-15% in the coming weeks, AHAR announced, citing higher costs for ingredients, LPG, wages, rents and transportation. This will help maintain food quality, service standards and staffing and balance affordability, it added.
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.
A wrong mobile number, incorrect loan details or a missed payment recorded in your credit report could affect how lenders assess your creditworthiness. Learn five essential checks, how to dispute credit report errors and ways to protect your credit score.
A thoughtful ageing-parent plan combines financial safeguards, health preparation and safer surroundings with open communication.
Jewellery retailers expect 22-28% growth in Q2 despite festive calendar shift
Leading jewellery retailers in India, such as Kalyan Jewellers and Titan, experienced substantial revenue growth in the latest quarter. Kalyan Jewellers reported revenue growth of approximately 27 percent in India, driven by increased same-store sales. P N Gadgil Jewellers also reported a healthy performance, achieving 22.4 percent year-on-year revenue growth. PC Jeweller concluded the quarter with around 28 percent growth, reflecting sustained consumer demand.
Cleartrip eyes sustained revenue growth driven by air travel, non-air business
Cleartrip expects to sustain its growth momentum in 2027, with non-air services such as hotels, buses, trains and holiday packages gaining share. The Flipkart-owned platform reported 40% overall growth in January-June 2026, while its chief growth officer flagged subdued travel demand, higher airfares and a 30-40% rise in road-based travel activity.
Multi-cap and multi-asset allocation mutual funds follow different investment strategies. Multi-cap funds invest across large-, mid-, and small-cap stocks, while multi-asset funds diversify across asset classes. We compare their 1-, 3-, and 5-year returns to see which category leads.
NCLAT revives Walchandnagar Industries' insolvency plea against Swaraj India Agro on SC direction
The National Company Law Appellate Tribunal restored an appeal from Walchandnagar Industries against Swaraj India Agro. This restoration followed a Supreme Court order canceling a previous dismissal of Walchandnagar's insolvency petition. The NCLAT issued a notice directing Swaraj India to respond within four weeks. The dispute involves operational debts related to a sugar plant project initiated in 2013. The NCLT earlier dismissed both companies' petitions citing pre-existing disputes.
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
JSW Steel gets relief as Odisha HC quashes Rs 696 crore demand; sets aside Rs 1,473 crore notice
The Odisha High Court has quashed a Rs 696.32 crore demand against JSW Steel over mineral dispatch shortfalls at its Jajang iron ore block in FY21. It also set aside a separate Rs 1,472.69 crore demand for FY25, directing authorities to reconsider the matter in line with an earlier judgment.
A Sikar taxpayer faced a 3.99 lakh penalty after declaring 12.9 lakh in income following an income tax notice. The ITAT Jaipur quashed the penalty after finding defects in the assessment order and notice. Heres why he won and what taxpayers should check.
Sumitomo-backed Yes Bank pegs AT1 bond verdict hit at Rs 5,217 crore
Yes Bank's reported profit for the September quarter could have turned into a loss due to the AT1 bond ruling. The bank's CET-1 ratio would drop significantly if the Supreme Court's decision is fully implemented. Investors are concerned as mutual funds pause investments in the bank's AT1 bonds. Yes Bank is assessing the legal and financial implications of the Supreme Court's judgment.
JioHotstar collaborates with DGO, launches streaming service in Nepal
JioHotstar has partnered with Nepals DGO to expand its streaming services in the country, adding Indian films, originals, television shows, reality franchises and childrens content to the local platform. The launch extends JioHotstars international presence across the UK, Canada, Singapore and the Middle East and North Africa (MENA) region.
FMCG firms grapple with input cost inflation in Q2, brace for margin pressure in H2
FMCG companies are experiencing increased margin pressure as input costs continue to rise. Rising inflation is affecting profitability, forcing firms to consider price hikes after the festive season. Companies are currently absorbing some costs to maintain consumer demand in urban and rural markets. The expectations for the second half of FY27 remain cautious amidst fluctuating commodity prices. Consumer purchasing behavior may shift if food prices increase or rural incomes decline.
Experts say there is no limit on properties held under one PAN, provided transactions are genuine and funds are explainable. They recommend keeping sale deeds, payment and funding evidence, bank statements, loan documents, and other ownership records.
With the tax audit report deadline of 21 October approaching, taxpayers need to check their books, reconcile turnover and GST records, review key Form 3CD disclosures, and confirm portal submission. Here are the checks an expert suggests taxpayers should complete before filing.
Delhi govt proposes cap of 2.5 lakh e-rickshaws under draft scheme
Delhi has introduced a draft scheme to limit the number of e-rickshaws to 2.5 lakh. The scheme addresses issues such as traffic congestion, road safety, and pollution concerns related to e-rickshaws. It requires all e-rickshaws to be registered as transport vehicles and obtain an E-Rickshaw Compliance Certificate. Owners will face limits on how many e-rickshaws they can operate based on their residency status.
Apple Pay debuts in India: how it works, features, and key limitations
Axis Bank credit card holders can now tap to pay using biometrics without PIN or OTP, though the launch excludes UPI integration and RuPay support.
Bomb threat aboard Ahmedabad-Hyderabad flight turns out to be prank by minor girl
A bomb threat made by a 12-year-old girl on a flight from Ahmedabad to Hyderabad caused a security alert. The girl was returning home with her classmates and teachers after a school trip. She jokingly mentioned the presence of a bomb to a fellow student, which alarmed the cabin crew. Upon landing, the aircraft was thoroughly checked, and nothing suspicious was found.
The Income Tax Department has introduced Form 141 to simplify tax deducted at source (TDS) compliance. The new form replaces Forms 26QB, 26QC, 26QD and 26QE, covering property transfers, rent, contractor payments, professional fees and virtual digital asset transactions.
Senior citizen home hunt: Seeking house for aged parents? Home prices below 70 lakh and improving healthcare options have made tier 2 cities and spiritual hubs such as Kochi, Nashik, Varanasi and Haridwar popular.
Vedanta doubles South Africa zinc capacity
Vedanta Ltd has doubled its zinc production capacity in South Africa with an investment of $600 million, the company said in a statement.Further details are awaited.
Southern Railway introduces Vistadome coach on Madurai-Guruvayur Express
Southern Railway has introduced an Executive Vistadome AC coach on the Madurai-Guruvayur Express to offer passengers panoramic views of the Western Ghats, including the scenic Sengottai-Punalur ghat section and Aryankavu pass. The temporary service will run from October 22, 2026, to January 16, 2027, with fares starting at Rs 515.
Turning 18? Find out how to update your minor PAN card with a new photograph, signature and other details, how to apply for a major PAN card, and why you can retain your existing PAN number instead of applying for a new one.
Jio Platforms joins global top 20 patent filers as Reliance readies first IPO in 30 years
Jio Platforms has achieved a significant milestone by entering the global top 20 patent filers as of March 2026. The company has filed over 7,220 patents, focused primarily on next-generation technology areas like 5G and AI. Jio Platforms has also made advancements in satellite communications, which were showcased to India's communications minister.
Jio Platforms' IPO takes its telecom numbers out of Reliance's consolidated results
Jio Platforms is preparing to launch its IPO, poised to enhance its market presence substantially. This listing will disclose critical metrics like its subscriber figures and independent data usage rates. With substantial growth in its customer base and revenue, Reliance Jio Infocomm is on course for what is anticipated to be India's largest IPO.
China proposes export controls on solar tech
China proposes export controls on solar-manufacturing technologies
China has proposed export controls
Investing 50,000 in KVP vs NSC? Compare Post Office interest rates, maturity periods, estimated returns and Section 80C tax benefits to decide which government-backed savings scheme better suits your five-year financial goal.
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.
AIIMS doctors identify Red Alert Zone to reduce risks in complex cancer surgery
AIIMS doctors have recognized two critical anatomical zones during complex cancer surgeries in women. These zones help reduce bleeding and prevent injuries to vital organs. One zone, known as 'Ray's Zone', is crucial for surgeries involving the pelvic area. The other, 'Ray's Hepatocaval Triangle', assists during liver mobilization near major vessels. Identifying these zones enhances surgical precision and patient outcomes in oncological procedures.
Indian refiners' fuel exports to the West jump 43% as they keep processing Russian crude
Reliance Industries Ltd's Jamnagar refinery in Gujarat supplied six of the seven cargoes unloaded at EU ports that month, despite the bloc's ban on fuel made from Russian crude
Indias fuel exports to West jump 43%
Here's how EPFO members can check their provident fund balance, view and download their account passbook and track claims through the official portal, Umang app, SMS, WhatsApp or missed calls services.
The 8th Central Pay Commission will meet stakeholders in Mumbai on 2223 October 2026 as it considers changes to pay, allowances, pensions and benefits for central government employees and retirees.
Understand the difference between basic pay, grade pay and pay level under the 8th Pay Commission. Learn how the 7th Pay Commissions pay matrix works, what employee unions are demanding and how the fitment factor could affect revised salaries.
For millions of cancer patients, the cost of treatment can be as frightening as the diagnosis. From steep markups to patented drugs that remain out of reach, the affordability crisis runs deep. A proposed cap may help, but question remains if it will be enough to change the picture.
Mutual funds reshuffled their stock portfolios in September 2026, with notable changes in holding values and shareholding quantities across companies. Here's what these shifts reveal about fund managers buying and selling activity.
Music comes home: Inside Indias growing market for intimate music gigs
With the formation of Upstairs With Us, Sukanya Banerjee and Tejas Jaishankar aim to bring classical musicians into the comfort of people's homes. Alongside initiatives like Once Upon India and Tiny Room Concerts, they offer a fresh take on live music. By prioritizing small gatherings in intimate settings, they foster connection and collaboration among diverse audiences seeking alternatives to traditional concert formats.
Cash landing on you: Litigation funders bet on inheritance battles over crores
Litigation funding has emerged as a viable option for individuals involved in inheritance disputes in India. Firms are assessing the potential returns and legal merits of such cases before committing funds. Many families seek assistance due to their asset-rich but cash-poor situations. The funding process can significantly alter the dynamics of ongoing legal battles for beneficiaries.
The 8th Pay Commission fitment factor could determine revised basic pay for central government employees. Compare salary calculations at proposed multipliers of 4, 3.833 and 3.80, understand union demands and check what the estimates mean for your salary.
From Assam to Bihar, Kerala, Odisha, Punjab, Tamil Nadu, Telangana, Sikkim, West Bengal and more we check the full list of states that announced DA and DR hikes for employees and pensioners in 2026.
BSNL employees raised demands for wage revision, 7th CPC-linked wages for casual labourers, higher retirement contributions, revised allowances, and festival advances at the 41st National Council meeting. Here's what was discussed and what the management said.
Gold on Dhanteras: celebrate the ritual, rethink the investment
There is nothing wrong with the ritual. Just dont mistake it for investing.
Insurance reforms: Why claims matter more than distribution costs
As Irdai weighs changes to insurance distribution, rising health claims disputes and gaps in grievance redressal underscore the need for stronger insurer accountability, fairer claims settlement and better policyholder protection.
Navratri fasting food goes gourmet as restaurants see demand
Restaurants are stepping into a meal occasion traditionally associated with home kitchens to keep guests observing dietary restrictions at the table. The appetite for outsourcing fasting food is already evident: during September 2025's Navratri, Swiggy delivered more than 100,000 vrat thalis, 99,200 plates of sabudana khichdi and 70,000 orders of sabudana vada, according to its annual food trends report.
Family offices bet Rs 2,000 cr on temple hotels
Mumbai: Family offices are investing in hospitality assets around major pilgrimage centres across India, from Deoghar and Mathura to Saurashtra and Udupi, opening a new frontier for the domestic hotel industry. From a Mumbai family office acquiring a nearly completed upscale hotel in Udupi to RR Kabel's investment in Salasar Balaji, family capital is flowing into branded hotels around India's biggest pilgrimage centres.Nearly Rs 2,000 crore has been committed across key religious destinations over the past 12-18 months, according to Noesis Hotel Advisors, as some of India's wealthiest business families turn their conviction in these destinations into a hospitality investment play.Also Read: Lemon Tree Hotels announces signing of MoU with Omaxe for operating 4,000 keysThe Udupi acquisition involves a nearly completed 137-room upscale hotel that will operate under a premium brand of Indian Hotels Company (IHCL). In Salasar Balaji, a family office is developing a 108-room property, while ITC Hotels has signed a 145-room Welcomhotel project on a six-acre site near the temple.135018616In Khatu Shyamji, Royal Orchid Hotels has signed a 120-room hotel with the Agarwal family, around 2 km from the temple.The deals signal a shift from traditional dharamshalas and independent lodgings towards branded, professionally managed hotels. IHCL, ITC Hotels, Sarovar Hotels and Radisson are among the operators expanding across religious markets.For Mahendra Kabra, managing director at RR Kabel, the investment in Salasar Balaji is driven by personal faith as well as commercial conviction.Also Read: Protests, traffic curbs in Delhi hit hotel businessResilience of Religious TravelI am a big believer in Salasar Balaji and go there every year. Instead of having a dharamshala there, I thought it would be better to invest in a hospitality asset in Salasar Balaji, he said. The hotel will be managed by Sarovar Hotels.The appeal for investors lies in the relative resilience of religious travel. A metro hotel lives and dies by corporate cycles; a pilgrimage hotel draws guests in good years and bad years alike, a representative of a Mumbai-based family office that recently invested in the segment said on condition of anonymity.Faith is India's most reliable demand generator, said Ajay Bakaya, chairman of Sarovar Hotels, an early entrant in several religious destinations. Occupancy is strong in these markets, according to him, particularly for mid-tier properties with 80-100 rooms. A lot of family offices also see development potential in investing in properties in such religious locations, he said.Much of the capital comes from regional trading, industrial and real estate families in Rajasthan, Madhya Pradesh, Uttar Pradesh, Karnataka and Andhra Pradesh. Individual investments range from 60 crore for a midscale hotel to 150 crore or more for an upscale asset, according to Noesis Hotel Advisors.This is not speculative money. These are families who have watched pilgrim footfall in their own towns double in a decade and are now converting that conviction into branded, institutional-grade assets, said Nandivardhan Jain, founder and CEO of Noesis Hotel Advisors, which has advised on some of the deals. The capital is patient, it is local and it is backed by land the family already owns. That combination makes it one of the most stable sources of hotel equity in India today. Jain cautioned, though, that resilient demand and family-owned land do not guarantee a viable hotel. A temple is not a feasibility study, he said.Better roads, airports, expressways, and pilgrimage corridors are turning day-trip destinations into overnight stops, improving the economics of branded hospitality. For hotel chains looking beyond saturated urban markets, temple towns offer a growing pool of demand and relatively limited branded supply. For family offices, experts say the bet is on faith-an enduring reason to travel.
US President Donald Trump has waived fresh sanctions and duties on Russian energy exports under a new law, citing national interest and easing concerns over potential tariffs of up to 100% on major buyers, including India. The move comes as India continues to rely on Russian crude and explores long-term LNG supplies, while New Delhi and Moscow seek to expand cooperation across oil, gas, mining and steel.
Akhilesh targets BJP govt over banking sector functioning, raises 12 questions
Central government employees await the July 2026 DA/DR hike, with no announcement as of October 16. Past revisions were announced between late September and October, raising hopes for a festive-season decision. However, history offers no guarantee of when the Centre will announce the hike.
The government announced a productivity-linked bonus for postal employees for 202526. Details here.
Hyderabads consumer commission directed SBI to pay a retired scientist 15.35 lakh after finding deficiency in service over his matured fixed deposit. Details here.
FDA suspends licences of warehouses of Reliance Consumer, Reliance Retail, Blinkit, Zomato Hyperpure
Maharashtra FDA has taken action against five warehouses for selling expired food products worth over Rs 48 lakh. Inspections revealed serious hygiene issues, including rodent infestations and lack of proper documentation. Warehouses operated by Reliance, Zomato Hyperpure, and Blinkit were found violating safety protocols significantly. Two unlicensed establishments were also shut down for storing and selling expired products.
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.
Aayush Wellness Limited has launched Aayush Calcium Vitamin Tablets, expanding its nutraceutical portfolio into the bone and joint health segment. The formulation combines calcium citrate, vitamin D2, magnesium, zinc and folic acid to support bone strength, calcium absorption and musculoskeletal health. The company said the launch aligns with growing consumer interest in preventive healthcare and nutritional supplements.
An Emirates flight from Delhi to Dubai has been delayed until October 18 after the aircraft encountered a bird strike on arrival in the national capital. Separately, Air India and Air India Express have extended the suspension of flights to Jeddah, Riyadh and Dammam until October 24 amid the security situation in West Asia, offering eligible passengers complimentary date changes.
Nestl & Hindustan Unilever face FSSAI notices
NPPA caps trade margins on 137 cancer drugs at 30%, revised prices from Nov 9
India's National Pharmaceutical Pricing Authority has capped trade margins for 137 anti-cancer drugs at 30% of their maximum retail price. This cap, effective from November 9, applies to all listed drugs, including Atezolizumab and Bevacizumab. Manufacturers must adjust prices if they exceed the newly calculated maximum retail price. Compliance will be monitored by state drug controllers and hospitals, which play a significant role in drug supply.
Meet Rahul Shukla. Axis Bank appoints former HDFC Bank veteran to lead Commercial, Bharat Banking
The appointment brings an experienced banking professional into a key role at Axis Bank, which serves businesses and customers across multiple segments of the Indian banking market.
HDFC Banks post-merger integration work largely behind us, says incoming MD & CEO Anup Bagchi
HDFC Bank has made significant strides in integrating its merger with HDFC Ltd after its completion in July. The bank's incoming CEO, Anup Bagchi, emphasized the importance of maintaining strong credit quality during varying economic cycles. Bagchi also acknowledged the contributions of Deputy Managing Director Kaizad Bharucha and the wider team. The bank plans to further improve its branch network and technology capabilities in the future.
A passenger travelling on the Kaveri Express received medical assistance after a wireless earbuds silicone tip got stuck in their ear during an overnight journey. According to a Reddit post, a call to Indian Railways 139 helpline prompted railway staff, the RPF and a doctor to coordinate help at Jolarpettai, where the earbud tip was removed.
Policyholders may claim from both employer-provided and individual health insurance for one hospitalisation. But if you overlook certain terms, it can lead to a rejection. Check details.
Agitators shut all gates of Bokaro Steel Plant; production impacted
Trained apprentices at Bokaro Steel Plant have blocked all 11 factory gates as part of their protest. This ongoing agitation, which entered its eighth day, includes an indefinite hunger strike. Protesters, mainly from displaced families, demand regularisation of their jobs and a clear recruitment policy. BSL management claims 204 of the 950 apprentices are already engaged as contractual workers.
Shridevi Institute, US-based Vaxonyx sign MoU for AI-driven cancer and genomic research
Shridevi Institute of Medical Sciences in Tumakuru has signed an MoU with Vaxonyx LLC for collaboration. This partnership aims to focus on AI-enabled bioinformatics and genomic research tailored for Indian populations. They will develop personalized cancer therapies by analyzing individual tumor profiles. The collaboration will also explore the creation of genomic datasets to improve genetic models. Moreover, they intend to develop DNA-based vaccine candidates for relevant public health issues.
Axis appoints HDFC veteran to lead Bharat Banking
ixigo has reported substantial growth in its hotel business, surpassing 5,000 room nights booked daily. The company is aiming to become a leading player in the mid-market hotel segment over the next few years. ixigo's revenue from hotel bookings has seen impressive year-on-year growth, primarily from its own user base. International flight bookings also showed significant growth, as domestic fares remained high.
Expired food found at Delhi delivery stores
ICICI Bank reported a 20% year-on-year rise in Q2 net profit to 14,843 crore, supported by an 18% increase in net interest income. However, net interest margin narrowed to 4.18% from 4.36% in the previous quarter, with the bank expecting further pressure in Q3 due to foreign currency non-resident bank (FCNR-B) deposit mobilisation and branch expansion costs.
Axis Bank's Freecharge gets in-principle RBI nod to operate as payment aggregator
Axis Bank's digital payments platform Freecharge has received in-principle approval from the Reserve Bank of India. The approval allows Freecharge to operate under PA-O1 and PA-P1 categories starting in FY27. The bank has reported a 34% year-on-year growth in UPI transaction value for July-September. Digital transactions represented 98% of the total financial transactions during this quarter. Axis Bank continues to expand its digital payments operations, reflecting ongoing investment in technology.
The central government has unveiled a Performance Linked Bonus for postal employees for the fiscal year 2025-26. This bonus will be equivalent to 60 days' emoluments, capped at Rs 7,000. Those eligible include Multi-Tasking Staff (MTS), Group C workers, and non-gazetted Group B members. Additionally, Gramin Dak Sevaks who meet certain criteria will be entitled to an ex-gratia bonus, as detailed by the Department of Posts.
