Indian banks are projected to achieve healthy profit growth in the second quarter of financial year 2027 (Q2FY27), driven by lower credit costs, robust advance growth, and fee income. However, net interest margins (NIMs) are expected to face pressure due to significant mobilisation of foreign currency non-resident (bank) FCNR(B) deposits.
The GST Council has approved a proposal allowing pharmaceutical companies to claim Input Tax Credit (ITC) on free samples and goods destroyed or written off due to expiry, effective from the next fiscal year. This move aims to support manufacturing, liquidity, and exports within the sector.
A mass shooting and hours-long standoff in Erie, Pennsylvania, left nine people dead, including two children. CBS News, citing local media reports, indicated that law enforcement was dispatched to Perry Street around 5 PM on Friday following witness accounts of an armed man firing shots before entering a residence.
Prime Minister Narendra Modi has urged for a global framework to combat cross-border cyber frauds and deepfakes, highlighting the need for governments, tech companies, telecom operators, and financial institutions to collaborate. Speaking at the India Mobile Congress 2026, Modi stressed that technology thrives on trust and that India is ready to share its expertise in tackling cyber threats. He also noted the rapid expansion of 5G and the success of digital governance initiatives like Direct Benefit Transfer.
A dentist on a Tel Aviv-bound flydubai flight heroically saved Captain Smit Machchhar's life after he was stabbed by a co-pilot in an apparent attempt to crash the aircraft. Dr. Shuta Musaev's 45-minute intervention, using makeshift medical supplies, stabilised the severely injured captain, who is now recovering and has been praised by Indian and Israeli Prime Ministers.
Haryana is institutionalising drone technology as a key governance tool, deploying AI-powered surveillance and high-resolution geospatial mapping. This initiative aims to detect illegal constructions, monitor mining activities, map civic infrastructure, and track pollution across the state. The Chief Secretary reviewed progress on various projects, including an AI-powered Change Detection Application and digital mapping of municipal assets, highlighting the state's commitment to evidence-based governance and improved public service delivery.
Two men from Jammu and Kashmir and Rajasthan have been arrested for allegedly duping a Delhi resident of Rs 6 lakh in a digital arrest cyber fraud. The accused impersonated law enforcement officials, threatened the victim, and induced him to transfer money. Investigations revealed links to multiple other cyber fraud complaints and a Cambodia-linked digital trail.
A 39-year-old woman, Pinki, was arrested in New Delhi's Chanakyapuri for allegedly using her minor son to sell ganja. Police apprehended her after finding her 14-year-old son with suspected ganja pouches. Pinki, who has previous NDPS Act cases, was found with additional ganja, bringing the total recovery to 43 pouches. A case has been registered under the NDPS Act and Juvenile Justice Act.
The Supreme Court stated it has not approved any modifications to Form 6, used for electoral roll inclusion, during the Special Intensive Revision. This observation came during the hearing of a Public Interest Litigation (PIL) challenging alleged unilateral decisions by the Chief Election Commissioner regarding changes to Form 6 and electoral roll revisions in states like Goa and West Bengal, without the concurrence of his colleagues. The court issued notice on the plea, highlighting concerns over collective decision-making within the Election Commission.
Opposition parties in Thane, including Shiv Sena (UBT), NCP (SP), and MNS, have announced a protest march to the Police Commissionerate on October 9. This demonstration is in response to the deteriorating law and order situation following the murder of Shiv Sena (UBT) leader Pradeep Purnekar. Police have made arrests in the case, and the victim's son has accused a rival Shiv Sena leader of involvement.
A 75-year-old retired teacher, Madhu Sharma, was found strangled to death in her Gurugram home. Police have arrested 22-year-old Suraj Gupta, who confessed to the crime. Authorities are investigating the motive, including a possible theft angle.
An Assistant Secretary of the Gurugram Market Committee, Sukhbir Singh, was arrested by the Anti-Corruption Bureau (ACB) for allegedly accepting a Rs 10,000 monthly bribe from a vegetable vendor. The arrest followed a complaint and a successful trap operation.
Tata Consultancy Services (TCS) has stated that the recent suspension of eight IT firms, including itself, from a US green card programme will not impact its workforce strategy or customer engagements, citing its low number of applications and focus on local hiring.
Modi's greater weakness is his inability since July when he directed the exit of Dharmendra Pradhan, to come up with a political counter strategy. Security measures and executive orders as seen in recent days will only likely further weaken him and make him as lame duck a premier as many prior to him, Indira Gandhi and Manmohan Singh included, observes Nilanjan Mukhopadhyay.
The Delhi Golf Club is set to host the star-studded DP World India Championship from October 15 to 18, featuring top golfers like Rory McIlroy, Tommy Fleetwood, and other Major winners. The USD 4 million event, held at the historic venue, aims to boost golf's profile in India and offer young Indian players a chance to learn from the best.
Hockey India has issued a show-cause notice to the Hockey Association of Odisha (HAO), threatening to reclassify it from a permanent to an associate member due to alleged non-compliance with federation bye-laws. The notice follows an adverse report that stalled HAO's elections, citing serious deficiencies in its district units, including unelected administrative officials holding key posts and a lack of proper election documentation. HAO has two weeks to respond.
The Kerala High Court has directed the Vigilance to register an FIR under the anti-graft law against former Chief Minister Pinarayi Vijayan, his daughter Veena T, and son-in-law P A Mohamed Riyas in the alleged CMRL bribery case. The court stated that information provided by the Enforcement Directorate contains sufficient material to show commission of cognizable offences under the Prevention of Corruption Act, ruling out the need for a preliminary enquiry. The court also deemed illegal the state government's decision to form a Special Investigation Team for a preliminary enquiry.
Sikkim Vigilance Police has arrested a former general manager of the State Bank of Sikkim (SBS) in connection with a disproportionate assets case, conducting searches at multiple residential premises in Gangtok and Siliguri. The former GM is accused of embezzling crores of rupees and acquiring properties through illegal means during his tenure between 2022 and 2024. The Enforcement Directorate had also previously attached properties linked to him.
Indian golfer Shubhankar Sharma won the Rs 2 crore Kapil Dev Invitational Tour Championship by six strokes in Greater Noida on Saturday, securing his second DP World PGTI victory this season. His dominant performance, highlighted by a crucial eagle on the 12th hole, provides a significant boost ahead of the upcoming DP World India Championship.
A special MPID court in Mumbai has framed charges against developer Vijay Machhindar, his wife, and their company Ornate Spaces Pvt Ltd for allegedly cheating homebuyers and investors of Rs 28 crore. The charges relate to failing to deliver flats in an Oshiwara residential project and not returning the invested money, leading to a trial under IPC, MPID, and MOFA provisions.
Union minister Chirag Paswan criticised the Opposition for playing politics with protests against the Election Commission, particularly regarding the Cockroach Janata Party's planned demonstrations and the resulting train cancellations. He asserted that such disruptions cannot deter India's youth and urged the Opposition to seek solutions rather than merely protesting.
PFRDA Chairperson S Ramann announced an ambitious target to add 2-3 crore new subscribers to the National Pension System (NPS) within the next two years. This growth will be significantly driven by the new 'NPS Tatkal' scheme, which enables direct enrolment and contributions via UPI applications, making the pension system more accessible, especially in tier 2 and tier 3 cities and for the informal sector.
Ajinkya Shinde, a native of Latur, Maharashtra, has taken charge of the Cockroach Janta Party's (CJP) "Jantar Mantar 2.0" protest in Delhi. This follows the detention of CJP's top leaders, including Dipke, Saurav Das, and Ashutosh Ranka, by Delhi Police on Saturday. Shinde, a former computer engineer and AAP activist, is leading the agitation against Chief Election Commissioner Gyanesh Kumar over alleged voter-list manipulation. The national capital saw a significant crackdown on Saturday, with nearly 500 protesters and leaders detained.
Sri Lankan Buddhist monk Galagoda Aththe Gnanasara, a prominent Sinhala-Buddhist nationalist figure, has been remanded after his arrest. This follows weeks in hiding since the Supreme Court overturned his 2019 presidential pardon, restoring his original six-year jail term for contempt of court and criminal intimidation. Gnanasara's organisation, Bodu Bala Sena, is known for its campaigns against the Muslim minority.
Shubhankar Sharma retained a two-shot lead after the third round of the Kapil Dev Invitational Tour Championship on Friday, despite an even-par 72. Bengaluru's Manoj S and Italy's Michele Ortolani are his closest challengers heading into the final round.
Microsoft has clarified that 80 per cent of its H1-B visa applications in the last fiscal year were for existing employees, not new hires, following its suspension from a US green card programme.
A flash flood in Nepal's Budhi Gandaki River in Gorkha district has swept away houses, damaged two hydropower projects, and left at least 10 people missing. Authorities have rescued nearly 50 people and mobilised security agencies for search and rescue operations, urging riverside villagers to move to safer locations.
The CBI has registered a case against Basanta Kumar Das, former director of the ICAR-Central Inland Fisheries Research Institute, for allegedly diverting over Rs 27 lakh in government funds to his family members and others. The FIR states that these diversions caused wrongful loss to the exchequer.
A father and son in Gonda, Uttar Pradesh, have been sentenced to life imprisonment for the murder of a young couple. The father discovered his 18-year-old daughter with her 19-year-old boyfriend, leading to a fatal beating of both. The bodies were disposed of separately, and a police investigation revealed the couple's relationship was opposed by the daughter's family.
Police in Kozhikode, Keralam, arrested a 38-year-old man, Muhammad Shafi, with 600.21 grams of MDMA from a lodge. Shafi was allegedly involved in drug peddling, procuring the banned substance from other states and selling it locally. Authorities are investigating the source of the large quantity of MDMA.
Four faculty members from Nagaland University have been named among the world's top 2 per cent scientists for their significant research contributions, according to an annual database by Elsevier and Stanford University. Three of them also feature in the Career-Long Top 2 per cent Scientists list, highlighting the university's growing global research impact across various scientific disciplines.
National Commission for Women chairperson Vijaya Rahatkar urged protection officers to prioritise "first response" in domestic violence cases, emphasising sensitive handling and immediate intervention to prevent tragedies. She highlighted that the success of protection officers lies in timely protection for women, not just file processing. Rahatkar stressed the importance of the Protection of Women from Domestic Violence Act, 2005, and called for a comprehensive "One Woman, One Support System" approach involving various services, continuous training, and prevention through awareness and empowerment.
A textile company director in Thane was allegedly defrauded of Rs 20.58 crore by five individuals who promised to secure loans for factory expansion and government uniform supply contracts. The accused reportedly misused financial documents and misappropriated funds.
Samarth Dwivedi and Gaganjeet Bhullar are tied for the lead after the second round of the AM Green IGPL Krishna Invitational in Hyderabad. Young talents Veer Ganapathy and Manav Shah are just one shot behind, setting up an exciting final day.
Paytm founder Vijay Shekhar Sharma has pledged personal funds, ranging from Rs 1 crore to Rs 2 crore, to Indian entrepreneurs developing their own artificial intelligence models. This initiative aims to foster indigenous AI capabilities and reduce reliance on foreign models, echoing Sharma's past success in mobile payments.
Shubhankar Sharma fired a seven-under 65 in the second round of the Kapil Dev Invitational Tour Championship, establishing a four-shot lead. The Chandigarh golfer reached 11-under 133, with Brashwarpal Singh in second place and overnight leader Shaurya Bhattacharya slipping to third.
A 24-member Indian shooting contingent, led by Olympic bronze medallists Swapnil Kusale and Sarabjot Singh, will compete at the ISSF World Cup Rifle/Pistol in Cairo starting Saturday. The squad, which recently completed a national camp, will participate in eight individual Olympic disciplines and two mixed team events, featuring a mix of experienced Olympians and promising young talent.
Airtel Business CEO Sharat Sinha stated that evolving architecture and methodologies for safely deploying Artificial Intelligence, coupled with adequate guardrails, are essential to unlock productivity gains. He welcomed the government's upcoming consultation paper on AI regulation, focusing on safety, deepfakes, and a human-first approach. Sinha also highlighted AI's role in driving demand for digital infrastructure and Airtel's growth in cybersecurity and fraud prevention.
A young Tamil Nadu batter has been fined Rs 1 lakh by the BCCI's Anti-Corruption and Security Unit (ACSU) for violating the Players and Match Officials Area (PMOA) protocol during a Tamil Nadu Premier League game by using his mobile phone. The player, a left-hander who scored two fifties in last year's Ranji Trophy, was texting his girlfriend during the match.
Para-shooters protesting alleged corruption in the selection process for the Aichi-Nagoya Para Asian Games met Sports Minister Mansukh Mandaviya. They accused the Paralympic Committee of India (PCI) of relaxing norms to include unqualified shooters and sought an inquiry into financial irregularities. The Minister is deliberating a resolution.
