Axis Bank MD & CEO Amitabh Chaudhry has cautioned that the surge in FCNR(B) deposits could lead to 'abnormal lending' as banks seek to deploy excess liquidity, while also hinting at a potential interest rate hike in the near future.
Jailed Jammu and Kashmir Liberation Front (JKLF) chief Mohammad Yasin Malik, accused in the 1990 murder of a Kashmiri Pandit woman, has submitted a 25-page affidavit. In it, he pleads not guilty, refuses to contest the case, and asks for capital punishment. Malik also announced his decision to divorce his wife, Mushaal Hussein Mullick, citing prolonged incarceration and inability to communicate. He claims the charges are fabricated and politically motivated, arguing he was critically injured at the time of the alleged murder.
Buyers should check their scope and triggers and whether they need such policies alongside their regular health insurance.
Reserve Bank of India (RBI) Deputy Governor Rohit Jain has warned that financial institutions' increasing reliance on a small number of common technology providers, including cloud and AI model providers, could create a new source of systemic risk. He highlighted 'speed, concentration and opacity' as key risks, noting that a disruption at one provider could rapidly spread across multiple institutions, amplifying existing financial risks.
Mirzapur: The Movie has achieved a superhit opening weekend, demonstrating potential to join the Rs 200 crore club, despite being an experimental film adapted from an OTT series without conventional star power.
The death toll in the Sagar hooch tragedy in Madhya Pradesh has risen to 12, with nearly 30 others under medical observation. Police have arrested 14 individuals and launched a major crackdown on bootleggers, investigating a potential link to Lalitpur, Uttar Pradesh. Three excise officials and two police personnel have been suspended, and the Chief Minister has ordered a probe.
A tragic incident at Naldurg Fort in Maharashtra's Dharashiv district led to the deaths of a 30-year-old woman, Ashwini Manohar Pol, and two of her three minor children after they fell from the Upli bastion. Police have registered an accidental death report and are investigating the circumstances surrounding the fall.
The Delhi High Court has dismissed a Public Interest Litigation (PIL) challenging the closure of Visakhapatnam Airport for commercial flights, directing the petitioner to approach the Andhra Pradesh High Court instead. The court cited "forum non conveniens," stating that the primary impact and cause of action lie in Visakhapatnam, where a similar PIL is already pending. The petitioner argued that the decision to close the existing airport for 30 years, transferring operations to a new airport 60 km away, was arbitrary and wasted public funds.
A new report by CIEL HR indicates a massive 260 per cent year-on-year surge in demand for Agentic AI engineers in India by 2026. This growth highlights AI's increasing role in automating routine tech functions and the evolving landscape of technology skills, prompting organisations to invest in reskilling and talent development to meet the rising demand for AI, cloud, and cybersecurity expertise.
UIDAI Chairman Neelkanth Mishra announced the extensive deployment of Artificial Intelligence to detect and counter fraud in Aadhaar, describing it as a "cat-and-mouse game." He highlighted the dramatic increase in daily Aadhaar authentications and the launch of the Aadhaar Face Authentication SDK and Sandbox to enhance security and ease of integration for ecosystem partners.
The Revolutionaries never draws you into its world nor explains the mind and motivation of its heroes or even the mood within a nation they're going through so much trouble for, observes Sukanya Verma.
Tilak Varma has set his sights on winning India's upcoming T20I series against Afghanistan after the Duleep Trophy, where he led South Zone.
Amardip 'Amo' Dhariwal, a 55-year-old Indian-origin former British Airways cabin crew manager, has been convicted of sexually assaulting a female colleague at his home in Berkshire, UK. The conviction followed a nine-day retrial after a previous hung jury. Dhariwal is awaiting sentencing on October 29. Two other women also provided "bad character evidence" regarding alleged assaults outside the UK, though those charges were discontinued due to jurisdiction issues.
Senior Congress leader Shashi Tharoor has articulated India's position on BRICS, advocating for it to be a "non-West, but not anti-West" platform, a stance he believes is crucial for India's national interest. He highlighted the prestige of hosting the BRICS summit, India's responsibility to represent the Global South, and the significance of bilateral meetings, particularly with China and Russia. Tharoor also addressed the strained India-China relations, citing border issues and trade leverage, and discussed the challenges within BRICS, including difficulties in achieving consensus on global issues and trade imbalances, while also considering the need for diversified international relations amidst unpredictable US sanctions.
The UN General Assembly has adopted a resolution, backed by India, to correct the world map for a more accurate representation of continental landmasses. The resolution addresses the distortions caused by the widely used Mercator projection, which minimises the perceived sizes of regions like Africa, Latin America, and South Asia, promoting an unbalanced global view. India supports the move towards more accurate cartographic practices, specifically endorsing broader use of Equal Area map projections.
World Letter Writing Day is a time to recall historic letters. Some letters were written in love. Some in grief. Others at moments when the world stood on the brink of change.
A Delhi court has ordered the framing of money laundering charges against former railway minister Lalu Prasad Yadav, his wife Rabri Devi, son Tejashwi Yadav, and six others in the alleged IRCTC hotel scam. The court found strong suspicion of a manipulated tender for railway hotels and a quid pro quo involving land transfer at undervalued rates.
India pacer Mohammad Siraj has attributed his drop in pace and rhythm since the recent tour of Sri Lanka to an extended two-month break.
Real Madrid manager Jose Mourinho has stated he feels no added pressure to win the Champions League in his second spell, ahead of their opening match against Inter Milan, emphasising that his current tenure is distinct from his past one.
SpaceX, led by Elon Musk, is establishing an in-house foundry in Bastrop, Texas, to produce high-spec gas turbine blades and vanes. This strategic move aims to alleviate a critical supply chain bottleneck hindering power generation for AI data centres in the US and accelerate natural gas turbine availability by up to 18 months. The facility will also leverage synergies with aerospace component manufacturing.
India's current account deficit could widen to 1.7 per cent of GDP, or about $71 billion, if crude oil prices stay above $90 a barrel for a significant part of the second half of FY27.
Ben Shelton's victory over Stefanos Tsitsipas at the US Open quarter-finals marked the first time in 149 years that no male player with a one-handed backhand reached a Grand Slam semi-final, highlighting the decline of the elegant stroke in modern tennis.
'We feel strongly about so much injustice that is out there in the world. For us, it is very important that we take away this word called 'victim' and make something out of it. I want to celebrate survivors, always.'
Actress Bipasha Basu has raised concerns over food safety and the quality of packaged food after claiming that she found several tiny worms inside a newly opened food container, prompting her to seek intervention from Maharashtra FDA Commissioner Tukaram Mundhe.
Brazil's legendary captain Cafu advises the Indian national football team to view their upcoming friendly match against five-time world champions Brazil as a crucial learning experience for future World Cup cycles, rather than just a spectacle. He highlights Brazil's strong connection with Kolkata and identifies promising young Brazilian talents for the future.
Delhi Police have prepared a 1,500-page chargesheet in the Mehrauli murder case of a 10-year-old girl, revealing that the accused cab driver, Bashu Kumar Singh, left his driving licence at the crime scene. This crucial piece of evidence, along with CCTV footage, forensic analysis, and pictorial reconstruction, helped investigators establish the sequence of events leading to his arrest and the recovery of the victim's body. The chargesheet details the abduction, sexual assault, and murder, highlighting the scientific approach taken by the police.
All of Gandhari's attempts to shroud itself in mystery are laughable, sighs Sukanya Verma.
A court in New Delhi has acquitted 12 persons accused of murder, rioting, and dacoity in a 2020 northeast Delhi riots case, saying that criminal liability cannot be fastened on a person merely because he was a member of an unlawful assembly without proof of his individual acts.
The Chhattisgarh High Court has ruled that married daughters of deceased employees are entitled to compassionate appointments, stating that marital status should not be a disqualification. The court found the bank's rejection of claims based solely on marital status to be arbitrary and discriminatory, especially when married sons were granted similar benefits. This landmark decision emphasizes dependency over marital status as the criterion for such appointments.
Potential external candidates include Anup Bagchi, Rajiv Sabharwal and CSB Bank's Pralay Mondal.
The Supreme Court has expressed serious concern over public health, especially children's, due to packaged foods high in salt, sugar, and fat, urging stakeholders to implement front-of-pack warning labels. The court criticised the FSSAI for delays and proposed a red-coloured hexagonal warning label for products high in two or more specified nutrients, to be implemented in phases.
The Ministry of External Affairs stated that India's participation in the 2027 SAF Games in Pakistan will be guided by the sports ministry's policy, which permits Indian athletes to compete in events with Pakistani participants and vice-versa. Separately, the MEA also commented on the ongoing legal proceedings for seven foreign nationals, including a US citizen and six Ukrainians, who were recently chargesheeted by the NIA for illegal entry and movement, though not under UAPA at this stage.
Higher US Treasury yields, particularly the 10-year yield approaching 5 per cent, pose a significant near-term risk to global equity markets, including India, potentially triggering a 'big correction' according to market strategists.
India's market regulator, Sebi, is set to issue a consultation paper proposing changes to the methodology for determining settlement prices of derivative contracts, following significant feedback and 'sharp price spikes and distortions' observed during the recently implemented Closing Auction Session (CAS) mechanism.
A hooch tragedy in Sagar, Madhya Pradesh, has claimed 11 lives, with investigations pointing to a suspected link with cheaper spurious liquor supplied from neighbouring Uttar Pradesh. This incident echoes previous tragedies in the Bundelkhand region, highlighting the ongoing issue of cross-border alcohol trade.
The Ladakh Marathon has registered around 8,000 participants, with Chief Secretary Ashish Kundra reviewing preparations. The event is gaining international recognition, showcasing Ladakh's natural beauty and promoting high-altitude sports and tourism. Local participation is encouraged to enhance the event's vibrancy and strengthen Ladakh's identity as a premier destination for adventure sports.
The Samyukta Kisan Morcha (SKM) has ended its protest at the Chandigarh-Mohali border after receiving written assurances from the Punjab government. The government has pledged to convene a state Assembly session within a month to address issues concerning river waters, agriculture, and farmer loans, including resolutions against old water agreements and certain central bills.
A 19-year-old college student in Bengaluru was allegedly abducted and assaulted by a group of individuals. The incident occurred near his college, leading to a police investigation and the registration of a case against five identified accused.
'If a student can get a good teacher, quality content and mock tests at no cost, it becomes very hard for a mid-tier coaching centre to keep charging for the same lecture.'
Hindutva influencer Swatantra Bhardwaj has been sent to 14-day judicial custody in connection with the alleged assault on a student activist's father during a protest at Jantar Mantar. Bhardwaj was detained after claiming he "cracked the skull" of the victim and escaped arrest due to political connections. Additional charges under the SC/ST Act, criminal intimidation, POCSO Act, and IT Act have also been added.
