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BusinessPhoto: ET MarketsAs of October 21, the banking system's liquidity surplus dropped to ₹541 crore due to increased cash demand. Banks have raised fund parking to maintain a 99% daily cash reserve ratio. The weighted average call rate (WACR) climbed to 5.65%, 15 basis points above the repo rate. The Reserve Bank of India conducted variable rate repo operations to manage liquidity.
ET Markets·
BusinessPhoto: ET MarketsKotak Mahindra Bank is expected to report a year-on-year net profit increase of up to 32% for Q2FY27. Brokerages predict profit after tax growth between 27% and 31.9%, driven by strong net interest income. Loan and deposit growth, along with net interest margins and operating expenses, will be key factors affecting the bank's performance and profitability this quarter.
ET Markets·
PoliticsPhoto: Firstpost TechRhode Island has filed a lawsuit against Meta, accusing the company of tolerating scam advertisements on its platforms. The complaint demands monetary civil penalties for each violation of state law, restitution for consumers, disgorgement of ill-gotten gains, and a judicial order requiring Meta to address scam ads instead of profiting from them.
Firstpost Tech·
PoliticsPhoto: News18Delhi Police has denied permission for Punjabi singer Diljit Dosanjh's concert scheduled on October 30 in Delhi, citing security concerns during the festive season. This decision has created uncertainty about the event and sparked a political controversy. The Aam Aadmi Party (AAP) accused the government of targeting Dosanjh because he is from Punjab, questioning the security rationale behind the denial.
News18··Delhi
TechnologyPhoto: HT EntertainmentChina's first fully AI-generated feature film, 'Sanxingdui: Future Past,' opened in cinemas with over 10,000 screenings scheduled. Despite a $1.5 million production cost, presale revenue was only about $9,700, with total box office expected below $15,000. Bona Film Group CEO Jiang Defu acknowledged the lukewarm reception but highlighted the film's pioneering status in China's tech and film industry.
HT Entertainment·
BusinessPhoto: NDTV BusinessCyient Ltd. shares surged about 9% after reporting a 16.6% sequential rise in net profit to Rs 121 crore for Q2 fiscal 2027. Revenue increased 7.7% to Rs 2,235 crore, and EBITDA rose 21.6% to Rs 228.3 crore with a margin expansion to 10.21%. The company declared a Rs 12 interim dividend and highlighted growth opportunities in defence, semiconductors, and AI.
NDTV Business·
ET Markets·
Photo: ET MarketsAs of October 21, the banking system's liquidity surplus dropped to ₹541 crore due to increased cash demand. Banks have raised fund parking to maintain a 99% daily cash reserve ratio. The weighted average call rate (WACR) climbed to 5.65%, 15 basis points above the repo rate. The Reserve Bank of India conducted variable rate repo operations to manage liquidity.
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