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BusinessPhoto: Business Standard

Barclays to Cut 5,000 Jobs Amid AI Cost-Cutting Drive

Barclays announced it will cut around 5,000 jobs, about 5% of its workforce, this year as part of an AI-led effort to reduce fixed costs and improve returns. The bank reported a 12% rise in third-quarter profit to £2.3 billion ($3.08 billion), though it missed forecasts due to weak fixed income trading. CEO C S Venkatakrishnan expressed disappointment over trading performance. About 60% of job cuts will affect support roles like developers.

Business Standard·

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BusinessPhoto: Deccan Herald

India's Retail Inflation Hits 5.54% in September, Near RBI Threshold

India's retail inflation reached 5.54% in September, nearing the Reserve Bank of India's 6% tolerance limit. Food inflation rose to 7.74%, with rural food inflation at 8.06%. Wholesale prices surged 11.39%. Key items like onions, sugar, and sunflower oil saw significant price hikes. Inflation pressures stem from rising crude prices due to West Asia conflict, a weak rupee, and poor monsoon causing drought conditions and higher transport costs.

Deccan Herald·

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PoliticsPhoto: DNA India

Delhi Police Arrest Influencer Amir Shokeen for Racial Remarks Against Tripura Youth

Delhi Police arrested social media influencer Amir Shokeen on Thursday following an FIR over alleged racial harassment of a Tripura youth in a viral video. The case was registered at Sadar Bazar police station under Sections 192, 196, 352, and 353 of the Bharatiya Nyaya Sanhita. Shokeen, known for street comedy on Instagram with 140,000 followers, faces accusations of crossing humor into harassment.

DNA India··Delhi

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SportsPhoto: Hindu Sport

Promising Indian Sprinter Dondapati Jayaram Dies in Road Accident

Dondapati Mrutyum Jayaram, a promising Indian sprinter from Odisha, died in a road accident near Cuttack on October 21, 2026. Jayaram and fellow athlete Malay Barik were traveling by motorcycle to celebrate Dussehra when they crashed into a road median. Both were declared dead at SCB Medical College and Hospital. Jayaram, originally from Kakinada, Andhra Pradesh, trained in Bhubaneswar and represented India at the Under-20 level.

Hindu Sport··Cuttack

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BusinessPhoto: Economic Times

Two More Interest Rate Hikes Expected by February

Market participants and economists anticipate a 25 basis points interest rate increase in both December and February reviews. An additional 25 basis points hike in April is possible if crude oil prices stay above $100. Barclays noted the probability of a December hike has risen, forecasting a terminal rate of 6% for this cycle, which is expected to be shallow.

Economic Times·

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PoliticsPhoto: Economic Times

Cabinet Secretary Flags Interference in Election Commission Letters

The Cabinet Secretariat reviewed letters from Election Commissioners Sukhbir Singh Sandhu and Vivek Joshi about Deputy EC Maneesh Garg's unauthorized actions. The letters stated Garg acted without approval and ignored protocols despite repeated warnings. These communications were deemed unofficial and not representing the entire Election Commission, raising concerns over Garg's conduct.

Economic Times·

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