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BusinessPhoto: Deccan Herald

Federal Bank Q2 Net Profit Rises 45% to Rs 1,386 Crore

Federal Bank, headquartered in Aluva, reported a 45.1% year-on-year net profit increase to Rs 1,386 crore in Q2 FY27, its highest quarterly profit. Net interest income rose 26.4% to Rs 3,153 crore, and other income hit a record Rs 1,490 crore. Fee income grew 32%, net interest margin improved to 3.32%, and the cost-to-income ratio fell to 52.08%. Total business reached Rs 6.4 lakh crore, with deposits up 19%. Gross and net NPAs were at decade lows of 1.32% and 0.17%. Rajesh Varrier joined the board to support tech initiatives.

Deccan Herald··Aluva

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SportsPhoto: Aaj Tak

Rahul Dravid's Son Anvay Scores Century to Lead Karnataka

Anvay Dravid, son of Rahul Dravid, is excelling in Under-19 cricket. He scored a century against Gujarat, playing a crucial role in Karnataka's advancement to the knockout stage. His current form could be vital for the team's future success in the tournament.

Aaj Tak··Karnataka

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BusinessPhoto: ET Markets

Jio's $3.2 Billion IPO Tests Reliance's Appeal Among Young Indians

Jio Platforms Ltd., the telecom and digital services arm of Reliance Industries, plans to raise $3.2 billion in its IPO opening on October 21. This will be India's largest IPO and will test the enduring appeal of the Reliance brand among a new generation of investors, with nearly 40% of India's 130 million stock-market investors under 30 years old. Younger investors focus more on growth, profits, and valuation compared to older generations.

ET Markets·

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PoliticsPhoto: News18 World

US Ends 540-Day Work Permit Extension for H-1B and Others

The US has ended the automatic 540-day extension of work permits for several immigrant categories, including H-1B workers and their H-4 spouses. This change, formalized by USCIS, affects those awaiting renewal while their applications are pending. Initially introduced in May 2022 to ease backlog issues, the extension will no longer apply to adjustment of status applicants, asylum seekers, refugees, and Temporary Protected Status beneficiaries.

News18 World·

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WorldPhoto: News18 Hindi

JEE Main 2027 Candidates Must Verify Documents Before Registration

Before registering for JEE Main 2027, candidates must verify their 10th certificate and identity documents. Any mismatch in name, date of birth, or photo may lead to rejection by the NTA verification system. Candidates should correct errors promptly to avoid application cancellation and ensure eligibility to appear in the exam.

News18 Hindi·

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HealthPhoto: Deccan Herald

Doctor Urges Emergency Evacuation Routes at Mangaluru Temple Festivals

A senior interventional cardiologist in Mangaluru has urged authorities to ensure emergency evacuation routes during temple festivals after a man suffered cardiac arrest near Kudroli Gokarnanath Temple. Due to the large crowd, his relatives had to transport him on a motorcycle to reach the hospital. The patient underwent angioplasty and is now stable. The doctor emphasized the need for clear emergency routes at all major temple events.

Deccan Herald··Mangaluru

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