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Government Forms High-Level Committee for Banking Reforms

The Indian government has established a high-level committee tasked with creating a roadmap to make Indian banks globally competitive. The committee aims to recommend reforms to strengthen India's financial architecture by 2047, aligning with the vision of Viksit Bharat 2047. The government has set a six-month agenda for these banking reforms, despite opposition from the Bank Employees Federation concerned about public interest.

The Indian Express·

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SciencePhoto: News18 Hindi

ISRO Plans Five Major Missions Including Gaganyaan Unmanned Flight

ISRO strengthened India's NavIC system by successfully launching the NVS-03 navigation satellite, bringing the total to four satellites in orbit. Two more satellites are being prepared, and one is awaiting approval to reach the required seven for better navigation services. ISRO plans at least five launches this fiscal year, including the first unmanned mission of Gaganyaan, with three unmanned missions planned before sending humans to space. Over 8,000 tests have been conducted so far.

News18 Hindi·

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BusinessPhoto: ET Markets

Ratnadeep Retail Gets Sebi Nod for Rs 400 Crore IPO

Ratnadeep Retail, a value-fashion retailer based in Hyderabad, has received approval from Sebi to launch an IPO. The issue includes a fresh issue of up to Rs 400 crore and an offer for sale of 1.49 crore shares. The company plans to use part of the funds to repay borrowings and expand its store network across India.

ET Markets··Hyderabad

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SciencePhoto: Deccan Herald

ISRO flew NVS-03 satellite with pyro valves open to ensure mission success

ISRO chief V Narayanan stated that to overcome technical issues and ensure mission reliability, the NVS-03 satellite was operated with three pyro valves open. This decision followed rigorous vibration and shock tests by a national committee led by former ISRO chief Kiran Kumar. The move addressed previous failures seen in the NVS-02 satellite launched in 2025. ISRO plans to launch NVS-04 next, with four satellites now active in India's navigation system.

Deccan Herald··Sriharikota

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BusinessPhoto: HT Entertainment

Tom Hanks' Coffee Brand Supports Hundreds of Military Families

In November 2022, Tom Hanks launched HANX for our troops, a consumer goods company donating 100% of net profits to veteran support organizations. The brand's coffee line, including blends like First Class Joe, has helped hundreds of U.S. military families by September 2026. Hanks, known for military roles, created the brand to provide comfort and aid to veterans and their families.

HT Entertainment·

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PoliticsPhoto: The Hindu

Man Escapes Police Custody Before Coimbatore Central Prison Admission

Raghavan, a 25-year-old convicted of theft in Bengaluru, escaped police custody for the second time in Coimbatore early on October 31, 2026. He was arrested on October 30 and remanded to judicial custody but escaped around 12:40 a.m. by pushing escorting police before entering Coimbatore Central Prison. Police launched an intensive search with drone surveillance and special teams.

The Hindu··Coimbatore

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