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BusinessEmkay Research reports that Indian banks could see a 25.4% year-on-year increase in net profit in Q2FY27. Healthy loan growth is boosting income and lowering loan loss provisions. However, higher foreign currency deposits may pressure lending margins, affecting profitability. Overall banking system growth is expected to moderate as FCNR-B funding normalizes.
Economic Times·
PoliticsDuring the Special Intensive Revision (SIR) of electoral rolls in Telangana, 12,204 voter names have been deleted based on Form 7 applications, according to Chief Electoral Officer C Sudharshan Reddy. By October 7, over 10.24 lakh claims and objections were filed statewide via Forms 6, 6A, 7, and 8. Form 7 is used for deletions, with 24,323 deletion requests received and 12,204 processed. The process has faced controversy due to alleged misuse targeting Muslim voters.
The News Minute·
PoliticsThe Trump administration has suspended access to the Permanent Labour Certification (PERM) program for eight tech companies amid a green card crackdown. This move impacts Indian professionals seeking US green cards and skilled foreign workers, raising concerns about the future of talent acquisition in America's technology sector. Shobit Mathur, Co-Founder of Rishihood University, comments on the necessity of foreign talent for US tech firms and the potential consequences of this policy shift.
News18 World·
SportsArgentine prosecutors have requested prison sentences of up to 12 years for seven healthcare workers who cared for football legend Diego Maradona before his death in November 2020. The medical team is accused of providing chaotic and inadequate care while Maradona was recovering from brain surgery. Maradona died at 60 from heart failure and pulmonary edema at his home in Tigre, Buenos Aires.
News18 Sports··Tigre
EntertainmentAwarapan 2, directed by Nitin Kakkar and starring Emraan Hashmi, Disha Patani, and Shabana Azmi, was released in theatres in August to mixed reviews. The sequel to the 2007 film Awarapan performed well at the box office and revived nostalgia for Emraan's role as gangster Shivam Pandit. The film is now available for streaming on Prime Video, which promoted it with a video featuring Emraan.
HT Entertainment·
TechnologyThe US Justice Department announced the seizure of seven internet domains to disrupt hackers linked to China's Integrity Technology Group. These domains were used to scan and hack critical infrastructure in the US and abroad. This is the second public disruption effort after a 2024 court-authorized takedown of a botnet of over 250,000 devices tied to the group, known as "Flax Typhoon."
ET Tech·
Economic Times·
Emkay Research reports that Indian banks could see a 25.4% year-on-year increase in net profit in Q2FY27. Healthy loan growth is boosting income and lowering loan loss provisions. However, higher foreign currency deposits may pressure lending margins, affecting profitability. Overall banking system growth is expected to moderate as FCNR-B funding normalizes.
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