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Business

Indian Banks Face $500 Million FX Losses After RBI Curbs

Indian banks incurred nearly $500 million in mark-to-market losses on foreign exchange trading in the first half of 2026 due to RBI's March 27 directive capping end-of-day rupee net open positions at $100 million. Banks had to unwind positions by April 10 amid rupee volatility and foreign investor outflows, later recovering about $400 million as market conditions normalized, according to Crisil Coalition Greenwich research.

Business Standard·

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Business

India-US Trade Deal Talks Progress After Piyush Goyal Meeting

India and the US are making progress in trade deal negotiations. US Trade Representative James Greer described discussions with India's Commerce Minister Piyush Goyal as positive. Both sides identified sticking points in the agreement and are working to resolve them. Greer clarified the announcement timing depends on resolving remaining issues related to India. The deal's finalization awaits consensus on these matters.

News18Hi Business·

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Politics

Tennessee Halts Executions After Failed Attempt on Christa Pike

Christa Pike, sentenced to death for a 1995 murder, survived a failed execution attempt in Tennessee after receiving a double dose of the lethal drug. She was hospitalized in critical condition and is receiving lifesaving care. The unprecedented failure prompted Governor Bill Lee to halt all executions this year and order an independent review of the state's lethal injection procedures, sparking renewed debate over execution methods.

NDTV·

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World

Bengaluru Non-Profit Digitises Gandhi Archives for Free Access

A Bengaluru-based non-profit, Servants of Knowledge (SoK), founded in 2018 by Carl Malamud and Omshivaprakash H L, digitises books, gazettes, and photographs to make Gandhi-related knowledge freely accessible. Hosting 1.75 lakh items on the Internet Archive, SoK's JaiGyan collection includes over 20,000 Gandhi-related search results, featuring early editions of 'Indian Opinion' and materials from Gandhi Bhavan Bengaluru, promoting public access to Gandhi studies.

Deccan Herald··Bengaluru

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World

Surya Gochar on Navratri 2026: 5 Zodiac Signs Face Challenges

On October 17, 2026, during Sharadiya Navratri, the Sun will transit from Virgo to its debilitated sign Libra according to Vedic astrology. This planetary movement is expected to bring economic and mental challenges for five specific zodiac signs, who are advised to be cautious during this period.

Aaj Tak·

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Business

Accenture to Slow Hiring in FY27 as AI Increases Revenue Per Employee

Accenture CEO Julie Sweet announced during the Q4 fiscal 2026 earnings call that the company plans to hire in all markets next year. However, the hiring pace will be slower than in fiscal 2026, as AI technologies boost revenue per employee, reducing the need for rapid workforce expansion.

NDTV Business·

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