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BusinessIndian banks are entering the Q2 earnings season with strong loan growth supported by FCNR(B) deposit inflows. Despite this credit boom, margins are expected to remain under pressure. Analysts predict healthy earnings growth driven by lower credit costs and stable asset quality, favoring large private banks like HDFC Bank, ICICI Bank, and Kotak Mahindra Bank.
Economic Times·
PoliticsHassan Deputy Commissioner K S Lathakumari stated that the ban on immersing Ganesha idols in Devigere pond was not sudden but aimed at conserving water bodies, protecting the environment, and ensuring public safety. She highlighted the religious significance of Devigere linked to the Hasanamba temple and questioned why permission was granted for immersion on October 3 despite prohibitory orders, urging legal action against organizers.
Deccan Herald··Hassan
WorldA 24-year-old Sri Lankan migrant worker, Anojan Sivarasa, faces the death penalty in Saudi Arabia for a Facebook comment deemed blasphemous against Prophet Muhammad. The controversy arose after a Hindu pilgrimage video showed a Muslim man kicking a dog, leading to online insults exchanged between users. Despite an apology and comment deletion, a screenshot led to his arrest. Diplomatic efforts are ongoing to save him.
HT World·
PoliticsThe Election Commission of India stated that no political party formally requested a meeting despite protests. Opposition leaders, including Rahul Gandhi, tried to march to the Commission to submit a memorandum. The Commission stressed that parties must follow proper procedures for meetings. After an unusual request from 240 MPs to meet at Parliament House Annexe, the Commission proposed an alternative arrangement.
Times of India·
PoliticsThe Union Cabinet approved the creation of the Integrated Transport & Logistics Authority (ITLA) as the apex body to oversee transport and logistics projects across roads, railways, ports, shipping, civil aviation, inland waterways, coastal shipping, urban mobility, and logistics. ITLA will prepare a National Transport Master Plan with a 10-year horizon and appraise infrastructure projects costing ₹500 crore or more, ensuring multi-modal capacity expansion.
The Hindu··New Delhi
PoliticsLithuanian Prime Minister Mindaugas Sinkevicius has expressed readiness to finance a permanent US military base in Lithuania. Since 2019, Lithuania has hosted a rotating US battalion and now seeks a long-term presence. Meanwhile, Lithuania's parliament is debating lifting constitutional bans on nuclear weapons, a move criticized by Russia amid rising regional tensions.
TOI World·
Economic Times·
Indian banks are entering the Q2 earnings season with strong loan growth supported by FCNR(B) deposit inflows. Despite this credit boom, margins are expected to remain under pressure. Analysts predict healthy earnings growth driven by lower credit costs and stable asset quality, favoring large private banks like HDFC Bank, ICICI Bank, and Kotak Mahindra Bank.
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