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BusinessPhoto: Business Standard

Persistent Systems Q2 Profit Falls 25.4% to ₹351 Crore; Revenue Rises 30.3%

Persistent Systems reported a 25.4% drop in quarterly profit to ₹351 crore compared to last year, while revenue increased 30.3% to ₹4,664 crore. In dollar terms, revenue rose 20%, and nearly 21% in constant currency. CEO Sandeep Kalra highlighted growth in AI capabilities. Q2 order bookings reached $633.5 million TCV and $481 million ACV. Margins declined to 15% from 16.3%.

Business Standard·

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SportsPhoto: Deccan Herald

Tim Southee praises Bhuvneshwar Kumar's India recall as deserved

Former New Zealand fast bowler Tim Southee praised Bhuvneshwar Kumar's recall to the Indian cricket team after four years as "brilliant and deserving." Bhuvneshwar, nearing 37, impressed with his skillful swing bowling and fitness, taking 45 wickets in the last two IPL seasons for Royal Challengers Bengaluru. He last played a T20I in New Zealand in 2022.

Deccan Herald··Bengaluru

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PoliticsPhoto: The Hindu

Kerala HC Queries AI Cameras' Ability to Track Overspeeding Vehicles

The Kerala High Court has asked the State government and Transport department whether AI-enabled cameras on roads can track vehicles exceeding speed limits. The court referred to a luxury car accident on Kochi airport road and inquired about systems to intercept vehicles traveling at 100-200 kmph. It also sought details on follow-up actions and the timeline for a centralized monitoring system.

The Hindu··Kochi

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PoliticsPhoto: Firstpost World

Houthi missile hits Yemen's Aden presidential palace, Saudi blames Iran

A Houthi missile struck the presidential palace in Aden, Yemen's interim capital, killing at least four and wounding 10. The attack marks a significant escalation in Yemen's civil war, with Saudi Arabia blaming Iran for supporting the Houthis. The Iran-backed group has recently seized territory along Yemen's Red Sea coast, despite a Saudi-backed government counteroffensive. The prime minister and cabinet are reported safe.

Firstpost World··Aden

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BusinessPhoto: NDTV Business

Nifty and Sensex Rise on Oct 16; US Markets Mixed

On October 16, Indian equity indices Nifty 50 and Sensex closed higher, led by gains in Private Bank, IT, and Auto sectors amid weekly Sensex contract expiry. Sensex rose 2.11% to 74,315.61, and Nifty 50 gained 1.66% to 22,997.35. In the US, Dow Jones advanced 0.58%, while S&P 500 and Nasdaq declined due to concerns over AI spending and inflation.

NDTV Business·

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PoliticsPhoto: Deccan Herald

Mahayuti to Win All 5 Maharashtra MLC Seats, Says Eknath Shinde

Maharashtra Deputy Chief Minister Eknath Shinde stated that the Mahayuti alliance is expected to win all five seats in the upcoming Legislative Council elections. The polls for Pune Graduates, Nagpur Graduates, Chhatrapati Sambhajinagar Graduates, Pune Teachers, and Amravati Teachers constituencies will be held on October 23, with counting on October 27. Shinde also criticized the Opposition for their stance on drought relief and farmer assistance.

Deccan Herald··Pune

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