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BusinessPhoto: TOI Business

Private Banks’ Profits Rise Despite Margin Pressure on Top Lenders

Private sector banks reported higher profits in the September quarter despite margin pressure on the top three lenders—HDFC Bank, ICICI Bank, and Axis Bank. FCNR(B) deposits boosted deposit growth to a decade high, but deposit costs rose due to higher rates for NRIs. Axis Bank’s NIM fell 37 basis points to 3.36%, ICICI’s by 12 points to 4.18%, and HDFC’s by 11 points to 3.16%. Profits rose significantly for all, with YES Bank’s net profit up 65% to Rs 1,080 crore.

TOI Business··Mumbai

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WorldPhoto: Times of India

Crowd breaches barricades, tussles with cops before Kolkata stampede

A tragic stampede occurred at Chorbagan Durga Puja pandal in Kolkata on Saturday evening after heavy rain caused a crowd surge as people rushed inside for shelter. Eyewitnesses reported chaotic scenes with poor crowd management and darkness. Investigations are ongoing, and several organisers have been detained for questioning.

Times of India··Kolkata

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PoliticsPhoto: News18 World

Violent Protests in Milan Over Rising Costs and Wars; 50 Detained

A protest in Milan against rising living costs and wars turned violent on Saturday. Rioters clashed with police, looted stores, and set fires in the city center. Police used water cannons and tear gas to disperse crowds, evacuating Piazza del Duomo and a luxury shopping arcade. Around 50 people, including minors, were detained, and two officers were injured. Similar unrest occurred across Europe.

News18 World··Milan

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PoliticsPhoto: Aaj Tak

BJP Minister Comments on 19 Deaths in Kolkata Durga Puja Stampede

West Bengal Cabinet Minister Dilip Ghosh called the stampede at Kolkata's Chorbagan Durga Puja pandal unfortunate. He acknowledged that such incidents sometimes happen at large events and emphasized the need for organizers to exercise greater caution to prevent such tragedies.

Aaj Tak··Kolkata

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BusinessPhoto: Amar Business

HDFC Bank Deputy MD Resigns; Tata Trusts to Build 50 Non-Profit Hospitals

HDFC Bank's Deputy Managing Director, Kajad Bharucha, resigned effective December 31, after serving since 1995. The bank's board accepted his resignation, pending RBI approval. Tata Trusts plans to establish 40-50 non-profit general hospitals across India to provide affordable quality healthcare. Chairman Noel Tata shared this in the 2025-26 annual report, highlighting a model where paying patients subsidize care for those who cannot afford it. The report did not specify investment, locations, or timelines. A new five-year health strategy for 2026-31 was also introduced.

Amar Business·

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PoliticsPhoto: NDTV

Trump Mocks Violent Protests Sweeping France

US President Donald Trump mocked the violent unrest in France, calling it a natural destination for revolutions amid protests over rising living costs. Clashes between police and protesters led to looting and fires. Trump joked about joining the revolution in France, which faces major protests six months before elections to replace President Emmanuel Macron. US Vice President JD Vance blamed immigration for the unrest.

NDTV·

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