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BusinessPhoto: Business StandardPunjab & Sind Bank reported a 40% increase in net profit to ₹412 crore for Q2 ended September 30, driven by higher core income and reduced bad assets. Total income rose to ₹3,747 crore from ₹3,373 crore year-on-year. Net interest income grew 22% to ₹1,162 crore. Gross NPAs improved to 2.09% from 2.92%, and cost-to-income ratio dropped to 29.19%.
Business Standard·
SciencePhoto: Deccan HeraldSince October 1, Karnataka's 13 major dams have been losing an average of 3.38 tmcft of water daily. Currently, they hold 533.84 tmcft, with only 274 tmcft in live storage, which is water readily available for drinking and agriculture. The Krishna basin has 241 tmcft live water, and the Cauvery basin has 32.29 tmcft. Five reservoirs receive no inflow but continue releasing water to meet ecological and drinking needs.
Deccan Herald··Hubballi
PoliticsPhoto: Deccan HeraldThe internal power struggle in Karnataka Congress has intensified over inducting a woman minister into the Cabinet. CM D K Shivakumar supports Laxmi Hebbalkar, while former CM Siddaramaiah and senior leaders back Sandur MLA E Annapurna Tukaram, a Scheduled Tribe leader. Two ministerial posts remain vacant after B Nagendra's resignation. The Congress high command aims to fill these before the Winter Session, with at least one woman minister.
Deccan Herald··Bengaluru
PoliticsPhoto: Hindu WorldThe Saudi envoy met with the Pakistan Army chief at General Headquarters in Rawalpindi. Both sides expressed satisfaction with progress under the Makkah Joint Defence Agreement and emphasized the importance of enhancing defence collaboration, institutional linkages, and strategic coordination, according to an army statement.
Hindu World··Rawalpindi
PoliticsPhoto: Amar UjalaUS Secretary of State Mark Rubio arrives in Mumbai on Tuesday for a three-day official visit amid recent diplomatic momentum in Central Asia. He will hold bilateral talks with Indian External Affairs Minister S. Jaishankar, focusing on finalizing the long-awaited India-US trade agreement. Rubio will also visit Jamnagar, Gujarat, a key energy hub, to discuss strategic partnership, regional stability, and energy security.
Amar Ujala··Mumbai
BusinessPhoto: Mint MarketsUS Treasuries fell as technology shares rebounded, reducing demand for safe-haven government debt. Yields across maturities rose by six to eight basis points, with the 10-year yield reaching 5.14%. Traders anticipate Federal Reserve interest-rate hikes next year, including a likely quarter-point increase in December. The Nasdaq 100 gained 1.2% amid renewed AI trade optimism, while higher oil prices also pressured Treasuries.
Mint Markets·
Business Standard·
Photo: Business StandardPunjab & Sind Bank reported a 40% increase in net profit to ₹412 crore for Q2 ended September 30, driven by higher core income and reduced bad assets. Total income rose to ₹3,747 crore from ₹3,373 crore year-on-year. Net interest income grew 22% to ₹1,162 crore. Gross NPAs improved to 2.09% from 2.92%, and cost-to-income ratio dropped to 29.19%.
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