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BusinessThe Reserve Bank of India has approved Anup Kumar Saha as the new Managing Director and CEO of Kotak Mahindra Bank, effective January 1, 2027, for a three-year term. He will succeed Ashok Vaswani, who began his two-year term on January 1, 2024, and will continue until December 31, 2026. Kotak Mahindra Bank shares rose ahead of the announcement, reflecting market optimism.
Mint Markets·
BusinessWipro has introduced a new bench policy effective October 1, allowing junior and mid-level employees (Band 2 and below) up to 180 calendar days to find new billable projects. This contrasts with peers like TCS and Cognizant, which limit bench time to about 35 days. Employees not redeployed within 180 days may face separation, reflecting Wipro's unique approach to talent management in India's IT sector.
Mint Companies·
PoliticsTaiwan received the first two of 66 F-16V Block 70 fighter jets ordered from the US in 2019 after months of delays. The jets arrived at Taitung's Chihhang Air Base following flights via Hawaii and Guam. This delivery strengthens Taiwan's air defense amid increasing Chinese military pressure. President Lai Ching-te thanked the US for its support, reaffirming the importance of the partnership.
Firstpost World··Taitung
BusinessThe Reserve Bank of India's expected benchmark interest rate hikes and increased foreign currency non-resident deposits are set to improve liquidity in Mumbai's banking sector. Private banks anticipate higher profits due to wider margins and lower operational costs, signaling strong earnings growth ahead.
Economic Times··Mumbai
WorldThree 14-year-old boys went missing after being swept away by strong waves while playing in the sea at Rushikonda beach near the IT SEZ junction in Visakhapatnam on October 2, 2026. They were part of a student group from Madhurawada on holiday. Local residents, swimmers, and police launched a search but have not found them yet.
The Hindu··Visakhapatnam
EntertainmentDuring his Madhurandhagam roadshow, Tamil Nadu Chief Minister Vijay proudly held up a framed photo of his son Jason Sanjay from the film Sigma, which released the same day. Vijay could not attend the first-day screening, but his family, including wife Sangeetha and sister Divya, supported Jason at Kamala Cinemas in Chennai. Vijay launched a free bus travel program for women before the roadshow.
HT Entertainment··Chennai
Mint Markets·
The Reserve Bank of India has approved Anup Kumar Saha as the new Managing Director and CEO of Kotak Mahindra Bank, effective January 1, 2027, for a three-year term. He will succeed Ashok Vaswani, who began his two-year term on January 1, 2024, and will continue until December 31, 2026. Kotak Mahindra Bank shares rose ahead of the announcement, reflecting market optimism.
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