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Get the appGetState Bank of India reported a 14% increase in net profit for Q2, reaching Rs 23,038 crore. The growth was supported by an exceptional gain and better-than-expected net interest income (NII). SBI also aims to maintain a net interest margin (NIM) above 3%, driven by strong loan growth during the quarter.
Moneycontrol.com·
PoliticsPhoto: Amar UjalaThe central government is preparing to use Voter ID cards (EPIC) instead of Aadhaar for beneficiary identification under a new Panchayat Raj scheme. Union Panchayati Raj Minister Rajiv Ranjan Singh announced that biometric verification along with the Voter ID number will be the primary method for identification and payments. This change was revealed during a media interaction in Gangtok at a Sikkim Cooperative Milk Producers Union event.
Amar Ujala··Gangtok
PoliticsPhoto: News18 WorldIranian authorities released an eight-minute video advising citizens on how to survive a nuclear explosion amid rising tensions with the US. The guide recommends seeking basements, avoiding windows, turning off air conditioners that draw outside air, and staying indoors for at least 24 hours. It also advises consuming packaged food and bottled water and warns of radioactive particles traveling far from the blast site.
News18 World·
BusinessPhoto: Amar BusinessOn Tuesday, the Indian stock market closed higher for the fourth consecutive day, with the Sensex rising 1,225 points to 76,917. This surge was driven by easing crude oil prices and the return of Foreign Institutional Investors (FII). The ongoing US midterm elections and their outcomes are being closely watched for their impact on Indian markets.
Amar Business·
BusinessPhoto: Mercom IndiaBW ESS has acquired two standalone battery energy storage projects totaling 200 MW/800 MWh in France from Recurrent Energy, a Canadian Solar subsidiary. This marks BW ESS's entry into the French energy market. The portfolio includes the 100 MW/400 MWh Baixas project in Pyrénées-Orientales and the 100 MW/400 MWh Coquainvilliers project in Calvados. Recurrent Energy will manage the projects through development, after which BW ESS will handle construction and operation.
Mercom India·
PoliticsPhoto: NDTVBJP vice president Ram Madhav said National Conference MP Aga Ruhullah held a rally with the blessings of "our people," amid visible divisions within the ruling party in Jammu and Kashmir. Ruhullah resigned from the National Conference and his Lok Sabha seat during a rally in Budgam on the 26th death anniversary of his father, Aga Syed Mehdi. Madhav distanced BJP from NC's internal issues, calling statements by BJP MLAs separate from party positions.
NDTV··Budgam
Moneycontrol.com·
State Bank of India reported a 14% increase in net profit for Q2, reaching Rs 23,038 crore. The growth was supported by an exceptional gain and better-than-expected net interest income (NII). SBI also aims to maintain a net interest margin (NIM) above 3%, driven by strong loan growth during the quarter.
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