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BusinessPhoto: ET Energy

Tamil Nadu Signs High-Rate Power Deals to Avoid Blackouts Until 2026

The Tamil Nadu Power Distribution Corporation has finalized emergency power purchase agreements at significantly higher rates to prevent widespread blackouts until October 31, 2026. This move highlights challenges in India's electricity market caused by growing renewable energy, which creates daytime surpluses and evening shortages. Tamil Nadu paid up to ₹37 per unit during peak evening hours, exposing the market's struggle to balance supply and demand effectively.

ET Energy··Chennai

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SportsPhoto: Amar Sports

India Men's Hockey Team Dominates Bangladesh in Asian Champions Trophy

The Indian men's hockey team started strongly in the Asian Champions Trophy, defeating Bangladesh decisively. Goals came from Shilanand Lakra (15th minute), Abhishek (18th), Neelkanth Sharma (26th), Jugraj Singh (46th), and a hat-trick by Mandeep. The match at Surjit Singh Hockey Stadium saw India control play from the start, with captain Harmanpreet scoring early and assisting multiple goals. A stray dog briefly delayed the game before India continued their attack.

Amar Sports·

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PoliticsPhoto: Amar Ujala

Kerala Congress Apologizes for Controversial Post on CJI Suryakant

The Kerala Pradesh Congress Committee (KPCC) issued an unconditional apology after a controversial social media post from its official X account demanded the resignation of India's Chief Justice Suryakant. KPCC President Sunny Joseph clarified the post was made without party leadership approval. The responsible official, Vijay Thottathil, was removed from his position and asked to apologize publicly. The party distanced itself from the statement and retracted the post.

Amar Ujala·

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PoliticsPhoto: News18 World

Israel's 2026 Election: Netanyahu Faces Tight Race Amid Rising Arab Vote

Israel's 2026 election is a critical test for Prime Minister Benjamin Netanyahu, with record voter turnout following the October 7, 2023 Hamas attack. Opposition led by former military chief Gadi Eisenkot challenges Netanyahu's long rule. Increased Arab voter participation may influence coalition outcomes, impacting Israel's political future, regional security, and the far-right's role.

News18 World·

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BusinessPhoto: Mint

GST Rules on Post-Sale Discounts and Export Refunds Change from November 1

From November 1, India will implement changes to GST rules affecting post-sale discounts, export refunds, and tax procedures. The Finance Ministry notified that Sections 153 to 155 of the Finance Act, 2026, will amend Sections 15, 34, and 54 of the CGST Act, 2017. Businesses can exclude eligible post-supply discounts from taxable value via GST credit notes if recipients reverse the input tax credit. This removes the prior need for discount agreements at supply time, benefiting sectors like FMCG, pharmaceuticals, retail, and consumer durables.

Mint·

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BusinessPhoto: Mint Companies

Akshit Choudhary Appointed CFO of Indian Overseas Bank

Akshit Choudhary, a chartered accountant with over 15 years of experience in banking, financial services, auditing, treasury, and business operations, has been named the new CFO of Indian Overseas Bank. He will assume the role from Madhaw Chandra Jha starting November 1, 2026.

Mint Companies·

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