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BusinessPhoto: ET MarketsMajor US banks are experiencing their longest weekly losing streak since the 2008 financial crisis, with the KBW Bank Index down about 13% since August. Mixed quarterly earnings, rising inflation, and concerns about AI disrupting financial services are driving the decline. Analysts warn that high interest rates may slow economic growth, adding to sector challenges.
ET Markets·
PoliticsPhoto: DNA IndiaThe Jammu and Kashmir government has ordered a 15-day inquiry into allegations of misconduct by IAS officer Kumar Rajeev Ranjan against JKAS officer Beenish Wani. IAS officer Mandeep Kaur has been appointed as the Inquiry Officer, and Amit Vermani as the Presenting Officer. The inquiry will examine the allegations and submit a report within 15 days.
DNA India·
PoliticsPhoto: Times of IndiaThe Allahabad High Court reprimanded the Uttar Pradesh Police for unlawfully detaining a man before his formal arrest. The court observed that the police seem to be acting as a "law unto themselves," highlighting concerns over police conduct and legal procedures in the state.
Times of India··Allahabad
WorldPhoto: HT HealthSharad Navratri Day 7 in 2026 falls on October 17 and is dedicated to worshipping Maa Kalaratri, a fierce form of Goddess Durga symbolizing the removal of fear and strength to face difficult truths. Vedic astrologer Poonam Dutta explains that this day encourages reflection on life changes, endings, and letting go of old identities tied to work, relationships, and social roles.
HT Health·
HealthPhoto: Deccan HeraldFour children's books focus on food-related themes such as sharing, sustainability, and hunger. 'Think, Eat, Save' by Sandhya Rao discusses food wastage and encourages reducing waste. 'The Good Garden' by Katie Smith Milway tells of sustainable farming in Honduras. 'Thukpa for All' by Praba Ram and Sheela Preuitt is set in Ladakh, highlighting cultural food traditions. These books educate children on food security and environmental impact.
Deccan Herald·
BusinessPhoto: Mint MarketsForeign holdings of US Treasuries increased by over $83 billion in August from July, reaching $9.33 trillion. This rise was driven by Canada and Belgium, while Japan's holdings fell by $36 billion to $1.1 trillion, the lowest since December 2024, amid currency market interventions. Mainland China’s holdings also dropped by $27 billion to an 18-year low of $591 billion, according to Treasury Department data.
Mint Markets·
ET Markets·
Photo: ET MarketsMajor US banks are experiencing their longest weekly losing streak since the 2008 financial crisis, with the KBW Bank Index down about 13% since August. Mixed quarterly earnings, rising inflation, and concerns about AI disrupting financial services are driving the decline. Analysts warn that high interest rates may slow economic growth, adding to sector challenges.
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