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BusinessPhoto: ET Markets

US Banks Report Strong Q3 Profits Amid Inflation Risks

Major US banks posted higher third-quarter profits driven by resilient consumer spending, AI investments, and stronger trading revenue. Despite gains, executives cautioned that ongoing inflation, high interest rates, and geopolitical risks may pressure household finances and slow economic growth. JPMorgan Chase missed earnings estimates, while Goldman Sachs, Citigroup, and Wells Fargo reported stronger results.

ET Markets·

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PoliticsPhoto: DNA India

L Murugan Requests Resignation from Modi Cabinet to Focus on Tamil Nadu BJP

Union Minister of State L Murugan has requested Prime Minister Narendra Modi to relieve him from his ministerial duties and allow him to resign from the Rajya Sabha. Murugan aims to return to grassroots politics in Tamil Nadu, working closely with BJP workers to strengthen the party organization and prepare for the 2029 Lok Sabha elections. He expressed a desire to personally connect with people across the state.

DNA India·

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PoliticsPhoto: HT World

Katie Zacharia’s First White House Briefing Includes Awkward Slip

Katie Zacharia’s first White House press briefing on October 13 ended awkwardly after she mistakenly called her husband "my president." She answered questions from only three reporters and struggled on US intelligence sharing with Ukraine. Zacharia praised President Trump and promoted Republican rallies ahead of the November midterms. She also announced Kimberly Guilfoyle was asked to resign as US ambassador to Greece.

HT World·

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WorldPhoto: The Hindu

Southern Railway Announces Festival Special Trains from Kerala

Southern Railway has announced special festival trains from Kerala ahead of Navarathri to manage extra passenger rush. Train 06105 will run from Thiruvananthapuram North to Santragachi on October 15, returning as 06106 on October 18. Train 06575 will run from Bengaluru Cantonment to Thiruvananthapuram North on October 16, returning as 06576 on October 17. These services aim to ease travel during the festival season.

The Hindu··Thiruvananthapuram

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BusinessPhoto: Mint Companies

Noel Tata and Neville file caveat against SDTT trustees in Tata Trusts dispute

Noel Tata and his brother Neville have filed a caveat against the trustees of the Sir Dorabji Tata Trust (SDTT) amid an ongoing dispute over the governance and functioning of Tata Trusts. Additionally, other Tata Trusts entities have filed 84 caveats before the Maharashtra Charity Commissioner under relevant sections of the Maharashtra Public Trusts Act.

Mint Companies·

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BusinessPhoto: Mint

Sebi Proposes Stricter IPO Fund Monitoring and Penalties

The Securities and Exchange Board of India (Sebi) has proposed stricter regulations for monitoring the use of funds raised by listed companies through IPOs. The new framework includes direct reporting by monitoring agencies to stock exchanges and penalties for companies that do not cooperate. These recommendations come from a Sebi working group reviewing the Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, aiming to improve transparency and accountability in fund utilization.

Mint·

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