Kotak Mahindra Bank has appointed Anup Kumar Saha as its new Managing Director and Chief Executive Officer for a three-year term beginning January 1, 2027. Saha, currently an Executive Director at the lender, brings more than 32 years of experience in financial services and has already held multiple responsibilities within the bank since joining in January 2026.
Kudumbashree has sharpened its Poshan Maah observance around nutrition awareness, using community food festivals to promote millet, tuber and leafy dishes across wards and panchayats. The month-long effort reflects a broader policy push to link local food systems with public health, women’s collectives and household-level dietary change.
Brokerage forecasts for FY27 point to a widening split across India’s consumer and coatings sectors, with sales growth expected to outpace profit expansion at companies such as Britannia and Hindustan Unilever as raw material costs climb. By contrast, Marico, Nestlé and Titan are seen delivering comparatively stronger earnings momentum, underscoring a selective recovery rather than a broad-based margin rebound.
Kotak Institutional Equities has pushed back against a familiar market narrative: that a stock becomes attractive simply because it has fallen. In a fresh analytical note, the brokerage argues that share prices are ultimately governed by earnings expectations and valuation multiples, not by fears over foreign portfolio outflows, IPO supply, or broader liquidity conditions.
India has deferred the rollout of proposed transaction charges on UPI merchant payments until after Diwali, giving businesses more time to prepare for a policy shift that could reshape digital payments economics. But the delay has not resolved the central uncertainty: payment companies and merchants still do not know when the charges will begin or how they will be implemented.
Andhra University has invited applications for its self-support law programmes, signalling continued demand for professionally oriented legal education in India’s higher-education market. The move comes as universities increasingly expand fee-based, non-aided courses to meet student interest and institutional funding needs.
Citigroup reported a 40% year-on-year rise in third-quarter profit, powered by stronger investment banking, services and wealth revenue even as trading and credit card earnings softened. The results underscore progress in CEO Jane Fraser’s restructuring plan, though the bank still faces uneven performance across its businesses and a more volatile market backdrop.
Triveni Power Transmission Ltd has listed 10.48 crore equity shares on the BSE and NSE after its demerger from Triveni Engineering & Industries, marking a formal market debut for the standalone business. The listing gives shareholders one TPTL share for every three shares held in the parent company and is intended to create a more focused platform for high-speed gearboxes and power transmission equipment.
KM Birla said the most pressing challenges for business leaders today are disciplined capital allocation and an increasingly uncertain geopolitical environment. He added that the group has continued to invest in both existing and new businesses despite global volatility, underscoring a long-term approach to growth.
The finance ministry will meet heads of banks on Tuesday to assess the pace and effectiveness of India’s financial inclusion drive, with a sharp focus on flagship schemes that have expanded access to savings, credit, insurance and entrepreneurship support. The review comes as policymakers seek to deepen usage of these products, not merely widen account ownership, and to ensure that benefits are reaching households and small businesses at scale.
Anup Kumar Saha is poised to take over as chief executive of Kotak Mahindra Bank in January 2027, marking a carefully watched leadership transition at one of India’s most prominent private lenders. Known for concise meetings, direct communication and a numbers-first approach, Saha will inherit the task of accelerating loan growth while broadening the bank’s deposit franchise.
Asset reconstruction companies have pressed the government for sharper procedural reforms to speed up debt recovery through Debt Recovery Tribunals, arguing that delays are weakening enforcement under India’s stressed-asset framework. Their proposals include automatic expiry of interim stays after two months, stronger creditor notifications, timely filling of tribunal vacancies, and wider electronic litigation services.
Government sources have clarified that a proposed 0.4% merchant fee on certain UPI transactions above Rs 2,000 will not be charged to consumers, easing concerns over a possible hit to digital payments adoption. The National Payments Corporation of India said only a small portion of UPI transactions may be affected, while the Indian Banks' Association is expected to address market misunderstandings soon.
Goa is moving to expand the market reach of its farm producers through Goa Fresh, a state-backed initiative aimed at improving access to buyers and strengthening local agricultural supply chains. The effort carries added urgency after Covid-19-era disruptions exposed the state’s heavy reliance on neighbouring states for daily food supplies.
Bengaluru startup Kubo Care is deploying mmWave radar to monitor seniors at home and detect falls in under a second, without recording video or audio. The approach targets a growing elder-care gap in India, where families are seeking passive, privacy-preserving safety tools that work continuously in the background.
A proposed 0.4% merchant discount rate on large-ticket UPI transactions could generate as much as Rs 15,000 crore in the first year, according to NPCI chief Dilip Asbe, reviving debate over how India should fund its fast-growing digital payments infrastructure. The proposal comes as policymakers weigh the trade-off between preserving UPI’s zero-cost consumer appeal and ensuring the system remains commercially sustainable for banks, payment networks and merchants.
The Reserve Bank of India is actively assessing Anup Bagchi as a potential chief executive for HDFC Bank and has sought feedback from both the insurance regulator and ICICI Bank, where he spent much of his career. The central bank is examining whether Bagchi’s three-year absence from mainstream banking should affect his eligibility for one of India’s most sensitive private-sector appointments.
India’s policy conversation on addiction is increasingly shifting from punishment to rehabilitation, with a stronger emphasis on treatment, reintegration, and economic independence. The emerging framework reflects a broader governance challenge: helping people overcome substance dependence while building durable pathways back into work, dignity, and social stability.
The Patna High Court has acquitted 13 men convicted in the 1996 Jehanabad quadruple murder case, ruling that the prosecution failed to sustain the convictions amid serious defects in the police investigation. A Division Bench of Justice Rajeev Ranjan Prasad and Justice Kumar Manish said the evidentiary record was too compromised to uphold the trial court verdict.
An IIT Bombay report has cautioned that the proposed merchant discount rate framework for UPI could damage public confidence if implemented in its current form. The study argues that policymakers must balance payment-system sustainability with the need to preserve UPI’s reputation as a low-friction, widely trusted digital rail.
Non-banking finance companies accounted for nearly half of all new-to-credit loans below Rs 2 lakh as of June 2026, underscoring their expanding role in India’s retail credit market. Despite rapid growth in borrower acquisition, their retail delinquency rate remained below the broader industry average, suggesting improved underwriting and healthier asset quality.
Cage-free eggs account for only a tiny fraction of India’s egg market, underscoring how far the country remains from scaling a premium poultry segment that global and domestic companies increasingly want to source. Higher production costs, limited farm conversion and a shortage of reliable certified suppliers are slowing expansion even as corporate procurement commitments gather pace.
Electric two-wheeler maker e-Sprinto has moved into the direct-to-consumer market with the launch of its G1 family electric scooter, marking a strategic shift beyond its earlier business focus. The company is aiming to sell 5,000 units by March, betting on urban demand for affordable, practical electric mobility as competition intensifies in India’s EV scooter segment.
Muslims were flagged at rates above their share of Delhi’s draft electoral roll during the Election Commission’s Special Intensive Revision, according to data tied to the ERONET software. The pattern is sharper in categories linked to “logical discrepancies” and family-size indicators, raising questions about how automated checks are being applied in voter list scrutiny.
Indian lenders have asked the Reserve Bank of India for detailed guidance on how to implement its new currency-supporting measures, with particular concern over the calculation of foreign exchange risk reserves, treatment of cash reserves, and the effect on liquidity ratios. Banks are also seeking clarity on whether the costs of the measures can be passed on to customers and how exposure limits will be assessed under the revised framework.
In Bali, the Kecak performance tradition is giving the Ramayana a strikingly modern stage language by turning dozens of human voices into a living orchestra. Led by veteran scholar and choreographer I Wayan Dibia, the form blends ritual, movement and collective chant to retell one of Asia’s most enduring epics with renewed force.
Indian banks are expected to report 11 percent year-on-year earnings growth in the second quarter of FY27, with private sector lenders likely to outpace state-run peers, according to Kotak. The brokerage said strong deposit inflows, including foreign currency non-resident deposits, should support balance-sheet growth but may temporarily compress net interest margins. Asset quality, meanwhile, is expected to remain broadly stable with no material signs of deterioration.
India’s latest anti-addiction narrative is increasingly framed not only as a public health intervention, but as a governance and economic resilience issue. The emphasis is shifting from short-term detoxification to long-term rehabilitation, social reintegration, and self-reliance, reflecting a broader policy recognition that recovery must be sustained by livelihoods, community support, and institutional continuity.
Telangana Deputy Chief Minister Mallu Bhatti Vikramarka has said Singareni Collieries Company Ltd. will need access to new coal blocks if it is to sustain production over the medium term. The government is also examining whether coal prices should be rationalised in line with market conditions, signalling a broader review of the sector’s commercial framework.
Abhishek delivered a blistering T20I assault that forced the Men in Maroon into immediate damage-limitation mode, reaching his 14th half-century in the format off just 18 deliveries. The innings underlined both his explosive ceiling and the growing tactical problem he poses for opposition attacks when he gets ahead of the game early.
Anup Bagchi, a long-serving ICICI Group executive with deep experience across retail and wholesale banking, is set to join HDFC Bank as managing director after receiving regulatory approval from the Reserve Bank of India. His appointment marks a significant leadership transition at India’s largest private-sector lender, bringing in an operator known for institutional memory, execution discipline and an understated management style.
Central Bank of India reported robust second-quarter business growth, with advances rising 30% year-on-year to Rs 2.93 lakh crore as of September 30, 2025. Deposits increased 14% to Rs 5.08 lakh crore, lifting total business 21% to Rs 8.89 lakh crore and underscoring steady momentum in the state-owned lender’s balance-sheet expansion.
Bitcoin traded near $83,000 in early Asian hours as investors remained cautious amid rising U.S. bond yields, a firmer dollar and continued exchange-traded fund outflows. Market participants are now focused on Wednesday’s U.S. consumer inflation report, which could determine whether the cryptocurrency can reclaim the $84,000 resistance zone or slip back toward support near $81,000.
RJ and DJ Rohit Barker has opened Bahati, a new Bengaluru venue built around house and Latin music, in a city where nightlife is increasingly defined by niche curation rather than broad crowd-pleasing playlists. The club arrives as Bengaluru’s after-dark economy continues to mature, with audiences showing a sharper appetite for identity-driven spaces, live energy and music-led experiences.
The Reserve Bank of India has approved Anup Kumar Saha’s appointment as managing director and chief executive officer of Kotak Mahindra Bank for a three-year term beginning January 1, 2027. He will succeed Ashok Vaswani, with the Kotak board now expected to formalize the appointment and seek shareholder approval.
Union Women and Child Development Minister Annapurna Devi visited the National Commission for Protection of Child Rights and reviewed its functioning, underscoring the government’s push for administrative discipline and faster decision-making. She directed the commission to ensure the time-bound disposal of all pending files by December 31, 2026, signalling a sharper focus on institutional efficiency in child-rights governance.
Vihaan’s century has kept Punjab firmly in contention in their Ranji Trophy 2026-27 contest against Assam, even as the visitors head into the fourth morning with renewed belief. With the second new ball only two overs old, Assam will look to exploit any early movement and break the stubborn sixth-wicket stand between Salil and Emanjot.
DealShare chief executive Kamaldeep Singh has stepped down at a sensitive moment for the ecommerce unicorn, as the company navigates acquisition discussions and mounting pressure over its future. The exit underscores the strain on late-stage startups facing a tighter funding environment, valuation resets and the prospect of a distressed sale.
The average loan size for passenger vehicles in India has risen 49% over the past seven years to ₹8.2 lakh, underscoring the steady premiumisation of the auto market and the rising cost of vehicle ownership, according to TransUnion CIBIL. The data also show that non-banking financial companies continue to dominate vehicle financing, accounting for 73% of two-wheeler loans and 37% of passenger vehicle loans.
HDFC Capital Advisors and Shalimar Corp have formed a Rs 750 crore development platform to accelerate residential and mixed-use real estate projects in Uttar Pradesh, with an initial focus on Lucknow and Varanasi. The venture is expected to support more than 5 million sq ft of development potential and roughly 3,000 homes, underscoring continued institutional interest in tier-2 housing markets.
Tyeb Mehta’s 2002 acrylic on canvas, 'Rickshaw Puller,' has sold for ₹69.1 crore, underscoring the enduring market power of one of India’s most celebrated modernists. The result places renewed attention on Mehta’s late-period work, in which the rickshaw puller became a recurring figure and a potent symbol of labour, urban strain and human endurance.
The mini-series 'Below' is more than a genre exercise: by anchoring its monster story in a specific place, it transforms spectacle into a sharp meditation on exploitation, displacement and the violence of being made invisible. The result is a tightly wound, atmospheric thriller whose creature is as memorable as the social unease it embodies.
S&P Global expects India’s financial sector lending to expand by 12% to 14% this fiscal year, supported by resilient economic activity, steady public investment and improving private capital spending. However, the ratings agency warned that a weak monsoon could pressure rural incomes and slow credit demand in agriculture-linked and rural lending segments.
India spinner Suthar has underlined that the ability to adjust to varying balls and playing conditions is becoming a decisive skill in modern cricket. His remarks reflect a broader reality for Indian players, who increasingly face contrasting surfaces, formats and match situations across domestic and international cricket.
Hostinger executive Auksė Žirgulė said the rise of AI is reshaping how startups are built, how customers judge products and how companies must compete on experience rather than features alone. Her remarks underscore a broader shift in the startup economy: experimentation, speed and customer trust are becoming decisive advantages in an AI-driven market.
Bengal seized the upper hand after twin centuries from Abishek Porel and Sudip Gharami powered a dominant batting display in their latest red-ball outing. The pair’s composed, high-tempo hundreds not only blunted the opposition attack but also underlined Bengal’s growing depth and control in a crucial phase of the match.
The Reserve Bank of India has directed banks to identify the systemic, process and operational failures driving repeat customer complaints and to conduct root-cause analysis to curb recurrence. The regulator also pressed lenders to build stronger grievance-handling capacity, as more than 1.33 million complaints were received under the ombudsman scheme in FY25.
The Kalyana Karnataka Chamber of Commerce and Industry has invited Congress president Mallikarjun Kharge to inaugurate its Diamond Jubilee celebrations, a three-day event marking 60 years of the chamber’s role in trade, industry and regional development. The invitation underscores the chamber’s effort to place Kalyana Karnataka’s economic priorities at the center of a high-profile public platform.
The 57th meeting of the Goods and Services Tax Council has been postponed by one day and will now be held on October 8 at 11 am at the Summit Room, Bharat Mandapam, in New Delhi. An official memorandum attributed the change to unavoidable circumstances and informed members of the Council, while expressing regret for any inconvenience caused.
Finance Minister Nirmala Sitharaman has moved to calm concerns over the Merchant Discount Rate on select UPI transactions, saying the charge is borne by merchants and will not be passed on to consumers. She stressed that the levy is neither a tax nor a surcharge, but a payment-processing cost applicable only to certain transactions above Rs 2,000.
