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State Bank of India posted 14.28 percent annual profit growth for Q2 FY27. Meanwhile, SBI Cards saw its profit jump 75 percent, and SBI Life registered an 11 percent increase. Market analysts noted that SBI Cards exceeded expectations, State Bank of India matched projections, and SBI Life fell short.
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The White House strongly rejected assertions that Donald Trump remains the president. The administration pushed back against the claims in a direct response.
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The government urged pensioners to avoid bank queues by submitting digital life certificates from home using face authentication. This initiative allows eligible individuals to complete their verification remotely.
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Tesla experienced a drop in its share price amid questions regarding whether political opposition from Democrats could impact executive plans. The market reacted to these developing political dynamics.
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Recent electoral setbacks for Republicans will empower Democrats to challenge the administration's policy agenda. Key areas facing immediate legislative resistance include trade tariffs, military actions involving Iran, and various infrastructure developments around Washington.
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A three-year clinical trial reveals that patients treated with sirolimus-coated balloons experienced an eight-percentage-point advantage in avoiding repeat procedures compared to those receiving paclitaxel-coated balloons. Both treatments delivered comparable gains in patient walking ability and quality of life. Researchers emphasize that these findings still require validation through five-year follow-up evaluations.
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American shares climbed significantly after Democratic midterm gains created expectations of political gridlock, supported by dropping oil prices and Treasury yields. The Dow Jones index gained 1300 points, while the S&P 500 advanced 1.8 percent with heavy participation from major technology companies. Amazon, Apple, and Microsoft emerged among the leading performers during the market session.
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The market regulator has simplified verification requirements for non-resident Indians and overseas citizens. The updated framework permits digital onboarding procedures directly from foreign locations, streamlining investment access for the diaspora.
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The US Energy Department is loaning 300,000 barrels of fuel oil from its emergency heating reserve to four companies to suppress supply pressures and rising prices ahead of winter. This release accounts for nearly a third of the total reserve. The action follows bipartisan senatorial demands driven by Middle East disruptions linked to the Iran war.
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The market regulator has relaxed verification norms for Non-Resident Indians and Overseas Citizens of India. This update permits digital onboarding to simplify compliance for these investors. The change aims to streamline documentation processes for foreign clients.
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Clean energy and healthcare shares strengthened after Democrats secured control of Congress in the US midterm elections, while artificial intelligence data centre equities fell. Investors evaluated potential regulatory changes regarding artificial intelligence alongside sustained backing for clean energy initiatives. Meanwhile, defence contractors and prison operators experienced losses due to anticipated shifts in government spending priorities and immigration policies.
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The civil aviation ministry has published a draft National Policy on Sustainable Aviation Fuels that proposes mandatory blending of domestically produced sustainable aviation fuel with Aviation Turbine Fuel. The draft outlines a requirement for utilizing exclusively indigenously manufactured sustainable aviation fuel starting in the year 2027. This regulatory move aims to decarbonize the aviation sector while building domestic manufacturing capabilities.
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