Federal Bank Q2 profit jumps 45% to record Rs 1,386 crore

Economic Times - Oct 16, 2026

Federal Bank posted record Q2 profit of Rs 1,386 crore, up 45% year-on-year, as net interest income climbed 26%. Advances grew 22% and deposits 19%, while asset quality improved, with gross NPAs declining to 1.32% during the September quarter.

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Gold price, silver rate suffer weekly losses. Check latest gold rate predictions
Oct 16, 2026
Gold price, silver rate suffer weekly losses. Check latest gold rate predictions

Gold rate, silver price were up on Friday but both precious metals were jolted by weekly losses.

L&T-built INS Samarthak commissioned into Indian Navy, marking a milestone for private shipbuilding
Oct 16, 2026
L&T-built INS Samarthak commissioned into Indian Navy, marking a milestone for private shipbuilding

INS Samarthak is capable of undertaking maritime surveillance and reconnaissance, offshore patrolling, and humanitarian assistance and disaster relief operations

Rupee rises 1.9% in a week, closes below 95 per dollar
Oct 16, 2026
Rupee rises 1.9% in a week, closes below 95 per dollar

The Indian rupee strengthened 1.9% this week to close at 94.96 per dollar, its strongest weekly gain in seven months. Aggressive RBI measures curbed dollar demand, while a weaker dollar index supported the currency despite corporate buying pressure.

National highway projects awarded rise 62.9% during April-Sept: MoSPI
Oct 16, 2026
National highway projects awarded rise 62.9% during April-Sept: MoSPI

National highway projects awarded experienced a 62.9% increase in distance during the April-September period. Electronic toll collection transactions also rose significantly, indicating increased digital use. Air cargo movement increased by 12%, and foreign tourist arrivals grew as well. The telecommunications sector expanded, adding over 29,000 kilometers of optical fiber cable. Overall, performance indicators across multiple infrastructure sectors have shown positive trends in FY27.

Delhi Traffic Alert for October 16-20: Five days of restrictions in CR Park & Greater Kailash-II; Metro, alternative routes advised during Durga Puja
Oct 16, 2026
Delhi Traffic Alert for October 16-20: Five days of restrictions in CR Park & Greater Kailash-II; Metro, alternative routes advised during Durga Puja

Delhi Traffic Police has issued a traffic advisory for Durga Puja celebrations in Chittaranjan Park (CR Park) and Greater Kailash-II from October 16 to 20, 2026. Traffic restrictions will remain in force daily from 4 pm to midnight. Commuters and devotees have been advised to use the Delhi Metro, avoid affected roads, refrain from unauthorised parking and allow extra travel time.

Weather Tomorrow October 17: IMD predicts rain, thunderstorms and heavy showers across several states; check forecast for Delhi, Haryana and more
Oct 16, 2026
Weather Tomorrow October 17: IMD predicts rain, thunderstorms and heavy showers across several states; check forecast for Delhi, Haryana and more

On October 17, regions across India will brace for heavy rainfall and thunderstorms. While Delhi can expect partly cloudy skies and a rise in temperatures post-rain, Himachal Pradesh might enjoy glimpses of sunshine interspersed with isolated afternoon showers. Meanwhile, Haryana is forecasted to have predominantly sunny weather but may see thunderstorms develop intermittently.

Ministry announces massive hike assistance to NSFs for hosting international events
Oct 16, 2026
Ministry announces massive hike assistance to NSFs for hosting international events

National Sports Federation (NSF) will now be entitled to financial support of up to ₹50 crore to organise international events. Previously, NSFs were allotted up to Rs two crore for the same. The revised scheme could provide assistance up to Rs 50 crore to conduct the National Games. The funds would go towards sports equipment, Timing, Scoring and Result (TSR) services, remuneration to technical officials and technical conduct.

Police can break bones but not 'satyagraha': Rahul Gandhi slams police 'brutalities' against students
Oct 16, 2026
Police can break bones but not 'satyagraha': Rahul Gandhi slams police 'brutalities' against students

The Leader of Opposition in Lok Sabha also stressed that "brutality by Home Minister Amit Shah's Delhi Police" will not go unchecked and the Congress will pursue every legal route against the officers responsible.

Malibu fire: 38 youths evacuated from juvenile facility as Bryson Fire spreads; LA County probation explain where they were taken
Oct 16, 2026
Malibu fire: 38 youths evacuated from juvenile facility as Bryson Fire spreads; LA County probation explain where they were taken

Malibu fire: The fast-spreading Bryson Fire in Malibu, California, prompted the evacuation of 38 youths from a juvenile detention facility near the blaze. The youths were safely transferred to Barry J. Nidorf Juvenile Hall in Sylmar as strong winds increased wildfire risks across California. Here's what officials said about the evacuation and where the youths were taken.

EU is making its own satellite system like Elon Musk's Starlink. Its first satellites are expected to launch in 2029
Oct 16, 2026
EU is making its own satellite system like Elon Musk's Starlink. Its first satellites are expected to launch in 2029

Since Russia's invasion, Ukraine has heavily depended on Elon Musk's Starlink for its military communication needs. However, recent limitations on military connectivity have sparked worries regarding this reliance on private corporations. The EU meanwhile is creating IRIS, a satellite network aimed at ensuring secure communications for governmental and military use by 2029, lessening dependence on providers like Starlink.

PC Jeweller stock jumps 11% after Cupid promoter Halwasiya buys shares worth ₹70 cr
Oct 16, 2026
PC Jeweller stock jumps 11% after Cupid promoter Halwasiya buys shares worth ₹70 cr

PC Jeweller had previously announced that it had cleared outstanding dues to all 14 consortium banks, eliminating debt of approximately ₹3,000 crore

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