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Weekly News Platter |
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3 Oct, 2026, 05:32PM IST, PTI |
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Hello Reader,
In case you had a busy week, these are the top stories you need to get caught up to speed...
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 India defend Asiad cricket gold, defeat Pakistan in final |
| India secured a gold medal in the men's cricket event at the Asian Games in Hangzhou. They achieved this victory by defeating Pakistan by 19 runs in the final match. Batting first, India scored 211 runs for six wickets, aided by strong performances from Abhishek Sharma and Tilak Varma. The duo's explosive batting included half-centuries that significantly influenced the game's outcome. Read more |
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 Trump’s diesel squeeze both a sweet spot and a bind for India |
| A potential US diesel export ban could worsen an already tight global fuel market by removing about 1.2 million barrels a day of supply at a time when Middle Eastern, Russian and Chinese exports are constrained. Europe would be particularly exposed, while India could gain export opportunities for its refiners but also face higher crude and domestic fuel costs as global buyers compete for scarce diesel. Read more |
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 Horrific footage from flydubai flight shows Machchhar's heroics |
| Captain Smit Machchhar was attacked by his co-pilot during a flight from Dubai to Tel Aviv. After being stabbed, he managed to unlock the cockpit door, thereby saving all passengers aboard. Police later identified the co-pilot as having undergone radical Islamist indoctrination and exhibiting suicidal tendencies. Israeli Prime Minister Benjamin Netanyahu praised Machchhar's actions as heroic and crucial to preventing a disaster. Read more |
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 Wipro puts in place a new bench policy |
| Wipro bench policy: Wipro will implement a new bench policy starting October 1 for junior- and mid-level employees. Employees in Band 2 and below can remain on the bench for six months after release from projects. This decision aims to provide additional time for redeploying employees without billable project assignments. However, employees who do not secure a project within the stipulated time may face separation. Read more |
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 All eyes on 8th Pay Commission: What's coming, and when |
| The 8th Pay Commission will have discussions in Bengaluru on October 7 and 8 to finalize important recommendations. Officials from various employee associations share differing expectations regarding the report's submission timeline. While some believe the report could be submitted as early as February 2027, others anticipate a later date in May 2027. Implementation delays may result in beneficiaries receiving arrears for the postponed rollout of recommendations. Read more |
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 Former commissioner lays bare Pak's Indus Treaty play |
| Former Indian Indus Waters Commissioner PK Saxena called the Indus Waters Treaty unequal, saying India made concessions while Pakistan exploited the 1960 pact to delay hydropower development in Jammu and Kashmir. The treaty, brokered by the World Bank, survived wars but was placed in abeyance by India in April 2025 after the Pahalgam terrorist attack, amid growing water and security concerns. Read more |
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 Market crash wipes out Rs 26 lakh cr in 8 weeks |
| The Sensex and Nifty have fallen for eight straight weeks, wiping out more than Rs 26 lakh crore in market capitalisation. While elevated oil prices have pressured equities, soaring bond yields, foreign outflows, a stronger dollar and tighter liquidity are adding to the selling pressure and weighing on investor sentiment. Read more |
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 Reliance plans Rs 1 lakh crore investment in Andhra Pradesh |
| Reliance Industries announced a substantial investment of Rs 1 lakh crore in Andhra Pradesh for biogas plants. This initiative aims to create over three lakh jobs and generate revenue of nearly Rs 60,000 crore. The company will also support the establishment of the Rayalaseema Horticulture Hub and Indian School of Agriculture. Advanced technologies will be integrated with traditional farming knowledge to enhance agricultural practices. Read more |
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 EC's new order an important milestone in India SIR drama |
| EC SIR News: The Election Commission has directed state poll officials to launch a special drive to identify and register eligible voters left out during the Special Intensive Revision (SIR) of electoral rolls. Booth Level Officers will cross-check pre-SIR and current rolls, conduct house-to-house verification and collect Form 6 applications from eligible voters, including first-time and young electors. Read more |
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 Sidharatha Mishra: Bhubaneswar classrooms to ICICI Life’s top office |
| Who is Sidharatha Mishra, the veteran who will take over as the COO and CEO of ICICI Life Insurance soon? He has spent nearly three decades at ICICI Bank, progressing through various roles including branch manager and digital operations head. His appointment follows Anup Bagchi's departure after significant contributions over three years. Mishra's background in retail banking and digital channels will aid his leadership transition. Read more |
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 Warning signs multiply for Trump just a month before the midterms |
| The Republican Party is entering a challenging political environment as midterm elections approach. Issues related to tariffs and the Iran war are causing economic concerns among voters. Recent polling reveals low approval ratings for Trump's handling of the economy and cost of living. Early voting data indicates stronger Democratic participation compared to previous elections. Republican candidates may struggle to distance themselves from Trump while addressing economic dissatisfaction. Read more |
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 Vedanta plans $200 million push to lift Rajasthan oil output |
| Vedanta Oil and Gas is increasing investment in Rajasthan to enhance crude output from existing wells. The company aims to invest approximately $200 million in 2026-27 across several fields in the region. Further, Vedanta plans to develop a new hub for gas growth in the northeast region. Enhanced-recovery techniques are being employed to increase production efficiency from their wells. Read more |
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 Books, coffee and banking: ICICI lifer Anup Bagchi to lead HDFC Bank |
| Anup Bagchi, who has spent 34 years at ICICI Group, will join HDFC Bank as managing director. He has held various leadership roles, overseeing retail and wholesale banking functions. Bagchi's appointment comes after the RBI approved it, succeeding Sashidhar Jagdishan. Known for his informal manner, he led the bank through challenging times like demonetisation. Read more |
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 Nike takes a big long-term bet on India with new Bengaluru campus |
| Nike Inc plans to open a new campus in Bengaluru by FY28 to strengthen its operations in India. This campus will be crucial for supporting Nike, Jordan, and Converse brands. The decision is part of Nike's broader strategy to enhance global growth and manufacturing capabilities. The location of the campus will be disclosed next calendar year. Read more |
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 RBI asks banks to tackle repeat customer plaints, fix grievance gaps |
| The Reserve Bank of India has asked banks to identify systemic, process and operational gaps behind recurring customer complaints and conduct root-cause analysis to reduce their recurrence. The regulator also called for stronger capacity building and grievance handling. More than 1.33 million complaints were received under the ombudsman scheme in FY25. Read more |
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 Axis Bank wants to double its Rs 8,688 crore data centre exposure |
| India's rising interest in artificial intelligence is prompting Axis Bank to expand its lending to data centres. With demand for large-scale computing infrastructure surging, banks are exploring new financing opportunities. Axis Bank's exposure to the data centre sector is expected to double within three years. Additionally, the government is facilitating growth in this sector with favorable policies. Overall, the opportunity presents both promising potential and unique challenges. Read more |
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 India to mandate stricter airport scrutiny after Flydubai scare |
| India will make facial recognition mandatory for airline and airport employees and expedite full-body scanner deployment at eight major airports as part of tighter aviation security measures. BCAS said airport entry passes will be digitally controlled, while civil aviation officials said scanners have reached three airports and will soon be installed at five more. Read more |
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 GEC-III scheme to unlock next growth phase for India renewables sector |
| The Union Cabinet approved the GEC-III scheme, earmarking Rs 1.86 lakh crore for developing transmission systems and battery storage. This initiative will facilitate the evacuation of 135 GW of renewable energy by FY2032-33 while addressing industry concerns regarding transmission capacity. Experts believe that it will also lead to significant growth in the renewable sector and stabilize the electricity grid. Read more |
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