Author: Indmedia

Beating analysts’ estimates, Axis Bank Ltd., India’s third-largest private sector bank, reported a 23% year-on-year increase in profit to ₹7,114 crore for the quarter ended June 30, 2026.The Bank’s Net Interest Income (NII) for the quarter stood at ₹14,646 crore up 8% YOY. Net Interest Margin (NIM) stood at 3.46%.Provision and contingencies for the quarter stood at ₹2,223 crore. Specific loan loss provisions stood at ₹2,079 crore. The Bank holds cumulative provisions (standard and additional other than Non-Performing Asset (NPA) of ₹15,608 crore as on June 30, 2026.This is over and above the NPA provisioning included in the Provision Coverage Ratio (PCR) calculations. “These cumulative provisions…

This Lost City carbonate tower was imaged during the National Science Foundation-supported project Return to the Lost City 2018. (Picture source: NOAA) Scientists have uncovered new evidence that helps answer one of the biggest questions about the mysterious Lost City hydrothermal field, a unique underwater ecosystem deep in the Atlantic Ocean. By drilling more than a kilometre beneath the seabed, researchers found superheated water whose chemical composition closely matches the fluid that flows out of the Lost City’s famous white chimneys, ScienceX reported.The discovery suggests that these unusual underwater vents are supplied by a hidden source of hot, hydrogen-rich water…

Speaking to the BBC, three Puntland security officials separately identified the craft hijacked on Friday as a tanker named MT Asana.They added that it was seized by seven gunmen who had set off from a remote area near the Puntland port town of Garacad before making their way to the Gulf of Aden.The MT Asana, sailing under a Tanzanian flag, was en route to the port of Bosaso in Puntland, when it was boarded 65 nautical miles off Yemen.Whereas the Indian Ocean is heavily patrolled by the European Union Naval Force, which oversees anti-piracy operations in Somalia, the Gulf of…

NEW DELHI: A woman threw ink at Cockroach Janata Party founder Abhijeet Dipke on Saturday as he was addressing a large gathering at Jantar Mantar.The incident briefly disrupted the programme as supporters rushed towards the stage, triggering a commotion.The woman’s identity and the motive behind the act were not immediately known.This comes hours after Sonam Wangchuk — who was on an indefinite hunger strike against the alleged irregularities in examinations and the NEET paper leak — was removed from Jantar Mantar and shifted to Safdarjung Hospital.Wangchuk was removed from the stage 48 hours before his planned march to Parliament, which…

Waves of Ukrainian drone attacks killed seven warehouse workers and injured dozens more, while another attack sparked a fire at an oil depot in the wider capital region, regional governors said on Saturday. Governor Yevgeny Pervyshov said 25 people were injured after Ukrainian drones slammed into a warehouse owned by Wildberries, Russia’s largest online retailer, in the city of Kotovsk in the Tambov region, roughly 475 kilometres (295 miles) southeast of Moscow. “Seven people working the night shift died on the spot,” Pervyshov wrote on Telegram, adding that 28 drones were also shot down on approach. “If they had achieved…

Mumbai: The abrupt shutdown of MT Educare centres, popularly known as Mahesh Tutorials, which was acquired by Zee Learn in 2018, was not a case in isolation. Last year, several centres of FIIT-JEE across the country wound up their operations allegedly due to the financial crisis.Coaching industry experts claimed that the sector has reached some saturation point, with the mushrooming of local players making it increasingly difficult to sustain large coaching chains. Institutes are managed on the reputation and teaching quality of their faculty – once popular teachers leave, retaining students becomes challenging, they added.Teachers and parents, however, claimed that…

Heavy rain is also likely across parts of north, east, northeast, central and southern India, while thunderstorms and gusty winds are forecast in several regions. NEW DELHI: Heavy to very heavy rainfall is expected to continue across large parts of the country on Sunday, with the India Meteorological Department (IMD) warning of extremely heavy rainfall over Sub-Himalayan West Bengal and Sikkim.Heavy rain is also likely across parts of north, east, northeast, central and southern India, while thunderstorms and gusty winds are forecast in several regions.IMD’s rain alert for SundaySub-Himalayan West Bengal and Sikkim are likely to receive heavy to very…

Bengaluru: Classes were disrupted as students of University of Agricultural Sciences (UAS), GKVK, launched a protest alleging that govt illegally expanded eligibility criteria for recruitment to the posts of agricultural officer (AO) and assistant agricultural officer (AAO).They maintained that AO and AAO are specialised technical posts responsible for providing scientific advice to farmers on crop management, soil health, pest and disease control, agricultural extension and implementation of govt schemes. Therefore, the posts should be filled only by candidates having qualifications recognised under existing recruitment rules, the students said.“We forwarded their memorandum to govt, and a metting will be convened. We…

Hyderabad: In Telangana, preparation for competitive examinations often begins as early as school. But not for Veeriahgari Sahyu, who secured AIR 13 and emerged as the state topper in NEET-UG. The Warangal student began preparing only during his intermediate and chose to stay in his hometown instead of moving to Hyderabad or another city. Sahyu, who scored a 99.99915 percentile, said his teachers made the subjects interesting, encouraging him to move beyond the curriculum and learn new concepts.“I am not against students beginning their preparation years in advance, right from Class 6 or Class 8, or moving to coaching hubs…

Tambaram Municipal Corporation has initiated the self-enumeration process for the upcoming Census of India 2027 (File Photo). CHENNAI: Tambaram City Municipal Corporation has begun the self-enumeration process for the first phase of the Census of India 2027.Tambaram Commissioner and Principal Census Officer S Balachander said that Residents can submit their household details online through the Census portal from July 17 to July 31 using a mobile phone or computer. After successful submission, they will receive an 11-digit Self Enumeration (SE) ID via SMS or email, which must be shared with enumerators during the door-to-door survey.The corporation has deployed 1,483 enumerators…