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IDFC First Bank Q2 PAT rises 197% to ₹1,045 crore on lower provisions
IDFC First Bank reported a strong Q2 FY27 with a near- double-digit rise in net interest income and a sharp rise in profit driven by lower provisions and improving asset quality, aided by large FCNR(B) deposits and resilient liquidity.
Economy
GS-II: Government policies and intervention for development in various sectors
GS-III: Indian economy and issues relating to planning, mobilization of resources, growth, development and employment
GS-IV: Ethics, integrity and governance (transparency in corporate reporting could be linked to disclosures)
What is the controversy over the spinal muscular atrophy drug in Keralam? Explained
Kerala's SMA drug access row raises questions about public healthcare funding, drug pricing, and use of generic medicines in state schemes. The episode tests policy mechanisms for affordable life-saving treatment and the balance between branded innovation and cost-effective generics.
Science & Tech
GS-II: Government Policy and Interventions for Social Welfare
GS-III: Science and Technology — Indian initiatives and R&D
GS-IV: Ethics, Governance and Public Accountability
Ashoke Sen becomes first Indian physicist to receive Oskar Klein Medal
Ashoke Sen, a leading Indian theoretical physicist, becomes the first Indian to win the Oskar Klein Medal (2026), underscoring India's growing stature in high-energy theory and fundamental physics. The award highlights his contributions to string theory and black hole entropy, reflecting global recognition of Indian scientists in basic science.
Science & Tech
GS-I: History of science and technology; role of science in society
GS-II: Government policies and schemes for science & technology; national priorities
GS-III: Science and technology for development; ethics in science
AU Small Finance Bank Q2 profit jumps 53% to 858 crore
AU Small Finance Bank posts a strong Q2 profit growth, driven by higher interest income and improved asset quality; highlights sectoral dynamics in small finance banks, profitability, and capital adequacy considerations under RBI oversight.
Economy
GS-III: Indian Economy and Development
GS-II: Government Policies and Interventions for Development
BJP has no bad option, Congress has no good option
The piece discusses the Centre's delimitation proposals, the opposition’s calls for an all-party discussion, and the government’s stance on withholding details, signaling ongoing friction over electoral delimitation and its legislative path.
Polity
GS-II: Governance and polity: delimitation and constitutional provisions
Ethanol tender sparks feedstock concerns as rice gains ground over maize
The ESY 2026–27 ethanol procurement tender by OMCs links feedstock pricing (surplus/ damaged foodgrains, maize) to ethanol supply, raising concerns for rice-based feedstocks and sugar industry. Allocation and pricing signals may affect feedstock viability for rice versus maize in ethanol production, impacting policy and industry dynamics.
Economy
GS-III: Indian Economy and Issues relating to growth, development and employment
GS-III: Environment and Ecology (Sustainable development, policy)
500 GW by 2030: Experts explain why India needs to power up battery storage capacity and grid infra to meet the target
Experts say India must expand battery storage and modernize the power grid to reach 500 GW of non-fossil capacity by 2030, building on existing capacity of 300.50 GW as of July 2026.
Kotak Mahindra Bank Q2 net up 26% on higher income and better asset quality
Kotak Mahindra Bank reports a 26% YoY rise in net profit for Q2, with total income up 18% and improved asset quality; NIM declined slightly due to FCNR-B window deposits, while GNPA and NPA improved. Bank to acquire Deutsche Bank's retail, private banking and wealth business in India.
Economy
GS-III: Indian economy and issues relating to growth, development, and employment
Falling short: on Marco Rubio’s second visit to India
The visit of US Secretary of State Marco Rubio to India amid U.S. domestic politics signals possible shifts in bilateral ties, trade talks, energy security, and regional security coordination including the Quad and Gulf energy discussions, with implications for India’s diplomacy and strategic posture.
Advocacy group questions Medanta MD Naresh Trehan’s inclusion in panel on pharma marketing practices
Advocacy groups question potential conflict of interest in including a private hospital MD on a Supreme Court-directed committee assessing pharma marketing regulations; Centre proposes tighter advertising curbs and the panel’s independence is under scrutiny.