Bank shares drop on reports Chancellor planning Budget tax raid

The Independent - Oct 16, 2026

Speculation is growing that John Healey is poised to hike the surcharge banks pay on their profits in his October 28 Budget.

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Iran says supertanker carrying 2 million barrels of crude ablaze after hitting naval mine in Strait of Hormuz
Oct 17, 2026
Iran says supertanker carrying 2 million barrels of crude ablaze after hitting naval mine in Strait of Hormuz

Iran’s IRGC Navy said a supertanker carrying over 2 million barrels of crude oil caught fire after hitting a naval mine while crossing the Strait of Hormuz via an unauthorised route. The incident comes amid rising attacks on shipping and Tehran’s tightening grip on the strategic waterway.

FSSAI notifies draft amendment to tighten infant nutrition rules: What are the changes being proposed?
Oct 17, 2026
FSSAI notifies draft amendment to tighten infant nutrition rules: What are the changes being proposed?

FSSAI has proposed banning the addition of sucrose and fructose to infant nutrition products for babies up to six months old. The draft amendment is open for public feedback for 60 days before the regulator considers finalising it.

Why is Green Visakha demanding a halt to Google’s $15 billion AI data centre project in Vizag?
Oct 17, 2026
Why is Green Visakha demanding a halt to Google’s $15 billion AI data centre project in Vizag?

The demand comes amid growing attention to the environmental and resource requirements of large data centres, which need substantial electricity and water to operate

Radisson Blu Delhi under FSSAI scanner: Cockroaches, flies, fungal-affected vegetables among food safety lapses
Oct 17, 2026
Radisson Blu Delhi under FSSAI scanner: Cockroaches, flies, fungal-affected vegetables among food safety lapses

According to the notice shared by FSSAI on social media, inspections revealed multiple deficiencies at the hotel, ranging from refrigeration and pest control issues to inadequate checks on food quality and cooking oil suitability.

Pakistan, Bangladesh among 10 worst hunger-hit countries: Which other nations are on the list?
Oct 17, 2026
Pakistan, Bangladesh among 10 worst hunger-hit countries: Which other nations are on the list?

Pakistan and Bangladesh are among the 10 worst hunger-hit countries globally, according to Action Against Hunger. Nigeria, DR Congo, Sudan, Yemen, Afghanistan, Myanmar, South Sudan and Syria are also on the list. Acute hunger affects around 266 million people across 47 countries.

FDA crackdown: FIR against Reliance Consumer Products, Reliance Retail, Blinkit, Zomato Hyperpure officials; here's why
Oct 17, 2026
FDA crackdown: FIR against Reliance Consumer Products, Reliance Retail, Blinkit, Zomato Hyperpure officials; here's why

The Maharashtra Food and Drug Administration (FDA) has seized food products worth ₹48 lakh during a crackdown across Thane and Pune districts. Licenses of five establishments have been suspended.

FSSAI initiates prosecution against Surya Food & Agro for using cattle feed bran in Priyagold biscuits production
Oct 17, 2026
FSSAI initiates prosecution against Surya Food & Agro for using cattle feed bran in Priyagold biscuits production

The regulator has also initiated prosecution proceedings against Dodla Dairy and UEIR Organic Foods over food safety violations involving substandard full cream milk and pesticide residues in yellow raisins, respectively

At least 17 dead in stampede-like situation at Kolkata's Chorbagan Durga Puja pandal; CM Suvendu Adhikari at hospital
Oct 17, 2026
At least 17 dead in stampede-like situation at Kolkata's Chorbagan Durga Puja pandal; CM Suvendu Adhikari at hospital

Several people were injured after a section of Kolkata's Chorbagan Sarbojanin Durga Puja pandal collapsed amid heavy crowds on Saptami evening.

India-New Zealand FTA: Sheep meat gets zero duty, kiwi fruit at 15% as tariff cuts take effect October 20
Oct 17, 2026
India-New Zealand FTA: Sheep meat gets zero duty, kiwi fruit at 15% as tariff cuts take effect October 20

India has notified its first set of customs duty concessions for imports from New Zealand under the bilateral free trade agreement, with preferential rates taking effect on October 20. 

Bengaluru’s ‘fat dog election’: 64 canine contenders, two finalists and an internet-fuelled showdown
Oct 17, 2026
Bengaluru’s ‘fat dog election’: 64 canine contenders, two finalists and an internet-fuelled showdown

Bengaluru has joined the viral fat dog craze with Fat Dogs of BLR, a community-driven contest that has narrowed 64 canine contenders to two finalists. The quirky competition is turning online votes into a community event.

Kolkata stampede Highlights: At least 17 dead in crush; PM announces ₹2L ex gratia; President expresses condolences
Oct 17, 2026
Kolkata stampede Highlights: At least 17 dead in crush; PM announces ₹2L ex gratia; President expresses condolences

Kolkata Chorbagan stampede Highlights: A stampede-like situation broke out at Kolkata's Chorbagan Sarbojanin Durga Puja pandal on 17 October amid heavy rain and overcrowding. At least 17 people lost their lives in the incident. Reports of fatalities remain subject to official confirmation.

Only big pandals mean fat money? Why small Durga Puja committees in West Bengal are struggling
Oct 17, 2026
Only big pandals mean fat money? Why small Durga Puja committees in West Bengal are struggling

West Bengal’s Durga Puja season delivered uneven business gains, with major puja organisers, malls and e-commerce platforms reporting strong activity while smaller committees and traditional retailers struggled. 

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