JUST IN: President Trump says "i never get tired — if I got tired, it would be a big story, I can tell you that"

Trump: ‘If the Republicans win,’ each of you will have $5,000

Trump: ‘We’re winning too much’

JUST IN: President Trump says administration will send "nearly $100" checks to over 20M seniors to help cover Medicare Part B premiums

MUMBAI AIRPORT T1 REDEVELOPMENT

ADANI AIRPORTS SAYS

91% of Mumbai airport passenger traffic to remain unaffected; only 5 mn of 55 55 mppa to be temporarily deoperationalised

T1 redevelopment to be phased; work to begin in January 2027

Airlines given option to temporarily shift operations to Navi Mumbai

Navi Mumbai airport has capacity & infrastructure to handle additional traffic

Navi Mumbai airport offers 100% landing fee discount for new international flights

Cash vouchers planned for international passengers to offset UDF difference

T1 closure & phased demolition can no longer be deferred due to safety concerns

Extensive consultations with airlines on T1 underway since 2020

T1 redevelopment plan presented to AERA & incorporated into approved tariff framework

Kim Jong Un directs missile test as North Korea showcases military capability: KCNA

HDFC Bank Ltd : SEPTEMBER 2026 QUARTER BUSINESS UPDATE

• Average advances under management grew 14.0% YoY to ₹3,187,200 Cr

• Period end gross advances reached ₹3,21,950 Cr, a 16.3% YoY increase

• Average deposits grew 16.8% YoY to ₹3,16,650 Cr

• Period end deposits stood at ₹3,32,750 Cr, up 18.8% YoY

• Mobilised foreign currency deposits totaling USD 11.5 billion (₹1,10,340 Cr) via RBI swap facility

• Issued USD 2.5 billion (₹23,960 Cr) of USD denominated senior unsecured bonds during June–August 2026

🏦 HDFC Bank – Q2 FY27 Business Update

• Advances Under Management: ₹33,075 Bn | YoY +15.3%

• Gross Advances: ₹32,195 Bn | YoY +16.3%

• Deposits: ₹33,275 Bn | YoY +18.8%

• CASA Deposits: ₹10,520 Bn | YoY +10.8%

• Time Deposits: ₹22,755 Bn | YoY +22.8%

• Avg Advances Under Management: ₹31,872 Bn | YoY +14.0%

• Avg Deposits: ₹31,664 Bn | YoY +16.8%

• Avg CASA: ₹9,712 Bn | YoY +10.7%

• Avg Time Deposits: ₹21,952 Bn | YoY +19.7%

💵 FCNR(B) Deposits: USD 11.5 Bn

• Loans against FCNR(B): USD 5.7 Bn

• Standby LC: USD 3.1 Bn

• USD-denominated Bonds issued during Jun–Aug 2026: USD 2.5 Bn

Q2 FY27 figures as of 30 Sep 2026; subject to limited review by statutory auditors.

OPEC+ MAKES NO CHANGE TO OIL OUTPUT QUOTAS FOR NOVEMBER AT SUNDAY MEETING

Israeli airstrike on the town of Haddatha in the Bint Jbeil district of southern Lebanon

Israeli army: Today in an airstrike on Khan Younis, we killed a member of Hamas' elite unit.

Iran oil minister steps down: state media

𝗛𝗦𝗕𝗖 𝗢𝗡 𝗕𝗔𝗝𝗔𝗝 𝗙𝗜𝗡𝗔𝗡𝗖𝗘

𝗥𝗮𝘁𝗶𝗻𝗴: Buy

𝗧𝗮𝗿𝗴𝗲𝘁: ₹1,270

• Timely capital raise is positive

• Fundraise approval supports Tier 1 CAR

• Capital infusion: 2% EPS dilution

• 7.6% book value per share accretion

• AUM growth expected to offset dilution over medium term

𝗖𝗜𝗧𝗜 𝗢𝗡 𝗕𝗔𝗝𝗔𝗝 𝗙𝗜𝗡𝗔𝗡𝗖𝗘

𝗥𝗮𝘁𝗶𝗻𝗴: Buy

𝗧𝗮𝗿𝗴𝗲𝘁: ₹1,300

• AUM growth comfortably exceeds guided band

• FY27 growth guidance upgrade increasingly likely

• Cost ratios expected to improve further

𝗝𝗣𝗠𝗢𝗥𝗚𝗔𝗡 𝗢𝗡 𝗕𝗔𝗝𝗔𝗝 𝗙𝗜𝗡𝗔𝗡𝗖𝗘

𝗥𝗮𝘁𝗶𝗻𝗴: Overweight

𝗧𝗮𝗿𝗴𝗲𝘁: ₹1,310

𝗘𝗮𝗿𝗹𝗶𝗲𝗿 𝗧𝗮𝗿𝗴𝗲𝘁: ₹1,295

• Strong Q2 delivery likely to drive growth

• Customer acquisition guidance upgraded

• Meaningful upgrades to management guidance likely

• NIM outlook remains in focus

𝗝𝗘𝗙𝗙𝗘𝗥𝗜𝗘𝗦 𝗢𝗡 𝗕𝗔𝗝𝗔𝗝 𝗙𝗜𝗡𝗔𝗡𝗖𝗘

𝗥𝗮𝘁𝗶𝗻𝗴: Buy

𝗧𝗮𝗿𝗴𝗲𝘁: ₹1,280

• AUM growth accelerates to 26% YoY

• New loan growth slowed due to festive season

• Remains among top picks

𝗛𝗦𝗕𝗖 𝗚𝗟𝗢𝗕𝗔𝗟 𝗢𝗡 𝗕𝗔𝗝𝗔𝗝 𝗙𝗜𝗡𝗔𝗡𝗖𝗘

𝗥𝗮𝘁𝗶𝗻𝗴: Buy

𝗧𝗮𝗿𝗴𝗲𝘁: ₹1,270

• Approves ₹17,500 Cr capital raise

• Capital raise includes ₹11,700 Cr QIP

• Capital raise to ease upcoming leadership transition

• Among least dilutive capital raises in Indian financials

• Shareholder dilution estimated at ~3%

𝗠𝗢𝗥𝗚𝗔𝗡 𝗦𝗧𝗔𝗡𝗟𝗘𝗬 𝗢𝗡 𝗛𝗗𝗙𝗖 𝗕𝗔𝗡𝗞

𝗥𝗮𝘁𝗶𝗻𝗴: Overweight

𝗧𝗮𝗿𝗴𝗲𝘁: ₹1,025

• RBI approves Anup Bagchi as HDFC Bank MD & CEO for 3-year term

• CEO succession issue had been an overhang on stock

• Announcement reduces uncertainty

• Stock has underperformed Bankex by 19 percentage points YTD

𝗝𝗣 𝗠𝗢𝗥𝗚𝗔𝗡 𝗢𝗡 𝗛𝗗𝗙𝗖 𝗕𝗔𝗡𝗞

𝗥𝗮𝘁𝗶𝗻𝗴: Overweight

𝗧𝗮𝗿𝗴𝗲𝘁: ₹990

• RBI approves Anup Bagchi as HDFC Bank MD & CEO

• External CEO appointment seen as positive inflection point

• Strategic reset could reduce stock overhang

• NII growth revival remains key for rerating

• Stock has de-rated 32% YTD

𝗞𝗢𝗧𝗔𝗞 𝗜𝗡𝗦𝗧𝗜𝗧𝗨𝗧𝗜𝗢𝗡𝗔𝗟 𝗢𝗡 𝗛𝗗𝗙𝗖 𝗕𝗔𝗡𝗞

𝗥𝗮𝘁𝗶𝗻𝗴: Buy

𝗧𝗮𝗿𝗴𝗲𝘁: ₹1,050

• HDFC Bank names Anup Bagchi as MD & CEO

• Strong track record in franchise building and execution

• Senior management changes likely under new leadership

• Bank should improve liability mix before chasing faster growth

• Re-rating likely to be gradual

𝗖𝗜𝗧𝗜 𝗢𝗡 𝗛𝗗𝗙𝗖 𝗕𝗔𝗡𝗞

𝗥𝗮𝘁𝗶𝗻𝗴: Buy

𝗧𝗮𝗿𝗴𝗲𝘁: ₹970

• FCNR fuels headline growth; core advances trail system average

• Ex-FCNR, core deposits and advances at 15.3%/14.5%

• Asset quality expected to remain resilient and stable