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PoliticsPhoto: Deccan Herald

Karnataka enacts new law to regulate apartment ownership and management

The Karnataka government has enacted the Karnataka Apartment (Ownership and Management) Act, 2026, which regulates apartment ownership, management, maintenance charges, common areas, builders’ obligations, and disputes. The law, effective from October 9, applies to projects with more than eight apartments and excludes government buildings and plotted or villa developments. It repeals two previous acts from 1972 and requires existing associations to register under the new law within three months of commencement.

Deccan Herald··Bengaluru

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BusinessPhoto: ET Markets

Supreme Court Rules Against Yes Bank's Rs 8,415 Crore AT1 Bond Write-Off

The Supreme Court upheld the Bombay High Court's decision that Yes Bank's write-off of ₹8,415 crore AT1 bonds during its 2020 restructuring was unauthorized. The court ruled the bank's administrator lacked authority to write down these bonds. Bondholders had challenged the write-off, alleging mis-selling. Yes Bank must now repay the bonds with accrued interest.

ET Markets·

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HealthPhoto: TOI Entertainment

Selena Gomez Honors Martin Short's Late Daughter with Legacy Award

Selena Gomez introduced the Katherine Short Legacy Award at a gala to honor Martin Short's late daughter and recognize dedication to mental health. Martin Short joined her on stage to share his daughter's struggles with mental health. The event aimed to raise funds and awareness for youth mental health organizations and initiatives.

TOI Entertainment·

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TechnologyPhoto: Deccan Herald

Caller Name Display Mandatory on Mobile Phones from November 1

Starting November 1, Indian mobile users will see the names of unknown callers on their screens through Calling Name Presentation (CNAP), mandated by the Department of Telecommunications. CNAP will be enabled by default on 4G and 5G networks. If the caller's number is not saved, the system will fetch the registered name from the originating operator's database. International calls will show as "International Call."

Deccan Herald·

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BusinessPhoto: News18Hi Business

Rohtas Man Earns ₹50,000 Monthly from Duck Farming at Home

Pramod Kumar from Rohtas manages duck farming at home alongside his job. He sells around 100 eggs daily, earning a good income with just one hour of work each day. This business has become an excellent source of additional income for working professionals, providing about ₹50,000 monthly beyond their salary.

News18Hi Business··Rohtas

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PoliticsPhoto: Amar Ujala

Karnataka High Court Criticizes Vijay Mallya's Lifestyle in Loan Dispute

The Karnataka High Court made a stern remark about fugitive businessman Vijay Mallya, stating his lavish lifestyle and ego are major obstacles in repaying bank loans. The bench of Justices DK Singh and TM Nadaf commented during a share dispute case involving Diageo Holdings Netherlands BV and a bank consortium led by SBI. The court noted that personal ego and indulgence can ruin decades of hard work, leading to bankruptcy and loss. The dispute concerned shares of United Breweries Limited pledged against a loan. The court ruled Diageo's claim on these shares stronger than the banks' claims.

Amar Ujala·

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