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BusinessPhoto: Mint CompaniesThe Supreme Court overturned Yes Bank’s 2020 write-off of ₹8,415 crore in AT-1 bonds. The bank stated it would have reported a net loss of ₹5,217 crore in the September quarter if it had recognized this impact. This decision affects the bank's earnings and financial reporting for that period.
Mint Companies·
Samsung will utilize TSMC's technology to manufacture Nvidia's next-generation memory chips, according to a report by a Seoul newspaper. This collaboration highlights a significant partnership in semiconductor manufacturing between major industry players Samsung, TSMC, and Nvidia.
Reuters··Seoul
PoliticsPhoto: The HinduThe death toll from the Kolkata Durga Puja stampede has risen to 19. A sitting High Court judge has been appointed to investigate the incident. Authorities have taken seven accused into 10-day police custody. Suvendu has called for a judicial probe and proposed banning VIP queues at puja pandals to prevent future tragedies.
The Hindu··Kolkata
HealthPhoto: VerdictumThe court ruled that sex education should start at the primary school level and include helplines in every classroom, training for teachers and parents, and free counseling for victims. It also questioned the Union government about actions taken on suggestions made for 2024 regarding these educational measures.
Verdictum·
SciencePhoto: AajTakJapan is preparing to launch the MMX mission on the 20th of this month to send a spacecraft to one of Mars' moons. The mission aims to collect samples from the Martian moon and return them to Earth. This will be the first time a spacecraft lands on a moon of Mars, with the journey expected to take about a year.
AajTak·
BusinessPhoto: TradingViewMuscat Insurance has announced its dividend distribution policy, outlining how it plans to allocate dividends to its shareholders. The policy details the criteria and timing for dividend payments, aiming to provide clarity and transparency to investors regarding returns on their investments.
TradingView·
Mint Companies·
Photo: Mint CompaniesThe Supreme Court overturned Yes Bank’s 2020 write-off of ₹8,415 crore in AT-1 bonds. The bank stated it would have reported a net loss of ₹5,217 crore in the September quarter if it had recognized this impact. This decision affects the bank's earnings and financial reporting for that period.
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