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BusinessPhoto: Economic TimesThe Supreme Court upheld the invalidation of the ₹8,415-crore write-off of Yes Bank's AT1 bonds made during the 2020 rescue. This ruling brings attention to investor protection, regulatory authority, unpaid coupons, and the bank's capital status. The controversy highlights risks associated with high-yield bank debt, drawing parallels from Credit Suisse to India.
Economic Times·
BusinessPhoto: NDTV BusinessSBI Cards and Payment Services Ltd. reported a 75% year-on-year increase in net profit to Rs 778 crore for Q2 FY27, driven by lower impairment losses and bad-debt expenses despite rising operating costs. Total income grew 3% to Rs 5,302 crore, supported by a 6% rise in fee and other income to Rs 2,630 crore and a 1% increase in interest income to Rs 2,511 crore.
NDTV Business·
PoliticsPhoto: Times of IndiaSaudi Arabia is enhancing its missile production by building a new missile complex near Al-Dawadmi, focusing on solid-fuel missiles. This move aims to strengthen defense against threats from Yemen's Houthi movement. The development raises fears of a nuclear arms race with Iran, especially following the US civilian nuclear cooperation agreement, which has sparked concerns about regional nuclear proliferation.
Times of India··Al-Dawadmi
PoliticsPhoto: Aaj TakA shooting from a moving vehicle near Trappes in the Yvelines district west of Paris resulted in one death and at least four injuries. Following the arrest of a suspect, France's national anti-terror prosecutor's office has initiated an investigation. The motive behind the attack remains unclear at this time.
Aaj Tak··Trappes
PoliticsPhoto: Deccan HeraldMysuru district in-charge minister S Yathindra acknowledged that the names of CM D K Shivakumar's wife Usha and the Telangana and Kerala CMs were not on the protocol list for the floral benediction during the Mysuru Dasara Jamboo Savari. He defended the CM's wife, saying her participation did not involve government work. Yathindra also addressed criticism over his photo missing from the government Dasara advertisement.
Deccan Herald··Mysuru
BusinessPhoto: Deccan HeraldMumbai's benchmark indices Sensex and Nifty fell for the fourth consecutive session as crude oil prices surged past USD 114 amid rising West Asia tensions. Sensex dropped 125.56 points to 73,123.83, while Nifty closed at 22,600, down 87.65 points. Broad sector selling and FII outflows amid weak global trends dampened sentiment. Tata Steel and Adani Ports fell over 3%, leading losses.
Deccan Herald··Mumbai
Economic Times·
Photo: Economic TimesThe Supreme Court upheld the invalidation of the ₹8,415-crore write-off of Yes Bank's AT1 bonds made during the 2020 rescue. This ruling brings attention to investor protection, regulatory authority, unpaid coupons, and the bank's capital status. The controversy highlights risks associated with high-yield bank debt, drawing parallels from Credit Suisse to India.
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