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BusinessPhoto: ET MarketsThe 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·
EntertainmentPhoto: HT EntertainmentIn Taika Waititi's film 'Klara and the Sun', Jenna Ortega plays Klara, an outdated android companion bought by a teenager and her mother. The dystopian drama, based on Kazuo Ishiguro's 2021 novel, explores themes of humanity and loneliness in a future shaped by a third world war caused by internet abuse. Ortega highlights the story's timely message about connection and empathy.
HT Entertainment·
TechnologyPhoto: HT WorldUS President Donald Trump announced a new Super Intelligence Force to coordinate the government's AI strategy, led by National Intelligence Director Jay Clayton. The initiative aims to maintain US technological leadership and address AI risks in sectors like finance, energy, transportation, agriculture, and emergency services. It follows an executive order adopting the term 'super intelligence' for AI and has a 120-day deadline.
HT World·
PoliticsPhoto: Hindustan TimesUttarakhand Women and Child Development Minister Rekha Arya accused her husband Girdhari Lal Sahu of forgery, caste-based harassment, bigamy, and conspiring to murder her. Arya alleged Sahu concealed a previous marriage and plotted to kill her with another woman. An FIR was registered in Dehradun against Sahu for forgery, cheating, criminal conspiracy, cruelty, and intimidation.
Hindustan Times··Dehradun
PoliticsPhoto: Aaj TakBefore the CJP's Tiranga March in Delhi, NSUI workers protested outside the Parliament Street police station demanding an FIR over alleged assault on female members. NSUI claims several members, including president Vinod Jakhar, were taken into custody. They also accused the police of not registering their complaint.
Aaj Tak··Delhi
BusinessPhoto: ET MarketsHDFC Life Insurance posted a 14% increase in standalone net profit to ₹508 crore for the September quarter, up from ₹447 crore a year earlier. Net premium income rose 16% to ₹21,727 crore. The value of new business margin expanded to 24.7%, with new business value growing 12% to ₹2,040 crore. The solvency ratio improved to 180%. The board approved raising ₹500 crore via subordinated non-convertible debentures.
ET Markets··Mumbai
ET Markets·
Photo: ET MarketsThe 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.
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