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BusinessPhoto: ET MarketsYes Bank announced it may not pay coupons on additional tier-1 (AT1) bonds this fiscal year, despite a Supreme Court ruling annulling the previous write-off of these bonds. Bondholders demand repayment based on the court's decision, but the bank asserts it has the final authority on coupon payments, citing financial losses as a concern for meeting these obligations.
ET Markets·
TechnologyPhoto: HT WorldFaheem Akram, a 33-year-old from Khanewal, Punjab, Pakistan, was arrested for running LabelsBank.com, a counterfeit postage label website causing over $126 million in losses to the US Postal Service. The site sold more than 5.1 million fake labels to over 5,200 customers, allowing cheaper shipping rates and significant USPS revenue loss, according to US and Pakistani authorities.
HT World··Khanewal
PoliticsPhoto: Deccan HeraldA court in Jhansi, Uttar Pradesh, cancelled a non-bailable warrant against actor Rakhi Sawant in a 2010 suicide abetment case. The warrant was issued on October 16 but was cancelled following a stay order from the Allahabad High Court. The case involves the suicide of Laxman Ahirwar, whose mother accused Sawant of abetment after alleged humiliating remarks on television.
Deccan Herald··Jhansi
PoliticsPhoto: News18The US House Ways and Means Committee is investigating organisations linked to Neville Roy Singham for foreign funding and nonprofit sector ties. The probe demands financial records amid claims of international influence. Concurrently, protests in France and India raise questions about local versus global activist roles. The investigation seeks evidence of alleged Indian connections, though many claims remain unproven.
News18·
SciencePhoto: Hindu WorldThe UN climate damages fund, established in 2022, has allocated $20 million to Nepal for the August disaster, marking its first country-specific disbursement. This amount is a small fraction of Nepal’s estimated $5 billion loss. The fund has received pledges totaling $820 million but faces requests amounting to $2.8 billion so far.
Hindu World·
PoliticsPhoto: Amar UjalaCongress General Secretary Priyanka Gandhi Vadra's son Rehan Vadra's art exhibition at Bikaner House, Delhi, sparked controversy when organizers asked to remove some photos. Congress accused censorship and suppression of free expression, while BJP claimed rule violations at the venue. BJP called it Priyanka's political 'launch mission' for Rehan. The dispute began after Rehan said management demanded removal of images showing protests and two tricolor photos, which he refused.
Amar Ujala··Delhi
ET Markets·
Photo: ET MarketsYes Bank announced it may not pay coupons on additional tier-1 (AT1) bonds this fiscal year, despite a Supreme Court ruling annulling the previous write-off of these bonds. Bondholders demand repayment based on the court's decision, but the bank asserts it has the final authority on coupon payments, citing financial losses as a concern for meeting these obligations.
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