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Get the appGetYes Bank reported a 63% rise in its Q2 net profit to ₹1,084 crore. However, it has not accounted for the Supreme Court ruling on ₹8,415 crore AT1 bonds, as it is considering a further appeal. The SC ruled against the write-off of these bonds and criticized the RBI's role, affecting the bank's core capital ratio.
Reuters·
WorldPhoto: Times of IndiaA tragic stampede occurred at Chorbagan Durga Puja pandal in Kolkata on Saturday evening after heavy rain caused a crowd surge as people rushed inside for shelter. Eyewitnesses reported chaotic scenes with poor crowd management and darkness. Investigations are ongoing, and several organisers have been detained for questioning.
Times of India··Kolkata
PoliticsPhoto: News18 WorldA protest in Milan against rising living costs and wars turned violent on Saturday. Rioters clashed with police, looted stores, and set fires in the city center. Police used water cannons and tear gas to disperse crowds, evacuating Piazza del Duomo and a luxury shopping arcade. Around 50 people, including minors, were detained, and two officers were injured. Similar unrest occurred across Europe.
News18 World··Milan
PoliticsPhoto: Aaj TakWest Bengal Cabinet Minister Dilip Ghosh called the stampede at Kolkata's Chorbagan Durga Puja pandal unfortunate. He acknowledged that such incidents sometimes happen at large events and emphasized the need for organizers to exercise greater caution to prevent such tragedies.
Aaj Tak··Kolkata
BusinessPhoto: Amar BusinessHDFC Bank's Deputy Managing Director, Kajad Bharucha, resigned effective December 31, after serving since 1995. The bank's board accepted his resignation, pending RBI approval. Tata Trusts plans to establish 40-50 non-profit general hospitals across India to provide affordable quality healthcare. Chairman Noel Tata shared this in the 2025-26 annual report, highlighting a model where paying patients subsidize care for those who cannot afford it. The report did not specify investment, locations, or timelines. A new five-year health strategy for 2026-31 was also introduced.
Amar Business·
PoliticsPhoto: NDTVUS President Donald Trump mocked the violent unrest in France, calling it a natural destination for revolutions amid protests over rising living costs. Clashes between police and protesters led to looting and fires. Trump joked about joining the revolution in France, which faces major protests six months before elections to replace President Emmanuel Macron. US Vice President JD Vance blamed immigration for the unrest.
NDTV·
Reuters·
Yes Bank reported a 63% rise in its Q2 net profit to ₹1,084 crore. However, it has not accounted for the Supreme Court ruling on ₹8,415 crore AT1 bonds, as it is considering a further appeal. The SC ruled against the write-off of these bonds and criticized the RBI's role, affecting the bank's core capital ratio.
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