Supreme Court rules against Yes Bank's write-off of

The Supreme Court confirmed the decision of the Bombay High Court regarding Yes Bank's AT1 bonds. This ruling impacts ₹8,415 crore in bonds written off during the bank's 2020 restructuring. The court noted that the administrator lacked the authority to write down these bonds. Bondholders had contest

India's current account deficit narrowed to $5.2 billion in August, compared to $6.1 billion a year earlier. The capital account surplus increased substantially to $50.6 billion, influenced by non-resident deposits of $83 billion. The balance of payments showed a surplus of $45.4 billion, contrastin

Reserve Bank of India recently clarified the applicability of foreign exchange risk reserve for banks. The requirement does not apply to banks engaging in market-making or proprietary trading. It will also not affect interest on External Commercial Borrowings or dividends payable to non-resident inv

Menon also said that DMart should avoid copying quick-commerce models and instead double down on its price advantage to protect market share.

Jio Platforms is gearing up for what is set to be India's biggest initial public offering, aiming to raise as much as Rs 30,213 crore. Once listed, Jio is projected to become one of the top five companies in market value.