SC verdict on YES Bank AT1 bonds brings relief for mutual funds, retail investors

The Hindu Business Line - Oct 16, 2026

By reversing the administrator’s 2020 write-down of about ₹8,415 crore in AT1 securities, recovery now looks likely, prompting funds like Nippon India and Kotak Mahindra to pause new subscriptions

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Sean Combs is serving a four-year, two-month sentence for his conviction last year on prostitution-related charges for transporting people across state lines for sexual encounters.

ED summons Pinarayi Vijayan in money laundering case
Oct 16, 2026
ED summons Pinarayi Vijayan in money laundering case

The summons, issued under the Prevention of Money Laundering Act (PMLA), came on Friday, hours after Vijayan moved the apex court seeking relief against the FIR order.

ED summons Pinarayi Vijayan in money laundering case
Oct 16, 2026
ED summons Pinarayi Vijayan in money laundering case

The summons, issued under the Prevention of Money Laundering Act (PMLA), came on Friday, hours after Vijayan moved the apex court seeking relief against the FIR order.

Pope Leo lung cancer raises serious questions about cancer risk for nonsmokers. Here's what researchers are saying
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Pope Leo had the lower lobe of his right lung removed after doctors identified a suspected cancerous nodule. The surgery confirmed he had adenocarcinoma, the most common type of lung cancer.

Centre amends rules to deploy private school teachers for census duty
Oct 16, 2026
Centre amends rules to deploy private school teachers for census duty

According to the gazette notification issued by the Registrar General of India, Mrityunjay Kumar Narayan, not only can teachers from government and aided institutions be roped in for census duty but the rules will also apply to teachers from private schools and colleges.

Centre amends rules to deploy private school teachers for census duty
Oct 16, 2026
Centre amends rules to deploy private school teachers for census duty

According to the gazette notification issued by the Registrar General of India, Mrityunjay Kumar Narayan, not only can teachers from government and aided institutions be roped in for census duty but the rules will also apply to teachers from private schools and colleges.

Canada resets India ties, PM Modi likely to visit in December
Oct 16, 2026
Canada resets India ties, PM Modi likely to visit in December

Prime Minister Narendra Modi is expected to visit Canada on December 11-12 to enhance bilateral relations. The trip aims to focus on key areas of cooperation such as trade, energy, and technology.

Canada resets India ties, PM Modi likely to visit in December
Oct 16, 2026
Canada resets India ties, PM Modi likely to visit in December

Prime Minister Narendra Modi is expected to visit Canada on December 11-12 to enhance bilateral relations. The trip aims to focus on key areas of cooperation such as trade, energy, and technology.

White House Press Secretary Katie Zacharia 'Let Go' from role
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White House Press Secretary Katie Zacharia 'Let Go' from role

Katie Zacharia has been dismissed from her role as White House Press Secretary after public scrutiny. President Donald Trump suggested to her that she reconsider her position due to the ongoing challenges. During a conversation with reporters, Trump emphasised that being in this role might not lead to happiness. He expressed concern about the difficulties associated with the job.

Supreme Court dismisses appeals by DCB Bank and UBS against Fortis audit
Oct 16, 2026
Supreme Court dismisses appeals by DCB Bank and UBS against Fortis audit

The Supreme Court recently dismissed appeals by DCB Bank and UBS Management Services regarding a forensic audit. This audit pertains to transactions linked to Fortis Healthcare and its former promoters. The audit was initially ordered by the Delhi High Court on August 31. The court emphasized that the audit was not a broad investigation into bank affairs. The ruling is significant in the ongoing arbitration case with Daiichi Sankyo.

Supreme Court dismisses appeals by DCB Bank and UBS against Fortis audit
Oct 16, 2026
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The Supreme Court recently dismissed appeals by DCB Bank and UBS Management Services regarding a forensic audit. This audit pertains to transactions linked to Fortis Healthcare and its former promoters. The audit was initially ordered by the Delhi High Court on August 31. The court emphasized that the audit was not a broad investigation into bank affairs. The ruling is significant in the ongoing arbitration case with Daiichi Sankyo.

Supreme Court seeks Centre's reply on social media curbs for kids
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The petition, filed by Emerald Heights International School, Indore, and its director Siddharth Singh, seeks comprehensive safeguards for children using social media platforms.

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