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The Supreme Court has held that a product’s tax classification must be determined by its physical form at the point of sale, not by how it may ultimately be used. The ruling came as the court dismissed revenue appeals seeking to classify Cadila Healthcare’s GRD Powder and GRD Mix as non-alcoholic beverages taxable at 10%.
Yes Bank is reviewing its legal and strategic options after the Supreme Court upheld a Bombay High Court ruling that quashed the lender’s March 2020 write-down of Additional Tier-1 bonds. The judgment keeps alive a long-running dispute over creditor rights, bank resolution powers and the treatment of hybrid capital instruments in India’s banking system.
The Supreme Court has upheld the Bombay High Court’s ruling that invalidated YES Bank’s write-off of Rs 8,415 crore in additional tier-1 bonds, delivering a major victory to bondholders who challenged the March 2020 restructuring. The decision strengthens the legal position of both institutional and retail investors seeking recovery, while reopening scrutiny of how the rescue of the private lender was executed.
S&P Global Ratings said India’s Supreme Court decision overturning Yes Bank’s write-off of 84 billion rupees in additional tier-1 bonds will not affect its credit rating on the lender. The ruling exposes procedural flaws in the 2020 resolution process, but S&P said Yes Bank is still expected to maintain adequate capitalisation even as the judgment creates an earnings overhang.
Yes Bank is assessing the financial fallout after a Supreme Court ruling overturned the earlier write-down of more than $800 million linked to additional Tier-1 bonds, a decision that could materially weaken the lender’s Common Equity Tier-1 capital buffer. Analysts say the verdict may pull the bank’s CET1 ratio down to roughly 11% to 11.5%, intensifying scrutiny over its capital position and balance-sheet resilience.
YES Bank said it is examining the Supreme Court’s ruling that overturned the write-off of Rs 8,415 crore in additional tier-1 bonds, a decision that revives a major liability question from the lender’s 2020 reconstruction. The bank said it will make the necessary disclosures in light of the judgment and maintained that it complied with all regulatory disclosure requirements during the litigation process.
The Supreme Court has upheld the Bombay High Court’s ruling that invalidated YES Bank’s write-off of Rs 8,415 crore in additional tier-1, or AT1, bonds, a move that had been part of the lender’s March 2020 reconstruction plan. The decision strengthens the position of institutional and retail bondholders, who now have a clearer legal route to seek recovery after years of uncertainty over the controversial wipeout.
The Supreme Court has upheld the Bombay High Court’s ruling that invalidated YES Bank’s write-off of Rs 8,415 crore in additional tier-1 bonds, a key element of the lender’s March 2020 rescue plan. The decision strengthens the position of institutional and retail bondholders seeking recovery and deepens scrutiny of how bank resolution measures were executed during the crisis.
Yes Bank shares plunged as much as 20% after India’s Supreme Court ruled that the bank’s write-off of Rs 8,415 crore in additional tier-1 bonds was unlawful, handing a major victory to bondholders. The decision could reverberate across India’s debt markets by sharpening scrutiny of how high-risk bank capital instruments are marketed, documented and extinguished in distress.
Yes Bank shares plunged as much as 20% after India’s Supreme Court ruled that the write-off of the lender’s Rs 8,415 crore additional tier-1 bonds was unlawful, handing a major victory to bondholders. The judgment is likely to reverberate across India’s banking and debt markets, sharpening scrutiny of how distressed banks treat hybrid capital instruments and how clearly such risks are disclosed to investors.
The Supreme Court has upheld the Bombay High Court’s ruling that invalidated YES Bank’s write-off of Rs 8,415 crore in additional tier-1 bonds, a move that had been part of the lender’s March 2020 rescue plan. The decision strengthens the position of institutional and retail bondholders, who had challenged the loss of their investments, and could reshape how stressed-bank resolutions handle hybrid capital instruments in India.
Delhi Police has told the Supreme Court that people detained on October 10 were provided hot, fresh and adequate meals, and that the only restriction imposed was on cellular internet access. The police chief argued the measures were preventive, aimed at preserving peace and tranquility in a sensitive part of New Delhi. The submission places the dispute squarely in the constitutional balance between public order and civil liberties.
Tamil Nadu Chief Minister M.K. Stalin has called on the state government to move the Supreme Court against a recent ruling that affects reservation benefits for converted Muslims, arguing that social backwardness is rooted in centuries of structural exclusion and is not erased by religious conversion. His intervention places the issue at the intersection of affirmative action, religious identity, and constitutional policy, with wider implications for reservation jurisprudence in India.
Tamil Nadu Chief Minister M.K. Stalin has called on the state government to move the Supreme Court against a recent ruling affecting reservation benefits for converted Muslims, arguing that social backwardness is inherited through long-standing structural discrimination and is not erased by a change of faith. His intervention places the issue at the intersection of affirmative action, religious identity, and the constitutional limits of reservation policy.
The Supreme Court is set to hear on October 15 a petition filed by Rahul Gandhi and other Opposition leaders challenging Chief Election Commissioner Gyanesh Kumar and the Special Intensive Revision process. The plea seeks disclosure of the Election Commissioners’ objections related to the SIR, placing the electoral review exercise under fresh judicial scrutiny. The case has sharpened the debate over transparency, voter roll integrity, and the Election Commission’s internal decision-making.
Petitions filed in the Supreme Court have accused Delhi police of excessive force during protests linked to the CEC, with detainees seeking an independent inquiry into the arrests and subsequent handling of their belongings. The petitioners have also asked for preservation of CCTV footage and the return of phones and other personal items, framing the case as one of accountability and procedural fairness.
India’s Supreme Court has mandated that insurance coverage must be extended to passengers buying railway tickets offline, ending a distinction that had so far benefited only online purchasers. The order, effective October 27, is expected to widen access to low-cost travel protection across the rail network and bring the offline booking system into line with digital ticketing practices.
The Supreme Court on Tuesday declined to grant an interim stay on the government’s new merchant discount rate framework that imposes a 0.4% charge on certain UPI transactions above Rs 2,000. The court issued notices to the Centre, the Reserve Bank of India, the National Payments Corporation of India and other respondents after a public interest litigation challenged the legality of the levy.
Questions are mounting over the legality and transparency of protest-related detentions in Delhi after a petition in the Supreme Court alleged that police failed to upload a prohibitory order on their website, even as they enforced curbs on the ground. Delhi Police say public warnings were issued through hoardings and announcements, but the dispute has sharpened scrutiny of how restrictions are communicated to citizens before arrests are made.
The Supreme Court has broadened its scrutiny of how police chiefs are appointed across India, directing its amicus curiae to work with the Union Public Service Commission and examine state police laws for possible violations of the court’s 2006 ruling on director general of police appointments. The move came after Jharkhand challenged what it described as the Centre’s “special affection” for certain states in the handling of top police postings, sharpening a long-running federal dispute over police autonomy and executive discretion.
The Supreme Court has signalled a fresh examination of state-level rules governing the appointment of Directors General of Police, asking whether they align with the 2006 Prakash Singh judgment that sought to insulate police leadership from political interference. A Bench headed by Chief Justice of India Surya Kant noted that the earlier ruling had prescribed a transparent selection process and a minimum two-year tenure for the police chief.
The Supreme Court on Monday declined to grant an interim stay on the government’s new merchant discount rate framework for certain Unified Payments Interface transactions above Rs 2,000, allowing the policy to remain on track for an October 15 rollout. The court issued notices to the Centre, the Reserve Bank of India, the National Payments Corporation of India and other respondents in a public interest litigation questioning the legality of the charge.
The Supreme Court on Monday declined to grant an interim stay on the government’s new merchant discount rate framework that imposes a 0.4% charge on certain Unified Payments Interface transactions above Rs 2,000. The court’s refusal keeps the policy on track for an October 15 rollout, while issuing notices to the Centre, the Reserve Bank of India, the National Payments Corporation of India and other respondents in a public interest challenge to the levy.
The Supreme Court has ruled that tax classification must be determined by a product’s physical form at the point of sale, not by how it may ultimately be used. In a significant setback for the revenue department, the court dismissed appeals seeking to tax Cadila Healthcare’s GRD Powder and GRD Mix as non-alcoholic beverages at 10%.
The Supreme Court has declined to grant an interim stay on the government’s new merchant discount rate framework for select UPI transactions above ₹2,000, allowing the policy to remain on track for an October 15 rollout. The court, however, issued notices to the Centre, the Reserve Bank of India, the National Payments Corporation of India and other respondents after a public interest litigation challenged the legality of the levy.
The Supreme Court on Monday declined to grant an interim stay on the government’s new merchant discount rate framework for certain Unified Payments Interface transactions above Rs 2,000, allowing the policy to remain on track for an October 15 rollout. The court issued notices to the Centre, the Reserve Bank of India, the National Payments Corporation of India and other respondents after a public interest litigation challenged the legality of the levy.
The Supreme Court has dismissed a petition seeking directions to make recitation of the Constitution’s Preamble compulsory during morning assemblies in schools. During the hearing, counsel for the petitioner argued that the request was aimed at strengthening constitutional values among students, while the Court noted that the Preamble is already covered in classrooms. The ruling underscores judicial restraint in matters of school curriculum and institutional policy.
The Supreme Court has declined to halt proceedings linked to the Nicobar mega-project, leaving intact a legal challenge that questions the diversion of more than 130 square kilometres of pristine tropical forest. The petitions before the Calcutta High Court argue that the project violates the Forest Rights Act and threatens the cultural survival of the Shompen and Nicobarese communities.
The Supreme Court has refused to stay proceedings in a challenge to the Nicobar project, allowing the case to continue in the Calcutta High Court. The petitions argue that the diversion of more than 130 square kilometres of pristine tropical forest violated the Forest Rights Act and endangered the cultural and ecological survival of the Shompen and Nicobarese communities.
A fish specimen long overlooked in a museum drawer for roughly 150 years has been identified as a crucial fossil that helps bridge a 50-million-year gap in the evolutionary record. The find underscores how climate-era biodiversity research increasingly depends on historical collections, where overlooked specimens can still reshape scientific understanding.
General Motors says it is preparing to bring more hybrid vehicles to market, acknowledging that customer demand is shifting faster than some automakers expected. The move underscores a broader industry recalibration as buyers continue to favor hybrids for their lower fuel costs and reduced range anxiety, even as the long-term transition to fully electric vehicles remains intact.
A new Stanford-led study is challenging a long-held assumption in neuroscience by arguing that the human brain may be better understood as two distinct systems rather than a single unified organ. The finding could reshape how researchers think about development, cognition, and diseases that affect one brain system more than the other.
The Supreme Court on Tuesday declined to grant an interim stay on the government’s new merchant discount rate policy that imposes a 0.4% charge on certain Unified Payments Interface transactions above ₹2,000. The court issued notices to the Centre, the Reserve Bank of India, the National Payments Corporation of India and other respondents after a public interest litigation challenged the legality of the levy, which is scheduled to take effect on October 15.
Shiv Sena corporator Ramesh Mhatre surrendered before the Thane trial court on Monday after the Supreme Court cancelled his bail in the doctor assault case, marking a sharp reversal in a politically sensitive criminal proceeding. The top court’s order also affected his associates, Ramesh Pawar, Pramod alias Prakash Nikam, and Akshay Sharad Karande, intensifying scrutiny of the case and the conduct of the accused.
Nomura said the Reserve Bank of India’s surprise 25-basis-point repo rate cut to 6.25 percent marks a meaningful shift in the central bank’s policy stance and weakens the contours of its earlier framework. The brokerage argued that the move, announced on Tuesday, suggests the RBI is prioritising growth support more clearly than before, even as inflation remains a key constraint.
Supreme Court judge Justice Ujjal Bhuyan has sharply questioned the legal framing of the Special Intensive Revision (SIR), saying the right to vote or to be a voter is not merely a statutory entitlement flowing from the Representation of the People Act, 1951. His remarks add judicial weight to an intensifying debate over the constitutional character of electoral participation and the limits of administrative power in voter-list exercises.
The English-Telugu film 'Impure' uses the familiar language of adolescence to stage a sharper argument about class, gender and self-invention. Framed around two female cousins and their shared male friend, the film plays like a Jane Austen-inspired social comedy that gradually reveals its more pointed satirical edge.
The Supreme Court has refused to grant an interim stay on the government’s new merchant discount rate policy that introduces a 0.4% charge on certain UPI transactions above ₹2,000, allowing the measure to remain on track for an October 15 rollout. The court, however, has issued notices to the Centre, the Reserve Bank of India, the National Payments Corporation of India and other respondents after a public interest litigation challenged the legality of the levy.
The Supreme Court has declined to halt, at least for now, the government’s new merchant discount rate policy that imposes a 0.4% charge on certain Unified Payments Interface transactions above ₹2,000. The court issued notices to the Centre, the Reserve Bank of India, the National Payments Corporation of India and other respondents after a public interest petition challenged the legality of the levy, which is scheduled to take effect on October 15.
Five workers were killed and more than 10 others injured after a boiler explosion ripped through a manufacturing facility in the Sri City Special Economic Zone in Andhra Pradesh, triggering a major emergency response. The government has announced an ex gratia payment of ₹50 lakh to the next of kin of each deceased worker and constituted a high-level committee to investigate the cause of the disaster.
Union Home Minister Amit Shah has congratulated India’s security and investigative agencies after the successful extradition of alleged narco-trafficking kingpin Navpreet Singh from Turkey, describing the operation as a major enforcement milestone. The development underscores India’s expanding cross-border law-enforcement reach and the growing use of international cooperation to pursue fugitives linked to organized crime.
A new report on Meta’s latest AI advances suggests the company’s technology could accelerate the production of machine-generated content at a scale that reshapes what users see, share and trust online. The development lands as Indian consumer brands continue to reinterpret khadi for modern buyers, highlighting how technology and heritage-led commerce are both being reimagined for a faster, more fragmented digital economy.
The Supreme Court on Friday declined to grant an interim stay on the government’s new merchant discount rate policy that imposes a 0.4% charge on certain Unified Payments Interface transactions above Rs 2,000. The court issued notices to the Centre, the Reserve Bank of India, the National Payments Corporation of India and other respondents as a public interest challenge questions the legality of the levy ahead of its October 15 rollout.
India’s women’s recurve team delivered a landmark upset at the Asian Games, ending South Korea’s 28-year dominance in the event with a composed and tactically disciplined performance. Korea, under visible pressure after starting the set, produced its lowest score of the week as India seized a breakthrough victory with major historical significance for the sport.
Taiwanese boxer Lin Yu-ting captured a second Asian Games gold medal on Saturday, defeating China’s Yang Chengyu 5-0 in the women’s 60kg final in Nagoya. The victory adds another major title to Lin’s career and arrives against the backdrop of an intense and long-running gender eligibility debate that has followed her through elite competition.
The race to build AI products for Indian consumers is colliding with a hard reality: what works in wealthy, English-speaking markets does not automatically work at India’s scale. For startups, the central challenge is not only model quality, but whether products can be delivered cheaply, reliably and in languages and interfaces that millions of users actually adopt. The question now facing founders and investors is whether voice, vernacular design and sharply lower unit economics can turn AI from a demo into a durable business.
India’s power consumption rose 11.35% year-on-year to 162.19 billion units in September, reflecting firmer underlying demand even as usage tapered in the second half of the month. Analysts expect industrial and commercial activity, along with festival-season demand, to help sustain electricity consumption in the near term.
India’s gross Goods and Services Tax (GST) collections climbed 14.7% year-on-year in September to more than ₹2.03 lakh crore, underscoring resilient consumption and stronger tax compliance. The increase was driven by both domestic activity and imports, with import-linked revenues rising sharply even as domestic collections continued to expand at a steady pace.
India’s used-car market is increasingly being reshaped by digital platforms that bundle financing into the purchase journey, offering pre-approved loan options and clearer fee disclosures. The shift is helping buyers compare interest rates, assess eligibility and avoid the paperwork-heavy process that still defines many traditional bank loans.
Swiss logistics group Kuehne+Nagel has opened a technology centre in Chennai as it deepens its India footprint and expands digital capabilities to support global operations. To accelerate the launch and staff ramp-up, the company is working with Accenture on workforce build-out, underscoring the growing role of India as a delivery base for enterprise technology and logistics services.
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