The dispute dates back to March 2020, when Yes Bank wrote down AT-1 bonds worth ₹8,415 crore to zero as part of its rescue and reconstruction, wiping out bondholders' investments.
The company is preparing for a potential November listing, seeking to convince investors that its rapid revenue growth and improving efficiency can sustain heavy spending on computing and research…
Gross direct tax collections rose 14.9% to ₹16.03 trillion, while refunds increased 24.2% to ₹2.65 trillion; STT receipts surged 51.6% to ₹46,840 crore during the period…
An IPO is a company's first sale of shares to the public. The grey-market premium is an unofficial pre-listing price signal, not a promise of listing gains.
Exam anglePrimary market: the company raises new capital. Secondary market: investors trade existing shares and the company receives nothing.
A bond's price and its yield move in opposite directions. When market yields rise, existing bonds paying lower coupons are worth less, so their prices fall.
Exam angle%ΔPrice ≈ −ModDur × Δyield + ½ × Convexity × (Δyield)². Longer-duration bonds fall more when yields rise.
Revenue is recognised when control of goods or services passes to the customer, not simply when cash arrives or a contract is signed.
Exam angleInd AS 115's five steps: identify the contract → performance obligations → transaction price → allocate it → recognise as each obligation is satisfied.
Telecom shares rose on Thursday, led by Bharti Airtel, as Jio Platforms’ IPO filing renewed investor focus on the sector. Jio plans to raise up to ₹30,213 crore in a fresh issue, with proceeds partly earmarked to repay subsidiary borrowings.
Oil prices retreat after WTI hit a 3-week high, as attacks on shipping near Hormuz raise supply concerns while Washington weighs easing sanctions on vessels to curb petroleum transport costs…
Commerce and Industry Minister Piyush Goyal on Thursday said the first phase of the India-US trade pact has been finalised and is undergoing legal drafting.
Merchandise exports rose to $44.40 billion in September from $43.81 billion in the previous month, while imports increased to $74.61 billion against $70.67 billion in August.
Power Secretary Pankaj Agarwal added that a data governance committee would also be set up at the national level which would be headed by Chairperson of the Central Electricity Authority.
Krishna Srinivasan, Director of the IMF's Asia and Pacific Department, said the updated methodology completely matches the advice provided by the IMF's statistics department.
The US Ambassador says India, US are complex economies and matching everything can’t happen overnight; Trump expected to decide on Russia sanctions measures within 10 days…
Akash Ambani said India's digital economy is expected to reach $1.4 trillion by FY31, adding that Jio Platforms expects to capture a significant share of the market.
Canadian billionaire Prem Watsa-led Fairfax will pay ₹81 per share, higher than the benchmark fair value of ₹75.99 determined by two independent valuation agencies…
State-owned BHEL on Wednesday reported a two-fold jump in consolidated net profit to Rs 820.94 crore for the September quarter, driven by higher income from key business verticals such as power and industry.
N S Kannan, former managing director and chief executive officer of ICICI Prudential Life Insurance and former chief financial officer of ICICI Bank, is proposed to become chairman…
Prime Minister Narendra Modi on Thursday virtually inaugurated five development projects covering airport infrastructure and strategic road connectivity in Ladakh worth around Rs 3,350 crore.
The U.S. military has reportedly drawn up options for strikes on Iran that include the potential use of one of the biggest non-nuclear bombs in its arsenal.
At least 29 children, most of them below the age of 13, and a teacher were killed and more than 40 people injured when the roof of a private school collapsed in Peshawar, the capital of Pakistan's Khyber Pakhtunkhwa province, on Thursday, police said.
India has called for action against hate-motivated violence after US authorities arrested a 19-year-old over an alleged plot targeting a Hindu temple in Illinois…
The network changes are taking place amid a rise in jet fuel price and continued closure of Pakistan airspace that has escalated costs for the airline…
Jensen Huang said Nvidia would first discuss concerns with an AI developer before considering a supply halt, as the chipmaker pledges $250 million over 5 years to support AI safety research in the UK…
The field trial brought together indigenous technology, academic research and real-world testing to advance secure communication systems for the quantum era…
Finance ministers gathering for the IMF annual meeting know the need for multilateral cooperation to deal with many crises. There is little chance of that Not much has gone right for the global economy this year, and plenty has gone wrong.
Today's editorials and columns examine US restrictions on Indian IT firms, India's public transport gaps, the Tata Sons leadership dispute, municipal governance under PRAGATI-50 and a book on Bastar…
A fight over a datacentre in Utah has been a testing ground for citizens’ assemblies, paving the way to oversight What’s your “(p)doom” – the percentage chance that rogue AI will create an existential catastrophe?
Insurers are taking on more risk than they should. If – or when – a major disaster hits, the catastrophe will have far-reaching consequences I work for a major insurer, assessing the risk posed by natural disasters on properties around the world, from family homes to…
The shift from software as a service to AI-enabled planning could move decision-making from fixed cycles to real time, but success will require the right governance, expertise, and…
Penske Automotive Group has agreed to be taken private by its biggest investors in a deal that gives the transportation-services company an enterprise value of about $16.3 billion.
Multiple banks are competing to join a $4.25 billion debt financing backing Curium’s acquisition of radiopharmaceutical company Lantheus Holdings Inc., before the deal is syndicated to investors next year.
UniCredit SpA is working on a potential deal to hedge €1 billion ($1.1 billion) in German home loans as it prepares to expand its footprint in Europe’s biggest economy.
European bond trading platform MTS SpA is an important strategic asset for Italy, Cassa Depositi e Prestiti SpA Chief Executive Officer Dario Scannapieco said.
Tech stocks plunged, led by a steep drop in South Korea’s benchmark index, as concerns over soaring A.I. spending and stubborn inflation fueled a sell-off.
IPO-bound Reliance Jio is looking to go beyond data connectivity by partnering with technology companies to create new markets, rather than simply distribute their products, Akash Ambani said on Thursday, citing the telecom operator’s collaboration with Google on its…
Sensex, Nifty, Share Prices Highlights: Indian equities rallied sharply despite a sell-off across Asian markets, as investors bought technology, private banking and defensive stocks.
Reliance Industries shareholders had to buy shares by October 13 to qualify for Jio Platforms’ Rs 2,500 crore shareholder quota. The IPO opens October 21, with shares priced at Rs 1,065-1,119 and listing expected October 28.
A year since its launch, the cricket-focused shoes and sports apparel company is taking performance-based running shoes to run clubs and marathoners and expanding into mass-priced cricket shoes.
