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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.
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.
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