The Supreme Court of India upheld the Bombay High Court's decision quashing the 2020 write-off of ₹8,415 crore in additional tier-1 bonds issued by Yes Bank (Yes Bank). The court ruled that the bank's administrator lacked the authority to extinguish the bonds under the final reconstruction scheme, strengthening bondholders' claims
The Supreme Court issued notices to the Election Commission of India, Delhi Police and opposition leaders, including Rahul Gandhi and Akhilesh Yadav, in separate petitions concerning electoral-roll revision and protests held in Delhi on October 10–12. The court also directed the preservation of CCTV footage linked to allegations of police excesses
The Supreme Court ruled that a person converting from Hinduism to Islam cannot automatically claim backward-class reservation benefits in the new religious community solely on the basis of their previous caste status. The judgment upheld the Madras High Court's decision striking down a 2024 Tamil Nadu government order that permitted such certification for specified communities
The Election Commission of India ordered a Special Summary Revision of electoral rolls in 14 states and three Union Territories, using January 1, 2027, as the qualifying date for voter eligibility. The draft rolls are scheduled for publication on November 12, claims and objections will be accepted until December 11, and the final rolls are due on January 4, 2027
India's merchandise trade deficit widened to $30.21 billion in September from $26.86 billion in August, as imports reached $74.61 billion against exports of $44.40 billion. For April–September, combined goods and services exports rose 13.84% year-on-year to $476.20 billion, while imports increased 15.68% to $551.13 billion
A statewide bandh disrupted normal life in parts of Punjab on Thursday following the October 13 killing of anti-drug activist Parvinder Singh Jhota in Mansa, with shops and schools closed and roads blocked in several areas. Police suspended the Mansa City-2 station house officer and booked two additional people in the case, while the victim's family and protest organisers continued demanding a CBI investigation
The India Meteorological Department announced the withdrawal of the southwest monsoon and the onset of the northeast monsoon over southern India. The forecast warned of heavy rainfall in parts of Tamil Nadu, Puducherry, Andhra Pradesh, Kerala and Karnataka during the coming days
Wipro (Wipro) reported a 9.1% year-on-year rise in September-quarter revenue to ₹24,752.7 crore, but net profit declined 1.9% to ₹3,199.7 crore
Tech Mahindra (Tech Mahindra) reported a 32.7% year-on-year increase in consolidated net profit to ₹1,585.6 crore for the September quarter, while revenue rose 15.6% to ₹16,180 crore. The company announced an interim dividend of ₹15 per share and a one-for-one bonus issue
The rupee strengthened for a fourth consecutive session, closing 0.1% higher at ₹95.055 against the US dollar. A Reuters report citing bankers estimated that the Reserve Bank of India had deployed around $75–80 billion through dollar sales and swaps since June 8 to support the currency
Indian equities rallied sharply on Thursday, with the Sensex gaining 1,533.72 points, or 2.11%, to close at 74,315.61 and the Nifty 50 rising 374.65 points, or 1.66%, to 22,997.35. Buying in information technology, banking and automobile shares supported the recovery despite continued foreign-investor selling
Indian shuttler Jagsher Singh Khangurra secured a medal at the BWF World Junior Championships in Cairo by defeating Chinese Taipei's Yuan-Syue Jhuang 6–15, 17–15, 15–12 in the boys' singles quarterfinal. Khangurra will face Indonesia's Radithya Bayu Wardhana in Saturday's semifinal
Punjab FC defeated Odisha FC 2–1 in their opening match of the Indian Super League season. Raphael Eric Messi Bouli scored the winner in the sixth minute of stoppage time to secure all three points for Punjab FC
Supreme Court held that an undertiral, even in special laws such as PMLA, cannot be kept in jail till the trial is complete and stringent bail conditions cannot be used to deprive them of their rights
Calcutta HC tells Bengal government that stifling the voice of other parties is not democracy. The observation was made in the case of the CPM not being able to have a book stall at a Bongaon pujo near the Bangladesh border