Interesting News
![aritcles[0].caption](https://bl-i.thgim.com/public/incoming/mcbmw1/article71593124.ece/alternates/LANDSCAPE_1200/2025-05-06T034113Z_1541496622_RC2AQ9AZ06Z4_RTRMADP_3_YES-BANK-STAKE-SMBC.JPG)
SC verdict on YES Bank AT1 bonds brings relief for mutual funds, retail investors
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
Kotak MF suspends fresh investment in medium term, credit risk funds
The decision follows the Supreme Court judgement ruling that YES Bank’s write-off of ₹8,415 crore in Additional Tier-1 bonds was illegal and arbitrary
Houthis strike Saudi Aramco headquarters, damaging top floors in Dhahran
The attack comes amid intensifying cross-border strikes, mounting pressure on Saudi air defences and renewed diplomatic efforts to secure a ceasefire.
CoreWeave stock wipeout exposes divide between AI fear and greed
CoreWeave Inc. is navigating turbulent stock trends due to climbing bond yields and investor trepidation over its debt, raising fears of default. Although a temporary boost followed optimistic comments from Nvidia's CEO, the overall sentiment leans towards caution. Analysts believe that while funding needs are pressing, robust AI demand could mitigate rate worries. Furthermore, CoreWeave's alliance with Nvidia may be a vital source of financial support in these unpredictable conditions.
Sitharaman pitches rupee mechanism to bridge global forex crunch, trade disruptions
Settlements in rupees could help countries sustain trade despite forex squeezes, while signalling optimism on a new India-US trade accord
Recent News
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.
