Indian commercial banks wrote off Rs 12.3 lakh crore in loans between FY15 and FY24. Public sector banks accounted for Rs 6.5 lakh crore of write-offs in the last five years. Write-offs peaked in FY19 at Rs 2.4 lakh crore and fell to Rs 1.7 lakh crore in FY24. Banks continue recovery efforts despite write-offs, which do not waive borrower liabilities.
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Bill Gates reportedly gifted his daughter Jennifer a $15.82 million horse farm in North Salem, Westchester, following her Stanford graduation in 2018. The estate, equipped with equestrian facilities, supports Jennifer's passion for competitive horse riding. This purchase contrasts with Melinda Gates' past statements emphasizing a modest upbringing for their children, sparking discussions about wealth and values within the family.
Allahabad HC ruled in favor of a 17-year-old rape survivor, allowing her to terminate her 19-week pregnancy under the Medical Termination of Pregnancy Act. The court stated that a sexual assault victim has the right to choose whether or not to become a mother.
Elon Musk's new display picture on X features him with a red metallic chainsaw, a gift from Argentine President Javier Milei. The chainsaw is engraved with the slogan 'Viva la libertad, carajo.' Musk, supporting Milei's libertarian policies, embraces his role in the Trump administration's Department of Government Efficiency (DOGE) and promotes reducing federal bureaucracy.
Heavy snowfall has severely disrupted life in Kashmir, affecting travel, power supply, and infrastructure. With around 17 inches of snow recorded in some areas, the Jammu-Srinagar Highway and train services are suspended. The region faces power outages and ongoing road clearance efforts, amidst the harsh 'Chillai-Kalan' winter period.
Delhi University is ready to show Prime Minister Narendra Modi's degree records to the Delhi High Court but not disclose them under the Right to Information (RTI) Act due to privacy concerns. Solicitor General Tushar Mehta argued that the right to privacy supersedes the right to know.
The Enforcement Directorate has filed a chargesheet against Congress leaders Sonia and Rahul Gandhi in the National Herald case, prompting a sharp reaction from the party, which called it a "state-sponsored crime." In other news, Assam has made Assamese the compulsory official language for government work, while India leads global market recovery after rebounding from Trump's tariff shock.
Jasprit Bumrah dispelled fitness concerns with a full training session at the Gabba ahead of the third Test against Australia. He bowled at full tilt, including a spell with the new ball to Rohit Sharma, hinting at Sharma's return to the opening slot. Bumrah had an injury scare when he broke down briefly during the second Test in Adelaide
Tragedy struck a Christmas market in Magdeburg, Germany, when a car plowed into a crowd, leaving two dead, including a child, and at least 68 injured, 15 critically. The black BMW sped 400 meters towards the town hall before hitting market-goers. Disturbing videos circulating online appear to show the horrific incident.
Shyam Benegal, starting from scratch in cinema, discovered talents like Naseeruddin Shah, Shabana Azmi, and Smita Patil in the '70s art film movement. Naseeruddin Shah got noticed despite his unconventional look, while Smita Patil's TV presence captivated Benegal. Shabana Azmi, though not the first choice for Ankur, impressed Benegal, leading to her significant roles.
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, tanked in opening trade on Monday. While BSE Sensex dipped over 500 points, Nifty50 went below 22,650.