The Supreme Court on Friday agreed to list for an early hearing the appeal of US-based creditor Glas Trust Company LLC against a judgment of the NCLAT, which had stayed insolvency proceedings against ed-tech firm BYJU's and approving its Rs 158.9 crore dues settlement with the BCCI.

A bench comprising Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra was urged by senior advocate NK Kaul, appearing for the ed-tech major, that the case needed to be heard at the earliest.

India's rupee became the second worst Asian currency in August, after Bangladesh's Taka. While most Asian currencies gained against the dollar, both Rupee and Taka weakened. The Indian unit was down 0.17 per cent in August and 0.13 per cent in September so far against the dollar. While the currency weakened in the last two months, the Reserve Bank of India’s intervention ensured that volatility was least as the currency traded in a tight range. Intervention also prevented the rupee from hitting the psychological level of 84 per dollar.

Investors' wealth plummeted by Rs 4.12 trillion during the morning trade on Friday as markets faced a massive correction tracking a weak trend in global peers and fresh foreign fund outflows.

Falling for the third day running, the 30-share BSE Sensex tanked 896.7 points or 1.09 per cent to 81,304.46 during the morning trade.

The Directorate of Enforcement (ED) carried out raids at the residence of former principal of RG Kar medical college and hospital, Sandip Ghosh, among othre places in Kolkata in a case pertaining to the financial irregularities in the RG Kar Medical College and Hospital.

The Goods and Services Tax (GST) Council in its meeting on Monday is likely to decide on four options regarding tax treatment of health insurance, with the cost to the exchequer potentially ranging from nearly Rs 650 crore to Rs 3,500 crore.

These four options have emerged from a detailed analysis by the Council’s fitment panel, which includes revenue officials from both central and state governments, and follow a request from the Department of Financial Services (DFS) to reduce taxes on health insurance products to make them more affordable and accessible.

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