The Madras High Court has directed the Reserve Bank of India (RBI) to reassess the shares and assets of Lakshmi Vilas Bank (LVB) and DBS Bank India Limited (DBIL) before the amalgamation and make a fresh decision on reducing share value and writing off Tier II bonds. The court emphasized the need for transparency in the merger process, highlighting that the RBI should not have rushed through it without disclosing reasons for rejecting objections.
A woman suing Jackson, Mississippi, over her brother’s death has rejected a settlement after the city publicly disclosed the amount, violating a confidentiality agreement. The payment, approved unanimously by the City Council, was for $17,786. The family’s attorney stated they will continue suing due to the breach and the city’s perceived inference of victory. The lawsuit alleges officers brutally beat George Robinson, who later died from brain bleeding. A former detective was initially convicted of culpable negligence manslaughter but had his conviction overturned on appeal.
Holly Willoughby is facing a crisis of trust after confidential salary information for her new Netflix show was leaked, reportedly upsetting Netflix and leaving her feeling betrayed. Sources claim the leak has put her future with the streaming giant in jeopardy, as she fears burning bridges early on in their partnership. Despite her professionalism and desire to be seen as a valuable asset, the disclosure has caused embarrassment and concerns about her ability to maintain confidentiality.
