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    Why India’s new closing auction is agonising traders: Q&A

    India’s new 20-minute closing auction system is facing renewed scrutiny after the Sensex briefly plunged nearly 3% during Thursday’s session, highlighting concerns over thin liquidity and price volatility. Introduced on August 3 to improve price discovery and align India with global markets, the system has also come under SEBI’s lens following an alleged market-manipulation case.

    99.97% haircut? How the scissors worked in the Subhash Chandra case

    NCLT has approved a resolution plan allowing Zee founder Subhash Chandra to pay about ₹6.5 crore against ₹22,006.57 crore in admitted claims in insolvency case. The 99.97% haircut has sparked controversy, but the claims relate to his role as a personal guarantor, not personal borrowing. Creditors can retain recovery rights against the principal borrowing companies.

    The most expensive half-sentence in market history, and Warren Buffett wrote the other half

    He wrote it as a caution. Somebody published just one half of it. A great many investors acted on the half they were shown. Warren Buffett was angry enough to still be writing about it a year later, and he did something he almost never does. He worked out what it had cost them.

    'Indian debt resolution justice," Vijay Mallya alleges denial of justice, raises debt resolution questions

    In December 2025, Mallya had questioned the Central government and public sector banks over what he described as inconsistent statements on the amounts recovered from him, and demanded the appointment of a retired judge to investigate the matter.

    Four dams built on the Klamath River between 1918 and 1966 made power, not water storage; in 2024, the last came down, reopening 420 miles of salmon habitat

    In a groundbreaking initiative, four dams on the Klamath River spanning California and Oregon have been dismantled after a century of existence, revitalizing roughly 420 miles of crucial salmon habitat. Following years of intense discussions, the demolition was completed in October 2024. Experts predict a resurgence in salmon populations over the next twelve to twenty-five years as ongoing restoration efforts, costing millions, take effect.

    In 1999, a small unit mismatch sent NASA's Mars Climate Orbiter deep into the Martian atmosphere and led to the failure of the mission

    In 1999, a small unit mismatch sent NASA's Mars Climate Orbiter deep into the Martian atmosphere and led to the failure of the mission. The spacecraft received correct commands and survived its journey from Earth, but ground software used pound-force-seconds while navigation software expected newton-seconds. The resulting error changed the predicted trajectory and sent the spacecraft below its planned Mars orbit.

    The Economic Times
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