What Reliance’s ₹20 Flavoured Milk Actually Changes

In this episode of Markets Today, we decode 3 big stories — Supreme Court ruling the YES Bank AT-1 bond write-off illegal, Reliance entering the flavoured milk market at ₹20 to take on Amul and Mother Dairy, and Sunil Mittal's sharp response to Elon Musk's Starlink allegations.

YES Bank's ₹8,415 Crore Supreme Court Shock Court ruled the 2020 AT-1 bond write-off illegal, and the stock fell 20% intraday to ₹16.96. If the bank must recognise ₹8,415 crore in obligations, capital adequacy and shareholders face dilution pressure.

Reliance Launches ₹20 Joyland Flavoured Milk Starting in Tamil Nadu, but unlike Campa, ₹20 isn't a disruptive price here as Amul, Mother Dairy and Cavin's are already present. The real test is taste, distribution and brand appeal.

Mittal Fires Back At Musk On Starlink Mittal says OneWeb applied 5 years ago and is ahead in the approval queue. All three players still need final security clearances and spectrum allocation.