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Stock market recap: Seven of top-10 firms lose Rs 1.54 lakh crore
Seven of India's 10 most-valued companies saw their combined market valuation shrink by Rs 1.54 lakh crore last week, with Reliance Industries accounting for the biggest decline. The losses came during the holiday-shortened trading week in which the BSE Sensex fell 639.61 points, or 0.84%, while the NSE Nifty slipped 171.55 points, or 0.72%. Among the country's top 10 firms by market value, Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, Tata Consultancy Services (TCS), Bajaj...
Do Value Vectors in Deep Layers Need Context from the Residual Stream?
Announce Type: replace Abstract: The success of the transformer architecture as the backbone of modern LLMs is in large part due to its use of attention layers. An attention layer follows the standard neural network paradigm: it takes the residual stream as input and thereby produces context-dependent query, key, and value vectors. However, we find that model performance meaningfully improves when deeper layers learn only a context-free value vector to preserve the original token...
Do Value Vectors in Deep Layers Need Context from the Residual Stream?
Announce Type: new Abstract: The success of the transformer architecture as the backbone of modern LLMs is in large part due to its use of attention layers. An attention layer follows the standard neural network paradigm: it takes the residual stream as input and thereby produces context-dependent query, key, and value vectors. However, we find that model performance meaningfully improves when deeper layers learn only a context-free value vector to preserve the original token information,...
5 ways IBC transformed India's corporate rescue system over the past decade
Ten years ago, India's insolvency landscape was defined by stalled projects, endless litigation, weak recoveries and mounting bad loans. Companies remained trapped in legal limbo for years, banks struggled to recover dues, and distressed assets steadily lost value as cases moved through multiple forums. The Insolvency and Bankruptcy Code (IBC), enacted in 2016, was designed to change that.
Property and the budget ease pressure on the RBA
analysis Property and the budget ease pressure on the RBA as two banks cut fixed rates Tue 9 Jun 2026 at 4:50am The older you get, the more frenetic the pace of life seems to become. No matter where you look, social, political and economic change appears to be in overdrive, and the long periods of stability we once enjoyed are becoming increasingly short-lived. Just look at the Reserve Bank.
Dolphins, foxes and butterflies among animals which could feature on new UK banknotes
Dolphins, foxes and butterflies among animals which could feature on new UK banknotes The new designs will replace historical figures such as Winston Churchill, who have featured on banknotes since 2016 - Bookmark - CommentsGo to comments The familiar faces of historical figures on Bank of England banknotes are set be replaced by a vibrant array of British wildlife. Dolphins, foxes, butterflies, owls, bumblebees and sharks are among the animals that could appear on banknotes in the future....
Court awards Rs 2.5 lakh compensation as bank loses original land title document
The district consumer commission, Thrissur, has held the Central Bank of India liable for losing an original Pattayam (land title document) deposited as security for an agricultural loan, observing that the bank's negligence restricted the property owner to fully exercise her rights over the land. The commission directed the bank to pay Rs 2.5 lakh as compensation and Rs 10,000 towards litigation costs, both carrying interest at 9 per cent per annum until realisation. What was the dispute...