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Mizuho Financial Group is set to acquire KKR-backed Avendus Capital for $700 million, marking Mizuho's largest investment in India. The deal involves KKR's exit and will give Mizuho up to 70% ownership. Avendus founders, excluding Ranu Vohra, will remain invested and manage the company, continuing its operations across financial services in India, the US, and Singapore.
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News and Media
Loan loss provisioning by banks, especially private sector banks, increased in the March 2025 quarter due to higher slippages and asset quality pressure in microfinance loans. NPA provisioning rose sequentially and year-on-year, with 22 banks reporting an increase. Stress in the microfinance portfolio is expected to continue, potentially leading to further slippages in the coming quarters.
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News and Media
President Trump's travel ban, affecting citizens from 12 countries, is set to take effect, aiming to protect the U.S. from perceived terrorist threats. The ban, which restricts entry and imposes partial restrictions on several nations, has sparked dismay and disbelief internationally. Chad has retaliated by halting visas for U.S.
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News and Media
Chad's President, Mahamat Idriss Deby, announced a visa suspension for U.S. citizens. This is in response to the U.S. travel ban. Donald Trump had banned citizens from twelve countries, including Chad. He cited deficient screening as the reason. Other African nations like Republic of Congo and Sierra Leone reacted differently. Republic of Congo believes there was a misunderstanding.
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News and Media
Markets may enter a consolidation phase despite a better-than-expected Q4, says Sneha Poddar of Motilal Oswal. She expects real earnings momentum to emerge only in H2FY26, with Q2 likely marking the bottom. Time correction may continue as fresh triggers remain limited. Meanwhile, downgrade pressures may ease as global cues, including China and trade tensions, show signs of stabilizing.
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News and Media
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