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Yes Bank's board has approved a plan to raise funds. The bank aims to secure 7,500 crore through equity and 8,500 crore via debt instruments in fiscal year 2026. This fundraising will occur in stages, both domestically and internationally. Sumitomo Mitsui Banking Corporation will increase its stake in Yes Bank.
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News and Media
BofA Global Research's Claudio Irigoyen suggests the US dollar will likely remain soft without a major collapse. Rising US treasury yields reflect recalibrated expectations due to fiscal and policy uncertainties, impacting consumer and business sentiment. Portfolio rebalancing by global investors, shifting away from US assets, further contributes to the dollar's struggle.
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News and Media
Analysts are raising earnings per share (EPS) estimates for many large companies after Q4, reversing previous downgrades. This positive shift is attributed to increased government spending and a rise in consumer demand. The Nifty's EPS is projected to grow significantly, driven by accommodative monetary policy and continued government investment, boosting investor confidence.
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News and Media
Gold jewellery sales in India plummeted by 30% recently, averaging 1,600 kg, as prices surged nearly 5%. This decline is attributed to rising gold prices, which dampened consumer demand despite an initial boost following Akshaya Tritiya.
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News and Media
Ericsson Vodafone Idea stake sale: Ericsson India offloaded its 0.6% stake in Vodafone Idea, selling 63.37 crore shares at Rs 6.76 apiece via a bulk deal, raising Rs 428.43 crore. Buyer details remain undisclosed.
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News and Media
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