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SBI and a group of private banks are poised to receive a tax exemption on 13,483 crore income from selling their stake in Yes Bank to SMBC. The Yes Bank Reconstruction Scheme, 2020, exempts banks from capital gains tax on profits from the share sale. This deal marks Japan's largest bank's entry into India.
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News and Media
BlackRock Inc. is set to invest up to 500 million in the UK's data center market, coinciding with CEO Larry Fink's participation in President Trump's state visit. The asset manager has acquired a west London site to launch Digital Gravity Partners, focusing on underutilized data centers.
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News and Media
US Deputy Secretary of State Christopher Landau expressed regret over the detention of South Korean workers in Georgia. He assured that the returning workers would face no re-entry disadvantages. Discussions focused on appropriate work visa issuance, acknowledging Korean companies' role in US manufacturing. South Korea seeks a dedicated visa quota, addressing a frustration despite the existing free trade agreement.
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News and Media
Iran's Supreme National Security Council cautioned that European threats to reinstate UN sanctions could endanger efforts to restore international monitoring of its nuclear program. The Council stated that recent agreements with the IAEA, aimed at resuming inspections, would be suspended if hostile actions, including reimposing lifted sanctions, occur.
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News and Media
Sushila Karki became Nepal's interim prime minister. She promised to address corruption following youth-led protests. Demonstrations erupted due to a social media ban and economic issues. The unrest resulted in numerous deaths and injuries. Army Chief Ashok Raj Sigdel and President Ram Chandra Paudel negotiated Karki's appointment. Activists nominated Karki through Discord.
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News and Media
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