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2025-05-09 02:00:00| The Economic Times

State Bank of India and Yes Bank boards are convening Friday to finalize the sale of stakes to Sumitomo Mitsui Banking Corp. SMBC will acquire a 20% stake initially, potentially increasing to a majority, with SBI retaining a 10% share. The deal, subject to regulatory approval, could be India's largest bank M&A, with SMBC possibly gaining two board seats.

Category: News and Media

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2025-05-09 01:54:51| The Economic Times

India's Volatility Index surged over 10% on Thursday due to escalating India-Pakistan military conflict concerns, triggering a late sell-off in equities. The Sensex and Nifty both experienced declines, with the Nifty falling 140 points and the Sensex dropping 412 points. Heightened uncertainty among traders led to profit-taking, as the VIX jumped nearly 40% since April 15.

Category: News and Media

2025-05-09 01:37:28| BBC News | Business | World Edition

An arctic vault holds digital back-ups of some of humanity's great works of art, history and technology.

Category: News and Media

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