Even as Sumitomo Mitsui Banking Corp (SMBC) signs up to buy a 20% stake in Yes Bank, it may be interesting to see if this opens a new chapter for foreign bank entry into India. The gains are clear for
Leading urban centers, or first-tier cities, like Beijing, Shanghai, Shenzhen, and Guangzhou are showing signs of a revival after the downturn of previous years while smaller cities, or those in the lower tier, aren’t. The divergence is born from a
The domestic stock market this week would monitor the geopolitical developments after India and Pakistan reached an understanding to stop military actions, analysts said. Illustration: Uttam Ghosh/Rediff Moreover, macroeconomic data announcements, Q4 earnings, trading activity of foreign investors and global
Billionaires Mukesh Ambani and Gautam Adani have pledged their support to the Indian armed forces, who are currently repelling intense shelling, gunfire, and drone attacks from Pakistan. Photograph: ANI Photo “We are very proud of our Indian Armed Forces for
Stock market benchmark indices Sensex and Nifty tumbled over 1 per cent each on Friday as tensions soared between India and Pakistan, fuelling fears of a wider conflict. Photograph: ANI Photo Extending its previous day’s decline, the 30-share BSE benchmark
Food delivery aggregator Swiggy saw its loss widen for the fourth quarter (January-March) of financial year 2024-25 (Q4FY25). Photograph: Framcis Mascarenhas The firm reported a consolidated loss of Rs 1,081.1 crore for the quarter, compared to a loss of Rs
Digital navigation firm CE Info Systems Ltd, which operates under the MapmyIndia brand name, on Friday (May 9) reported a 28.2% year-on-year (YoY) surge in net profit at ₹48.6 crore for the fourth quarter that ended March 31, 2025. In
Corporate spreads have narrowed, and Treasury yields are less volatile, soothed by positive talk on tariffs. Stocks have recovered from their April 2 “Liberation Day” losses, but the dollar remains under pressure. Gold is the safe haven of choice. But
India’s forex reserves dropped Rs 2.06 billion to Rs 686.06 billion for the week ended May 2, the RBI said on Friday. Illustration: Dado Ruvic/Reuters In the previous reporting week, the overall kitty had increased Rs 1.98 billion to Rs
Indian Oil Corporation (IOC), the nation’s largest oil firm, on Friday said ample stocks of petrol, diesel and cooking gas LPG are available in the country and there is no need for panic buying of fuel. Photograph: Francis Mascarenhas/Reuters The
