'It is not looking at valuation, but investment, growth and ultimately better profit for stakeholders.'
Months after picking up 24.21 per cent stake in private sector lender Yes Bank, Japan's Sumitomo Mitsui Banking Corporation (SMBC) has received the Reserve Bank of India's (RBI's) in-principle approval for setting up a wholly owned subsidiary (WOS) in India.
After two years of strong gains, smallcap stocks fell sharply in 2025, but the correction may be setting up opportunities for long-term investors.
Cleaner balance sheets, regulatory support and strong growth prospects helped Indian private banks attract over $6 billion in foreign capital, with more deals expected in 2026.
Leading non-banking financial company (NBFC) Shriram Finance on Friday said Japan-based MUFG Bank would invest Rs 39,618 crore, or $4.4 billion, to acquire a 20 per cent stake on a fully diluted basis through a preferential issue of equity shares.
Private-sector lender Federal Bank on Friday announced that New York-based Blackstone will invest Rs 6,196.51 crore in the bank through its affiliate Asia II Topco XIII Pte Ltd via a preferential issue on a private placement basis.
But selectively, with regulatory scrutiny and special approval, points out Tamal Bandyopadhyay.
From tackling visa woes to admission counselling, rediffGURU Dr Karan Gupta helps you choose the right course and country to study abroad.
The 18-year-old Gukesh is the youngest ever challenger for the crown and had won the third game on Wednesday.
The drawn match left both the players on an identical tally of 4.5 points each, still shy of 3 points in order to win the championship.
Emirates NBD is a banking group and a market leader across core business lines and is the leading retail banking franchise in the United Arab Emirates and is also a major player in the corporate banking arena.
India's D Gukesh outplayed Ding Liren to seize a 6-5 lead in the World Chess Championship final
The second, fourth, fifth and sixth games had ended in draws.
Gukesh secured a decisive victory in just 37 moves, showcasing his exceptional tactical prowess and strategic acumen.
Indian Grandmaster D Gukesh, the youngest player ever to qualify for the World Chess Championship, held defending champion Ding Liren to a draw in their fourth-round encounter in Singapore on Friday.
Adani Green Energy Ltd, the renewable energy arm of billionaire Gautam Adani's conglomerate, plans to raise $409 million through US dollar-denominated bonds to repay a debt obligation falling this year. In a regulatory filing, the company said the bond will have a door-to-door tenor of 18 years. The proceeds will be used to redeem the $500 million 6.25 per cent senior secured notes due 2024, it said adding these notes were issued on June 10, 2019.
Investments worth more than Rs 80 trillion are expected in roads, railways and urban infrastructure between now and FY30 and the supply chains helping to build this core infrastructure are also readying to cash in on the growth. In the first half of the current financial year, orders worth more than Rs 2.6 trillion were tendered in the roads and railways segment alone, according to data sourced from ICRA Ratings and Research. "India's transportation infrastructure sector is in high gear, and we enjoy a sizable share of it," said S V Desai, whole time director and senior executive vice president (Civil Infrastructure) for Larsen & Toubro.
Adani Ports and Special Economic Zone will prepay $195 million of debt due in 2024 as the conglomerate helmed by Gautam Adani looks to boost investors' confidence post being targeted by a US short-seller. In a stock exchange filing, APSEZ said it will buy back $195 million of bonds due in 2024 using its cash reserves. Out of the $520 million principal outstanding, $325 million will be left after the buyback, it said.
Billionaire Gautam Adani's group on Tuesday said it will prepay $130 million of debt as it looks to boost investor confidence post being targeted by a US short-seller. Adani Ports and Special Economic Zone, the ports company of the Adani Group, had last month floated a tender to buy back as much as $130 million of its July 2024 bonds and similar amounts in each of the next four as it looked to regain investor confidence by showing that its liquidity position is comfortable. In a stock exchange filing, APSEZ said an aggregae principal amount of $412.7 million was validly tendered.
Adani Ports and Special Economic Zone (APSEZ) on Monday started the first debt buyback programme since billionaire Gautam Adani's conglomerate was targeted by a US short-seller in January. APSEZ floated a tender to buy back as much as $130 million of its July 2024 bonds and similar amounts in each of the next four quarters, it said in an exchange filing, as it looks to regain investor confidence by showing that its liquidity position is comfortable. Shares of Adani group companies pummelled after Hindenburg Research in a January 24 report accused it of accounting fraud and improper use of offshore tax havens for stock manipulation.
Hopes soar on currency gaining more if Modi becomes the Prime Minister.
Olympic gold-medalist gymnast Shawn Johnson got engaged to Andrew East.
China's Lu Shanglei and Wei Yi emphatically exhibited their rising chess prowess with convincing victories over Russians Vladimir Fedoseev, the top seed, and Mikhail Antipov, in the 10th round of the World Junior Chess Championships at Hotel Hyatt, in Pune, on Thursday. The victories ensured that the Chinese maintained joint-leader status with eight points each.
The moves in the first game of the FIDE World Chess Championship match between Viswanathan Anand and Magnus Carlsen.
It's time to upgrade your vocabulary too!
Remittance into India from foreign countries has already seen a jump of 25% in the last two months
Five-time World champion Viswanathan Anand played out an easy draw as black against Vladimir Kramnik of Russia in the first round of the London Chess Classic on Thursday.
Following are the moves in the seventh round of the World Chess Championship match between Viswanathan Anand and Magnus Carlsen in Chennai on Monday with analysis.
The first game of the World Chess Championship match between Viswanathan Anand and Magnus Carlsen of Norway ended in a draw, in Chennai.
S L Narayanan, a regular visitor to Pune for the Maharashtra Chess League, has a reputation for shocking seeded players. On Thursday, in the fourth round of the LIC World Junior Chess championships, at the Hotel Hyatt, the teenager from Kerala played true to his reputation and stunned Polish Grandmaster Kamil Dragun.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances