Japanese banking behemoth Sumitomo Mitsui Banking Corporation (SMBC) is back in negotiations to buy a controlling stake in Yes Bank, with the State Bank of India (SBI) reopening negotiations. Negotiations between the two parties had initially started in 2024 but have now resumed with new terms. SBI, which now owns 23.97% in Yes Bank, is said to be mulling selling as much as 20% of its holding to SMBC....
May 2025
Parameswaran Iyer, currently Executive Director at the World Bank, has been temporarily appointed as India’s representative at the International Monetary Fund (IMF) ahead of a crucial board meeting on May 9, according to sources. This move comes after the sudden termination of K V Subramanian, who was serving as India’s Executive Director at the IMF. His exit, six months before the end of his...
Ahead of Akshaya Tritiya, Swiggy Instamart made headlines by announcing it would deliver gold along with regular groceries and essentials. The unique offering, backed by tight security, quickly caught the attention of social media users. Several viral videos showed Swiggy delivery partners navigating traffic with a security guard riding along. One clip showed a guard holding a secure locker and a stick...