YES Bank shares have surged 10% over the past three sessions, touching a fresh 52-week high, as investors pile in ahead of quarterly earnings and amid renewed optimism following Japanese lender Sumitomo Mitsui Banking Corporation’s (SMBC) stake purchase. On Monday, the stock rose as much as 1% to Rs 24.25 on the BSE. The Mumbai-based … Read more
The yen edged lower on Friday, trimming its sharpest weekly gain in more than four months, as traders considered the impact of potential rate increases by the Bank of Japan and a leadership election this weekend. BOJ Governor Kazuo Ueda reiterated that the central bank would continue raising interest rates if the economy and prices … Read more
Japan’s Sumitomo Mitsui Banking Corporation (SMBC) on Wednesday sold its entire 1.65% stake in Kotak Mahindra Bank for Rs 6,256 crore via block deals. SMBC’s over 3.2 crore shares were sold to scores of buyers at a price of Rs 1,940.8 apiece which include domestic and foreign funds, asset management companies and sovereign funds. The … Read more
By Kathryn Murray, as told to Michele Jordan I never saw myself as truly maternal. I’m a girl from L.A., from a large, blended family. I’ve lived all over the country and I’ve been exposed to many cultures. I was truly happy. I told myself that if I didn’t have children by age … Read more