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Sumitomo Mitsui Banking Corp or SMBC will invest sixteen thousand crore rupees in Yes Bank. The investment will be through equity and debt. This will strengthen Yes Bank's balance sheet. SMBC will also acquire a twenty percent stake in the bank from existing shareholders. The deal awaits regulatory approvals. This move is expected to improve Yes Bank's financial standing.
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News and Media
Asset management companies have seen significant stock gains this year, fueled by record inflows and expectations of relaxed regulations. However, analysts caution that increasing industry competition and stretched valuations may moderate future gains. New entrants and potential listings could further intensify competition, potentially leading to a correction in AMC stock prices.
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News and Media
Indian equity markets experienced a second consecutive day of losses due to escalating tensions between the US and India over tariffs. The NSE Nifty and BSE Sensex both declined by 0.9%. Investors are cautious amid a lack of positive triggers, with banking and IT sectors underperforming. Foreign portfolio investors continue to sell shares, contributing to the market's bearish sentiment.
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News and Media
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