SMBC Yes Bank Deal : Japanese lender SMBC gets RBI approval to acquire up to 24.99% in Yes Bank, marking the largest cross-border investment in India’s banking sector; SBI, other banks to sell shares.
Money Market
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India bond yields seen steady; may breach 6.50% amid sour mood
MUMBAI, Wednesday, 13 August,2025 (Reuters) – Indian government bond yields are likely to open steady on Wednesday, with the benchmark 10-year yield seen testing the key 6.50% mark amid a sour mood, following a sharp selloff fuelled by rising fiscal pressure and higher debt-supply concerns.
Forex Reserves India Down by $2.713 Million to $637.687 Billion
Forex Reserves India: The country’s foreign exchange reserves declined by $2.713 billion to $637.687 billion in the week to November 26, RBI data showed.
Reliance Industries – Aramco Deal off After Agreeing To Re-evaluate
Shares of Reliance Industries Ltd. shed over 4% in intraday trade to Rs 2,370 apiece, after the company and Saudi Aramco have agreed to re-evaluate the latter’s proposed investment in RIL’s oil-to-chemicals business. Reliance will withdraw its application with NCLT for segregating the O2C business. The decision to re-evaluate the proposed investment follows RIL’s recently announced plans to develop green energy giga complex at Jamnagar.
Gold Got A Digital Facelift. How’s That Going?
Gold Digital: You may no longer be able to buy candy for a rupee but you can buy gold. That pitch has been enough to draw a country besotted with the precious metal to its digital avatar. Sales have risen, particularly as the pandemic accelerated the move towards all things digital.
India’s Delhivery Plans $1 Billion IPO Filing in October
Delhivery Pvt, an Indian logistics and supply chain startup, plans to file a draft prospectus as soon as October for its initial public offering that could raise about $1 billion, according to people with knowledge of the matter.
Bitcoin Fell Below $50,000 Before Bouncing Back—What’s Next?
Bitcoin prices experienced some notable volatility today, dropping below $50,000 following a highly visible tweet from Elon Musk and then recovering.