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Business

Historic Investment: Japan's SMBC Acquires 20% Stake in India's Yes Bank from SBI and Others for Rs 13,483 Crore

SBI and seven other lenders sell a 20% stake in Yes Bank to Japan's SMBC for Rs 13,483 crore, the largest cross-border investment in India's banking sector, making SMBC the largest...

Business

India-Pakistan Tensions Escalate: Airports Closure Extended to May 15 Amid Security Concerns

The closure of 27 airports in India has been extended to May 15 due to escalating tensions with Pakistan, affecting hundreds of flights and prompting enhanced security measures. Ai...

Business

Wall Street Awaits US-China Trade Talks: Markets Show Cautious Optimism Amid Tariff Speculations

Wall Street shows cautious optimism as it awaits the outcome of US-China trade talks, with slight market gains and company earnings influencing movements. Key discussions on tariff...

Business

Santander Stands Firm: Rejects NatWest's Bold £11 Billion Bid for UK Retail Banking Division

Santander has rejected NatWest's £11 billion offer for its UK retail banking operations, citing the amount as insufficient. This comes as NatWest prepares for domestic expansion, w...

Business

Swiggy's Q4 Losses Double to Rs 1,081 Crore as Quick Commerce Investments Soar

Swiggy reports a sharp rise in Q4 losses to Rs 1,081 crore, driven by heavy investments in quick commerce. Despite a 45% increase in revenue, expenses surged, reflecting aggressive...

Business

Escalating India-Pakistan Tensions Trigger Massive Investor Wealth Loss of Rs 7 Lakh Crore

Investor wealth in India suffered a massive blow, losing Rs 7 lakh crore in two days due to escalating tensions between India and Pakistan, causing market indices to plummet and tr...

Business

Dr Reddy's Laboratories Reports a Stellar 21% Jump in Q4 Net Profit to Rs 1,587 Crore

Dr Reddy's Laboratories reports a 21% rise in Q4 net profit to Rs 1,587 crore, driven by robust sales in the US and India. The company also announces a final dividend and leadershi...

Business

Tesla Stock Surges 5% Following Trump's Proposal to Slash Tariffs on Chinese Goods

Tesla's stock rose 5% following President Trump's proposal to cut tariffs on Chinese goods, boosting investor confidence in companies with significant China exposure. A new trade a...